Commodity prices fluctuate tremendously. The reason is because demand could go up very fast but supply could not suddenly increase. Coffee trees for example takes 5 years to mature and could only produce 1 POUND of roasted coffee in that year. Read here to understand more about coffee tree. Thus, when prices are up, more … Read moreCheaper coffee bean prices. Better prospect for property? 😛
We often look at investments and its attractiveness based on how fast and how high. How fast is in terms of duration and how high is usually calculated in absolute number of percentage of returns. Property investment should be one of the SLOWEST but may just be one of the HIGHEST based on return on … Read moreHow fast could I earn my money back?
Who is a mortgage slave? We could briefly say that these are the people who owe the banks lots of money for their property purchase and is currently paying for it by using a lot of their monthly salaries every month. How much is considered a lot? According to an article as early as 2006 … Read moreMortgage slaves in Malaysia?
We often think of investment as something easy. Just put in some of our hard earned money and watch it grow into a huge pile of money at the end of a certain period. Sometimes the period could be every month, every quarter and usually every year. Yesterday someone representing a bank called me to … Read morePeople say price sure up, so I buy.
Tan Sri Dr. Zeti Akhtar Aziz is an extremely accomplished banker (Bank Negara Malaysia governor for 16 years) and a well respected one too. She’s also the first woman to head Bank Negara Malaysia (BNM). When she was ‘younger’, she was part of the team who advised our 4th Prime Minister on the pegging of … Read morePNB’s investment direction by new chairman; diversification is vital.
I had lunch with a close friend who is doing well today (financially). His loan for a RM1,000,000 home was just approved last week. It’s no longer his first 2 properties, so he needed to have 30% deposit for it. (Yes, that’s RM300,000 downpayment) His first role in the working world? He was a despatch … Read moreAnyone happy with a lower salary? Not me. (but I could not change the world)
Today, a friend posted on Facebook that she is proud of her car (happened to be an Exora) and has no wishes to change her car. Many wrote in to support her comment and said that just because someone owns a more expensive car does not mean they are more successful. Some gave examples of … Read morePreference means one could but chose not to. Period.
“Could her loan be approved if she’s taking 90 percent?” “If not, what about 85 percent then?” “Oh, you mean without her increment, her loan application may be rejected but now with her increment, the bank will usually approve?” These three sentences were a conversation between a good friend with his banker friend. He was … Read more4 reasons why we should not over-stretch (debts wise)
We have a degree. We have a good job. We saved money. We bought a new Segment B Japanese car. There’s the Vios, City, Mazda 2 and the Almera. We drove it to a friend’s party. How likely will all our friends be swarming over that car and congratulate us that we have finally ‘arrived…’? … Read moreFocusing on what really matters
What if the property we are staying now dropped in value? For example, from the usually transacted RM500k, it is now usually transacted at just RM400k? We have lost RM100k on paper. If we sell, we have lost RM100k in cash. If we have holdings in the stock market and a bear market arrives, we … Read moreDrop in household net worth is scary.