MONEY MASTER

Lately I have been looking at some of the insurance products in the company that I'm working for, Great Eastern. The main reasons for that was because of a friend of mine who encouraged me to learn more about these products. Here are some of the right perspective that you must set in regards to Endowment plans. Unlike other savings plan, endowment plans in an insurance company comes with a protection. This is important for those of us who look at protection at the same time. The return of the plan is reasonable. Unlike other savings plans like FD, endowment plans force you to create a habit if saving a portion of your money. The plan that I was looking at is known as Great Wealth Accumulator. By savings about 1800(minimal, depends on underwriting, your age and risk, as this is insurance related) per year, you will start getting a certain amount at the second year. (Guaranteed and non guaranteed portion). The non guaranteed portion depends a lot on the company performance. So f...

I've blogged about the some of the Universal Rule of Personal Financial Management and one of the rule mentioning about never depend on single income , which is actually taken from a famous quote by the Sage of Ohama, Warren Buffett. This rule is in fact the most important rule after one have discipline in controlling spending. It's so coincidence that I read an article in The Star, and it mentioned about how hard does your money work, although towards the end of the article, it is starting to do a bit like "advertisement" by trying to get people to use the service of fund managers or financial planners. Nevertheless, that is not the most important message. The message is clear, how hard does your money work rather than how hard one work for money - exactly the same as what I was trying to imply on the Universal Rule of Personal Financial Management: #3 Never Depend on Single Income . The article is as follows:- YOU may be working hard for your money, but is yo...

Much has been debated and argued about the GE13 results. Well, it doesn't matter because foreign investors are showing their confidence as the market open today.  Affin Investment Bank Head for Retail Research Dr Nazri Khan said the participation of many foreign investors in the local bourse today was a clear signal of their confidence in the Malaysian economy. “Bursa Malaysia soared to a new high of more than 1,800 points and this clearly showed foreign investors’ confidence in the government’s development projects. “In fact, Bursa Malaysia received an injection of RM2 billion in foreign funds during the morning session today which is the highest recorded thus far,” he told reporters here Monday. Of course, there might be a lot of argument that these are all manipulation but then again, assuming that the momentum is maintain, we are talking about revising the target to 1,830 points by year end.  So far, BN win has also had a positive impact on the cash and foreign exchang...