2008 May | Malaysia's Financial Blogger

Buying And Selling Property Procedures [ November 19th, 2008 ] Posted in » Finance Tips, Property | 37 views

After considering several places and you have decided to buy a house and the price is agreed by both parties, you will need to pay some earnest deposit (min 2%) for booking purpose. My advice, don’t pay the 10% straight, just in case you changed your mind later.

selling and buying property

After paying the earnest deposit, you will need to appoint your lawyer for the Sales & Purchase Agreement. It may take up to 2 weeks to prepare. Once the SPA is ready, you will need to make the balance 8% of the purchase price upon signing of SPA. (Assume your applied loan is 90%)

Besides, you must prepare some funds to pay the legal fees for S&P(Travelling, Stamping, Photocopying, Miscelllanous fees), which are relied on the purchase price of your property. Basically you should be able to estimate your lawyer fees based on the following:

snp legal fees

Note: This is payable to your lawyers to get the land title transferred to your name.

What To Do After Signing The Sales And Purchase Agreement?

Business Loan

Before running any business, you need to have good financial support so that you can get access to sufficient funds, which used to finance any business need. Small Business Loans can be secured and unsecured types depending on borrower’s requirements and ability.

In today’s economy, most of the lenders are more likely to prepare an unsecured start up business loan. This can allow entrepreneurs to get the loan without having property and assets as collateral.

May 17th, 2008 | Posted in » Other | Leave a Comment | 221 views

EPF Retirement Fund: Do You Have Enough?

Only Malaysians are so stupid as being forced to save and let their money goes missing without knowing how it will affect them in the future. How can anyone help this poor Malaysians from keeping fully promise on EPF?

The Employees Provident Fund (EPF) helps you save money for retirement. While you can’t withdraw your fund, EPF lets you invest some portion of your money in Unit Trust. However, we can’t rely too much since promise for higher return may comes with risk.

EPF Analysis

Generally speaking,current EPF return is 5.8%. EPF highest dividend payout is 8.5%, which was in between 1983-1987. After that, it drop to 8.0% (1988-1994).

Next article will be “How to invest in Unit Trust through EPF”. Stay Tuned…

May 13th, 2008 | Posted in » Retirement Planning | 7 Comments | 438 views

Credit Cards Club

Before using credit cards, it’s better try to think on how will you make use of it. If you expect to often pay your monthly bill in full, then your best option may be no annual fee credit cards and offers a longer grace period. If you sometimes carry over a balance from month to month, then try to find a lower interest rate types.

As everybody known, credit cards are very demanding nowadays. Mostly, the average annual percentage rate is about 15%. With that kind of interest, it’s quite tough to pay down because it is consistently compounding interest if you did not clear your outstanding balance.

May 11th, 2008 | Posted in » Other | 2 Comments | 204 views

Dim Sum Business

This business is labour intensive. But in Penang, it is normally run as self service way.

Many Dim Sum restaurant that hires foreign worker like Indonesian and Vietnamese and the services provided mostly are not good and many customers frustrated for not getting what they have ordered with immediate response.

If the food quality is good, I don’t think customer will have such fussy feeling and may be this will force them to even queue for seats during the peak time.

Char Siew Bao

Dim Sum

Sometimes factors like location and availability do affect people choice of restaurant.

I think the target age is from teenager to retiree. So it’s a very huge market.

May 10th, 2008 | Posted in » Offline Business | 3 Comments | 365 views

Trust Banking & Asset Management

For smart people, usually they will get to know about their financial affairs before making any decision on their own vision and dream to achieve. This is to evaluate their capabilities so that they will not have any financial problem in future.

If one day I really become financial freedom then I will try to have own properties and business since these are the things are more valuable and can beneficial a lot to my next generation people.

May 7th, 2008 | Posted in » Other | Leave a Comment | 172 views

Google Ranked Me PR 3

Huh…It’s impressed me indeed. Last 2 months my Page Rank drop from 2 to 0. This happened to me when I noticed that writing post that’s offered by advertiser could lead to getting zero Page Rank. However, I gained back higher page rank just start of this month.