Photo by: Mr. Adenan Hashim |
When we talk about funding our children for their higher
institution education, what normally comes in mind is PTPTN or MARA. Is there
any other source besides these two?
However, both PTPTN and MARA is in a form of loans. Our
children (or might be us, parents, might happen ) will have to pay back the
loans after they have graduated, except
for MARA, provided that they really extremely excel in their studies like score
4 flats… huhuhu (should have faith in them).
What I am planning is actually,
on having a fund, enough for
the education fees and whatever necessary related to their studying. Wow… so
ambitious! Ehehe… Is it possible? For me?
Well, it never occurred in mind before, until I was
introduced to a plan by my brother Razi Rithaudeen last month, in early
December. It’s some sort of investment plan where you invest an amount of money
or rather BUY shares at the selling price and let it rise to the amount where
you can SELL the shares and profit from it. Sigh.. this is not in my field of
knowlegde – don’t really know how to describe it.
However, at the time he introduced the ‘thing’, the price of
the share is USD0.287 per unit. He told me that if I buy the shares for USD500
or RM1750 (as for RM3.50 per USD1), an estimated amount of profit I would get
for selling the shares after 10 years is around USD216,252 or equivalent to RM690K more or less (depends on USD
conversion rates to RM at that time).
Click Image to Enlarge |
Now, it is 2014 – in ten years, which is in 2024, I would
have more or less RM690K for my children’s education fund. Hope, it’s enough. Thinking
of the current economic conditions, with the rise of cost of living, inflation
and all sort of things, it’s really hard to say, how much is enough.
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