CASE STUDY OF PATRICK GROVE

Patrick Grove, 46; #33 among Malaysias 50 richest on Forbes; The cofounder and group CEO of Catcha Group is one of the regions savviest internet entrepreneurs. Considered by many to be the pioneer of Malaysias digital economy, Grove is the driving force behind streaming service iflix, automative portal iCar Asia and media company Rev Asia; he also founded iProperty, Southeast Asia's leading property portal, which he sold in 2015.

For this year Patrick Grove hired you as his personnel financial planner. He required you to calculate for his retirement proposal with the following information. He would like to know how much he will get at the end of year 20.

Criteria	Proposal 1
Plan AAA	Multipurpose plan (Saving and Investment) with reward of good habits and access to Global funds to maximize investment.
Term	5pay20 plan (Saving every year for 5 years and enjoy the benefit for 20 years)
Annual Contribution	RM 50 000 up to 5 years only.
Guaranteed by investment provider
Investment Booster	Expected to receive and reinvested End of year 2 to 5 = 5% of annual contribution End of year 6 to 11 = 10% of annual contribution End of year 12 to 19 = 15% of annual contribution
Maturity Booster	Received at end of year 20th 200% of annual contribution.
Savings Booster	40% of annual contribution (Payment is up to date and no withdrawal)
Account value	25% of annual Contribution + any regular top up invested during the duration of the plan
Non-Guaranteed based on the market return
Averaging market return	XXXX Islamic Global Fund = 20% every year.