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Showing posts from May, 2018

Malaysia GE14 unprecedented change

The Opposition took power. This has never happened before and many people are elated on social media. Not sure how the feeling is amongst the rural and small town folk though. Overall, I am glad at the fact that we DID make a peaceful change without war or revolution (think it's not in our DNA, Malaysians are a pampered bunch really) but at the same time, I am very apprehensive about having people like Mahathir and Anwar back in the saddle... very worried indeed. The Ringgit has dropped to 4.05 based on NFD as local markets are closed today. The KLCI has lost something like 3% on after hour trading. Is this a knee jerk reaction to the uncertainty? Hopefully so and we will see recovery based on fundamentals. I think there will be at least a momentary uptick in consumer confidence and consumption will pick up just before the fasting month starts. Still uncertain on longer term purchases like housing and cars.

20% return on total capital, 100% return on ventured capital

Results so far, although it's been a wild ride. Using margin account - my current paper profit is 8k on a 40k capital base but I only used 8k of capital for the margin, hence the "100%" return. Sounds wonderful but it is really not easy to do so.