Archive for January, 2007
ASB Calculator v2
Posted by admin in ASB, Calculators on January 29, 2007
update: ASB Calculator V3 is now available
My last ASB calculator doesn’t calculate the bonus for ASB. In this new version, I implemented an extra algorithm to include the bonus. If you find any glitch or error, please let me know 🙂
Which one are you?
Posted by admin in Anatomy of Investment, Useful and Interesting on January 25, 2007
This one I rephrase from Rich Dad’s book. I forgot which page it is on so I’m trying my best to convey the story in my own words.
In a small island in Hawaii archipelagos, the island master called a meeting to discuss about the water problem in that island. He chose 2 young men to carry out the tender so that there wouldn’t be any monopoly or what so ever. Excited about this new money-making opportunity, the first young man rushed out through the door and started taking water order from the villagers. He thought by getting all the customers first, the other guy won’t stand a chance. He carried the water from an isolated well deep inside the jungle using his two hands. People were happy with this new service and gladly pay him for the trouble. He was also happy because his competitor has never shown his face.
The other young guy went out of town with a plan sketched in his head. He went to see his potential investors, discuss with a group of engineers and working out a contract to build a water pump and pipeline it to the village.
Years has passed, the first young man was too tired with the job. He hired his sons, cousins and friends to do the job for him. He has to share the profit with a lot more people and he started to lose his earnings. People started to complain about the water quality and inconsistency of water availability. They also demanded a lower price which he couldn’t afford to give.
On the other hand, the latter man was enjoying his wealth. He didn’t even have to work now. The profit was keep getting into his pocket. He hired a manager to take care of his company. While he charged smaller fee, the large volume produced more than enough money that he could use to pay his investors, engineers and other workers. He live happily ever after.
Is this a real story? I don’t know and I don’t even care if it’s not. The real moral of the story is, are you the one who carry the water or the one who build the pipeline?
Don’t forget to comment ya
Delayed Gratification
Posted by admin in Daily Blog on January 12, 2007
I was just about to write on how I abhor traveling in the US and rather to invest that amount of money, but I guess this topic significantly cover what we are going to discuss in that post.
I read that the ability to delay gratification is a form of intelligence. Many old words suggest this wisdom. Remember the pantun of “Bersusah-susah dahulu”? If we take time to see what is happening around us, we would notice that a lot of things that we are doing are some kind of delaying gratification.
For example, some people refuse to eat today to get a better/healthy body tomorrow. They call it dieting. In more subtle example, why we are pursuing our study right now? For some, it’s to get a much better paying job in the future. Instead of having satisfaction right now (by doing what we like), we are using that time to get a better education in hope of being able to have more satisfaction in the future by having more money/time from better jobs.
And the most important to us Muslims, to submit to God, by doing what He told us to do, and leave what He forbade is the greatest delayed gratification of all and most rewarding too.
The real question here is not why but how much; and which gratification you do want to delay and which you don’t.
It’s relatively easy to answer if you asked financially because you are dealing with measurable risk and profit. But in other aspect of life where emotions, memories, youth, friendships,pride take place, the answer will determine who you are and how you lead your life.
If you would like to help me answer these questions (which have no right or wrong ):
1) Would you spend USD3000 to travel to Europe , or you would you invest that much of money and travel around the world 20 years later?
2) Would you like to drive Honda Civic starting at your age of 25, or would you like to ride a kancil until you get a Carrera at your age of 45?
Well, those are just my make-up examples. But do comment, I just want to know what others are thinking.
ASB Rate for 2007
Amanah Saham Nasional Bhd (ASNB) has declared an income distribution totalling RM3.55 billion or 7.3 sen per unit for Amanah Saham Bumiputera (ASB) for its financial year ending Dec 31, 2006 (FY06).
ASNB is also making a bonus payment of 1.25 sen per unit, totalling RM409.82 million, for ASB, versus 1.5 sen per unit last year.
ASNB, a unit of Permodalan Nasional Bhd (PNB), said the income distribution was RM521 million or 17.22% higher than the RM3.03 billion (7.2 sen per unit) paid last year.
Up until Dec 15, 2006, ASB recorded a gross income of RM3.89 billion against RM3.44 billion in FY05, representing an increase of 12.84%.
Resources: TheEdgeDaily.com
Non-bundled Playstation 3 Available Online
Posted by admin in Useful and Interesting on January 8, 2007
It’s not hard to find a PS3 online, but most of them come bundling with 10 games that nobody want to play or $4000 HDTV that priced more than it should be. Fortunately, to hordes of people who are in their quest to grab a piece of the so-called Holy Grail of gaming, Bestbuy.com and Circuitcity.com just replenished their stocks on PS3. I dare to say this won’t last long. Just click the ‘Add to Cart’ button people. For me, I’m still happy with Xbox360.
Link:
Bestbuy.com (sold out)
Circuitcity.com
This is another link to Bestbuy.com which I don’t know whether it’s valid or not:
Bestbuy.com(sold out)
P/S: This is my favorite bundle if I ever want to buy a PS3: Bestbuy.com(sold out)
and oh, please leave a comment if any of these deal expired. It will save other people time.
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