Ahad, 9 Mac 2014

The Star Online: Business

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The Star Online: Business

Don't sacrifice EPF to pay for your kids’ education

Posted: 09 Mar 2014 09:00 AM PDT

I must sacrifice my EPF or retirement funds to pay formy kids' education

It's time that parents view their own retirement planning as more important than their kids' education planning. The kids can possibly get a scholarship or even work their way through college. The best gift we can give our children is that we do not burden them when they are struggling to make ends meet in the difficult sandwich generation. After all, they can get a loan for education but we cannot get a loan forretirement.

I worked so hard, I deserve a nice house

The current financial system that allows a home owner to spend up to almost half of his netincome on his home can be a detriment to him. A family with several kids and perhaps an ailing parent should not afford a home of that magnitude. Perhaps it would be more prudent to have a more modest home to reduce the mortgage repayments stress and at the same time, to be able to build a buffer of six to 12 months for rainy days.

As long as I save a percentage of my money, it should be okay

What is also important is where you are putting your savings. If you leave RM10,000 in the savings account, in 25 years at a 6% inflation, your money will only be worth about RM2,300.You need to put your money into a vehicle that at least beats the inflation monster.

I need to leave a legacy

The Asian way of showing love by leaving a sum of money for the children may lead to many children leading irresponsible lives, e.g. not working hard because there is a financial safety net, or even spending beyond their means. It would be more practical and 'loving' to teach the kids financial literacy.

I never want to work ever again

It may no longer be possible to be completely idle during our retirement due to either late retirement planning or an unexpected illness expenditure. Perhaps what we can aspire to when we finally get a decent retirement plan started is to pursue work that we enjoy during our golden years.

If you have a question, Amelia can be contacted at info@successconcepts.biz

Cahya Mata Sarawak falls as investors take profit

Posted: 09 Mar 2014 06:30 PM PDT

KUALA LUMPUR: Cahya Mata Sarawak Bhd (CMSB), whose shares has advanced to their highest since 1997 several times last week, saw investors taking profit on the cement manufacturer.

At 9.22am, CHMSB was down 78 sen to RM8.22 with 7,400 shares done.

The FBM KLCI fell 11.49 points to 1,820.77. Turnover was 329.97 million shares valued at RM123.59mil. There were 81 gainers, 300 losers and 194 counters unchanged.

The fall in the share price was also in line with the weaker broader market. Key Asian markets fell on disappointing Chinese trade data and concerns about Ukraine.

CMSB shares had run up recently as it was seen as a proxy of the Sarawak infrastructure development.

KLCI falls in early trade, MAS in focus

Posted: 09 Mar 2014 06:15 PM PDT

KUALA LUMPUR: Malaysia's blue chips fell in early Monday trade, tracking the weaker key Asian markets on disappointing Chinese trade data and concerns about Ukraine, with more downside seen.

At 9am, the FBM KLCI was down 5.02 points to 1,827.24. Turnover was 71.47 million shares valued at RM21.62mil. There were 59 gainers, 128 losers and 145 counters unchanged.

BIMB Securities Research said there remains some uneasiness amongst investors as equity markets are stuck in a rut of late.  Though many perceived the Ukraine-Russia tension had abated, there are still many that are sceptical over the developments there, it pointed out.

"The KLCI lost 6.43 points to 1,832.26 (last Friday) from the lack of catalysts. We sense the local bourse may be on the verge of being downgraded following the less than inspiring results recently. Expect the index to see further downtrend to around 1,825 level today," it said.

Malaysia Airlines was the most active stock with 27.97 million shares done as families await news about the fate of Flight MH730 which disappeared early Saturday morning. It fell three sen to 22 sen.

MAHB fell 18 sen to RM8.20 and Brahim's 12 sen to RM2.52 on profit taking measures.

United Plantations fell the most, down 34 sen to RM24.04,

Scientex lost 24 sen to RM5.46 on profit taking after the recent run-up in its share price.

Petronas Gas lost 16 sen to RM22.98 and Petronas Daganagan was down 10 sen to RM10.10.

Among the banks, Public Bank foreign lost 10 sen to RM19 and BIMB eight sen lower at RM4.04.

Amway was the top gainer, up 34 sen to RM12.28 but with 100 shares done.  Pharmaniaga rose 10 sen to RM4.19 while MISC added six sen to RM6.60 and Lafarge four sen to RM9.33.

Kredit: www.thestar.com.my

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