Yee Xiong 贻雄 - Financial Strategist

2 mins reading on Malaysia Belanjawan 2024: Malaysia Madani

Plan ahead with your finances to maximize your benefits on various aspects, especially your personal income tax 😉

I am honored to get invited to attend the Corporate Visit on our Investment Platform Service Provider - Investor Trust Assurance (ITA), which they has just moved their office from KLCC to TRX Exchange 106 Tower.

Investor Trust Assurance is a regulated offshore insurance and investment company under Labuan Financial Services Act (LFSA).

In addition we had a meeting with the Chief Marketing Office together with their senior management team to further improve the level of services towards our client. Looking forward for their future growth.

Today come across a Netflix Documentary Series shared by our company CEO, title named "How to Get Rich"

I am so amaze that this series is literary showing how Ramit Sethi help people to design their through a proper financial planning and help them to master the money psychology

is not just about being wealthy, but is enjoy your life while ensure your finances are in your control

This is how exactly we are in this Financial Planning industry and help people that we care to carefully and caringly plan their finances so they take control their finances and build their dream with positivity

Curious about your Rich Life? Do watch this series and afterwards let's have a coffee talk with me and I will share with you more 😉

𝐄𝐦𝐩𝐨𝐰𝐞𝐫𝐢𝐧𝐠 𝐚 𝐒𝐞𝐜𝐮𝐫𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐅𝐮𝐭𝐮𝐫𝐞

Financial planning is the compass that navigates us through life's complex financial landscape

I am more than happy to see my client gain confidence especially on the financial aspect where he knows:
- His current financial standing
- How much needed for his financial goals
- Finance shortfall that he need to cover up
- Action plan he need to take to ensure he success in his life journey

Ultimately, financial planning is not just about numbers; it's about securing peace of mind, allowing us to focus on what truly matters in life

Feel free to reach me out if you need some advice on improving your finances. I am happy to assist

🎉Reflecting on an Incredible Experience at AFA Annual Conference 2023🎊

I'm thrilled to share my experience and key takeaways from this fantastic event that brought together some of the brightest minds in the financial industry:

🌟 Highlights of the Conference 🌟

🔹 Keynote Insights: The keynote speeches delivered by Dorren Fadli (Head of business policy and tax development), John Chan (AFA President), Apelles Poh (Senior Financial Services Director, PIAS Pte Ltd) and other speakers were nothing short of phenomenal.

They provided valuable insights into the ever-evolving financial landscape, emphasizing the importance of adapting to changing market trends and embracing new technologies.

🔹 Interactive Workshops: The hands-on workshops were a great opportunity to fine-tune our advisory skills and explore innovative approaches to client engagement.

I particularly enjoyed the session on client relationship management and investment management, which equipped me with practical strategies to help my clients achieve their long-term financial goals.

🔹 Exhibitor Showcase: The exhibitor booths were filled with cutting-edge financial tools and services. I discovered some fantastic resources that will undoubtedly enhance the services I offer to my clients.

🙏 Gratitude and Thanks 🙏

I extend my heartfelt thanks to the organizers of the AFA Annual Conference 2023 for putting together such a remarkable event. The seamless ex*****on, engaging sessions, and top-notch speakers made this conference an unforgettable experience.

💼 Moving Forward 💼

As I return to my practice, I am energized and equipped with new insights and strategies to better serve my clients. The learnings from the AFA Annual Conference 2023 will undoubtedly have a positive impact on my professional growth and the financial well-being of those I serve.

--

I look forward to staying connected with the fantastic individuals I met during the conference. Let's continue to support each other on this journey of excellence in financial advisory!

📊𝐏𝐡𝐢𝐥𝐥𝐢𝐩 𝟏𝟑𝐭𝐡 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐂𝐨𝐧𝐟𝐞𝐫𝐞𝐧𝐜𝐞 𝟐𝟎𝟐𝟑📈

Last Saturday I was attended the yearly investment conference organized by Phillip Capital. The conference was an absolute treasure trove of knowledge

Throughout the event, I have summarized some of the key points shared by the fund managers towards the upcoming market outlook on various countries:

𝐔.𝐒. - Growth slowdown with potential of mild recession, but could be offset by change in FED policy which is positive for equities

𝐂𝐡𝐢𝐧𝐚 - Growth to return to a more gradual trend post re-opening bounce. Look for more policy support to boost markets. Remain positive on consumption plays which show strong growth and attractive valuations

𝐊𝐨𝐫𝐞𝐚 𝐚𝐧𝐝 𝐓𝐚𝐢𝐰𝐚𝐧 - On an improving trend as investors look past the bottom for the semiconductor inventory cycle

𝐀𝐒𝐄𝐀𝐍 - Thailand as a beneficiary of China re-opening. Indonesia continue to have a positive consumption

Let's look forward how the market move on the 2nd half of the year onwards. We can navigate the dynamic world of investments with confidence and seize the opportunities that lie ahead 💼💰

Let's continue to learn, grow, and thrive together as we strive for financial success! 🚀🌟

𝐔𝐍𝐃𝐄𝐑𝐒𝐓𝐀𝐍𝐃𝐈𝐍𝐆 𝐄𝐏𝐅 𝐀𝐂𝐂𝐎𝐔𝐍𝐓 𝟏 𝐀𝐍𝐃 𝐀𝐂𝐂𝐎𝐔𝐍𝐓 𝟐 𝐖𝐈𝐓𝐇𝐃𝐑𝐀𝐖𝐀𝐋 𝐄𝐋𝐈𝐁𝐈𝐆𝐋𝐘

The Employees Provident Fund (EPF) in Malaysia offers its members the opportunity to make withdrawals from their EPF accounts for various purposes.

It's important to understand the eligibility criteria for EPF Account 1 and Account 2 withdrawals to make informed decisions regarding your savings.

𝐄𝐏𝐅 𝐀𝐜𝐜𝐨𝐮𝐧𝐭 𝟏 primarily serves as a retirement savings account, and withdrawals from this account are subject to specific conditions.

𝐄𝐏𝐅 𝐀𝐜𝐜𝐨𝐮𝐧𝐭 𝟐 is designed for various purposes, including housing, education, and healthcare. Here are some common withdrawal purposes and their associated eligibility requirements:

𝐀𝐆𝐄 𝟓𝟎
- One-time partial withdrawal
- All or Part of your savings in Account 2

𝐄𝐃𝐔𝐂𝐀𝐓𝐈𝐎𝐍
- Total tuition fees/outstanding education loan OR;
- Entire savings in Account 2 (whichever is lower)

𝐁𝐔𝐘𝐈𝐍𝐆 𝐇𝐎𝐔𝐒𝐄
- Below age 55
- Purchasing residential house
- Approved loan from recognized lenders or self-financed

𝐁𝐔𝐈𝐋𝐃 𝐇𝐎𝐔𝐒𝐄
- with Land Purchase or Owned Land
- Below age 55
- You/your spouse are purchasing a land and building a house
- Construction Agreement is dated less than three (3) years form the date of withdrawal application

𝐑𝐄𝐃𝐔𝐂𝐄/𝐑𝐄𝐃𝐄𝐄𝐌 𝐇𝐎𝐔𝐒𝐈𝐍𝐆 𝐋𝐎𝐀𝐍
- Below age 55
- Bought/built first or second residential house
- Registered owner of the property
- Have an outstanding housing loan with loan providers recognized by the EPF
- Application can be made once a year from the last withdrawal date

𝐇𝐎𝐔𝐒𝐈𝐍𝐆 𝐋𝐎𝐀𝐍 𝐌𝐎𝐍𝐓𝐇𝐋𝐘 𝐈𝐍𝐒𝐓𝐀𝐋𝐌𝐄𝐍𝐓
- Below age 55
- Bought/built a residential house
- Have an outstanding housing loan with an EPF approved loan providers recognized by the EPF
- Started paying monthly loan instalments

𝐅𝐋𝐄𝐗𝐈𝐁𝐋𝐄 𝐇𝐎𝐔𝐒𝐈𝐍𝐆
- Set aside part of the savings in your Account 2 to a Flexible Housing Withdrawal account
- When evaluating your loan eligibly, the financial institution consider your monthly EPF contribution as part of your income
- Higher loan eligibility means you can now afford the house you've always wanted!

𝐌𝐄𝐃𝐈𝐂𝐀𝐋 𝐄𝐗𝐏𝐄𝐍𝐒𝐄𝐒 / 𝐇𝐄𝐀𝐋𝐓𝐇𝐂𝐀𝐑𝐄 𝐄𝐐𝐔𝐈𝐏𝐌𝐄𝐍𝐓
- Below Age 55
- Medical costs are not fully covered by employer
- Illness/medical aid equipment are approved by the EPF
- Not receiving alternative treatments

𝐌𝐎𝐑𝐄 𝐓𝐇𝐀𝐍 𝐑𝐌 𝟏 𝐌𝐈𝐋𝐋𝐈𝐎𝐍 𝐒𝐀𝐕𝐈𝐍𝐆𝐒
- Below Age 55
- Flexibility to withdraw and manage excess savings on your own

It is advisable to refer to the EPF's official guidelines, consult with relevant authorities, or seek professional advice to ensure compliance with the specific eligibility criteria for your intended withdrawal.

𝐂𝐎𝐍𝐒𝐈𝐒𝐓𝐄𝐍𝐂𝐘 𝐀𝐍𝐃 𝐏𝐀𝐓𝐈𝐄𝐍𝐂𝐄

I come across a lot of my clients and friends who ask me this question:

"Yee Xiong, why I start investing and the stock market goes down?"

"You want a good return? You need to be patient enough and invest consistently. It's the same as what I tell you about fitness journey."

𝐈𝐍𝐕𝐄𝐒𝐓𝐌𝐄𝐍𝐓 𝐀𝐍𝐃 𝐅𝐈𝐓𝐍𝐄𝐒𝐒

There are no shortcuts when it comes to investment and fitness.

You can't wait for the market on bull run to start to invest;
You can't wait for some magical workout to transform your body.

It's about consistency and patience,
even when you feel lousy or bad performance,
Some days will be great; some days will be bad.
But you have to put in the work, do the correct way, and trust the process.

If you want to be fit, you need to deal with pain and sore;
If you want to earn money, you need to deal with risk and loss.

In the long term, you will improve, and you will see the result.

𝐌𝐎𝐑𝐀𝐋 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐎𝐑𝐘

You can't expect to invest today/start workout today and be rich /grow muscle or slim down body in short period.

If you do it in the right way, be consistent and patient enough, a favorable result will come to you.

It's all about 𝐂𝐎𝐍𝐒𝐈𝐒𝐓𝐄𝐍𝐂𝐘 and 𝐏𝐀𝐓𝐈𝐄𝐍𝐂𝐄

𝐈𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠 𝐯𝐬 𝐓𝐫𝐚𝐝𝐢𝐧𝐠

The fundamental for investing and trading is same: to make money

We always confuse with investing and trading, sometimes we might use the wrong concept to treat our investment like a trading. That's where a lot of investor losing money because of:

1. Influence by bad news from media
2. Follow the crowds
3. Not clear with own investment goals
4. Think we are able to easily make money from the market by buying low selling high

Always seek for professional advice to understand where is your standpoint when come to investing, make clear of your investment goals, your target return and level of risk you can take

Successful investing is about managing the risks, not just focus on the profits

The more you understand your investment style, the better decision and profit you can make

买保险，买基金，买投资，买买买！买了什么真的适合自己吗？
👉 丢掉不必要的包袱，让你的钱为你赚钱！

想要好好地记录自己的现金流，却不知从何开始？想记账，记下记下就记不了。结果账记不了，反而越记越气馁？
👉 轻松开始，富足现金流！

其实我们不是没有钱！只是我们的钱在睡觉！想要找出那些懒惰的钱？
👉 是时候让口袋里的钱动起来！

原本以为出粮了，有点钱可以奖励自己。哪知道还没吃没喝，就要先还车贷，房贷，保险等费用，好负担啊。
👉 有＂康头＂可以减轻些负担!

【让我们一起来挖掘逃出老鼠圈的秘诀！】

点击这里 https://forms.gle/yEKbLoWiRXu33Pxt9 来报名！

我们星期六见！

据说社会上有80%的人不知道如何处理自己的财务，更加没有时间自己去研究。

其实不是不想处理好，而是他们不了解，你是不是也是其中一个lehh？

❌懒惰资产太多（定期存款），但是定期存款利息往往抵消不了通货膨胀
❌花太多钱在不必要的花费，导致每个月的现金流不够
❌东投资一点，西投资一点，到头来才发现回报率比银行还低
❌朋友介绍赚钱的康头， 最后烧到手

其实啊，想知道如何正确理财，邀请您来听听1个小时的 【对理财没概念，不懂如何开始？】线上分享会🥳
日期： 20/08/2022 星期六
时间：早上11点 - 下午12点

点击这里报名
Register Link: https://forms.gle/JJCgaCXxFxTsVLcz9

俄乌开战，你也部署了投资攻略?

日期：2022年2月27日 (星期日)
时间：中午12点半, FB Live

1. 股票市场会崩吗？
2. 投资机会还在吗？
3. 如果现在投资，利与弊？
4. 是否提高现金在手？
5. 对于投资亏损的投资者，有什么建议？

主讲者：
Jordan Peh
FAR, CMSRL,RFP,MDRT
Licensed Financial Adviser

Lee Yee Xiong
FAR, CMSRL, RFP, MDRT
Licensed Financial Adviser

Moderator: Priss Yap

想要了解市场动态的，我们约定你们！

FB Live 链接：
https://www.facebook.com/Jordan-Mayvis-Your-Financial-GPS-1067902956677419/