tag:blogger.com,1999:blog-84640433507129502692024-03-13T23:20:24.257+08:00May You Be Well & HappyCheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.comBlogger198125tag:blogger.com,1999:blog-8464043350712950269.post-61746615635886199972010-06-24T17:11:00.003+08:002010-06-24T17:35:02.202+08:002nd EPF!The move to allow EPF members to buy only funds with a track record of at least three years has drawn mixed reactions.Effective August, funds with a less than a three-year performance track record as well as newly launched ones will not be sold to EPF contributors. The new rulings also reinstated a previous move to allow EPF members to invest in funds with foreign exposure, but now with a limit CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com1tag:blogger.com,1999:blog-8464043350712950269.post-63469239405256502192010-06-15T16:59:00.003+08:002010-06-15T17:03:36.760+08:00Diversified From EPF to Unit TrustSignificantly larger number of EPF members withdrew part of their retirement savings for investment in unit trusts. The amount withdrawn under Members’ Investment Withdrawals in first quarter of 2010 (Q1 2010) increased by 43.26 per cent to RM911.15 million (Q4 2009: RM896.66 million) from RM636.01 million withdrawn in the corresponding period in 2009. Total applications approved under this CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-88548408189808263662010-06-10T15:25:00.002+08:002010-06-10T15:28:42.093+08:00EPF's Top 30 EquitiesEPF will publish its Top 30 equity investments in companies listed on Bursa Malaysia on a quarterly basis. Members could see from the website which companies their savings were invested.The investment highlights can be viewed at www.kwsp.gov.my. As of March 31, the EPF’s top three shareholdings were 67.33% stake in Malaysian Building Society Bhd, 56.14% of RHB Capital Bhd and 41.54% of Malaysian CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-81665521511069276772009-11-09T16:50:00.000+08:002009-11-09T16:51:43.238+08:00Ugly Ogling OgreOnce upon a time, there lived an ugly ogling ogre who had a kind heart. He was a vegetarian. He was in love with Ohoho. Huh? Did I get your attention?The power of storytelling is something that we fully understood and enjoyed as children, but somehow forgot as we grew older. Our brain waves would change during a presentation when the presenter says the magic words, "Let me tell you a story..." CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com5tag:blogger.com,1999:blog-8464043350712950269.post-53921320241098166732009-07-23T17:31:00.002+08:002009-07-23T17:36:30.071+08:00Private Pension FundsMalaysia is set to have private pension funds by the middle of 2010. This is part of the whole pension fund reform in the country and crucial for building the new high income-based economic model.Several fund managers have shown keen interest in establishing private pension funds. Therefore, there could be a few, rather than just one. At present, a relatively large proportion of the economically CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com1tag:blogger.com,1999:blog-8464043350712950269.post-72982120293017572942009-07-13T13:32:00.001+08:002009-07-13T13:34:35.749+08:00More Educated, More Greed?A staggering RM20mil - that is how much Malaysians have been conned by African tricksters in the past few years in at least 11 internationally known scams ranging from Black Money to inheritances which promise non-existent wealth.The statistics, provided by Bukit Aman, also showed that most victims are, ironically, educated people such as lawyers, accountants, academicians and even politicians CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com1tag:blogger.com,1999:blog-8464043350712950269.post-25040129449662687822009-07-07T18:36:00.000+08:002009-07-07T18:38:14.453+08:00How the Black Money scam worksThe Black Money scam was reported by Interpol to have surfaced in Malaysia in 1998.Most of these con artists enter the country on a social visit pass which allows them to stay up to 30 days. They tend to enrol in local colleges, just to obtain student visas so that they could extend their stay here. They would then send out random emails and SMS, promising huge piles of money. Usually a “CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-76811558153968838212009-06-23T17:52:00.002+08:002009-06-23T17:55:39.276+08:0010 Types of Scam1) Animal vaccine:These vaccines are ostensibly for farmers to use on their animals to help them breed faster. The demonstrations conducted by the con men are so convincing that the victims do not hesitate to buy the “magic vaccine” despite its high price.2) Currency exchange:Customers are offered extraordinary rates when they want to convert their money.3) Inheritance:Syndicates would use CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com2tag:blogger.com,1999:blog-8464043350712950269.post-41691135190797474822009-06-12T14:03:00.001+08:002009-06-12T14:04:46.774+08:00Mistakes MistakesHere are some commonly made money mistakes that everyone should avoid:Mistake #1:Failing to PlanNot many of us plan our finances. The most common response that we can anticipate would be the classic excuse “We are just too busy with work and family that we hardly have any time left to do the planning”. As a result, most of us end up paying higher taxes, leave our savings sitting silently in lousyCheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-83937443224640879292009-06-05T17:37:00.000+08:002009-06-05T17:40:00.975+08:00Tax Planning Strategy - Unit TrustsUnit holders will be taxed on distribution received from a unit/property trust. The income distributed will include a tax credit which is actually tax paid by the unit trust company. The unit holders can therefore utilise the tax credit available to set off against their tax payable. Any excess of tax credit over the tax payable will be refunded by the tax authorities to the unit holders.Income CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-45182740161661821122009-06-02T19:15:00.002+08:002009-06-02T19:28:35.983+08:00One"If you are first you are first. If you are second you are nothing." Bill ShanklyThis blog is ONE year old! It has evolves from 'the story of my life' and all the jazz to a more investment and economy centric blog. After close to 200 hundred articles, unfortunately, instead of going and growing stronger, due to work and personal commitments, I have to sacrifice this writing passion on the back CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com1tag:blogger.com,1999:blog-8464043350712950269.post-71827774113646638672009-05-25T17:19:00.002+08:002009-05-25T18:38:51.509+08:00BrandingThere were no surprises in the Reader’s Digest Trusted Brands Awards 2009. The survey was carried out by research firm The Nielsen Co, with respondents voting for their most trusted brands in 43 categories of products and services.The brands were assessed and ranked quantitatively and qualitatively based on six determining factors: trustworthiness and credibility, quality, value, understanding ofCheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-1233361049768440782009-05-22T18:01:00.001+08:002009-05-22T18:03:28.056+08:00Ice Breaker - Me Myself & IChee Wee is a very common name. Few years back, when I was purchasing an electrical item at SenHeng Electrical, the sales consultant did a search and voila, there were 5 Tan Chee Wee in the database! You can also call me Sumana. That’s my Buddhist name. Should I tell you more on Buddhism? Of course not. My madam mentor cajoled me to talk about myself – nothing else otherwise the ice will not beCheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-3011008445428307522009-05-18T08:39:00.002+08:002009-05-18T08:46:34.997+08:00Economics for Dummies IISaving is sin, and spending is virtue.Japanese save a lot. They do not spend much. Also Japan exports far more than it imports. Has an annual trade surplus of over 100 billions. Yet Japanese economy is considered weak, even collapsing. Americans spend, save little. Also US imports more than it exports. Has an annual trade deficit of over $400 billion. Yet, the American economy is considered CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com1tag:blogger.com,1999:blog-8464043350712950269.post-87857472342899609632009-05-14T13:59:00.003+08:002009-05-14T17:32:31.263+08:00Economics For DummiesIn a small town on the South Coast of France, holiday season is in full swing, but it is raining so there is not too much business happening. Everyone is heavily in debt.Luckily, a rich Russian tourist arrives in the foyer of the small local hotel. He asks for a room and puts a Euro100 note on the reception counter, takes a key and goes to inspect the room located up the stairs on the third CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-62985657307835233662009-05-11T12:30:00.003+08:002009-05-11T16:26:29.460+08:00Have Fun & Fund When Investing!When investing in stocks control your greed and fear. We need to know who we are in order to do well in stock market investing - Ooi Kok Hwa, investment adviser The recent strong market rally caught many investors by surprise again. Most investors predicted that it was just a bear market rally. They have been hoping the market will turn down again. Unfortunately, it has been moving up strong CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-75891388760510549202009-05-08T07:47:00.001+08:002009-05-08T09:39:48.735+08:00Happy Wesak“Health is the highest gain. Contentment is the greatest wealth”“Contentment is the quality of being able to do with what little we have.” ~ The Buddha ~Contentment is the greatest possession in life. If one have everything but not able to be contented in life, one would not be able to find the real happiness. A contented person is one who do not have excessiveness, who is self-restrain, who CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-35854414100786288562009-05-07T17:33:00.001+08:002009-05-07T17:39:38.897+08:00Happy Mistake Free Investing"Learn from the mistakes of others. You can't live long enough to make them all yourself." - Eleanor Roosevelt.Some mistakes are more painful than others. Followings are investing mistakes that you do not want to make and are avoidable.#1 Don't Let Poor Asset Allocation Make You PoorBefore trying to figure out if the latest share tip is worthy of your investment dollars, you need a plan. How muchCheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-85700079076189521652009-05-06T17:42:00.002+08:002009-05-06T17:46:15.287+08:00Baby Step To Financial Freedom - CommentsMy mate, Kayage Class 88 commented on the article, Baby Step To Financial Freedom posted on Monday 4 May 2009. He has his points and thought it would be a waste if I did not share his thoughts. Here we go - lock stock barrel...Whilst knowing how to invest is a good thing, I do not think it is a 'must'. Looking back at our parents' time, were there mutual funds schemes during that time? I dare sayCheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-38689944096643457592009-05-05T13:29:00.000+08:002009-05-05T13:33:51.084+08:00Planning To Retire!"If you can't make decisions in life, you're a bloody menace. You'd be better becoming an MP!" Bill ShanklyYoung parents Viveka and Ananda have been putting aside a fixed sum every month into their savings accounts as part of their retirement nest egg after deducting their household expenses. The ‘journey’ taken is lauded but perhaps they need to re-examine the mode of ‘vehicle’. The common CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-12069027666046403222009-05-04T13:38:00.001+08:002009-05-04T13:55:43.659+08:00Baby Step To Financial FreedomAssume you start investing at the age of 25 and intend to retire at 55. By saving RM100 per month and invest the money into fixed deposits (FD), assuming the FD can provide about 3% return over the next 30 years, your investment portfolio will reach RM58,274 when you reach 55.However, if you can generate 5%, 7% and 10% returns, your investment portfolio will achieve RM83,226, RM121,997 and CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com3tag:blogger.com,1999:blog-8464043350712950269.post-303883540724397702009-04-29T18:38:00.001+08:002009-05-04T17:08:37.749+08:00Ugly Vegetarian AlbinoOnce upon a time, there lived an ugly albino who had a kind heart. He was a vegetarian. He was in love with Dino. Huh? Did I get your attention?The power of storytelling is something that we fully understood and enjoyed as children, but somehow forgot as we grew older. Our brain waves would change during a presentation when the presenter says the magic words, "Let me tell you a story..." Those CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com3tag:blogger.com,1999:blog-8464043350712950269.post-14332341845197417402009-04-28T13:52:00.001+08:002009-04-28T14:12:18.434+08:00Learn To InvestDPM is asking the Bumiputra and Indian investors to take up the remaining two billion Amanah Saham Malaysia (ASM) units as the Chinese have already snapped up their quota of 999mil units. He was quoted “This clearly shows the level of understanding among the Chinese when it comes to investment and financial planning for the future.” Susah dahulu, senang kemudian!He also urged parents, teachers CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com1tag:blogger.com,1999:blog-8464043350712950269.post-82771842260440565992009-04-24T12:56:00.002+08:002009-04-24T17:39:57.951+08:00What Is Life?Life is suffering, impermanence. Acknowledge it.We work hard, piling long hours in our workplace for a more comfortable life and to fulfill our responsibilities and commitments. Along the way, we sacrifice and neglect many things notably our health. We start to take things for granted. The pace of changes in the dog eats dog society could make us worse off, as we try to keep pace with the CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0tag:blogger.com,1999:blog-8464043350712950269.post-63489315170594723612009-04-22T17:51:00.000+08:002009-04-22T17:52:59.306+08:00One Pence MortgageA couple in Britain pays almost nothing for the mortgage on their house. When news broke out about a British couple paying a paltry one pence (five sen) a month for their mortgage, it set tongues wagging.However it came as no surprise. After all, banks are paying what pensioners grumbled were “less than peanuts” interest for their hard-earned savings. They seemed blessed as their interest-only CheeWeehttp://www.blogger.com/profile/14333087245470288778noreply@blogger.com0