Ahad, 27 Mac 2011

Unit Trust. The Secret To Wealth

The Secret To Wealth
Whether you want to invest in shares or across a broad range of asset classes, unit trust funds provide you with one benefit that can be very hard for individual investors to achieve - diversification.

Many people invest but only some become wealthy. Why?
The mistake many people make when investing is that they treat their investment as saving.

Saving Versus Investing

So what is the difference between saving and investing? Saving is what you do to build up funds for something, like a holiday, and when you have the amount saved you withdraw your capital from your investment and spend it on the holiday. After the holiday you have nothing left, and start the process all over again.

But building wealth is different. People who want to build wealth invest their money for the long term in 'growth assets' such as shares and property.

Their strategy is to spend the income that the investment produces, but to leave the capital invested. They don't withdraw the capital, so it stays there growing and compounding, and producing more and more income each year.

If you do this it will take you quite a while longer initially to get to your investmant goal, but in the long run you will find that the extra wait has been worth it. As the years go by, you will have an increasing additional income stream from your investments and your standard of living can rise accordingly!

Should I continue to retain capital in retirement? 
Retaining your capital is a good strategy to use for wealth accumulation. Of course when you stop working later in life, your strategy may change. At that point it can often be beneficial to start drawing on some of your capital as well, whilst still ensuring that it will last for as long as you need it. 

From : http://www.cimb-principal.com.my/The_Secret_to_Wealth.aspx


Ahad, 6 Mac 2011


The Move Toward Greater Flexibility

In November 1996, KWSP provided greater flexibility for its members by allowing them to invest a part of their savings in approved financial institutions.

The direct impact of this move is to provide members with more control over their savings, giving the members a more active role in the investment of their own savings.

Who Can KWSP Member’s Invest With?

1)     Fund management institutions which fulfilled the conditions and guidelines set forth by the Finance Ministry are eligible to participate.
2)   Permodalan Nasional Berhad, Lembaga Urusan dan Tabung Haji, unit trust companies approved by the SC, local fund management institutions licensed under the SC Act 1983 and merchant banks which undertakes fund management licensed under Banking and Finance Institution Act 1989.

Method for Investing in the KWSP Scheme

Investments are to be made directly with any CIMB Wealth Advisor’s Agents.

The required documents:
a)    KWSP 9N AHL Form
b)   Photostat copy of Identity Card. To Photostat the front and reverse side of the NRIC on the same page of an A4  size paper.
 c) Fund Application Form

Who is Eligible?
You are eligible to apply if you are:

§        A Malaysian citizen; or
§        A Permanent Resident; or
§        A Malaysian citizen who have withdrawn your savings under Leaving The Country Withdrawal before 1 August 1995 but subsequently returned and re-contribute to EPF; or
§        A Non-Malaysian citizen (Expatriate) who became a member of the EPF before 1 August 1998.
§        You need to have savings in your Account I and you must also have not reached 55 years of age on the date the application is received by the EPF.
§        Eligible members are only allowed to invest not less than RM1,000 but not more than 20% of any surplus above required amount based on investor’s age. Refer to below chart.

Basic Savings required in Account 1 KWSP

What Are The Mechanics?

 Investment will not involve direct withdrawal of the funds from member’s account, 
 it will only be a transfer of KWSP savings to fund managers as instructed and  returns will be credited directly into member’s KWSP savings account.Any withdrawal or investment gains from the fund   management institution are not allowed until after age 55 or if member meets the requirements under the withdrawal schemes of leaving the country, incapacitation or death.

How Often Can You Withdraw?
Every 3 months (Based on disbursement date from KWSP)

When Are You Not Eligible To Withdraw?

  •  When your balance in Account 1 is Less than required amount based on age (Refer to above chart)
  • Reached age 55 years old.

Can You Invest in Any Unit Trust?
No. You can only invest in Unit Trust that are approved by KWSP.

Contoh Pengiraan Kelayakan Pelaburan Ahli KWSP

Simpanan di dalam Akaun 1 (RM)
Simpanan Asas Baharu
Pengiraan untuk Pelaburan (30%)
Ahli tidak layak memohon. Simpanan di Akaun 1 kurang daripada Simpanan Asas baharu.
RM9,000.00 – RM8,000.00 x
     30% = RM300.00
Ahli tidak layak memohon. Kelayakan minimum adalah RM1,000.00
RM20,000.00 – RM14,000.00 x
30% = RM1,800
Ahli layak memohon. Amaun kelayakan minimum adalah RM1,000.00 dan maksimum adalah 

Need More Info? Please Fill in Below Form: Form Pelaburan Unit Amanah