EPF to start ’em young on investments

This is under the EPF's new “Beyond Savings” scheme where members can withdraw a portion of their savings from their Account One that is in excess of a “basic savings,” which varies according to age.

This basic amount increases according to the age of the contributor and would ensure that he had at least RM120,000 by age 55, said EPF organisational development division head Hizwani Hassan.

Under the new scheme, contributors can withdraw at least RM1,000 and up to 20% of the excess amount once every three months.

For example, the basic savings amount for a contributor aged 25 is RM9,000 while a person aged 35 must have at least RM29,000 before he can make a withdrawal.

Currently, members can invest 20% of the excess of RM55,000 in Account 1. This scheme will be scrapped on Feb 1.

“The amount of savings put aside in Account 1 progressively at various pre-determined age levels is to enable members to accumulate the minimum savings that will enable them to reap RM500 a month for 20 years (after retirement),” said Hizwani.

For an employee to achieve the RM120,000 basic savings, it is estimated that an 18-year-old, at current contribution rates, will have to earn at least RM444 a month with a 3% yearly increment and at 4% annual EPF dividend, he said.

By Feb 1, 1.76 million contributors will be eligible to invest RM23bil from Account 1, compared to 850,000 people who are eligible to invest RM96bil currently.

Meanwhile, from Feb 1, about 150,000 employees aged between 55 and 75 will have to make mandatory EPF contributions.

EPF deputy CEO Ibrahim Taib said that the new ruling was introduced in view of Malaysians living longer and to encourage those above 55 to continue working.

Under the scheme, employees will contribute 5.5% and employers 6%, he said at the EPF headquarters here yesterday, adding that employees can also opt to contribute more.

Currently, contributions from those aged 55 and above are voluntary, and the amount is agreed upon between employers and employees.

Those who fail to contribute will be liable to three years' jail and can be fined up to RM10,000 or both under the EPF Act, Ibrahim said.

For non-citizens aged 55 to 75 who chose to contribute after Aug 1, 1998, the rate is 5.5%, while employers pay RM5 a month.

As of Dec 31 last year, there were 5.57 million EPF contributors and 144,467 were between 55 and 75 years old, said Ibrahim.

KWSP Isytihar Dividen 5.8 Peratus Bagi 2007

KUALA LUMPUR, 22 Jan (Bernama) -- Menteri Kewangan Kedua Tan Sri Nor Mohamed Yakcop hari ini mengumumkan dividen 5.8 peratus bagi Kumpulan Wang Simpanan Pekerja (KWSP) bagi 2007, lebih tinggi daripada 5.1 peratus pada 2006.

Katanya, dividen lebih tinggi itu dibantu oleh pasaran saham yang lebih kukuh dan juga kecekapan KWSP dalam mengurus dananya yang berkembang.

"Ia adalah peningkatan yang besar. Pasaran saham baik dan KWSP berkesan dan cekap dalam mengurus dana yang besar dan berkembang," kata Nor Mohamed kepada pemberita selepas melawat ibu pejabat KWSP di sini.

"Kita mampu mengisytiharkan dividen yang semakin tinggi sepanjang beberapa tahun. Saya anggapnya sebagai pulangan yang menarik pada 5.8 peratus," katanya.

KWSP ialah dana keenam terbesar di Asia dengan jumlah peruntukan aset sebanyak RM312 bilion.

-- BERNAMA

Jumlah Simpanan Asas Dalam Account 1 KWSP

***Klik pada jadual untuk gambaran lebih besar

Pada 17hb January 2008, KWSP telah mengeluarkan jadual terkini untuk pencarumnya mengeluarkan simpanan account 1 untuk tujuan pelaburan...

How to calculate service charge...?

Below is an example of how the calculation is done when the fund service charge (sales charge) is 6.5% :

Initial investment = RM10,000.
NAV per unit = RM0.5000.

Service charge per unit :
= NAV per unit x Service Charge (%)
= RM0.5000 x 6.5%
= RM0.0325

Total service charge incurred :
= Service charge per unit + NAV
= RM0.0325 + RM0.0500
= RM0.5325

Units credited to your account :

= Initial invested /NAV per unit
= RM10,000/RM0.5325
= 18,779.342 units

Nett amount invested :
= NAV x Total units
= RM0.5000 x 18,779.324
= RM9389.662

Total service charge :
= Initial invested - Nett amount invested
= RM10,000 - RM9389.662
= RM610.338

New fund CIGEF launching today...!!!!

ANNOUNCEMENT OF NEW FUND – CIMB ISLAMIC GLOBAL EQUITY FUND

We are pleased to announce to you the new fund, CIMB Islamic Global Equity Fund, which will be launched on 8^th January 2008. The Initial Offer Period (IOP) for this fund is from 8^th January 2008 to 28^th January 2008.

CIMB Islamic Global Equity Fund aims to provide investors with medium to long-term capital appreciation, through investments in the global markets that comply with the Shariah principles. Kindly note that this fund is open for CASH INVESTMENTS only.

The Fund seeks to achieve its objective by investing principally in equity securities which are Shariah-compliant selected from investment markets around the world, which the fund manager believes are undervalued and have the potential for significant growth. Asset allocation:

• 70% to 99% of the Fund's NAV can be invested in Shariah compliant global equities.


• The balance of the Fund’s NAV will be invested in Shariah-compliant liquid assets.


• Approved fund size is 300 million units. The fund’s initial offer period ends on Monday, 28 January 2008.

Choose your number...

There are 3 types of people in this world :

1. Who don’t know what happen...
2. Who only see what happen...
3. Who make things happen...

So, you are in number...???

I know you must belong to the no 3 group...congratulation...!!!

Only risk taker can be success in their life....

Method pelaburan Unit Trust

Hmmm...ramai lagi yang tak berapa faham tentang bagaimana cara membuat pelaburan Unit Trust nie...
Actually cara untuk membuat pelaburan terdiri daripada 3 cara iaitu :

1. Lump sum
2. Regular saving
3. EPF (Account 1)

1) Lum sum
Lum sum bermaksud pelaburan sekali gus dalam 1 amount...RM1000, or RM10,000 or RM100,000...Kemudian tanpa melakukan pertambahan modal atau membuat penambahan jarang-jarang sekali...

2) Regular Saving
Regular saving adalah bermaksud menyimpan secara bulanan melalui auto debit dari account bank...ianya tidak terikat pada mana-mana syarat, ikut pada kemampuan pelabur serendah min RM100 dengan tanpa ada tempoh matang/ikatan tertentu...

Melalui regular saving, pelabur boleh membuat pelaburan bertujuan samada untuk pendidikan anak, persaraan, simpanan, pelancongan, perkahwinan, membeli rumah atau sebagainya...bergantung pada tujuan anda...

Kelebihan regular saving ialah anda akan membuat Dollar Cost Averaging (DCA) di mana setiap bulan NAV anda akan berada pada tahap purata...ianya lebih menguntungkan...

3) EPF
Pelaburan melalui EPF perlu memenuhi syarat-syarat tertentu seperti berikut :

• Pengeluaran hanya dari account 1 sahaja.
• Perlu ada jumlah baki yang mencukupi (refer tajuk terdahulu untuk penerangan lanjut)
• Boleh dikeluarkan setiap 3 bulan sekali selagi memenuhi syarat.
• Minimum setiap pelaburan RM1000

Apa pun perlu diingat...pelaburan unit trust adalah medium to long term...tapi kalau dah rezeki insyaAllah dalam tahun pertama dah boleh gain more than 50%...

CIMB is Tops

The Star - 03 Jan 2008

PETALING JAYA: The CIMB group topped the league table as the biggest corporate dealmaker in Malaysia for 2007, based on data compiled by Bloomberg.

The country’s top investment adviser increased its domestic market share on all fronts, from helping local companies to selling around RM35bil worth of bonds last year.

The amount comprised RM19.1bil worth of domestic bonds and RM15.88bil worth of Islamic papers.

That gave the bank a 35% share in the conventional debt market and 42% share in the Islamic bonds market.

Its nearest rival, AmInvestment Bank Bhd, sold a combined RM10bil worth of Islamic and conventional debt papers in 2007, chalking an average market share of 11%.

In the initial public offering market, CIMB helped companies raise RM1.28bil from listing on Bursa Malaysia, or slightly more than half of the total volume of RM2.4bil recorded in 2007.

CIMB’s involvement in mega merger and acquisition (M&As) deals last year boosted the group’s ranking in the region.

The firm, headed by chief executive officer Datuk Nazir Razak, climbed from seventh to second place behind JP Morgan in the South- East Asian market for 2007, with M&A arrangements worth US$21.66bil (RM71.7bil).

CIMB also participated in 33 deals in China and Hong Kong valued at US$6.2bil (RM20.5bil) during the year.

Another local banker, RHB Investment Bank Bhd, jumped to seventh place in the South-East Asia region ranking, with total deals amounting to US$14.5bil (RM48bil).

The biggest advisory arrangement for CIMB during the year was the US$11.9bil (RM39.3bil) takeover of Maxis Communications Bhd in May by Binariang GSM Sdn Bhd.

The privatisation exercise went on to become the biggest announced M&A exercise in South-East Asia and third largest in Asia Pacific (excluding Japan) in 2007.

The largest M&A deal in the region during the year was the US$15.1bil takeover of Australia’s Coles Group.

During the year, the Asia Pacific region saw US$780bil worth of deals announced, or 16% higher compared with 2006.