Are you looking forward to a financial free retired life? Include bond as one of your must have retirement planning and funds. For your information, savings bonds are debt securities issued by the government, they are considered one of the safest investments because it is very unlikely a country would collapse or dissolve, therefore making the investment recession proof with a guarantee profit, albeit not much.
Bon Simpanan Merdeka 2009 (BSM) issued by Bank Negara Malaysia is available from 18 Feb to 17 March 2009. Buy the bond at one of these commercial banks – Islamic Banks, Bank Kerjasama Rakyat Malaysia Berhad, Bank Simpanan Nasional and Bank Pertanian Malaysia Berhad (AgroBank). The government guarantees:
- 5% Profits per annum
- Paid monthly
- Tax-Free
BSM 2009 Features:
- The bonds will have a maturity of 3 years
- Minimum investment RM1,000, Maximum RM50,000
- No penalty if bonds are redeemed before maturity, after the first profit payment
- Based on Shariah principles
Eligibility:
- Malaysian citizens aged 56 years and above
- Malaysian citizens who are retired on medical grounds regardless of age
Interested in investing for your future? For more information, click here. What are bonds? According to Wikipedia:
A government bond is a bond issued by a national government denominated in the country’s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The first ever government bond was issued by the English government in 1693 to raise money to fund a war against France. It was in the form of a tontine. Government bonds are usually referred to as risk-free bonds, because the government can raise taxes or simply print more money to redeem the bond at maturity. Source: Wikipedia
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