imDavidLee Dot Com | Mr. Money’s Blog

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.

Read More …

EPF Top Up Saving

Malaysia’s national pension fund EPF, was ranked the 8th largest fund in the world with US$94.66bil. Do you believe this? Apart from investing in domestic assets, EPF continues to enhance to diversify its portfolio into foreign markets particularly in equities.

Although you are not believe with the above facts, but one thing you should believe is you can top up in your EPF Account 1 in order to maximize your retirement savings. The minimum amount for each top up is just MYR 50.00. This saving can only be withdrawn when the toppee reaches the age of 55, or Death.

There may not have strict policy to be a Saving Topper:
- He/She may be a Malaysian or Non-Malaysian Citizens.
- He/She need not be an EPF member.
- He/She may top up to more than one Toppee.

There may have some requirements need to be met as a Saving Toppee:
- He/She must be a registered EPF member.
- He/She must not exceed the age 55.
- He/She must be either a Malaysian citizen or a Permanent Resident.

Read More …

Penang Island House More Expensive?

What I notice something seriously is the Penang landed housing property is going up tremendously. Realizing the Penang land price expensive, it is normal scenario to maximize the profit by building either luxury condo, three stories houses or bungalows.

I have lived in Penang for more than 20 years and I do feel on the rising prices of landed properties in the Penang Island. It’s almost impossible for an average working class to own a landed property. Some going to above MYR600k and some could reach millions of ringgit. As a result, only the upper income group or foreigners can purchase these types of properties.

The building materials price keeps on rising due to fuel price hike and shortage of supply. This has brought huge impact on the construction cost. The developers face the challenges because if it is oversupply, then the prices may drop, or the units left unsold. So market forces will ensure that they cannot keep building higher end units.

Read More …

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.

Read More …

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.

Read More …

Property Price Going To Drop?

I’m planning to buy a house this year, but people said that I must wait as there might be recession and property price might drop. Is that true? Cause I wonder since everything’s price are going up. How is property going to drop?

All developers have increased their prices by 20 - 30% since their material cost (steel and cement) has increased. If they don’t increase their prices, they are building houses for free.

So if you’re buying 300k condo, most probably 200k goes to the location and the building material only cost 100k.
Even got increase also 100k X 30% instead of 300k X 30%. Somehow I may suspect that the developers are taking advantage of current situation to increase their profit as well.

Read More …

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%.

Read More …

Why Support Malaysia Web Hosting?

I have been using Malaysia Web Hosting for about 8 months; so far it never disappointed me at all. If they plan for a server migration or any circumstances, they will first email to all their customers so that you will be aware of it. I believe it same goes to IPserverone. So far, my blog never down, their service is definitely awesome.

Read More …

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 …

Danger Of Drug Abuse

Drug is chronic and it may become one person’s bad habit. It is not likely that anyone with the intention of becoming drug addiction as it may cause painful suffering when stopped suddenly. Besides that, with continue abusing drug will lead to dramatic changes in both structure and the function of the brain.

How serious is drug abuse among young people nowadays? Social pressure is more frequently happen on young people. Most of the youngster use drugs may have several reasons such as curiosity, desire to be part of the gang and a sense of relaxation.

Read More …