Malaysia Financial Blogger | Financial Freedom Ideas | imDavidLee.Com

Having Proper Mindset for Investing

Having proper mindset when investing allow investors to obtain a realistic perspective of their investments. Due to misconceptions about investing, some investors may be disappointed when their expectations and needs are not met. Investors who have a realistic expectations of their investments are more likely to achieve their long term financial goals.

Below are several misconceptions about invest8ing which investors should be aware of in their investment:

i. Quick Gains
One of the biggest roadblocks in achieving the successful of long term investing is impatience. Investors need to remind themselves that investments are for the long term mostly. As such, gains made from investing may take some time to be realized. Impatience investors, in their quest to chase returns, may not give their investments enough time to perform adequately.

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Islamic Investment Accounts

Islamic Investment which is known as Shariah Compliant Investment is a growing industry, which is getting popular nowadays and more seriously considered by all consumers around the world.

There’s an estimate that this market will grow rapidly in the next 5-10 years, fuelled by the wealth from oil, property and the growth in the Middle East. There’re many banks looking to get into this opportunity, and Islamic Structured Products are at the cutting edge of Islamic Investment.

Islamic investment accounts are counterparts of fixed deposits offered by conventional banks. Of the two, Islamic investment accounts provide slightly higher returns. The latest data from Bank Negara Malaysia’s monthly statistical bulletin for July showed that the average rate for 1 month placements in Islamic investment products was 2.93% compared with 2.91% for conventional fixed deposits.

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Guaranteed Rental Return

Guaranteed rental return (GRR) schemes are highly attractive options for property investors. However, the promises can sometimes result in the wrong choice being made.

Being promised a guarantee 7.5% rental return every year will immediately set off one’s internal calculator and the thought of getting some RM1600 per month sounds very attractive indeed. However, we should rather think what happens after few years of high returns? What types of return can we expect for the subsequent years if things going in unpredictable way? It is important to understand that buying a property is for the long haul and is crucial to ensure the long term viability of the purchase and not be distracted by short term gains.

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Earn More Profit With Low Trading Cost

One of my friends, Kate started trading on local stock exchange about one year ago after hearing her friends talk about catching stocks on their uptrend and receiving regular dividend payouts.

She didn’t have any experience but just armed with finance and accounting degree and basic understanding of business. She invested in local stock market and a few of her shares went up but she did not hold on to them. She traded aggressively sometimes making as many as 5-10 online trades per day. However, she was surprised to discover that her portfolio was making a loss due to the high brokerage fee. Thus, a brokerage fee is crucial as it will eat into the profits and may actually end up with thin gains.

Brokerage fees are mostly capped at 0.7% of the transacted value. On average, online platform provides charge a brokerage rate of 0.42% while for remisier, the rate is 0.6% of the transacted value. So, it is usually cheaper to trade online.

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MYEG First Interim Dividend @ 0.50 per Share

MYEG Services Bhd is engaged the electronic government services project. Its businesses are divided into 2 categories: government to citizen (G2C) and government/enterprise solution (GES). G2C services refers to the services such as issuance and renewal of licenses, online bill payment, as well as online information services, such as traffic summons checking and online bankruptcy status searches. GES refers to the non-Internet based services, such as software development and maintenance, as well as services rendered at the E-Services Centers.

MYEG 2nd quarter net profit ended March 31, 2012 advanced 16% to RM7.2mil from RM6.2mil against the corresponding quarter in the previous year. In the financial statement, MYEG attributed the improved results due to its implementation of cloud computing services, and higher volumes of road transport department (JPJ) related services. I can see that they are still striving to provide innovative and new services to become Malaysia’s first leading e-government service provider.

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