How i see the budget 2008:
Basically not for average income family like me.
Other things that i do not agree:
1. Drawing EPF Account 2 for Housing Loan installment.
EPF is meant for retirement, that is against the objective of the EPF. Secondly, only 30% of you income plus employer's contribution go to Account 2. Let say you are earning 4k a month, you contribute 11% and employer contribute 12%, total 23%. 4K X 23% = RM 920. RM 920 X 30% (acc. 2) = RM 276.00. Is it possible for you to keep on withdrawing money from Account 2 to pay your housing loan?
2. Minimum brokerage charge of RM 40.00
If i to buy share that cost me RM 1000.00 in this year, i need to pay RM 12 plus commission of 0.4% and RM 1 stamp duty. Total RM 13.40. If i sell at same value RM 1k, i lost RM 26.80.
That's means i need to sell RM 1030 in order for me to gain money.
Note: For stock price below 2k, you need to pay RM 12. For stock value more than 2k, times 0.6% brokerage fee. Stamp duty charge is based on the stock value you buy, exp: RM 999 is RM 1 stamp duty, if RM 1,999 is RM 2 stamp.
In year 2008, If i buy share cost of RM 1000.00, i need to pay RM 40 plus RM 0.30 (0.3% commission) plus RM1, total RM 41.30. If i sell at same value RM 1k, i loss RM 82.60.
That's means, i need to sell RM 1090 then only i gain few RM. How to invest then......
Which mean in year 2008, i need to buy RM 6,666.67 of share or else i need to pay "Extra" for brokerage fee.
This is not friendly for small investor like me.
One thing good on fighting Global Warming is Tax exemption for CER.
Basically not for average income family like me.
Other things that i do not agree:
1. Drawing EPF Account 2 for Housing Loan installment.
EPF is meant for retirement, that is against the objective of the EPF. Secondly, only 30% of you income plus employer's contribution go to Account 2. Let say you are earning 4k a month, you contribute 11% and employer contribute 12%, total 23%. 4K X 23% = RM 920. RM 920 X 30% (acc. 2) = RM 276.00. Is it possible for you to keep on withdrawing money from Account 2 to pay your housing loan?
2. Minimum brokerage charge of RM 40.00
If i to buy share that cost me RM 1000.00 in this year, i need to pay RM 12 plus commission of 0.4% and RM 1 stamp duty. Total RM 13.40. If i sell at same value RM 1k, i lost RM 26.80.
That's means i need to sell RM 1030 in order for me to gain money.
Note: For stock price below 2k, you need to pay RM 12. For stock value more than 2k, times 0.6% brokerage fee. Stamp duty charge is based on the stock value you buy, exp: RM 999 is RM 1 stamp duty, if RM 1,999 is RM 2 stamp.
In year 2008, If i buy share cost of RM 1000.00, i need to pay RM 40 plus RM 0.30 (0.3% commission) plus RM1, total RM 41.30. If i sell at same value RM 1k, i loss RM 82.60.
That's means, i need to sell RM 1090 then only i gain few RM. How to invest then......
Which mean in year 2008, i need to buy RM 6,666.67 of share or else i need to pay "Extra" for brokerage fee.
This is not friendly for small investor like me.
One thing good on fighting Global Warming is Tax exemption for CER.
No comments:
Post a Comment