MONEY MASTER

After a resilient economy in the year 2012, we are now in 2013 and I'm thinking that we have yet to see the worst from 2012. I'm not sure that whether global economy will be getting worse or getting better, however I know it myself that own economy might turn bad if inflation continue to go up, while salary maintaining slightly higher or the same. Hence, this year, I will set a rather defensive financial resolution sort of to protect the capital, while having slight growth over the year in line with the inflation.The target growth of the stocks portfolio is expected to be about 10%, with the growth mainly in the dividend stocks and oversea stocks. As almost everyone in the country are expecting there will be a slight correction in stock market due to the General Election which is due to held this year, I won't be allocating some portion from the salary to the stock market, at least until second half of the year. Instead, the money will go to the house loan first -...

We are now in another new year, or financial year and many of us are just 2-3 months for tax submission. However, there are just still so many of us who are questioning how our scheduled tax deduction (STD) or PCB is calculated as most of the time we are getting different deduction. It is not a surprise as majority working class are having fixed monthly salary, but at the same time on and off we are getting bonuses from our employers. These bonuses are the reason why we are getting different scheduled tax deduction on certain month when we have bonus. I posted twice on how these are calculated on Calculating PCB or  Schedular Tax Deduction (STD) for Salary and Bonus and How to Calculate PCB or Scheduled Tax Deduction (STD) for Salary and Bonus Anyway, since I'm still getting emails on the calculation, I will use the example from the email so that the reader can understand it based on his or her salary and bonuses. Assuming A is getting a salary of RM3,000 and have RM24 d...

We are just less than a week to 2013 and I guess it is time for us to reflect on our annual financial goal and how are we doing or whether we are still in on track to achieve our financial goal, or whether we are lagging behind. We should always check our financial goal quarterly, and I always check, just to ensure that the goal that I set earlier is achievable and on track to achieve it. If not, then what is the problem until we are side track or off target. Always reviewing this will ensure that we set a more realistic goal in the future, achieving financial goal will give us a feel of fulfillment. Anyway, back to my financial goal, I usually set a very basic and generic financial goals which is to grow the stocks portfolio by about certain percentage, tithing and to clear certain percentage of debt. This year, it will not be any different as well - the only different being that I forgotten to blog it out. The stocks portfolio growth by about 24%, with about 29% of the growth ...