Waht.. you think Foreigner is the one that hard to get money? In Malaysia bank, as long as you are not Malay, your chances of getting loan for bank to startup business is Virtually ZERO. not 100% zero.. but virtually zero.
Waht.. you think Foreigner is the one that hard to get money? In Malaysia bank, as long as you are not Malay, your chances of getting loan for bank to startup business is Virtually ZERO. not 100% zero.. but virtually zero.
Ehrm...I think this the point that I made or something to this effect?
No lah... Its a facts in Malaysia... Local People want to get a biz loan for startup... is like Non existance unless you are Malay.
Many malays "Enterpreneur" setup Empty company and apply for SMB loan from bank (Under government policy)... and they get the loan easily.. ($250k and above).. then let the business standstill.. nothing happen.. no activity... and eventually don't pay back.
If non malays setup company wanted to get SMB loan.... wait long long.. we have to put in morgage...... etc...
Joined: Nov 04, 2007 Posts: 23 Location: ARA DAMANSARA, Selangor DE
Posted: Mon Nov 05, 2007 12:05 am Post subject:
When we venture into business.... what are the reasons :-
1) True capitalism - to make money and lots of money..
2) Interest / passion - a mechanic start a workshop as he is so passionate at car repairing and he became owner /operator himself..
3) Skill related - a cook became a restaurant operator as that is what he know best..
4) Family influence - one stay and continue with the business cycle as that's what the family wanted..
All above - create a defining relationship between the why and the business.
If I have RM 1.0 million - I would buy the CIMB Principal Greater China Equity Fund. Making 17% in 3 months is already a reality. Meaning - you will make about RM170,000 in 3 months or RM56.7K / month while your capital of RM 1.0 mil is still intact. Going for real business that RM1.0 mil will be converted into assets such as land, building and equipment. What about overheads... and you wonder when will you ever get your capital.. let alone profit.
Hence, buying Unit Trust and selling when the time is right - is still a business of making good money without the pain and the high risk of starting a real business...
Why does most investment topic ends up with investment or unit trust guys zzzzzzzzzzzzzzzz, come on guys wake up! There are more opportunities in Malaysia for non bumiputras that meet the eyes if only you look closer .
Joined: Nov 04, 2007 Posts: 23 Location: ARA DAMANSARA, Selangor DE
Posted: Fri Nov 23, 2007 8:10 am Post subject:
As I said before... It is up to you... If I have my spare ( RM 1 mill ), I will just let the money works hard for me... leaving the money is FD is just keeping the money safely with no gain... interest rate of about 4% negated by inflation of about 4%.
Going to the stock market !! Wow - that's hard work !! I have to myself analyze, compare, in-depth study, then only insruct my remisier on what to buy, what to sell and at what price... that is more than full time job..!!
I just love golf.... Then I just place the RM1 mill into mixed Unit Trust portfolio - those managed by good track record and importantly with the tools to ensure this wealth is preserved to my loved one if anything happens to me...
I take lesser risk... It is OK ! At least I have more time for my passion - golfing...
No offence for your comments, but if a person who has 1mil cash to spare obviously don;t have a mindset like you. He probably would be very hard working , thats why he started this thread, to look for more business opportunities. On the other hand, while you are golfing is your cash guaranteed 100% to grow steadily or you might end up losing 50% of your savings within 3 years ? I understand that unit trust or any other saving mechanism similiar to this form requires 5-25 years of long term investment. If you have 1 mil, would u put the whole 1 mil into unit trust n grow old and end up with 2mil ? or would you rather set up a business that would have the chance to grow rapidly and retire young ?
Joined: Nov 04, 2007 Posts: 23 Location: ARA DAMANSARA, Selangor DE
Posted: Fri Nov 23, 2007 10:41 pm Post subject:
Silentss... why are U doing a disfavour on your own self ?
Unit trust is meant for mid to long term investment horizon. This is 3 - 7 years. Personally I made RM31,000 over 7 years. Capital of RM50,000++ with return RM81,000++ in exactly 7 years.
Had the RM50,000 was exactly RM1 mil...., that would be more by a factor of 20. So, the RM31,000 would have been RM620,000 or RM88,571 / year... an all this while the principal of RM 1 mil still being there..
The way I see it -
1) U do not know the reality of Unit Trust
2) U have not venture into business - where there are 1001 risks surrounding you.
3) U didn't have the experience running a business before - assuming that any business one venture in will just fly...
The recently launched ( June 07) CIMB Principal Greater China Equity Fund... grew 17% in just over 3 month ( since inception ). That would be RM170,000 in just 3++ months...
Great Unit Trust Opportunity like this only happens to newly launched fund... Your UT agent will be conversant on what available funds you should go for...
Amy of you - who are interested... please contact my email...
You mentioned risk in business and a guaranteed 17% return in unit trust, then why 90%of malaysian is doing business and only a mere 15% invest in unit trust ? The fact that both investment have risk but you have more control over your own business compare to dumping money and let some new grad handle your cash. That fund that gained 17% return is just ONE fund out of thousands, similiar to buying a lottery ticket and striking it rich. I think you have not gone through the time where Malaysian lose money over a hype
Joined: Nov 04, 2007 Posts: 23 Location: ARA DAMANSARA, Selangor DE
Posted: Sat Nov 24, 2007 7:01 am Post subject:
Dear Silentss;
Different people went through different experience path, and react accordingly to that experience.
Unit Trut is not a hype - it is a sound investment tool whrere return is more assured and risk within one's tolerance.
In layman's term - Unit Trust is a large pool of monies own by many ( depending on the fund size ). This collecting / depositing of money is approved and governed by Law ( purview of Securities Commission ). Trustee play a role in ensuring the use of money is regulated and in line with the set objective of the fund itself.
The money is then re-invested by Professional Fund Managers using varied asset allocation - equity, bonds, money market, property ( REITs) etc.
At every asset allocation - principle of diversification is used i.e. putting one eggs in many basket - all this to ensure positive return abd mitigate risks.
There are many more intricacies.... We can always meet - and I can assure that your views will change after a sit-down session with me.. Business - hey if you got a viable on ...pls go ahead !!
As they say - no pain no gain.... While running a business, one MUST also set aside monies and let it grow positively.. just in case of the rainy days..
I will surely sit down and have a nice chat once you answer 1 question...Out of all the funds in Malaysia, how many funds are experiencing positive growth compare to those that are on negative growth since they are launched ?
Joined: Nov 04, 2007 Posts: 23 Location: ARA DAMANSARA, Selangor DE
Posted: Sun Nov 25, 2007 9:57 am Post subject:
Silentss
To be very fair to others... I will only answer on CIMB Wealth Avisors's fund - am I am talking about my own experience !!
4 times EPF withdrawals - 2000 till 2003. Total investment about RM50K. Redeem all in 2007. In 7 years cash out ( back to EPF lorr ) RM81K. That is about 60% ROR in 7 years or about 8.6% ROR per annum..
That bettered EPF, FD, Savings and even ASN... Now that is what I call smart investment. EPF money is our money... I just make sure it worked harder for me... You should do the same..
From SMART investor. I move on to become " LEARNED UT / Insurance Agent"... I think - I am just the person you need to provide you a sound advice is wealth creation, preservation and protection..
Nothing can beat actual "experience"... I am now creating a new experience - cash Unit Trust via monthly installment via Credit Card... to be the Greater China Equity Fund just to prove a point !!
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