Malaysia Money Matters

Oh dear, I had meant to write a review about this for quite some time but have been busy. Also, I didn't have much time to see the property and the details - only the location which was already very attractive to me. So from the info that I got from the chat with the agent Phillip, the location is next to Jaya One - very nice location because you in PJ but with easy access into Bangsar, Damansara Heights, Mont'Kiara and thus into KL Centre via Jln Parliament or Jln Tun Razak. Jaya One has loads of amenities (although a little quiet for my taste, nonetheless middle & upper-middle class clientele) with office buildings - hence good rental opportunities; or if you are working there then this is an ideal property for you as it has a walkway connecting the condo to the commercial district. Pricing is reasonable at about RM700k+ for PJ area, I reckon that's a good buy. Believe it is leasehold but so is everything in that area, just about. My only grouse would be t

LOL my lame attempt at clickbait. Yes, I recently made a purchase / investment and it went  UP in value 20 TIMES within a few days! What was it? A copy of Batman: Damned issue #1. Why? It contained full frontal nudity of the Bat-peen. hehe Seriously though (hehe), it is because American comics are actually strictly governed by a pretty archaic self-imposed code of conduct that was set sometime in the 1950s. So while you could argue that the images in modern comics are highly sexualised, anatomically correct nudity is actually taboo and not depicted at all. Hence, this particular issue did contain it - I felt that it was alright and had *some* bearing on the story in that he (Batman) was really at his lowest point and pondering what to do - so the nudity was symbolic of him about to start anew and/or being extremely vulnerable. Anyway, I managed to get a copy at the normal price and within a couple of days, my old friend from school was telling me that the bidding had

I am thinking of going into real estate - first as an agent and then to work my way to either owning my own agency or being attached to a large firm at a senior level. There are many reasons - mainly to do with time flexibility (I know I still have to hustle but at least one is not tied to office hours) and the potential to make a lot of money from big deals. To be honest, working in banking has been very rewarding financially, not to mention the complexity of the work is intellectually stimulating. But I'm getting tired of it and feel that I would rather take my destiny into my own hands instead of waiting for a yearly bonus and increment. So let's see how things go - I'm going to a preview on the BOVAEA diploma certification to become an agent this weekend to get more information.

Haven't been blogging - rather busy nowadays and so on. It's appraisal, bonus and increment season now, so have been preoccupied with that, along with goal setting and what not. Anyway, I have been shopping around casually for properties but haven't found anything that I like enough to buy. Thinking of getting a cheap property at below 200k for rental - maybe a commercial one that can rent out easily. Areas that have reasonably priced units - to my mind - are Kepong and Cheras Business Centre which are busy enough but not overly expensive. I supposed Kuchai Business Park is also one but haven't looked deeply into that. Let's see how things go...

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.

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.