Category — News
Awareness On Retirement
Prudential Malaysia have an awareness campaign on the importance of retirement planning among Malaysians. The latest is "What’s Adam’s Number Challenge" contest. Check out the article here. The contest is here Find out about your own retirement needs as well.
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December 21, 2009 No Comments
Investors Waiting For Opportunity
I got this graph from TheEdgeDaily site, which reports on investments in Malaysia. According to an on going poll which currently 357 has voted, close to 50% are spending less on non-essentials. While you might think a larger portion might be looking for part-time jobs, the second largest group is actually waiting to invest in hammered down shares!
snapshot via TheEdgeDaily.com
I don’t think the people who visits this site regularly represent the whole population but rather a small group of people who are quite focused on investments. Thereby skewing the results of this poll.
Yet it is interesting to note what opportunity minded investors do. Buy when investments are cheap and when people are afraid. Which category are you in?
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March 17, 2009 No Comments
Saving Money With Free Stuff
Most of you would agree that getting stuff for free is great. After all, who doesn’t want free stuff. I know that nowadays, many such freebies comes with strings attached.
There is one I found out and I think the strings is pretty thin. So check it out if you have not. Sometime last year, I wanted to book tickets online and found out that GSC cinemas have a free ticket, once a year for those who register on their website here.
You get a free ticket for selected movies on the month of your birthday. All you need to do is to register first off course, print out an online form, fill in your details and hand the form to the counter. Bring along your IC because they need to verify your birthday month.
The only thing so call string is that GSC will email you once a week about what movies are showing but that’s not too bad. Just add a filter to your mailbox if you find it too much of a hassle to click delete. I have not redeem a free ticket yet but let me know how it went for you.
Anyway, check it out.
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January 7, 2009 Comments Off
Banks’ Multi Billion Losses From A Scam
I picked up this while browsing Yahoo finance yesterday and today, it seems that many international banks’ are exposed to multi billion losses from this scam. If you have not heard it yet, this alleged $50 billion fraud created by Bernard Madoff, a former chairman of the Nasdaq Stock Market.
Among the list of potential victims are Royal Bank of Scotland and Man Group, Japan’s Nomura, France’s Natixis and HSBC Holdings. With the markets still reeling from the effects of the US credit crunch, investors will be more than nervous.
Reading the article brings a tinge of sadness and of anger. That once again, greed had influenced a well respected person to act in such a manner. The full article from IHT is here
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December 16, 2008 Comments Off
All It Takes Is A Good Reputation
I read that several well heeled investors, banks, hedge funds and even the Securities Commission was duped by New York broker Bernard Madoff’s alleged giant pyramid scheme. Reports from the Wall Street Journal is saying losses are in the region on millions and up to a billion for Union Bancaire Privee, a major asset management institution specializing in hedge funds. By the way, the list of potential victims is still growing.
For the ordinary man in the street, to be scammed is probable due to lack of knowledge or the ability to do a thorough due diligence. You would have thought that these professionals entrusting millions and billions of dollars would have scrutinize the scheme/scam a bit more thoroughly.
Does this mean that all you need is a good reputation and you can be start a scam? Maybe and maybe not. And if the SC was duped, what else are we going to be unpleasantly surprised next? Something worts than the credit crunch?
Full story here
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December 14, 2008 Comments Off