Wednesday, August 31, 2011

How was my Forex game ?

After setting up my forex game in just 15 minutes, I let the 'winning formula' runs by itself for the past 12 hours.  While I eat, dine and wine as usual.  I have just earned $64 !

First check the Account History to see what your formula has bought and sold for you.  As you can see below, I only win BIG in 1 or 2 trades, most of the other trades are actually losing trades.

This can be seen from below graph too, the formula successfully caught one major down trend.  When the market goes side way, many small loses are made.

So I test the formula again for the past 24 hours

Instead of earning profit for me from 30th to 31st August, this formula now is losing me money if I would have traded from 31st August to 1st Sep.

So was it just pure luck ?

  • Moving Average with those big parameters are meant to catch big trend change and indeed that was what it did exactly.  When market goes smaller side trend, it starts to trade too late and caused loses.

  • So each formula is good at certain condition and until today, there isn't one formula that can cater for all situations

  • The so called world champion strategy has about 48% success rate when left running over a long period of time.

  • But The good thing is now we can test our strategies before we actually enter market.

Learn to PLAY Forex in 15 minutes

Truly understand Forex may be as tough as understanding world economy.  But 'playing' forex is NOT any tougher than any number game.  I have stopped forex for a couple of years now, recently I got some spare time ( Happy Raya Merdeka Day to fellow Malaysian !) so I re-learn and start to play again in 15 minutes, perhaps you can try too.

  1. Register an account with Oanda  (Choose Practice account)

  2. Login to Oanda

  3. Create sub account, enable use with MetaTrader under Advance Option

  4. Download MetaTrader, install it.

  1. Run MetaTrader, Login using account number, not the user name

  2. Launch Strategy Tester under View menu ( CTRL-R )

  3. enter basic parameters and click Start

  4. view Report to see if this method can earn money

  5. Modify Expert Properties until satisfy with result

  6. Da da !  I have a sure win strategy in Forex !!

Ok, the last statement is a lie.  But there are 'teachers' collecting $3,000++ for a course just like this thao.

All that 'proves' is that Moving Average with those particular parameters can earn me a hundred or two bucks from 30th to 31st August 2011.  It implies almost nothing at all how it can preform before and after that.

Important but boring notes
  • I choose Oanda because almost 48% of its users are earning while others only have 20-30% success rate.  Oanda is also having the largest users base.

  • Investing with real money in Forex is the beginning of the end even for some billionaires.  It is almost a Guarantee place to die if you don't truly understand forex yet.  So play it like a game all you want, but never ever invest in Forex just because this blog makes it seems so simple.

  • The true message MalPF wants to share is that you must use EA if you truly serious want to invest in Forex.

  • Can't even get passed signing up, download and login with Oanda ?  Just click the LIVE HELP button on their web page, someone will chat and help you.

  • You are still clueless how to 'play' forex ?  Good, you shouldn't then.

Alright, here are some screen shots ... 

1. Register Oanda

2. Login

 3. Create sub account, enable MetaTrader


4. 1.  Download and login MetaTrader

2. Open Strategy Tester window ( usually at the bottom )

3. Enter parameters, click Start to analyse

4. View Report to see if it is satisfactory

5.  if not, tune 'Expert Properties' until happy.

6.  If still need helps, pay me $3,000 and I will teach you in person in Starbuick. *joke*

When you have found your jewel guarantee to win strategy, its time to enable the automated trading ( on a practice account ), leave it there and then check the result later.

Tuesday, August 30, 2011

How to automate trade Forex

After you setup a demo account, test proof a winning strategy, you can let that the system to trade for you automatically.

Make sure Expert Advisor is running ( green color )

Then select the strategy you want to use, right click and Attach to a chart.

Click on Live Trading ( on a practice account )

Make sure the parameters are as what you wanted

Sit back and just watch the system trade for you.

How this demo is setup in 15 minutes
and how much it has earned me in the past 12 hours even without me working on it.

Who collapse World Economy ?

Most may have sensed that the world economy is changing.  Western world ability to print money (Monopoly game?) used to be the ultimate finance power but now this method is seriously in doubt.  Most blame USA central bank for this sad event but malpf thinks that actually Robert Kiyosaki has caused this.

If we rewind about 10 years back, no one really question about USA finance system.  As a matter of fact, everyone else in the world want to be friend with the giant.  After Rich Dad Poor Dad, Robert at that time has already started telling the public ( USA citizens mostly ) NOT to SAVE as your Government has NO MONEY pay you back ...  Soon after that, Donald Trump and Warren Buffet joined in the 'finance education' arena.

USA's finance system has evolved for a century now.  It is an open secret how deceiving it is but yet it continues to grow bigger and bigger.  Because the system will work as long as 80% of the people are dump enough to continue pay their money to the 20% riches.  But comes 21st century with Robert's popular education, the 80% public now knew how dump they were now that they are still poor, everyone stop funding USA finance system now.  Hence no matter if USA does QE1, QE2 ... QE6, it is much harder to get the 80% of public to play the same game anymore.

The reason the world economy cannot revive as fast as it should be is because the public has lost faith in it.  Why do public NOW lost faith in it ?  Well, a large part of it is thanks to great finance educators like Robert Kiyosaki.

Western finance system may be deceiving but just like any magic show, the magic is fascinating as long as 80% of the audience don't know the secret.  But once everyone know the secret, who want to watch the show anymore ?

USA was the magician
Robert broke the secret wide open
No one want to watch anymore

Is this a good thing ?  Malpf is not sure.  You see, when one magic show ends, another one should come up soon.  Else we do not want to watch any more magic show no more.  Robert is a teacher.  He taught everyone to be aware.  Awareness is a good thing.  But stopping the show without a replacement is a bad thing.

How about you ?  Who do you think has collapsed USA economy ?

Saturday, August 27, 2011

End of Warren Buffet ?

Have you ever had the experience that before you invest in something, you always get the market right ?  Then once you get into in, things start going the other way and you wonder Argh !!! Its just so typical ?  Well, you are not alone.  Almost everyone has that, even the most experience investor.  But would Warren Buffet fall for such prey too ?

There is such thing called 10 years cycle in global stock market where the worst and best performance take turns every 10 years, there about.  Previous recessions happened in 1990, 1998, 2008.  So theoretically for the next few years, we are heading toward the next height better than ever before.

Warren Buffet shared the same thought and he has been heavily invested into the market since 2009.  By early 2011 he is almost fully into the market.  But everyone can see now that the market is NOT shooting up yet.  On the contrary, most are expecting double dips now especially for the western worlds.

It appears that even Warren Buffet starts to get worry and he now appears more on media stating his opinion that there is nothing to worry about.

We (USA) have a great system (finance), 
we always get back on our feet
it doesn't mean we wouldn't get tested
but we will be fine.

This is called public confidence instilment.  Since he doesn't have others things to do; ie. most of his capital are already in the market, he, the ultimate investment idol of the world, now has the time to come out asking all of us to join him to go into the market.  Unfortunately, this time ... even the market is bigger than Warren Buffet, may be ?

There is no apparent hints which way market will go but then again, things should become much clearer before year end so its not too long from now.  Warren Buffet will either meet his end or he will become so much richer than he already is.

So right now, Warren Buffet is hopeful on the market because he is already in the market and he needed it to be ok.  So don't beat yourself too hard when the market didn't go your way after you go in.  Its just part of our nature way of expecting the world to go our ways, always.

kass had the same worry too

Friday, August 26, 2011

What Is Behind the Critical Shortage of Prescription Drugs?

Today, the critical shortage of prescription drugs reached the editorial page of the New York Times. Under the heading The Shortage of Vital Drugs, the paper said:
A widespread shortage of prescription drugs is hampering the treatment of patients who have cancer, severe infections and other serious illnesses.

The Food and Drug Administration says that some 180 medically important drugs have been in short supply, many of which are older, cheaper generic drugs administered by injection that have to be kept sterile from contamination.

A survey of 820 hospitals in June … found that almost all of them had experienced a shortage of at least one drug in the previous six months … As a result, more than 80 percent of the hospitals delayed needed treatments, almost 70 percent gave patients a less effective drug, and almost 80 percent rationed or restricted access to drugs.
The cause of this shortage? According to the editorial:
Nobody is sure just what is causing the shortages ... But several factors are likely to be involved: contamination problems at some manufacturing plants, forcing unexpected production shutdowns; difficulties in getting pharmaceutical ingredients from suppliers, especially those abroad; reluctance to invest in production-line improvement for low-profit generics when high-priced brand-name drugs bring in far higher profits. Sweeping consolidation in the generic drug industry means that fewer companies are left in that market to make up for a shortage.
The Times has become a trashy paper, more in the league of The New York Post than its previous self. Its stories are old, the opinions in its pages downright embarrassing. That is why I rarely quote it now.

Here, it blames “contamination” and the difficulties with the supply lines. The drug companies in question are some of the largest, most advanced industrial corporations in the world. They are the “Big Pharma”, some with over a century of experience in drug manufacturing; we are not talking about the chicken processing plants in Alabama and Georgia. The idea that they will allow contamination or suppliers to impact their output is laughable.

More than 3 months ago, the Financial Times had covered the same story in a greater depth. On May 4, in a news story titled Drug takeovers spark shortages it said:
Pricing pressures and takeovers in the US pharmaceuticals sectors have contributed to record medicine shortage and could put lives at risk, sparking calls for wide-ranging reform.

The American Society of Health-System Pharmacists said last year its members could not obtain an unprecedented 211 prescription drugs through the usual channels ...

Cynthia Reilly, director of the ASHP’s practice development division, said: “There has been a lot of consolidation among manufacturers, with fewer producing any given product, and more quality inspection by regulators. “For older, off-patent drugs, some companies are disengaging because it’s not where the profit is.”
Cynthia Reilly is barely touching upon the subject. The background of the drug shortage, in a nutshell, is that the century-old business model of pharmaceutical companies – doing research and bringing new drugs to market under the protection of the patent law – is no longer working. The problem is structural.

In the 1980s, the Big Three auto companies also faced a structural problem: they could no longer afford the social function of supporting their retirees. At one point, GM claimed $1,100 in the price of each car was earmarked for retirees' pension and insurance. With a nod from the company, the stories spread about GM being a retirement fund that also happened to make cars. In the face of stiff competition from then Japanese car makers, that could not be done. The rest is history, with bankruptcies, pension losses and layoffs.

The problem of the big pharma is likewise structural albeit of a different nature. “Structural” is the key word, though. It means that there is no cure. The business model is dying and, naturally, the vultures have descended on the scene.

Here is one, as per The New York Times of January 26, 2005, under the heading Making a Fortune by Wagering That Drug Prices Tend to Rise. As you can see, the problem has been in the making for some time.

Over the last 20 years, the packing and shipping of drugs evolved into a game of arbitrage, called speculative buying, with distributors like Mr. Rahr (who paid $45 million cash for an East Hampton estate) wagering on drug price increases.

This common industry practice seems more fitting to a casino than a distribution warehouse. And in the 1990’s and the early years of this decade, with prices far outstripping inflation, it was a sure bet…..

Mr. Rahr would not disclose exactly how much he made through speculative buying. Goldman Sachs estimated that the distribution industry, which is dominated by three large public companies, made 60 percent of its profit, or $980 million, from speculative buying in 2001, when the practice was at its peak. More recently, Goldman Sachs estimated speculative buying’s contribution at 40 percent of profits.


In some ways, the practice helped drug manufacturers, who relied on speculative buying in lieu of paying distributors to get drugs to pharmacies. In effect, it was a form of hidden compensation that never showed up as a cost to manufacturers. But speculative buying fostered many problems, industry analysts and economists said. Some said it played a role in drug cost inflation by adding an incentive for manufacturers to raise prices repeatedly. It also gave sometimes gave drug makers false signals that products were in demand, prompting them to turn out excess product.

By encouraging distributor stockpiling, the system also led to shortages in some regions of the country, a situation known as a “stock out” and one that the industry does not like to discuss. Last year, Bristol Myers Squibb paid $150 million to settle allegations … that it misled investors by aggressively encouraging wholesalers to flood their warehouses, thus artificially inflating its sales.
That’s all. Unless you want to know about Mr. Rahr, the sophisticated Brooklynite with his “trademark yellow ray ban glasses”. Then google him. Interesting character, he.

Saturday, August 20, 2011

Personal Loan, Business Loan

More and more people are asking about personal or business loans recently. Many do not know where else to get one except from loan sharks (Ah Long). Hence they were left with 'no choice' but to take the risk to venture into whatever their dreams are. Actually there are quite a bunch of legitimate sources ...

Below show a list of sources who can give you a loan without any collateral ( tak payah cagaran )

just click on the image to view the big detail image

Some of them may not offer the loan as stated in above list anymore but they usually have other similar alternative products replacing above. So you can just call and let them know what your needs are. They should be able to offer something as they have been 'requested' by the government to 'assist' local entrepreneur.

The interest rate will NOT be LOW as it does not have collateral. But at least they wouldn't come paint your house red I suppose. It is their job to assess your ability to repay. Should things really go south and you have problem repay this loan later, you can try get help from AKPK.
The loan amount is not big in term of business sense. So you may really want to ask yourself why do you need a loan for whatever you want to do. Why haven't you had a saving that is enough for you to start a few thousand ringgits business ? If you are honest in answering that question to yourself, you may find a better way to finance your business.

Else whatever happened in the past may most probably happen again and you may face a lower success factor. Perhaps that is why you will need to pay a higher interest rate to learn the lesson the harder way, again !?

Don't forget credit card is a kind of loan too at 15-18% interest rate. Do get offer from as many sources as possible before considering which one to go for. NEVER NEVER NEVER go for the first one you encounter with.

Saturday, August 13, 2011

The Origin of the [crisis in the] European Union – 3: To Serve Europeans or 2 or 3 Things I know About Force

In one of the episodes of the old US TV series, The Twilight Zone, an alien ship lands on earth and a heated discussion ensues among the earthlings as to the aliens’ intentions: are they friends or foes?

Some say the aliens are friendly. Others are skeptical. How is one to judge?

The aliens have a book that they frequently consult. It is agreed that if the book is deciphered, it could provide a clue to their intentions. So cryptographers go to work and finally get the books’ title: To Serve Man.

Everyone is jubilant. The aliens have come to earth to serve the people. Friendly aliens, these.

People drop their guards. They begin mingling with the aliens and even accept their invitation to visit the alien ship and travel with them.

In the final scene, as the ship is taking off with its human cargo, the code breaker who had been working on the translation finishes her job and frantically runs to inform the human passengers. To Serve Man was a cookbook.


At that point, if the humans wanted to get off the space ship, they would have been stopped by force.

Force comes in when the “free choice” of the subjects will not do the trick.

Democracies count on that free choice to function.


The EU is the spaceship. Its member states are the humans. Finance capital, and its most recent offshoot, speculative capital, are the aliens. I am one of the code breakers. And force is, well, force.


To talk about force, you have to know your stuff.

Take Newton’s F = ma.

Now, stay with me.

The equation says that force equals mass times acceleration.

This is the most profound relation in physics; the much touted E=MC2 is derived from it. (And don’t be fooled by its simplicty. It is a vector differential equation, if you know your math and physics).

What is force in this equation, I ask you.

  • Well, Nasser, it is force.
  • But what is force? Acceleration has a precise definition: it is the change in speed per unit of time. If your car’s speed increases from 30 to 40 miles in 4 seconds, its acceleration is 2.5 miles/hr per second. Do we have a definition like that for force?
  • Nasser! Force is force – like gravity. Like the weak and strong nuclear force. Like electromagnetism. Just like pornography, we know force when we see it.
  • Pornography has a precise definition. It is the depiction of sex for the purpose of commerce. It was this commerce angle that the pedestrian intellect of that Supreme Court judge could not see. But, force?
At this point, you might try defining it from the equation: from F=ma, force is that thing which, applied to mass m, gives it a given acceleration.

But, then, what is mass?

Alas, that too is a tricky thing to define. All we can say at this level is that mass is the property of matter.

In twin ambiguities of force and mass lies the profundity of F=ma. The equation defines physics. What is force and what is matter: these are the twin subjects of the discipline.

The four type of forces in the universe I mentioned above must somehow be related. To date, no one knows how. The Grand Unification Theory is the suitably descriptive name for the line of research to answer that question.


As in nature, so in social life: there are different types of social forces. But unlike in nature, we know their commonality thanks to Karl Marx. “Force”, he wrote, “is an economic factor”.

The statement lends itself to being read in a way that does not sufficiently highlight the role of force. Any “non-personal” force is an economic factor. The famous line in The Godfather movies – “it is business; it is not personal” – repeated several times throughout, succinctly captured that truth.

Except for acts of passion and mad men, force is always used in furtherance of economic interests. The “business” is always the end. Force – manifested in violence and thuggery – is always the means. It is an aspect of doing business, like meeting and negotiation. That few people got that central theme of The Godfather is a testimony to the visual and aesthetic underdevelopment of the general population; the message was there throughout, loud and clear.

The meeting of the heads of the 5 families in which they agree to get into narcotics is a board meeting – and the most authentic representation of a board meeting in the movies that I know of; it stretches into the night as the members argue over an important strategic move.

Or take the famous scene in the Bronx restaurant where Michael Corleone, played by Al Pacino, shoots the corrupt cop and a rival gangster, Sollozzo.

It is a business meal that would be tax deductible – had Sollozzo stayed alive to report it as an expense.

Paul Carlucci no doubt did. He is a thug by virtue of being a Murdoch minion and the “publisher” of the New York Post. He is also a consigliere who sets the News Corp's corporate philosophy. From the New York Times:
News America was led by Paul V. Carlucci, who, according to Forbes, used to show the sales staff the scene in “The Untouchables” in which Al Capone beats a man to death with a baseball bat. Mr. Emmel testified that Mr. Carlucci was clear about the guiding corporate philosophy.
Observe this encounter he had with a businessman whom Murdoch wanted to force out of business, as reported in the New York Times:

George Rebh, who founded Floorgraphics along with his brother Richard, met with Paul V. Carlucci, head of News America, in 1999 at a Manhattan restaurant, and the News Corporation executive got right to the point.

“I will destroy you,” Mr. Carlucci said, according to his deposition in the Floorgraphics suit against News America, adding, “I work for a man who wants it all, and doesn’t understand anybody telling him he can’t have it all.” (Mr. Carlucci is now the publisher of the News Corporation-owned New York Post.)

Just in case the Rebh brothers did not get the point, court records indicate that beginning in October 2003, someone working out of the Connecticut headquarters of News America Marketing gained access to the Floorgraphics computer network, which included a collection of advertisements the company had created for its customers.
Don Corleone did not want it all. Rupert Murdoch wants it all, as befitting a man bent on creating a global media empire.

But if you want it all, something has to give: all the people around you have to get to work, including your wife; we all know that wife has to work if the family wants a better car or a bigger house.

If the work involves paying cops, eavesdropping on unsuspecting victims and hacking dead schoolgirls’ cell phones, the working wife must fit in. The disengaged wives of yesteryears who, by their admonishing silence and disapproving looks mitigated the violence in however a small way, are gone.

In their stead, we have Wendi Murdoch.

According to the New York Times, “although she occupies no formal position in Mr. Murdoch’s companies, she acts as counselor to her husband and by all accounts has asserted influence in his global media empire.”

So, she, too, is the consigliere, just like Tom in The Godfather. Only in those bygone days, Tom could stay a consigliere and out of direct thuggery; everyone knew he was not a “soldier”.

That comfortable division of duties is no longer possible. In the modern business word, everyone has to join the battle on all fronts. Consiglieri cannot sit on their asses and intellectualize. Carlucci who sets the corporate policy also quotes Al Capone and threatens people. Consigliere Wendi must likewise multitask.

You no doubt know that during the parliamentary hearing to Murdoch’s criminality, a protester hit him in the face with a plate of foam and Murdoch’s wife rose to her husband’s defense.

Watch these pictures taken from the live recording of the event.

The protester in the checkered shirt is on the left side. Wendi Murdoch stands out in the pink jacket. She is sitting behind her husband, Rupert, the bald man sitting at “7 o’clock”.

There are many things we can learn from these shots. But I don’t want to digress too much. Merely compare the first and the last frame and observe the speed and the angle of the wife’s reaction.

She is surprisingly quick. The woman in the grey suit has reacted first but only because she is closer to the protester and has seen him first.

Then Wendi moves in and immediately overwhelms everyone around her.

The important point is that she completely ignores her husband.

A woman’s first instinct – her maternal instinct – would be to shield her husband from an attack. Or rush to see if he was hurt.Wendi Murdoch displays no such weakness. She jumps straight at the attacker, but even in that move, the point is not to “neutralize the threat”, as a trained bodyguard would do, but to beat the man. The incident is an excuse for unleashing violence. He made her day.

The pictures do not show, but after the man was subdued, Wendi Murdoch kept pummeling away the man in the face and head and then she went further. According to the same article:

Some reports in the British press suggested that after the thwarted attack she even picked up the paper plate from the witness table and shoved it into the protester’s face, screaming as she did so. The protester ... was later led away by the police with his face covered in white cream.
“Mr. Murdoch, your wife has a very good left hook,” said Tom Watson, a Labour member of Parliament.

You have to imagine the mentality and disposition of a woman who lands repeated blows to a subdued man’s face and then takes a plate of foam and shoves it in his face.

And she does that in front of Members of the Parliament of the United Kingdom with TV cameras rolling and hundreds of reporters present, in a meeting convened to investigate the criminal conduct of an organization of which she is a consigliere.

Imagine what this woman could do in private with a vulnerable rival or underling. We are dealing with a Sonny Corleone here, however unlikely the physical resemblances might be. But Jean-Luc Besson showed us that slender women in evening dresses are perfectly capable of doing what men do.

That is the stuff a modern-day media empire is made of.

All this was the good news, in the sense that these thugs are small time players. Their use of force is limited in scope – threatening Peter here, whacking Paul there – and plain for everyone to see. They merely aim to “engineer” the individuals, if you will.

Even when thuggery becomes grand scale in the form of war, most people can see it for the racket it is. War is costly and at some point, it has to end.

It is different with finance capital. Like a well-trained boxer who punches not merely with his arm but with the full weight of his body, finance capital hits with the full weight of “the system”. Nay, it hits with the system. So it never has to stop.

What enables it to do so is democracy.

Tuesday, August 9, 2011

Group Term Insurance sample reviews

A few years back, there was only ONE sensible Group Term Insurance which is the one that has been offered by Public Mutual since many years ago. But when I recently look for more choices, I found some nice surprise equivalent offers if not better ...

Etiqa-Public Mutual offers Group Term Life with PA at the following premium

Plan Table Of Benefits ANNUAL PREMIUM
Term Life Personal Accident
A 50,000 50,000 RM170.00
B 100,000 100,000 RM340.00
C 50,000 N/A RM152.50
D 100,000 N/A RM305.00
E 150,000 150,000 RM510.00
F 200,000 200,000 RM680.00
G 150,000 N/A RM457.50
H 200,000 N/A RM610.00

in short it is RM 327.87 protection for each RM 1 you pay. The terms are pretty standard as a group term insurance. However, if one day you are no longer holding any of their mutual funds, your coverage will stop automatically too.

MSIG -Stand Chart Individual PA offers RM 492 for 1 million so it is RM 2,032.52 protection per ringgit. But it only covers very specific damages by accident. If you die like Teoh BH or die while detain in ISA, no payment shall be made. Death not caused by accident is NOT covered too.

e-insuran offers quite interestingly easy-to-use build-your-own protection ...

RM 150,000 Life for RM 285
RM 150,000 Personal Accident for RM 142.50
RM 150,000 Critical Illness for RM 307.50

Add all 3 coverage together, 5% tax and RM10 stamp duty would need a premium of RM 773.75 => RM 193.86 coverage per ringgit. But you need at least 5 person to be entitled for this 'group' insurance.

Great Eastern - Public Mutual offers Mutual Life Plus 2,

Plan Sum Insured Annual Premium
1 RM100,000 RM 550.00
2 RM200,000 RM 1,100.00
3* RM300,000 RM 1,650.00
4* RM400,000 RM 2,200.00
5* RM500,000 RM 2,750.00

which is RM 181.82 coverage per ringgit.

Group Takaful could be interesting but there is no rate info online.

Sadly speaking, none of the above can be purchased online with a click with credit card. Almost all of them has convoluted, tedious and rather no-service oriented purchase process. There was an old saying ... insurance without agent tried not to pay no matter what, insurance with agents will try to pay for those who claim first.

Please be reminded that Term Insurance has no saving element so its best to adopt buy term invest the rest in your portfolio, else the longer it runs, the less advantage you have.

Also don't forget the trick to become an insurance agent yourself to save the commission to yourself ..

Sunday, August 7, 2011

A Brief Commentary on the U.S. Rating Downgrade

S&P downgrading the U.S. “credit” was a publicity stunt by the company for the company. The stunt had its share of bit players and company politics, but it took place within, and was ultimately driven by, a larger narrative that is slow growth in the U.S. and the finance-capital driven mandate of slashing public spending. Let us take them one by one.

One bit player was John Chambers of S&P, with the transparently fraudulent title of head of the company’s “sovereign rating committee”. He no doubt sees no absurdity in rating countries; his job title discourages coherent thinking, which is why he says drivel like this in a news conference:
“The debacle over the debt ceiling continued until almost the midnight hour,” said John B. Chambers, chairman of S.& P.’s sovereign ratings committee [by way of defending the downgrade].
Never mind that a debacle, by definition, cannot continue. But suppose it could and did. What of it? Was it at that last hour that the Chairman of S&P’s Sovereign Rating Committee realized there was a gridlock in Washington?

In truth, the “debacle” was an excuse as minds were already made up. Observe:
Officials at the White House and Treasury criticized S.& P.’s move as based on faulty budget accounting that did not factor in the just-enacted deal for increasing the debt limit.

In its analysis, S.& P. had projected the nation’s debt as a share of gross domestic product to reach 93 percent by 2021. That was around 8 percentage points higher than the figure administration officials believed the rating agency should have used — what they now call a $2.1 trillion error.

Gene Sperling, the director of the White House national economic council, called the difference, totaling over $2 trillion, “breathtaking” and said that “the amateurism it displayed” suggested “an institution starting with a conclusion and shaping any arguments to fit it.”

Around 5:30 p.m. [the day the downgrade was announced), S.& P. officials called the group of Treasury officials. “You were right,” Mr. Chambers told them, but said he was prepared to proceed because the revisions didn’t meaningfully affect S.& P.’s conclusion.
So the boys at S&P miss more than $2 trillion. The error is pointed out to them, but they still go ahead with the downgrade.

Why? Why such resoluteness to do something so controversial, especially when the other two big raters, Moody’s and the historically more strict Fitch, did not agree?

Enter another bit player, one Barry Rosenstein, a hedgie by day and human rights fighter by night.

He and other “activist investors” have accumulated large blocks of shares in McGraw Hill, the parent company of S&P. The plan is to break up the company, sell the valuable parts for profit and discard the rest.

When that time comes, the image of S&P as an independent and objective rating agency that took on the U.S. government could boost its value – or so the thinking must have been inside the company. Hence, the downgrade stunt.

Beyond the narrow company politics is the larger narrative of the downgrade as an instrument of coercion to force the government to cut their spending. In the upcoming Part III of the EU crisis, I examine this coercion mechanism in some length. It has implications that go far beyond the bit and two-bit players in the corporate, hedge fund and the takeover world.

Friday, August 5, 2011

Books you may want to buy

You can pay less tax by buying books, below are a list of books you may also be interested to buy.

One Simple Idea


The Steve Jobs Way

The Power of Now

Wednesday, August 3, 2011

Full Info of Public Mutual Funds

Public Mutual has 88 funds which is not easy to analyse all of them just by browsing around. Investing base one word of mouth (the company, the agent, friends etc.) is really not a good practice. So its best to put all the basic info into a spreadsheet and analyse from there.

Below is a link to a spreadsheet I have compiled for my own use. All the info is gathered from Public Mutual Online yesterday. I plan to add more info to it as I go along so you may want to refer to the link instead of saving an offline copy.

For example, I want to know which bond fund I want to switch to ...
  • so I use filter to show only Bond 'category'
  • show only 1,000 initial investment
  • sort by Total Cost
I got these to choose from: (all have the lowest fee at 1.035% )
PB Islamic Bond Fund
PB Fixed Income Fund
Public Bond Fund
Public Select Bond Fund

Tuesday, August 2, 2011

list of Public Mutual Funds

Public Mutual is the largest mutual fund company in Malaysia, they have 88 funds !! HOW to choose wisely from 88 choices !? Its CRAZY !! If one can analyse all those 88 funds, one must be good at investing in stocks directly too!

Anyway below show the list sorted by Shariah compliant, followed by category of funds and lastly by fund name. This is the best way I can take a peek by the purpose of investment. Hope this is useful to you too ...

Fund Name Fund Abbreviation historical diff Shariah category
PB Islamic Cash Management Fund PBICMF PB Shariah Money Market
PB Islamic Cash Plus Fund PBICPF WHOLESALE Shariah Money Market
Public Islamic Money Market Fund PIMMF PUBLIC Shariah Money Market
Public Islamic Income Fund PI INCOME PUBLIC Shariah Fix Income
PB Islamic Asia Equity Fund PBIAEF PB Shariah Equity
PB Islamic Asia Strategic Sector Fund PBIASSF PB Shariah Equity
PB Islamic Equity Fund PBIEF PB Shariah Equity
Public Asia Ittikal Fund PAIF PUBLIC Shariah Equity
Public China Ittikal Fund PCIF PUBLIC Shariah Equity
Public Islamic Alpha-40 Growth Fund PIA40GF PUBLIC Shariah Equity
Public Islamic Asia Dividend Fund PIADF PUBLIC Shariah Equity
Public Islamic Asia Leaders Equity Fund PIALEF PUBLIC Shariah Equity
Public Islamic Dividend Fund PIDF PUBLIC Shariah Equity
Public Islamic Equity Fund PIEF PUBLIC Shariah Equity
Public Islamic Opportunities Fund PIOF PUBLIC Shariah Equity
Public Islamic Optimal Growth Fund PIOGF PUBLIC Shariah Equity
Public Islamic Sector Select Fund PISSF PUBLIC Shariah Equity
Public Islamic Select Enterprises Fund PISEF PUBLIC Shariah Equity
Public Islamic Select Treasures Fund PISTF PUBLIC Shariah Equity
Public Islamic Treasures Growth Fund PITGF PUBLIC Shariah Equity
Public Ittikal Fund PITTIKAL PUBLIC Shariah Equity
PB Islamic Bond Fund PBIBF PB Shariah Bond
Public Islamic Bond Fund PIBOND PUBLIC Shariah Bond
Public Islamic Enhanced Bond Fund PIEBF PUBLIC Shariah Bond
Public Islamic Infrastructure Bond Fund PIINFBF PUBLIC Shariah Bond
Public Islamic Select Bond Fund PISBF PUBLIC Shariah Bond
Public Islamic Strategic Bond Fund PISTBF PUBLIC Shariah Bond
Public Sukuk Fund PSKF PUBLIC Shariah Bond
Public Islamic Asia Balanced Fund PIABF PUBLIC Shariah Balance
Public Islamic Balanced Fund PIBF PUBLIC Shariah Balance
PB Cash Management Fund PBCMF PB
Money Market
Money Market
Public Money Market Fund PMMF PUBLIC
Money Market
PB Capital Protected Dragon Fund
Fix Income
PB Capital Protected Resources Fund PBCPRF PB
Fix Income
Public Capital Protected Select Portfolio Fund PCPSPF PUBLIC
Fix Income
PB Asia Equity Fund PBAEF PB
PB Asia Pacific Enterprises Fund PBAPENTF PB
PB China ASEAN Equity Fund PBCAEF PB
PB China Australia Equity Fund PBCAUEF PB
PB China Pacific Equity Fund PBCPEF PB
PB Euro Pacific Equity Fund PBEPEF PB
PB Growth Fund PBGF PB
PB Singapore Advantage-30 Equity Fund PBSGA30EF PB
Public Aggressive Growth Fund PAGF PUBLIC
Public Australia Equity Fund PAUEF PUBLIC
Public China Select Fund PCSF PUBLIC
Public China Titans Fund PCTF PUBLIC
Public Dividend Select Fund PDSF PUBLIC
Public Equity Fund PEF PUBLIC
Public Far-East Alpha-30 Fund PFA30F PUBLIC
Public Far-East Consumer Themes Fund PFECTF PUBLIC
Public Far-East Dividend Fund PFEDF PUBLIC
Public Far-East Property & Resorts Fund PFEPRF PUBLIC
Public Far-East Select Fund PFES PUBLIC
Public Far-East Telco & Infrastructure Fund PFETIF PUBLIC
Public Focus Select Fund PFSF PUBLIC
Public Global Select Fund PGSF PUBLIC
Public Growth Fund PGF PUBLIC
Public Index Fund PIX PUBLIC
Public Indonesia Select Fund PINDOSF PUBLIC
Public Industry Fund PIF PUBLIC
Public Natural Resources Equity Fund PNREF PUBLIC
Public Optimal Growth Fund POGF PUBLIC
Public Regional Sector Fund PRSEC PUBLIC
Public Regular Savings Fund PRSF PUBLIC
Public Savings Fund PSF PUBLIC
Public Sector Select Fund PSSF PUBLIC
Public Select Alpha-30 Fund PSA30F PUBLIC
Public Singapore Equity Fund PSGEF PUBLIC
Public South-East Asia Select Fund PSEASF PUBLIC
PB Fixed Income Fund PBFI PB
PB Infrastructure Bond Fund PBINFBF PB
Public Bond Fund PBOND PUBLIC
Public Enhanced Bond Fund PEBF PUBLIC
Public Institutional Bond Fund PINBOND PUBLIC
Public Select Bond Fund PSBF PUBLIC
Public Strategic Bond Fund PSTBF PUBLIC
PB Asia Real Estate Income Fund PBAREIF PB
PB Australia Dynamic Balanced Fund PBADBF PB
PB Balanced Fund PBBF PB
PB Indonesia Balanced Fund PBINDOBF PB
Public Balanced Fund PBF PUBLIC
Public Far-East Balanced Fund PFEBF PUBLIC
Public Global Balanced Fund PGBF PUBLIC