Malaysia’s Financial Blogger | imDavidLee.Com

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.

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Cashflow 101 E-Game

Hi Readers, My name is Calvyn from iCalvyn.com, IT Engineer’s Blog. Thank for our Malaysia’s Financial Blogger -> 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 buying used car. Buying lower price ranges of popular vehicles will cause your car in higher demand market since more people can afford used car 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.

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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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