GSB Group Berhad. Established in 1992 (then known as SM Summit Holdings Berhad), have always been known as the pioneer and leader in the optical
The SILVER BIRD Group has over the years, established itself as one of the dominant bakery and confectionery manufacturers in the country. A multi-million ringgit a year industry, SILVER
Tadmax Resources Berhad is a public listed company involved mainly in Property Development, Agriculture Development and Industrial Supply. On the property front which is their
As part of being a fully integrated services and solutions provider, SapuraKencana Petroleum has expanded into development and production of petroleum resources. We are leveraging
United Plantations Berhad is a very established public-listed company in Malaysia. It is listed in the Main Market of Bursa Malaysia where it is among
Westports Holdings Berhad is among the leading logistics and port operations group in Malaysia. It is one of the public listed companies in Bursa Malaysia
With over $119 million spent to sway the outcome of the US election, cryptocurrency corporations have emerged as the dominant force in federal election funding.
As blockchain technology seeps further into almost every industry in the world — from government to supply chain to energy and entertainment — there’s more
As with all things involving the Internet and money, cryptocurrency has also come under attack by hackers from time to time. Study says cyber criminals netted
Over a decade ago, Bitcoin gained popularity worldwide. I think it’s important to note that today, Bitcoin has achieved a position as the most well known
Octa (formerly OctaFX) is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and
So, you are a cryptocurrency investor and you are going all out to acquire the coins that you want. Bitcoin mining has been around for
Kudos on the amazing news of XM! This is an incredible milestone and deserves to be spotlighted and share the winning moment. With 14 years
The rapid increase in bitcoin prices has made the cryptocurrency one of the most attractive investment opportunities in recent years. Those who had the foresight
What is Polygon Crypto? Polygon is an India-based cryptocurrency. It was designed to allow faster and cheaper transactions on the Ethereum blockchain. Why is Polygon
What is GameFi? GameFi is a platform to play games using cryptocurrency. It is considered to be the next big thing after DeFi (Decentralized Finance)
What is IPFS? IPFS stands for InterPlanetary File System. Like the other file systems that come before this, it is a service that manages the
What is ERC-721? Like the ERC-20 which is a protocol used in Ethereum, the ERC-721 is a protocol introduced as a standard used for NFTs
The blockchain industry has been moving very rapidly across the world in the past few years and Malaysia is not any different. While there have
A new digital currency is set to be in the horizon. This came after the announcement that JCB will be launching a pilot project that
To participate in Filecoin mining, individual investors need to put in tons of money to purchase mining machines and establish mines. To establish a mine
Himalaya’s story began way back in 1930. A curious young man riding through the forests of Burma saw restless elephants being fed the root of
MYBiomass Sdn. Bhd. (“MYBiomass”) is a special purpose vehicle Initiated by the Malaysian Industry-Government Group for High Technology (MIGHT), and is a joint-venture company, together
Currencies are influenced by social, economic and political change, so it is little surprise that all around the world they are in a state of
If you are one who will work your whole life to save enough money for your retirement, then you might need to understand asset allocation.
Base Rate – Known in short as BR, it replaces the BLR from January 2015. Unlike BLR where the interest rate is determined by Bank
As part of the Malaysian government’s efforts to help the people to sustain their livelihood, a six-month moratorium would be extended for individual and microenterprise
Most people will tell you that being in debt is bad thing. If possible, you should not be in any form of debt. But does
Applying for a loan from a bank can be quite easy and challenging at the same time. If all your documentation are fine, you should
Often people have not taken sufficient steps to ensure that their assets are protected from risk as well as ensure that their dependants are adequately taken care of financially in the event they are no longer around or in active employment. While steps have been taken to ensure that there are some forms of assets distribution arrangements, the funds required during the interim period may not be adequately set aside or worse, these funds are not taken into consideration when making the arrangements.
Also, many of the people while investing their monies and receiving investment return had not been able to analyze the actual rate of return after inflation. In fact, their investment strategies may not be in-line with their Financial Goals and Objectives without them realizing it.
Realizing Financial Goals – What Do They Need?
How then can people fulfill their Financial Goals while maintaining their current lifestyle and make their savings work harder for them? What do people require in order to ensure that all aspects of achieving their Financial Goals are taken care of? When their life circumstance changes, how do they know what impact all these issues have on their existing strategies. What should they do?
The most talked about process today is Financial Planning. Although Financial Planning is relatively new to many people in Malaysia, it has been practiced in USA for more than 40 years. In Malaysia today, Financial Planning as a profession is regulated by the Securities Commission.
Financial Planning – What is it all about?
Simply, Financial Planning is about helping an individual achieve his or her Financial Goals from where he or she is today. To many people, Financial Planning is a complicated process and that only the rich need to worry about it. Is this true? The answer is “No”.
In fact, all of us need some form of Financial Planning. When we first purchase a house, we need to ascertain how much we can afford, how much loan to take, which financial institutions is giving the better rate and which loan is best suited to me for better cash flow management. When we invest our hard earned savings, we need to find out about our risk appetite, the time period of investment, the anticipated rate of return and asset portfolio.
If we need to categorize the different stages of the wealth management process and its solutions, it can be best described as follows:
– Unit Trust Funds (Learn about Unit Trust Basics), Equities, Properties, Savings accounts etc
– Investments & Savings
– Wills, Trust
Permanently or Temporary)
The Financial Planning Process involves a Six Step Process.
Although the process sounds simple, many people may not be equipped with the knowledge and skills to do a proper financial planning on their own.
Most often they are only able to address the issues which are most familiar to them and may overlook some pertinent issues which may have a great impact on the family’s well being in future.
Thus, the need for proper sound advice is important and the service of a qualified and professional Financial Planner is necessary.
To this end, the Securities Commission has recently implemented the regulation that all individuals wishing to offer financial planning and advisory services and hold themselves as Financial Planners must be licensed. Start by talking to them today.
