Wealth Building, Retire Early, Personel Money, Financial Planning, Saving Tips
I bought 2 units of Gpacket on 27 September at RM0.695. 1 unit of Gpacket 0082 sold on 6 Nov at the price RM1.490. I gain a 114% of return for this complete transaction. It is very lucky for first time investor to gain more than hundred percentage of return. I did not use any form of leverage or margin on this stock.
I had my first stock investment account with TA Securities. In my hometown, there are not many brokerage firms, just TA, Kenanga and OSK only. Recently, I just know that actually banks are doing stock trading too.
If you have some saving in account after whole year of hard work, what will you do with the money? Most people have wonderful plan for it. Plan for vacation, plan for new car, new hand phone or now more to smart phone and so on as you can name it. They spend all and restart their saving at the beginning of next year for new plan. Spend it! That are what most frequently heard of or we are just the one of them.
Historically, employees contribute 11% of their monthly salary while their employers contribute 12% of your monthly salary. All together, 23% of your monthly salary is contributed to your EPF account.
All employees in Malaysia have a retirement fund called Employee Provident Fund aka EPF. The purpose of the EPF is to help Malaysian to have a saving account for retirement. However, there are also self-employed provident fund from private sector. The purpose is the same, saving for retirement.
