An interesting movie starred by Ben Miller.
His name is Walter Mitty. Worked with LIFE Magazine for 16 years as a Negative Asset Management, processing film negatives for "Sean O'conner" a famous photographer for LIFE.
It is about his journey of life looking for Sean O'conner for the missing piece of negative No.25 that was sent to Walter. Meanwhile, LIFE is going through a transition of being taken over by a new owner, where LIFE will published its last physical issue with the cover taken by Sean in the negative No. 25, which is MISSING. The new management was turning old fashion physical copy of LIFE into LIFE online, a digital copy.
"While there is Life, there's hope" the motto of the first issue of LIFE Mag. (not in the movie)
It is an interesting journey had when he followed the motto of the LIFE Mag,
To see the world…….
save our soul www.falundafa.org
Tuesday, September 2, 2014
Wednesday, August 13, 2014
SOS Robin Williams
Robin Williams passed away on 12 August 2014 at 63.
Suspected suicide. News said it was due to depression.
One of the best comedian.
Life is such a fragile.
A celebrity and from the perception of the public, he has it all. Of course we will never know what he has sacrificed to be there. News said that in real life, he is a very generous and a kind man. It is indeed a sad day for most.
Sometimes, we will never understand. Tribulations are everywhere, and they sees no rich or poor, high or low is status in the society.
Suspected suicide. News said it was due to depression.
One of the best comedian.
Life is such a fragile.
A celebrity and from the perception of the public, he has it all. Of course we will never know what he has sacrificed to be there. News said that in real life, he is a very generous and a kind man. It is indeed a sad day for most.
Sometimes, we will never understand. Tribulations are everywhere, and they sees no rich or poor, high or low is status in the society.
Monday, August 11, 2014
SOS Aftershock Investors
WHAT THE EXPERTS SAYS?
The latest book by David on AFTERSHOCK painted a very ugly picture about US recovery which the bubble will burst between 2013 to 2015.
Growth of government debt is 10-15% over the last 5 years, whereas GDP growth is around 1-2%.
Well, this is ONE of the most interesting topics (Market CRASH since 2008) among investors. Marc Faber has been talking about it for the last 3 years, Gary Shilling has been talking about it for the past 3 years, Robert Prechter has been talking about it for the last 4 years.
Timing wise, none are near. However, each gave similar reasoning, printing of new money driven growth, will not last forever, period.
I am not going to add in more since the experts have said it.
WHAT SHOULD WE DO?
That does not mean you cannot continue to invest in Bursa because you must always remember to diversify your portfolio into a few categories such as, CASH, STOCKS, PROPERTIES or GOLD. So, within STOCKS, always choose good companies (with high ROE) at a good price (lower than peers) or at a fair price with GOOD GROWTH POTENTIALS.
Of course, within STOCKS if we think the market is overheated (too high PE like over 20 x), one can reduced to say 60 or 70% invested. But one must always stay invested if you can find company with GOOD ROE and GOOD PRICE. When the market is high, you will realise it is harder to get this type of companies. However it is advisable to stay invested, at least 60% (if we seriously think the market is overheated) since this is your PORTFOLIO allocation.
The latest book by David on AFTERSHOCK painted a very ugly picture about US recovery which the bubble will burst between 2013 to 2015.
Growth of government debt is 10-15% over the last 5 years, whereas GDP growth is around 1-2%.
Well, this is ONE of the most interesting topics (Market CRASH since 2008) among investors. Marc Faber has been talking about it for the last 3 years, Gary Shilling has been talking about it for the past 3 years, Robert Prechter has been talking about it for the last 4 years.
Timing wise, none are near. However, each gave similar reasoning, printing of new money driven growth, will not last forever, period.
I am not going to add in more since the experts have said it.
WHAT SHOULD WE DO?
That does not mean you cannot continue to invest in Bursa because you must always remember to diversify your portfolio into a few categories such as, CASH, STOCKS, PROPERTIES or GOLD. So, within STOCKS, always choose good companies (with high ROE) at a good price (lower than peers) or at a fair price with GOOD GROWTH POTENTIALS.
Of course, within STOCKS if we think the market is overheated (too high PE like over 20 x), one can reduced to say 60 or 70% invested. But one must always stay invested if you can find company with GOOD ROE and GOOD PRICE. When the market is high, you will realise it is harder to get this type of companies. However it is advisable to stay invested, at least 60% (if we seriously think the market is overheated) since this is your PORTFOLIO allocation.
Friday, July 18, 2014
SOS RIP MH370 & MH17
Two tragedies for Malaysia in a span of 132 days. This is unprecedented and sad for the families that lose their love ones in MH370 and MH17. One happen on 8 March 2014 and another on 17 July 2014.
A total of 534 lives are killed (239 + 295). Air transport used to be the safest transport in the world, now, no longer one. If you do a search on wikipedia, you may be shock to find out that in a year, an average of 10-30 commercial flights accidents happen, nearly every year. For 2014, up to July 17, there are four commercial flight accidents.
So, and both may not even be due to technical problems. One was missing and one was shot down. It is man-made disasters. What is happening?
Let us hope no more for many years to come.
A total of 534 lives are killed (239 + 295). Air transport used to be the safest transport in the world, now, no longer one. If you do a search on wikipedia, you may be shock to find out that in a year, an average of 10-30 commercial flights accidents happen, nearly every year. For 2014, up to July 17, there are four commercial flight accidents.
So, and both may not even be due to technical problems. One was missing and one was shot down. It is man-made disasters. What is happening?
Let us hope no more for many years to come.
Saturday, June 14, 2014
SOS Spain in Trouble
June 5-13 (2014)
Sevilla-Mija-Cordoba-Segovia-Madrid
A shock defeat of 5-1 by Spain in the world cup 2014 to Holland on 13 June 2014.
A little visit to the outskirt of its tourist spots shows that Spain is over built with Condominiums. Some are left empty and some are not completed. Nevertheless the outskirt of Spain is beautiful and scenic.
Food we should try in Segovia is the suckling pig, it taste much better than its look.
Of course, the rest is the Paella, tapas and curros. Of course they have their (other top 10 dishes in Spain) Gazpacho (cold tomato soup, with chopped onion, tomato, bread crumps) and Bean Stew Soup. The Gazpacho is cold and sourish, hence it is very refreshing while the Bean Stew Soup is rather saltish, I suppose taken with bread and the bean to reduce the saltiness.
Of course they are many other dishes that we have missed. During our visit to Spain, the conversion is around Euro 1 = RM4.50
Sevilla-Mija-Cordoba-Segovia-Madrid
A shock defeat of 5-1 by Spain in the world cup 2014 to Holland on 13 June 2014.
A little visit to the outskirt of its tourist spots shows that Spain is over built with Condominiums. Some are left empty and some are not completed. Nevertheless the outskirt of Spain is beautiful and scenic.
Food we should try in Segovia is the suckling pig, it taste much better than its look.
Of course, the rest is the Paella, tapas and curros. Of course they have their (other top 10 dishes in Spain) Gazpacho (cold tomato soup, with chopped onion, tomato, bread crumps) and Bean Stew Soup. The Gazpacho is cold and sourish, hence it is very refreshing while the Bean Stew Soup is rather saltish, I suppose taken with bread and the bean to reduce the saltiness.
Of course they are many other dishes that we have missed. During our visit to Spain, the conversion is around Euro 1 = RM4.50
Tuesday, May 13, 2014
SOS Secret of finding out Education Funding?
Education Funding
Kid = 3 years old, Assumed 19 years enter Uni, Investment return = 5.058%, Course inflation = 6%
1. Find FV of fee when your kid is age 19. PV(course fee today), I (inflation), N (no of years to Uni)
2. Find PV[when kid reach 19] (for 3 years course fee) (BGN) PMT (204,000), I (5.058-6/1.06), N (3 years course) = 826,000
3. Find PV(now required) = PV (826,000), I = (5.058%), N = (years to 19 years = 16)
Kid = 3 years old, Assumed 19 years enter Uni, Investment return = 5.058%, Course inflation = 6%
1. Find FV of fee when your kid is age 19. PV(course fee today), I (inflation), N (no of years to Uni)
2. Find PV[when kid reach 19] (for 3 years course fee) (BGN) PMT (204,000), I (5.058-6/1.06), N (3 years course) = 826,000
3. Find PV(now required) = PV (826,000), I = (5.058%), N = (years to 19 years = 16)
Sunday, May 11, 2014
SOS The Secrets that most people trying to avoid in their life?
Dear readers (not that it exist anyway),
Well, what is the secret?
It is call FP?
When you are sick, who do you go to?
When your car have problem, who will you call?
So, who is FP?
Do you ever spent a bit of time thinking whether you have enough money for your retirement?
Or for your kids education?
Frankly, with such a stressful day you have in work, and busy catching up with your family, who have time for such a thing, trying to find out the ugly truth?
So when you want to find out whether you can achieve your Financial Goals, you consult a qualified Financial Planner. That is what FP is all about.
Well, in Malaysia, it is still at the infancy phase, typical Asian, shy to reveal their wealth. Scare of being mug?
No actually, scare to find out that you may not have enough to for your kids education funds and retirement funds.
Well, actually, not that Asian is shy, actually they always wants FREE stuff, even for financial planning. The first thing is that they will ask, what is the fee? They never think about the BENEFITS of doing a financial planning.
So, what is the point of finding out that you may not have enough savings for your kids or retirement?
Did you have a plan if something bad happen to you? Such as Death or Critical Illness? Is your spouse, kids or parents well PROTECTED if you are the breadwinner of the family?
Never bother right?
What happen if you find out your are UNDER coverage for your insurance?
Well, like doctors, FP will diagnose your financial health, talking about your net surplus, savings, debt servicing ratio, liquidity, debt over assets etc, just like testing your blood, if , one you have high blood pressure, high cholesterol, diabetes, other sickness it might shown in your blood or other health screening test.
Similarly, FP is your financial health doctor. You have to see a FP regularly when to know if you are Financially in good health.
When was the last time you wrote or update your Will?
Can you name or your nominees in your life insurance policies or EPF?
Have you any idea what is your yearly expenses? Or how much you need roughly for your retirement, say you may live up to 80 years old?
FP is actually a PROCESS.
It is a financial planning process, called EGADIM.
E is for establishing and defining relationship with the client.
G is for gathering client data.
A is for analysing and evaluating client's financial information.
D is to develop and presenting the Recommendation
I is for implementing the financial plan recommendations
M is monitoring or reviewing the implementation of the financial plan.
EGADIM is actually all done and reported in the Financial Planning report consisting of:-
Well, what is the secret?
It is call FP?
When you are sick, who do you go to?
When your car have problem, who will you call?
So, who is FP?
Do you ever spent a bit of time thinking whether you have enough money for your retirement?
Or for your kids education?
Frankly, with such a stressful day you have in work, and busy catching up with your family, who have time for such a thing, trying to find out the ugly truth?
So when you want to find out whether you can achieve your Financial Goals, you consult a qualified Financial Planner. That is what FP is all about.
Well, in Malaysia, it is still at the infancy phase, typical Asian, shy to reveal their wealth. Scare of being mug?
No actually, scare to find out that you may not have enough to for your kids education funds and retirement funds.
Well, actually, not that Asian is shy, actually they always wants FREE stuff, even for financial planning. The first thing is that they will ask, what is the fee? They never think about the BENEFITS of doing a financial planning.
So, what is the point of finding out that you may not have enough savings for your kids or retirement?
Did you have a plan if something bad happen to you? Such as Death or Critical Illness? Is your spouse, kids or parents well PROTECTED if you are the breadwinner of the family?
Never bother right?
What happen if you find out your are UNDER coverage for your insurance?
Well, like doctors, FP will diagnose your financial health, talking about your net surplus, savings, debt servicing ratio, liquidity, debt over assets etc, just like testing your blood, if , one you have high blood pressure, high cholesterol, diabetes, other sickness it might shown in your blood or other health screening test.
Similarly, FP is your financial health doctor. You have to see a FP regularly when to know if you are Financially in good health.
When was the last time you wrote or update your Will?
Can you name or your nominees in your life insurance policies or EPF?
Have you any idea what is your yearly expenses? Or how much you need roughly for your retirement, say you may live up to 80 years old?
FP is actually a PROCESS.
It is a financial planning process, called EGADIM.
E is for establishing and defining relationship with the client.
G is for gathering client data.
A is for analysing and evaluating client's financial information.
D is to develop and presenting the Recommendation
I is for implementing the financial plan recommendations
M is monitoring or reviewing the implementation of the financial plan.
EGADIM is actually all done and reported in the Financial Planning report consisting of:-
- Executive Summary
- Personal Data
- Planning Assumptions (Introduction on EGADIM, the 6 step process of Financial Planning process)
- Existing Financial Situation (Cash Flow/Net Worth/Financial Ratio/Tax Analysis/Investments/Risk Management/Estate Planning)
- Achievability of Financial Goals
- Recommendations and Action Plans
- Disclaimer
- Appendix (EGAWII)
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