Friday, December 24, 2010
Saturday, December 18, 2010
(Sumber : http://www.facebook.com/notes/pak-di/apa-soalan-yang-perlu-kita-tanya-kepada-penjual-unit-trust/469184958234)
Melalui perbualan lisan bersembang bersama kawan-kawan, emel dan juga menerusi facebook, rakan-rakan saya bercerita mengenai ejen-ejen / konsultan (yang lebih tepat adalah jurujual) saham amanah mendekati mereka dan meminta mereka membeli seterusnya melabur dalam saham amanah. Kebanyakannya tidak berapa tahu apakah keputusan terbaik yang harus dibuat. Beli atau tidak?
Berikut adalah soalan-soalan yang lebih tepat untuk kalian tanya kepada jurujual tersebut. Sekiranya berpuas hati, ok. Kalau tidak berpuas hati, cari jurujual yang lain atau jangan melabur langsung.
1. Tuan / puan sudah berapa lama menjual unit trust?
2. Kalau saya beli dari tuan / puan, apa yang tuan / puan dapat?
3. Kalau saya beli dari tuan / puan, apa yang saya dapat?
4. Kalau saya untung macam tuan / puan cakap tu, apa tuan / puan dapat?
5. Kalau saya rugi, apa tuan / puan dapat ?
6. Kenapa tuan / puan cadang saya beli dana A dan bukan dana B?
7. Kenapa tuan / puan cadangkan dollar cost averaging (melabur setiap bulan atau 3 bulan sekali) dan apa yang tuan / puan dapat?
8. Kenapa tuan / puan cadangkan dollar cost averaging dan apa yang saya dapat ?
9. Saya baru beli buat kali pertama, boleh tak saya batalkan pembelian saya bila-bila masa?
10. Betul ke saya boleh dapat pulangan yang macam tuan / puan tunjukkan tu?
11. Dana yang tuan / puan cadangkan kepada saya ni, melabur di mana dan apakah risiko saya ambil?
12. Potensi keuntungan yang tuan / puan tunjuk kepada saya ni, adalah keuntungan bersih atau keuntungan kasar (belum tolak fi jualan, fi pengurusan dan lain-lain)
13. Kenapa tuan/ puan cadangkan saya melabur selama x tahun ?
14. Apa lagi kos-kos yang perlu saya tahu ?
15. Betul kah sekarang masa yang sesuai untuk melabur ? Kenapa ?
Kemudian, sila nilai jawapan yang jurujual beri. Ambil prospektus dana yang ditawarkan, baca dan bandingkan jawapan yang kalian terima. Kalau kalian betul-betul serius nak rancang wang, inilah yang kalian kena buat. Kalau tidak pihak lain yang serius merancang wang mereka dengan wang kalian.
p.s. Jangan minta saya nilai jawapan tersebut. Nanti saya caj fi.
Wednesday, December 15, 2010
The New Messiah
Now that the 2010 election is over and the dust has settled, I thought I’d make a few comments on the election in which Democrats lost 61 seats and on what politics is telling us.
In my opinion, desperate voters, groups such as the Tea Party movement, are in search of a new Messiah. Many people had high hopes for Barack Obama, but rather than become their political Messiah, he’s terrified and turned off millions of people.
I’m neither a Republican nor a Democrat, so I don’t have a dog in the fight. Personally, I don’t think it makes much difference which party wins. For those of you who have read Conspiracy of the Rich: The 8 New Rules of Money, you already know I believe the rich control the show and that whoever is elected is simply a puppet with the rich pulling the strings.
To me, this heated battle between the Republicans and Democrats is a desperate cry from desperate voters. Millions of middle class voters are hoping and praying someone will save them from this financial crisis. The Tea Party movement is primarily a middle-class movement, a group of people who suspect they’re sliding from the middle class into a future of poverty.
The poor in America may care who’s elected, but they’re not involved in this political battle. The poor already know that politics cannot save them from their poverty, which is why traditionally only a small percentage of the poor vote. They also know their Messiah, President Obama, is in trouble for trying to save them. The poor know that the middle class are not interested in saving the poor because the middle class are now focused on saving themselves.
What most voters don’t know is that the problem isn’t political. So, it cannot be solved by electing new political leaders. The problem is financial, and the core of the problem is located in the Federal Reserve Bank. In other words, the rich control us through the banking system, not the political system.
In Conspiracy of the Rich, I wrote about how the ultra rich control us via our monetary system and our educational system, which is why we have almost zero financial education in our schools. Without financial education, most voters choose to trust in their vote rather than become financially educated.
Without a financial education, most voters don’t realize that financial crises and bank bailouts are integral to the business plan of the ultra rich. The business plan, built around a system of central banks, needs financial crises and bailouts to become richer and control the people via fear.
The recent $115 billion bailout of Ireland demonstrates how desperate the world is. The European Union, including England, says, “We don’t want the crisis to spread.” They say, “If Ireland falls, then Portugal, Italy and Spain will be joining Greece.” They say, “If the European Union fails, England and the US will fail because the EU is the biggest trading partner of England and the US.”
When we the people, the voters, hear this, we happily agree to a $115 billion bailout of Ireland. Without financial education, the average person doesn’t ask, “Where did the $115 billion come from?” The answer is, “The banks printed it.” Nor does the average voter ask, “Who is going to pay the 6 percent interest on the $115 billion?” The answer is, “The Irish taxpayer.” Nor does the average person ask, “And who receives the interest on the $115 billion?” The answer is, “The bankers and those that own the banks.”
Again, this is one reason why there is no financial education in our schools. How else can the ultra rich put their hands in our pockets and steal our wealth besides having us be ignorant of what they’re doing? It’s via our fear of not having enough money, and being poor and destitute, that we blindly allow the ultra rich to steal from us by controlling the money system.
When our political leaders in the US say, “The recession is over,” I wonder what they’re smoking. I wonder who is paying them off. Just because consumers are back shopping for the holiday season, doesn’t mean that we are out of the woods.
When I listen to voters, lathered up and frothing at the mouth about who will win the next election, I feel for them. I know they hope for a new Messiah. Do voters really think that new political leaders can save them from the corruption of the world banking system?
Voters should ask better questions: “What if our politicians cannot save the world? What if they screw up? What are we the people going to do? What if we do slide into a global depression or global hyperinflation? Is there really a new Messiah who can save us? Should we do as President Obama suggests and count on the ‘Audacity of Hope?’”
My rich dad often said, “Hope is for the hopeless.” I’m afraid that the financial situation is hopeless for millions of people, especially if they hope their elected officials will save them.
In November 2010, Robert Zoellick, President of the World Bank, suggested at the meeting of the G-20, that the world consider the gold standard once again. This was a shocker, especially for bankers and politicians. If the world went back on the gold standard, how would the politicians and bankers rule the world?
Immediately, Mr. Zoellick’s proposal was criticized and put down as unrealistic and impossible. One criticism was that the world’s central banks hold about a total of $1.3 trillion in gold. The central banks would need ten times that amount to cover the roughly $60 trillion in funny money held in their vaults. They’d literally have to buy tons of gold, which would make those that hold gold very rich and those that hold cash very poor. The bankers did not like the idea, even though it was the president of the World Bank who suggested it.
One reason why the bankers and politicians don’t want our money backed by gold is because they’d lose their power. If our money was stabilized, we could do business logically because it would be based upon sane business principles. As long as bankers and politicians have the power to play games with money, we the people depend on them to save us and save our economy.
With gold floating between $1,300 and $1,400 an ounce, the world markets are saying, “Inflation is coming.” This means your money will be worth even less. When inflation and taxes go through the roof, there will be more people who will slide from the middle class into poverty. With higher taxes and inflation, pensions plans, Social Security, and Medicare will collapse. This means many who are middle class today will become the nouveaux-poor of tomorrow.
As I wrote in Conspiracy Of The Rich, in times of financial crisis, leadership revolutions happen. In 1933, FDR and Adolf Hitler came to power. Mao came to power when the Chinese economy collapsed. Stalin and Napoleon are also products of financial crisis.
So, what will be the next leadership revolution? If the economy worsens, I believe Sarah Palin will have a good chance to become president in the 2016 election, after losing in 2012. By 2016, Sarah will be older, will have two presidential campaigns under her belt, and will be a seasoned pro. By 2016, her third presidential campaign, she will be formidable. She will be the candidate of choice for an even larger mass of desperate people.
In the meantime, real Messiahs, or at least a wise man, such World Bank President Robert Zoellick, will be attacked for their views on how to save the economy. Zoellick’s proposal was to stabilize the US dollar and to take away our leaders’ power and ability to play games with money.
The reason Robert Zoellick won’t be heard and taken seriously is because the masses of voters, most of whom aren’t financially educated, have no idea what Mr. Zoellick is talking about. So, a true Wiseman such as Robert Zoellick goes unrecognized, and someone like Sarah Palin, someone loved by the masses, will probably be elected in 2016.
I like to think Sarah Palin is a good person doing what she thinks is best for the country and the world. At the same time, I doubt she understands the power behind the global banking cartel. She is a popular leader and a person who understands the power of publicity, but financially she is no smarter than the masses that love her.
As this crisis spreads, fear will turn to anger, and more people will look for revolutionary leaders. Always remember the Declaration of Independence was not so much about independence as it was a declaration of anger at mother England ripping off the colonists. This anger led to the American Revolution, and a new nation was born. I believe we’re at the same flash point today.
Again, I am not a Republican or Democrat. When I vote, I vote for the person, which means lately I haven’t voted for many people.
I’m a person who watches what our leaders do more than what our leaders promise. After I observe what they’re doing, I take actions I believe are best for Kim and I and the people that work for our companies. I wish I could say I trusted our leaders, but I don’t.
I was taught, “God helps those that help themselves.” I believe in taking care of myself, not depending on the government to take care of me. My financial education is my defense against an incompetent and often corrupt leadership—and the growing masses of desperate people who are hoping, praying, and voting for a new Messiah.
Till the next update, happy holidays. Invest in your financial education, take care of yourselves, and thank you for supporting COR.
(Sumber : http://www.pakdi.net/kita-bakal-mendapat-yang-terbaik-dari-syarikat-unit-trust-atau-syarikat-takaful-sekiranya-kita-tahu-apa-yang-kita-beli/)
“Encik, antara ABC Mutual dengan XYZ Investment mana lagi bagus?” tanya seorang peserta dalam ceramah baru-baru ini.
“Tuan, mana satu syarikat takaful yang paling baik?” tanya seorang peserta dalam sesi yang lain pula.
Soalan-soalan ini adalah antara soalan yang sering saya terima khususnya dalam siri seminar / bengkel yang diadakan. Berikut adalah isi jawapan saya.
1. Bagi saham amanah dan takaful, produk yang ditawarkan oleh syarikat-syarikat berkaitan adalah lebih kurang sama. Apa yang penting adalah apakah objektif kita mendapatkan produk saham amanah atau pun takaful itu tadi?
2. Kita tidak beli syarikat. Kalau nak beli syarikat saham amanah atau pun syarikat takaful barulah soalan tersebut boleh diguna pakai. Kita hanya membeli produk-produk yang dikeluarkan oleh syarikat-syarikat tersebut.
3. Berdasarkan kenyataan no 2 di atas, kalau kita menyatakan saya baru melabur dalam XYZ Investment Management Sdn Bhd atau saya baru beli Alif Ba Ta Takaful, maka sama ada kita yang adakefahaman yang salah atau kita baru sahaja mendapatkan maklumat yang tidak tepat dari ejen / jurujual.
4. Khusus bagi pelaburan saham amanah, dua perkara penting yang perlu kita tahu adalah objektif dana yang kita beli. Andaikan kita membeli saham amanah dari ABC Mutual, kita kena tahu apakah nama dana tersebut dan apakah objektif pelaburan dana itu tadi. Keduanya, apakah caj yang terlibatdalam setiap pembelian itu tadi.
5. Saya maklum, ramai dari kita tidak peduli tentang itu semua kerana yang penting adalah pulangan. “Saya tidak peduli dia melabur di mana asalkan dapat pulangan yang saya mahu. Ejen saya ada.” Ketahuilah, kalian mudah menjadi mangsa kalau terus mengambil sikap sebegitu.
6. Khusus untuk takaful, maka kita perlu ambil tahu adakah ia adalah skim untuk 36 penyakit kritikal sahaja atau ada perlindungan tambahan untuk penyakit lain kah misalnya. Kita perlu bertanya danfaham terma dan syarat yang terkandung dalam perjanjian yang bakal kita tandatangan.
7. Saya maklum, ramai dari kita tak begitu mahu ambil tahu tentang terma dan syarat yang ada dalam perjanjian kerana yang penting orang kata kena ada takaful. Maka ketahuilah, kita mungkin tidak dapat perlindungan kewangan yang sepatutnya apabila sampai waktu kita memerlukannya.
8. Seterusnya, memandangkan syarikat-syarikat ini selalunya menggunakan ejen / jurujual, maka untuk menjadi orang yang celik wang kita perlu tahu juga sedikit sebanyak mengenai produk saham amanah dan takaful, paling kurang produk yang ditawarkan kepada kita. Tidak tahu 100% tahu 10% pun memadai.
9. Pelaburan saham amanah misalnya, kita paling minima tahu apa itu perbezaan pelaburan dalam instrumen bon Islam (sukuk) dan pasaran saham. Jangan mengharapkan ejen untuk memberikan maklumat yang 100% tepat untuk kita kerana lebih banyak yang kita tahu selalunya kita menjadi lebih cerewet.
10. Begitu juga dengan produk takaful, kena tahu dalam situasi mana kita layak mendapat tuntutan. Berapa kah jumlah perlindungan maksima kita? Apakah yang menyebabkan kita tidak lagi layak mendapat perlindungan dari mereka dan seterusnya. Ya, lagi banyak kita tahu kita akan jadi lebih cerewet dan jurujual ini selalunya hanya menjual sahaja mengikut apa yang mereka mahu dan bukanapa yang kita mahu!
Maka, begitulah saya menjawab persoalan tuan puan iaitu syarikat apakah yang terbaik untuk kita?
p.s. Buku Rancang Wang Dari Sekarang memberikan panduan terperinci untuk membantu kalian mengenal pasti objektif pelaburan seterusnya membantu kalian mendapatkan produk pelaburan yang lebih tepat.
( Kesimpulannya, nak beli produk2 kewangan macam kat atas ni, penting kena ada ilmu...macam kita beli kereta la...takkan kita beli sembarangan sahaja kan? mesti kita kena tahu serba sedikit pasal kete tu...berapa cc,keluasan kereta, bape roadtax setahun etc sbb kita nak sesuaikan dengan keperluan kita...sama la juga dengan produk2 kewangan ni pun..kalau beli just ikut cakap jurujual, mmg kena tapau je la jawabnya nanti kalau nasib tak baik...)
Tuesday, December 14, 2010
I am often asked:
“I have RM100,000 to invest. Shall I buy one property valued at RM100,000 with no loan? Or shall I use the RM100,000 as a 20% down payment, borrow $400,000 and buy a combination of properties worth a total of $500,000?”
The younger you are, the greater the risk you can afford to take as you have a lot of time ahead of you, if anything goes wrong. In life we all have to take risks, especially when it comes to earning and investing. You must take greater risks while you are still young. Failing which, you may be forced to take greater risks when you become older.
a) Borrowing money for property investments also entails taking some risks. The younger you are, the more money you ought to borrow. Hence it makes sense to use the RM100,000 as the down payment and borrow at least RM400,000 to buy a combination of properties worth more than RM500,000. Further, you will be able to take loans of longer tenures, thereby reducing your monthly installments, compared to someone who is older.
b) If you are retired or approaching retirement, the answer will be to play it safe and buy one property for $100,000 with cash.
c) If your age is somewhere in between, then your answer will be to borrow up to a level you are comfortable with.
Whatever your age, always ensure that your potential returns are more than the borrowing costs. It always makes financial sense to borrow money to buy assets like properties that appreciate in value and not things that have no value (e.g. holidays, etc.) or worse still depreciates in value (e.g. cars, television, etc).
2. Risk profile
Different people react to and manage risks in different ways. Some are ultra conservative while others are super aggressive and some are even die-hard gamblers. Only you know who you really are deep down. It will be extremely difficult for someone who does not know you well enough to recommend suitable investments or strategies suited to your risk profile.
There are many types of Risk Profile Questionnaires available, most of which are too simplistic in my opinion. I have yet to come across a Detailed Risk or Investment Profile Analysis similar to those available for Personality Profiling. The latter will give you a detailed, objective analysis of your personality or character’s strong and weak points, the type of people you can comfortably work with, the type of jobs suited to you, and so on.
Another important factor to keep in mind is that your risk profile is not static. It will change as you become older, wiser and start gaining experience. Usually, the first one or two properties are usually the most difficult as your learning curve is steep. Your subsequent purchases will get easier.
3. Emotional mindset
Investing tends to be very emotional as your hard-earned money is at stake. The key emotions involved are Greed, Fear, Patience, Discipline, Guts, Ego, Worry, Temperament, etc. If you are unable to control your emotions, you will become your greatest enemy.
4. Time perspective
If you want to get rich fast, say make RM1 million in the next five years, you have to take greater risks as compared to someone who is contented with making RM1 million over the next ten years. The greater the speed of your financial plan and/or the shorter your time perspective, the more risks you have to take.
5. Strengths and weaknesses
You need to exploit your strengths and constantly work on improving your weak areas. If you are married, you also have to take into account and leverage on your spouse’s financial strengths and weaknesses. For example, if your Personal Communications and Negotiation skills are weak because you are a shy person by nature, you will find it difficult to succeed in property investment as you have to deal with a lot people like property negotiators, sellers, bankers, lawyers, tenants, etc.
6. Current financial standing
A trained and experienced financial consultant would need to analyse your Income Statement, Expenses and Balance Sheet which list out your Assets and Liabilities. This will give them an idea of your:
a) Earning capability
b) Lifestyle and living expenses: Are you a Saver or Spender?
d) Type of assets and their returns
e) Financial obligations (existing loans)
Then, they can determine what sort of additional loans you can comfortably take on.
7. Number of “headaches” you are comfortable managing
Each property is a “headache” in terms of property and tenant management. If you prefer to have one small headache, then use the RM100,000 to buy one property. If you are able to manage more headaches, then by all means borrow and buy more properties. Some of my graduates have bought over 30 properties and yet they have all the free time in the world. The trick is to find a good full-time property manager and train that person well to manage the day-to-day headaches for you.
8. Free time
Depending on your work and family commitments, everyone will have different free time available that they can allocate to study and monitor the markets and put in the required effort. You need to find the right investment products or investment styles that suit the amount of free time you have.
You must find the time if you want to become a successful investor. Most successful investors like Warren Buffett, George Soros or Peter Lynch are full-time investors. It’s difficult, though not impossible, to become a successful part-time investor. The more time you can allocate towards investments, the greater your chances of becoming successful. The big advantage real estate has over other investments is that the bulk of the effort you need to put in is usually one-time only at the point of purchase. As long as you keep the property, it will continue working for you.
There is a saying that you can bring a horse to the water but you can’t force it to drink the water. Likewise, your inclination to certain investment products will give you certain inherent advantages. For example, some people love driving around in the hot sun admiring properties and visualising what the place will look like in the future. Naturally these people will have an advantage in property investment and they would be more comfortable borrowing money for property purchases.
10. Current financial IQ
The more you know what you are doing and why, the less risks there are.
11. Social factors
For example, your marital status (single, married or divorced), the number of kids (or “financial liabilities”) you have or plan to have, support your parents financially, etc. All these will have an indirect bearing on the amount of borrowing you are comfortable with as you will need to put aside some cash for any unforeseen circumstance.
Knowing all the 11 points above will give you an excellent idea of what your unique investment profile is. From here, it will be much easier to determine the direction your financial roadmap, the speed of your plan, the sort of investments you ought to be looking at, the type of risks or borrowings you can comfortably manage and so forth.
Many people are forever searching for a detailed step-by-step guide or “magic formulas” or “how to” solutions to getting rich. In my opinion, there is none. It’s extremely difficult, if not impossible, to find any one or two solutions that would fit everyone. The answer lies not so much on what’s out there, but what’s inside you, that is, your internal financial mindset.
Just like there are many ways of earning money and becoming millionaires, there are many ways of investing. There is no “right” or “wrong” way of investing. There is only what is “right” for you. That’s why Investing is an Art, not a Science.Hence, I believe that it’s extremely important for everyone to first learn and discover who they really are and what exactly they want out of life.