Have you imagined why a winery need so much of grapes to produce quality wine ? Remember only the BEST grapes is choosen to produce a high grade wine. Take this example each grape has 3-4 seeds that needs to be replanted to produce more grapes. You might wonder why we need so many seeds just to produce few BEST ones ??? This is where the law of seeds plays in, not all the seeds will grow , some will die or even get washed away. You need to add fertilizers , water and take a good care of the grape plants to reap the fruit. Try to apply the same concept in our life, We work so hard in ourlife, we put in alot of effort, we struggle but not all our efforts are reap the success that we wanted. When this happens we will blame other’s , we will blame the world, blame god etc,etc.
Just Ponder, how nice it would be if all of us could accept the fact and continue to seed in more efforts without blaming or finger pointing ?? Why my investment must go on bear now ? Why im not making enough money ? Why my appointments got cancelled ? Why I’m not getting a high bonus ? Why this and why that ?? It is never ending. But if all us could start thinking that there is a valid reason behind all that happens, our life will be much happier . Now coming back to the Grape story ,The seeds that die or being washed away could be those that are BAD in quality , maybe even if it grows it might ended up being thrown away . Apply this principle, if something didn’t happen the way we want, let’s look at the other side of the coin and be happy with what we’re getting now, There is always cause and effect, BUT don’t ever stop seeding you might not know which seed will give you the Ultimate result that YOU are LOOKING FOR !!
We always want sunshine but if it rains, It is OK, Take a cup of hot coffe and Enjoy the serenity of MOTHER NATURE. Trust me YOU WILL LOVE YOUR DAY !
Photo taken from fotosearch.com
Saturday, July 14, 2007
Lazy People
Someone shared this with me :-
"When faced witha DIFFICULT TASK…give it to someone LAZY…they’ll find an EASIER way to do it!"
Im not sure how true it is, although they will find easier way to do it but it won’t be a quality job. Im a person give so much of importance when it comes to work, quality, doing it properly from the begining, adhering to proceess and procedure. If you need to go thro 8 steps to accomplish a single task, then pls go ahead but if u can do it within 6 steps.. bravo , excellent !! There is your re-engineering skills. Many people lack of this, wipe out all the red tapes, simplify process and make it easier to understand.
"When faced witha DIFFICULT TASK…give it to someone LAZY…they’ll find an EASIER way to do it!"
Im not sure how true it is, although they will find easier way to do it but it won’t be a quality job. Im a person give so much of importance when it comes to work, quality, doing it properly from the begining, adhering to proceess and procedure. If you need to go thro 8 steps to accomplish a single task, then pls go ahead but if u can do it within 6 steps.. bravo , excellent !! There is your re-engineering skills. Many people lack of this, wipe out all the red tapes, simplify process and make it easier to understand.
Truth about Hedge Funds
PENANG: After the bailout of Long-Term Capital Management (LTCM), there are news and rumours that several other hedge funds could now be in trouble and that this may pose a risk to global financial stability.
More than a year ago, Malaysia had raised the alarm and requested the IMF to review the role of hedge funds in the Asian crisis.
Due to the agency’s bias for a financial free market, however, the IMF chief defended speculation last December and the IMF secretariat in April 1998 produced a weak report largely exonerating hedge funds.
It was a wasted opportunity to limit the funds’ powers. As a result of non-action, the hedge funds have been able to continue their operations without any tighter regulations, and they are now implicated not only in the original Asian crisis but also in speculation in Hong Kong, Russia and now in the recent volatile turnaround in dollar-yen rates.
Central realities
The LTCM debacle brought to light many central realities at the heart of the global financial crisis.
One of these realities is that some hedge funds are very influential in swaying financial markets, as they specialize in intense speculation in various markets (in equity, bonds, currencies).
Their awesome power is derived from their ability to command very high leverage by borrowing up to twenty or forty times more than the value of their equity. For example, with capital of less than US$5 billion, LTCM was able to borrow up to US$200 billion.
Their command over huge financial resources enables hedge funds to have a tremendous advantage and sway over the markets. For example, they can attack currencies and stocks and cause them to depreciate sharply, more sharply than can be justified by economic fundamentals.
Indeed, hedge funds have the power to trigger financial crises that cause recession and depression of whole economies in the developing world.
Another reality is that the crash of even one highly- leveraged hedge fund has the potential to cause a meltdown of a financial system as large as that of the United States.
Finally, since hedge funds are owned by very rich and powerful individuals and institutions, their activities are guarded and defended by governments in their home countries. After all, the profits of the hedge funds’ adventures in emerging markets have benefitted the rich countries (or at least the top crust of their elites).
And when these funds themselves suffer huge losses, these governments will rush to the rescue by organizing massive bailouts. Even though the same governments preach to others that bailouts of a collapsed company must be avoided at all costs, as a cardinal market principle.
For some time already, attempts to highlight the damaging role of hedge funds had been made by a few developing countries that became victims of hedge funds and other speculative institutions.
Malaysia was first off the mark as early as August 1997, when its premier Dr Mahathir Mohamad bluntly attacked hedge funds (in particular those related to George Soros) for triggering the currency collapses in Asia.
A few months ago, the Hong Kong authorities joined in, blaming hedge funds for manipulating the local currency and stock markets, and intervened massively to beat the speculators off. Hong Kong has now joined Malaysia in campaigning to rein in and regulate the hedge funds.
But the shouts of the victim Asian countries had been ignored, even ridiculed and dismissed as figments of the imagination of leaders seeking to blame foreigners for their countries’ plight and thus deflect blame from themselves.
Today, in the wake of the LTCM debacle and mounting losses in other funds, the laughter and derision have come back full circle to haunt the hedge funds, their investors and creditors, and most of all the financial authorities of the US and other rich nations.
"Shorting" currencies
Hedge funds are a leading component of financial institutions that have speculated on the currencies of many countries. One of their main methods is to "short" a currency. Using its high leverage, the fund borrows many billions of dollars’ worth of a local currency and then sells this local currency continuously in a bid to get the currency to fall drastically.
The central bank concerned, trying desperately to maintain its currency’s level, usually has far fewer resources than a single well-leveraged hedge fund. It buys up its own currency that is being flooded in the market by the speculators and sells off its limited supply of US dollars and other foreign currencies.
Soon enough, its foreign reserves dwindle to danger levels. When the central bank is no longer able to support the local currency, it devalues sharply. The hedge fund now needs far less US dollars to repay the local currency it had borrowed, and thus it pockets a large amount in profit.Taken from : http://www.twnside.org.sg/title/rein-cn.htm
More than a year ago, Malaysia had raised the alarm and requested the IMF to review the role of hedge funds in the Asian crisis.
Due to the agency’s bias for a financial free market, however, the IMF chief defended speculation last December and the IMF secretariat in April 1998 produced a weak report largely exonerating hedge funds.
It was a wasted opportunity to limit the funds’ powers. As a result of non-action, the hedge funds have been able to continue their operations without any tighter regulations, and they are now implicated not only in the original Asian crisis but also in speculation in Hong Kong, Russia and now in the recent volatile turnaround in dollar-yen rates.
Central realities
The LTCM debacle brought to light many central realities at the heart of the global financial crisis.
One of these realities is that some hedge funds are very influential in swaying financial markets, as they specialize in intense speculation in various markets (in equity, bonds, currencies).
Their awesome power is derived from their ability to command very high leverage by borrowing up to twenty or forty times more than the value of their equity. For example, with capital of less than US$5 billion, LTCM was able to borrow up to US$200 billion.
Their command over huge financial resources enables hedge funds to have a tremendous advantage and sway over the markets. For example, they can attack currencies and stocks and cause them to depreciate sharply, more sharply than can be justified by economic fundamentals.
Indeed, hedge funds have the power to trigger financial crises that cause recession and depression of whole economies in the developing world.
Another reality is that the crash of even one highly- leveraged hedge fund has the potential to cause a meltdown of a financial system as large as that of the United States.
Finally, since hedge funds are owned by very rich and powerful individuals and institutions, their activities are guarded and defended by governments in their home countries. After all, the profits of the hedge funds’ adventures in emerging markets have benefitted the rich countries (or at least the top crust of their elites).
And when these funds themselves suffer huge losses, these governments will rush to the rescue by organizing massive bailouts. Even though the same governments preach to others that bailouts of a collapsed company must be avoided at all costs, as a cardinal market principle.
For some time already, attempts to highlight the damaging role of hedge funds had been made by a few developing countries that became victims of hedge funds and other speculative institutions.
Malaysia was first off the mark as early as August 1997, when its premier Dr Mahathir Mohamad bluntly attacked hedge funds (in particular those related to George Soros) for triggering the currency collapses in Asia.
A few months ago, the Hong Kong authorities joined in, blaming hedge funds for manipulating the local currency and stock markets, and intervened massively to beat the speculators off. Hong Kong has now joined Malaysia in campaigning to rein in and regulate the hedge funds.
But the shouts of the victim Asian countries had been ignored, even ridiculed and dismissed as figments of the imagination of leaders seeking to blame foreigners for their countries’ plight and thus deflect blame from themselves.
Today, in the wake of the LTCM debacle and mounting losses in other funds, the laughter and derision have come back full circle to haunt the hedge funds, their investors and creditors, and most of all the financial authorities of the US and other rich nations.
"Shorting" currencies
Hedge funds are a leading component of financial institutions that have speculated on the currencies of many countries. One of their main methods is to "short" a currency. Using its high leverage, the fund borrows many billions of dollars’ worth of a local currency and then sells this local currency continuously in a bid to get the currency to fall drastically.
The central bank concerned, trying desperately to maintain its currency’s level, usually has far fewer resources than a single well-leveraged hedge fund. It buys up its own currency that is being flooded in the market by the speculators and sells off its limited supply of US dollars and other foreign currencies.
Soon enough, its foreign reserves dwindle to danger levels. When the central bank is no longer able to support the local currency, it devalues sharply. The hedge fund now needs far less US dollars to repay the local currency it had borrowed, and thus it pockets a large amount in profit.Taken from : http://www.twnside.org.sg/title/rein-cn.htm
Big Biggies - Unit Trust Industry
Unit trust industry biggest in region
KUANTAN: Malaysia’s unit trust industry is the biggest among Asean countries, said Deputy Prime Minister Datuk Seri Najib Tun Razak.
He said the industry had gained a bigger market and a wider influence among the people over the past 10 years.
“The Government is confident the industry is able to register a more rapid growth with its continuous efforts to launch products for various groups,” he said.
Najib said that last year, the unit trust industry recorded an overall increase, with its net assets growing at 23.6% from RM121.8bil. Its fund management rose 29.2% to 164.4 billion units.
PNB chairman Tan Sri Ahmad Sarji Abdul Hamid, in his speech, said the Malaysian Unit Trust Week (MSAM) was an important activity for PNB as it would be able to display the institution’s ability to utilise, protect and expand the stakeholders’ investments and eventually, distribute the profits in dividends and bonuses.
KUANTAN: Malaysia’s unit trust industry is the biggest among Asean countries, said Deputy Prime Minister Datuk Seri Najib Tun Razak.
He said the industry had gained a bigger market and a wider influence among the people over the past 10 years.
“The Government is confident the industry is able to register a more rapid growth with its continuous efforts to launch products for various groups,” he said.
Najib said that last year, the unit trust industry recorded an overall increase, with its net assets growing at 23.6% from RM121.8bil. Its fund management rose 29.2% to 164.4 billion units.
PNB chairman Tan Sri Ahmad Sarji Abdul Hamid, in his speech, said the Malaysian Unit Trust Week (MSAM) was an important activity for PNB as it would be able to display the institution’s ability to utilise, protect and expand the stakeholders’ investments and eventually, distribute the profits in dividends and bonuses.
Recruitment
Yesterday after work I rushed to Pub.Mutual branch for BOP session with 2 new joiners. It was good detailed session provided by my Supervisor…learned manythings also. YESSSSS the 2 new joiners signed up as a agent under me. It is great achievement for me. I need to push my people to perform well and see them making money. Work hard to strive and achieve in a greater heights. Business with partner’s will bring greater rejoice as we have common things to talk and we walk together handholding to be success.
With investment people have nothing to lose, we help them not to lose their money in anyway. That is our objective. We want to see people making money. Save atleast 1K for start and top-up whenever you feel like doing it.
With investment people have nothing to lose, we help them not to lose their money in anyway. That is our objective. We want to see people making money. Save atleast 1K for start and top-up whenever you feel like doing it.
Why I choosed to be UTC not anything else ?
I started my IT business 3 years back, it gives some kind of good income but nevertheless we have no sufficient time to meet up with our customer’s on timely manner. We manage to secure few contracts it did earn the $$$ but timing was the main constraint.
Food Business- We secured the master license for food franchising business to open Chain stalls in all Train stations. We almost got conned tired and we put in our hardwork like crazy. After work, make appointment, meet people, talk explain about the concept. Rush back home for my tuition classes and after tht start hitting book for my MBA. Slept late and next day wakeup early as 5:30am to rush to work at 7am. Pheeewww damn tiring. This was going on for many months untill we decided to pull out, there is no sincerity between the License owner. Our profit was $ 0,000,000.00.
There was a gap for 2 years and this year I have decided to do something different. I want to secure my income in each and everyway. Being a contract worker taught me lessons in life. Don’t take life for granted. Life is not all about working, sitting at home, retire and *&^%. It is more than tht, at the end of day we must not have any regrets. We must feel that we fulfilled our duty and return to HIS hand happily. One must feel contented, rejoice and great about their achievement. I started thinking back of my investment in Pub.Mutual 1 year back, I was also approached to be a Agent but that time my confidence level was low. BINGO ….!!! I told myself that Im going to be a Agent. I called up my agent whom I invested last time and…. the rest are history. It had been 2 months since I joined, i can feel fruit of sucess ..HOWEVER I NEED TO WORK HARDER ! . And I WILL !! ONBVN
Food Business- We secured the master license for food franchising business to open Chain stalls in all Train stations. We almost got conned tired and we put in our hardwork like crazy. After work, make appointment, meet people, talk explain about the concept. Rush back home for my tuition classes and after tht start hitting book for my MBA. Slept late and next day wakeup early as 5:30am to rush to work at 7am. Pheeewww damn tiring. This was going on for many months untill we decided to pull out, there is no sincerity between the License owner. Our profit was $ 0,000,000.00.
There was a gap for 2 years and this year I have decided to do something different. I want to secure my income in each and everyway. Being a contract worker taught me lessons in life. Don’t take life for granted. Life is not all about working, sitting at home, retire and *&^%. It is more than tht, at the end of day we must not have any regrets. We must feel that we fulfilled our duty and return to HIS hand happily. One must feel contented, rejoice and great about their achievement. I started thinking back of my investment in Pub.Mutual 1 year back, I was also approached to be a Agent but that time my confidence level was low. BINGO ….!!! I told myself that Im going to be a Agent. I called up my agent whom I invested last time and…. the rest are history. It had been 2 months since I joined, i can feel fruit of sucess ..HOWEVER I NEED TO WORK HARDER ! . And I WILL !! ONBVN
Investment in 2007
I started investing in leading unit trust -public mutual 1.5 years back with minimum RM1500 and today it is making about extra RM500 as of today’s date.. not bad. If i have put in FD i would have been getting Xtra $94.25 , so my decision was good. I just want to let it be there and grew…
This Year i wanted to something worthful in my life, somethin which i dare not think about..FINANCIAL ..yes, So I decided to be Insurance Agent. After giving thought, weighting the pros and cons.. I felt Malaysia had been mushroomed enough of Insurance Agent . So I started to decide.. TING..gotcha, I decided to be a Unit Trust Consultant.
Emm it is not easy..I need fork out RM247 +Rm15 to be one + a tough Exam + a CUTE class + revise thick book + Calculation… pheewwww…
U know how i studied, one day before the exam.. i went through the Mock exam and i FAILED miserably..tension giler.. I sat and study again.
The next day was exam + Valentine day. My bf was very well known for his kind heart so he dropped me at the Center in PJ, informatics SS2. Damn looking for the Center is very challenging. We spend 1 hour looking for the place and it is just right infront of us. We missed it because it doesn;t have any signage.. Can You believe that Informatics center without signage/board.
Sat for the exam in Prometric stlye..Single click and your result is there !! Yes I passed the exam successfully however i was waiting for results from FMUTM ( Federation of Unit Trust Malaysia).
In my upcoming blogs i will be including alot of information on Investment and how do we maximise our wealth in better ways.
This Year i wanted to something worthful in my life, somethin which i dare not think about..FINANCIAL ..yes, So I decided to be Insurance Agent. After giving thought, weighting the pros and cons.. I felt Malaysia had been mushroomed enough of Insurance Agent . So I started to decide.. TING..gotcha, I decided to be a Unit Trust Consultant.
Emm it is not easy..I need fork out RM247 +Rm15 to be one + a tough Exam + a CUTE class + revise thick book + Calculation… pheewwww…
U know how i studied, one day before the exam.. i went through the Mock exam and i FAILED miserably..tension giler.. I sat and study again.
The next day was exam + Valentine day. My bf was very well known for his kind heart so he dropped me at the Center in PJ, informatics SS2. Damn looking for the Center is very challenging. We spend 1 hour looking for the place and it is just right infront of us. We missed it because it doesn;t have any signage.. Can You believe that Informatics center without signage/board.
Sat for the exam in Prometric stlye..Single click and your result is there !! Yes I passed the exam successfully however i was waiting for results from FMUTM ( Federation of Unit Trust Malaysia).
In my upcoming blogs i will be including alot of information on Investment and how do we maximise our wealth in better ways.
What to watch out when Investing in Unit Trust
Some Basic guidelines when you have decided to Invest.
Im a investor and also Unit Trust Consultant so my advise would be following :-
1. Which company we’re investing ?2. Which fund you will be selecting, look at the service charge.3. What is NAV and buying price for each unit.4. Is there any Dividen declared after financial year?5. Is the Fund Manager’s conservative ?6. What are the services provided by the Unit trust consultant?7. What are the ways to mitigate risk involved ?
8. How is the other fund performance ? Look at the quaterly fund review. Compare the returns with FD/Inflation rate & KWSP.
Important : Assess your risk profile & identify them accordingly.
Secondly what is your objective for investment , why you need to invest ? Is it for old age, for children education, to buy house or etc. One need to identify the risk profile accordingly. When there is some profit making , decide what need to do ? You might want to lock the profits to secure the investment.
Im a investor and also Unit Trust Consultant so my advise would be following :-
1. Which company we’re investing ?2. Which fund you will be selecting, look at the service charge.3. What is NAV and buying price for each unit.4. Is there any Dividen declared after financial year?5. Is the Fund Manager’s conservative ?6. What are the services provided by the Unit trust consultant?7. What are the ways to mitigate risk involved ?
8. How is the other fund performance ? Look at the quaterly fund review. Compare the returns with FD/Inflation rate & KWSP.
Important : Assess your risk profile & identify them accordingly.
Secondly what is your objective for investment , why you need to invest ? Is it for old age, for children education, to buy house or etc. One need to identify the risk profile accordingly. When there is some profit making , decide what need to do ? You might want to lock the profits to secure the investment.
Why must you invest in Unit trust ?
Why Must you invest in Unit Trust ?
1. Diversification - Diversify the way you manage your $.
2. Dollar Cost Averaging - buy the units at average price to make more profit.
3. Liquidity
4. Capital Appreciation/growth - E.g During buying Each unit cost 0.05 cents 3 years later the same unit cost 0.10 cents , so the price per unit appreciated by 0.05 cents.
If you bought 4000 units for RM1000 (selling price @ 0.25cents) , capital appreciation of 0.05 cents will result selling price to 0.30cents.
4000units x 0.30 cents = $ 1,200 .
Conclusion : You made profit RM200
1. Diversification - Diversify the way you manage your $.
2. Dollar Cost Averaging - buy the units at average price to make more profit.
3. Liquidity
4. Capital Appreciation/growth - E.g During buying Each unit cost 0.05 cents 3 years later the same unit cost 0.10 cents , so the price per unit appreciated by 0.05 cents.
If you bought 4000 units for RM1000 (selling price @ 0.25cents) , capital appreciation of 0.05 cents will result selling price to 0.30cents.
4000units x 0.30 cents = $ 1,200 .
Conclusion : You made profit RM200
Good sign…Will it sustain ?
Ringgit hits nine-year high against dollar
March 22 2007
THE ringgit rose to its highest level in nine years against the US dollar yesterday, with dealers saying comments made by Prime Minister Datuk Seri Abdullah Ahmad Badawi helped push the currency to close at RM3.4730/3760 against the greenback.In an interview with Reuters and CNBC, Abdullah said the Government prefers a stronger currency.Dealers said Abdullah’s comment was an indication that the Government would not resort to intervention in the foreign exchange (forex) market just to keep exports competitive.Across Asia yesterday, currencies appreciated against the dollar, which dealers said also declined following reports that the Bank of China would stop amassing forex reserves.Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz told reporters yesterday that as the economy continues with its present growth trend, appreciation of the currency is expected.
Taken from Btimes.com.my
March 22 2007
THE ringgit rose to its highest level in nine years against the US dollar yesterday, with dealers saying comments made by Prime Minister Datuk Seri Abdullah Ahmad Badawi helped push the currency to close at RM3.4730/3760 against the greenback.In an interview with Reuters and CNBC, Abdullah said the Government prefers a stronger currency.Dealers said Abdullah’s comment was an indication that the Government would not resort to intervention in the foreign exchange (forex) market just to keep exports competitive.Across Asia yesterday, currencies appreciated against the dollar, which dealers said also declined following reports that the Bank of China would stop amassing forex reserves.Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz told reporters yesterday that as the economy continues with its present growth trend, appreciation of the currency is expected.
Taken from Btimes.com.my
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