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Do You Invest In Unit Trust ?

I owned some public mutual funds and the prices dropped so badly since the day I put in money. Now the loss is about 5%-8%. Anyway, now is not a good time to invest in UT. The financial professional predicted that the market would continue to go down until 2009. If you feel that it’s the best time to go in then you can make a commitment to invest consistently and wait for the market to reach the up cycle again and you can sell off all your units for a handsome profit.

You should make sure that you do not take unit trust as something to earn money but it’s for saving money. The amount that you plan to invest is not money that you plan to use anytime soon. Anyway, it’s better than you put your money into FD that may be cannot counter the inflation rate.

Unit Trust is different from insurance; you can just sell off unit trust easily and get your cash after deducted transaction fees. However, there are terms and conditions for insurance policy. If you terminate the policy, you will suffer by paying penalty and enjoying low return only unless invested for a certain number of years.

Take note: Investing does not necessarily have to be risky. You need to understand what you are investing in. Understand the rules regarding each type of investments and then make an informed decision. Then investing is not that risky.

Cashflow 101 E-Game

Hi Readers, My name is Calvyn from iCalvyn.com, IT Engineer’s Blog. Thank for our Mr. Money for giving me this opportunity as a Guest Blogger to bluff here.

I read “Rich Dad Poor Dad” during my academic time and a great number of people from Multi Level Marketing read this book mainly for self motivation. Besides, I also saw people play Cashflow 101 board game before. Most of them have their same word and said that this is a wonderful game. However, one set of Cashflow 101 board game cost few hundred USD and sadly said that I was not afford to buy even 1 set of board game at that time.

I had surveyed on Cashflow 101 chinese version which also sell in Popular book store cost about MYR350-MYR400. Damn expensive !!! Thus, E-game is the only alternatives. I tried to search over whole lowyat plaza but unfortunately i could not find Cashflow 101 P-Version which is the most people like it. At last, I manage to find a copy from a small retail shop at Penang. According to the shopkeeper, he said this E-Game is not so demanding, and not much people know how to play cashflow 101 e-Game.

Robert Kiyosaki, the author of Rich Dad Poor Dad, also the creater of Cashflow 101. He always mention that for working class people just similar to “a rat in the race”. To run out of rat race, we need to know how to manage our cash flow. Read More …

Reason For Buying Used Car

These days with the high cost of new cars cause lot of people prefer to buy affordable used car. Buying lower price ranges of popular vehicles will cause your car in higher demand market since more people can afford these vehicles than higher price cars, so it will much more easier to sell.

You can get tons of information about vehicles through Internet. In fact you can even find more details of your favourite vehicle before you buy. Normally, a more informed buyer is a buyer less likely to make a bad deal on the car.

Read More …

Important To Choose Investment Style

Knowing what is your investment style are will help you to choose investment type more accurately. There are really only 3 specific investment styles, which can be conservative, moderate, and aggressive.

Naturally, if you found yourself have a low risk tolerance, then your investment style will most likely to be conservative or moderate. In contrary, if you have a high risk tolerance, you will most likely to be an aggressive investor. Meanwhile, your financial goals will also determine your investment style.

Conservative investor want to maintain their capital in their investment. This type of investor usually invests in common stocks, bonds, unit trust and interest earning savings account. Thus, they are more likely on early retirement. I am one of the conservative investor and have an unexpected huge amount of money put into Bank Fixed Deposit. This is just for preparation or cash flow at best.

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Why Bankruptcy?

If someone who has officially declared that he cannot settle the amount that he owes then he will be considered as bankrupt. In Malaysia, the minimum amount of judgment debt amount to declare bankruptcy is MYR30, 000.

There will have 6 months for you to make full settlement or negotiation after the bankruptcy notice is issued. If you did not response, you have committed an act of bankruptcy.

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Friendless Budget 2009

Budget 2009 is to focus on helping people cope difficulties caused by high fuel price and food price. But for me this is a budget tailored for civil servants only.

As you known, for those who are smoker always will not be good news when new announcement is made. It is increased by 3 cent from 15 cent per stick to 18 cent per stick. For a 20-stick pack of cigarettes is now increased by 60 cent. It’s nothing special actually because smoker, gaming related industry already prone to tax. It’s meant to discourage people from these activities.

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Buying Car Without Financial Burden

A lot of people are willing to pay more for something that better meet their lifestyle and these people feel that driving a luxurious car is important, and they’re willing to carry the burden.

Actually I have planned to buy a new car without using my fixed employment salary. How to achieve that? Using my extra earning from Internet to make monthly payment for a new car. This is my challenge and perhaps next year will be the most suitable time to buy a new car.

Assumed that the car that I plan to buy is MYR40k. Down Payment that im willing to make will be MYR20,000-MYR25000. Lets take MYR20k, and get loan amount MYR20k for 7 years with interest rate 3.8%.

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Think About Job Bonus Before Quit

A job bonus may be based on the employee’s performance. Measurements of performance such as hours worked, overtime, sales revenue produced.

Some company may reward employee as profit sharing for the productivity made and improved product quality. This is to encourage employees to understand how their work affects the company’s performance and profitability.

Every year when those bonuses are cashed, you may notice that the resignation letters start flowing in. There may have common reasons like what I have seen before:

1) Money: Most people jump to another company, as they believe that it will be the faster path to higher earnings.

2) Lack of Challenging: Sometimes people were not think about compensation but more on responsibility.

Read More …

Make Money From Recycling

You can recycle all your unwanted items; this is to reduce the waste. Besides, don’t feel that those old unwanted items might be junk to you because it might be useful to someone else.

Make money taking care of the environment is the value of appreciation. Recycling newspapers is one way to get money without getting another job. You can have many ways to collect old newspapers. My ideas is you can try to write a sign and post it on notice board, have it say, “Free up space in your home, send me your unwanted newspapers!” Or go to coffee shops and ask for some.

“Reduce, Reuse, Recycle” should go without saying. Reducing the amount that we consume, and shifting our consumption to well-designed products and finding constructive uses for “waste” materials will become the next.

As a matter of fact, Zhang Yin, a 49-year-old paper recycler from China is the world’s richest self-made woman.

So, what are you waiting for? Faster take an action !!!

Shop In Smarter Way

Yesterday, I bought some necessity stuff from Supermarket and noticed that less people going to shop around recently even during promotion period. From that moment, I start realized the ripple effect of petrol hikes. I just wonder how’s the future will be !!!

The increase in fuel will eventually force me to be calculative indeed. No choice!! As a middle-income earner, this petrol hike is just too much for me to think of. With all the stupid reasons given for the hike, it is still the public suffer a lot.

Being “A” Good Decision Maker For “A” Buyer…

Today is totally different from the day before today !!! We should spend more time to do more comparison and price analysis of every single item.

For instance, when I go to buy 100Plus soft drink, I will take a few packing style as my consideration.

As a matter of fact, normally canned drink would cost you more if you calculate precisely.
If you plan to buy 1 box (24 Tin with 325ml each), it may cost you about MYR 28.90 nowadays…So, each tin will cost you about MYR 1.20.
So, 100ml yields MYR 0.36…

But if you buy 1 bottle (with 500ml), it may cost you about MYR 1.55.
Hence, 100ml yields MYR 0.31 only…

In fact, there may have another good option for you to decide. If you buy 1 bottle (with 1.5L, 1500ml), it may only cost you about MYR 2.50.
Thus, 100ml yields MYR 0.17 only…