We are talking about two different term here, ASB & Overdraft. Everyone knows ASB is an investment fund that managed by ASNB, PNB’s wholly owned subsidiary. ASB is giving very attractive return & one of the highest paying dividend fund.
While, an overdraft (OD) is a type of bank loan facility where we are allowed to withdraw money from current account exceeding the available balance. The benefit of OD is, the interest is charged on overdrawn amount from your OD account on daily rest. This will be beneficial if you only need a short term loan. Comparatively interest rate for personal loan is charged on total loan amount
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In his book “Cashflow Quadrant: Rich Dad’s Guide to Financial Freedom”, Robert Kiyosaki identified seven (7) levels of investors. The ideas are coming from John Burly but he modified the definitions based on his experiences. The 7 levels of investors according to Kiyosaki are,
Level 0: Those with Nothing to Invest
Level 1: Borrowers
Level 2: Savers
Level 3: Smart” Investors
Level 4: Long-term Investors
Level 5: Sophisticated Investors
Level 6: Capitalists
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Previously, we look at how does one trillion dollars look like. Yes, one trillion dollars in cash is really massive amount to keep. Now, I am going to show you 100 times more, a 100 trillion dollars. Can you imagine how its going to look?
Read more to find out.
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Recently, Securities Commission (SC) announce plans to amend the guidelines on unit trust funds in Malaysia. The ammendment will allow for greater flexibility and choices to meet investors needs.
The amendments will facilitate the creation of multi-class structure unit trust funds. This means that single unit trust fund will be able to offer multiple classes of units over a single investment pool, with each class of units having different features such as the fees and charges imposed and the currency in which it is denominated.
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It is time of the year again for us to complete income tax return form for the year of 2009. For individuals, the last date to submit the form is on the 30th April 2010. This is what LHDN or IRB warn if you fail to do it by the dateline.
Any tax due and payable but has not been paid by the taxpayer by the due date shall be increased by 10% and any balance remaining unpaid upon the expiration of 60 days from the due date shall be further increased by 5% of the balance unpaid.
Read more to find out more information on tax exemption, deduction, rates, reliefs and rebates for individual for year 2009.
If you are not sure what are tax exemption, rates, reliefs and rebates, you can read here.
Which form to fill in?
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