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

http://www.amazon.com/One-Simple-Idea-Licensing-Goldmine/dp/0071756159/ref=sr_1_1?ie=UTF8&qid=1312596391&sr=8-1







Unthinking

http://www.amazon.com/Unthinking-Surprising-Forces-Behind-What/dp/0446564141/ref=sr_1_1?ie=UTF8&qid=1312596874&sr=8-1







The Steve Jobs Way

http://www.amazon.com/Steve-Jobs-Way-iLeadership-Generation/dp/1593156391/ref=sr_1_1?ie=UTF8&qid=1312596893&sr=8-1






The Power of Now

http://www.amazon.com/Power-Now-Guide-Spiritual-Enlightenment/dp/1577314808/ref=sr_1_1?ie=UTF8&qid=1312596958&sr=8-1








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
PB Cash Plus Fund PBCPF WHOLESALE
Money Market
Public Money Market Fund PMMF PUBLIC
Money Market
PB Capital Protected Dragon Fund
PB
Fix Income
PB Capital Protected Resources Fund PBCPRF PB
Fix Income
Public Capital Protected Select Portfolio Fund PCPSPF PUBLIC
Fix Income
PB ASEAN Dividend Fund PBADF PB
Equity
PB Asia Equity Fund PBAEF PB
Equity
PB Asia Pacific Enterprises Fund PBAPENTF PB
Equity
PB China ASEAN Equity Fund PBCAEF PB
Equity
PB China Australia Equity Fund PBCAUEF PB
Equity
PB China Pacific Equity Fund PBCPEF PB
Equity
PB Euro Pacific Equity Fund PBEPEF PB
Equity
PB Growth Fund PBGF PB
Equity
PB Singapore Advantage-30 Equity Fund PBSGA30EF PB
Equity
Public Aggressive Growth Fund PAGF PUBLIC
Equity
Public Australia Equity Fund PAUEF PUBLIC
Equity
Public China Select Fund PCSF PUBLIC
Equity
Public China Titans Fund PCTF PUBLIC
Equity
Public Dividend Select Fund PDSF PUBLIC
Equity
Public Equity Fund PEF PUBLIC
Equity
Public Far-East Alpha-30 Fund PFA30F PUBLIC
Equity
Public Far-East Consumer Themes Fund PFECTF PUBLIC
Equity
Public Far-East Dividend Fund PFEDF PUBLIC
Equity
Public Far-East Property & Resorts Fund PFEPRF PUBLIC
Equity
Public Far-East Select Fund PFES PUBLIC
Equity
Public Far-East Telco & Infrastructure Fund PFETIF PUBLIC
Equity
Public Focus Select Fund PFSF PUBLIC
Equity
Public Global Select Fund PGSF PUBLIC
Equity
Public Growth Fund PGF PUBLIC
Equity
Public Index Fund PIX PUBLIC
Equity
Public Indonesia Select Fund PINDOSF PUBLIC
Equity
Public Industry Fund PIF PUBLIC
Equity
Public Natural Resources Equity Fund PNREF PUBLIC
Equity
Public Optimal Growth Fund POGF PUBLIC
Equity
Public Regional Sector Fund PRSEC PUBLIC
Equity
Public Regular Savings Fund PRSF PUBLIC
Equity
Public Savings Fund PSF PUBLIC
Equity
Public Sector Select Fund PSSF PUBLIC
Equity
Public Select Alpha-30 Fund PSA30F PUBLIC
Equity
Public Singapore Equity Fund PSGEF PUBLIC
Equity
Public SmallCap Fund PSMALLCAP PUBLIC
Equity
Public South-East Asia Select Fund PSEASF PUBLIC
Equity
PB Fixed Income Fund PBFI PB
Bond
PB Infrastructure Bond Fund PBINFBF PB
Bond
PBB MTN Fund 1 PBBMTN1 WHOLESALE
Bond
Public Bond Fund PBOND PUBLIC
Bond
Public Enhanced Bond Fund PEBF PUBLIC
Bond
Public Institutional Bond Fund PINBOND PUBLIC
Bond
Public Select Bond Fund PSBF PUBLIC
Bond
Public Strategic Bond Fund PSTBF PUBLIC
Bond
PB Asia Real Estate Income Fund PBAREIF PB
Balance
PB Australia Dynamic Balanced Fund PBADBF PB
Balance
PB Balanced Fund PBBF PB
Balance
PB Indonesia Balanced Fund PBINDOBF PB
Balance
Public Balanced Fund PBF PUBLIC
Balance
Public Far-East Balanced Fund PFEBF PUBLIC
Balance
Public Global Balanced Fund PGBF PUBLIC
Balance