Tuesday, April 14, 2009

Heat's Handling

A YOUNG woman went to her mother and told her about her life and how things were so hard for her. She did not know how she was going to make it and wanted to give up. She was tired of fighting and struggling. It seemed as one problem was solved, a new one arose.

Her mother took her to the kitchen. She filled three pots with water and placed each over a high fire. Soon the pots came to a boil. In the first one, she placed carrots, in the second she placed eggs, and in the last, oolong tea. She let the pots sit and boil without saying a word.

About twenty minutes later, she turned off the burners. She fished out the carrots and placed them in a bowl. She pulled the eggs out and placed them in a bowl. Then she poured the oolong tea into a bowl. Turning to her daughter, she asked, tell me what you see.?

Carrots, eggs and oolong tea,?the daughter replied.

Her mother beckoned her closer and asked her to feel the carrots. She did and noted that they were soft. The mother then asked the daughter to take an egg and break it. After pulling off the shell, she looked at the hard-boiled egg.

Finally, the mother asked the daughter to sip the oolong. The daughter smiled as she tasted the teas rich aroma, then asked, What does it mean, mother??

Her mother explained that each of these objects had faced the same adversity: boiling water. Each reacted differently. The carrot went in strong, hard and unrelenting. However, after being subjected to the boiling water, it softened and became weak.

The egg had been fragile. Its thin outer shell had protected its liquid interior, but after sitting in the boiling water, its inside hardened.

The oolong tea was unique, however. After the leaves had been in the boiling water, they had changed the colour and taste of the water.

Which are you??she asked her daughter. Then adversity knocks on your door, how do you respond? Are you a carrot, an egg or oolong tea? Think of this: Which am I?

Im I the carrot that seems strong, but with pain and adversity, do I wilt and become soft and lose my strength?

Im I the egg that starts with a malleable heart, but changes with the heat? Did I have a fluid spirit, but after a death, a break-up, financial hardship or some other trial, have I become hardened and stiff? Does my shell look the same, but on the inside, am I bitter and tough with a stiff spirit and hardened heart?

Or am I like the oolong tea? The tea actually changes the hot water, the very circumstance that brings the pain. When the water gets hot, it releases its fragrance and flavour. If you are like the tea, when things are at their worst, you get better and change the situation around you. When the hour is the darkest and trials are their greatest, do you elevate yourself to another level? How do you handle adversity??

Are you a carrot, an egg or oolong tea?

May you have enough happiness to make you sweet, enough trials to make you strong, enough sorrow to keep you human and enough hope to make you happy.

The Internet has become a wonderful medium for passing around heart-warming or thought-provoking stories like this tale. Today抯 story was sent in by S.P. CHIN.

Fixed Deposit vs Life Insurance

In March 2009, Base Lending Rates was reduced from 5.95% to 5.55%. In April the Fixed Deposit rates was reduced to 2.5% per year by most banks. How LOW will it go?

An alternative that can help you to safeguard the declining interests rates is to 'transfer' your savings from your Bank to the Insurance company under their GUARANTEED Income Plans. A simple comparison is shown below between the Bank and Insurance company.

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Bank

Ins Co

Yearly Interests

2.5%

4-5.5%

Yearly Dividends

NO

Yes

*Once declared is Guaranteed

NIL

2-4%*

Ins Protection

NO

Yes

Upon Death

Savings Stops

LUMP SUM payout

Upon TPD**

Savings Stops

LUMP SUM payout

**TPD -Total Permanent Disablement

Contribute for牋牋牋牋牋?CASH Payout of 4%-5.5% till Age 88
I---8/10 years---I--from 9 /11 year onwards---------------------------IAge88

Advantages:
1.SHORT term 8-10 years contribution period
2.YEARLY CASH Payout -4% - 5.5% till Age 88 (+) Dividends!!
3. Premium WAIVED upon diagnosis of any One critical illness.

Another GOOD alternative to put your money into making money for you.

Wednesday, May 21, 2008

Are Your Savings Enough To Last A Lifetime?


Maintain a comfortable lifestyle well into the future.

Young people nowadays are more concerned with living life luxuriously in the present than saving for their future needs.

However, the unexpected can happen at any time. Our jobs, families, and even physical health can present us with problems that we are not financially prepared for. That is when we will need to rely on our savings.

Everyone has to plan their budget and save at different stages of their lives. Savings can be used for a rainy day, tiding through times of illnesses, getting married, or even for the bigger things in life like tending to our children’s education needs, buying new home, and retirement.

According to recent survey, only 34% of Malaysians are putting aside money regularly for their retirement funds, much less their other future needs. *They seek material satisfaction instead of deferring their spending and fail to plan for wealth accumulation. Such a lifestyle will leave people ill-prepared for inflation and rising medical costs.

Inflation itself can be another intimidating factor. Today, three meals will cost someone RM20 a day, but in 20 years’ time, with inflation rate of 6% a year, those same three meals can cost up to RM64.** While this figure is suggested by our government to be 3,2% to 4.8%, wealth advisors have found that the figure can go up to 6% in urban areas.


EPF alone is not enough to tide most through retirement years.

In a recent EPF finding, it is reported that 60% of those withdrew all their contributions at 55 spent all of it within 3 years, leaving them destitute. With the life expectancy of men being 71 and women being 76, the average man now can go through the last 16 years of his life without income.***

But what can we do to avoid such a fate? The solution is simple: Start saving early. It is possible to plan our lifestyles in such a way where we can have what we want and still strengthen the bank account. From daily efforts like cutting back on our expenditure, and paying attention to our unnecessary splurging, we can plan our financial futures.

What Is Your Plan For Managing Your Finances?
Don’t put it off. The earlier you start, the more you stand to gain.

Sources:
* The Star, August 9th, 2007
** The Star, May 27th, 2007
*** The Borneo Post, Sunday, January 20th, 2008

Friday, April 18, 2008

Why Hwang-DBS Asian Aspire Protected Fund?

Why Asia Aspire Capital Protected?

Which are the most talked about countries in the world? Asia.

Asia economies have emerged to be stronger in recent years. Higher income offers Asian to spend more and aspire for luxurious good! The trend is no longer 'the cheaper the better'. It is about which brand name do you own?

  • 100% Capital Protected
  • Shorter tenure : 2 1/2 years (30 months)
  • Min return of 7% from Australia Treasury bill (yeilding 7.63% as at 17.03.08)
  • Capitalise on the opportunity in Asia rising middle class - Aspiration for luxurious goods
  • Proctect your capital in time of volatility and participate in potential upside return

To find out more about this fund, please call me or e-mail me for further details. My e-email address is vin5085@yahoo.com

Hurry up, don't miss the boat!


Tuesday, April 15, 2008

Malaysians not financially savvy

survey on Malaysians' money-management skills has revealed thatscores of respondents do not possessadequate financial literacy to stewardtheir personal funds towards a solidfinacial plan. The Citi FinancialQuotient survey 400 people aged above18 showed that 63% respondents do notconsciously save a portion of theirsalaries, while 70% felt they hadaverage to poor understanding on how tomanage and invest their money. About80% say they do not have a formalretirement plan while half areuncertain about their retirement funds.On average, Malaysians say theircurrent savings would last 10 weeks ifthey were to lose their jobs but stillhad to pay all their regular day-to-dayexpenses. (Source: The Edge FinancialDaily)

Are you one of those Malaysian?

Sunday, March 16, 2008

How To Start Saving Money


Most of us were taught the importance of saving money when we were young. You probably remember your parents or a favourite aunt or uncle urging you to put coins into a piggy bank or a portion of your Christmas and birthday money into a bank savings account.


Sadly, for most of us those lessons were among the first to be left behind as we grew taller and, supposedly, smarter.


Why exactly that happens, no one knows.


If I had to guess, I'd say it's because, for the vast majority of us, the sudden economic pressures of adult life coupled with insidiously effective marketing messages caused us to forget those early, ever-so-valuable lessons. The people who cave in to the dictates of extreme consumerism often never come to their senses until retirement looms near. By which time it's too late to salvage the situation.


But such tragedy doesn't have to be your fate.


Chances are good you stopped by here because you're curious to learn effective ways to start saving money seriously.


If so, let me not keep you waiting. Here are three strategies you can put to work immediately in your life:


1. Remind yourself that you matter at least as much as everybody else;

2. Understand the true power of compound interest; and

3. Unleash the power of goal-setting in this vital area of life.


1. Remind yourself that you matter at least as much as everybody else


The reason most of us never get serious about starting a savings programme is our deep-seated harbouring of a dangerously mixed up set of priorities. What most of us tell ourselves is: "I'll pay all my bills first, and then see what's left at the end of the month to save."


Because our month lasts longer than our money, that particularly popular approach is a potent recipe for lifelong impoverishment.


If you work for your money - as most of us do - then surely you deserve to pay yourself first, or at the very least second depending upon your religious convictions?


By deciding to first set aside a chunk of change for yourself, you'll be sending a message out to the universe. One that's bold, simple and clear:


"I matter to myself. That's why I pay myself ahead of others. This puts me in control of my economic destiny."


2. Understand the true power of compound interest


Many books suggest we set aside 10% of our earnings. I happen to believe that real economic heavyweights should set much higher targets. In fact, in my own financial planning practice in Malaysia, I try to inspire my clients to gradually expand their skill set so they'll be able to earn more and more money. Simultaneously, I urge them to set a personal goal of reaching a 40% to 50% savings cum investment rate over the next ten or twelve years.


That may strike you as being rather extreme. And it certainly is by the standards of today's consumer-orientated society.


So, relax! What's more important than setting such high final savings targets is for you to decide TODAY to simply get started.


Given enough time, even small sums parked in low-yielding financial instruments can grow to surprising sizes. Here's an eye-opening example.


Did you know that if you'd been able to set aside 1 cent in a modest savings instrument that, say, only yielded 2% per annum at the time of Jesus Christ's birth in Bethlehem around 4 BC, you'd have more than $1,900 trillion today?


That amount of money would make you 40,000 times richer than Bill Gates - the richest person on the planet at the time of this writing.


Of course, you don't have 2,010 years or more to save, but you also are likely to have more than just 1 cent to set aside today as seed money, right?


So, make a start.


And while you're at it, don't forget the primary lesson we all absorbed in childhood: We should learn to crawl before we can walk before we can run. Learn to save before you try to invest or, scarier still, speculate.


3. Unleash the power of goal-setting in this vital area of life


If we don't get serious about establishing a personal wealth building plan, rest assured we will end up becoming pawns in someone else's personal plan to grow wealthy... at our expense.


Learn to set challenging and inspiring goals to help motivate yourself to begin your personal journey to financial freedom.


That start is nothing more sophisticated than determining within your heart that you have great value, and you're entitled to save money for yourself.


I suggest you begin your personal savings programme in something as safe and uncomplicated as a bank account or a money market fund.


Focus more on gently raising your personal savings rate than in reaching - or over-reaching - for yield.


If these three simple pointers have inspired you to begin a personal savings programme or to get far more serious about the one that you already have, then I'm delighted.

Thursday, May 24, 2007

Welcome

Dear Unit Trust Information Seekers,

Haha.. Welcome!

This is the place where I will post all the information on unit trust... Ex: New Fund, Market Outlook, Fund Peformances, Learning on Unit Trust Investment, Good Financial Practises and many more... As long as I believe the information can help us to face the world of volatile economy which I believe is an external factor we can't control.. Therefore, what we can do to overcome the external factors is to actually begin with internal factors which is pretty much under our control... like... guess it! You are clever enough to guess what I am trying to mean...

For the beginning of my new blog... I will update everyone soon with the new unit trust fund which is launch by today..