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Category: ABCs of Personal Finance

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EPF

Experts: EPF dividend expected to be 6 percent for 2024

Even if the dividend percentage is the same as last year, it is close to double the fixed deposit rate. Thus, the chance is there for it to be higher than double? 🙂 It does seem to be so based on the reports after the announcement of the Q3 results for EPF. Another two positive projections and reasons are reported in NST. Both said that the rate would be between 5.7 to 6 percent. I would like to wish they are right and if possible for them to be wrong; their forecasts are lower than actual. 🙂 Read what they say below.

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EPF

EPF’s 2024 shariah savings dividend may beat conventional savings.

We know EPF is doing exceptionally well thus far for 2024. Way better than the 2023. Thus, expectations is that there is a possibility to exceed 6 percent dividends for 2024. I know, we could not touch the money until our retirement but it’s still a very good news. Last year, the dividend was very close to 6 percent. Below are EPF’s dividends over the years. Yes, we can see a 5 percent (except 2020) has been very much the theme.

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gift box with ribbon on table
ABCs of Personal Finance

EPF members, higher dividends are possible for 2024.

EPF’s investment has been doing well actually. In fact 3Q24’s performance was very strong. Here’s the report: Article in thestar.com.my So, what does this mean to all the members? I know, we are unable to touch the money before we retire or well, you want to touch that Account 3… However, for the majority of us, the compounded interest continue to happen every year with EPF’s dividends. Thus, this is a good news indeed. Perhaps read what the analysts are saying. They have access to more numbers and can certainly do a better research too.

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man showing distress
ABCs of Personal Finance

What Happens If You Die Without a Will in Malaysia?

I was the chairperson for another full-house event by Comfori. It’s their “Malaysia Property Law Conference 2024.” (image below) I learnt a lot from the speakers and one particular speaker’s topic stands out as something that I really think couples should do in advance, especially if we already have children. As I listen to some of horror stories, I think many of these could be avoided if we have written a will. No one could predict unforeseen circumstances.

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man in black button up shirt holding smartphone
ABCs of Personal Finance

Too much debts! Ticking time bomb for Malaysia.

It’s important to note that even if we are able to pay our home loans on time, our car loans on time, our Buy Now Pay Later on time, it may not be true for everyone else. Some may struggle to pay home loans on time, car loans on time and some pay just one time for their BNPL scheme. The reason? They already have many other BNPLs which they were also paying before they signed up for this latest one.

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group of people watching on laptop
ABCs of Personal Finance

So many news about T15. Who are they, really?

This is the news article: focusmalaysia.com This is the statement inside the article: “THE ultra-wealthy group, or T15, with household incomes exceeding RM13,000, is expected to no longer receive the RON95 fuel subsidy.” Additionally, it is estimated that only 3% of the population, or nearly one million people, fall into the T15 group. Full article here: focusmalaysia.com

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gold bar lot
ABCs of Personal Finance

Opportunity to buy gold at a super heavy discount? Who is the seller?

If I am offered something at a heavy discount, I would ask why is the item on offer. Perhaps it’s the perfume, they always give big discounts when the expiration is 12 months away. Perhaps it is the leather shoe, they always give discounts because unless the shoe was super well taken care of, it has a lifespan and they better let it go before cracks happen. Perhaps it is last year’ car. You will get good discount if you buy a 2024 model in 2025. I mean there’s a REAL reason for something to be discounted.

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a woman in plaid blazer using her laptop and mobile phone
Career Related

Can you ask for a higher pay or you need someone to ask on your behalf?

Every now and then some of my friends would tell me that their employers are treating them badly. Chief reason is the employer does not wish to pay them good salaries. When I asked them why are they still working there if they feel that the employer is not treating them right? Some said they are still happy there, some say they could not find another role giving them the pay want and some say that other potential employers are also offering a similar pay and thus not worth for them to resign.

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quote box ontop of stack of paper bills
ABCs of Personal Finance

Five more taxes coming. One of it to make us stay healthy… Savvy?

We could not run away from taxes. Well, unless of course we have a business and we could afford experts to help us navigate so that we pay exactly only on the ones we have no way to escape from. Else we have to be experts in navigating through things which has taxes and stay away from them! How do we stay away?

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close up photo of golden rings
ABCs of Personal Finance

Gold is coming back… Ready to grab some and how high could it go?

Sometimes they say US$ is a safe haven when there are uncertainties since this is the largest reserve currency in the world. We just need to understand that when it comes to value of money, it’s a perception. However, there is one metal which always do well when it comes to uncertainties. That metal is GOLD. With the current wars happening in Middle East, it seems that people are again looking at gold as a safe haven for their assets. Thus, the gold price has been moving upwards and is in very active trade currently.

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