Sunday, January 24, 2010

COST OF PROCRASTINATION - The benefits of starting Early.

Saving a huge sum of money for your retirement or education plan may seem like a daunting task but with time coupled with the power of compounding interest/ profit (for islamic investments), you will be amazed by how much your funds can grow simply by making regular investments. For instance :-

You can achieve RM1 million by investing RM220 monthly in an investment fund for about 40 years*.

Hence, starting early does have its benefits while procrastination may cost you dearly. For instance:-

If you start investing 10 years earlier (50 years timeframe)
You only need to invest RM90 a month in an investment fund to achieve RM1 million*

If you procrastinate by 10 years (30 years timeframe)
You will need to invest RM550 a month in an investment fund to achieve RM1 million*.


*Assuming rate of return is 9% per annum. This figure is only an assumption and does not indicate the past or future performance of any specific unit trust fund.

Capitalise On The EPF Members Investment Scheme To Grow Your Retirement Nest Egg

EPF Members Investment Scheme allows EPF members to invest 20% of the amount in excess of the required Basic Savings in Account 1 for investment in approved unit trust products.

The Benefits...
a) No cash investment required-investment is transacted directly from your EPF Account1
b) Diversification-opportunity to diversify your retirement funds with EPF approved funds.
c) Capital appreciation-opportunity to achieve capital growth and enhance your EPF savings.


Note : Please use KALKULATOR PELABURAN on the left  to check your eligibility for EPF withdrawal to invest in Unit Trust.