Malaysia Financial Blogger | Financial Freedom Ideas | imDavidLee.Com

Being Employed vs Self Employed

Being employed or to run your own business, which one is better? To me, there’s no definite answer. It’s how you view it. However, there’s one common factor between them i.e. no matter whether you are an employee or an employer you will face risks.

There’re a lot of people who asked me, why do you want to set up your own business? Between being employed and to run a business, which has the higher risks? During our school years, we are told by our teachers and parents to study hard so that we can secure a good job in the future. If that is so, then why should we start a business? Thus, there is no right or wrong answer to this issue. Everyone deserves a life of his or her own choice.

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Latest Scam In Malaysia: Island Red Café

Recently I have received a lot of complaint about Island Red Café investment as they claimed that they stopped receiving the vouchers and cash payouts earlier this year. After careful investigation by police, it’s officially announced that this business is a scam.

Here, I would like to remind all of you, before making any type of investment, you need to do your own research and don’t fully trust their business plan as they may fool you around. For example, in this situation, you need to see the Island Red Café environment first, and taste their foods & service. Check back my previous articles about Why I Don’t Dare To Invest?

Island Red Café Is A Scam Business

Island Red Cafe collects members RM6, 000 each and promised will give 5% return every month and even give you a name in the black & white agreement as a shareholder but what’s the point if they run away? In fact, you cannot do anything; you just can go to their shop and take all their business equipment such as the furniture (table, chair, fan…) after they declared themselves bankrupt.

Island Red Café Business Plan - Ponzi Scheme

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Malaysia Most Successful Gaming Industry - Genting Casino

Many people also know that Genting Casino in Malaysia was a well known casino operations, which generally attracted a lot of people, come from different countries of the world. Hence, Genting is the one of the tourism that become high profit generator in Malaysia.

The Singapore Casino, which is run by Genting International. I have been thinking whether the effect of the financial crisis will affect the Genting Casino gaming industry?

Based on my personal analysis, the shares price on Bursa Malaysia have been on the downtrend since the March 8, 2009 general election. In addition, the knock-on effect of the sudden hike in petrol prices and weakening consumer buying power has much affect the Malaysia economic. However, one stock that continues to be favored is, one of the best-managed stocks in Malaysia, Genting Bhd.

Genting Share Price Drop After Lost Its Founder

Genting share drop from RM9.90 to the share price at around RM5.60 since April 2007. It was lower than the share price of RM6 after March general election. I guess should be caused by the lost of its founder, Tan Sri Lim Goh Tong, at that time.
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Basic Guidelines For Applying MSC Malaysia Pre-Seed Fund

If you are planning to start own business with new and creative idea then MSC Technopreneur Pre-Seed Fund may be a great chance for you. It is a good opportunity for you to become your own boss.

This fund is really helpful for those who have a good business idea in ICT field but do not have the capital and meanwhile do not want to apply loan from bank because they are not 100% confident in operating business. Through this program, you can get a fund up to RM150k and don’t need to pay back upon certain conditions!!! Existing companies are not eligible to apply.

I will share with you what I’ve heard from other people who attend the seminar held by the MSC Pre-Seed fund committee. They have learnt about how’s program work and also attended a talk given by success applicants of the fund.

What I Know About MSC Pre-Seed Fund?

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Island Red Café Investment Plan

Have you heard Island Red Cafe, like Old Town style restaurant? It is multi level marketing which recruiting more members to join then can get commission. You need to invest RM6000 then can enjoy 5% fixed guarantee return each month without recruiting any members. For me, it sounds like a pyramid scheme.

Why I Don’t Dare To Invest?

I took dinner with one of my friend at there last time, food is not very good, services also very bad, and there have a lot of market competition already, plus they do not have something special about their franchise. So, common sense, if food not tasty, for sure business will be affected, so will they still able to pay 5% as fixed guarantee return?

Good Payout Is Not Equal To Company Making Huge Profit

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