I almost dropped out of my chair reading this. KUALA LUMPUR, Oct 9 – much speculation is bad for the house market Too, and buyers should have a longer-term view, said the Real Estate and Housing Developers Association of Malaysia (REHDA) today. This employs widespread problems that speculators or “flippers” were accountable for pushing up property prices faster than the level of income increase especially in cities, crowding out genuine homeowners and investors.
File photo of condominiums in Kuala Lumpur. Housing affordability was the true number one issue identified by the recent Budget 2013 online feedback gathering platform. “We, as developers, we also don’t want them (speculators) to come and buy to flip,” said Datuk Ng Sing Liong, REHDA’s past president, at a media briefing on the upcoming Malaysia Property Exposition (MAPEX) 2012 here.
“An excessive amount of speculation is no good. Ng also said that following the hike in real property increases tax (RPGT) announced in Budget 2013, the rate was now at a “healthy” level. REHDA treasurer N.K. Tong said he did not expect a severe impact from the RGPT hike as it could not impact long-term investors. “We want people to take a long-term view of property investment,” he said.
The RPGT was raised from 10 to 15 per cent for properties sold within two years and from five to 10 % for properties sold between two and five years from time of purchase. You will see no RPGT levied on properties sold after five years. Housing affordability was the main issue discovered by the excellent minister’s Budget 2013 online responses gathering platform, which ran from July 16-29, receiving almost 3,000 separate forms of feedback on this issue. MAPEX 2012, which is organized by REHDA, will be held from October 19-21 at MidValley Megamall. Based on feedback received from exhibitors, the exhibition shall have 2,119 units for sale worth some RM2.74 billion.
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- Certificates of deposit (CD’s)
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Ng encouraged people to go to the exhibition even if these were not going to buy as it was a way to teach themselves on property. He said they could go to free talks by experts as well as compare prices and offerings from some 70 developers. “Don’t hurry into the property,” he said.
Viewed during that lens, the fees are even more onerous for youthful traders, who lose years of compounding to such fees. Generally, investors should aim for funds which have no “load fees,” or fees paid exclusively for opening a position in the fund. They also need to look for funds with expense ratios below 1% — and the lower these are, the better. Obviously, if you your own investing, you don’t need to get worried about paying professional stock-pickers. However, there are still two expenses to consider: trading fees and fees.
As for trading costs, you should only buy stocks when the fee you pay for doing this is no more than 2% of your overall purchase. 500 for the reason that trade. Further, by taking a long-term, buy-to-hold strategy, you’ll maintain your trading costs very low. On the fees up front, there are several considerations to keep in mind.
It’s smart to put your first investment dollars into tax-advantaged accounts. 401(k) s or 403(b) s: They are offered by private and public employers, respectively. You’ll have fewer investment options with these accounts, but on the bright side, most employers that offer them will match a portion of your contributions as well. That’s free money that you should not turn down. 401(k) s and 403(b) s came in two basic varieties: traditional and Roth. In the entire case of the normal accounts, your contributions are deducted from your taxable income, cutting your tax bill for the existing calendar year. However, the withdrawals you make in retirement will be at the mercy of tax.