Something to ponder about

Omg, something hilarious to think about...

Taken from TheStar 22nd July 2008

RM120,000 enough for life after retirement

AN average worker will have about RM120,000 in his Employee Provident Fund (EPF) account by the time he retires or reaches the age of 55, Deputy Finance Minister Datuk Seri Ahmad Husni Hanadzlah said.

He said this amount would give a person RM500 a month over the next 20 years and enable him to meet his basic expenditure needs after retirement.

However, the person should contribute more than RM120,000 to his EPF account to enjoy a more comfortable retirement life, he told Senator Ikhwan Salim Sujak.

He also said EPF contributors were allowed to withdraw from Account II to buy a house or buy a second house if they had settled the loan on their first home.

To a question, Ahmad Husni said there were no plans to compel contracted or part-time workers to contribute to the EPF.


OH COME ON, RM 120k is not enuf to survive the next 20 years if you take into consideration of inflation using the rule of 72. For example if I were to work another 30 years to my retirement, my 120k worth now will be only 50k. And to think of 50k to survive another 20 years if I live to 75 years old.. that would be RM2500 a year and RM 208 a month. HOW TO SURVIVE?????

Malaysian properties are the cheapest in the region — is this a good enough reason to invest?

"Pricing real estate can be rather complex. It has to do with economic activity and historical trends. I believe it's cheap in Kuala Lumpur because the market has always been relatively well-balanced with no extreme shortage of supply," says Boyd. "I would say yes, 'cheapest in the region' is a valid reason to invest if you are willing to take a view of 5 to 10 years."
But Koh says, "Real estate markets are very much affected by local economic conditions, so straight regional comparisons are not realistic. However, by opening up the market to international players, a more "efficient market" has been created, which leads to better pricing for property owners. I would say the Malaysian market is priced realistically. The reason for this is there are no dominant property players, unlike in emerging markets, like Vietnam, where land ownership is tightly controlled by the state."

-TheEdge(June08)

Pushing the limits...

Its been a month plus and work has been really stressful. Pushing everything month end to make sure our commission are all into that month.

I was in Singapore the last month for the weekend just to meet up my customer. Was back in Penang too for some matter pertaining family properties.

But as this month moves in, things are getting slow. Ecomony is slowing down as we all can noticed, all because of the petrol hike from RM1.92 to a now RM2.70/litre. Price of everything increase like a domino effect, food, services, etc...

As we are moving to a uncertain policital issue as well in the country, this end half year will be a tough time for everybody. My cases and loans are coming in slower already. 70% of the market's purchase in property are investors coming in and now these investors are holding back. Who want to invest in a country that is political unstable and when its economy is weakening? Anyhow, I will have to find other ways to keep myself going. Mustn't stop because of some factors we can't change. So change myself to the environment and suite in.. lol.. easy said then done.