Assalamualaikum w.b.t.,

Hidup di dunia yang sementara ini banyak mengabui mata kita tentang matlamat kehidupan yang sebenarnya. Kita semakin terdesak dengan himpitan kehidupan dan berlumba-lumba untuk mencari kehidupan yang lazimnya lebih menampakkan keduniaa semata-mata.
Apakah ada di antara pelaburan yang semakin hari semakin kurang diberikan tumpuan? Namun, apakah kita menidakkan keperluan yang perlu kita sediakan di dunia bagi persediaan akhirat? Bagaimanakah pula pelaburan di dunia yang wajar dilakukan untuk persediaan akhirat kita? Wajar rasanya kita sama-sama bincangkan dan jadikan maklumat bersama ini sebagai panduan kita merentasi dunia untuk menempah tempat yang selesa di akhirat kelak, insyaallah.

Pandangan serta komen rakan-taulan, pak-pak ustaz, profesionalis, akauntan, hartawan, dermawan, pak/mak wan dan sebagainya boleh dikongsi untuk dijadikan panduan disamping memperkuatkan ukhwah sesama kita. Sila diemailkan pandangan anda ke mryteratak@gmail.com.


Wassalam.
5/11/2009
------------
Pemberitahuan: Semua maklumat di blog ini adalah pandangan peribadi melainkan dinyatakan sebaliknya. Sila rujuk kepada institusi atau badan yang berkaitan untuk maklumat lebih lanjut. Sebarang rujukan dari blog ini adalah risiko sendiri.Pengarang tidak bertanggungjawab di atas sebarang masalah yang timbul disebabkan oleh bahan diblog ini.

Sunday, February 28, 2010

Bonus Tabung Haji 5 peratus

Utusan Malaysia: ARKIB : 04/02/2010


Jamil Khir Baharom (kiri) ketika mengumumkan bonus Tabung Haji sebanyak lima peratus di Putrajaya, semalam.


PUTRAJAYA 3 Feb. - Tabung Haji hari ini mengumumkan bonus pendeposit lima peratus untuk tahun kewangan 2009.
Menteri di Jabatan Perdana Menteri, Senator Datuk Jamil Khir Baharom berkata, kadar itu merupakan tambahan 2.75 peratus bagi separuh tahun kedua 2009 kepada bonus interim dengan jumlah anggaran keseluruhan bayaran sebanyak RM1.1 bilion.
Pemberian bonus interim bagi separuh tahun pertama pada kadar 2.25 peratus (RM465 juta) dibuat Oktober tahun lalu.
"Baki bonus 2.75 peratus (RM595 juta) ini akan dimasukkan ke akaun 5.1 juta pendeposit pada 8 Februari ini.
"Sekiranya diteliti kadar bonus ini, jelas ia lebih kompetitif malah jauh lebih baik berbanding kadar simpanan tetap dan tabungan komersial.
"Ini kerana Tabung Haji berjaya mengekalkan kadar bonusnya pada 2009 dan tahun sebelumnya dalam suasana kadar pasaran dan keuntungan deposit di perbankan komersial yang menurun sejak 2008," katanya pada sidang akhbar di sini.
Jamil Khir berkata, 2009 sekali lagi menyaksikan Tabung Haji berjaya merekodkan keuntungan selepas zakat melepasi RM1 bilion buat kali ketiga berturut-turut sejak 2007.
Katanya, pendapatan dan keuntungan selepas zakat Tabung Haji masing-masing sebanyak RM1.7 bilion dan RM1.1 bilion telah meningkat pada kadar 12 peratus berbanding 2008.
Menurut beliau, sumber pendapatan utama Tabung Haji terdiri daripada keuntungan urusniaga saham yang menyumbang 49 peratus, dividen (19 peratus), keuntungan bon Islam (10 peratus), keuntungan pasaran wang (lapan peratus), sewaan (tujuh peratus), keuntungan jualan hartanah dan aset (lima peratus) dan lain-lain dua peratus.
"Dari sudut perbelanjaan pula, kos pengurusan operasi Tabung Haji untuk 2009 telah mengambil kira kos tanggungan langsung haji sebanyak RM54 juta pada 2009 untuk musim haji 1430H," katanya.
Jamil Khir berkata, Tabung Haji pada tahun lalu turut memperuntukkan RM39 juta sebagai zakat perniagaan berbanding RM38 juta pada 2008.
Katanya, zakat perniagaan itu akan diagihkan ke setiap negeri mengikut jumlah purata baki terendah bulanan deposit terkumpul sehingga 31 Disember 2009.
Kata beliau: "Dari sudut simpanan, dana pendeposit terkumpul untuk 2009 telah meningkat pada kadar 12 peratus iaitu daripada RM20.6 bilion untuk 2008 kepada RM23 bilion.
"Jika diimbas kembali, dana pendeposit Tabung Haji terus menunjukkan peningkatan yang tinggi dan berterusan sejak 2006 dengan peningkatan sebanyak RM9.7 bilion daripada RM13.3 bilion pada awal 2006 kepada RM23 bilion pada akhir 2009," ujarnya.
Peningkatan ini, kata Jamil Khir, menunjukkan keyakinan pendeposit dengan penambahan simpanan sebanyak RM5.9 bilion dan penambahan nilai sebanyak RM3.8 bilion daripada aktiviti pelaburan sejak 2006.

Friday, February 26, 2010

Apakah harga patut bagi KFIMA persaham??

Assalamualaikum w.b.t,

Antara kaunter saham yang mendapat perhatian akhir-akhir ini adalah Kumpulan Fima Berhad. Fima Corporation (FimaCorp) anak syarikat KFIMA juga melapurkan prestasi tahunan kewangan yang sangat baik sekali.

Pendapatan sesaham (EPS) untuk suku ketiga 2009 dilaporkan hari ini adalah 17.65sen. Jika diandaikan, pendapatan harga (PE) pada 10x, maka harga patut sesaham dalam suku ketiga KFIMA adalah RM1.765. Harga sesaham yang diniagakan sekarang adalah pada harga RM0.86.

Dalam jadual di bawah ditunjukkan laporan kewangan KFIMA untuk tempoh 5 tahun yang lalu. Apakah harga sesaham KFIMA boleh melepasi paras RM1.00? Berdasarkan pendapatan sesaham (EPS), unjuran  tertinggi harga KFIMA adalah RM0.94 sen dalam tempoh 5 tahun yang lalu.







------------------------
Nota: Maklumat ini sekadar makluman semata-mata dan bukan sebagai suatu galakkan untuk melabur dikaunter ini. Risiko pelaburan adalah tanggungan sendiri pelabur.

Thursday, February 25, 2010

Fuel subsidy scheme shelved, originally set to be implemented on May 1

Assalamualaikum w.b.t.,

Now You See, Now You Don't.

---

Thestar: Thursday February 25, 2010

By EUGENE MAHALINGAM

eugenicz@thestar.com.my
PETALING JAYA: The Government’s proposed fuel subsidy scheme based on the engine capacity of vehicles has apparently been shelved.
Sources indicate that the plan, which was originally set to be implemented on May 1, will not proceed even though a lot of the preparatory work has entered the final stage.
“We were so close to getting this off the ground,’’ said a source.
The Government had planned to introduce a tiered pricing system for petrol, depending on engine capacity, while foreigners would have to pay the market price.
According to reports, the plan called for the mandatory use of MyKad to differentiate Malaysians from foreigners, requiring the need for MyKad readers at petrol stations.
Subsidised petrol would be capped to a certain amount of litres a month per user for owners of vehicles with engine capacities of below a certain threshold. The reported upper limit eligibility for the petrol subsidy is 2,000cc. Owners of cars with bigger engine capacities would be exempted from the subsidy.
However, many had considered the proposed scheme to be very unfavourable and cumbersome to enforce and some have suggested that the subsidy itself should be removed.
RAM Holdings Bhd chief economist Dr Yeah Kim Leng said scrapping the scheme and moving to a “fully market-driven” system was a better option in the long run.
“The public has to realise the fuel subsidy scheme is not sustainable as it impacts the Government’s finances. Removing the subsidy would reduce over-consumption and promote more efficient use of our country’s resources,” he said when contacted by StarBiz.
Yeah said many countries, including Indonesia and Sri Lanka, were practising a free-float system, where fuel prices were based on global oil prices.
“This is the ideal but Malaysia is accustomed to subsidised prices. From an economic standpoint, it is not sustainable.”
Yeah said removing the fuel subsidy completely would create short-term strain on the lower income group as they would have difficulty coping with the sharp increase (in fuel prices).
“The best thing to do is to gradually reduce the fuel subsidy or it would create inflationary pressure.”
Yeah said the proposed tier system was unfair and vulnerable to abuse.
“It is unfair from the individual perspective because everyone is entitled to equal fuel subsidy levels.”
He also cited the case where some fishermen were purchasing diesel at subsidised prices and were selling it for profit.
“Owners of lower cc engine cars could sell their entitlement to owners of higher cc vehicles. This situation could crop up if the system is not watertight.
“Principally, it (the tiered fuel subsidy scheme) seems desirable but administratively, it is no go,” said Yeah.
An analyst from a local bank-backed brokerage said the tier system would be difficult to monitor and the Government should do away with the fuel subsidy scheme.
“The only way to become a high-income nation is to remove the fuel subsidy. There would be near-term implications but eventually the public will be able to adjust. The removal should however be gradual,” he said.
He also said the Government should improve its public transport infrastructure if it were to reduce or remove fuel subsidies.
“The Government could also do away with excise duties (for imported vehicles) but I don’t think that would happen any time soon.”
Mercedes-Benz Malaysia Sdn Bhd vice-president of sales and marketing for passenger cars Florian Mueller said he could identify with the Government’s decision to introduce a fuel subsidy scheme.
“In the long run, the Government is looking at how to reduce fuel consumption. I think the best thing to look at next is how we can encourage people to purchase vehicles with the latest technology or encourage the manufacturer to build car engines with lower fuel consumption.
“This would also encourage other players to introduce technology that encourages fuel saving. The Government could also make it mandatory for car owners to replace old engines if they are not fulfilling emission standards, just like they do in Europe.”

Tuesday, February 23, 2010

Antara Saham Di Bursa Malaysia Yang Boleh Dipertimbangkan dan Dinilai.

Assalamualaikum w.b.t.,

Senarai di bawah adalah saham-saham yang boleh diberi perhatian untuk dinilai. Namun ingatlah, jika melabur ianya adalah risiko anda sendiri. Kedua, bagi muslim sila pastikan kautner yang berkaitan adalah patuh syariah. Ketiga, kenal pasti risiko dan kenalpasti nilai semasa saham berkaitan dan potensi yang masih terbuka. Melaburlah dengan bijaksana. Risiko adalah tinggi. Ingatlah rezeki datangnya dari Allah s.w.t. Mintalah dari NYA. Kebiasaanya pelaburan adalah dalam tempoh sederhana dan panjang. Ada juga tempoh singkat namun risikonya tersangatlah tingginya. Jika dikurniakan Allah s.w.t. dengan rezeki, jangan lupa keluarkan zakat dan bersadakahlah. Semoga keberkatan rezeki sentiasa bersama kita, insyaallah,

Source: http://wealth-trade.blogspot.com/2010/02/sailing-through-turbulence-time-with.html

High Dividend Stock

REIT

Potential Stock

Monday, February 22, 2010

How to pay less personal tax

 Assalamualaikum w.b.t,

Dalam artikel  di bawah terdapat percanggahan tentang pelepasan bil "broadband". Bil "broadband" hanya terpakai bermula tahun taksiran 2010. Senarai ringkas pelepasan cukai pendapatan individu taksiran  2009 adalah seperti di bawah:

Bil.
Jenis Potongan Individu
Amaun (RM)
1
Individu dan saudara tanggungan
8,000
2
Perbelanjaan Perubatan Ibu Bapa
5,000 (Terhad)
3
Peralatan Sokongan Asas
5,000 (Terhad)
4
Individu Kurang Upaya
6,000
5
Yuran Pendidikan (Sendiri)
5,000 (Terhad)
6
Perbelanjaan perubatan penyakit yang sukar diubati
5,000 (Terhad)
7
Pemeriksaan perubatan penuh
500 (Terhad)
8
Pembelian buku/majalah/jurnal/penerbitan
1,000 (Terhad)
9
Pembelian komputer peribadi untuk individu
3,000 (Terhad)
10
Tabungan bersih dalam skim SSPN
3,000 (Terhad)
11
Pembelian peralatan sukan untuk aktiviti sukan
300 (Terhad)
12
Suami/Isteri/Bayaran alimoni kepada bekas isteri
3,000 (Terhad)
13
Suami/Isteri kurang upaya
3,500
14
Anak di bawah umur 18 tahun
1,000
15
Anak berumur 18 dan ke atas, belum berkahwin dan menerima pendidikan sepenuh masa
1,000
16
Anak berumur 18 dan ke atas, belum berkahwin dan mengikuti diploma ke atas di dalam Malaysia @ peringkat ijazah ke atas di luar Malaysia dalam kursus dan di IPT yang diiktiraf oleh pihak berkuasa Kerajaan yang berkaitan
4,000
17
Anak Kurang upaya

Pelepasan tambahan sebanyak RM4,000 bagi anak kurang upaya berumur 18 dan ke atas, belum berkahwin dan mengikuti diploma ke atas di dalam Malaysia @ peringkat ijazah ke atas di luar Malaysia dalam kursus dan di IPT yang diiktiraf oleh pihak berkuasa Kerajaan yang berkaitan
5,000
18
Insuran nyawa dan KWSP
6,000 (Terhad)
19
Insurans pendidikan dan perubatan
3,000 (Terhad)

---------

Thestar: Monday February 22, 2010

By ANG WEINA


THE 2009 tax-filing season for individuals has arrived. For many of us, April 30 will be just another day (perhaps accompanied by scrambling for our just-in-time filing) to settle our dues with the Inland Revenue Board by submitting the Form e-BE and paying any balance tax.
Before clicking the button to complete the e-filing, take a second look at the figures keyed in. Is the amount of tax calculated the lowest it can be? Here are some tips on saving tax that would not get you in trouble with the law.
1. Know your income: What is taxable and what is not.
Gone are the days when you agonise over the delay in receiving your Form EA from your employer. It is now a law for employers to issue the Form EA to their employees no later than the end of February. The key point to note is not all income in your Form EA is taxable! Scrutinise all the items in Form EA to see if there is any which should be tax-free. For example:
Travelling allowances
If you receive travelling allowance, up to RM2,400 for your travels from home to office is tax-free. What this means is if you receive an allowance of RM12,000 for such travel, you can deduct RM2,400 and only RM9,600 is taxable. Further, travelling allowance of up to RM6,000 for official duties is tax-exempt.
Meal, parking and childcare allowances
Many employees receive these allowances, do you? You would be happy to know that you can enjoy such perks with no worries about paying tax thereon (up to RM2,400 in the case of childcare allowance).
2. Make the most of all tax-free benefits.
Medical benefits
Medical benefits for traditional medicine including ayurvedic, plus maternity benefits are also tax-free.
Interest subsidies
Your employer may have subsidised interest on your housing, car and education loans. In the past, these subsidies would be taxable on you. Now you would be glad to know such interest subsidies are tax-exempt (so long as the total loans do not exceed RM300,000).
Broadband and telephone benefits
Who can leave home without the iPhone, Blackberry or PDAs nowadays? Getting such a device from your employer plus reimbursement for broadband and telephone bills are tax-free. So take advantage and enjoy the latest gadgets and services.
3. Know your limits.     
Just as in drinking and driving, stay within the limits to avoid any trouble or triggering tax.
If you have enjoyed any staff benefits like discounts on your company’s goods or services and kept within the RM1,000 a year limit, you should enjoy tax exemption thereon.
Did you receive a small token from your employer on your achievements in service excellence, innovation or productivity which brought on a smile? Don’t blame your employer if they kept the awards below RM2,000 as no tax should be levied on you. Neither is the award for your long service with the company (for more than 10 years) forgotten. As long as your employer kept the value of all awards to you within the RM2,000 limit, the smile should remain on you.
4. Look for more tax-free income.
Bank interest income
You will note a subtle difference in your bank statement nowadays as it no longer shows the amount of tax withheld. Bank interest income is now tax-exempt.
Dividends
Dividends need not be entirely taxable. Have a good look at the dividend voucher. If it states that the dividend is “tax-exempt”, then it is not taxable anymore.
5. Gain more deductions.
Purchase of sports equipment
If the slimming fad has caught on with you, keep the receipts of your purchases of any sports equipment. A claim of up to RM300 is a small incentive to shape those curves and muscles in a big way!
Have receipts or evidence to support more deductions
Medical expenses for your parents certified by a medical practitioner (restricted to RM5,000);
Medical expenses for serious diseases for self, spouse or child (up to RM5,000), including a complete medical examination for self, spouse or child limited to RM500;
Basic supporting equipment for disabled self, spouse, child or parents (ceiling of RM5,000);
Disabled person (self) (RM6,000);
Disabled husband/wife (RM3,500);
Education fee (self) up to tertiary level for the purpose of acquiring law, accounting, Islamic financing, technical, vocational, industrial, scientific or technological skills or qualifications for a masters or doctorate level, undertaken for the purpose of acquiring any skill or qualification (limited to RM5,000);
Purchase of books/journals/magazines/similar publications for self, spouse or child (up to RM1,000);
Net deposit in National Education Savings Scheme (ceiling of RM3,000);
Purchase of personal computer for individual (maximum deduction of RM3,000 allowed once every three years);
Premiums on life insurance plus EPF and other approved fund contributions (subject to RM6,000 restriction);
Premiums for education or medical insurance (restricted to RM3,000);
Relief of up to RM10,000 on the housing loan interest paid (conditions apply);
Payment of alimony to former wife (maximum total deduction for wife and alimony payment is RM3,000);
Zakat other than monthly zakat deduction from salary; and
Fees/levy paid by a holder of an employment pass, visit pass (temporary employment) or work pass.
The rule of the “game” of keeping your tax liability to the minimum when preparing your tax return Form e-BE is to do it right within the law. For a start, make the website of the Inland Revenue Board, www.hasil.gov.my, one of your favourites from now until April 30 to access its easy to read guides. Happy e-filing!
Ang Weina is executive director and global employer services leader with the tax practice of Deloitte Malaysia.

Friday, February 19, 2010

Mekanisma Pemberian Subsidi Petrol? Kenderaan cc < 2000???

Assalamualaikum w.b.t.,

Khabar angin bertiup kencang berhubung kenaikan petrol akan berlaku dalam tempoh terdekat dan dikatakan kenaikan juga agak tinggi. Apakah benar berita ini? Berapakah bakal harga baru petrol akan datang? RM2.00 atau RM2.50 atau RM3.00 atau RM3.70???? Bagaimana pula subsidi petrol akan diberikan? (berita lanjut di bawah).

Sudah pasti kenaikan ini tidak dapat dielakkan seperti mana dinyatakan oleh DS Najib berkaitan pemansuhan subsidi tenaga bakal berlaku (berita: klik sini).

Bagaimanakah persediaan kita dalam ekonomi yang tidak menentu ini? Apa pun perancangan perbelanjaan peribadi atau diri perlu dinilai semula, jika tidak defisit belanjawan akan menjadi lebih parah bagi mereka-mereka yang berpendapatan sederhana ke bawah.

------

MSTAR: Isnin Januari 18, 2010

PUTRAJAYA Mekanisme berhubung pemberian subsidi petrol kepada golongan sasar yang benar-benar layak menerimanya dijangka diumumkan sebelum 1 Mei ini, kata Menteri Perdagangan Dalam Negeri, Koperasi dan Kepenggunaan (KPDNKK), Datuk Seri Ismail Sabri Yaakob.

Beliau berkata ia bagi membolehkan kementerian mendapat maklum balas daripada orang ramai dan mengenal pasti sekiranya ada sebarang kelemahan di dalam mekanisme yang bakal diumumkan itu. "Setakat ini, kementerian masih lagi berbincang dan menjalankan kajian terperinci mengenainya termasuk kemungkinan berlaku sebarang penyalahgunaan," katanya kepada pemberita di sini hari ini.

Sebelum ini, kerajaan dijangka akan mengumumkan mekanisme baru itu pada 1 Mei serentak dengan pemansuhan pemberian subsidi petrol kepada warga asing.

Ismail Sabri berkata antara mekanisme yang sedang dibincangkan ialah mengehadkan jumlah pembelian petrol kepada setiap pengguna yang layak dan pemberian subsidi petrol mengikut jenis kenderaan.

"Kalau mampu beli kereta mewah...takkan untuk beli petrol tanpa subsidi tidak boleh pula," katanya.

Antara mekanisme lain yang dicadangkan termasuklah menggunakan kad pengenalan MyKad untuk menentukan golongan yang layak menerima subsidi itu memandangkan ketika ini hanya MyKad mempunyai kapasiti untuk menentukan status warganegara seseorang.

Ditanya mengenai ada kemungkinan untuk menarik balik subsidi minyak, Ismail Sabri berkata satakat ini kerajaan belum berhasrat untuk berbuat demikian memandangkan rakyat negara ini belum lagi bersedia ke arah itu.

Dalam perkembangan lain, Ismail Sabri berkata mulai tahun ini harga barangan kawalan untuk Tahun Baru Cina akan dilanjutkan sehingga perayaan kaum Hokkien yang jatuh pada hari kelapan perayaan berkenaan.-BERNAMA
----

Thestar: Friday February 19, 2010

New subsidy scheme overlooks fuel efficiency, contravenes revised NAP

By JAGDEV SINGH SIDHU and EUGENE MAHALINGAM

starbiz@thestar.com.my

KUALA LUMPUR: Two leading luxury carmakers have questioned plans by the Government to link the petrol subsidy to engine capacity, saying such a scheme overlooks fuel efficiency and also incentives to manufacturers under the revised National Automotive Policy (NAP).

“As BMW Malaysia views the situation, the problem with designing a fuel subsidy programme around the engine capacity of a vehicle is that small engine capacities alone do not necessarily mean better economy,’’ said BMW Group Malaysia managing director Geoffrey Briscoe in an e-mail reply.

A new fuel subsidy mechanism is set to be announced on May 1 which will see the amount of subsidised fuel based on the engine capacity of a car.

Reports indicate the amount of subsidised fuel would be capped and limited to cars below 2,000cc and owners of cars with engine capacities bigger than 2,000cc would not enjoy the subsidy.

The revamp of the fuel subsidy is being done to lessen the financial burden on the Government, which spends billions of ringgit each year to make petrol and diesel affordable to most Malaysians.

“A new structure, merely based on engine capacity, does not solve any problem,’’ said Mercedes-Benz Malaysia Sdn Bhd in a statement to StarBiz.

Mercedes-Benz Malaysia is advocating the introduction of better fuel quality in the country so that the company would be able to introduce the latest engine technology in its cars, which is already available elsewhere around the world.

“This technology will allow for lower emission and lesser fuel consumption. Both factors would contribute to a more sustainable environment. So, fuel consumption is not just about engine capacity but also engine technology,’’ it said.

Another point Mercedes-Benz Malaysia highlighted was that the upcoming petrol subsidy scheme contravenes the revised NAP.

“The NAP 2009 liberalises manufacturing passenger vehicles with engine capacity of 1,800cc and above and on the road price of not less than RM150,000,’’ it said.

“The implementation of two price structures for fuel may not support this new regulation.’’

While the details are not yet formal, BMW’s Briscoe said should engine capacity be the main criterion for the new fuel subsidy, the move would be another form of “rampant protectionism”.

“As the price of oil varies according to global influences, it is vital that the Government explores alternative means of reducing the overall cost of driving because, as the oil crisis in 2008 demonstrated, there are times when sustaining the petrol subsidy is simply economically unviable,’’ he said.

“A more viable option will be to focus on developing incentives which encourage Malaysian drivers and automakers to consider more fuel-efficient alternatives.’’

He said the Government’s intention to introduce Euro IV standard for diesel by 2011 was one such opportunity for Malaysians to be made aware of the benefits of diesel technology, which include long-term reduction in overall costs.

He said modern diesel engines were able to consume up to 30% less fuel while at the same time, provide 20% more horsepower and up to 70% better acceleration. The engines are also said to emit 20% less carbon dioxide compared with petrol engines.

Datuk Mokhzani Mahathir, who is a shareholder of Porsche franchise in Malaysia, too believes the subsidy system based on engine capacity is flawed.

“I think this is a dangerous precedent where consumers are penalised at the point of sales because of what they have chosen to purchase. The luxury car owner is already penalised via duties, high road tax, high insurance cost, etc,’’ he said in an e-mail reply.

“There are many ways to help car owners. Shifting the burden to the luxury car market shouldn’t be one of them.’’

Mokhzani said if the Government wanted to remove petrol subsidies and yet ensure that those in need of assistance would receive it, the recipients had to be first identified to see if they qualified for assistance such as lower road tax, a discount or rebate on petrol purchase.

This could be done by matching car registration records at the Road Transport Department with employment or Employees Provident Fund records. “Or simply designate various petrol stations for those who are accorded this special petrol price.”

Monday, February 15, 2010

Investing Tips For The Beginner


by Micheal Jones

There are few general rules to remember and follow if you are starting to invest your money in the stock market. The first and most important thing to remember is that you will be contending with the ups and downs. You should not freak out when your stock takes a down0-turn and then immediately react by pulling out your money; that is actually the quickest and most effect way of losing you money.

People watch their stocks go down a bit, get scared and decide they need to abandon ship before they sink any farther. When that happens, they usually notice it going back up and then immediately regret the decision.

It won?t always be the case, but it?s a very good thing to remember as it very typically happens that way. If a stock goes down, then it will eventually come back up. The cases where this will not work is in the case of a company scandal where the company CEO?s are involved in embezzlement; this is the only reason you should sell right away after a downward turn.

The nature of the beast is that the stocks will fluctuate, and some fluctuations may be scary. If you?ve done your homework and you are not just investing on a whim or a gut feeling, then have confidence in your research. Investing is all about knowing the stocks you are investing in and knowing what things can affect them.

Here?s a great example: say you?ve hear some news about a new tax that will affect a clothing company and you know that this will adversely affect their bottom line, with this information you know that it would be a safe bet to steer clear of all textile companies as the new tax will surely be affecting them as well. Simply paying attention is all you need to be successful in the stock market.

Check out this great video; it has a number of questions and answers from an expert who can give you the low-down on investing.

About the Author:
If you wish to learn the best information on investing today you need to check out this free video right now!

http://www.howtoinvesttoday.com/2009/09/23/investing-tips-for-the-beginner/

Saturday, February 13, 2010

Sniffing for market opportunities

Saturday February 13, 2010

By IZWAN IDRIS
izwan@thestar.com.my


THE year of the Ox, which ends on Feb 13, has turned out to be a robust period for the global stock market.
But after ten months of almost straight gains fuelled by the abundance of cheap money, the Year of the Tiger, according to consensus, is likely to be a more challenging time for bullish investors.
According to RHB Research Institute, the recent market pull back suggests investors’ have turned cautious, while at the same time sustained market volume indicates higher churn rate as investors’ investment horizon gets shorter.
The research house advocates investing in healthy companies with sound fundamentals to ride through the volatility.
CLSA Asia Pacific Markets sees the year being fought out in a tug-of-war between liquidity and fundamental factors.
This, it said, will result in choppier market conditions. To ensure outperformance, CLSA Malaysia head of research Clare Chin says investors should buy on dips.

OSK Research, in its outlook for the year, also foresees a bumpy ride ahead for investors. It is of the view that the optimism on corporate earnings and the equity market in the past few months as somewhat “misplaced.”
However, the firm’s head of research Chris Eng believes that the tide of liquidity will continue to support the market.
While investors continue to fret over the risk of tighter monetary policy in 2010, JP Morgan opines that Malaysia is unlikely to raise rates or curb asset growth anytime soon.
It says conditions are still conducive for domestic funds to remain invested in riskier asset like equities rather than sitting idle on cash. Trawling through recent strategy reports by local and foreign brokerages, the consensus view is that equity prices, both at home and abroad, are no longer cheap on historical basis. The overall uptrend for the market, however, is still intact.
StarBizWeek has selected 10 stocks representing diverse sectors polled from various analysts and fund managers (we have avoided the 25 stocks picked out by Standard & Poor’s as they have been published in an earlier article).
While reputable blue chip stocks will continue to hog investors’ radar, we see value in under appreciated smaller sized firms.
Stocks such as Malayan Banking Bhd and Malaysian Pacific Industries Bhd, which have turned a corner, have yet to fully convince the market about their recovery prospects, while Hartalega Holdings Bhd and SapuraCrest Petroleum Bhd have the making of a global champion.
Malayan Banking Bhd
The country’s largest banking group was a laggard compared to its rivals in the past 10 months. But after two consecutive quarters of solid performances that wowed the market, Maybank is set to roar in the Year of the Tiger.
“With strong organic growth from domestic operations, Singapore and especially PT Bank Internasional Indonesia (BII), the negative impact from the expensive acquisitions (of BII and Pakistan’s MCB) would be more than nullified as financial year ending June 30, 2011 (FY11) earnings per share (EPS) is expected to exceed pre-acqusition levels,” says RHB Research Institute.
Consensus estimate put Maybank’s earnings at 44.4 sen per share for FY10, and assuming that it would return half of the profits as dividends, current yield for the stock stands at above 3%.
Malaysian Resources Corp Bhd
Seven out of 10 analysts who track MRCB have a “buy” call on the stock, despite concerns over earnings dilution arising from the sale of rights shares to raise RM508mil in fresh capital.
MRCB has earmarked RM300mil from the total proceeds for future acquisition and landbank expansion. It has been linked to several potential land deals in the Klang Valley, but details are scanty at this juncture.
Analysts say MRCB’s “irresistible angle” will keep investors glued to the stock. MRCB is recent years has completed its restructuring and streamlining initiatives, putting itself in a stronger position to take on new projects.
Malaysia Airports Holdings Bhd
MAHB is a lower risk proxy to its biggest customer AirAsia Bhd, which contributed 44% of its total passenger traffic last year, and as a proxy play of Malaysian Airline System Bhd’s recovery.
The airport operator has also discovered how profitable retail business can be, having retro-fitted KLIA to boost retail space by 60% and the refurbished Subang Airport looks like a shopping mall.
MAHB, the cheapest airport operator in the world, is trading at just 11 times its projected EPS for this year versus the global average of 18 times, according to Credit Suisse.
With its concession agreement with the Government sorted out, significant risk to earnings has been removed. A re-rating catalyst would come from a possible further sell-down from Khazanah Nasional Bhd, which currently owns 67.7% of MAHB.
SapuraCrest Petroleum Bhd
SapuraCrest is fast becoming a major player in the region’s oil and gas industry’s deepwater pipe-laying segment.
Through various joint ventures, SapuraCrest has build up an orderbook in excess of RM15bil to keep it busy over the next five years. The company is eyeing for new jobs in India and Australia, where capital spending on new oil and gas projects are on the rise.
SapuraCrest reported a record net profit of RM115mil for the year ended Jan 31, 2009 (FY09). CIMB Research projects that SapuraCrest’s net profit will continue to rise over the next three years at a compounded annual growth rate of 30%, which is the highest in the sector.
Deputy executive chairman Datuk Shahril Shamsuddin, through his family holdings, controls 40.3% of SapuraCrest, followed by Norwegian Seadrill Ltd (23.6%) and the Employees Provident Fund(8.25%).
CSC Steel Holdings Bhd
The outlook for steel miller CSC Steel is favourable over the next few quarters underpinned by rising flat steel product prices that will sustain inventory replenishing activities by steel stockist.
The group’s balance sheet is healthy, with a net cash position of RM303mil as at Dec 31, 2009 against RM145mil recorded a year ago. Trading at about seven times to its trailing 12-month EPS of 24.4 sen, the stock valuations are attractive compared to the broader market.
The company has proposed a final dividend of 13 sen per share and a special payout of 7 sen for year ended Dec 31.
This translates to gross dividend yield of 12.5%.
Daibochi Plastic and Packaging Industry Bhd
Daibochi is the biggest listed plastic flexible packaging (PFP) maker in the country with a 30% market share.
In the past, earnings for PFP makers had been erratic due to swings in raw material cost.
Since last year, PFP makers like Daibochi have put in a “cost plus” arrangement in contracts with customers to smoothen out the volatility. This allows Daibochi to sustain its current pre-tax margin, and the group’s net profit has been inching up from RM5mil in the first three months of 2009 to RM6mil in the last quarter of the year.
Hartalega Holdings Bhd
Hartalega is the global market leader in the nitrile glove business, which gives the company some pricing advantage over its rivals. With 10 new high capacity production lines to come on stream in stages over the next 12 months, Hartalega’s production is expected to reach 9 billion pieces per annum by March 31, 2011 (FY11) from 6.5 billion pieces currently. A healthy cash pile of RM43mil, or 18 sen per share, gives the company flexibility to fund expansion, or pay shareholders higher dividends.
Analysts say that local glove makers have proven to be “recession proof” businesses, with demand expected to reach 150 billion a year in 2010.
IJM Land Bhd
The company was established following the merger of IJM Corp Bhd’s premium brand and Roadbuilder’s extensive landbank. Analysts estimate that IJM Land’s current 5,300 acres landbank, located in key areas in the Klang Valley, Penang and Johor.
Current unbilled portion amounts to about RM1bil, which is around consensus turnover projection for this year.
IJM Land’s potential to become a major property player is somewhat under appreciated by overseas investors given that foreign shareholding in the company stands at around 13% compared with parent company IJM Corp’s 32% and rival SP Setia Bhd’s 26%.
Malaysian Pacific Industries Bhd
MPI plans to triple its capital expenditure (capex) to around RM300mil for financial year ending June 30, 2010 to boost capacity and enhance test capabilities.
The capex, acording to CIMB Research, will result in a RM170mil rise in annual revenue, as well as improved margins.
MPI’s strong balance sheet places the company in a good position to ride the current upturn in the semiconductor industry, although questions remain on whether the global recovery is sustainable.
CI Holdings Bhd
CI Holdings derives 92% of its turnover from beverage sales, with current revenue split of 65% from carbonated drinks and 35% from the non carbonated segment. The company made a net profit of RM21mil in finacial year ended June 30, 2009 (FY09), up from RM14.5mil in FY08.
Half year earnings in FY10 has already reached RM15.9mil. At 8 times its trailing 12-month EPS, CI Holdings is valued at half price compared to rival Fraser & Neave Holdings Bhd.
Tight stock liquidity means CI Holdings will probably continue to trade at a discount to its bigger rival, but its prospective dividend yield of about 6% is above average.

Wednesday, February 10, 2010

How to improve your investment skills

Assalamualaikum w.b.t,

Untuk pembacaan dan renungan.

-----

TheStar: Wednesday February 10, 2010 

Personal Investing - By Ooi Kok Hwa

WE have been asked by many readers on ways to improve their investment skills. In fact, for all of us who invest, it is one of the essential skills that we need to acquire in our lifetime. Like it or not, we need to have it if we need to generate returns for our investment. All investors want good returns from their investments. However, most of the times, instead of generating returns, retail investors are suffering from losses from their investments. We feel that one of the key differences between an intelligent investor versus a normal investor is that the intelligent investor will be aware that he may make mistakes in some of his investment decisions while a normal investor tend to overlook the fact that he will make wrong decisions no matter how good he thinks he is.
Despite extensive research on certain listed companies, due to some unforeseen changes in certain fundamental factors, even good value companies may suffer losses. Under such circumstances, an intelligent investor will admit that he had made a mistake in his investment decision and will cut losses fast.
However, the problem with most investors is that they refuse to face their mistakes; some are not willing to cut their losses even though they are aware of their mistakes.
Hence, rule number one in investing is that we must be fully aware that regardless of whether you are an investment guru or an average investor, everyone will make mistake in his investment decisions. That’s why some experts say: “When somebody mentions that they have more experience than you, they mean that they have incurred more losses than you in stock market.” The key is to learn from our mistakes.
In order to avoid incurring losses in stock market, we need to develop our own investing system that suit our needs, skills, knowledge and risk tolerance level. The investing system can be adopted from the fundamental analysis, technical analysis or combination of both. If we ask some remisiers, they will most likely tell you that they need two to three years to develop their own investing system that can help them to generate returns from stock market.
One of the fastest ways to acquire investing knowledge is through reading books relating to investment. There are many good investment books in the market. However, since every investor has different preferences, the best way is to visit bookstores and look for investment books that he or she can understand and can offer the skills needed. For beginners, always start with some basic investment books that explain well on key investment concepts.
Here are some good investment book titles for consideration: The Intelligent Investors (by Benjamin Graham), The Essays of Warren Buffett: Lessons for Corporate America (Warren Buffett and Lawrence A. Cunningham) and Rule #1 (Phil Town). For advanced investors, you may consider Security Analysis (by Benjamin Graham and David Dodd), which is still one of the best investment books in the world.
Apart from reading books, investors need to read more business news in newspapers and magazines to keep themselves updated on the latest happenings. In addition, many newspapers, magazines and websites also publish good articles for the purpose of educating general public on investment. For example, investors can get good investment knowledge from website like www.min.com.my, by Securities Industry Development Corp.
Reading analysts’ research reports will enhance our understanding on some issues and factors in valuation as well as comments on some corporate strategies and developments. This knowledge is crucial in helping us making better investment decisions. Besides, for those serious fundamental investors, they may consider buying books like Stock Performance Guide (by Dynaquest Sdn Bhd) and Shares (Pioneers & Leaders (Publishers) Pte Ltd), which will provide all the essential investment information like companies’ background and some key critical investment information.
Another way to acquire investing knowledge is through attending investment training classes. There are many types of investment training classes, for example, classes on fundamental investment, technical analysis, currency trading or option trading. Given that a lot of these classes are quite expensive, we need to check whether investment training suits our needs. We believe some of those classes may be able to help investors generating returns, however, they require higher level of discipline and commitment.
Before we start investing with “real” money, one of the ways to gain experience and at the same time test out our skills is by building up a “virtual” portfolio and investing using “virtual” money. We can always try out our investment skills through playing a simulated investment game and monitor the investment returns before putting the real money into the stock market. Besides, we should also start young. If we acquire these investment skills at younger age, the losses that we may incur will be much lower than trying them when we are getting nearer to our retirement age.
Ooi Kok Hwa is an investment adviser and managing partner of MRR Consulting.

Monday, February 1, 2010

10 Tips For The Successful Long-Term Investor

by Investopedia Staff, (Investopedia.com) (Contact Author Biography)

While it may be true that in the stock market there is no rule without an exception, there are some principles that are tough to dispute. Let's review 10 general principles to help investors get a better grasp of how to approach the market from a long-term view. Every point embodies some fundamental concept every investor should know.

1. Sell the losers and let the winners ride!
Time and time again, investors take profits by selling their appreciated investments, but they hold onto stocks that have declined in the hope of a rebound. If an investor doesn't know when it's time to let go of hopeless stocks, he or she can, in the worst-case scenario, see the stock sink to the point where it is almost worthless. Of course, the idea of holding onto high-quality investments while selling the poor ones is great in theory, but hard to put into practice. The following information might help:

* Riding a Winner - Peter Lynch was famous for talking about "tenbaggers", or investments that increased tenfold in value. The theory is that much of his overall success was due to a small number of stocks in his portfolio that returned big. If you have a personal policy to sell after a stock has increased by a certain multiple - say three, for instance - you may never fully ride out a winner. No one in the history of investing with a "sell-after-I-have-tripled-my-money" mentality has ever had a tenbagger. Don't underestimate a stock that is performing well by sticking to some rigid personal rule - if you don't have a good understanding of the potential of your investments, your personal rules may end up being arbitrary and too limiting. (For more insight, see Pick Stocks Like Peter Lynch.)

* Selling a Loser - There is no guarantee that a stock will bounce back after a protracted decline. While it's important not to underestimate good stocks, it's equally important to be realistic about investments that are performing badly. Recognizing your losers is hard because it's also an acknowledgment of your mistake. But it's important to be honest when you realize that a stock is not performing as well as you expected it to. Don't be afraid to swallow your pride and move on before your losses become even greater.

In both cases, the point is to judge companies on their merits according to your research. In each situation, you still have to decide whether a price justifies future potential. Just remember not to let your fears limit your returns or inflate your losses. (For related reading, check out To Sell Or Not To Sell.)

2. Don't chase a "hot tip".
Whether the tip comes from your brother, your cousin, your neighbor or even your broker, you shouldn't accept it as law. When you make an investment, it's important you know the reasons for doing so: do your own research and analysis of any company before you even consider investing your hard-earned money. Relying on a tidbit of information from someone else is not only an attempt at taking the easy way out, it's also a type of gambling. Sure, with some luck, tips sometimes pan out. But they will never make you an informed investor, which is what you need to be to be successful in the long run. (Find what you should pay attention to - and what you should ignore in Listen To The Markets, Not Its Pundits.)

3. Don't sweat the small stuff.
As a long-term investor, you shouldn't panic when your investments experience short-term movements. When tracking the activities of your investments, you should look at the big picture. Remember to be confident in the quality of your investments rather than nervous about the inevitable volatility of the short term. Also, don't overemphasize the few cents difference you might save from using a limit versus market order.

Granted, active traders will use these day-to-day and even minute-to-minute fluctuations as a way to make gains. But the gains of a long-term investor come from a completely different market movement - the one that occurs over many years - so keep your focus on developing your overall investment philosophy by educating yourself. (Learn the difference between passive investing and apathy in Ostrich Approach To Investing A Bird-Brained Idea.)

4. Don't overemphasize the P/E ratio.
Investors often place too much importance on the price-earnings ratio (P/E ratio). Because it is one key tool among many, using only this ratio to make buy or sell decisions is dangerous and ill-advised. The P/E ratio must be interpreted within a context, and it should be used in conjunction with other analytical processes. So, a low P/E ratio doesn't necessarily mean a security is undervalued, nor does a high P/E ratio necessarily mean a company is overvalued. (For further reading, see our tutorial Understanding the P/E Ratio.)

5. Resist the lure of penny stocks.
A common misconception is that there is less to lose in buying a low-priced stock. But whether you buy a $5 stock that plunges to $0 or a $75 stock that does the same, either way you've lost 100% of your initial investment. A lousy $5 company has just as much downside risk as a lousy $75 company. In fact, a penny stock is probably riskier than a company with a higher share price, which would have more regulations placed on it. (For further reading, see The Lowdown on Penny Stocks.)

6. Pick a strategy and stick with it.
Different people use different methods to pick stocks and fulfill investing goals. There are many ways to be successful and no one strategy is inherently better than any other. However, once you find your style, stick with it. An investor who flounders between different stock-picking strategies will probably experience the worst, rather than the best, of each. Constantly switching strategies effectively makes you a market timer, and this is definitely territory most investors should avoid. Take Warren Buffett's actions during the dotcom boom of the late '90s as an example. Buffett's value-oriented strategy had worked for him for decades, and - despite criticism from the media - it prevented him from getting sucked into tech startups that had no earnings and eventually crashed. (Want to adopt the Oracle of Omaha's investing style? See Think Like Warren Buffett.)

7. Focus on the future.
The tough part about investing is that we are trying to make informed decisions based on things that are yet to happen. It's important to keep in mind that even though we use past data as an indication of things to come, it's what happens in the future that matters most.

A quote from Peter Lynch's book "One Up on Wall Street" (1990) about his experience with Subaru demonstrates this: "If I'd bothered to ask myself, 'How can this stock go any higher?' I would have never bought Subaru after it already went up twentyfold. But I checked the fundamentals, realized that Subaru was still cheap, bought the stock, and made sevenfold after that." The point is to base a decision on future potential rather than on what has already happened in the past. (For more insight, see The Value Investor's Handbook.)

8. Adopt a long-term perspective.
Large short-term profits can often entice those who are new to the market. But adopting a long-term horizon and dismissing the "get in, get out and make a killing" mentality is a must for any investor. This doesn't mean that it's impossible to make money by actively trading in the short term. But, as we already mentioned, investing and trading are very different ways of making gains from the market. Trading involves very different risks that buy-and-hold investors don't experience. As such, active trading requires certain specialized skills.

Neither investing style is necessarily better than the other - both have their pros and cons. But active trading can be wrong for someone without the appropriate time, financial resources, education and desire. (For further reading, see Defining Active Trading.) Most people don't fit into this category.

9. Be open-minded.
Many great companies are household names, but many good investments are not household names. Thousands of smaller companies have the potential to turn into the large blue chips of tomorrow. In fact, historically, small-caps have had greater returns than large-caps: over the decades from 1926-2001, small-cap stocks in the U.S. returned an average of 12.27% while the Standard & Poor's 500 Index (S&P 500) returned 10.53%.

This is not to suggest that you should devote your entire portfolio to small-cap stocks. Rather, understand that there are many great companies beyond those in the Dow Jones Industrial Average (DJIA), and that by neglecting all these lesser-known companies, you could also be neglecting some of the biggest gains. (For more on investing in small caps, see Small Caps Boast Big Advantages.)

10. Be concerned about taxes, but don't worry.
Putting taxes above all else is a dangerous strategy, as it can often cause investors to make poor, misguided decisions. Yes, tax implications are important, but they are a secondary concern. The primary goals in investing are to grow and secure your money. You should always attempt to minimize the amount of tax you pay and maximize your after-tax return, but the situations are rare where you'll want to put tax considerations above all else when making an investment decision (see Basic Investment Objectives).

Conclusion
In this article, we've covered 10 solid tips for long-term investors. There is are exceptions to every rule, but we hope that the common-sense principles we've discussed benefit you overall and provide some insight into how you should think about investing.

by Investopedia Staff, (Contact Author Biography)

Investopedia.com believes that individuals can excel at managing their financial affairs. As such, we strive to provide free educational content and tools to empower individual investors, including thousands of original and objective articles and tutorials on a wide variety of financial topics.
** This article and more are available at Investopedia.com - Your Source for Investing Education **

Unit Amanah atau BSKL? Anda mahu melabur?

 Assalamualaikum w.b.t.,

Dalam pos sebelum ini telah ditunjukkan contoh "trend" Unit Amanah yang terikat dengan prestasi FBMEMAS/KLCI. Bagaimana pula jika Unit Amanah berkenaan bertindak berlawanan dengan "trend" FBMEMAS/KLCI atau langsung tidak mengikut "trend" meningkat atau mendatar sahaja? Apakah yang berlaku? FUND Manager tidak melaksanakan kerja/tidur? FUND Manager tidak berpengalaman? FUND Manager tidak mampu mengawal prestasi dana? Atau FUND Manager itu dan ini semua negatif belaka?

Jika sesuatu Unit Amanah mengikut "trend" prestasi indeks sandaran mereka maka boleh dikatakan ianya telah dikawal dan diawasi dengan baik oleh FUND Manager yang berkaitan. Perkembangan pasaran atau ekonomi sangat bergantung kepada situasi semasa ekonomi dunia atau setempat tidak kira dari permasalahan ekonomi itu sendiri, politik, penyakit, rasuah pemerintah, bencana alam dan sebagainya. Antara alat yang digunakan untuk mengawasi perkembangan ekonomi negara adalah indeks FBM-KLCI yang disokong oleh beratus syarikat yang disenaraikan. Ekonomi Malaysia sangat bergantung kepada ekonomi US. Oleh itu apabila berlaku kejatuhan pasaran di US (DJIA), kesan kejatuhan akan dirasai oleh FBM-KLCI, begitu juga pergantungan kepada ekonomi negara lain seperti Cina, Eropah dan sebagainya. 

Pemegang unit amanah memperolehi keuntungan (Kes Public Mutual Islamic Optimal Growth Fund) dari; 1) Dividen/bonus pelaburan, 2) Jual-beli saham; yang ditukarkan ke unit tambahan dan dimasukkan ke dalam akaun pelabur. Pelabur hanya mendapat keuntungan mutlak apabila menjual unit-unit amanah mereka bergantung kepada pasaran semasa.

Jika sedemikian, maka melabur dalam pasaran terbuka di BSKL adalah lebih baik berbanding dengan unit amanah? 

Dalam persoalan ini, pada pandangan saya jawapannya ya dan boleh juga tidak bergantung kepada kemahiran, kebijaksanaan, sanggup mengambil risiko dan ada masa yang banyak untuk mengawasi pelaburan yang dibuat. oleh pelabur-pelabur. Penilaian boleh dibuat berdasarkan:

  1. Unit Amanah di awasi oleh Pengurus Dana (FUND Manager) Profesional dari Syarikat Pelaburan, dari pengalaman boleh mengenal pasti potensi dan risiko pelaburan berbanding jika kita sendiri yang menjadi pengurus dana pelaburan kita. 
  2. Pengurus Dana bekerja sepenuh masa dalam pelaburan berbanding kita yang melabur secara sambilan. Masa urusniaga bursa adalah pada masa kita bekerja. Tidak boleh memberi perhatian sepenuhnya kepada pergerakan pelaburan kita.
  3. Keadaan aliran pasaran, pemilihan syarikat berprestasi atau berjajaran yang baik,  suasana ekonomi global dan sebagainya perlu difahami sepenuhnya untuk mengelakkan kerugian dan meningkatkan keuntungan menerusi dividen dan jual-beli saham.
  4. Melalui unit amanah, pelaburan dibuat ke pelbagai syarikat dan sektor pelaburan dengan modal yang lebih  kecil berbanding dengan melabur sendiri di bursa. Sebagai contoh, dengan modal RM3000.00 di unit amanah, hasil pelaburan datangnya dari 20 syarikat, tetapi untuk jumlah yang sama apabila melabur sendiri mungkin sesuai dilaburkan kepada satu atau dua syarikat sahaja.
Namun pilihan melabur di BSKL atau menerusi Unit Amanah adalah pilihan kita. Untuk melabur terus ke Bursa seharusnya sedikit ilmu pelaburan perlu dipelajari bagi mengelakkan kerugian. Tidak dinafikan, melabur sendiri adalah lebih fleksibel dan jika kena caranya, keuntungan yang diperolehi boleh berlipat ganda. Dua artikel dikepilkan untuk tatapan berkaitan membuat keputusan dalam pelaburan saham. Sekarang ini adalah masa yang terbaik untuk menilai peluang-peluang pelaburan semasa Indeks FBM sedang menyusut dan memperbaiki semula posisi pelaburan supaya  lebih mantap.

"Buy low, while people selling; Sell high, while people buying"
----------------------------------------------------------------------------------------------------------
1) Momentum – The trend is not always your friend

Source: http://www.moneycontrol.com/news/mf-experts/momentum-–-the-trend-is-not-always-your-friend_438780.html

Have you ever thought why most stock tips you receive are about buying a stock that has done well recently, a recent winner? Are your brokers and friends great stock pickers who pick stocks that do well, or is it just momentum – picking stocks AFTER they have done well – at work? With no offense to anybody’s skills, it’s probably the latter.

Momentum is India’s favourite market strategy. Most stock picks and market recommendations, whether they come from a broker’s desk or a cocktail party, when looked at in any detail, point to momentum. What does that mean? Quite simply, it means betting on things that have done well recently – whether it is an individual stock, a particular sector or the market as a whole. A classic recent example – everyone wants to buy steel stocks because they have done well, everyone wants to sell telecom stocks because they have done badly. Buy winners, sell losers, it’s as simple as that.

Indians are not the only ones who understand or love momentum, and there is no magic behind it. Momentum is a time-tested globally known investment strategy with its roots in behavioural finance. When good news comes out, people under react because they are not sure, and the stock price doesn’t rise enough. The stock has room to go, and as more good news comes out, people overreact, driving the stock price up further. Similarly, on the downside, as bad news comes out, people over react to bad news, and in despair run for an exit, leading to a further correction. The tendency to overreact to bad news and under react to good news is timeless and inherent in human nature, and as long as it works, momentum trading will continue to work.

In fact, momentum has historically been even more powerful in India, than other global markets, and is one of the best performing strategies over the last 15 years. The most basic indicators have made for very favourable trading strategies. What makes it even more popular is that momentum is one of the easiest things to do – it takes very little to get the past prices of stocks and figure out which ones are doing well. You don’t need to know anything about the stock or the business to trade momentum – you could be following the price of bananas for all it matters.

Moreover, for a broker or an individual, momentum is a professional and socially safe strategy. You’re always following the trend, always selling what is doing well, and that’s a pretty easy sale to make. You always sound right, and who doesn’t like that? Compare this to value investing – after all the work involved in understanding a company’s inherent value and financials, you are the one rooting for an undervalued firm whose stock price has been beaten down. Even tougher, you’re running down a company that has done well because it is overvalued, even though everyone else loves it. It’s a pretty unpopular place to be in and a tough sale to make to a client.

Unfortunately, for all its ease and apparent money making abilities, momentum can revert pretty quickly, and when it does, it gets ugly. No trend sustains itself forever, definitely not in the short to medium term, and when a trend reverts, it is painful being a momentum trader. Think of 2007. For the three year bull run, markets were doing well, and every trader was bullish – momentum did well and every investor felt they had discovered a gold mine…until 2008 struck. The upward trend reverted, the market crashed and momentum crashed with it, and quickly. Momentum traders saw gains made over three years quickly erode as markets took a turn.

My favourite story about the dangers of playing momentum is Religare AGILE, a mutual fund that claimed to be a quant fund, but is actually just playing momentum. AGILE launched when the tide just turned and momentum was having its worse run. In a year when the markets were down 60%, AGILE bled much more. A period of downward momentum followed and AGILE did fine, but come May 2009, the downward trend reverted. The markets rallied nearly 90%, momentum strategies suffered, and AGILE returned less than 50%. AGILE’s poor performance, incidentally, has nothing to do with being a quant fund – many quants have done well over this period – it is simply playing momentum.

Cut to the last quarter of 2009 – another great period for momentum as the markets have had an upward trend, and to no surprise, AGILE has done superbly, as have other funds that have played the same trick. What will happen to them when the trend reverts, however, is the question?

Should you not play momentum or invest in a momentum fund? In general, yes, investing in a concentrated strategy is a bad idea – investments should be diversified across investment styles. If you do have to play momentum, do it in a conservative way with moderate risk. Most of all don’t be fooled by a manager’s great returns over a period – he may just be playing momentum. Check out his returns when the trend reverts.

Be careful when playing momentum – following the trend may appear to be your friend, but can quickly turn into a foe you had never bargained for.
------------------------------------------------------------------------------------------------------


2) Long term investors in the stock market will know that most go through hot and cold streaks.


 Copy from: http://myinvestingnotes.blogspot.com
More importantly, investors should aim for durable, long-term outperformance. 
However, many investors either
  • lose in equity investment or
  • end up in a no profit-no loss situation.
Often, it happens that you start putting money in equities and the market moves to new highs. Then you are tempted to put in more money, since you are getting higher returns. Suddenly, the market starts to slide down.

Forget returns on investment, you are not even able to recover your capital. This is a common grouse of most investors.
Why? Is it because you make wrong decision or because the market is only meant for speculators and gamblers?

No, that’s not true. We go through this pain again and again because we do not learn from our previous experiences in the market.
Only the ‘smart investors’ survive the ups and downs in the market and make pots of money.