Posted in Investment, Rockwills & Estate planning, Rockwills & Inheritance on Jun 29th, 2010
I came across this interesting story in The Times newspaper quite some time ago. Do note that the article was written with the United Kingdom in mind. In Malaysia, there is something similar called the Unclaimed Moneys and if your money lies dormant and unclaimed in the bank for more than seven years, it will [...]
Posted in Investment, Mutual Fund, Unit Trust on Dec 12th, 2009
A US-BASED professor has slammed the financial industry for perpetuating investment fallacies that do little to educate retail investors about risk and return, writes Genevieve Cua in Singapore’s The Business Times. These fallacies include the oft-repeated maxim that diversification reduces risk, and that risky assets such as stocks become safer as the holding period gets [...]
Posted in Insurance, Investment, Mutual Fund, Unit Trust on Sep 9th, 2009
This appeared today in The Malaysian Insider regarding a move by the Monetary Authority of Singapore to ban the use of financial products with misunderstood names. Hopefully, Bank Negara Malaysia can take the cue and see how the use of these terms can be regulated here too: If you have ever been sold a financial [...]
Posted in Insurance, Investment, Mutual Fund, Unit Trust, economy on May 22nd, 2009
Here is an interesting story that appeared in today’s issue of The Business Times in Singapore. It’s saying that owing to the global financial crisis Malaysians appear to be the most averse among Asians to higher risk investment products. They have become more conservative in their choice of financial instruments. According to the Life Outlook [...]
Posted in General, Investment, Mutual Fund, Rockwills & Estate planning, Unit Trust on Oct 19th, 2008
I’m sure you have heard of it. Madonna and her beau, Guy Ritchie, have gone their separate ways after eight years of marriage. Divorced. And there’s a huge settlement in her ex-hubby’s favour. He’s reportedly walking away with assets worth around USD60 million which includes a 1,200-acre country estate, a London pub and a cash [...]
Posted in Investment on Oct 8th, 2008
According to The New Paper in Singapore, those people in the financial services industry – the insurance agents and the unit trust consultants – are seeing their monthly income drop by as much as 30 percent as their customers are fighting shy of making new investments as the global markets continue to reel. Big pay [...]
Posted in Investment, economy on Sep 19th, 2008
According to Thai News Service, analysts in Malaysia say that the country is unlikely to be impacted in a big way by the collapse of Lehman Brothers and Merrill Lynch. “I can’t see it having a direct impact on Malaysia. Any impact is likely to be indirect,” said Wong Ming Tek, head of research at [...]
Posted in Investment, economy on Sep 18th, 2008
Want to know how exactly these banks had failed? The underlying idea is that they gave out bad loans. But what happened after that? Below is an attempted explanation picked up from a discussion thread in Google. It’s complicated, but here’s the 30-second version of what happened with Bear Stearns and Lehman: People went to [...]
Posted in Investment, economy on Sep 17th, 2008
There is a momentary sigh of relief among worried investors that the United States government has agreed to bail out American International Group Inc, the world’s largest insurer, to the tune of USD85 billion. It has emerged that U.S. Federal Reserve will lend up to this amount to AIG for two years in exchange for [...]
Posted in Investment, economy on Sep 17th, 2008
The American financial market is in deep shit following Lehman Brothers’ filing for Chapter 11 bankruptcy early Monday morning. Signs were already imminent a week ago that Lehman Brothers would need a rescue plan but the carpet was finally pulled from beneath the investment bank’s feet late on Sunday night. Bank of America was supposed [...]
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