Broker Dealer
Last time I have invested some money in unit trusts but lost cash in the process. And since then, I never believe in allocating my money for the fund managers to manage. Moreover, they charge quite a lot of transaction fees as brokerage amount. If I were to invest in the share market, I will probably use the internet with a share market account linked with my local bank. Independent broker dealer may charge some amount for their work done for you. You can also check out Independent financial advisor or Broker dealer if you need such services.
I am thinking of investing in Maybank shares instead of buying auction property in Kuala Lumpur due to its illiquid nature – you cannot sell your property within 5 years – otherwise you have to pay the government 5% property gains tax which will eat into your profits. Moreover, if I were to sell the auction property later on, it might be a bit difficult as I may have to travel frequently to KL and meet up with potential house buyers.
I plan to buy some shares and put them in for at least 10 years – not checking on them and not speculating unlike the short term investors. This way, the money will grow and help to fight against inflation.
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