Impact Of Inflation
Ask your self again.. will RM500 per month be enough?
Average yearly dividend generated from KWSP is 5%. Yearly dividend of 5% is good, but it is not enough. Because every year, our inflation rate keeps going higher! Malaysia inflation rate recorded 5.4% in 2009! We need to 'CHARGE-UP' our KWSP savings so that it will generate more than 10% dividend a year! Can it be done?! The answer is YES IT CAN BE DONE! You will soon find out how to do it.
Now look at the chart below. In which group do you want to be when you retire at age 55?
So you wish to be in the 1/3 of the top of the chart? Or 1/3 of the bottom and beyond? After exploring the facts above, we clearly do need to 'CHARGE-UP' our KWSP savings and let it work harder for us. Give our savings a chance to 'snow-ball' and become a BIGGER 'ball' every year.
So how do we do it? Dividends in KWSP alone is 5% a year. How can we save our money so that dividends we received are more that 10% a year without working two or three jobs at the same time? The answers will be revealed..
Unit Trusts Fund Is The Answer
Basic Savings (Simpanan Asas)
Did you know that you can withdraw a portion of your savings in KWSP and invest in goverment approved Unit Trust Funds? Click HERE to go to KWSP and find out more.
Take a look at the table above. If your savings in your account 1 in KWSP is more than the 'Basic Savings' required at your age, then you are eligible to invest 20% of the excess in unit trust fund. Below is an example..
The earlier you start your investment, the 'snow ball effect' gets bigger and bigger. What will happen if you procrastinate your investment? The illustration below explains the effect of compounding interest and effect of procrastination.
Start 'Charging-Up' your KWSP investment now before it is too late.
After all, NO CASH investment is required. It is just a matter of 'moving' a portion of your savings from KWSP to a GOVERMENT APPROVED UNIT TRUST FUND and let your money work twice as hard for you.
Contact us for further inquiry!
Send an SMS to:
+6016 - 846 7306
alternatively you can also email us at:
doublekwsp@gmail.com