A Personal Financial Planner for Malaysian
1.1 Background of Study
The job of Personal Financial Planner is the development and implementation of total,coordinated plans to achieve and to assist user in planning of finance. Personal FinancialPlanner provides estate, tax, retirement, risk management and investment planning adviceindividuals and closely held entities. It is specific for Malaysian especially those youngworking Malaysian who have no much experience in financial planning.
Most people use various financial tools as common stock, bonds, mutual funds, insurance,fixed and variable annuities, money market accounts, certificates of deposit, saving accounts,individual retirement accounts, qualified retirement plans and other employee benefits, personal trusts, and real estate¶s may be elements of soundly conceived financial plans. Alsoinvolved in the planning process is the development of personal financial polices to helpguide a person¶s financial operations. In financial planning, people make assumption aboutthe current economic climate and what holds for the future.
History of Malaysian
The name Malaysia was adopted in 1963 when the existing states of the Federation of Malaya, plus Singapore, North Borneo and Sarawak formed a new federation. Prior to that,the name itself had been vaguely used to refer to areas in Southeast Asia. A map published in1914 in Chicago has the word Malaysia printed on it referring to certain territories within theMalay Archipelago. Politicians in the Philippines once contemplated naming their state"Malaysia", but in 1963 Malaysia adopted the name first. At the time of the 1963 federation,other names were considered: among them was Langkasuka, after the historic kingdom