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I feel very lucky, I really do.

I saw these photos maybe a year ago. Real shots of real living conditions for the poorest segments in Hong Kong. Due to the prices being way too high for many of these poorest, their living spaces become so small, so cramped. As time passes, these people who got left behind never did make it … Read moreI feel very lucky, I really do.

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Latest update, Interest Rate, Malaysian economic situation

Malaysia central bank governor Zeti Akhtar Aziz said that a prolonged period of accommodation could encourage investors to misprice risk and misallocate resources. In laymen terms, this simply means that interest rate cannot be low all the time because people may take too much risks and simply buy,buy, buy or also known as speculate.  This … Read moreLatest update, Interest Rate, Malaysian economic situation

Buying properties? Think big, start small, my view

A senior manager colleague shared with me that over 10 years ago, he bought a shoplot. In his mind, he was thinking BIG. Despite just starting, he aimed at commercial property due to the potential huge profit. Alas, nothing happened after it was completed. He thought it was the worst investment he has ever made … Read moreBuying properties? Think big, start small, my view

KL Hotels – 5th Cheapest in the world

This is something that I told many of my overseas colleagues and they AGREE. Yet, my colleagues and friends in Malaysia said, nolar, not true. Then they say, hotels in Myanmar, Thailand etc are cheaper. It is ok, just let it be because most of the time I am not staying in hotels in Malaysia … Read moreKL Hotels – 5th Cheapest in the world

Moody’s rating for Malaysia and the 86.8% household debt versus GDP

In The Star online today (26 March), Moody’s Investors Service said that it expects Malaysia to be able to withstand external financial shocks due to its strong external position and large pool of domestic savings.Currently, Malaysia is rated at A3 (positive). What’s the meaning of this rating? The actual definition is ‘Rated as Upper Medium … Read moreMoody’s rating for Malaysia and the 86.8% household debt versus GDP

What is Base Rate and why is it replacing Base Lending Rate?

I remember long time ago, when I took my first home loan, it was BLR + 1%. Then, it became just BLR. Soon it became BLR – 1% and today we can find home loans which are BLR – 2.4%. Base Lending Rate was supposed to be what it’s name suggested, the base lending rate. … Read moreWhat is Base Rate and why is it replacing Base Lending Rate?

Come on, just fill in and sign. Be responsible!

Touch wood but if something happens to you today, do you know where would your EPF money be going to? Your parents? Your current wife? Ex wife? Children? Who? According to Deputy Finance Minister Datuk Ahmad Maslan, 9.75 million out of 13 million EPF contributors have yet to name their nominees for their savings in … Read moreCome on, just fill in and sign. Be responsible!

Buying a new car may just be a better choice than property

A younger friend asked me recently, should he buy a car or a property. I said, ‘You think I will tell you to buy a property instead of a car?’ He smiled and nodded. I said actually for you, you should buy a new car first. Seriously ladies and gentlemen, if the car you are … Read moreBuying a new car may just be a better choice than property

Washing Machine, Oven, Cooker Hood and more for your new home?

Recently, I realised that a lot of people do not actually know the typical prices of electrical goods. Thus, some would spend way too much for something which they may not yet need or may never need. When they need they may no longer be staying at the same place and may be moving to … Read moreWashing Machine, Oven, Cooker Hood and more for your new home?

Malaysia – Ageing population – Stats and Steps

Are you worried of old age? I worry about old age. I worry if I would have enough money to last me until the day I leave this world when I am no longer fit to work but still fit enough for morning walks and watching TV. I always tell my wife, we must plan … Read moreMalaysia – Ageing population – Stats and Steps

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