MONEY MASTER

Quoted directly from today's The Star Business..... links over here IN general, most people have the impression that the money placed in the Employees Provident Fund (EPF) always generates lower returns compared with the returns from their own investments. In this article, we will look into the returns from EPF versus returns from the KL Composite Index (KLCI). We assume that investors are able to generate their own returns equivalent to the returns from the KLCI. Based on our 23 years of data compilation, it is generally true that the average returns generated from EPF are lower than KLCI returns. From 1986 to 2008, the average return of EPF was 6.7%, 2.3 percentage points lower than the average return of 9% from the KLCI ( see table ). However, most people do not understand the risks they need to undertake when they invest by themselves. The standard deviation of EPF is only 1.5%, 22.2 percentage points lower than the standard deviation of 23.7% from the KLCI. We use stand...

I was blogging about Adsense and all in this blog... Idle Page It was at this point that I realize the internet is the market of tomorrow. At the moment, most people look at internet business in the form of freelance writing and other etc. But in the near future, I believe with almost everyone having the access to internet themselves, the market will be big enough to attract people into channelling their business strategies into the cyber world. At the moment, only big company like Amazon and E-bay that is gaining popularity. However even in Malaysia we have Mudah and some other lelong online market. Although we must take into consideration the fact that some of these companies are not reliable but with strengthening markets in the internet, big companies will start to consider the internet as their main play ground. Some of the rough ideas that I could give you is this: The tuition place has been crowded with students and hence more and more parents are concern about the reliability ...

When I was reading the news on theStar online (www.thestar.com.my), I got a bit shocked. The Malaysian government not only not giving petrol subsidy for Malaysian, but now starting to earn revenue from the current petrol price at RM2.00 ( source ). While shocked, I was not surprised. Well, it does not take a rocket scientist to figure out that we are actually paying the government when the crude oil price was below USD60 per barrel. As mention by my previous post that we did actually pay the petrol tax ..... source , it seems that now it's OFFICIAL that we, Malaysian, born in a nation producing oil will have to pay petrol tax. Well, previously they do not want to admit it, but at least this time they admit they are actually getting return by reducing the petrol price 15 cents to RM2.00 and they can still earn some money out of it. I will need to search for more details to confirm that we will be the 1st net oil producer to impose tax on petrol. Until now, I can see that majority ne...

It seems that more and more countries are slipping into recession. Euro zone, Singapore and now Japan. Here's what I have from theStar online:- Japan's economy slid into a recession for the first time since 2001, the government said Monday, as companies sharply cut back on spending in the third quarter amid the unfolding global financial crisis. The world's second-largest economy contracted at an annual pace of 0.4 percent in the July-September period after a declining an annualized 3.7 percent in the second quarter. That means Japan, along with the 15-nation euro-zone, is now technically in a recession, defined as two straight quarters of contraction. The result was worse than expected. Economists surveyed by Kyodo News agency had predicted an annualized 0.1 percent rise in the third quarter. Japan's Economy Minister Kaoru Yosano said following the data's release that "the economy is in a recessionary phase,'' according to Kyodo. But the worst may be y...

I just read an article regarding the strategy to buy stocks or hold cash and I thought it might be suitable to post it over here. OVER the past few weeks, as a result of the sharp plummet on the stock market, some investors regret not selling their stocks early as almost all of their stocks have been incurring huge losses. However, the market recovery over the past few days caused some investors to again regret — not buying stocks when the stock market hit the bottom. The decision to hold more cash or stocks is one of the most difficult decisions to make. According to a study by Gary P. Brinson, L. Randolph Hood and Gilbert L. Beebower in 1986, 95% of the variance of fund returns was the result of the asset allocation decision. Hence, the right asset allocation between cash and stocks plays a very important role in determining the returns of a portfolio. In this article, we will look into two key strategies in asset allocation, namely the constant mix (CM) and the constant proportion ...

Thus, the amount of money that you want to make, and do make during your lifetime of working, is dependent upon your beliefs, attitudes, values, and career choices. If you value helping people in need, you can anticipate a particular salary over the course of your career. As long as your values are more important than what you are paid, your choice is fine. But, you cannot set a goal of making a million dollars a year, make a career choice that pays $40,000 per year, and expect to be happy with your career decisions and the money you make over time. Almost everyone thinks that they should make more money than they do. But the amount of money you are paid by your employer is dependant upon a number of factors discussed in: The Scoop on Salary Increases: What Pay Raise Can You Expect From Your Employer? . About’s Joshua Kennon tells you: How to Become Wealthy: Nine Truths That Can Set You on the Path to Financial Freedom . I’m writing these tips to help you have the money you need t...

The global economy turmoil has cause most of the stocks breaking few year low. And the low keep going lower. Then a lot of people started asking me, "Do you think it is time to buy stocks now?" Well, I do not know. In fact, no one will know how low can these stocks get. During the pessimistic environment, those financial advisor or economist will reduce or downgrade certain companies. It always happen this way. When it is good, they will say that there is possibility of reaching higher and higher, until it burst. Then during economy turmoil or bearish environment, they will say, the low will get lower. The only thing we can do to avoid losses is to accumulate the stocks of prospective companies and to average down when it gets lower. Only we ourselves know how risky we want our investment to be and judge the situation with full of wisdom. Remember...... "Price is what you pay. Value is what you get." by Warren Buffett? This quote is to remind us that we are to judg...

Over the weeks, I've been thinking what else we can do to earn more money besides working, investment etc. To earn more money, the easiest way is to invest. But as a salary drawing guy, the capital that I have is actually quite limited. Most of my salary will go to monthly commitment like car loan, education loan and also daily expenses like food. The leftover of the money is either for investment or savings purposes. This could mean only one thing, reducing expenses will automatically increase the amount for investments. How to reduce expenses when most of my expenses already fixed? Can it be further reduced? Then I realized that actually going green can also reduce my expenses a little though not very significant. How am I going to implement going green project? First of course is to reduce the usage of my car. By reducing the usage of my car, we can reduce the CO2 and CO emission. Next thing that come in my mind is reducing electricity. I'm trying to save energy as much as ...

Phew.....will be getting a long break. 2 public holidays for Hari Raya, an annual leave and 2 weekends break. When I came back yesterday, I read Personal Money on tackling the transportation costs in the midst of petrol price hike. There are a few ways to tackle, one which is going natural, which means using the natural gas vehicles (NGVs). While NGVs seem to be a real money savers, do take note that in Malaysia, only SELECTED Petronas stations have the pump. So, you will need to join the queue of taxis. Besides that, there's the cost of installing the tank and the system to the car, which can cost a bomb, and will void the warranty given by the car manufacturers. If the car no longer have the warranty given by the car manufacturer, one can opt to install, but the real question is, will this really save a lot of money in the long run, after the Petronas given the comment that the price of NGV might go up accordingly with the petrol price. Secondly, we can opt for Hybrid cars - gree...

This post continue from Credit Card - Friend of Foe (Part 1) Majority generation born after 1980 are using credit cards. In fact, the credit card usage has been so severe since the late 90s and this in fact has cause issues like subprime credit pop up in the US recently. Credit cards, can in fact become our friends if we manage it well. As was posted previously, with credit card, we do not need to bring a lot of cash with us - which is very important as the rate of theft is increasing from day to day. Besides that, loyalty reward points or cash rebates that can help us to save some of our money. Another good thing about credit card is the easy payment scheme. By using easy payment scheme, expensive stuff like furniture, gadgets etc can easily become more affordable. For example, a PC cost about RM3k can be pay as few as RM300 installment over the next 12 months. But this can easily become the bad thing about credit cards if not managed properly. One can easily get deeper into debt beca...

While I was reading through a forum regarding credit card, a question popped up in my mind. Is it better to pay using credit card or cash? A lot of people went into debt because of this plastic, which I found it to be user-friendly and it gives me more pros than copns. Sure, some might argue that because of the user-friendliness, it causes a lot of young executives, housewives etc to fall into debt. In fact, one of the reason subprime crisis popped up out of nowhere in the United States is due to credit cards' debt. Actually credit cards can be our friends as well as foes, just like fire or water, when under controlled, it will become our friend, but if we lose control, then it will become our foe. The good thing about credit card is we do not need to carry a lot of cash with us whenever we go our doing weekly groceries, shopping, dining, etc. Imagine we want to purchase furniture, how much we are bringing along with us and with the increase in crime rate, the possibility of gettin...

Several experts share their views with Malaysiakini regarding the Budget 2009 unveiled by Prime Minister Abdullah Ahmad Badawi. MCPX David Cohen, director of Action Economics, Singapore: It is a populist budget to deflect the growing popularity of Anwar (Ibrahim). (Prime Minister) Abdullah (Ahmad Badawi) is obviously under pressure as witnessed by the rollback in fuel prices last week. Lee Heng Guie, chief economist at CIMB Bank: I think most people already expected a budget plan that won’t have many negative points. So this is one factor that helped the market to rise and also because overseas markets were good last night. But the overall mood is still cautious because there is still uncertainty. Given the tough macro situation, they may have little choice but to spend more now. Whether it’s the right choice depends on how they fine-tune the deficit going forward. Khoo Kay Peng, political and economics analyst: Anwar can, if he wishes, make any amendments he thinks are necessary...

It's been a while since I last update the blog. A lot of time is due to I have difficulty in logging in to blogspot or even gmail especially after 9pm. Few of my colleagues also facing the same problem, having trouble logging in to blogspot, msn etc. But when we use our company VPN, quite surprisingly we manage to go through. So we suspect the Streamyx is having clogged network at the international gateway. This could mean that we are not getting the value of the product that we paid every month. One of Warren Buffett famous quote, "Price is what you pay, value is what you get" remind me of this. Too bad, we cannot do anything regarding streamyx since the company has the "best" broadband service in the country. A lot of us got confused that value = price, and vice versa. But, in fact it is not - however, the relation between the two is very close. Price is in economics and business is the assigned numerical monetary value of a good , service or asset (sour...

As we stare at the global economy slowdown, we should keep asking ourselves, "Are we prepared for it?" Are we confident enough to declare that we have prepare for the worse? Some might be quite relief that the crude oil price has been going down for few days but we don't know how long this will last. Even if the crude oil price remain downtrend, we cannot let our guard off. To prepare for it, one must always ensure there's sufficient fund in hand, if and only if the global economy slowdown. Even if you can keep your job, the money will come in handy especially if the stock market collapse. Can really get good deal during the market collapse. In fact, the money can be used to buy property at very low price. Usually when comodities reach historical high, cash is king. But I'm the kind of guy who believe that the market will rebound one day, which is why I will continue to accumulate the high dividend yield counter, so that I can have passive income. And again, we ar...

It's been a while since I last updated the blog. Either I was too busy with my work or sometimes when I'm free, I cannot login to the blogspot. Not sure it is the S*reamyx problem or the Google problem. I can login to my gmail though. Besides that, not really have any idea on what to blog about. But anyhow, I feel like updating the blog today. My fren ask me to take a look at one of this blog . The purpose of the blog is to promote the Jumble Station - a community outreach initiative designed to raise funds to assist Single Parents in need some of whom are part of the Shelter Home Single Mothers Network. Jumble Station aims to economically empower Single Parents and the poor to be financially independent in the long run by owning or running their own small businesses eventually. The purpose I brought up the blog is not to help fund raising nor do anything to promote it. Just that I see that Jumble Station has one great vision - which is to economically empower Single Parents an...

I've got a forwarded email which talk about the current fuel situation. This guy really go all the way to calculate the exact price for petrol. It is another version of the calculation, at least different from my calculation. The email content is as below:- We know the international rates are above the USD 130/barrel. We understand the fact that the fuel prices are increasing worldwide and we also know that major scientist are still contradicting on why this phenomenon is happening. Some blame Bush and his plunders around the world and some blame climate change and there are others which say petroleum 'wells' are getting scarce. Again we go back to numbers to be more straight fwd 1 barrel = 159 liters x RM2.70/liter = RM 429 or USD 134 On 1 hand, we are paying the full cost of 1 barrel of crude oil with RM2.70 per liter but on the other hand the crude oil only produces 46% of fuel. Msia sells crude oil per barrel at USD130 buys back Fuel per barrel at USD134. And not forget...

While I was doing some rough calculation, I was wondering whether our Govt really did subsidize us RM0.30 per litre? When the crude oil price was about USD138 per litre, world market price was about USD178. And according to 2nd Finance Minister Tan Sri Nor Mohamed Yakcop (sources http://www.bernama.com/bernama/v3/bm/news_business.php?id=339088 ), Malaysia should adjust the price to RM3.15 with 30cents subsidy, which means the market price is RM3.45. Do some simple calculation 3.45/178 = 0.01938 0.01938 * 154.50 = RM3.oo per litre (USD 154.50 = world market price at the time fuel price increase in Malaysia - 5th June 2008) Crude oil price on the 5th June 2008 is USD135 USD154.50 - USD 135 = USD 19.40 USD 19.40 = RM 61.89 (if USD exchange rate with RM is 3.19) RM61.89 / 158.987 = 0.39 (1 barrel = 158.987 Litre source: http://en.wikipedia.org/wiki/Barrel#Oil_barrel ) RM3 - RM0.39 = Rm2.61 Rm2.70 - RM2.61 - RM0.09 RM3 is the extra that we pay if we go according to world market price, so ...

The recent hike in petrol price put me in a difficult situation. First, I need to top up additional RM30-60 monthly for petrol. Then to be on the safe side, I should increase my food expenses to about RM20-30 also. That comes to about RM100 in total. Then it comes to my mind that if I were to change my lifestyle, will my previous financial goal or target achievable? Well, yes and no. Yes in the sense that if I totally change my lifestyle to no entertainment, no yum char session, no this and no that, then I have 90% confident that my current budget still ok. No, if and only if my forecast is not so good, meaning everything will increase exponentially. Nevertheless, the decision is for me to change my lifestyle so that every thing that I planned out early this year will remain status quo. At the same time, will try to see whether I can get additional income from other source. A lot of us have complaining since petrol price hike. But, my suggestion still is to change our lifestyle before...

Just now, I read about MALAYsian dilemma that my brother wrote. In fact, I find that what he wrote was actually true. The Malaysian dilemma is definitely POVERTY . Realistic speaking, currently there is only one way that Malaysia, as a whole nation will go, which is NOWHERE . I keep asking myself, "Am I being a bit pessimist about the outlook on the economy in Malaysia?" I do not think so. Just yesterday after the announcement of petrol hike, we can really see how desperate Malaysian to go fill their tanks with petrol. Jam everywhere near petrol station, even at area where I am staying. This morning, there were even protest in Ipoh and KL. If I remember correctly, this has never happened in Malaysia before. The recent raise is the steepest, I believe. And more is to come. News circulated that the Govt want to let the price to float according to world price. But, after having a deep thought, I realized it might be a good thing to let the fuel price float according to the mark...

When I was busy at the production, the Malaysian Prime Minister suddenly announced an increase of petrol price to about 50% . The increase come as a surprise to me and most of my colleagues. Most of the people anticipating increase about 100%, but not so soon. As soon as I got the news from a colleague, I quickly settle everything in the line and quickly leave office and go for a short pit-stop at one of the station. It's definitely a bad day for me as I only know about the news after office hour which could mean one thing, jam at all the petrol station. I guess it correctly but I do not care anymore. I just cut queue and manage to get everything done by a while. The bad thing about the pit stop is that I manage to that I did not manage to refuel full tank using my credit card. Another thing is that I bring very few cash, thus I can refuel RM24, which will translate into about RM10 savings. It is still ok for me. I'm posting not because of what I have gone through. I believe w...

I have been reading my brother's blog lately and allowing him to do most of the editing and updating. This is because I believe that he is more knowledgeable in this expect. and truthfully he has been doing a great job in maintaining the quality of this blog. Today I am going to talk about the goals and plans that one must have in order to achieve success in this life. I've just watched the movie "Pursuit of HappyNess" that star Will Smith. A movie inspired by true story...about this man, Chris Gardner. He was struggling in his battle to work for a prestigious stock brokerage firm as intern. Although he has to go through six months without salaries, his perseverance and determination reap a great results. Today he is one of the millionaires and open his own brokerage firm, Gardner Rich & Co. As I watched the struggles he had to go through, one thing I realized was that he never gave up hope and keep doing his best with whatever that he could to achieve his aim. I...

I've renamed this blog to MoneyMaster, if you all hadn't notice. This blog used to be "a friend to money", well even if you do a Google search with "a friend to money", you will eventually find this blog in the search results. Not sure after I renamed it to MoneyMaster, we can still search it in Google. Anyway, some might be wondering why I've changed it to MoneyMaster. Well, it did occurs to me that if we wanted to earn more money, we have to let the money works for us. When we reach to a certain point where our money is generating enough income for us to survive without having financial worries, then we have become the MoneyMaster :), like what I've always tell others, it is better for us to become our own BOSS, so that we do not have to tolerate our superior. I noticed that most young adults aged 22-30 are quite immature in a way or another. Most of the young adults nowadays are really aiming high, but there is a problem. Most of us don't real...

Phew......finally getting the permission to post using my own profile. Was doing the 'restructuring' work on the blogs with my brother for weeks and finally we figure out it will be better for us to post the blog using our own profile. Before this I was posting using my younger brother's profile as he was the one to encourage me to blog. I am glad because I can share my 2 cents opinion on money matters with others across the Net. But while doing so, I realized that restructuring is actually part of our life and as well as a process to increase our net worth. Usually a company will restructure if there's change in leadership. Some company will restructure if the circumstances force the company to do so. Nevertheless restructuring usually means new idea, innovation, creativity, motivation etc. While 'restructuring' our blog, both my brother and me come out with more and more idea in which we would like to share with others, but we realized that we need to streamli...

I guess it is valid to say that everyone know that it is important to save money but the question is how many actually do it? And what are the practical steps necessary?? Here are some of the practical steps that I would recommend and I wish that you will read it carefully and review it with your life. 1) Eat outside one less each time a month. Assuming that you love to eat outside with your friends and that you went for supper about twice a week. Meaning you went for 8 times a month and that each time you probably spend about RM8. So if you were to eat out less each time a month, by the end of one year, you will be saving about RM464 . Well, that is quite a big amount and in the long run, you might just realized that it actually add up to all the reasons why you are not having enough. Of course it would be even better if you could just be going out once a month, (cause by that, in one month alone, you're saving close to RM60). But let us be reasonable and start with just eating le...

Money usually comes with two elements; income and expenses. Income and expenses are different but at the same time similar. Some might wonder why the element can be different but at the same time similar. Previous posts stressed on the way to increase the income. But what is the purpose of increasing the income when we cannot control our expenses? It comes to nothing, right? If we made 2k, and we used up 1.8k, we still have 200 left. The 200 left can be used to increase the income if use to invest properly and accordingly. But if we made 100k, but we used up 100k, we have nothing left. And if we made 3k, but we used up more than 3k, we not only have nothing left and we owe others money. So it does not matter whether a person is earning 1k, 2k, 10k, 100k, etc. The person must have wisdom in spending his or her money . Else even if he or she is earning 100k per month, the money will end up fast. Where as if he or she has the wisdom on spending money, even with lower income, he or she wi...

I was reading on some of the ways to earn more money. Realistic ways for teenagers such as doing research paper, assignment for people as well as photocopy business. It was then that I saw some of the Anime stuff being sold at a very expensive price and I wonder what sort of people will be interested. Probably I was wrong because I realize that people who love Anime love especially limited edition collection. It is not really the price that matters to them but the interest in their favourite characters. Then I read on the just a click away website....about internet business and that the capital requires are low and then it is a good medium to explore the opportunity for a higher income every month. There are more than 800 millions users of the Internet and that those people are your customers and though out of the 800 millions, there might only be 0.1% who visited your website but that still makes it about 800 thousand customers. Well, not all will be buying from you either but then ag...

Article-writing online could be a great way to earn extra income if you're an avid reader. A bonanza to all writers in fact . Even for beginners, it is possible to earn more money by writing articles although I'm not talking about earning 6 figures salary. I'm always looking for fun and interesting way to help me generate my income. One of my passion is through writing articles and it really works. One of the ways is to write some of the few best articles that you are best at ( it will be best to write topics that you are good it...it could be traveling, sports, movie reviews, religious content or anything that you know best ) and send it to the magazines through the net. Some of the big companies that could be attracted to you might pay you a great deal of money to write. (I personally have not try this but heard that it works.) On a more realistic note, try Readers' Digest that wants people to submit good jokes or even stories to them. And if you're the kind of...

The right mentality needed for the "BIG BUCKS" to arrive is necessary. I was talking to a salesperson about his career and really, now is the time of his life where he is earning 5 figure salaries....much more than me (giving tuition is kinda limited with me still having to go through my studies) but surprisingly he is saving far less than me. I knew probably it was the lifestyle of his that made his savings limited....Clubbing, yum cha, and all sort of activities took up his hard earned income. In the long run, he will be running out of "steam"earlier than many people who earn only 2k a month. Simply because he was not thinking far ahead enough. I watched a barber nearby my house cut hair for my brother. It was not a profession that will make big buck all the more in my housing area. But this man has so much determination to do what he knows best....cutting hairs. And it is almost everyday that he open his shop from morning til night. (one of the most hardworking b...

1M by 28 , is it possible? After doing some thinking for days, I come to this 1M figure. Some might be asking "Why not 100K?" , or "Why not 1B?", or "Why not other figure?". Well 100K will be quite easy to achieve, while 1B will be too difficult and I was too lazy to come out with other figures. To be honest, 1M is not easy nor difficult. This is because as a salary drawing person , our net worth will not grow exponentially . In order to have our net worth growing exponentially, we will have to invest. My plan of course is to invest a big chunk of my money to stocks, so that I can earn from dividend, and also from the price appreciation. Money working for us definitely easier than we work for money. I'm 25 this year and so it means I have 3 years to achieve this and 3 years equivalent to 36 months or 156 weeks or 26280 hours. It also means that for each hour I need to earn at least RM39 to achieve this goal. Too bad I do not have much capital in hand...

Recently I just got my salary. Usually before I withdraw the money, I will do a budget and this time is not an exception. Although my net income for the month is suppose to be higher than what I usually got, I was surprised that after paying for almost what I spent, and owed, I was left almost nothing much for investment. Then, in my heart, I start to think, "Why we're always lacking of money? Is it because of really lack of money, or just that I want to have more?" Sometimes I started to blame GOD on why I do not have enough. Well, then I started to think, "How much is enough? When will I stop this childish thinking that I don't have enough?" I must not forget, although my salary is not high, but it is a lot higher compares to those earning less than RM1000 per month. In fact, there's a lot of people earning few hundreds but they still move on. I do not know whether they complain like I did, but I'm sure it will be really tough to survive in Malaysi...

KLSE has been going down since the day Malaysia Prime Minister Datuk Seri Abdullah Ahmad Badawi announced to dissolve the Parliament and to have a General Election on the 8th of March. If we look at our bourse compare to others in the region, KLSE never go to green zone, even when the DJIA closed in green. A lot of factors contribute to this heavy selldown of KLSE. One of it is the profit taking activities by the speculators . Another would be the selling of Gamuda , which is the country's 2nd largest construction player. Datuk Lin Yun Ling cut his stake to 1.7% from 5.2%. Discussion has been going on this counter whether this could turn out to be another Transmile as Datuk Lin is not just an ordinary shareholder, but he is the MD as well. A lot of investors fear the worse has yet to come decided to even cut loss and Gamuda continue to drop. And at one point yesterday, Gamuda reach 3.78, which is very tempting. Too bad I was not around to monitor as I went for my group's teambu...

Can blogging make me rich? A lot of people tend to believe that blogging can make you rich but the fact is that blogging will not and in fact, if you don't love to blog, don't even think of making money this way . Blogging is never a way to get RICH FAST .... it will only provide you the extra income as a bonus especially if you love to blog. ADSENSE, ADBRITE and many other Advertisement company offer you lil money while putting advertisement into your blog. But let us get back to Earth, all these companies have their own terms and regulations to protect themselves from giving money to people who simply set up a blog and click on the ads. To make more money, blogging can give you your bonus but not like what some may said that they only blog and wait for those ADVERTISEMENT COMPANY to pay them. Nevertheless blogging is one the ways to open up your network and also to earn credit for having able to share your perspective and ideas to the world through the internet. In a way, if...

A good marketing strategy.... Ever wonder why some football club would be earning big bucks and generate income each year while some go into debt and nearly even go bankrupt...one good example is Fiorentina. If we talk about NIKE, everyone would know that this brand represent sports and is special in its' own way....question is how is it possible for a similar symbol to a "tick" become so popular. How come Manchester United could be earning so much every year even though after paying their millionaires footballers? If you are not a football fan, you probably would still hear of the name DAVID BECKHAM before....and the Red Devils through the Busby Babes tragedy earn even more than their usual income. I think something that those big names have learn to capture is the heart of the "people". The book "Art of War" by Sun Tzu mentioned that in a country, the priority is the citizens of the country and not so much of the King. If a leader learn this, he wo...

Earning despite of the economy slowdown.... It's been some time since this blog was updated and suddenly this thing pop up from my mind. The 97 dotcom crash happened more than 10 years ago, and it is believed that the economy will slowdown every 10 years. How do we actually can earn more especially during the economy slowdown? I think the easiest way to earn passive income is and will always be the stock market. However it also depends on the stock selection of investors. Long-term investors will opt for counters with strong fundamentals, dividend and bonus payout . Bonus and dividend can act as side income during the economy slowdown. But how do we know which company has strong fundamentals? Well, the best time will be during the economy slowdown - only during the economy slowdown, you can see which counters can hold up quite well......... "Only when the tide goes out do you discover who's been swimming naked", quoted Warren Buffett - one of the world richest man...

CHINESE NEW YEAR is here...and most people will greet you GONG XI FA CAI!!! meaning wishing you a great prosperity...something like that. (I don't really understand Mandarin). Well, while new year should be a time of celebration, a lot of Chinese would be involve in gambling. Some would play for fun while some would want to take advantage of this and hopefully "choi" (luck or prosperity...not sure which one) will be on their side. It is indeed a time of celebration and if kids were to play cards for fun or even a few cents, it should not really be a concern yet but if one play cards to win, that is when the problems start. If gambling has been part of your life, you are only associating yourself with the enemy of money and thus becoming one yourself. Nobody wins in gambling....only the casino owner would or the banker...that is the fact. While some happy go lucky guy might have been able to earn some money once in a while, many more head to the "bankruptcy" lis...

"It is okay to be poor, as long as we do not lie, steal or take things that do not belong to us." These were the words of famous comedian Stephen Chow in the latest movie, CJ7 . Well, it might be a lil difficult to digest this post as it speaks of being poor in a blog which speaks of friend to money. Okay...let's look at it this way...while making money is important in life, I think the movie CJ7 tells us that it is even more important to become someone useful for the community. The movie did not promote poverty but the fact that poverty exist, we need to face with it. Imagine a father who earn hardly enough for the family has to reject the request of his little boy for a new toy. That is the kind of message from CJ7. But let's get it right...this blog is talking about making money...so I'll get my information accurate with the title of this blog...if you want to read on other more important stuff...check on my other blog: seeker-kianhin.blogspot.com I remember r...