one word

16th August 2009.

so many words to say to describe it.

in the end, only one word can define it all...


...

ALHAMDULILLAH

it haz another caturday

to do list today

ponteng kerja

go to clinic. check my one-week-old cough

get an mc

tido

bangun

tido

---

and they say life is interesting.

irony? i bluntly say bullshit. lol.

asia ceramic

in the mood for multiple updates today. first, asia ceramic.

http://www.bnm.gov.my/index.php?ch=8&pg=14&ac=1880

i'm not going to comment on BNM's action. it's their duty to investigate any monetary-related cases or suspicious transactions by legitimate or illegitimate companies.

indeed, this company have a weird taste of a business plan.

buying a cheapo clay for more than a thousand bucks is strange enough. and selling it back for a higher price? hurm...

one may suspect this is the case of money laundering. a racket of crime syndicate trying to make illegitimate money usable in mass market. seems like a movie, but plausible.

well, suffice to say i certainly hope it's not what i thought it is. and too bad for anyone who recently chuck their money in. BNM will freeze the money and looking at previous record of BNM investigations, god knows when they will release the money.

---

http://www.azizwan.com/wah-asia-ceramic-memang-hot/

looking at this link, one might say it's related to the news above.

sadly, it's just a cheap ass bastard trying to push his website up the google search to attract traffics.

and its fucking annoying to find out the link i just clicked on is just a waste of bandwidth.

eff. at least write something lah... ugh!

need advice

I'm buying another property in Penang. ~5km from Bukit Mertajam and ~2km Kulim, double storey terrace house. 20x60 sqft. selling at RM95k. got security guard also in the housing area.

OR

in Kulim, taman selasih. terrace, single storey, corner lot selling at 85k. big area and can renovate some more.

which one u think the best? just asking opinion here he he.

ASB loan

to those of you who already had ASB loan from local banks, just carry on. this is just a friendly advice for my friends who have not done so.

ASB is incorporated by PNB as BUMIPUTERA ONLY trust fund, as an incentive to encourage saving habits to bumis and enculcate investment without exposing them to unnecessary risks.

however, most of malays are lacking the fund to join ASB to reap its full benefit. average return per year is around 7% lately.

this is where banks giving away loans for this fund.

i read through the internet, and i reached to a conclusion that taking loans for asb is not a smart method of investment.

unless you cannot discipline yourself in saving your money.

banks saw this as an opportunity to gain money without exposing themselves to unnecessary risks. offering at BLR -1.25% (actual rate of some bank) this seems attractive. i, however, see this just as another alibaba license. banks dont have to be a malay to invest in asb, rather, they used their customer's name in obtaining asb certs.

and during bad times, BLR can go as high as 12%. instead of you getting the dividend, you are paying the banks for nothing! i know this is the worst case scenario, but no one can predict the future.

it's better you save your money little by little. you will have full control of your finances and who knows, maybe you need extra funds in emergency?

unless you cannot discipline yourself and need to be forced to pay monthly loan, don't take ASB loan because it's just a way banks make free profits with minimal risk.

i hate it when i thought of working for the bank for free. i expect them to pay me, not the other way around.

i know the loan means you have a leverage for your money in the long run. however the return is too small <10% making it unattractive, at all. only make loans where you can be confident that the spread is more than 10%.

well, that's just imho. any comments are welcomed =)

rant 002 - hopeless

hopeless

@home
@career
@life
@myself
@finance

sigh

i really hope they postpone convocation since i'm having the worst time of the year (sorry to sound selfish, but this is just a mere personal hope. kinda like self-thought)

someone lend me a non-judgmental ear pls? or a shoulder to cr... er nvm.

apparently, u can find many cross-eyed guys in construction industry.

or maybe its just me?