Malaysia’s Financial Blogger | Financial Freedom Ideas | imDavidLee.Com

Public Bank Visa Electron Debit Card Annual Fees

I still remember i applied Public Bank Visa Electron debit card since the beginning of year 2007, at that time i used it to verify my personal paypal account. And, i found that it bring convenient for me to withdraw money from paypal to my Public Bank debit card account.

The way of using debit card is totally different from credit card, you will have more better financial management because you need to have enough money in the debit card before you can make any purchase.

My Advise For All Malaysian

Since our government implement the latest credit card scheme, which every principal credit card will be charged RM50 and supplementary card holder charged RM25, then now it’s great chance for you to own debit card. Besides that, the process of applying debit card is very easy and you no need to have income requirement.

Annual Fees of Public Bank Debit Card

Read More …

How Paypal Calculate Exchange Rate?

As you known, Paypal is worldwide acceptable Internet Payment Gateway. And it provides us more comfortable and trustable way to do online transaction.

Back to 3 months ago, I made a $500 withdrawals direct to my Public Bank debit card. And I checked the bank exchange rates (USD->MYR) for that day was 3.18. The exchange rate that appeared on my credit card bill was 3.15 only. That’s an average of 0.03 differences for that transaction. This means that PayPal will straight away convert our withdrawal amount (maximum withdrawal of US$500 per day) to Ringgit at their own lower USD/MYR currency exchange rate. Besides, Paypal also charges $5 withdrawal fee.

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.

Read More …

PB China Pacific Equity Fund

Public Bank will launch its first China fund, PB China Pacific Equity Fund(PBCPEF) today which is 23 October 2007. PBCPEF will invest mainly in China stocks and the balance in North Asian markets such as Japan, Korea and Taiwan. PBCPEF is suitable for aggressive investors who can take risk of market highs and lows to achieve medium to long-term capital growth for their investments.

The Chinese economy is projected to grow consistently at 11.2% for 2007 and 10.6% for 2008. Meanwhile, gross domestic product growth for South Korea and Taiwan is projected at above 4% for 2007/2008 as global demand for electronic products.

The issue price / NAV of PBCPEF is at MYR 0.25 per unit during the 21-day initial offer period of 23 October 2007 to 12 November 2007. During the offer period, a special promotion service charge of 5.45% of NAV per unit is levied. Investors who opt for Direct Debit Instruction with PBCPEF during the offer period will also enjoy the special promotion service charge. The minimum initial investment for the fund is MYR 1k and the minimum additional investment is just MYR 100.