^V^
alfred said...
hi sam,
whats ur advise on the property i posted earlier?
worth to invest in?
your advise sam.. thanks!
July 2, 2009 11:10 PM
2 Alfred , talk about property investment , I only interested on shop lot , high end condo N low cost flat ^V^..so far, shop lots r d most fruitful investment among d all , u can be benefited from its high return of rental as well as value appreciation , High end condos could bring u good return also esp those located in Mont kiara, Sri hartamas n Bangsar . As for low cost flat , its rental ( much higher than FD ) return is oso not bad if u talk about return in term of % ^V^
Thru out my experience :-
One 3 storeys shop lot in Puchong , cost RM650K in year 2000
Mkt value is now 1.5 mil , monthly rental = RM7,500.
RM7,500 x 12 / 650K x 100%= 13.8% per annum $$$$$$ + paper gain of 750K ^_- (good return )
One Low cost flat in Pandan Perdana, cost RM60K in year 1995
Mkt value is now = 130K , monthly rental = RM700.
RM700 x 12 /60K x 100% = 14% per annum $$$$$$ + Paper gain of 70K. ( Good return )
One Double storeys terrace house in Cheras , cost 180K in year 1999 ,
Mkt value is now 210K , monthly rental = RM550.
RM550 x 12 /180K x 100% = 3.6% per annum ( Bad return )
Unless u r buying 4 yr own use , otherwise , terrace house is not an ideal property investment in term of return on percentage.
4 those who aiming 4 higher return in property investment , those high end condos in Gurney n batu Ferrangi r worth 4 consideration , if u need further infos , kindly contact Faryna @ 012-493 3960.
Let talk a little bit on yummy food , I went 2 Kelantan last week , thru d assistance of GPS , I hv discovered 2 yummy stuffs in Kelantan, first one is nasi Dagang at river side of sungai Kelantan or right behind of UMNO building kota bahru. d food there is damn damn yummy , biz hours from 7.30 to 12pm. look at d crowd there ! FYI, Ah Sian oso recommended it b4 ^V^
D second one is " Chiang Mai thai restaurant , this one ia bit difficult to find , it was located deep in d heart of d kampung , but d food there is cheap n yummy ! Its customers consists of film stars n politicians. It is a must try food if u ever drop by in KB ^V^
As known 2 u , I like yummy foods very much , i hv tried most of d yummy foods from south 2 north , I hope u guys can share with me if u ever discover any yum yumm yummy foods near yr place , be it 80cts roti canai or RM500 snow crab ! as long as yummy pls let me know ^V^ ok ?
TQ ^_-
62 comments:
thanks for your explanation about the property investment.
very good explanation.
what about KL properties contact,
He he he
Yummy.
Good one.
wah sifu,
really respect you la.
share already POWER,
now property also POWER too!
worth consideration on property investment thou.
Yummy food Sifu? My house next year during Chinese New year...
On? ^^
oh dear...AIG really in freefall mode at the moment...about $0.70 equivalent now after the 20:1 swap. What's your advice sam? Pick up more at the lowest it can go?
Sifu Sam,
AIG and Citibank dropped further to USD13.75 (USD0.69 per stock) and USD2.69 respectively last night.
Any comments on averaging down?
hi sam,
thanks for the analysis.
but for penang property, we do have to take in the land factor, its limited. correct?
sifu ~u still hold RCE and KFIMA as attachment ?
Although I still stand firm on language is not d key success of being advance in science n technology, but still I feel sad hearing that PPSMBI has been scrapped , Y we r lacking very much behind in science n technology ? u think it is bcos of language ? come on kids , Malaysian can speak much better englsih than those Japanese , chinese , korean n Russian , y they r more advance than us ? u really think it is bcos of english ? ha ha... think a little dude !
Giving a choice , btwn Benz n proton, what u choose ? of course Benz lah !..how about Benz n BMW ? hard 2 choose right ? ..smart ppl like u shld know what i mean ^_-
Something very sensitive 2 mentione here, u know i know lah ^_-
2 reveronova.. any purchase or sales , I will post it up here ..if u dun c me posting sell, means I am still holding ^_- k ?
Come 2 Aig , I will buy in another lot @ anything <0.50 ^_-
D below is my US stock holding :=
http://samgang.blogspot.com/2009/06/v-new-face-lift-camry-n-portfolio-as-at.html
U can c my realised profit from AIG n Citi as well as my unrealised profit on both of them ^_-
"Come 2 Aig , I will buy in another lot @ anything <0.50 ^_- "
Sam, do u mean u will buy more at 20:1 price of USD10 or before the swap price equivalent of USD0.50? Wondering how low it can go at the current rate of freefall...
have you try the Chinese Nasi Lemak in Subang Jaya, SS18/1B. Famous for Fried Chicken, Curry Kambing,Curry Chu Cheong Fun, Sambal is also excellent. Operation hours from morning till 11.30, and 2.30pm to about 5pm, funny hours because if they operate thro out, the rest of the stalls will not have business. Should check it out?
Sifu Sam,
What is your view on US 2nd quarter 2009 earning season this coming weeks?
Any impact on Malaysia?
評論：鄭丁賢‧一代白老鼠
廢除英語教數理政策 評論 2009-07-08 18:25
這個急轉彎，是不是轉過頭了？
沒錯，很多人要恢復母語教數理；正確的說，小學用母語教數理。
慕尤丁的宣佈很驚人，不但恢復小學用母語教數理，連中學也用回國語教數理。
一鍋粥有些淡，拿進廚房加點鹽；怎知，廚師把整包鹽都倒了進去。
這下，這鍋粥怎麼吃啊！
廚師瞪你一眼，說道：“你不是說不夠鹹嗎！你不吃，別人要吃。”
但是，哪些人愛吃這麼重口味？他們是代表多數嗎？不能接受重口味的，又怎麼辦？
實施了6年，也吵了6年的英語教數理，最後竟然是這麼收場；一句話：白忙一場。
從馬哈迪的一意孤行，到阿都拉時代猶疑不決，來到慕尤丁手裡，來個180度的急轉彎。
其實，英語教數理的問題，有3種意見，代表了大馬社會的3個區塊。
第一種意見，保留英語教數理；持這種立場者，主要是各族群的英語源流家庭。他們習慣英語，也以英語為優先。
第二種意見，小學用母語教數理，中學用英語教數理；各族群中產階級，以及母語源流的家庭，傾向於這種選擇。
他們認為小學階段用母語學習數理，效果更好，也可以維護母語的完整性。到了中學，則改用英語，以便和高等教育接軌。
第三種意見，小學以母語，中學以馬來文學數理；主要的推動和支持者，是馬來文化界和民族主義人士，他們以馬來文的地位為優先考量。
慕尤丁的決定，切合第三種意見，也迎合了馬來文化界和民族主義人士的喜好。
這些人士，是傳統馬來社會的主導力量，也是巫統的擁護者。馬哈迪實施英語教數理政策，激起他們反彈，對巫統產生離心；而回教黨和公正黨也趁機爭取他們的支持。
英語教數理固然是教育課題，然而，它也已經演變成政治課題。巫統不能允許這些傳統的支持者投向對手的懷抱，在政策上必須投他們之所好。
不過，這項決定，卻讓第一、第二區塊的人民感到失望。
與此同時，也意味著多年投下的資源，化為烏有；一代的學生，成為白老鼠。
星洲日報／馬荷加尼‧作者：鄭丁賢‧2009.07.08
AIG May Have No Value After Rescue, Citigroup Says (Update1)
http://www.bloomberg.com/apps/news?pid=20601103&sid=ahWAzIKxYzmo
Harta > 4.2+
Exactly GK, Basically ,I am under this group > 第二種意見，小學用母語教數理，中學用英語教數理；各族群中產階級，以及母語源流的家庭，傾向於這種選擇。
I POSTED THERE, giving a chance , btwn Benz n Proton (中學用英語or BM 教數理) since BMW (Mandarin )is impossible to be tought in science n maths , of course I will prefer 2 take Benz !!
Anyway, still d same old saying ,without brain play , speaking " good ENGRAND" does not make u looks one class above d other AT ALL ! Y we look down proton ? it is bcos she couldnt perform since day one she born ! not bcos of she is "Proton " ! just like nobody dare 2 look down japanese n chinese though they cannot speak " good engrand " !
2 guan yew, thanks 4 yr infos, will go there n try it.
2 will..congrats on yr harta , as 4 aig ..that's y u can buy it at this price ! I hv mentioned there in my blog , this is something like " if u lose u lose s sweet, but if u win , u win a factory " ! take 2 to 3 % of yr fund n put on aig, no harm trying !
2 hym selector , yes 0.50 n below, i will buy in one more lot ^_-, if she ever drop below USD10.00 , i will buy in 50 shares which equal to 0.50 , 10/20x100= 0.50cts.
D shortfall is , whether u buy 1000 shares , 500 shares or 50shares, there is some minimum charges on d brokage .
2 Grabiel, shortterm is hard 2 predict, but I believe d 3 n 4 qtrs shld show some improvement ^V^
Someone asked me , sam..do u think KLSE will drop back 2 850 ? ..well simple answer from me , do u think DOw will down below 6,800 anymore ? My answer is very unlikely ( almost impossible ).
Sifu want to ask you a question, how do you get the average PE for a specific industry?
Is there any site where can search for this?
Sifu Sam,
AIG now trading at USD0.534 as I am writing now. Reaching target price soon.
at times mahadir can be right....
personally i feel use back BM instead of english is definitely not a smart move. malaysians' english standard still so far away from 'average'.
those who insist to 'protect'
their mother languages (chinese or bm) are those who slow down malaysia developement.
there is 1 sayaing in chinese called 'yu2 xiao4'. thess ppl are more or less like that
www.thinkorswim.com
Per Share Commission*
$.015 per share ($5.00 minimum)
OR
Flat Fee Trading**
$9.95 per trade (market or limit orders; 5,000 shares maximum)
yes sam, that is why i posted in your blog.. really speechless... dont know what "they" want!!!
http://www.cnbc.com/id/31832994/site/14081545/for/cnbc/
Already below USD10...I think still have more room to drop, sifu sam....
Hi Sam
Thanks a lot for mentioning my contact in your blog for property investment in Penang. It really means a lot to me. Million thanks again.
Gd morning guys ^_-, I think luck is on my side liaoo... my streamyx was down yesterday night, otherwise I would hv enter 50 shares of aig @ 9.80 liaoo..ha ha. ( Take note: 50 shares is equal to 1/20 lot ),anyway..I will definitely take action 2nite, let c how cheap I can get ^_-
2 LIM, yr statement of " those who insist to 'protect'
their mother languages (chinese or bm) are those who slow down malaysia developement ",
I dun agree with u at all ! protect their mother tongue r their right n it is something they shld N MUST do ! who said mother tongue will slow down their economy ? look at HK , Japan, Korea n Taiwan, they r non english speaking country , u dare 2 say we r better than them ??
Whether u like it or not , besides English ,Mandarin would be d "taiko" language in time 2 come ! this is fact n we cant deny it !
I support english 2 be taught in science n maths ( secondary school ) is bcos we got no choice ! Benz vs proton , no need 2 ask ah kuai, of course benz lah !
Look at our former minister Syed Hamid, this guy can speak good english BUTTT..ha ha...look at those silly n stupid statements he made ! totally brainless ! this show language does not make u better n smarter !
Dear Sam,
AIG dropping like hell broke lose. Has lost more than 50% since its reverse split. Something is not right about this. Why do you think it has drop so much after the reverse split. Are there any more bad news on this AIG. They owe US govt 160 Bil right? and they wanna sell their life insurance unit which can bring in most 20bil. How the hell are they going to make money if they sell their core business?
Sifu sam,
AIG was currently @ USD9.48 or 0.474 now. I bought at 1.68 before the split. Kindly seek for ur advise, thank you.
I got 1 more question, ppl seems short selling AIG these few days, if it is the scenario, they should hv to buy back the share within the T+3 contra day? So can enter at current price?
Sifu Sam,
What is your opinion about Adventa?
PE +/- 10, involve in manufacturing of medical product such as surgical gloves.
Worth for long term hold?
Thanks.
Hello sam,
long time never receive mail from you already. See that you still full of gusto. I hope you are right about AIG because got expectation of more bad report coming out (read one here that even say value of AIG is zero).
anyway, want to comment on this english thing that so many people talk about. May not be fair to compare to countries like HK , Japan, Korea n Taiwan vs Malaysia because the geographical population, size, expertise offered and local language affects whether you 'need' to study another language or not. Like HK, if you want to do business
advantegous to speak mandarin - that one got back up by China, which is such a big market so already got demand for mandarin. Same thing for Taiwan. If you can do business speaking mandarin in china, HK also can , Taiwan also can, so there is a ‘jumping’ language advantage there. As for Japan, population size 127m, it is a very big market by itself, enough to draw people in. why so many US singer/actor all regularly go japan to perform or do marketing, is because Japan is 2nd largest market outside USA. Not that they speak Japanese but the market itself is big enough to warrant ‘extra’ work. As for Korea, population is smaller at close to 50 million but one of the most highly populated density in the world, and offering expertise in electronics, automobile, machinery, petrochemical & industrial stuff, all ‘tradedable’ knowledge. In Korea, english also taught as 2nd language, and a recent article in korea times state that “90% of elementary school students receive private English language education”, so even they accept that English is important to learn. In Malaysia, the difference is that our market on a global scale is so small, we do things also slower than anyone else, plus got ‘special’quota requirements somemore. Our ‘pull’ is less than other countries like HK and Japan because we offer much less. If foreigners want to do business have to learn our language first, die man like that.
Having said that, I agree that it is important to know your local language but we also have to improve our English to adapt, to be able to be ‘global’. Though I agree with you that just because someone can speak English well doesn’t make him smart, maybe make him a smart ass only.
p/s - i hope i am still in your mailing list.
Mr Mustaza Ahmad (Director of Sports Centre, Universiti Teknologi MARA Malaysia) BOLEH!!! ???
Why English should not be taught in Bahasa Malaysia
http://mt.m2day.org/2008/content/view/24036/84/
Recent quotes
AIG 9.48 -27.63%
Hello ccdev , Long time no chat liao..how r u? I guess shld be very ho say liaooo..
k..talk about english...u posted there :-
As for Japan, population size 127m, it is a very big market by itself, enough to draw people in. why so many US singer/actor all regularly go japan to perform or do marketing, is because Japan is 2nd largest market outside USA. Not that they speak Japanese but the market itself is big enough to warrant ‘extra’ work.
Agreed ! Japan mkt is big enuf..127Mil!! woww very big mkt indeed ! excuse me ... can someone tell me what is d population 4 Indonesia ? what ? >200MIL ?? woww..almost 2times bigger than Japan wor ? Y their economy still lacking so much behind ? does size really matter ?
Yr second statement :-
In Korea, english also taught as 2nd language, and a recent article in korea times state that “90% of elementary school students receive private English language education”, so even they accept that English is important to learn!
Yes, they also taught as 2nd language ! do u know how many subjects that taught in english ? I can tell u now..only one ! that's english subject ! They r like those Japanese , their english level is suck ! We r much better than them , can u imagine d graduates there dont even understand what is d meaning of "Pork " ! it is true , I been there in year 2003 , I went 2 one of d Macdonald in Seoul , I asked 4 Pork burger , they dun get what i mean , I wrote "pig" 2 show them what I want , they oso dun understand ! ended up I got no choice but draw a pig picture 2 show them what I want , see ? this is their english level ! worst than us esp cinapek like me !
Touch a little bit on HK N Taiwan , b4 1997 n oso b4 d rise of China , D economy of HK N taiwan were one of d best in Asia , once again..this show that language is not d key of success as well as obstacle of success !
D key here is " Culture " what is culture ? Hardwork, attitude , behaviour , mentality , custom..all these r d elements of culture , these r d key success ! u wanna 2 know more about Malaysia culture ? simple, spend a day @ our government department 2 know better what is d culture in Malaysia !?
Think about it dude ^_-
"""simple, spend a day @ our government department 2 know better what is d culture in Malaysia !? """
This is the K E Y F A C T O R!!!!!
80% ppl here does realize about this. They just be a silent reader. :D
omg.. our education system always change!!! took us as white rat to suka suka test... then reverse gear somemore.... their lame excuse that teachers not fluent in engerish shows their attitude in planning our nation education sys... when problem pop up, they choose to cover/walk around it instead of facing it and fix it!! that's y our education sys hardly move an inch forward throughout the years.... plz think deeply before make a move, this affect our generations
Maths n Science will b taught in BM again? OMG!!!
I was 1 of d first batch of d guinea pigs in 70s. During tat transition period, most of d teachers used 2 speak 2 us n communicate v us in English though our text books were in BM. So we sat 4 SRP n SPM instead of LCE n MCE. n u know wat, after form 5, we found tat most of d private sectors required candidates v good English rather than good BM.
And now d world has changed, we all know very well, wat language(s) r more important n our govt still insist of going backward? Tis is ridiculous, if d decision is final then i'll say all d best 2 d new batch of guinea pigs coz u'll face d greater challenge ahead.
OMG, now my kids will 2 b 1 of them!!!
walao eh!!! Citiboy still lau sai leh!!for more than one week liao.. when going to stop oh??
Guys, wanna 2 hear my forehand call or backhand call on aig ?
Backhand call is I bot aig @ 8.22 for 100 lots n sold all @ 11.88 with profit equal to 1.3 million(USD3,600 X 3.8 x 100 lots) ha ha..how u like that ? sound familiar isn't it ? really miss our long lost friend ^V^
Forehand call is..I couldnt get any aig today, cos when I get into net , aig oledi bounced up from 8.22 to 10.50 liao..too fast n too high 4 me 2 chase liaooo ^_- I will try my luck 2molo..
Come back 2 engrand vs proton , I did agreed that engrand must be tought in science n maths in secondary school ,it is good 2 master another language esp english but dun come n tell me that language is d key of success !
Japanese, Korean, Russian, french n d mainland cinapek hv proven 2 us "engrand" is not d key of success ! d key success here is " Culture " !
N oso , pls dun lough at Mr Mustaza Ahmad (Director of Sports Centre, Universiti Teknologi MARA Malaysia, know y ? cos His "engrand" is 100 times better than wu cin tao n president putin of Russia ! can we classify WU cin tao n putin as brainless guy just bcos they dun understand "egrand" ??
What if En Mustafa Ahmad ask u 2 debate with him in bahasa , do u think u can beat him ?
N oso, If I challenge backhand seng 2 debate with me in bahasa , do u think he dares 2 accept my challenge ?
What about mandarin ?seng ? this one u lagi lemah ! hence...pls dun judge thing by its surface ! look deep into it ^_-imagine if backhand seng n sour moolah born in China or Africa, can we look him down jz bcos he doesnt understand "egrand" !?
think about it dude ^_^
Woww 1.45am liao...time 4 kow kow g liao..
gd nite ^_-
Hi Uncle Sam, it's my first comment after reading so many months about your interesting and valuable blog. However, I believe I have the responsibility to share this info with you regarding AIG. Below are some quotes from Phillip Securities research report on AIG.
"By placing good assets in Special Purpose Vehicles while selling others away, AIG looks more like a shell entity that houses the bad assets."
"AIG has sold many of its subsidiaries but it is mandatory that proceeds from the sales go to the government for the repayment of loan. The sales proceeds will not be retained by AIG hence, reducing the investment base and income receipts."
"Investors may be better off purchasing AIA, AIU and ALICO when these are listed in the future. AIA, AIU and ALICO are spinoffs from AIG and contain the good assets without government restrictions that currently bind AIG operations."
Let me know your email address so that I can email the full report to you. My email is touchwood78@gmail.com
Besides the above, AIG is still oblige to payout bonus of $235mil to its employees in this few months to come.
http://money.cnn.com/2009/07/10/news/companies/aig_bonuses/?postversion=2009071014
Still worth the risk?
Sifu Sam,
What do you think of the listing of Handal Resouces Berhad. It has some similarity with tanjong offshore, favelle favco and penergy?
What is the fair value for it and worth to subscribe the IPO?
OR another IPO going holland???
Sifu Sam,
I hope I did not misread your statement:
"Backhand call is I bot aig @ 8.22 for 100 lots n sold all @ 11.88 with profit equal to 1.3 million(USD3,600 X 3.8 x 100 lots)"
That would mean that you would need around RM2.9 MILLION to buy 100 lots of AIG.
Hi Sam,
Did you change your handpone? What model do you use now? What GPS did you used? Is it from H/P or ?
Thanks!
Sifu Sam,
Want to ask you whether you are interested in starting a biz with me? I believe that no one wants to work for life. Probably you have some suggestions on what biz to do.
can someone translate this 3 word in BM,
1.) Proportion
2.) Intergrative
3.) Derivative
Its show how important to master Math and sciences in english.
Pig always get slaugter oops my engrand very bad.
sifu sam,
Backhand so daring to put 2.8million for AIG?
Hi sam,
May I know why are you not considering other US stocks, i.e. MCD, GE, KFT ?
Hi Mamak trader..
Abit 2 shy 2 show off my BM n Mandarin
Proportion =bagian 比重
Intergrative =satuan 一体化
Derivative= bentukan 衍生物
1+1 = 2
, satu campur satu sama dgn dua ,一加一等于2 , see ? whether u use BM , rngrand or cinapek language , one + one is always equal to 2 !
Same goes to science , H20 forever equal to water !
2 ronald , If u r sure they wont get delisted in next 5 years , if d price is right...y not ?
2 Yewchang ..do u know what is backhand call n forehand call ?
backhand call = call after hand ( in cantonese means tai chek kong )
forehand call = call b4 hand
2 Jensen, mine is Ipod..got it free from maxis ^_-
2 touchwood... i hv stated there..use 2 to 3% of yr fund 4 " small knife cut bif tree " stock.. if u lose... u only lose a sweet..if u win u win a factory..
AIA ? what do u think AIA 's IPO would be ? as cheap as USD 50cts+- ? no way bro... u may need 2 pay >RM10K 4 d IPO...always remember this >> high risk always come with high return, low risk always come with low return !
WHat u need is :_ take d calculated risk, manage it n deal with it ^_-
paiseh sifu sam i think i've misunderstood ur previous reply,
i thought sifu sam's "long lost fren" got backhand call again and earn 1 million.
didnt read the words below carefully:
"wanna 2 hear MY forehand call or backhand call on aig?"
Hi Uncle Sam, can you please give me some advice. I brought SKPRESS (10k unit @ RM0.175 on 20/06/2007) and KELADI (10K unit @ RM0.24 on 25/10/2007). Should sell it all now or keep? Please advice.
Thank you.
Hey Samgoss,
yes, dude, agreed that culture is a factor, that is why i say we do things also 'slower' than anyone else, can see in the super working attitude of the gomen department. But as for indonesia population of 200m vs japan of 120m, cannot compare just looking at the population due to the geographical density. indonesia is archipelago made up of thousands of islands over thousands of km, with the population spread far and wide, so it's marketing power cannot compare to countries with high population density like Japan, or even Korea with population of 50m. As for korea, their engrand may be lousy but i think even they realise that they need to improve and there is a subtle switch that the younger generation understand a need to improve on their engrand, hence the increasing demand for private engrand education.
just my 2c for discussion, sam, ya? But what i really want to know is when is your next warrant forehand call? i wait, i wait.
2 ccdev... like that susah lah...it is jz like sour mahatir when ppl asked " Y singapore is so developed as compared 2 msia " orang tua tu jawab " of course lah, cos singapore is so small mah !", when asked 2 compare with china , he then replied " of course lah..china is so big mah ! " like that susah lol ^_-
fyi, In Indonesia ,75% ( 140mil, still more than Japan ) of d population stayed in Jawa n sumatra , so what ? their economy is still way behind ! see ? does size really matter ?
what is d next forehand warrant call ? still d same one..tgoffwa.. if she ever drop below 0.65 , i will add in more !
2 vodka , u shld 4low me to take profit n chop last year , well.. there is nothing u can do now, my advice is...their downside limit is not much anymore.
Uncle Sam,
Are you buying more shares recently or staying at the side line to see if it will go down further before buying?
SAM kor, u are king liao cos cash is king
http://ck5354.blogspot.com/2009/07/when-cash-is-king.html
For your attention!
Is your EPF money enough for retirement?
Personal Investment - A column by Ooi Kok Hwa
A look at whether a retiree can survive after losing monthly income and with only EPF savings to rely on
SOME studies conducted in Malaysia have shown that most retirees spend all their EPF money within three years of their retirement. Given that the average lifespan for a Malaysian is 75 years, if we retire at 55 and spend all our EPF money within three years, a lot of us will be wondering how to survive from 58 to 75.
The most worrying question that most of us will be asking is how to survive retirement when we lose our steady stream of monthly income to cover our daily expenses.
However, if we have been building an investment portfolio apart from EPF money, we would not be able to generate a source of returns from our own investment portfolio.
In reality, a lot of us have been spending most of our savings, including part of our EPF savings on our children’s education and clearing debts on house and car purchases, which leave us with not much savings for our retirement.
With this general concern in mind, let’s look into how much of our EPF money we can afford to spend to have enough for our retirement based on the our local conditions and some assumptions.
Generally, an average Malaysian starts working at 25 and reaches retirement at 55 (after 30 years of working), thereafter living the remaining 20 years (until 75) relying on the EPF savings.
We will assume a starting pay of RM1,500, growing at the rate of 8% per annum; an average bonus of two months per annum, average EPF returns of 5%, total EPF contribution of 23% (employer: 12%, employee: 11%) and inflation rate of 3%.
Our main objective is to test how much EPF money we can spend until we use it all up.
Our analysis shows that if we are able to live with just one-third (or 33%) of our last drawn salary, the EPF money should be able to support us for 20 years until we pass away at 75.
From the example below, if a person’s last drawn salary is RM13,976 at 55, he can only afford to spend one-third or RM4,612 per month after retirement (1/3 x RM13,976).
However, if his spending exceeds the one-third level, such as 50% or the full amount of his last drawn salary, his EPF money can only last 12 or five years respectively.
Even though our computations are based on a lot of assumptions and hypothetical scenarios, our objective is to bring to your attention that we need to be careful in spending our EPF money and control our expenses once we retire.
We will need to adjust our lifestyle after our retirement, especially for those of us that are used to spending most of our take-home pay when we are still working.
Once we lose the regular income source and are relying just on the savings, we will need to plan carefully in order not to out-live our savings. In this example, we can only afford to spend 33% of our last salary after retirement!
Everyone has different financial situations. However, we need to plan for our retirement. If possible, we need to build our own investment portfolio apart from the EPF savings. We may need to seek some part-time jobs after retirement if our financial resources do not permit us to stop working. Besides, we need to clear all our outstanding debts before retirement.
We also need to buy enough life and medical insurance for ourselves as well as set up education funds for our children.
Last but not least, one important point to note is that our computation is based on the assumption that we are still able to generate 5% returns after retirement.
Unless we have the skills and knowledge to generate the returns, putting the money back in EPF and letting EPF generate returns may be a good option. For the average person, we feel that it is not easy to generate 5% returns annually over a long period of time.
Sifu Sam,
could u please take a look on citigrp 0535c2?
expire date is 06/05/2010.
i checked on its historical chart,
the oldest record is on 11/05/09,
means it launch around that date?
few days ago drop to RM0.70, today up to 0.85 again.
(since 11/05/09, drop from RM1.70 to RM0.70 like waterfall)
worth invest on it?
need sifu's advise.
i'm newbie :)
Dear Sam,
Do you think Citi is worth to buy at Current level @ USD 3.00? will it be profitable in short term say 3-6 mths. Please advice. Thanks
Dear Sam,
Do you think Citi is worth to buy at Current level @ USD 3.00? will it be profitable in short term say 3-6 mths. Please advice. Thanks
2 ymk,pls refer 2 my latest portfolio , no buying n no selling after that ^_-
See guys, look at KLCI today..it has shot up > 30 points in less than 2 days..nexttrade n darlie asked to sell n unload yr portfolio last week..is TA works ?
4 me , I didnt asked 2 buy as well as sell, cos I dun know what will mkt heading 2molo..hence, I am adopting fund allocation 4 shares investment, seems my method is working very well .
2 Ivan..what is d conversion n expiry date ? i couldnt find it @ rhb web, as usual, i dun like call warrant, cos their time frame is too short !
Make it short here, old saying...short term cant tell, but over d long term , u will be loughing all d way 2 bank esp those who bought stocks that i am holding.
As 4 citigroup , In long term ( 2 to 3 years )I am eyeing profit of >RM100K from her ! hence..what do u think of current price of 2.80 ? if u cant stand d short term pain..my advice..dun buy !
Dear Sam,
I meant Citigroup. So i think i am stil timid. lets wait they announce the result this friday and see if the price match my ideal buying price.
Thanks
sifu sam,
after monitoring a stock price rise and drop many times like w for a period,
and once again the price is dropping after kena goreng,
if u plan to buy in again at low,
which way does sifu prefer?
or which way sifu advise me to follow?
(1) after the price drop to tp but still dropping, start buying in at stages along the dropping,
(2) wait until it drop to certain lvl and start rising, buy in at few shot.
need ur advise oh.
hopefully sifu understand what i've written as my english is not so good. :(
thanks sifu sam. :)
"2 Ivan..what is d conversion n expiry date ? i couldnt find it @ rhb web, as usual, i dun like call warrant, cos their time frame is too short ! "
sifu, i assume the above is for me as Ivan didnt consult abt warrant?
conversion?
how to check / calculate its conversion?
exipiry date is 06/05/2010.
Sorry for salah type.
the citigrp-c2 price is RM0.07
not 0.70, now RM0.10
malu la like this. -_-"
convertion USD 3.25
maturity: 06-05-10
about: 294 days
ratio: 50: 1
premium: 44.58 %
based on OSK.
It is damn expensive. (My 2 cents)
nice info...
people will now be aware hot to properly invest..and find properties that are very suitable for business.
Property Sunshine Coast
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