Currency around Malaysia

The following shows a list of a few currency compare to Malaysia Ringgit.  Basically the higher the graph the better it is for the Malaysian - "I can get more of their money with my money."

In short ... 

For those who earn Malaysia Ringgit, its good to go spend in USA and Indonesia.  On the other hand, those who are working in China and Singapore are laughing when spending their money back in Malaysia.

USA

Australia

China

Indonesia

Philippine

Singapore

Thailand

You can investigate more yourself by visiting to xe.com

Extra work

Not entirely TRUE in all aspects but nevertheless a great quote 

The Amount of Money

in your bank

at the time you Died

. . . 

is the EXTRA work you did

that wasn't Necessary

Investing on Foreign Land Conversion

Have you ever been approached by investment opportunity on a piece of land oversea ? It usually goes like this ...

Land is limited, population is growing.  So investing on land is a low risk high return opportunity;  Especially on an island . . . but why oversea and how its a better investment ?

• more structure and well organized land & property legislation 

With better laws in foreign country, one can be more assured in his land investment is being protected in terms of benefits and interest safe guards compare to your own country which may otherwise affected by cronism or corruption.

• steady and growing population - usually a developed nation

Here the demand is being taken care of.  If the people in your country is leaving the country, then there may not be any more demand to your land in future.

• tax free or exemption

Normally a country would love some money coming in from oversea, hence they may offer attractive tax incentive.  So investing on land oversea could actually become cheaper than investing land in your own country.

• Land Conversion

To make the return more attractive, land investment is usually tight to conversion.  For example, the land was initially for farming purpose.  But as population grows, the land is to be converted to residential area.  Once converted, the value of the land usually increase drastically.  However conversion like this requires expertise planning and professional services.

So should you invest into an opportunity like this ?  

Says there is an offer on a piece of land near London where this farmland will be converted into a residential area in the next 5 years.  The offer is GBP 13 to GBP 16 per square feet.  Assume the buying process is simple and legal where you only need to deal with a local public company approved by your local government.  Buying process is as simple as using your credit card and checks writing.  Total investment could be as small as 1,000 sq ft.

Will you buy into this offer ?  What are that factors that will affect your decisions ?

Money And Love Personal Finance

MaLPF.com = Money And Love Personal Finance

Happy Chinese New Year 2013

Have you optimized your 2012 tax ? Last call !

Do you know that you can actually save up to RM 925 by paying attention to your tax even if you are only earning Rm 3,000 a month ?  The example is illustrated here !

This is a reminder last CALL for you to optimize your 2012 tax.  IRB may actually pay you a bonus this year !

Malaysia Stock Market 20121107

Buying opportunities again ... are you dare to go for some year end bonus this year ?

TM : no major news, could have bought in today.  Should be a good keeper.

AIRASIA : EPF leaving, International investors support, internal Directors buy back.  If you like Airasia business model etc.  Opportunity to buy now.  No foreseeable big profit gain by year end thao.

AXIATA : No Major News, EPF & Amanah Raya holding up.

DIGI : face problems in service area, technical issues, licenses etc.  EPF disposing.  Watch closely for Management strategy turn over.  Now this company is 'finally' going south, not just stock wise, mainly business wise.

PBBANK : NO Major news, EPF continuously holding up.  But technically just started a down trend.  Don't chase down trend, wait a bit on this one.

What is your opinions ?  All comments welcome ...