I am sure that everyone has own excuses when asked to learn investments though they keen to be financial freedom, perhaps able to buy wanted anything .
Many times I had doubted on my own ability to be an investor, from the aspect of capital and relevant knowledge. When I reviewed each of them, I was actually stopping myself from being a successful investor as I kept on giving some "excuses" to myself that I would not have such capability. Realizing that capital can be accumulated through self-discipline---never buy things that I do not need. Relevant knowledge can be obtained through given information or sources in Internet.
I often tell people that do not limit yourself as long as you have always got the opportunities to be success if you are able to realize it. Fear of risk would not help you much in the business. Risk could be managed by full preparation of right attitude, different way of thinking and appropriate action to be taken.
Even a cleaning worker can be an entrepreneur in one day if he or she has the determination to be success. Once you have the determination, every problem that could be faced would not be the failure reason anymore.
Successful people solve problems not blame the problems. Learn how to solve and stop blaming. The biggest obstacle in stopping people being success is the never-ending excuses.
Saturday, 18 February 2012
Sunday, 5 February 2012
My Portfolio
Unexpectedly, I have chosen some very little-known companies like CAB Cakaran, a farming and food distributing company, it also sells frozen foods and franchising restaurant.
As a consumer product type company, it has some market share. Something that I am very confidence with it is the company management team---all are Malaysian-Chinese. I am not racist. The fact is Chineses are more proficiency in managing a company compare with Malays. The company has very low share price which is RM0.37 per share. This is very low price in the Main Market!!
By spending RM 37+ I can be a shareholder of this company (just kidding, perhaps I am not going to hold only 1 lot, 10 or 20 lots above are better.) Anyway, I have not really understood well about this company, so I need some times to go and research it. Low P/E is the main reason it attracts me.
Another company is MNRB, the only one local General Reinsurance holding company. When I saw the word of "Reinsurance", I was like a standard one child---what does it mean? According to the explanation of the information, reinsurance is the back-up of insurance company, it means that reinsurance is the insurance of the insurer. Example, I buy a policy which worth RM 2000 from a insurance company, then the company would not absorb all of this, so they would invest (or buy insurance?) in reinsurance company in order to share the risk if there is any compensation,
Very complicated? Never mind, I would keep on researching them to ensure that I know them very well.
My portfolio of 2012-2014
1) CAB Cakaran
2) MNRB
As a consumer product type company, it has some market share. Something that I am very confidence with it is the company management team---all are Malaysian-Chinese. I am not racist. The fact is Chineses are more proficiency in managing a company compare with Malays. The company has very low share price which is RM0.37 per share. This is very low price in the Main Market!!
By spending RM 37+ I can be a shareholder of this company (just kidding, perhaps I am not going to hold only 1 lot, 10 or 20 lots above are better.) Anyway, I have not really understood well about this company, so I need some times to go and research it. Low P/E is the main reason it attracts me.
Another company is MNRB, the only one local General Reinsurance holding company. When I saw the word of "Reinsurance", I was like a standard one child---what does it mean? According to the explanation of the information, reinsurance is the back-up of insurance company, it means that reinsurance is the insurance of the insurer. Example, I buy a policy which worth RM 2000 from a insurance company, then the company would not absorb all of this, so they would invest (or buy insurance?) in reinsurance company in order to share the risk if there is any compensation,
Very complicated? Never mind, I would keep on researching them to ensure that I know them very well.
My portfolio of 2012-2014
1) CAB Cakaran
2) MNRB
Saturday, 4 February 2012
Target in this semester
Second semester in Degree is not tough as I think or maybe I have yet to face the challenge and trouble that could mess me up.
Some subjects tend to be easy like Macroeconomics, I learnt it during my foundation life. The subject has no assignment to be done, instead, there are going to have 2 mid-term tests. So I may aim it at B or B+.
Managing Information, another nightmare for the most students, could be my biggest challenge in this semester. I am extremely weak in Technologies or Information. It makes me worry about my approval of PTPTN loan as I would not get the loan if I were going to fail the subject.
Anyway, now I have a little bit capital to invest. Although it is insufficient for me, but I am trying my best to save more money. At the same time, everything about the share investment and information should be learned and understood well before I start investing.
For this semester, I wish to have RM 1000 capital first. Perhaps in the end of the year, I might have RM 2000 capital.
Some subjects tend to be easy like Macroeconomics, I learnt it during my foundation life. The subject has no assignment to be done, instead, there are going to have 2 mid-term tests. So I may aim it at B or B+.
Managing Information, another nightmare for the most students, could be my biggest challenge in this semester. I am extremely weak in Technologies or Information. It makes me worry about my approval of PTPTN loan as I would not get the loan if I were going to fail the subject.
Anyway, now I have a little bit capital to invest. Although it is insufficient for me, but I am trying my best to save more money. At the same time, everything about the share investment and information should be learned and understood well before I start investing.
For this semester, I wish to have RM 1000 capital first. Perhaps in the end of the year, I might have RM 2000 capital.
Sunday, 8 January 2012
Revolution to evolution
Within weeks, I have been through my tough time---being a fragrance promoter, and express to her. As a promoter, I learnt to be sweet-talker though I was not willing to be as I could not do it. She, a girl who are making me mad until now, I dare to express. Failed, indeed.
About the job, it was a good experience ever to challenge my weakness. First day, I almost ran away and went back to escape from it. A "good" excuse ever I had given to my cousin---my friend had some problem with me, my resignation is to avoid unnecessary disruption of my performance. She was shocked and nearly had no idea what was happening(perhaps she knew it but chose not to speak out).
Reason I wanted to quit was because I could not face so much of customers in the time, rather than, I had no idea in selling some promotion products by distributing testers one-by-one to customers(though they were not interested). My cousin almost cried. She had found no part-timer except me. She needed assistance.
Disappointment had been made. Suddenly I remembered the story of Ghandi. A greatest ever leader in India history. He was the one who led India to be independent from British (if I am not mistaken),peacefully. He was extremely shy. Indeed, he could not overcome it even he became a lawyer. He overcame it because he wanted to bring freedom to Indians and get them freed from British.
Finally, I did too. I am not going to further detail how I did it. It wasn't important. The important is I am getting evolution through a small foot practice. Determination is the key.
About the job, it was a good experience ever to challenge my weakness. First day, I almost ran away and went back to escape from it. A "good" excuse ever I had given to my cousin---my friend had some problem with me, my resignation is to avoid unnecessary disruption of my performance. She was shocked and nearly had no idea what was happening(perhaps she knew it but chose not to speak out).
Reason I wanted to quit was because I could not face so much of customers in the time, rather than, I had no idea in selling some promotion products by distributing testers one-by-one to customers(though they were not interested). My cousin almost cried. She had found no part-timer except me. She needed assistance.
Disappointment had been made. Suddenly I remembered the story of Ghandi. A greatest ever leader in India history. He was the one who led India to be independent from British (if I am not mistaken),peacefully. He was extremely shy. Indeed, he could not overcome it even he became a lawyer. He overcame it because he wanted to bring freedom to Indians and get them freed from British.
Finally, I did too. I am not going to further detail how I did it. It wasn't important. The important is I am getting evolution through a small foot practice. Determination is the key.
Friday, 16 December 2011
Misconception about Accountant nowadays
From few thousands years until nowadays, accounting is still not out-dated but changed in its role. In Malaysia, accountant is a respected job as it is considered professional job ever.
I still remember what did my teacher say when I was in secondary school. She said, accountant earned a lot of money, stable(Boss would not fire accountant first if there is any job-cutting), professional and respected. She gave us a lot of impressions of how good in becoming an accountant.
No doubt, many of the students strongly believed in her said. But I DIDN'T. I do believe that technology keep on advancing every moment in the world, nobody would escape from its impact. If we were still believing in the old mind of industry time, we were out-dated, indeed.
It is not wrong if she said this at 20 or 30 years ago. It definitely wrong if you were still saying this kind of thing in 21st century. Everyone still mixes accountant clerk and qualified accountant.
Nowadays, accounting separates into 2 types: executive and professional. Mostly, executive is doing some accountant's old time job, like key in data, recording transaction. Qualified is acting as a business adviser, provide information to customers or boss, like taxation, legal, and cost structure.
So, can you see the differences? Accounting has changed. Switch from recorder to adviser. You must professional enough if you are ready to be qualified. If accountant is STILL doing recording, why we must have a degree certificate? Diploma also too much for it.
Sadly, most of the Malaysian students do not realise it.
I still remember what did my teacher say when I was in secondary school. She said, accountant earned a lot of money, stable(Boss would not fire accountant first if there is any job-cutting), professional and respected. She gave us a lot of impressions of how good in becoming an accountant.
No doubt, many of the students strongly believed in her said. But I DIDN'T. I do believe that technology keep on advancing every moment in the world, nobody would escape from its impact. If we were still believing in the old mind of industry time, we were out-dated, indeed.
It is not wrong if she said this at 20 or 30 years ago. It definitely wrong if you were still saying this kind of thing in 21st century. Everyone still mixes accountant clerk and qualified accountant.
Nowadays, accounting separates into 2 types: executive and professional. Mostly, executive is doing some accountant's old time job, like key in data, recording transaction. Qualified is acting as a business adviser, provide information to customers or boss, like taxation, legal, and cost structure.
So, can you see the differences? Accounting has changed. Switch from recorder to adviser. You must professional enough if you are ready to be qualified. If accountant is STILL doing recording, why we must have a degree certificate? Diploma also too much for it.
Sadly, most of the Malaysian students do not realise it.
Monday, 12 December 2011
Hesitating in opening account
Not very much I have in my saving account, mostly, could buy some of the shares.
I have saved nothing in this semester, since I expected there will be no saving in first or two semester as I could spend a lot in eating, buying stuff, and some unexpected expenditure like repairing.
In my other account, the money has not been moved since last semester. There was a Citi Bank officer told that Malaysia has 220 basis points in its monetary policy, means that our purchasing power will be decreased every year 220 basis points, example: if you have RM100, after ended of the year, your money will only worth RM 97.80.
This is what we called inflation. We could not avoid it unless we can create extra cash flow other than salary, like investment or set up own business. Inflation will kill our life if we do nothing on it.
Avoiding decreasing purchasing power, I intend to open an CDS account which is for share investment.
I have not built my investment portfolio yet, but soon to make it. Few of the companies are being observed and categories.
A first ever step of Reaching to financial freedom!
I have saved nothing in this semester, since I expected there will be no saving in first or two semester as I could spend a lot in eating, buying stuff, and some unexpected expenditure like repairing.
In my other account, the money has not been moved since last semester. There was a Citi Bank officer told that Malaysia has 220 basis points in its monetary policy, means that our purchasing power will be decreased every year 220 basis points, example: if you have RM100, after ended of the year, your money will only worth RM 97.80.
This is what we called inflation. We could not avoid it unless we can create extra cash flow other than salary, like investment or set up own business. Inflation will kill our life if we do nothing on it.
Avoiding decreasing purchasing power, I intend to open an CDS account which is for share investment.
I have not built my investment portfolio yet, but soon to make it. Few of the companies are being observed and categories.
A first ever step of Reaching to financial freedom!
Sunday, 4 December 2011
Information Overloading
For the few centuries, human community have been gone through highly development of industry, or revolution of industry is more accurate. Within that particular time, numerous innovation and resolution had come out and changed human's lifestyle, in long term.
During that time, people did not need much as less demand created. Most of the people were self-employed, mostly got farms, lands, properties, and own stalls. They would have never thought that most of the people would become employed workers after hundred of years. It happens now.
It doesn't matter with being employed or self-employed for now,though Robert Kyoshiki claims that we should set up our own business instead of being employed which highly depend on only one income, insufficient enough for financial freedom. We should always upgrade ourselves to get improved. Information is necessary.
Information century has come. Every single thing in the world would be revealed through Internet, the largest information store in the world. With the power of the Internet, every impossible has become possible. Information spread quickly without realising it. The impact is unimaginable.
Homework like assignments, business proposal, financial information, even though company profile also can be found easily in the Internet.
The problem is, overloading. If we receive to much of information, overloading always happens. Now, the information that I received has been overloading. Too much and complicated. how should I rearrange my system? It's a headache question.
During that time, people did not need much as less demand created. Most of the people were self-employed, mostly got farms, lands, properties, and own stalls. They would have never thought that most of the people would become employed workers after hundred of years. It happens now.
It doesn't matter with being employed or self-employed for now,though Robert Kyoshiki claims that we should set up our own business instead of being employed which highly depend on only one income, insufficient enough for financial freedom. We should always upgrade ourselves to get improved. Information is necessary.
Information century has come. Every single thing in the world would be revealed through Internet, the largest information store in the world. With the power of the Internet, every impossible has become possible. Information spread quickly without realising it. The impact is unimaginable.
Homework like assignments, business proposal, financial information, even though company profile also can be found easily in the Internet.
The problem is, overloading. If we receive to much of information, overloading always happens. Now, the information that I received has been overloading. Too much and complicated. how should I rearrange my system? It's a headache question.
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