Hey YOU..DoN't B1OcK the BlOgGerZ

March 22, 2007

Good sign...Will it sustain ?

Filed under: Investment

Ringgit hits nine-year high against dollar

March 22 2007

THE ringgit rose to its highest level in nine years against the US dollar yesterday, with dealers saying comments made by Prime Minister Datuk Seri Abdullah Ahmad Badawi helped push the currency to close at RM3.4730/3760 against the greenback.In an interview with Reuters and CNBC, Abdullah said the Government prefers a stronger currency.Dealers said Abdullah’s comment was an indication that the Government would not resort to intervention in the foreign exchange (forex) market just to keep exports competitive.Across Asia yesterday, currencies appreciated against the dollar, which dealers said also declined following reports that the Bank of China would stop amassing forex reserves.Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz told reporters yesterday that as the economy continues with its present growth trend, appreciation of the currency is expected.

Taken from Btimes.com.my emoticon

March 20, 2007

Story To Ponder

Filed under: Personal

Dr. Arun Gandhi, grandson of Mahatma Gandhi and founder of the
M.K.Gandhi Institute for Nonviolence, in his June 9 lecture at the
University of Puerto Rico shared the following story:
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~============

I was 16 years old and living with my parents at the institute my
grandfather had founded 18 miles outside of Durban, South Africa, in the
middle of the sugar plantations. We were deep in the country and had no
neighbors, so my two sisters and I would always look forward to going to
town to visit friends or go to the movies.

One day, my father asked me to drive him to town for an all-day
conference, and I jumped at the chance. Since I was going to town, my
mother gave me a list of groceries she needed and, since I had all day
in town, my father asked me to take care of several pending chores, such
as getting the car serviced.

When I dropped my father off that morning, he said, "I will meet you
here at 5:00 p.m., and we will go home together."

After hurriedly completing my chores, I went straight to the nearest
movie theatre. I got so engrossed in a John Wayne double-feature that I
forgot the time. It was 5:30 before I remembered. By the time I ran to
the garage and got the car and hurried to where my father was waiting
for me, it was almost 6:00.

He anxiously asked me, "Why were you late?"

I was so ashamed of telling him I was watching a John Wayne western
movie that I said, "The car wasn’t ready, so I had to wait," not
realizing that he had already called the garage.

When he caught me in the lie, he said: "There’s something wrong in the
way I brought you up that didn’t give you the confidence to tell me the
truth. In order to figure out where I went wrong with you, I’m going to
walk home 18 miles and think about it."

So, dressed in his suit and dress shoes, he began to walk home in the
dark on mostly unpaved, unlit roads.

I couldn’t leave him, so for five-and-a-half hours I drove behind him,
watching my father go through this agony for a stupid lie that I
uttered. I decided then and there that I was never going to lie again.

I often think about that episode and wonder, if he had punished me the
way we punish our children, whether I would have learned a lesson at
all. I don’t think so. I would have suffered the punishment and gone on
doing the same thing. But this single non-violent action was so powerful
that it is still as if it happened yesterday.

That is the power of non-violence.

March 13, 2007

Why must you invest in Unit trust ?

Filed under: Investment

Why Must you invest in Unit Trust ?

1. Diversification - Diversify the way you manage your $.

2. Dollar Cost Averaging - buy the units at average price to make more profit.

3. Liquidity

4. Capital Appreciation/growth - E.g During buying Each unit cost 0.05 cents 3 years later the same unit cost 0.10 cents , so the price per unit appreciated by 0.05 cents.

If you bought 4000 units for RM1000 (selling price @ 0.25cents) , capital appreciation of 0.05 cents will result selling price to 0.30cents.

4000units x 0.30 cents = $ 1,200 . emoticon

Conclusion : You made profit RM200

What to watch out when Investing in Unit Trust

Filed under: Investment

Some Basic guidelines when you have decided to Invest.

Im a investor and also Unit Trust Consultant so my advise would be following :-

1. Which company we’re investing ?
2. Which fund you will be selecting, look at the service charge.
3. What is NAV and buying price for each unit.
4. Is there any Dividen declared after financial year?
5. Is the Fund Manager’s conservative ?
6. What are the services provided by the Unit trust consultant?
7. What are the ways to mitigate risk involved ?

8. How is the other fund performance ? Look at the quaterly fund review. Compare the returns with FD/Inflation rate & KWSP.

Important : Assess your risk profile & identify them accordingly.

Secondly what is your objective for investment , why you need to invest ? Is it for old age, for children education, to buy house or etc. One need to identify the risk profile accordingly. When there is some profit making , decide what need to do ? You might want to lock the profits to secure the investment.

Investment in 2007

Filed under: Investment

I started investing in leading unit trust -public mutual 1.5 years back with minimum RM1500 and today it is making about extra RM500 as of today’s date.. not bad. If i have put in FD i would have been getting Xtra $94.25 :( , so my decision was good. I just want to let it be there and grew…

This Year i wanted to something worthful in my life, somethin which i dare not think about..FINANCIAL ..yes, So I decided to be Insurance Agent. After giving thought, weighting the pros and cons.. I felt Malaysia had been mushroomed enough of Insurance Agent . So I started to decide.. TING..gotcha, I decided to be a Unit Trust Consultant.

Emm it is not easy..I need fork out RM247 +Rm15 to be one + a tough Exam + a CUTE class + revise thick book + Calculation… pheewwww…

U know how i studied, one day before the exam.. i went through the Mock exam and i FAILED miserably..tension giler.. I sat and study again.

The next day was exam + Valentine day. My bf was very well known for his kind heart so he dropped me at the Center in PJ, informatics SS2. Damn looking for the Center is very challenging. We spend 1 hour looking for the place and it is just right infront of us. We missed it because it doesn;t have any signage.. Can You believe that Informatics center without signage/board.

Sat for the exam in Prometric stlye..Single click and your result is there !! Yes I passed the exam successfully however i was waiting for results from FMUTM ( Federation of Unit Trust Malaysia).

In my upcoming blogs i will be including alot of information on Investment and how do we maximise our wealth in better ways.

March 11, 2007

Melvin's Last Few Days in Shell

Filed under: Personal

Today Is Melvin- My best Collegue last day. All of us went to Alamanda to have a "bye-bye"party. Since he is the Master we requested him to choose the place. He choosed Secret Receipe.. Suhaila, Jason,myself and Melvin.. walked thro Secret Receipe…sat and ordered food..All of us are kinda of shock when he mentioned that he is leavingemoticon, cause he is one of the best of person ..good attitute.Positive and bright person.. Anyway world is smaller.. we would be able to meet up with him soon. emoticon

March 4, 2007

Photo Shots

Filed under: IT in ME

Please visit http://vilves.fotopages.com






















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