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Wednesday, June 29, 2011

How to survive for a fresh graduate? [Part 2]

It wasn't a habit of mine to blog long post when I'm outside but the excitement and enthusiasm of mine looking ahead of my first job takes over.
I realize that being a fresh graduate, the income is not a lot and at times, it feels that it's not enough...but as my previous post mention, I believe the key is to follow the old phrase: "Spend less than you earn"
The first part on savings has already been posted and now I'm going to continue with my second part: earning extra income while keeping your day job.

If you are very much like me, freelance writing will be very suitable.
There are a lot of ways to be a freelance writer...writing for magazines, newspapers and even for others...you could also consider blogging if you are into it...using Adsense, nuffnang and others will help you to earn the extra cash you need for leisure and luxury...imagine cashing out on this money for the usage during Christmas or other events...

Tutor, this is what I did during my University days to support myself...and amazingly, I had extras to save for investment as well...and if you are a fresh graduate now like myself, you could even command for higher pay...try applying as part time tutor with open universities as well...the pay and experience will be quite rewarding as well...

Baking? If you are into baking cakes, cookies, you could also consider showing off your talents on the Internet. You could also consider contacting the local coffee place, cake shops and show them your work...If it is delicious and the decoration is attractive, you might just land yourself a good deal.

Most people are into social network these days...and if you are reading this, I believe there is a 90% that you have a Facebook account and that you check it almost every 2 hours at least. And don't forget about Twitter...if you are the social networkers, consider social media ads...you can do it through churpchurp in Malaysia and I'm sure there are more companies out there in other countries...

And what about Internet business?? Now most people are afraid to venture into business because of the cost...I'm very much afraid as well but Internet business has its benefits...you get to do it at a low cost...and I'm starting a supplement business on the Internet using blogspot for now. The cost is low and the risk is lower but it also helps me to be exposed into the business world.

There are of course many more ways to earn income, using your skills and your knowledge...freelance photographer, setting up computers, gadgets and etcetra...the good thing about this is doing what you enjoy and earning money at the same time...Take some time and jot down what you are good at...the reward is better than you can imagine...

- Posted using BlogPress from my iPhone

Location:Coffee Bean, Jusco Ipoh

Monday, June 27, 2011

How to survive for a fresh graduate? [Part 1]

I was preparing myself for work and I realized that it is quite difficult to survive for most of the fresh graduate in Malaysia. So, as I was thinking about it, I realized that there are only 2 logical answers to this:

  • Save more money
  • Make more money

If you're observant enough, both of it also have to do with money and more money in fact.

So, I'm going to divide this post into 2:

  1. ways to save more money
  2. ways to earn more money

I need to say that these are not not too difficult ideas but one requires discipline to do so and I'm still very new into this so I'm more of experimenting with it.

Ways to Save more money


Now, it won't requite a genius to realize that in order to do that, one will have to eat more at home. Now it is not going to be easy given that I'll be staying in KL on my own with my housemates and that it will be tiring by the time I reach home (I suppose). Given this condition, it is probably difficult to suggest cook at home. Nevertheless, this is the key. One need not have to cook at home daily but by making it at least a day in a week, it will help to make a difference.

Secondly, we all know that coffee is an addiction and Malaysia is so popular with OldTown, Starbucks, Coffee Bean or even Mamak...Now, I know that leisure time is important and the Latte Factor is important but try to make it only once in a week where you drink outside...it will make a lot of difference when you make coffee at home instead of drinking outside.

Then, we also have the LUNCHTIME...we all know that lunchtime is the best time to connect with the people at work, heard about the latest juicy news and this connection is important. However, you don't have to do that all the time. Try bringing your own lunch for like a day or two in a week. Then make the other 3 days to connect. The balance is important.

SHOPPING SPREE....NO!! This is an important part for both men and women. It is important to make a shopping list before you decide to do so. Impulse buying is what people call it. And you must not get into it. There are going to be a lot of "PROMOTIONS" and by making simple plan, you'll avoid overspending.

PAYING BILLS ON TIME and avoid fines!! This is important. Whether it is your electric bill, water bill, credit card or etcetra, you must avoid these unnecessary additional charges.

If you are a book lover like I do, then you'll probably need to opt for a second option: BORROWING BOOKS. This is possible to do so by going to Novelhut, a secondhand bookstore that buy, borrow and sell books. Of course, another alternative would be to go to the library. I still have my university matric card and since I'll be staying nearby UM, I plan to head back to that place for books.

Transportation is probably a major issue in Malaysia so I'll suggest carpooling more often. Since I'll be taking the LRT to work, I'll most likely consider using the RapidPass RM100 that could be used for 30 days...that's a month usage and I think it is reasonable to consider that since it'll be much cheaper. Without the need to worry about parking and petrol, one could save about RM200 and more.

Get a credit card and use its' benefits. We all know the danger by owning a credit card but having it will also make your life easier if you plan well. For example, if I go to Starbucks, I could use the AmericanExpress to buy 1 free 1. By sharing with your friend, you could get it much cheaper. Or you could use the HSBC card for a 10% discount there. If you use Postpaid, where most fresh graduates do, you can consider using AutoBilling (this comes with using Digi iPhone package) with more points and rewards. And there are many benefits in using the credit card...utilize the benefits and you will find yourself saving more even as you spend. There are also times that you could use the monthly installment when buying something. Most of these monthly installments are with 0% interest. (of course, it is important to spend wisely).

Bottled your own drinking water. We all know that water is important but we neglect it most of the time. I learn this habit from my girlfriend, YenLeng where she would always bring a bottle of water with her when she go out. This could help you save money on buying other drinks when you go out.

Price Check. Now, this is important when you are buying stuff. Most of the time, the promotion might not even be promotion. Now, I'm not saying you do that all the time (otherwise, it will be a waste of time) but I'm saying that it is important to do so especially with expensive products.

Well, there are of course many other ways that you could save money, but just saving money alone is not enough...after all, what's the point of having money if you can't enjoy it. The most important is: BALANCE...
Coming up next, ways to earn more money for working fresh graduate...


Saturday, June 4, 2011

Xbox 360 consoles sold passed 55 millions

If you are a big fan of gaming console, you'll realize that Wii, PS3 and Microsoft Xbox 360 are the top contender...

But when I read about the news of 55 millions consoles of Xbox 360 sold in the United States, we have a clear winner...it really tempt me to buy it as well since my brother will be moving to his new house soon...all the more with Kinect...

But I guess now is not the right time...this is because I am just starting to work...I'll need to spend a lot on working attire...then I want to spend more on investment and studies in the coming years...

Haha!! Suddenly thought of blogging bout this while sitting in the car...anyway guess that's it for now...

- Posted using BlogPress from my iPhone

Thursday, June 2, 2011

Sell in May and Go Away

The stock market adage “sell in May and go away” is based on the historical tendency for stocks to generate most of their positive returns during the six-month period from November 1 through April 30. Since 1950, the Dow has appreciated 7.4% on average during this favorable period, versus only a 0.4% average return in the May 1 through October 31 interval. It is not difficult to imagine this seasonal pattern playing out again this year. The stock market was very strong in the favorable six-month period just ended. The Dow gained 13% from November 1 through April 30. The same cannot be directly applies to KLCI, but eventually all stocks will move in the same direction at about the same pace.


However, should we really sell in May and go away.....only return to the stock market in November? I have been seeing that indeed May is not a good month to trade, but surprisingly my stocks portfolio (paper) gain actually increased another 3% from the peak in January, but after all the ex-dates of bonus issues and dividends, it drops 4%, which is just 1% from the peak.

So, if you are asking me, should we sell in May and go away.....I would not really agree. If we actually wanted to liquidate our holdings, we should do it ahead before the massive sell off which is a month back, on April. Technically, we should not be selling when everyone else is selling, right?

Judging by the previous years, from May until end of October, the volume usually not high, and retailers and getting more and more hopeless about the stocks recovery, thus selling even at discount as cash is preferred. On the other hand, I feel some stocks are worth to be accumulated during this time frame, and come November, the stocks portfolio might be benefited from the stocks rally (assuming there is a rally coming soon :p)


In the meantime, I will just hold on to stocks, which fundamental is still intact and stocks that continuously generate income via dividend to me replenish the cash that was already used to accumulate some growth stocks. This strategy works for me quite well last year, so, hoping to achieve the same thing this year although I lowered my financial goal this year to have stocks portfolio grow another 15%, while at the same time building healthier cash ratio.