Let me ask you this: Let's say you have a joint account with your spouse in a local bank. Due to an unforeseen accident, your spouse passed away (touch wood). Are you entitled to withdraw all the money in the account, say RM100k? The answer is not simply a "yes" or "no". It actually depends on the bank's rules and regulations. What I learn is that there are three possibilities. 1. You cannot withdraw any money. When the bank knows about a person's death, the respective account shall be frozen until court order is obtained. ...

Finally, I got it in my mailbox.This is my first book and I am officially a published author :)You can download a preview copy by signing up to receive my newsletter. For those who are already in my list, you should have received the download link in my previous email.If you are a blogger, you can get a complimentary copy of Top Money Tips for Malaysian if you are interested to write a review about it. Please contact me with the details of your blog url and the number of ...

This insurance buying "philosophy" has been preached many many times by some of the top personal finance gurus and authors, especially those from foreign country. What I am talking about is the technique of buy term and invest the difference (BTID). I haven't written anything about it, yet. Mooi (a blog reader and a regular forum contributor) actually asked this question in the forum. There is a very interesting discussion. You should really take a look at the forum post about what we've discussed so far. In this post, I ...

As my blog readers, you are invited to attend a free investment seminar by a local financial expert, Mr. Phua Lee Kerk. Please contact me to book your seat.Topic: Market Outlook at Current Global Market TurmoilDate: 22nd Nov 2008 (Saturday)Time: 3.30pmVenue: Dorsett Hotel's Sri Pinang Ballroom 3, Jln. Larut, 10050 PenangSpeaker profile:Mr. Phua Lee Kerk, CFA, is currently the Chief Executive Officer of Pheim Unit Trust Berhad. He has wide and varied experience in the financial advisory and portfolio management fields, having worked in ...

Let’s face it, everyone (no exception here) will encounter several personal fears as they go through their life phases. These fears can be about their health, family’s well-being, job performance or security, personal relationship, etc. There is one fear which most of us will definitely have to deal with and that is financial fear. As I read about other people’s financial fears, I discovered that they are quite similar to my own fears. I have listed down below several financial fears that the majority of us will encounter. • Buying a house • ...

I've received a lot of emails nowadays asking for personal finance guidance. I hope to share some discussion that I think will be helpful and inspiring. As usual, all identities are kept secret. Please find my reply in italic. This is an email from a reader: Dear KC,     I have been following your blog and other PF blogs for quite some time now and would like to seek your advice on my current financial position.     At 30 this year, I have been working for a while in Singapore and with high cost ...