A unit trust is a scheme in which people with similar investment objectives can pool their funds together for investment in different securities managed by professional fund managers to whom the fund is entrusted.
Many Malaysians especially those belonging to the middle class think that they don’t have enough savings for retirement. And figures show that these thoughts are indeed true as majority of EPF members only accumulate less than RM50,000 in their EPF fund by the age of 54, which can hardly sustain you for a couple of years. If you are one of these people, then you should start to take retirement planning more seriously by following these simple tips.
Saving for Children’s Education
Your children’s education is important for their future. Every parent knows the importance of education for their child to be competitive, survival and successful in modern society. With the escalating prices of everything including education, the need to save is essential in order to ensure that our children can receive the best education that money can buy. Here are a few tips on saving for your children’s education.