FREE GIFT : Suggest a new URL for this blog !

I have been writting this blog for a few months now.  I think this blog has enough content in it to deserve a URL at its own.  So whoever read this please suggest a URL name by leaving a comment.  If I pick your URL I will be sending you a book "Top Money Tips for zzzzn" for FREE if your receiving address is in zzzz, else I will be sharing some of the great ebooks I have with you.  If...

Red Indian Winter Stock Market

It was autumn, and the Red Indians asked their new Chief if the winterwas going to be cold or mild. Since he is young and being a Red Indian chief in a modern society, he couldn't tell what the weather was going to be.Nevertheless, to be on the safe side, he replied to his Tribe that the yes winter was indeed going to be cold and that the members of the villageshould collect...

Book : Top Money Tips for zzzzns by kclau.com

I am one of the lucky ones who started finance planning even when I was a teenager.  Ofcourse when I put my money into mutual funds at that time, I didn't really know what I was doing.  However, starting early does give me a strong advantage 10-20 years down the road.  I was able to choose the jobs that suits my long term plan;  I was able to change job duties within a multi national...

western 2009 prediction

Some predictions are made in this link, summary as follow1. Yahoo! will trade higher in 2009 2. Sirius XM won't file for bankruptcy Losing 95% of its price this year, writer think it will still go on.3. Tech will lead the market recovery writer thinks Apple and Google will make a big Come Back.4. Chinese stocks will outperform stateside equities writer recommends NASDQA:BIDU a...

Danger of Technical Analysis

If you know charts, then you probably should know there is a X and Y axis.In technical charting, X axis is usually Time.  The Time can be month, week, day or even minutes.Understanding the reasons behind technical chart is tough, but using it is very simple.For example, chart below has 3 graphs in it.1.  the top graph show the price info, its called candle stick ( don't worry, will be shared...

Technical Analysis vs Fundamentals

I have shared some methods to invest before ...When to Buy at What PriceWhy use EPS and PE ?...Those are within the category of fundamental analysis.  Basically you are trying to understand what a business is doing and how it 'may' perform in future.  Fundamentalist is trying to differentiate the big and important factors from the smaller factors or rumors ...Sometimes even though the fundamental...

Wiki : Usury

Usury (pronounced /ˈjuːʒəri/, comes from the Medieval Latin usuria, "interest" or "excessive interest", from the Latin usura "interest") originally meant the charging of interest onloans. This would have included charging a fee for the use of money, such as at a bureau de change. After countries legislated to limit the rate of interest on loans, usury came...

Fund Managers Are Lousy !

I attended one pursuing session urging us to take their classes on technical stock assesment.  Half way through the following conversation took place :speaker : You know who uses our services ? ( Technical Chart )( pause a bit, no one answer, then speaker continue )speaker : Profesionals ! ... You know who are the pros ?( then he continued )speaker : Fund Managers !student : but .... its hard...

emphasize on Automated Saving again

Some of you who has been reading my blog may have seen this picture below many times. Basically this diagram is almost all about what I preach about in personal finance.The first thing to do is not to buy insurance nor any investment plans.  The first thing to do is to transfer money from your income into a "Money earn Money" (MeM) acount.It should have a few unique qualifying features:1.  It...

Another version of Money Crisis theory

OMG, after I posted up how Money Turns Evil ( Part 1 Part 2Part 3 ) , more and more people mentioned it too.  Below video is another version of it - speaking in Chinese.Famous Successful Business man talk about Finance Crisis using his own theories. The way he talks may be a bit bore but he actually suggested how to solve today's crisis !!by having a modern day barter system !! One of the post I drafted but haven't...

Money As Debt Video

I have told a long story how Money Turns Evil in the past.  ( Part 1 Part 2 Part 3 )  The last part was actually more like a basic tutorial to forex trading as a matter of fact.Anyway, I read from Meshio blog about an interesting video - Money As Debt.  The story line may have some similarity to my story but this video is 10 times better !!A 47-minute animated short by Paul Grignon (via BB) explaining...

Book : Get Your FIRST car FREE !!

I mentioned before the biggest personal finance challenge in zzzz is to buy car due to its rediculous high taxation (read this old blog here).However recently I received a book from my sifu's sifu titled "TOP Money TIPS for zzzzns".( read how happy I was in my personal blog here )Written by KC Lau, one of the pioneers in zzzz Personal Finance Blogging world !!... guess what !This books shows you HOW...

Different types of Incomes

One of the famous income categorization is the one by Rich Dad, Poor Dad: E is when you get paid when you do your job, usually within a fix amount of time or a pre-determined achievement list.  The good thing is your income is relatively consistent.  If you are the 9-5 type worker, even if you go to work and surf the net the whole day, you still get paid that day !!S is when you think you...

Save $2400 get back $800 = 33% return ?

Someone asked this in a forum ...Save RM200 a month for 21 years with 'Guarantee' RM 800 interest a year, payable every 3 years at RM 2,400.  It sounds like saving RM 2,400 a year can get back RM 800 return GUARANTEE - that is 33% rate  !!  Is it a really a good deal ?I always see this kind of question being asked, the answer is quite simply ... you have to plug in the number and run...

Treat Pocket Money as an Income in PFP

P F P - Personal Finance PlanningAbove shows the whole Personal Finance idea I promote since the very beginning of this blog.  ( old blog link )First you must have some sort of income.  Income can be obtained from business or employment or freely available.  For example money received by house wife from her husband should be treated as some sort of her income.  A lot of time, 'smart'...

Currency Turns Evil - part 3

Money was created to ease up buy sell transactions, you no longer have to take in 100 chickens just because you want to sell your diamond ring.Since each country has its own system and seldom cross borders in the past, each of their money is different in unit called currency.Then, country needs to do business with another country. They have to sychronize the value of their currency, they use gold...

Safe less EPF, pay more TAX, You are now still poor and has no saving !

Full article on http://www.zzzzkini.com/news/93624Da Mook: Let' assume your monthly basic salary is RM4,000.If your monthly EPF contribution is 11% (RM440), then your taxable income = RM3560, and income tax payable = RM77.If your monthly EPF contribution is 8% (RM320), then your taxable income = RM3, 680, and income tax payable = RM109.Conclusion? If you choose to contribute 8%, you will end up paying more income tax to the government which will...

Currency Turns Evil - part 2

At first money is invented to facilitate buy-sell transactions which is the best invention of all time.  Then value of money is tighted to gold as a standard (what I called Big Bang in Finance World).  Then some greedy person use war to conquer and take over other people's gold ( click here to see old post about this )But very soon "WAR" becomes a very costly way to acquire gold to print...

Most Cost Effective Insurance in zzzz

If you are buying insurance for the first time or considering topping up protection to your life, there are some facts you should know :1. each product ( insurance, FD, Mutual Fund) has its own strength ( see this post )2. a hybrid product may give the best of both worlds  2a. some hybrid products are called "Link" products  ( read here for varies type of insurance )  2b....

Stock fee is cheaper than mutual fund

Quite frequently I heard that many people do not buy mutual fund because its 5.5% fee is too high comparing to stock investment where each transaction is charged at 0.42%.( see old post what you should consider with mutual fund high fee )It is no doubt a valid concern. When buying stock, there is only one broker who is earning your commission. While there is a huge team working in your mutual fund,...

Currency turns evil - part 1

I shared before money is tighted to gold in an old post.  That was the good side of money, here comes the later part ...... soon earth is seperated politically into countries.  Some countries grows stronger, 2 particular ones are E and U.  They used their strength to conquer other lands and take possess of the gold there.  More gold means they can print more money.  However...

Low Risk High Return ?

Seems like still quite a number of people do not agree that Risk is dealing with something you don't know (read the post about risk here).So I would like to repeat that yes while Low Risk Low Return and High Return High Risk are TRUE but if you think it that way, you may just settle for "whatever it is, it is !"For example, you may think you are not a risk taker, therefore you will never get a high...

Property as an investment

Just a reminder that Car Loan interest rate is about 1.9X more than the House Loan.  Meaning a 3% car loan is almost as high as a 6% house loan.  Think again if you think car loan has a lower interest rate.  (click here to read more).The fundamental of investing in property is not much different than buying a business to earn you passive income.  However, the nature of brick and...

The right way to lower down price

Generally it is a BAD idea in economy sense for a goverment to influence hypermarket to lower their price ( more on that here ).Because the ultimate great thing that can happen in our market is FREEDOM to trade.  Whoever smarter will think of better ways to save cost and therefore lowering their sale price, those who are not will not survive.  Eventually all the creative ones remains and...

Stock selection - management

I have shared before how to calculate how much a stock is worth and therefore knowing when to buy at what price.However, that is just one of the methods.  The one shared above is a quantification method using calculation.In real world, when you buy a business that is NOT run by you, the ultimate Single Main Factor isWho Is Running The Business ?The company may did great or terrible in the...

tiny Personal Finance Survey Result

A personal finance survey was conducted on http://klsmihosting.com/pfp/survey20080919b.asp/ for about a month.  People who participated range from 19 - 46 years old, with mostly under 30 years old.They were asked where they put their money in right now and what worry them most in their future.See below pie chart that most people keep money in bank which is quite common.  Follows...

Derivative - Options

Just to emphasize, this is not the FULL picture yet ... so dont make impulse decision that you want to go trade options straight away ... it will require quite long a study ...source from http://teraoptions.com/stock1.h...