Filed under: Uncategorized
Result is in. Those who select Arsenal players (Fabregas especially) will get max point. The rest tanked. You get result from unexpected players, like Shawcross, even Jason Koumas.
I am perplexed as to why the stock market is up, even though the retail consumers are not spending. US ppl are saving more, spending less, jobless at 10%, house price is down and stabilizing. I have been reading a lot on the net, a lot of bloggers are split view on this.
1. Many government can afford to let the economy to correct by itself. This is particularly obvious in US with their stimulus package, but closer to home, immediately after Najib became PM, the stock rise back up to 1000, obviously from instituitional investor money such as PNB, EPF and Tabung Haji. Foreign money is not in, individual investor like me are just cold. I dont know what to do, so I do nothing.
2. Foreign economy is still bad, not many demand. Looking at department of statistics Malaysia the look is not good. Manufacturing export falls, even the rubber / oil / palm oil export is down. The only thing is many Malaysian is still employed, and they probably work for the gomen.
3. Some even proposed that the stock market will rise a bit more, but the correction after this is even worse.
Just wait and see. Save some more.
http://threefishlimit.wordpress.com/2009/07/18/eight-lessons-from-sir-templeton-forbes/
http://www.investmentu.com/IUEL/2009/July/value-investing.html
http://online.wsj.com/article/SB124786612839159989.html?mod=googlenews_wsj
http://whatwouldjohntempletonsay.com/
Filed under: Uncategorized
http://1-million-dollar.blogspot.com/2009/07/stock-pick-pelikan-july-2009.html
http://1-million-dollar.blogspot.com/2009/05/stock-pick-pelikan-may-2009.html
http://1-million-dollar.blogspot.com/2009/03/stock-pick-pelikan.html
Alarm bells: (On the official website, nubex.com)
1. There is no company details other than the office address.
2. The contact us has no other info except a form, and I am still waiting for the reply on my request for a brochure.
3. There are some stats of gold price, links to other websites such as emiratesgold, perthmint, e-dinar.
4. The menu cart is not done in https, which is poorly done.
Item 1 is of great concern. Item 2-4 are just showing what a poor website it is. But, regardless, selling gold bar is halal in Islam. The only thing is the authenticity of the gold bar, their certificate, how to verify the gold content.
Furthermore, now gold investment in Malaysia is not really a golden opportunity because even though US currency drops a lot, RM currency conversion is not really strong.
Many ppl has debated this, Robert Koyasaki has done a book Rich Dad on this, but the way I see it, property investment and rental business wont make you money, unless it fulfils one requirement. (Which I will reveal later, like ebook, eh?)
Reason 1. Property price in bangi (I cant cover Klang Valley, too big)
If anything, the price of property, in general is sky-high. I based my case at my hometown, Bangi. Newly build section 8,9 areas are not for shallow pockets everywhere. The one close to Tasik Cempaka easily fetched 500k, similarly the one closed to Masjid Biru Bangi. Generally the price of the houses defy Malaysian economy. Some of the less than new area such as section 3 tambahan, fetched about 300-350. (All these houses are terraced-style double storey).
But, the 2nd hand market in Bangi is generally lower price, at probably 10-20% lower. For example, section 2, and the older section 3 and 4 are selling at starting 230-280, depending upon location and house condition. But those houses are built in the mid 80s to mid 90s, therefore their house condition may be bad. You may have to cough up some 30-40k just to renovate.
So, the price range from 220 to 500k.
Location
Bangi has become attractive due to its “serene surrounding”, connected with multiple highways to KL, proximity with many University.
Loan rate and term
Generally, if qualified for loans, you are required to put down 10% deposit. But nowadays you can go for 100% loan.
Let say, if you buy a 300k house, you pay 10% downpayment, and you apply for 270K loan for 30 years (7% interest). Monthly, you will pay 1796.32. Total loan paid after 30 years 646674.03. (That is 346674 more than the house price)
http://www.mortgagechoice.com.au/calculators/home-loan-repayments-calculator.aspx
Rate of new house built, old house sold, old house being put in the market
Bangi is what I considered saturated place. There are no more place to build houses, except outside the main perimeter of Bangi Lama, Kg Sg Ramal etc. Those place are the next area, but their main facility such as road and shop malls are non-existent.
A lot of the older section of Bangi has been there since the 70s, and many of the owner I would say reach the old age of retirement. Some are divorced, some move on with their kid, some sell their home to go back where they come from. So, I will say Bangi has a considerable potential market for 2nd hand home buyer.
Office, factory, shopping malls where people go to work and play
If bangi ever to grow in price, it needs new shop, new factory and new office place. Nowadays, most of its occupants either work in UKM, Putrajaya.
flippers, financiers, builders
The plus side is, these guys keep the house price at certain range (300 k?) because there is a certain demand in Bangi, due to its middle class people working in UKM.
economy downturn
The only helper is this downturn. Less ppl are buying. The price of houses are going down a little bit.
My reason is simple. If you are going to rent out your property in Bangi, most of your client are probably student, factory worker and probably some newly-wed government servant. Student cant afford much, plus in Bangi itself there are plenty of choices.
Furthermore, the price of the house are high, most of even will have to pay double at the end of 30 years loan. Even if you have 100% occupancy rate, you wont be able to coup your payment to the bank.
If you are thinking when you retire (about 30 years from now), you can sell your home, will it reach 600k?
The way i figure it, if you want to rent out your place, you better buy the property with as much cash as possible, then pay as soon as possible. You may not have the cash flow, but at least you will get your property sooner. The sooner you pay the bank, the soooner you can make money of your property. Which means, if you only have 50 k, aim for property within range of 100k, not to use your 50k to buy 500k property.
*Disclaimer – this is my opinion alone.
http://www.nubex.com.my
I am thinking of investigating this company. In Malaysia lately, it is mushrooming trend where company that trade in gold just pops out. I want to know more.
Filed under: Other Story, Thoughts, Trading Activities | Tags: portfolio, Thoughts
http://www.horizon.my/portfolio/
I have a chat with my friend, and it forces me to accept that I have lost money in this venture. The thing to do now, is to recover the losses, which is the most obvious thing. It doesnt mean i will invest now, or later. It means I am adopting of wait and see methods. Things are still unstable out there, and the market in Malaysia is a peanut compared to US. The crazy thing tho, US is now in deep shit, deep debt and major 10-12% unemployment.
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The above saying supposedly comes from a saying of Prophet Muhammad s.a.w. Here is not the debate of its authenticity, so just leave it there. Regardless, this saying is quoted multiple times, leading muslim, especially Malays in Malaysia to get involved in business. Which is a good thing.
My reference of Islamic debate regarding “halal” banking system and business system has always been zaharuddin.net.
Having said that, one thing Muslim in Malaysia is lacking is the type of business that they usually called “real business”. There are already plenty of people selling ebooks, ways to get rich from MLM, to ASB business investment. You can bet that any investment scheme is mushrooming in Malaysia. For example, I just recently wrote some feedback on the gold-investment hype in Malaysia. Before this, it was the MLM hype, which has seemed to get saturated and fizzled out. Before I went oversea, the Maybank loan-ASB investment was the hype. I dont know the status now.
All of these investments are the type of no-real hardware investment. What are we really lacking are business such as mechanic shops, retail shops, saloon, hardware stores, convenience store, even ice cream shops. Even the pirated DVD stalls are mostly non-muslim. What I am trying to say is, if we put so much effort in creating this ” soft ” business, why cant we set up real business.
Why is it important to have such business?
1. Malaysia needs a lot of small business in order to absorb unemployment. Here in the Aussie, their government has a lot of incentive for small business, such as tax exempt for financial year, tax exempt for business car purchase, a lot of goodies. Here is the real wealth, if one business survived or created, a multiple of people still have jobs, which in turn these people will spend the money and services. The movement of money will create more business, etc etc.
2. Small company tends to fulfil the halal requirement for a business transaction. Which is, if you want to buy, you must exchange money and goods at the very instant to avoid fraud.
3. More choices for the consumer.
4. Certain businesses are the strategic halal initiatives which Muslim should have. For example, we need halal meat, segregated saloon for muslim women, halal food stalls, halal food products. Even the basic necessity are not in Muslim hand.
Anyway, personally I believe business as a whole creates wealth for the whole community. Business frees the standard limitation faced by any employed person, especially government servant. The energy
