Right now under my wife's account and then transfer to them when they are over 18(when they can open CDS account), cost is only 10.60 per counter regardless of value of shares.
I usually lump them in a separate account under my wife for now and just symbolically give it to my children, once they are not minors anymore you can transfer the shares to their name quite easily, much easier compared to transferring a property.
Hi John, which option would be a better choice: putting in SSPN or stock? How would you derive the minimum return required (aka opportunity cost) of putting in stock rather than SSPN?
@John Tang great question and rather than I share my opinion I'll ask questions for your own judgement. 1. Are you alright about not being able to determine the direction nor the investment philosophy of SSPN, in other words, you don't influence how they invest and therefore the results? Because by depositing in SSPN, you are basically, you are appointing PTPTN as your fund manager. Are you satisfied with their investment philosophy and transparency? 2. There are a lot of takaful benefits attached to it (more on SSPN Plus) therefore there's a HIGH possibility of a cost attached to the product (I've tried researching the underlying product structure but I drew a blank). So as a vehicle to grow wealth, are you happy to be paying "additional" and sometime unnecessary cost for other products like underlying insurance coverage? 3. EPF has a comprehensive annual report on their investment performance and their underlying asset allocation, up to the point of sharing their global positions in their top holdings. Based on my basic research, I can't even find the SSPN or PTPTN annual report that describes all these. Again the best person to answer that is yourself. 4. The annual dividends for SSPN are tax-exempt, eh... so is all dividends paid by listed companies in Malaysia, coz Malaysia practices a single-tier taxation system which means that it's already taxed at the company level and what you get is already the nett amount.
@@JohnHuoVUCA thanks for enlightening me on this. Other than considering the annual interest return and potential tax savings which SSPN gives, we also need to look into the fundamental of the governing body itself. Great thoughts and sharing 👍🏻👍🏻
Angpao overload problem for your account😅?
Good idea John.. 👌👌
Thanks for the great message.
Hopefully it benefitted you @Tan Lai Hock
Great content John! Very relatable 😂
Thanks for your feedback @Evan Ng
good idea John. When we give the stocks as a gift to others how do we meke the recipient to be the owner of the stocks?
Right now under my wife's account and then transfer to them when they are over 18(when they can open CDS account), cost is only 10.60 per counter regardless of value of shares.
Great idea! This is the first time i heard about givin stock as a present. But how to make it belong to the kids, can we make an account for them🤔
I usually lump them in a separate account under my wife for now and just symbolically give it to my children, once they are not minors anymore you can transfer the shares to their name quite easily, much easier compared to transferring a property.
Hi John, which option would be a better choice: putting in SSPN or stock? How would you derive the minimum return required (aka opportunity cost) of putting in stock rather than SSPN?
@John Tang great question and rather than I share my opinion I'll ask questions for your own judgement.
1. Are you alright about not being able to determine the direction nor the investment philosophy of SSPN, in other words, you don't influence how they invest and therefore the results?
Because by depositing in SSPN, you are basically, you are appointing PTPTN as your fund manager. Are you satisfied with their investment philosophy and transparency?
2. There are a lot of takaful benefits attached to it (more on SSPN Plus) therefore there's a HIGH possibility of a cost attached to the product (I've tried researching the underlying product structure but I drew a blank). So as a vehicle to grow wealth, are you happy to be paying "additional" and sometime unnecessary cost for other products like underlying insurance coverage?
3. EPF has a comprehensive annual report on their investment performance and their underlying asset allocation, up to the point of sharing their global positions in their top holdings. Based on my basic research, I can't even find the SSPN or PTPTN annual report that describes all these. Again the best person to answer that is yourself.
4. The annual dividends for SSPN are tax-exempt, eh... so is all dividends paid by listed companies in Malaysia, coz Malaysia practices a single-tier taxation system which means that it's already taxed at the company level and what you get is already the nett amount.
@@JohnHuoVUCA thanks for enlightening me on this. Other than considering the annual interest return and potential tax savings which SSPN gives, we also need to look into the fundamental of the governing body itself. Great thoughts and sharing 👍🏻👍🏻