DSH Wealth

05/01/2024

Unlock financial success in 2024 by setting SMART goals: Specific, Measurable, Achievable, Relevant, and Time-bound – paving the way for a more secure and prosperous future.

Here are some SMART financial goals to set in 2024:

1. Build an emergency fund

Building an emergency fund, a crucial medium-term financial goal, provides peace of mind and financial flexibility to handle unforeseen expenses, suggesting a gradual savings approach to eventually cover three to six months of expenses, emphasizing the importance of easily accessible accounts over locked investments for quick access during emergencies.

2. Consult a financial consultant

Consulting a financial consultant is valuable as they can guide you in choosing reputable and relevant financial courses, ensuring that you acquire the necessary knowledge in saving, investing, and taxes to shape your financial future, and providing personalized advice on courses, including options for one-on-one coaching, to enhance your financial education.

3. Use credit card rewards

Loyalty to specific stores or travel preferences can be rewarding through credit cards, accumulating points for purchases, offering options for merchandise, travel, or cash back, and tailored programs to enhance benefits for loyal customers.

4. Catch up on unpaid taxes

Settling any outstanding taxes, potentially with the assistance of an accountant or online tax software, is a crucial goal for 2024, as filing late incurs penalties that escalate with time, emphasizing the importance of timely tax returns.

5. Hire a financial planner

Engaging with a fee-only financial planner, who charges a flat or hourly rate without relying on commissions or imposing minimum net worth requirements, can provide valuable sessions focused on comprehensive financial planning or specific issues, helping individuals clarify goals, make informed decisions, and create organized, personalized plans.

6. Start investing

Investing is arguably the best financial gift for your future self, offering the potential for growth through compounded interest, and whether through low-risk options for specific goals or diversified ETFs, navigating the risk/return tradeoff, consulting a financial advisor and staying informed can empower individuals to start investing wisely.

7. Get insured

Critical illness and disability insurance offer financial protection in case of injury or chronic illness, with disability covering a percentage of your salary during extended inability to work, and critical illness providing a one-time payout for specific diagnoses, particularly beneficial for self-employed individuals or those without spousal health coverage.

02/01/2024

Wishing everyone a simply amazing 2024 - one filled with more joy, more laughter, more happy moments, and more smiles than 2023 - and striving to make THESE our goals - EVERY SINGLE DAY!

16/09/2023

As we celebrate Hari Malaysia, let's reaffirm our commitment to preserving the spirit of Malaysia Act 1963 (MA63), ensuring that every Malaysian can thrive and contribute to our shared prosperity. Unity has always been at the heart of our nation's strength. It's the tapestry of cultures, languages, and traditions that makes Malaysia truly unique and beautiful. Let's stand together, united and strong, for a brighter and more inclusive future for all.

Selamat menyambut Hari Malaysia. Marilah kita bersama-sama memperingati semangat dan perjuangan pemimpin terdahulu dalam memastikan pembentukan Malaysia melalui Perjanjian Malaysia 1963 (MA63). Mari bersama-sama bersatu dalam menjaga keharmonian anak bangsa kita demi masa depan yang utuh dan menyeluruh tanpa mengira warna kulit. Dirgahayu Malaysia.

Selamat Hari Malaysia,

11/09/2023

Hey Good afternoon and wish you a happy Monday 👋 Are you looking to take your career to the next level? Well, I've got some insider tips for you, straight from my own experience! 🌐

We all know that the professional world is evolving faster than ever, and staying ahead of the curve is essential. 📈 Here are some insights to help you make that switch from a follower to a confident entrepreneur and leave a lasting impression to your friends and colleagues:

Remember, I've been there, and I know that making these changes can be challenging. But trust me, the rewards are worth it! 🙌

Now, over to you! Have you made any significant changes to your working style? Share your experiences in the comments below. Let's learn from each other! 👇

11/09/2023

Investor alert list from Securities Commission Malaysia (Suruhanjaya Sekuriti) : List of unauthorised websites, investment products, companies and individuals

The public is advised not to make any investment with companies/individuals that are not licensed or approved by the SC.

31/08/2023

Happy 66th Independence Day, Malaysia! Let's celebrate the spirit of unity, diversity, and progress that defines our nation. From the rich tapestry of cultures to the breathtaking landscapes, today we stand proud as Malaysians. Here's to the past that shaped us, the present that unites us, and the future that awaits us. Merdeka!

Selamat menyambut Hari Kebangsaan yang ke-66 kepada seluruh warga Malaysia. Marilah kita bersama-sama merayakan kesatuan dalam kepelbagaian. Tetaplah berbangga sebagai warga Malaysia yang telah mengharungi pelbagai perubahan lebih 6 dekad ke belakang ini. Demi Malaysia, Merdeka!

30/08/2023

According to The Securities Commission Malaysia (SC), there has been a sharp surge in reports and inquiries regarding illicit operations and fraudulent activities since the onset of the COVID-19 pandemic in 2020. The number of complaints received by SC:-

Ø 2020 ->1,799 complaints.
Ø 2021 -> 3,475 complaints
Ø 2022 -> 2,461 complaints.
Ø As of the first half of 2023, the tally of complaints stands at approximately 1,670—roughly 60% of the total complaints recorded in 2022.

28/08/2023

Takeaways from last week's Annual Signature Financial Planning Symposium 2023 by Dato’ Seri Dr. Awang Adek Hussin, Chairman, Securities Commission Malaysia :
1. Malaysia's economy has continued its recovery path after COVID-19 with an expansion of 4.2% year-on-year GDP growth in the first half of 2023.
2. Malaysian economy is currently more than 6.0% above 2019 real GDP levels and is expected to remain on a steady growth path of between 4-5% in 2023.
3. Between 2015 and 2022, the number of financial planning firms increased by 42%, from 31 to 44 firms (as of end 2022). And number of licensed representatives grew by 145% over the same period to 1,455 as at end 2022.
4. The evident growth has been facilitated partly by initiatives championed by FPAM as part of the financial planning industry’s 3-year Joint Action Plan.
5. The SC will empower firms and consultants to deliver more comprehensive wealth management offerings across the capital market and financial sectors.
6. Two financial planning firms have been selected to receive the DIGID awards, a co-funded innovation fund for projects that employ technology to offer new competitive propositions for the Malaysian capital market.
6. To attract more talent, the SC will be hosting the Financial Planning Day in October 2023 to showcase the financial planning industry and firms to university students.
7. Licensed financial planners can capitalise on the announced policies that will facilitate the setting up of family offices in Malaysia

28/08/2023