與時拼經．樂齡銀行戶頭價更高 年利息較高

退休不是人生的結束，而是另一生活里程碑的開始，那備好的籌碼又要如何運用才足以應付那麼長的老年時期？

考的是應對智慧。

風險承擔能力偏低，失去工作能力的老人們已無法從頭來過，又要應付通脹，又要為養老金築起防衛牆。

年利息較普通戶頭來得高的樂齡儲蓄戶頭或定期存款戶頭（簡稱定存），也許是退休財務規劃的另一個不錯選擇。

通常退休時，老人都會一次性取得一筆可觀的退休金，那該怎么確保這筆錢足以應付通脹、貶值及這么長的退休生活費？

邁利財務規劃董事經理張梅香在回答《中國報》記者提問時指出：“如何規劃退休后所獲得的那一大筆錢是非常重要的，但還是那句老話，別將所有的雞蛋放在同個籃子里。”

她說，樂齡儲蓄或定存戶頭或是其中不錯的選擇，畢竟風險相對較低，老人或可將大部分存入此戶頭。

綜合資料后發現，樂齡銀行戶頭整體利息（最低介于0.1%至2.8%），比較起市場上普通的儲蓄戶頭（最低介于0.1%至約0.9%）年利息相對來得較可觀。

就以最具看頭的艾芬銀行樂齡戶頭為例，只需區區5000令吉的開戶頭要求，就可享有高達2.8%的最低年利息，存放50萬令吉及以上，享有的年利息更可高達3.1%。

比較起普通的存款戶頭，需存放1000令吉以上方享有0.25%年利息，有者存款額更需1萬令吉及以上才會發給0.1%的年利息，樂齡銀行戶頭顯然更具吸引力。

基不可失．定期定額懶人投資法

文：伍咏敏


相信不少人聽過“定期定額”投資法，基金投資者對這種策略尤其熟悉，然而又有多少人會採用這種策略去投資呢？

定期定額投資是好方法，但需要長時間，而且目標不能在短期內隨意更改。

雖然大家都知道定期定額投資法，是好方法卻不願意遵循，因為它有2個缺點，一是需要長時間才能看出效果；二來投資回酬率不夠高。不少人投資時，缺乏耐心。

惟專家指出，有紀律的定期定額投資法，是最簡單的長期累積財富法。

若沒有太多時間放在投資活動上，卻又想通過一些投資工具讓自己的財富增值，只要設定長期目標及衡量自己所能承擔的風險后，定期定額投資法就是一種懶人投資法，定能為您帶來想要的回酬。

定期定額投資法能在長時間內，平均一個人的投資成本，而且經過長時間，通過市場起伏累積一定單位數量。

所累積的單位在長期內增值后，個人財富也會隨著增加。

雖說，定期定額投資法是最簡單的長期累積財富法，但一碰上金融風暴，股市動盪，投資者就反應過敏。

像美國次級房貸金融危機引發的連鎖效應，使得2008年全球金融市場的投資信心不振，甚至開始懷疑定期定額投資法還能繼續嗎？

Asset Allocation - End of March

Portfolio review for Q1 2011 has been way overdue and I would like to apologize for the delay in updates to my portfolio holdings and its performance. Based on my investment objectives for 2011, I've made significant changes to my unit trust portfolio.

At the beginning of the year, I've sold of Hwang-DBS Global Emerging Fund (HGEMF), Pheim Income Fund (PIF), Hong Leong Global Value Fund (GVF) and AmOasis Global Islamic Equity Fund (AmOasis) even though the first two funds have been generating positive returns to me. I've sold off HGEMF and bought AmGlobal Emerging Markets Opportunities (AmGEMO) because its comparative performance to HGEMF but with much lower sales charge at 2% on Fundsupermart online platform. I've also sold off PIF to concentrate on PB Fixed Income (PBFI) and AmDynamic Bond (AmDynamic) funds as my core fixed income holdings. As for GVF and AmOasis, I've hold these two funds for two and three years respectively and they have been underperforming their peers in the global equity and global islamic equity funds. Therefore, I sold off these funds at a small loss.

Battle of the Online Unit Trust Platform - Fundsupermart Malaysia vs eUnitTrust

I'm have been an active users for both online unit trust platform available in Malaysia currently - Fundsupermart Malaysia (FSM) and eUnitTrust (eUT) for the past two years. Both platforms offer the sales of selected unit trust funds with discounted sales charges. Typically, the sales charge for equity funds sold in these platforms, and the sales charge for fixed income funds ranges from 0 - 1.5%.

However, I prefer FSM over eUT for the few reasons highlighted below:

1. Promotions: FSM always have thematic promotions for funds with even lower sales charge (1 - 1.5% for equity funds) from time to time. I have yet to see eUT platform offer such promotion.
2. User-friendly platform: The whole web site is fairly easy to use for an average computer literate user. For eUT, the layout seems to be cluttered and "old fashioned".
3. Wide selection of funds: Admittedly both platforms have quite similar range of funds available online. As of to date, FSM has 147 funds and eUT has 143 funds for sales online.
4. Payment methods: FSM offers wider range of payment method, ranging from Cash Management fund, cheque deposit, funds transfer and Internet bill payment. Currently, you can directly pay for your purchases from your CIMB and HLB bank account. eUT does not offer Internet bill payment facility.
5. Live Help: If you need help, just buzz Live Help for real time help from FSM helpdesk. I find this very useful especially for beginners where you will get help from a person, rather than just shooting email to support.
6. Research: FSM chunk out tons of research reports and papers to analyze current economic and market conditions. Admittedly, some of the papers are skewed towards promoting their funds/investment themes. But, hey it's a willing seller willing buyer market here....so no offence to me!
7. Forum: FSM has an online forum where fellow investors can discuss and share their knowledge on investment topics, although the forum is currently not as active. eUT does not have such feature.

The only disadvantage of both platforms is the limited selection of funds from popular fund houses such as Public Mutual, Hwang-DBS, MAAKL Mutual and etc. These fund houses focuses their selling efforts via their agents and hence the lack of motivation to offer online discounted sales charge.

So, why pay 5 - 6.5% sales charge where you can get most of the funds online at 2% sales charge or even lower? Remember, the basic rule of investments: keep the investment costs as low as possible to stay profitable!