"📈 Managing RM10M in Unit Trust & PRS ☕ Coffee Lover ☑️ Open for Non-Active Portfolio Reviews 🌍 Traveling Across Malaysia for the Perfect Brew!"
Planning for my daughters Umaira & Hana My officemate has told me that his son is not eligible for scholarships and education loans. The reason is the combined salary of husband and wife is at the T20 level. Alhamdulillah, I got early awareness. So, I need to set up education planning for my daughters as soon as possible. Features education planning I am looking at are: 1. Easy to redeem 2. Time period of 15 - 18 years 3. Beat Inflation rate 4. Easy handling after I die (standby) There are a few portfolios that I need to consider: 1. TH savings, but that money is for the children to register for Hajj and go on Hajj. 2. ASB savings, I don't want to be bound by a debt commitment until my child enters university. 3. American funds, this is not a commitment. Anytime, I can stop and continue back. The return is worth it with moderate risk. 4. Saving gold, it's ok but I need to take into account the cost of the spread involved when selling anytime. 5. SSPN savings, I can get tax relief but only a normal return. No risk, right? But what if my son doesn't qualify for a loan? Hmmm *----------------- After being judged, I already choose option number 3 and number 5. Because it meets the characteristics I'm looking. Is there any other option? Please share with me..sharing is caring, right? Hafiz Zulkarnain
