Friday, 3 March 2017

1st post of 2017 and it's March!

It's been 2 months since my last post.

Honestly, I did have some activity around properties but I didn't feel like writing about it. Can't even remember the name of that project now.. anyway, it is in Wangsa Maju and it is a decent deal but meh... somehow it got me excited then the sales tactics quickly left me COLD. So I didn't bother.

ANYWAY.. so what's new is that I'm in a relationship now, in love and feeling happy. Wonder if that has anything to do with me not posting anything lately, LOL!!

So on the money front - updates thus far:

  • Bonus - quite decent, about the same as last year - think it is slightly up by a few thousand. All in all, am very grateful for it.
  • Increment - I had a bad initial reaction to it, and I admit it was unjustifiable on my part because the increment was generous, except that the bulk of it came from the car allowance and not basic. It seems petty, I suppose - why not just make it as basic? Ah well, they still pay EPF on the allowance (and I have to pay tax on it too) so it's essentially the same as basic. Just the name only lor ... although, technically, employers *can* take away an allowance if need be... so that's the risk there that I was reacting to, I guess.
  • EPF dividend - just announced at 5.7%, to me, that's ok. I'm sure there are lots of people who won't be happy with that but then again, they are generally unhappy anyway, so no difference hahaha some funds can have stellar payouts like 20% but for a sovereign pension fund like the EPF, it can't take that much risk like a smaller fund, so there's that..
I'll stop here for now.  

Thursday, 29 December 2016

Investment property

I have decided to look for properties that I can afford to buy in cash... don't want the hassle of taking loans.

However, to be on the safe side in terms of the transfer and so on, it is actually better to take a loan because of the due diligence done by the bank.

They will make sure the transfer is effected properly before they release the loan; cash buyers need to be very sure on the procedure in case they get duped.

Anyway, just my thoughts on the matter...

Friday, 2 December 2016

Some thoughts on Malaysian ringgit

I'm definitely no expert on foreign exchange.

Was just thinking while walking back from lunch, as one does, that the degree of volatility doesn't seem to make sense. More so if people take the exchange rate as a proxy for your economy - while it does have bearing if the rate is long term and sustained, the sudden drop in currencies like MYR and Brazilian real doesn't jive with the economic fundamentals.

For example; we are still growing... our GDP growth is still positive compared to lots of other countries. We are still exporting a lot of goods despite the lower demand - after all, people around the world still need vegetable oil, petroleum and so on.

The problem is that if the speculators can sustain their attacks and the western media keeps repeating the same "bad news" / bad spin, then it becomes a self-fulfilling prophecy.

Sigh ... what can one do? I think to help the country, we must spend internally - to keep the momentum going.

Of course, one should spend wisely but we must not stop spending altogether.