Your child’s education fund:
Will you pass with flying colours?
While no child is alike and each family is unique, a common thread runs deep in the heart of every home – the desire of parents to give their children the best education possible and see them grow into their full potential. However, life is full of unplanned surprises and the path to achieving this desire may be a convoluted one. That’s where a sound investment strategy comes in. With flexible planning and a suite of investment options that are available, you may help put your child on the journey to a valuable college degree. Here are a few tips that may help kick start your planning:
Disclaimer: Investors are advised to read and understand the contents of respective product offering documents or prospectus before investing.
Among others, investors should consider the fees and charges involved. The price of units and distributions payable, if any, may go down as well as up.
Let’s take a look at the tale of two families* and see how they use these smart investment tips and different options to help them reach their child’s education goals. Look for the icons along their journey highlighting the planning tips they used.
* All characters appearing in this article are fictitious. Any resemblance to real persons, living or dead, is purely coincidental.
Is an overseas education worth it?
Jobstreet.com, one of the leading recruitment agencies in Malaysia conducted a study* of more than 100,000 JobStreet.com members in Malaysia who held a Bachelor degree and are currently working in the country. From the study, JobStreet.com discovered that graduates from overseas* universities on average earn about 12 percent more than local graduates. “The salary gap is most apparent among those with up to five years of work experience. Overseas graduates are earning a significant 20 percent more than their local counterparts. Even after 10 years or more of work experience, the gap is still more than 10 percent,” the report states.
* For this research, the term “overseas” refers to the top three most popular overseas destinations for tertiary studies – Australia, Great Britain and United States – and includes twinning programmes.
Source: Jobstreet.com, “Graduates of overseas universities fare better than local grads in salary scale”, 15 April 2008.
Start planning today for your child’s education tomorrow.
Build your child’s education fund with our new Takaful Education Plan or our wide range of investment and protection plans. Talk to your Relationship Manager if you are interested in creating an investment portfolio for your children’s education.