Archive for September, 2009
Thursday, September 24th, 2009
My friends had trouble getting to me. I couldn’t call my friends. My phone network is searching all the time. I even took my mothers phone to try my sim card on it. I thought it was my sim card problem and finally made a conclusion that i need to change my phone!
I thought my phone was a goner! Guess what, after reading through Lowyat.net, my worries is all but gone. It is confirmed that Celcom user around Malaysia is having connection problem as well.
I wanted to call the Celcom customer careline 1111 but couldn’t get through as well because the network was down. Calling 1111 from our mobile is free.
After couldn’t get through i was finding other alternatives to get to customer care and found out that i can get connected to them by calling 1300 111 000 (Not free with a 30 cents charge per minute). Luckily i didn’t call as i check Lowyat.net on time.
Now the thruth is out that Celcom is having major service breakdown. My phone is in good condition and i wouldn’t need to change my phone.
So when will they fix the problem? Still unknown as the Celcom Call Centre has also crashed due to the high traffic volume.
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Posted in Ramblings | 4 Comments »
Thursday, September 24th, 2009
Ever wondered what is the easiet way to get a job? Think no more as David Rowe shared with us on the best way to get a job! David Rowe is a graduate desprate for a job went walking around Central London with a sandwich board asking to be hired.
David Rowe was so desprate that he told would be employers that he will work for free the first month or work for the first month and then get fired in the second.
With increasing debts, David Rowe failed 40 job interviews. It was surely disheartening to be rejected that many times.
Anyhow, with his daring move, David Rowe did manage to find a job with Parkhouse Bell. Mr Walker of Parkhouse Bell likened David Rowe boldness of his act. Mr Walker also likes Rowe’s ability to put his pride on his chest.
So for those of you looking for a job and are still jobless until now, waste no time and get yourself a sandwich board and hang around you neck. Go to the extend of working for free for the first month.
Do not be picky with your job selections as it’s getting tougher and tougher to find good jobs now a days. Give it a try and you might just land a job like how David Rowe did!
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Posted in Ramblings | No Comments »
Wednesday, September 23rd, 2009
Ever wondered how you can make your money last longer? It is essential to prolong the lifespan of you money during tougher times especially during recession. In short, you should make your money stay with you longer in down times.
Having a stable income
Your income is ample to cover those basic expenses for your family. Retrenchment is a no no as by loosing your job you will loose your income. When you loose your stable income, you have to dig from your reserves.
Income growth beating inflation
Pray that your company pays you an increament and be thankful if your increament beats the inflation. If not, you have to spend more as prices of goods increases.
Liquidity in having cash
You will never know when the storm will come, just like the recession. During stormy times, the faster you can get on hold to cash, the longer you will survive. Imagine being out of work for 6 months and having no access to cash. Nobody pays you by counting sheeps!
Don’t spend unnecsarily
Do not buy things or goods that is not important. Basic expenses should be given priority. Keep your ego and lust for spending at bay. Your Louis Vuitton bags cant help you when you are hungry. Your new Nike shoes couldn’t help whenever you are thristy. So spend wisely.
Have enough protection
Its important to have adequate protection especially on the health and life section. In short, having a insurance policy which is ample to cushion you when you are not able to work when mishaps happen. You wouldn’t want to be digging on your savings or your emergency funds just to fix your health during bad times right?
Let your money stay longer by your side during touch times. You will know the importance of it when facing an economic down turn.
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Posted in Wealth Management | No Comments »
Wednesday, September 23rd, 2009
We often hear people saying we should buy a house because it’s an asset. My dad used to tell me that when i was young and is still telling me now that buying a house is an asset not a liability.
Maybe when i was younger, i would agree with my dad’s statement but not now. A house is a liability unless it’s generating income for the property owner.
Why i say buying a house is a liability? It’s plain simple. I will just do a simple case study on it.
Case I
Mr. Ali buys a house. The house is use as a residential house where Mr. Ali stays in the house with his family. Most people will take a house loan of around 20 years.
As we all know, a residential house does not generate any income to Mr. Ali. He is paying his loan, eletricity bills, water bills and so on. In short, he is not making any money from his house.
How could we call the house bought by Mr. Ali as an asset?
Case II
James bought a house. James does not stay in the house but is renting his house away to others. With this, James is generating income and making money from the purchase of his house.
With this, we can say that James bought the house as an asset and not liability.
Conclusion
Buying a house can be an asset in a certain prospect or vice versa. In this scenario, Case I is a case where a house is a liability whereas Case II is a case where buying a house is an asset.
So do you all agree with my statements? Comments are welcome!
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Posted in Wealth Management | 5 Comments »
Monday, September 21st, 2009
To be an investor, it’s crucial to know your risk tolerance. Risk tolerance is the amount of uncertainty that an investor can accept or handle to a drastic change in the value of your investments.
There are basically 4 categories of risk tolerance for investors.
(more…)
Posted in Wealth Management | No Comments »
Thursday, September 17th, 2009
I have sold all my 3500 METROK shares at the price of 1.24 yesterday on 18th September 2009. From my previous post of Metro Kajang, my average price for METROK is around 1.04 which a total exact value of RM 3692.09
(more…)
Posted in Equity Markets, Investments, Stock Pick | No Comments »
Wednesday, September 16th, 2009
Genting Singapore latest announcement of every 5 shares able to buy 1 share will be a good opportunity for me to add on to my number of Genting Singapore shares.
(more…)
Posted in Equity Markets, Investments, Stock Pick | 1 Comment »
Wednesday, September 16th, 2009
Genting SP announcement for right issue did caught many investors by surprised. Genting Singapore announced that they will be having a rights issue to raise $1.63 billion.
(more…)
Posted in Business News, Equity Markets, Investments, Stock Pick | No Comments »
Tuesday, September 15th, 2009
Buying an insurance policy is essential now a days. It is a good form of protection when problem arises. I will not go into details on what sort of policy you should get but there are a few things you need to consider whenever you purchase an insurance policy.
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Posted in Insurance | 4 Comments »
Sunday, September 13th, 2009
To be honest, i have known about the share market in my early days already. My parents were kaki share market. I can see them with their TV with the teletext watching it closely all the time.
I guess from there, i started to love or get to know about share market. When the share goes up, i got new toys when the shares goes down, i didn’t get any presents. That’s how it was maybe 15 years ago.
(more…)
Posted in Equity Markets, Investments | 1 Comment »
Sunday, September 13th, 2009
It is everybody’s dream to be financially free. Who does not want to be financially free? When people reaches financial freedom, most problems involving money can be solved.
This will definitely kill off those headaches of money not enough every end of the month or have to eat bread for 15 days in a month just to settle debts.
(more…)
Posted in Wealth Management | 4 Comments »
Sunday, September 13th, 2009
I came across a comment from GLA in my Lion Corporation - Dying together with it’s kids asking for the meaning of PN4 and PN17.
PN actually stands for Practice Note. Basically companies that are classified as PN4 and PN17 are companies that are facing financial difficulties.
So people might ask what’s the difference between PN4 and PN17? In short if any of the shares or companies that you are investing are classified as PN4 and PN17 you better be careful as they might just go into orbit anytime.
The differences between PN4 and PN17 is very simple. Ill make it a kampung way style to explain the simple differences.
PN17 - Having financial difficulties. It’s like having cancer at stage 1 with higher chances of be declassified as practice note as compared to PN4. In other words, still a chance for reversal.
PN4 - Having financial difficulties and it’s a cancer problem at stage 4 with super low chances of recovery. Not impossible but very hard. In other words, this company is going to “holland”
So i hope my simple explanation of PN4 and PN17 did help clear some doubts.
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Posted in Equity Markets, Investments | 2 Comments »
