By Nova Lui on
3/16/2008 6:29 PM
I am glad that more and more of my friends are getting more financial savvy now. Last week I met a friend whom told me he wants to have a huge amount of money (eg RM500K) and retire for good. Some times we just want a simple life. Imagine if you have RM500K and invest into a very safe investment which gives you 10% return per annum, only from your return from investment you will have about RM4K to spend every month. By that time, working is just a hobby. :)...
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By Nova Lui on
3/16/2008 6:28 PM
ahooWhat is hedge fund? Fund that can be used for hedging? No no no my dear. Basically hedge fund is very close to being a mutual fund (aka unit trust). The main different is that hedge fund is not regulated by the local investment regulatory authorities. In our case is the Securities Comissions (SC)...
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By Nova Lui on
3/16/2008 6:27 PM
Malaysian stocks fell the most in a decade after the ruling coalition's worst election result in fifty years put Prime Minister Abdullah AHmah Badawi's position in doubt and raised questions about his spending program...
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By Nova Lui on
3/16/2008 6:26 PM
I had come across friends, whom refuse to accept the PTPTN loan or some whom actually borrow from their parents to settle off all the PTPTN loan as soon as after their graduation.
Some doesn't even pay which I had read in newspaper about some local self made millionaires in Malaysia whom hasn't pay off their PTPTN. Please do not do that.
Anyway a few simple issue that I wish to share with you are below:-
1) Why you should accept the PTPTN offer
PTPTN is consider the cheapest source of financing that you can get. Refer the table below. There is none financing products that offers you a loan at 4%. More over getting a PTPTN loan is only once (or max twice) in your life time. Not ...
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By Nova Lui on
3/16/2008 6:25 PM
Its a bit of conflict for myself to invest via my EPF monies. I guess EPF is doing a OK job for our investment money. I wouldn't say it's extremely well but at least every year we get more than 5% return pa. EPF had announced the dividend distribution of 5.8% for the investment of last y ear. Even 5% is already more than the return of fixed deposit standing at 3.7%. Don't forget your EPF monies are in one way or another capital guaranted.
Please don't use your EPF monies to invest into pure bond fund. Basically bond fund only gives you about 5%-8%pa and it's not guaranteed. There are bond funds that can lose up to 30% of it's investment. Don't forget about the sales charge too. Why take the risk to invest into a product that gives a non guaranted return of 8% when you can put it into a safe heaven that consistently gi ...
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By Nova Lui on
3/16/2008 6:24 PM
I am considering this product. I had done some review on it. Actually I had read it many times before, just thinking maybe I can share some knowledge here with you...
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By Nova Lui on
3/16/2008 6:23 PM
Chinese New Year is always my best opportunities to catch up with my friends especially those from secondary school. Most of us have been in the labour force for 3 years while there are a few whom just graduated. Suddenly “Hi Nova I am just wondering, am I taxable? When should I declare tax?” …. Ooohhh suddenly it hit my mind that this question has been asked many times before. So I decided to include my answer in this blog...
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By Nova Lui on
3/16/2008 6:22 PM
Hi all, you have to be very careful when you do balance transfer. I was earlier kinda keen on this product but when I know the actual T&C, it really pull me off...
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