Grow Your Retirement Income$: Exchange Traded Funds

Sunday, March 24, 2013

Exchange Traded Funds

Exchange Traded Funds (ETF) are open ended investment funds listed and traded on the stock exchange (FBM KLCI). It aims to track the performance of an index and provides access to a wide variety of markets and asset classes. It holds a basket of individual securities, allowing individual investors to take position in many individual companies or fixed income securities with one trade. ETF listed in FBMKLCI are ABFMY1, CIMB40, CIMB 25, FBMKLCI-EA & MYETFDJ.

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90% of EPF contributors have less than RM100K in their account.
83% used their retirement savings when the need arose before reaching retirement.
73% of Malaysians do not seek professional financial advice when planning their retirement.
70% of retirees use up their EPF money within 3 years of retiring.
More than 50% of Malaysians have not given thought to how much they need to retire comfortably.
41% of Malaysians do not plan on building a seperate retirement fund. Of those who do, 77% place their savings that provide low yield
39% intend to work beyond retirement age to supplement their income.
Only 35% of Malaysians fully confident that combination of EPF and personal savings will see them through retirement.
Medical cost inflation can run as high as 15% a year.
Inflation rate of 6% p.a. will increase the cost of 3 meals from RM20 to RM 64 in 20 years.

From various sources including "The Star", "SIDC".