I know of someone who is unemployed but is very lucky to have a ‘rich’ hubby supporting her with a four figure monthly allowance in the range of above RM 5k, yet the money is not enough to sustain her lifestyle. With her spendthrift attitude, even RM 10k a month is not enough to sustain her. She travels overseas frequently and lives like a millionaire, therefore the money sent over is never enough! At the end of the month, her bank account is almost zero and this is a very pathetic situation to be in. Living life as if there is no tomorrow on the hard labour of the over middle-age hubby. She has no financial stability and does not know how to manage money, other than expecting handouts every month. There is no effort on her part to save up for rainy days whatsoever.
I just came back with my spouse after celebrating my dad’s birthday at Soon Lai Eatery with nestum fried mantis prawns, stir fried potato leaves in belacan, steamed fish in spicy sauce, steamed clams with garlic and chilly padi, baked crabs and chilly crabs. The meal cost $200 for a table of 5 persons including drinks. Well, we talked about none other than the pending general election due next week. I am a strong supporter of Pakatan and will always be. Hence, next week, after church service, I will return home to vote with my family. Pakatan has always taken care of our bread and butter issues and provided financially for the citizens. Barisan are just mere copycats!
Daily issues like home loans are addressed besides other financial matters of the citizens. Quite of number of people are living at subsistence level and near poverty stage. So having a home loan to cater to these poor people are important as they need a roof over their heads to protect themselves from the elements of the weather like rain or shine. These are matters close to their hearts and affect their lives. It will mean living in comfort or struggling in the streets and sleeping on public benches.
On another note, you can also check out Swoon Video Production in Auckland by clicking on the link given to find out more information. They specialise in taking the hassle out of video production and bringing great video ideas to life on screens. You might like to know that video on your web site can dramatically improve search engine rankings and this will mean more traffic and possibly revenue to be earned from it. You can then place advertisement banners and sponsored links to leverage on the web site space. Video is the fastest growing content on the internet, but it must be done well to be effective.
As I was browsing around, I also came across Yourselect Power Company Comparison where you can find the cheapest energy deal instantly! That is the magic of using the internet where information can be gleaned in an instant. Youselect is a free electricity and gas price comparison website where you can compare offers from electricity and gas retailers and elect to switch to a new supplier, all online. That is why I love the internet so much and it has become a big part of my life, enabling me to earn and work in a home office.
I just came back from a 1 night stay at Mandarin Oriental Hotel in KLCC. As we are members of the Elite Club, we get 50% discount off the room rate with free upgrade to a park view room. We also used the voucher for a free buffet lunch at Mosaic Restaurant in Mandarin Oriental. We also took the opportunity to watch Malaysian Philharmonic Orchestra entitled 18th Century Evocations featuring music by Tchaikovsky, Mozart, etc. The dress code was smart casual and they have relaxed it a bit from long sleeve formal batik. No shorts, slippers, sports shoes are allowed. It was an enjoyable experience on the whole. It makes working hard more meaningful when we are able to spend a little now and then while taking a break from work.
The present company that I work for since the last 9 years is not big nor prestigious, but it pays reasonably well and the fact that I work from a home office, means the world to me. We have been blessed with constant projects month after month since it was founded in 2004 when I started working here. It is a relief to note that we saved thousands of dollars from hiring many salesmen to go round places and look for projects. Instead, what we have is a nifty, functional web site that brings in the dough with some enquiries online every month. People look for us instead of us looking for them. What is important is that our company web site is indexed by search engines where potential clients can find us easily online by typing a few key words.
I thank God for the knowledge in implementing this, all gleaned from the internet and from joining forums to learn about web site designing.
I just drafted a letter to CPF (Central Provident Fund) in Singapore to request for an early release of my monies in the various CPF accounts. For your information, you cannot take out your money there until you reach the age of 66. But I am requesting for an early withdrawal due to incapacitation and hope that they will accede to my requests. I also intend to include doctors’ reports, one in Penang and other other in Singapore. It is no point putting and waiting until I reach 66 years of age before getting the withdrawal since money in Medisave account cannot be taken out and will only be used for medical bills in any Singapore hospital. As I don’t intend to go back to Singapore, I hope all my money in Medisave will also be returned to me promptly with the letter and attachments.
I have started working out in the gym at my condo to hopefully lose some weight and to firm up those muscles with some weight lifting. This is to prepare for my upcoming trip to Europe during Christmas this year. The guided tour has been booked and paid online via my credit card. I will go with my 2 younger sisters. This will be my first ever trip to Europe covering countries like UK, Germany, France, Belgium, Austria, Italy and Switzerland. For the whole of the Europe trip, it will all be land tour, traveling during winter. Now my point is don’t sleep too much or slumber away when you should be working or exercising. How much do you want to earn? How much do you want to be healthy even right up to your golden years or shall I say twilight years? This is up to you now and to seize the opportunity to learn and grow.
Nowadays, to make money online is not easy anymore. Previously there were a lot of opportunities every day and today, it has become a dry desert! The oasis has dried up! I will be lucky if I can still take some offers now and then, but otherwise, it is a big zero. I am referring to sponsored posts. But you can still earn online and milk the internet cash cow if I search around freelancers web sites for job offers and bid a very competitive rate. Yes, I was watching WWE last night and someone new came up to speak to the people about foreigners taking up the American dream and jobs for very little pay with much work. Too many foreigners flood the US and take up low paying jobs, denying the real US citizens of their legacy.
The Employees Provident Fund (EPF) declared a dividend rate of 6.15 percent for the financial year ended Dec 31, 2012.
The dividend rate, an increase of 15 basis points over the 6 percent rate paid out in 2011, translates to a record breaking total of RM27.45bil being distributed to its members, an increase of 12.2 percent over RM24.47bil paid out in the previous year, said EPF Chairman Tan Sri Samsudin Osman on Sunday.
“Notwithstanding the increasingly complex investment environment, the EPF maintained its steady upwards momentum to post its strongest set of results since the turn of the millennium, underpinning the effectiveness of its long term investment strategy as well as its disciplined and prudent approach,” he said in a press statement.
In 2012, the EPF posted its highest gross investment income to date of RM31.02bil, up 13.91 percent from 2011.
The highest ever dividend payout of RM27.45bil was derived after deducting investment expenses, operating expenditures, statutory charges and net impairment allowance on financial assets.
“The EPF’s main objective is the protection of members’ capital by generating a return that beats the rate of inflation.
“We continue to fulfil this commitment year on year through our Strategic Asset Allocation (SAA) which seeks consistent returns in the long term within tolerable risk limits for each asset class,” said Samsudin.
The bulk of the fund’s investment assets continue to be in stable and traditional low risk fixed income instruments.
Equities made up 38.77 percent of total investment assets for the year, while the remaining 3.59 percent and 2.42 percent were allocated for Money Market Instruments and Real Estate and Infrastructure asset classes, respectively, he said.
“Despite being a diversified fund predominantly invested in low risk fixed income instruments, EPF’s annual return on investment (ROI) has topped 6 percent for the third year running.
“Equities generated a double digit ROI of 10.06 percent while returns from fixed income instruments exceeded 5.5 per cent in spite of the current low interest rate conditions,” he said.
Due to a number of one-off capital market transactions undertaken during 2012, Loans and Bonds showed the highest increase in year-on-year income with investment in this asset class contributing RM9.68bil to gross investment income, up 33.62 per cent or RM2.44bil compared to 2011.
“In view of the prevailing low interest rate environment, the EPF has gradually decreased its exposure in traditional and conventional fixed income assets and has shifted maturing assets into higher yielding assets in the form of equities and real estate but within the tolerable risk limits,” said Samsudin.
On the back of a steady growth seen in both domestic and global equity markets in 2012, Equities contributed RM13.91bil in income representing 44.84 percent of gross investment income.
Meanwhile, investments in Malaysian Government Securities and Equivalents, Real Estate and Infrastructure and Money Market Instruments earned RM6.26bil, RM595.63mil and RM574.91mil respectively.
EPF total investment assets as at Dec 31, 2012 stood at RM526.75bil surpassing the half a trillion mark, up 12.31 percent from RM469.04bil recorded in the previous year.
This increase was largely contributed by the positive net annual contributions from members and employers as well as consistent and encouraging investment performance across all asset classes, the statement said.
As a result of the increase in membership base, the EPF requires RM4.46bil to pay every one percent dividend rate for 2012.
This represents a 9.34 percent increase over RM4.08bil paid for every one percent dividend rate for 2011.
The amount needed to pay a one percent dividend rate will continue to rise 8 to 9 percent annually, the statement said.
One of the notable transactions in 2012 was the fund’s expansion of its property investments, both overseas and locally, which included the Battersea Power Station project in London, United Kingdom, and the finalising of the purchase of 932ha of Rubber Research Institute land in Sungai Buloh for RM2.28bil to be developed into a new township.
In line with its diversification strategy to optimise members’ long term returns, EPF total overseas exposure as at Dec 31, constituted 15.7 percent of its total investment assets.
During the year, an additional USD7.10bil of investments were made in global equities, global bonds and real estate, the statement said.
“With more than half a trillion of funds under management, the EPF faces a profound challenge to deliver continuously strong returns amid the low interest rate environment, the continued fragility of the global economy as well as constraints within the domestic capital market.
“Nevertheless as a retirement fund, we will continue to be guided by our long term investment objectives and prudent investment strategy to ensure sustainability and consistent returns in the interest of our members’ retirement well-being,” said Samsudin.
Members may check their EPF Account Statement for the crediting of the 2012 dividend, either through EPF Kiosks, counters or i-Akaun, from Monday, Feb 18, 2013.
Members aged 55 and above may withdraw the annual dividend credited into their account as one of several payment options available under the Age 55 Withdrawal.
For more information on this withdrawal, please contact EPF Call Centre at 03 8922 6000 from 8.00 am to 7.00 pm from Monday to Friday or log on to myEPF at www.kwsp.gov.my
I bought some Clarins make up items yesterday from Parkson, KLCC for $560. For purchase above RM 350, you will get free ‘ang pows’ or red packets, a Chinese themed container for tea leaves or candies and a $50 voucher which I redeemed for a bronze bracelet costing $49.95. I spent the afternoon in KLCC, sipping peppermint milkshake at The Dome, some window shopping and then to Kinokuniya bookstore to read a book by Azizi Ali on Finance. Then it was time for more window shopping where I purchased the Clarins products and became a member again. In order to qualify as a member, you have to purchase items of at least $350 total.
Thereafter, I headed to Wasabi Bistro serving Japanese food at the Mandarin Oriental Hotel, just beside KLCC, for dinner with 50% discount as an Elite member. Chinese New Year is just around the corner and in less than 2 weeks away.
Do you like my Chinese New Year theme? It is actually Maple Leaf theme where I created the background with Chinese New Year images like dancing lion, mandarin oranges and ‘Ang Pows’ or red packets of money. Chinese New Year is a big festivity here for the Chinese diaspora. Price of vegetables and consumables will hike up drastically like no other due to the demand as is always the tradition. The Chinese is in fact, one of the most prosperous ethnic group due to their diligence, hard work and perseverance. While other people prefer to slumber away instead of working or studying, the Chinese will be hard at work in whatever endeavors their are doing. In fact, most of the rich nations in the world belong to the Chinese like China, Japan, South Korea, Hong Kong and Singapore. So, this speaks volumes about our success worldwide.
My youngest sister is still in South Hampton enjoying herself and will be back on 2 January 2013. Meanwhile, I had a short holiday over Christmas and it is now over. Time flies so fast and before you know it, it is time for New Year celebration. I got myself an iPhone 5 with IOS 6 last night. I traded in my old iPhone 4 for $700 and bought the new iPhone 5 for $2,012. This month, I am in a spending moon and also contributed $400 to charity. I also got a Prada handbag from KLCC, the most expensive gift I got myself. These are my own hard earned money and it pays to spend a little so that there is the motivation to keep working diligently.
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At some point in our lives, we all go through pain, sufferings, medical sickness and so on. So that is why we need to seek treatment in order to heal ourselves. This is a form of investment on our own health so that we can continue to live and enjoy the quality of life that can be offered with a radiant, good health. We cannot enjoy life if we are perpetually sick all the time.
Last night, I treated my family to E & O hotel buffet dinner at Sarkies Corner. Since the change of management with the new general manager, a lot of things have been cut. There are no more crabs in the menu and tasty, delicious food have been reduced to hawker food. Slipper lobsters are no longer served early, but later at night when most of the diners are already full in their stomachs, by the time the grilled slipper lobsters are served. Even the car park coupon is no longer free with the dinner. You have to pay at the machine for $6.00 per entry. Due to the reduced benefits, we have decided not to renew the membership and there is no stress of who to invite over.
In 2 to 3 days time, I will be traveling again to Kuala Lumpur for business. I go there about once per week or every fortnightly. This is part of my work, follow my colleague to KL and stay in the rented apartment with a multi-functional printer, computer table and chair like a mini office. All I need to do is just cart along my laptop and I am ready to check emails on a daily basis and prepare quotation should the need arise. Of course, I prefer to stay put in my other office in Penang; but since this is part of the nature of my work, I am rather used to the frequent traveling at night, after dinner. By the time I reach KL, it is already midnight!