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by mw2rp | Monday, April 23, 2012 in | comments (0)
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Monthly Review - December 2009 (-0.21%)
by mw2rp | Sunday, January 03, 2010 in Monthly Review | comments (0)
Floating Cash: 3,037
Fixed Deposit: 4,024
Shares: 11,005
Mutual Funds: 3,845
Total: 21,911
Past record:
November: 21,957
October: 21,872
This is an ongoing monthly review to keep track on my portfolio performing.Its still long term progress, any feedback is appreciated and may be incorporated into future monthly reports. The portfolio not covered:1) EPF.2) non-liquidity asset such as house, car etc.
October Highlights:
Stock performance KLCI: 1272.78 59.11 (+1.08%)
Share Portfolio: 11,005 (+0.05%)
- the model share portfolio not match to Composite performance.
It is common oversight in people not to take provision for the bad times while they are experiencing good times
~Machiaveli~
Most people have heard about online banking but probably haven't tried it their own. They still pay bills by mail and deposit checks at bank branch, much the way the parent did.
People are still more comfortable dealing with bankers or agent which they say "more human touch".
Internet banking uses today's computer technology to provide the option to manage our finances more quickly and efficiently.
Why we must learn to utilise internet banking:
Convenience:
It operates 7 days a week, 24 hours a day. Paying bills, money transfer, online share transaction etc. More and more service provided by the bankers which ease us managing our finance portfolio.
Fast:
It only takes around 5-10mins for a single transaction comparing to 30mins-1hrs drive to nearest bank, queing up for a simple transaction.
Access worlwide:
With a computer and internet access, you will be able to access to your bank account wherever you are.
Save $:
Most importantly, It save $$$, petrol cost, parking fee and especially your time (time = $$$)
Financial Quotes of the Day
by mw2rp | Wednesday, December 02, 2009 in Quotes of the Day | comments (0)
Here is a simple but profound truth. You cannot get out of debt by borrowing more money.
~Jerrold Mundis~
Financial Quotes of the Day
by mw2rp | Tuesday, December 01, 2009 in Quotes of the Day | comments (0)
Never spend your money before you have it
~Thomas Jefferson~
Monthly Review - November 2009 (+0.39%)
by mw2rp | Tuesday, December 01, 2009 in Monthly Review | comments (0)
Floating Cash: 3,399
Fixed Deposit: 4,010
Shares: 10,950
Mutual Funds: 3,598
Total: 21,957
Past record:
October: 21,872
September: 20,575
This is an ongoing monthly review to keep track on my portfolio performing.Its still long term progress, any feedback is appreciated and may be incorporated into future monthly reports. The portfolio not covered:1) EPF.2) non-liquidity asset such as house, car etc.
October Highlights:
Stock performanceKLCI: 1259.11 (1.28%)
Share Portfolio: 8950 (-2.4%)+2000(liondiv-5lots)[-20%]
- the model share portfolio fell terribly in november. Losing >2% in in comparison to FMB KLCI's gain of 1.28%. Liondiv also face 20% drops in 1/2months time. Due to it was purchased in mid Nov, it was show seperately as above to ease my monitoring.
Finally it is back to service. No need for me to plan for manual bill payment at the counter.
It is commonly for us to see ATM machine showing "out of service" notice when it is broken down or the machine is out of cash. But today Maybank2U has been out of service for the whole day, let's pray it is not due to all accounts out of cash...
Bought in Liondiv - 5lots
Came across this blog, think should share with everyone. click here to read further.
One should be careful and avoid from fail ling into pyramid scheme. SYN in the famous Lampe Berger scam.-----------------------
Think about it again, why would so many people get trick into this kind of scam.
What else other than self greediness
Monthly Review - October (+6.30%)
by mw2rp | Sunday, November 01, 2009 in Monthly Review | comments (1)
Floating Cash: 5,278
Fixed Deposit: 4,010
Shares: 9,170
Mutual Funds: 3,414
Total: 21,872
Past record:
September: 20,575
August: 20,171
This is an ongoing monthly review to keep track on my portfolio performing.
Its still long term progress, any feedback is appreciated and may be incorporated into future monthly reports. The portfolio not covered:1) EPF.2) non-liquidity asset such as house, car etc.
October Highlights:
Stock performance
KLCI: 1243.23 (3.42%)
Share Portfolio: 9,170 (6.75%)
- the increment of the portfolio mainly contributed by share investment.
10 Ways to Make Your First Million.
by mw2rp | Tuesday, October 27, 2009 in Financial planning, General | comments (0)
1. Stop Senseless Spending
It's easy to spend your way out of a fortune. Fortunately, the opposite is also true - you can save your way into your first million. Most people working in North America right now will earn well over $1 million during their working lives. The secret to saving $1 million lies in keeping more of what you earn. Just as extending your earnings offers a unique perspective, doing the same with your spending sheds a ghastly light on the waste. If you spend $5 every day of your working life on coffee, snacks, etc., you lose $73,000 of your lifetime earnings, making it that much harder to hit the $1 million mark in savings.
2.Prune Your Purchases
When you do have to spend, try to get the most utility, not simply the most you can. The difference between great value and utility is a fine line. Buying too much house or too costly a car comes from confusing the two. If you shop for what you need and buy it cheaper than you'd planned, that's a great deal. By keeping the end use of large purchases in mind, you can avoid this drain on your cash. Before paying more than you can afford, remember that Warren Buffet, a man who constantly jockeys for richest person on earth, still lives in his humble Omaha abode.
3.Target Your Taxes
Another leaky hole you need to plug is the parasitic drain of big government. While you are expected to pay your taxes, it's the right of every taxpayer to try and reduce their tax bills to the absolute minimum allowed by law. Increasing your tax awareness means making taxes a quarterly chore rather than an annual scourge. Keeping abreast of allowable deductions, changes to your withholding and changes in tax limits will allow you to keep more of what you earn, so that you can put that money to work for you.
4.Crafty Compounding
Time is on your side when you've got compounding working on your savings. The earlier you start saving and the earlier you get your savings into a financial instrument that compounds, the easier your path to $1 million will be. You may be thinking of tenbagges or hot issues that return 10 times their value in a few weeks, but it is the boring, year-on-year compounding that builds fortune for most people.
5.Build Through Your Boss
If you're looking to save $1 million dollars for retirement, look no further than your boss. With matching contributions, your employer can be your best ally when it comes to building up retirement funds.
6.Ramp-Up Your Retirement Savings
Rather than letting your boss's contribution lessen your load, try to put a little extra into your retirement plan whenever you can. Automating your account contributions will make setting your money aside that much easier. That said, making extra contributions a priority will speed up your journey to $1 million and make your golden years that much more golden. You don't have to eat cat food to do this, just keep your retirement in mind when you've got extra cash on hand.
7.Incremental Investing
If you've got your retirement portfolios where you want them and are ready to start a pure income portfolio, then incremental investing is an excellent way to begin. You don't have to jump into the market with your life savings to make money. Even relatively small amounts can result in decent returns. The important thing to remember with your income portfolio is that capital gains taxes will be applied yearly to any income you pull out. Again, improving your tax awareness will help reduce the bite, but it takes time and knowledge to make one million solely from a taxable portfolio. Still, it has been done and will be done again.
8.Dare To Diversify
If your portfolio is made up entirely of in stocks, then you may need to diversify. In the first case, more and more financial activity is out there in the wider world. This doesn't just mean investing in emerging economies like China and India that are producing huge gains, but recognizing that there are companies in Europe and Asia that are just as good (maybe better) as investments in the U.S.. Diversifying also means not putting all your money into one type of asset. Being a financial omnivore opens up that much more opportunity in times of growth and makes certain you won't go hungry when one source dries up.
9.Reconsider Real Estate
Owning real estate provides equity and diversity to your investments. If you own your own home, then paying your rent builds up equity. If you invest in real estate, then someone else's rent builds up your equity. Real estate investing isn't for everyone, but it has built fortunes for many savvy people. Owning your own home, however, is usually a good idea regardless of your opinion on real estate bubbles. Peter Lynch, one of the greatest stock investors of all time, believed that you should own your first home before you buy your first stock.
10.Increase Your Income
There is nothing terribly romantic about becoming a millionaire while working a regular job, but it is probably the avenue available to most people. You don't need to start your own business to pull in a high income, and you don't even need to pull in a high income if your saving, spending and investing habits are sound. Asking for a raise, upgrading your skills or taking a second job will add that much more to your savings and investments and subtract that same amount from the countdown to your first million. If you are entrepreneurial at heart, starting a business on the side can actually decrease your overall tax bill, rather than putting you in a higher income tax bracket.
Appendix 16 of the Budget 2010 has proposed that service tax be imposed on credit cards and charge cards including those issued free of charge as follows:
i. RM50 per year on the principal card; and
ii. RM25 per year on the supplementary card.
Service tax will be collected on the date the card is issued, on the completion of each year or on the date of renewal.
----------------
Will banks take up those charges or transfer it to customers naturally. If the banks impose it to consumers, i definitely be the first to cancel the credit card immediately.
Uchitech has been on the uptrend for the past three days.
7 oct - 1.29
8 oct - 1.29
9 oct - 1.35
12 oct - 1.40
13 oct - 1.42
Good news to announce soon?
Finally get the interest after 2 months of first fix deposit. - RM3.43 haha...
Monthly Review - Sep 2009 (+2.00%)
by mw2rp | Wednesday, September 30, 2009 in Monthly Review | comments (0)
Floating Cash: 4,637 Its still long term progress, any feedback is appreciated and may be incorporated into future monthly reports. The portfolio not covered: September Highlights:Fixed Deposit: 4,000Shares: 8,590Mutual Funds: 3,348Total: 20,575Past record:August: 20,171July: 16,678This is an ongoing monthly review to keep track on my portfolio performing.
1) EPF.
2) non-liquidity asset such as house, car etc.
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