WORLD HERITAGE DESTINATION

WORLD HERITAGE DESTINATION

Saturday, June 18, 2016

THIS WRITING IS DEDICATED TO THOSE READERS WITH NO KNOWLEDGE OF THE IMPORTANCE OF FINANCIAL SAVINGS

CHALLENGES the fast ageing population face are no longer issues faced by developed countries only. 
Developing countries are fast catching up and Malaysians are not spared.

 In fact, the speed of growth in the number of the aged in developing nations is so alarming that innovative thinking at all levels is needed to address it if we are to avert a crisis.  The Crisis, by the way,  is not in the  aging individuals health or mobility but actually it is in Aging Individuals ability to live comfortably , without  encumbrance & debt free.

At a meeting  in  a local kopitiam with members of my business chamber, I remembered being questioned as  to HOW To BUILD a stronger financial base for oneself. I practically gave away the one Golden Rule  that every  single money manager learns early.  

COMPOUND INTEREST. In today's fast paced world, every single financial instrument you can imagine is invariably ensconced within the parameters of that ONE golden rule.

Big Money is made by  the equation: Money + Time = INTEREST (X Compound Interest).
The Growth of your money can be plotted on an annualized growth chart. The compound annual growth rate (CAGR) is the mean annual growth rate of an investment over a specified period of time longer than one year

Especially for the young people, it is good to have an expectation of a growth Rate of between 5% - 7% on your investments/savings in  a medium risk environment. Even if you have your money in a Savings  Account  or under a Fixed Deposit account in your local Bank, you should expect a dividend payout of between 3.75% to 4.25% in our current Malaysian environment (circa 2014- 2017)

At this point, I would be remiss if I do not inform that the Employment Provident Fund (EPF) is by far the best savings outlet for your old age,  as it guarantees its depositors a return of 2% above the current published Inflation Rate.

 Now, coming back to addressing the concerns of the older working generation-Although I have been underweight  on equities or out of stock market since year 2013 , I strongly recommend  to everyone to having an account in the local Stock Market for the purpose of buying and keeping stocks for their annual dividends and warrants , apart from the obvious capital appreciation.

For those  in the older generation who would be touching their hard earned EPF money after the age of 55, and only have a simple idea of keeping their monies in the Bank or under FD...may I suggest you continue leaving it there and if possible keep adding to your money there as the EPF has a provision that allows you to continue depositing up to RM 60,000 per year.

You may write annually to the EPF to only divest your annual interest to you  for your budgeted usage and expenditure and maintain your "POKOK' to give out  "BUNGA" in perpetuity.

The whole point is: never lose your base accrued money  and only live off your interest earned so that  you can continue stay in the game.

As for those with a taste for  higher risk - try to cap your  investments to those within the 10%-12% returns as anything higher than that is always suspect.

One important rule to remember when you reach age 55 is really avoiding stupid mistakes. How many of us wasted too much time that we will not be able to replenish once it is gone.It takes a man to 30 years to build up a foundation to be ready to play the biggest game in one's life. The real game starts at 50s.

Moving forward, this writer would like to impress upon his readers that what we do after 50s is  also very important. Most people may be thinking of starting to spend what they have, thinking their days were numbered and better be happy and partying like there is no tomorrow.  But, what if your life is looong?

This is where  a paradigm shift in our Financial Thinking is required. Problem is, many people have no experience with money, much less investment knowledge. So, we need to understand how COMPOUND INTEREST  works to our benefit.

To many, we may have worked very hard for 30 years and while we were thinking going into retirement and start spending all the hard earned money, consider hoarding it for another 30 years. It will produce wealth that is so big that we never imagined it possible in our lifetime. :)

Researching  the history of  Mr.Warren Buffet indicates that the most profound things about  his life is that he wasn't  always so rich.   In his case, it would appear that Life of super rich building begins at 50s. 

Take a look at this chart of how Warren Buffett's nett worth increased over the years. 
Warren Buffett's  nett worth is close to about USD 67 billion when he is at his 80s, representing the gains of almost 99% after the age of 50 years old. 

By  his 50s,  he was evidently well off, but what he did with the foundation that he builds up was really amazing.


"My wealth has come from a combination of living in America, some lucky genes, and compound interest." – Warren Buffett
Time and compounding interest are truly very powerful forces in the universe. I guess I have just witnessed that.

We may not be able to replicate what this man has done but I am certainly learning a few things from him. 




For sure, we may not be a billionaire by the age of 80's but for sure we got a shot of being a millionaire. 

If we don't screw up and continue to live prudently, at 10% compounding return, our net worth will grow staggering to over 17 million by the time we reach his age. 

The question is: DARE WE DREAM THAT ?

Learn From High-Tech Firms, Manufacturers Urged - Bernama

Malaysian manufacturers have been urged to learn new technologies from big markets like Germany and high-technology companies to help them develop the knowledge and the research and development (R&D) expertise in facing the fourth industrial revolution and future challenges.
Minister II of International Trade and Industry Datuk Seri Ong Ka Chuan said local manufacturers including small and medium enterprises (SMEs) need to also be alert to technological changes by working closely with global partners to support and build the industry ecosystem.
“We (Malaysia) only have a population of 30 million and cannot achieve the world-class technology overnight.
“That is why we must cooperate with global players and learn technologies like three dimension (3D) and 4D to keep the investments coming in,” he told reporters after opening Rehau Malaysia’s showroom and office in Kuala Lumpur yesterday.
Ong said free trade agreements (FTAs) like Asean and the Trans-Pacific Partnership Agreement are important to ensure competitiveness and growth in all industries by allowing free movements of goods, services and investments.
“For example, last year we signed an FTA with Turkey, and as at the first-quarter of this year, our trade with them (Turkey) has surged significantly by 123%,” Ong said.
Earlier in his speech, Ong said the Malaysian Investment Development Authority in 2015 approved 224 regional and global establishment projects with estimated business spending of over RM8 billion, and created 4,000 job opportunities.
Rehau, a German-based company, is a polymer specialist founded in 1948, and an international leader in the construction and automotive industries with operations in over 170 locations worldwide and about 20,000 employees.
On the opening of Rehau in Malaysia, Ong said local talents will be employed, reducing the dependency on cheap foreign labour, as the company is bringing their R&D and innovation technologies, which require engineers and high-skilled workers.
He also expressed hope that the expansion of Rehau’s office in Malaysia would lead to the setting up of a Rehau manufacturing plant in the future. — Bernama

Tuesday, June 7, 2016

A’Famosa Resort Melaka @ Iftar Buffet Dinner at Golfer’s Terrace Restaurant


Warmest greetings from A’Famosa Resort Melaka!

Kindly assist to blast to fellow members of MTA. J

A’Famosa Resort Melaka will be offering diners with abundant of mouth-watering spread of Iftar Buffet Dinner at Golfer’s Terrace Restaurant from 6th June – 5th July 2016.

Venue             : Golfer’s Terrace Restaurant, Main Clubhouse
Duration         : 6th June – 5th July 2016
Time                : 6:30pm – 10:00pm

Normal Price             : RM 68/Adult & RM 48/Child
PROMOTION     : RM 48/Adult & RM 38/Child 
(Pre-selling before 10th June 2016)
 (DISCOUNT FROM WALK-IN RATE: RM 20/Adult & RM 10/Child!)

For enquiries, you may reach me by call/sms/whatsapp : 019 600 3492 (May Ng) or email me at int.sales@afamosa.com

Thank you.

Cheers,

May Ng
Sales Manager
A'Famosa Resort Hotel Sdn Bhd

Jalan Kemus, Simpang Empat,
78000 Alor Gajah, Melaka.
HP: +6 019 600 3492
Tel: +6 06 552 0888 (Ext 88915)

Website: www.afamosa.com


Bayou Lagoon Park Resort Ramadhan Buffet


Pomotion at La Bodega, Melaka -June 2016

Below are the promotion updates at La Bodega Malacca for the month of June 2016 to be shared with the Melaka Tourism Association members.


Weekend Breakfast
Start your weekends with a hearty breakfast meal. Drop by any of our La Bodega outlets every Saturdays and Sundays from 11am to 3pm to enjoy a bowl of Muesli with yogurt & strawberry jam, Crepes with bitter orange sauce, Turkey ham & Mushroom Quesadillas, Egg Benedicts with Asparagus and Hollandaise sauce accompanied with a fruit juice and your choice of Illy Coffee or Harney & Sons Tea for only RM42+ per pax.

Featured Tapas
Pulpo a la Gallega
-       Try our Pulpo a la Gallega, a traditional Spanish Galician Dish. The Spanish octopus dish is prepared with a sprinkle of paprika (pimento picante) and drizzled in olive oil. The Pulpo a la Gallega is best served with mashed potatoes. Enjoy it with a glass of wine!

Father’s Day Breakfast promo
Any man can be a father but it takes someone special to be called DAD. 
Show daddy some love this Father’s Day with a wholesome breakfast meal on 18 & 19 June from 9am – 3pm at any of our La Bodega outlets.




Weekday Set Lunch (only in La Bodega Malacca)
1 Appetizer, 1 Main, Dessert and Soft Drink for RM20+
Every Monday to Friday from 12pm to 4pm







Thank you,
Samantha David
PR & Marketing Executive 

Gastrodome Management Services Sdn. Bhd.No. 16-2, Jalan Telawi 2
Bangsar Baru
59100 Kuala Lumpur
Tel:  +603 2287 0848
Fax: +603 2287 6318
Check out our latest happenings at:
www.gastrodome.com.my

HRC Father's Day Special

Celebrate Father's Day like a Rock Star!

~ ᴼ ~ Happy Father's Day ~ ᴼ ~

Rocking Greetings from Melaka!


Our Buffet Dinner is back with a popular demand and the details are as below:

Buffet Dinner starts from 13 June 2016 until 3rd July 2016
Pre purchase RM 50 nett, from 13th June RM 65 nett
Kids below the age of 12 is free, below 18 half price



LOVE ALL, SERVE  ALL


http://emails.hardrock.com/signatures/images/hrcafe-logo.png
cid:image006.jpg@01CD9199.439E6410

Anderson K. Selva
General Manager

Hard Rock Cafe Melaka
28, Lorong Hang Jebat,
75200 Melaka, Malaysia
www.hardrock.com/melaka
http://emails.hardrock.com/signatures/images/icon_mail.png anderson.kandiah@hardrockcafe-melaka.com
http://emails.hardrock.com/signatures/images/icon_ph.png +606 292 3925http://emails.hardrock.com/signatures/images/icon_mob.png +6012 237 3925
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Saturday, June 4, 2016

Why the fighting in the Middle East should concern us.

Friday, June 3, 2016

I think that as Malaysians, we as a nation, are too complacent.

As a Grandfather and a Employer, I think we must learn to be more paranoid of our current comfort  as well as future well being.  One aspect of this fear of mine is our nations control over its Food Security, Inflation control &  huge dependence on Exports earnings, which is a crucial element of our current sense of comfortable living.
Long story made simple, if World War III has already started, would we even know it?
Or would it only be evident in the rear-view mirror? 
In my father’s youth, he remembered WW 1 as only a story here in Asia that the British used as a reason why its colonies should be fully galvanised to support monetarily and commonly. 
Our countries resources and manpower went a long ways towards contributing to that far away war. In WW 2, things in Asia changed after Pearl Harbor was attacked. 
We too became part of the War and all our families paid the ultimate price in sacrifice and loss.
Now, in 2016 once again the question of a world war is upon us. 

The question is …are we aware of it?

A Third World War would be highly decentralized, complex, covert and tactically diverse, and it would transcend the country-vs-country paradigm. 

Wars currently underway in the world are either ideological in a purely religious sense, or strictly economic with a view toward maximizing profits (as opposed to peddling communism or capitalism as ideologies).

Both of these phenomena are occurring simultaneously.

Today, news came that Turkey is going to war with Syria to fight the Islamic State terrorists in Syria and Iraq, we have the Boko Haram in Nigeria going to war with its people there, then there is the Moro nationalists fighting for Independence from Philippines. We also know that Pakistan, Turkmenistan , Libya, Afghanistan are all in their own wars, Sabah being claimed by the Philippines,Muslim Uighur in China fighting for independence, and various other groups throughout Africa, Asia and the Middle East  all at war with themselves-- with recruitment efforts and funding efforts that reach into developed Western nations -- these wars have one thing in common. They consists of belligerents in one type of conflict: religio-ideological. 

They're essentially guerrillas of widely varying backgrounds, pulled from all over the world to fight with groups largely lacking in hierarchy and organization- Guerrilla warfare.

In Ukraine and other former soviet blocs, Russia is determined to once again reclaim these lands either by economic means or outright war and in China for example has been gobbling up resources in South American and African countries without firing a shot.

Both these types of contemporary warfare -- religio-ideological and nation-state economic -- feature new tactics that we haven't seen before, most of which involve the leveraging of new technology for the purpose of psychological warfare. 
Information gathering using Nano technology and space bound military satellite imagery are two common examples of using new forms of technology to overpower the enemy.

Social-media platforms are also utilised to distribute information and propaganda, and using cyberattacks to gain publicity or evoke public fear. 

The second set of belligerents is comprised of nation-states, engaged in similarly decentralized economic warfare that isn't strictly limited to their own geographic boundaries or any politico-ideological agenda.

The emphasis on economics rather than on homeland perimeter defence or the defence of political ideology is what makes the current set of conflicts different from World War II and previous wars.
So, with all that said, how well do we actually know of what is happening around us today in the world at large?

With all of us, as Malaysians working hard day and night trying to just make it to the end of the month and saving our hard earned money for a better tomorrow…….what is the guarantee that our combined fate as law abiding citizens of this blessed nation would be any different from those individuals in this country, our fore fathers- during the 1940’s?

If knowledge truly maketh the man then now is the time to apply that knowledge to  ensure our  personal fate is not just left in the hands of others to play with as they see fit.

Blog Archive

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MALAYSIAN FLAG

"Rojak " Video By The Suleiman Brothers

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The Malacca Story (Chinese version)

with courtesy to asmaliana-BPP

The Malacca Story (part 2)

The Malacca Story (part 3)

With courtesy to Asmaliana-BPP