Monday, June 5, 2017

Stock Market Advice

In bull market, there are many retailers outside there come out and shout this and that but how many of them actually making money from stock market. To be honest, stock market is a cruel place that treat everyone fair. You will see stock price up nonstop for those weak FA counters and price getting lower and lower for those strong FA counters. You will see engineers, doctors, CEO of a company or whatever loss big in stock market. Don't ever apply your common sense on stock market. What you studied in university or working place doesn't apply in stock market. Stock market is a good place to train your emotional, fast thinking & how to manage your own risk. Learn how to protect your own capital before thinking to earn money from stock market. They will loss back what they earn in bull market when the market turns bad. Forever remember that, there is no such stock will up nonstop till sky high and never drop back. It is a cycle that what goes up will come down. Always remember that don't be greedy in stock market. There no such thing that forever winning in stock market. Be grateful if you are winner in stock market. Be humble always. No matter how long you in stock market you will not know what happen next day. Once again, we are glad that everyone making money in stock market. However, our advice is try not to loss back to stock market included your capital. Happy weekend and be a winner & survivor in bull or bear market.

Source: Stock Alliance Telegram Group

Sunday, June 4, 2017

The story of the Nine of the Wealthiest people in the world

In 1923, nine of the wealthiest people in the world met at Chicago's Edge Water Beach Hotel.

Their combined wealth, it is estimated, exceeded the wealth of the Government of the United States at that time. These men certainly knew how to make a living and accumulate wealth. Attending the meeting were the following men:

1. The president of the largest steel company,

2. The president of the largest utility company,

3. The president of the largest gas company,

4. The president of the New York Stock Exchange,

5. The president of the Bank of International Settlements,

6. The greatest wheat speculator,

7. The greatest bear on Wall Street,

8. The head of the World's greatest Economy

9. A member of President Harding's cabinet.

That's a pretty impressive line-up of people by anyone's yardstick.

Yet, 25 years later, where were those nine industrial giants?

Let’s examine what happened to them 25 years later.
1. The President of the then largest steel company (Bethlehem Steel Corp), Charles M Schwab, lived on borrowed capital for five years before he died bankrupt.

2. The President of the then largest gas company, Howard Hubson, went insane.

3. One of the greatest commodity traders (Wheat Speculator), Arthur Cutten, died insolvent.

4. The then President of the New York Stock Exchange, Richard Whitney, was sent to jail.

5. The member of the US President’s Cabinet (the member of President Harding's cabinet), Albert Fall, was pardoned from jail just to be able to go home and die in peace.

6. The greatest “bear” on Wall Street, Jesse Livermore committed suicide.

7. The President of the then world’s greatest monopoly, Ivar Krueger, committed suicide.

8. The President of the Bank of International Settlement, Leon Fraser, committed Suicide.

9. The president of the largest utility company, Samuel Insull, died penniless.

What they forgot was how to "make" life while they got busy making money!

Money in itself is not evil; it provides food for the hungry, medicine for the sick, clothes for the needy. Money is only a medium of exchange.

We need two kinds of education:

a) One that teaches us how to make a living,


b) One that teaches us how to live.

There are many of us who are so engrossed in our professional life that we neglect our family, health and social responsibilities.

If asked why we do this, we would reply that "We are doing it for our family".

Yet, our kids are sleeping when we leave home. They are sleeping when we come back home!! Twenty years later, we’ll turn back, and they’ll all be gone, to pursue their own dreams and their own lives.

Without water, a ship cannot move. The ship needs water, but if the water gets into the ship, the ship will face existential problems. What was once a means of living for the ship will now become a means of destruction.

Similarly we live in a time where earning is a necessity but let not the earning enter our hearts, for what was once a means of living will surely become a means of destruction for us as well.

So take a moment and ask yourself, "Has the water entered my ship?"
I hope not!

Hope the above story will drive all of us in a better direction in life..

Source: Copied from Whatsapp

Tuesday, May 23, 2017

Everything You Need To Know About the EPF

If you are new to the workforce, there’s a chance that you’re still in the dark about what Employee Provident Fund (EPF) account is and what it means for your financials. Let’s get to it and learn more about the main retirement account in Malaysia!

What Is the EPF?

You probably already know this but – just in case you didn’t, EPF is essentially a retirement savings account for employees of the private and non-pensionable public sector. EPF members are made up of these employees and those who voluntarily choose to contribute as well.

The EPF agency collects contributions from employers at a rate of 13% for employees who receive wages of RM5,000 per month and below (and 12% for those earning above RM5,000 per month). Employees also have an option to contribute either 8% or 11% of their monthly wages. The contributions and dividends will be divided into two accounts; 70% goes into Account 1 and 30% into Account 2.
These contributions are mandatory for all employers and employees; it’s also an avenue for employers to provide structured benefits and to fulfil a moral obligation to their employees.

Registering as an EPF Member

Registration is automatic when the EPF receives the very first contribution in your name (based on your Identification Card details) from your employer. You can also register yourself via post or at the EPF counter with Form KWSP 3.
What you should do after you have an EPF number is to sign up for an online account with EPF (i-Akaun). With an online account, you can save yourself the trouble of making the trip to the EPF office for withdrawal requests, getting your current and past year EPF statements, as well as updating your correspondence details and nominations. All these account activities are available to perform online via i-Akaun.

Registering for the online account is simple; all you need to do is obtain the activation code from an EPF kiosk or counter and proceed to the login page on the EPF website to complete your registration, and presto, you’ll have your very own i-Akaun!

EPF Benefits You Should Know About

Apart from the account being a savings vehicle for retirement, you are also entitled to certain additional benefits. Here are four important ones, some of which you may not know about:
  • Dividend Earnings – The EPF guarantees annual minimum dividend earnings of 2.5% - although the average is 5% to 6% for the past 10 years. At this rate, your savings are protected from inflation and builds rather healthily over the long-term.
  • Death Benefit – The next of kin or dependent of EPF members may be given a death benefit of RM2,500 if members have not attained the age of 55 (subject to consideration and other conditions by EPF).
  • Incapacitation Benefit – RM5,000 will be provided to eligible members who apply for Incapacitation Withdrawal and are unfit to work (subject to consideration and other conditions by EPF).
  • Tax Exemptions – Your contributions are tax deductible up to a maximum of RM6,000 per year which is inclusive of your life insurance premium. In addition, dividend earnings from EPF investments are also free of tax.

Can You Make Withdrawals?

You can make withdrawals, but only for specific purposes outlined by the agency. For instance, you may withdraw a portion to perform Hajj, invest in unit trusts, pay for your education, pay down your home loan, fund your medical expenses, or buy property or build a house.

At age 50 to 54, you may withdraw some or all the funds from Account 2. You may also fully withdraw your account if you plan to leave the country or when you reach the age of 55.

Making Voluntary Contributions

If you are unemployed, you may still contribute to an EPF account and enjoy the benefits (subject to terms and conditions). Those who are self-employed, a domestic servant, retired worker or “person not defined as an employee in the EPF Act 1991” may sign up for self-contributions. You can contribute as little as RM50 per month to a maximum of RM60,000 per year.

Still, are EPF contributions the best way to save for retirement? Well, we’re leaning towards the affirmative. For one, whether you are employed or not, everyone needs retirement savings and with guaranteed returns from the EPF, you’ll always have something to fall back on.

Also, since your contributions are tax deductible, you can lessen the amount of taxes you pay each year.

Source: RinggitPlus

Thursday, April 27, 2017

Why are M'sians investing hard-earned money in Ponzi schemes?

When it comes to investing money, the surest investment in Malaysia is your Employees Provident Fund (EPF) account. The EPF is mandated by law to pay a minimum return of 2% per year and deposits are fully guaranteed by the government. The only way anyone will lose money is if the government goes bankrupt, and that is not going to happen as it stands.
When it comes to investing money, the surest investment in Malaysia is your Employees Provident Fund (EPF) account. The EPF is mandated by law to pay a minimum return of 2% per year and deposits are fully guaranteed by the government. The only way anyone will lose money is if the government goes bankrupt, and that is not going to happen as it stands.

THERE is never a sure thing when it comes to making money. Risk, which ranges from low to high depending on the venture a person gets involved in, is ever present.

When it comes to investing money, the surest investment in Malaysia is your Employees Provident Fund (EPF) account. The EPF is mandated by law to pay a minimum return of 2% per year and deposits are fully guaranteed by the government. The only way anyone will lose money is if the government goes bankrupt, and that is not going to happen as it stands.

Even unit trust companies and share investing is dependent on the stock market and the quality of the listed company a fund or people buy. Mutual funds and share investing do post losses when the markets turn sour, but blue chips have always delivered over time and having a diversified portfolio of the best companies in Malaysia is one way of seeing your money, with calculated risk, grow over time.

A stable return is also ensured if a person puts his money in fixed deposits, as banks in Malaysia are not going to fail given the current economy.

And this begs the question why are Malaysians investing so much of their hard-earned money in Ponzi schemes that up to now are seemingly free to go about their business in the country?

Bank Negara on its website has a list, which it says is of companies and websites that are neither authorised nor approved by the relevant laws and regulations administered by the central bank.

The number of companies and websites it has now warned of totals 288, according to an update on Feb 24. Furthermore, Bank Negara says people who choose to invest in such schemes or illegal financial service providers have no consumer protection under the laws administered by Bank Negara. In plain English, it means that if you were to lose your money, then it’s just too bad.

It also goes to say that people who participate in illegal financial activities could be charged under the law as abetting the operators of such illegal activities.

A perusal of the list of companies Bank Negara has published shows that a large number of companies that are not approved by Bank Negara laws are involved in gold trading, forex trading and what it calls unlicensed activities. One has to think that what unlicensed activities mean is deposit-taking activity, where people invest or deposit their money in firms in the hope of a sizeable future return.

The first thing that should jump at people in assessing a questionable scheme is the returns being promised. Promises and guarantees of supernormal returns, in many cases more than 10% a month, from companies that have a shallow history or suspect background should not be enticement to invest. It should send a warning signal that the scheme cannot be trusted.

The other good news from the fallout from dubious schemes is that the government is now looking at closing loopholes that have allowed dubious financial schemes to flourish all this time.

The Domestic Trade, Cooperatives and Consumerism Ministry, the police, Bank Negara and other relevant departments have been asked to draw up plans to deal with the scourge of such schemes.

The other thing the prevalence of such schemes has shown is that there is a need for financial education at all levels. While the need of having such education stemmed from dealing with the problem of household debt and bankruptcies, people need to be educated on realistic financial goals as well.

While greed certainly is the motivation to invest in dubious financial schemes, the public should know that those who profit do so at the expense of many who have lost money in chasing a quick buck.


Wednesday, March 29, 2017

70 days in, Donald Trump’s presidency is flailing

During the 2016 campaign, Donald Trump broke every rule of politics — and he won anyway.

He dominated the Republican primary by running against the Republican Party. He repulsed the GOP’s key leaders and emerged all the stronger for it. He delighted in conspiracy theories and schoolyard insults. He contradicted himself routinely, but managed to sell his flip-flops as evidence of pragmatism rather than proof of dishonesty. He knew nothing about policy, didn’t bother to learn more, and profited from the uncertainty about his true positions. His campaign was clearly assisted by Russian hackers, but the story was overwhelmed by the obsession with Hillary Clinton’s emails.

And then, of course, there was the election itself — Trump trailed in the polls, barely built a field operation, lost the popular vote, and then won the presidency.

Like many who covered Trump, I found it hard, after all this, to predict the likely path of his presidency. Perhaps he could defy every norm and succeed there too. But with every day that passes, Trump is looking more bound by the political system he promised to upend. The outcomes we’re seeing look like what you’d expect from an inexperienced, unfocused president who’s more interested in tweeting out cable news commentary than learning about the government he runs and the policies he wants to change. Merely 10 weeks into his term, the processes, skills, and institutions Trump flouted as a candidate are breaking him as a president. Consider his record so far:

Health care, Trump’s top priority, crashed and burned. Trump didn’t understand the American Health Care Act nor the legislative maneuvering that would be required to pass it. He endorsed the most unpopular piece of legislation in memory and then declared defeat after only 17 days. In doing so, he made everything else on his agenda harder, because he showed he doesn't have the stomach for a long congressional fight or the ability to sell complex, challenging proposals to the public.

Trump is historically unpopular. Less than three months into his presidency, Trump is less popular than Barack Obama was at any point during his two terms. To underscore Trump’s dubious achievement here, he is more unpopular with unemployment at 4.7 percent than Obama was when unemployment was 10 percent! It took President George W. Bush a disastrous war to hit Trump’s current polling nadir. This, too, makes everything else Trump wants to achieve harder — vulnerable congressional Republicans have little political incentive to back a president this unpopular on a hard vote.

Trump’s most consequential executive orders are stuck in the courts and imperiled by his words. So far, Trump’s most unusual and controversial policy change is his executive order banning travelers from a number of majority-Muslim countries. But the slapdash first iteration of Trump’s order was stopped by the courts, and the substantially scaled-back sequel suffered the same fate. The biggest problem Trump faces here, fittingly, is his own words: Having said he wanted an (unconstitutional) Muslim ban, it is difficult for him to convince the courts that the policies descending from that promise are not targeting Muslims.

Trump’s administration is historically understaffed. To fill his government, Trump needs to clear 553 political appointees through the Senate. According to the Washington Post’s tracker, he has only confirmed 21 and only nominated another 40 — a pace that puts him far, far behind his predecessors. The result is that critical positions ranging from chief economist to undersecretary of state remain unfilled, and so large swaths of the executive branch are operating without direction, oversight, or alignment with Trump’s agenda. This is why there’s something comic about Trump appointing his son-in-law to lead a task force on improving government; to build a better government, first you need to understand how to work the one you’ve got.

Trump’s White House is leaking and divided. Trump has done a better job filling positions inside his own White House, where the Senate’s confirmation process doesn’t apply. But already, his key staff have dissolved into infighting and factionalism. The story, of late, is that the conservative wing of the Trump administration — led by the often-squabbling Reince Priebus and Steve Bannon — is trying to head off a power play from the New York business establishment of the Trump administration, which is led by Jared Kushner and ex–Goldman Sachs VP Gary Cohn. The amount of leaking both sides of this battle are doing is intense, and does not bode well for the White House’s internal processes.

Trump’s administration is under investigation, and there are already casualties. It was weird, during the campaign, to watch Russia helping Trump, and being helped by Trump, and to have the media treat it as a curious sideshow. But that’s over now, and the fallout has already consumed National Security Adviser Michael Flynn, who was perhaps Trump’s most dangerous and abnormal key aide. The investigation being mounted by the Senate seems increasingly serious, and Trump’s efforts to mount a counteroffensive — like with his tweet falsely accusing the Obama administration of illegally wiretapping Trump Tower — are backfiring.

Trump is not able to unite the GOP’s warring factions. An interesting lesson of the health care bill’s failure is Trump has no magic fix for the internal tensions that consumed John Boehner’s speakership. It is striking how taken aback he was by the resentments and factions splitting House Republicans. “He's got a lot of factions,” Trump said of Paul Ryan’s failure to pass the bill, “and there's been a long history of liking and disliking even within the Republican Party. Long before I got here.” It’s a sign of how weakened Trump is that his White House is worrying they won’t be able to prevent a government shutdown even though their party holds complete control of Congress.
Trump isn’t normal, but the system around him is

If I had told you that America would soon elect an unpopular, undisciplined, inexperienced, scandal-plagued reality television star to the presidency, and that he would staff his White House with warring advisers who had never worked in government, you likely would have predicted a presidency that looks very much like the one we have now.

Which isn’t to say Trump hasn’t accomplished anything, much less that he won’t. I expect Gorsuch to be confirmed, for instance, and a number of Trump’s executive orders are consequential — like the climate change directives released this week. And if nothing else, Trump prevented Hillary Clinton from taking office and turning the Supreme Court Democratic for the first time in a generation. As one Republican Hill staffer said to me, “if we get Gorsuch and avoid a nuclear war, a lot of us will count this as a win."

But what we’re learning, day by day, is there’s no magic to Trump. When he does things people hate, he becomes unpopular. When he backs bad legislation and bad processes, the bills fail. When he doesn’t prioritize staffing his government, his government doesn’t get staffed. When he doesn’t choose aides who know how to manage a presidency, his presidency careens forward unmanaged. When he doesn’t spend time learning about the policies he backs, he’s unable to persuade the American people of their benefits. When he doesn’t build deep relationships with the legislators in his party, he proves unable to corral them.

Trump has not found a shortcut for American politics. To succeed at a hard job, he has to work hard in ways and at tasks that he has, thus far, shown little aptitude for or interest in.

Trump himself may never be a normal president, but the system he leads remains more normal than many expected. While it's easy to imagine scenarios where that ceases to be true — a terrorist attack, for instance — the fact remains that so far, incompetence, not autocracy or even ruthless efficacy, has defined the Trump administration. He has achieved much less than his predecessors at this point in their presidencies, and he has done so at great cost to his own popularity. Trump is struggling with the same veto points and limitations that frustrate all presidents, but he is further held back by his own inexperience and undisciplined approach.

It is possible Trump will yet recover. But it is also possible he’ll enter a failure loop, where his unpopularity and his scandals and his failed initiatives and his poor management lead to more public anger and more aggressive congressional investigation and more failed initiatives and more fracturing and infighting among his staff. The 2018 elections are a long way away, but Trump is off to a very bad start.

Source : VOX