I once read an interesting observation by a Malaysian investment advisor not so long ago.
I can’t place where I have seen it but the gist of his observation was that a common reason - if not the most common reason - why people lose money in the stock market is because they forget their original objective for playing the market.
They think there is always a short-cut method to beat the market - more so now than ever before - so they go in to make quick and easy money.
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This short essay is often attributed to William Arthur Ward (1921-1994), one of America’s great motivational speakers. However, I greatly suspect that the text may be even older and the original author may be someone unknown. Nevertheless, it’s quite interesting and we can apply the lessons to many aspects of our everyday lives.
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There is a very interesting tale presently unravelling on Jeff Ooi’s blog, Screenshots, regarding SMS spam messages.
Here is my own experience with SMS spams, the latest one occuring at 1.41am this morning. I was woken up from my sleep when my mobile went off, I saw the message and immediately sat down to write a letter to MCMC. I’ve been doing that every time I receive a spam. If you are affected, it will do you good to complain too because it is your money. But first, remember to read Jeff Ooi and lend him your support.
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Here is an interesting experience that was shared with me by a senior HR person. My appreciation to Ismail:
In every company, there are always employees coming to ask their Finance Dept for the pay day and Finance’s normal response is to send an email to all the staff to tell them of the appropriate day for the salary payment. This happens every month.
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I’ve been hearing on the ground that the court cases between Rockwills Trustee Berhad and OSK Trustee Berhad are heading for settlement soon. An out-of-court settlement perhaps, with both sides dropping all claims?
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The past 11 days have not been easy for me and I’ll tell you why.
On 3 May 2007 evening, I received a telephone call from a old family friend from Chicago to tell me that his brother had passed away in Penang. Our families have known one another for more than 50 years.
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Here is a comparison of the top 10 largest investment holdings for each of the three global property funds available here in Malaysia:
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Yes, I’m back. After a self-imposed 20-day absence to re-assess myself and catch up with some backlog matters in my life, I’m back. ![]()
This is an excellent public-service piece of information from the Securities Commission Malaysia (SC).
If you are an investor, you should be aware of these warning signs before you agree to invest any money with anyone or any company through the Internet. It may be an investment scam so it’s better to be careful before you are burned.
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It’s confirmed that Nina Wang’s US$4.2 billion fortune has been willed to her former feng shui master, Tony Chan, or to use his full name, Chan Chun-Chuen.
According to Nina’s lawyer, Jonathan Midgley, she had named Chan as her beneficiary because he understood her personal and business philosophies. Chan is a 48-year-old married businessman with mainly property interests. He went to medical school in Canada but has never practised in his native Hong Kong. He used to give advice on feng shui to Nina but this is now just a hobby with him.
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The unit trust industry is now the main channel for Malaysians to invest in the capital market, according to Deputy Prime Minister Datuk Seri Najib Razak.
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This article appeared in the New Straits Times on 14 Apr 2007, produced here verbatim:
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An inevitable huge court battle is looming in Hong Kong over the US$4.2 billion estate of Nina Wang, the world’s richest woman.
According to some news reports in Hong Kong, she left her entire wealth to her personal feng shui master.
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The Kuala Lumpur Composite Index (KLCI) inched nearer to its historical all-time high today, closing at 1,322.91. This puts the index just a whisker short of the 1,332.04 attained on 5 Jan 1994. Market analysts still put a bullish spin on the local bourse, in tune with regional gains.
Unless there is a shock on Wall Street tonight, it looks to be a foregone conclusion that we’ll see a new all-time high when the Bursa Malaysia opens tomorrow morning.
But will it be sustained or will profit-taking creep in?
One of the perils of dying intestate - that is, when a person dies without writing a Will - is that during the application for a Letter of Administration, the judge may suddenly require the would-be Administrator to produce two guarantors.
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