non of the TNB CW can play.

FBI ? not CSI?

Financial sectors need boaster dose from property.
- Maybank, CIMB, PBB, HLB, RHB, HLFG

Palm oil - EU listed ban will only come effective 2021. Do more for palm oil.
- KLK, Sime Plant, PPB, HapSeng, IOI. FGV (ex KLCI)

Petronas related

- do something on Petdag, Petgas, MISC, Petchem

finally doing something

Yes!!!!! yes!!!

Tenaga carries a heavy weightage to KLCI, they are focusing the target

at least 6 to 8 quarters earning will be affected.

now 25% reduction in 6 months time. Another 6 months to 12 months, another 25% reduction ?

after all the bad quarters over only come back, else will become long long term investor coz trapped.

all those loans for tolls are majority owned by PNB, EPF, KWAP, LTAT, LTH, etc in term of bonds la. Terminate also compensate back our state owned funds

https://www.thepatriots.asia/faq-menjawab-persoalan-persoalan-mengenai-hutang-negara/

yes, open the tap. let the water flow.

@moneypedia, land purchase is another category. you buy red color grant land ? coz for land purchase, bank will only give 50% margin & the tenure max at 15 years with quite a high BLR+ rate.

in short, buying land. you need heavy upfront cash.

@Alex

ic sami value, hope she is better off la with car loan and house loan, if can do early settlement (i think it's a must).
..................................
- By norm, a personal finance conscious individual will not commit heavily on the depreciating asset. The is the first lesson will be taught. Judging from gender personal preferences even my from own peer, female have tendency to spent on aesthetic even though knowing it is depreciating asset.

if recession kicks in and she loses her job, she can well loses her butt too, being that she is stuck with depreciating car loan, and a house that she couldn't sell at at least breakeven.
...............................
-as I mentioned earlier, how comfortable is the lady with her current active income. Do not jump to conclusion too fast by thinking she only have fix salary to rely on. At 25 y.o with 35k saving, she "might" have part time income or other unknown incomes which can reduces her monthly expenses. Some people eat free meals at KFC & McD doing customer feedback for MSP. You can also get free petrol for customer feedback.

Another important part of the personal finance is to raise cash during crisis. Know what avenues you can raise emergency cash in case of unexpected event. You must know which financial instrument you can scarifies & let go in the event of emergency. Insurance premium, saving premium, EPF, jewelry, etc.

Just don't commit if not feeling uncomfortable. But with balance of RM 950/ month, too me, it is comfortable if I'm single.
........................................................
I note your point that when it comes to property, and the example you gave, easily 8% rental yield. Good offer. The thing is, if recession comes (just a probabilistic scenario), can rental yield be guaranteed? If got contract, then gooding la. If not, as property market is softening, what stops these renters to go to places where it is easier on their pocket?
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Yes, people will opt for cheaper option. You must know who is your targeted market group of people. There is a bottom-line which cannot be lowered. Anything lower than the base = sleep at roadside. The sector which did not affected by recession = education. Economy good, you still send your children to university, economy bad, you still send your children to university. Can university student opt for cheaper alternative at further location during bad time ? Know your target group. Rental for family range from 900-1500/month. Anything more than that, family cannot afford. Rental for students can go higher than 1500/month to 2500/month depending on the location & demographic.

I can also share. I saw someone hoot a property around 2011, want to sell at at least 50% profit off his initial purchase, list it since 2013, now until 2018 he is listing the property at some 23% loss (still no ppl buy), because that area is oversaturated with empty properties.

-Aiyo, your friend failed in flipping strategy. Flipping got flipping category & strategy , there is threshold amount cannot exceed also. If the threshold amount exceed, buyers will have a lot of other alternative coming in, your market will reduce due to competition. Know your target market, don't simply hoot.

If your friend flip strategy failed & resorted to rental strategy, must know the rental target also. Cannot expect unrealistic rental if the surrounding do not have infra like commercial area, university, industrial. If the rental target too high exceed 3k/ month, your potential tenants will be reduced to expat. No local will rent, coz if they can afford 3k rental, they can buy their own unit already.

The best part? the photo sports some furnished stuff, still wrapped in nice plastic, since 2011 until now no ppl rent, apu.....kena con by sales agent.
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Don't fully blame agent. Agent is only sales person, their job is to sell. Investor job is to validate the agent selling points before investing by doing ground investigations.

I haven't talk about his monthly installment paid since 2011 (even earlier i guess before the unit is ready), those mrta la insurance la as you said.
.................
I think i3 have discussed many times. It is matter how the person use the tool. A sharp knife can be used to save life to perform surgery. The same sharp knife also can cut yourself if you accidentally slipped it because you don't know how to hold it properly.

@Alex

kikikiki, we are from different school of taught. Buying property from the point of view as the buyer vs buying property from the point of view as investor totally different.

Property investment - location is the 1st priority. Other area softening does not mean all area softening. This time around is the best time to buy if you find a good bargain at the correct area. There are method to test & scout if it is true there is great demand at certain area.

If it is unfurnished unit, yes. Some money for minor renovation necessary. 10k to 20k.

Reason for completed unit = sub-sale market, the property could be fully furnished & renovated & ready to move or lease out. The fire insurance & MRTA is compulsory the moment you take loan from banks / most of the time. The quit rent is small money.

Reason to borrow young because when you are young, you can stretch your borrowing to longer tenure up to 35 years long & you can have lesser monthly commitment. As you age, bank will no longer give you longer tenure. The amount pay back at 50% that you worry, most of my investing peer did early settlement on 5 years to 10 years time instead of total 35 years. It is not as heavy as 50% as you perceived. I did my early settlement for the 1st property also.

Bear in mind, yes, our salary will increases over time, the value of property also increases over time due to inflation.

* provided she can survive with the balance monthly cash.

I was recently offered a unit in waiting to let go by buyer if the buyer loan is rejected by bank from an agent. The buyer was taking 2 units at same time, fully furnished & renovated with move in condition. Selling price RM 300k but the monthly rental fetching RM 2k/ month. Will you not buy if coming across this kind of offer when you can afford it financially?

I checked all the property portals from i property, property gurus, durian property - no one is selling at that area ! those who buy, do it silently coz they are still loading up until they cannot take. The agents are keeping listing unit tight in hand & only release to selective close client. There is under supply at that area with sudden upsurge in the rental demand. The location, I would not like to reveal.

Looking at the options that the young lady have :-

1) Go for real estate :

Monthly Salary : RM 3,600.00
Socso Deduction: RM 17.75
https://www.perkeso.gov.my/index.php/en/quick-links/rate-of-contributions
EPF Contribution 11% : RM 396.00
http://www.kwsp.gov.my/portal/documents/10180/154493/Jadual_Ketiga_BM_20122017.pdf
PCB Deduction : RM 14.65
http://lampiran1.hasil.gov.my/pdf/pdfam/Jadual_PCB_2018.pdf

Car loan repayment (assume 4% rate) = RM 609.52

Monthly net cash received after less the fix deduction = RM 2,562.08

With cash on hand 35k, she can have option to buy her 1st house (ready house, don't go for under construction) price at RM 350k, borrowing of RM 315K (90% margin of financing) & monthly repayment around RM 1520 to 1610 / month.

The net balance of cash for her to survive will be left around RM 952.08 / monthly. If this amount is not sufficient for survival, drop this option. Do keep in mind, the ready unit might generate passive rental income around 1k to 1.5k monthly ( need to less maintenance fee) if successfully lease out at the strategic location, it will increase the monthly stream of income. Adjust to go for lower range type first to suite own financial pace.

2) Go for stock investment with the capital on hand of RM 35k. Pay tuition fees to market first. I doubt the newbie will appreciate the meaning of fundamental value investing until they experience their losses in stock market. Normally for newbie, go for quality stocks with high ROE & dividend counter like the one preached by 3iii.

3) Go for unit trusts. At her age, normally a lot of insurance agents from her peer will approach her to buy insurance / unit trust. I think the best is to buy direct from fundsupermart. https://www.fundsupermart.com.my/main/home/index.svdo. At least she can monitor the fund performance on her own instead of relying to agent sweet talk on return more bank FD , which most of the time , the fund cannot perform as per their target.

4) Go for P2P lending. This one, you earns interest like loan shark by lending your money to the borrower at quite attractive rate. https://fundingsocieties.com.my/

5) Continue to put money in FD. ( bad option in my opinion)

6) Since the Heaven have fixed our destiny to be born in our currently family background which might not of the Bill Gates or Jack Ma's level, I won't suggest something impossible idea like wishing to be borned into rich family.

Instead, find herself a rich husband & become siu lai lai - habis cerita. Do be reminded on the risk that siu yeh chai got a lot of mistress one. VT got 4 wives.

If, I were at her position, I'll go for option 1 : real estate with the condition that the location is strategic.

"Sslee Dear Sami-Value,
I am Ex-UM 1986 Chemical Engineering graduate 1986. During my time I do not think Economy Faculty just across the road offer Elective subject; Personal Finance for engineering student."

Your time, I can't answer. My time, the course was opened to all faculties students - it was known as out of faculty subject ( there were a lot of subjects the student can choose ).

If there is any younger generation studying at UM, ask them to take up this paper. I find it meaningful & fun.

There were multiple lecturers giving talk & lecture on different fields - real estate, tax, unit trust, share market, bond,etc

They will invite special speaker from industry to come for talk also. During on of the real estate session when the lecturer pointed on the importance of location, they invited Ho Chin Soon. We were like, who the hell is Ho Chin Soon ? We were given the property mapping of Klang Valley for free. After joining the workforce, then only I realized , the tip top developers are engaging Ho Chin Soon on the mapping study for the marketing purposes.

On the real estate sessions, what I could recalled was, we were given the assignment to engage in the a real situation to buy a property. The lecturer brought us to property fair at Mid Valley ( this paper was only available when there was upcoming property fair in the calendar ) , we were asked dressed formally, go around the counters, survey our dream house, ask for the details ( leasehold, freehold, title transfer, legal fees, loan etc), get minimum 3 informal / formal offer from banks. This part was the toughest part because we were yet working and was asked to act /pretend like one - most of us couldn't get this one. The lecturer (female) knew we couldn't get one but still push us to call & send in email for inquiry or else she will failed us.

2 weeks from the visit, we were required to submit our report why we choose the property to buy & the financing instrument we were taking up to make the purchase possible.

In the end, the final day of the subject. The lecturer passed all of us even though non of us obtaining any informal/formal offer from financial institution ( coz banks need booking receipt, 3 months salary slips, EPF statement, IC).

The most inspiring lesson / explanation given was, she know we won't get it but still threaten to fail us if we didn't try because the intend was to get us to engage in the real process of buying the property. The process is the lesson that she want us to experience hands on.

okla, correct it to 35k cash on hand ( drop the "net" for the error).

Impressive or not at 25 y.o with 35k cash saving on her own? still impressive to me

At 25 y.o with net cash on hand 35k by her own saving, she is ahead from most of her peer ( disregard those with help from family).

Very impressive actually.

"Nobody taught us then, not in school or university for sure, and offered by anybody."

Ex-UM , ada la. Check out the Personal Finance Elective Subject offered by Economy Faculty -2 or 3 credit hours. Just across the road from Engineering Faculty only.

Wa lang initially intend mau pigi cuci mata dekat Economy Faculty with a pack of malat lou wolves. Econ Fact manyak banyak leng lui one, Engin fact too many malat lou ( don't enroll engineering, really boh leng lui one) .

Pigi cuci mata, mana tau end up opened eyes. The lecturers at Econ fact really the ganas one, don't play-play.

1st class session, the lecturer gave tips to read financial report of SP Setia - that time SP Setia just did cash call to purchase the sizeable land from See Hoy Chan. Can see cannot do any action during that time. Can only wahhhh!!!! Wahhhh!!! from less than RM 1 Sp Setia, see it grow crossing RM 1, crossing RM 2. everyday wahh!!!!, Wahhhh!!!

2nd class session - property investment session. Lecturer said if got money, can go hire people to queue at Mutiara Damansara to buy the Mutiara Damansara development launching soon - free hold strategic location ( PJ address). We all wahhh!!!, Wahhhh!!!.....wahhh! again. Joking with buddy ma lat lou, blame your parent, how come they never made love 4-5 years earlier so that you can be born earlier, now opportunity gone lor. during launching, came out in paper on the crazy queue with people camping outside the sales office few days earlier. We all can watch only.

3rd session - the same badass lecturer from 1st day taught how to optimize the personal income taxes legally. We all wahh!!! wahh!! again.

every sessions, full of excitement.....from original intend pigi cuci mata, end up learning so many things.

Conclusion I wanna say, university time got people offering this course la. Only u mau pigi or not. Luckily I got these group of malat lou friends who dragged me along with them. Cuci mata not a bad idea, can end up learning other stuffs.

During that time also, we concluded - Econ fact lecturers were real badasses, they drove BMW 7 series . Engin fact one kurang power a bit, coz the lecturer for econ subject was driving Proton Wira.

property investment is good provided it is done correctly. it should be the gateway for your first pot of silver.

1) find the down payment 10% - this is always the challenge but it can be done. You just have to find the way - out of the box. If everyone can do it, no challenge already.

2) buy a property at the strategic location - must be ready to move in. Pay installment monthly = paying rental monthly. Lease out the excess vacant rooms = additional rental collection to ease burden of commitment. leverage on the housing loan. Some ppl get net income by doing this.

3) after properties appreciated in value a few years, you can decide to dispose it. The gain will be easily 6 digits. There goes your first pot of silver.

replace the cashiers with the automated payment like at Ikea & Tesco

remove 2000 workforce away from the market. Ask them go back plant bananas.

the remaining 8000 workforce can get minimum RM 1500 pay a month.

The only salvation for this counter - win themselves the oversea contracts, sizable one to show that even without being golf buddy cable, they still can survive & do well.

Until that happen, I really doubt the majority investing public will have a good feel on this counter future prospect.

why 6% is fair ? Because as PDP, they are not only reviewing the design, they need to do coordination across the trades.

For normal residential building . The P&A rate for coordination normally range around 2.5% to 3%. For a more complex building like mall, the P&A will go up to 3.5% to 4%. For healthcare, it will reached 4.5%. It all depends on the degree of difficulty of the coordination. The P&A scope in building contract is almost identical to the PDP role function in railway jobs.

Hence, for railways with multiple disciplines & multiple stations, 6% is a fair rate.

I think the author is correct. PDP stands for Project Delivery Partner. They are more like a project management & earning the fees to manage the projects. The project value belonged to the appointed contractors not the PDP entity.

The fees for the PDP is not equal to net income. It need to less the management teams ( office + site consultant team ) overhead, the printing cost for tender evaluation & award, utility for operation & etc. The highest cost for the PDP entity is actually the overhead of the management team / human resources. Imagine each station you have 1 team from Arch, C&S , M&E, QS, Landscape, ID, Planner, etc.

6% for this size I think is fair, this is not normal building but infrastructure. They need to handle all level of counterparts. In fact, there are provision in PDP which stated that any delay or cost overrun. PDP need to dapao themselves without any cost incur to government. PDP entity have to borne all the cost overrun & liable for the late delivery.

Hahahaha, felicity not a factor to decide on a counter to buy for me.

everyone have different strategy & game plan. it might take a bit longer time for MRCB now after government have set their priority.

Honestly, it might not be a good year onward for construction & properties play.

thank you for the warning.

@sitia, my opinion

1) Just abolish it. It serve no purpose if the blanket subsidy is given. It serve no purpose also if targeted subsidy is given. It is a almost a duplicate to targeted subsidy.

2) No comment, but seriously, watching porn until late night thing can came across your mind ?

3) This one totally not fair. Just because certain youngsters are bad in managing their personal financial, a blanket rule is to be imposed to those whose are discipline & savvy financially?

Take note, financial institution won't borrow you any loan if you do not have any records with them because they could not ascertain your financial behavior. Normally, the credit cards payment behaviors / records will be used as their assessment for the 1st housing loan application. The earlier the individual can prove their worthiness to financial institution to be given the loan for leverage, the faster the youngster can built their wealth ( provided it is utilize correctly ). At the age of 28 y.o and above might be too slow for the first house to me.

4) 20 liter = 20 x RM 2.2 = RM 44 only. Too little, almost negligible the impact for the effort. Minimum 150-200 liter per individual with a single vehicle registered under the individual name to see the impact really helping .

Company vehicles should not entitled. If can afford more than 1 car under single individual, consider rich enough not to get subsidy.

5) Yes, fully support.

6) Fully support but I doubt making fee to RM 2 will help. Actually the specialist clinic at Government Hospital charges RM 5 / session. Only the normal outpatient treatment is charge RM 1 / visit. Take note, some of the medicines especially antibiotic, they no longer giving you free. You have to buy from private pharmacies. Previous government already cut the medicine budget.

PTPTN officers are not as cruel as how the public painted the image la, if you haven't deal with them, don't just jump to conclusion like they are akin to loan shark debt collectors.

If you never talk to them before & already jump to conclusion, it is very unfair to PTPTN. My experience with them was a pleasant one.

Just talk to them, they are not the unreasonable type and don't give the excuses for not paying.

wah...my agent 007 told me UEM hired full project management team waiting for the rail projects.

Tun scrapped it off, jit bai manyak sakit liao lor the overhead.

Posted by harpluck > May 31, 2018 02:33 PM | Report Abuse

I been paying but now I think it's wiser to stop paying. At this rate, one day they will waive all my loans so there's really no reason to pay it off.

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One day, when your family member from younger generation cannot borrow, your are partly responsible for it.

the blacklists, they still allow them to fly....

https://www.thestar.com.my/news/nation/2018/05/31/pakatans-ptptn-pledge-put-on-hold-for-now-says-education-minister/

TheStar reported differently.

don't put too high hope on the existing healthcare jobs also. Never in Malaysia construction history got any health care project completed on time or ahead of time.

Take note, the existing team doing the previous Hospital already left. This is the new group of team. The risk of project delays in healthcare construction is very high.

don't be so sad la, maybe the crooked bridge coming back. salted fish turn alive, lol

our patriotic new generations

https://populous.com/news/2018/05/25/bukit-jalil-stadium-named-2018-stadium-year/

Credit to MRCB & our ex-Ministry of Youth & Sport (KJ).

keep comparing to shit Najib as benchmark. As long as you beat Najib, you think it is ok. bloody nonsense.

those hardcore supporters, irregardless what you leader did & you supported them, you are responsible when they become shit.

ABC, they are bloody government. They can hire white collars or economists to get advise. Don't tell me this simple thing they don't know & resorted to public donation ? they are serious in doing work or looking for popularity through social media ? You see what have they been doing over and over. It is sincere or it is for praise addiction.

you don't whack this faggot now, they will turn into the next clown

ABC, we cannot compare with the worst shit. why you want to compare to the shit

I thought I was wrong to be worried when a candidate as MoF don't know his bungalow value is entrust to handle country wealth, now I'm bloody sure I'm not wrong to have this uneasy feeling.

bunch of clown, you have professionals aiding you & you come out with this nonsense.

those 10 promises , if can't make it in 100 days, no one force you die die do. Know & set your priority morons.

I'm just too angry to see this move. really don't know what to say.

You are seeking popularity or you are doing work ? Great leader "knows the white that is splendor, yet holds on to the black that is humble and lowly". You display non of such quality.

When you are not a government, I can accept the reason you ask for donation. You are now a government, you ask donation to solve this debt issue? common, my grandma also know how to do this la!!!!?? FFFFFFFFF

Bloody idiot. You are government, you how the key hold to manage the resources of nation & yet you resorted to donation ?!

those who think you patriotic by donating, pui! go pay your taxes & clear your PTPTN. Else, you are another attention seeking faggot addicted to social media attention.

Know the correct way to be patriotic. Stop being used by faggot politician for their political mileage.

Next election, you will know. Pui

80 days to go. After cross 100 days. The blades will come out.

To be honest, I really don't know what is the significant of this move.

It just shows that how insecure is our family institution nowadays until it need government to interfere with the epf contribution to the wife. Like the husband will let the wife die of hunger in the olden age & not willing to share the resources. Really funny.

hahahahaha....as speculated, really coming from husband

next time don't kahwin until 4, kahwin 1 cukup. Yang spare punya, ikut macam apolloang, kekal status gf, lol

suddenly I find wisdom in the statement that " it is always cheaper to rent than to own).

all the asset play from Iskandar to TRX , bungkus

PAPpy, don't be sad. Malaysia helping you for an answer for the GST hike from 7% to 9%. Now you don't have the reason for 9%. At least you still can win the next GE.

that why , get someone to brief this fellow on the PFI funding mechanism. when whole world is adopting the same reporting standard as outlined by World Bank, don't simply go established his own just to justify what they have been harping is correct. this is especially the Bangi MP.

both lala ( Bangi & PJ) can hold hand & get lost from Putrajaya. no need your free misleading advise.

5) don't supply papayas to our papaya gardens, so that our citizen like appollo ang are protected from being swindled their estate for the papaya fondling.

4) take more our country bird nests also over Indon

3) more China student to enroll in our private universities / colleges. They are big spender & have deep pockets for the rental. this will spur the properties surrounding the private universities.

1) get China to agree to trade more of our palm oil products in exchange to the construction cost.

2) get China to agree with guarantee minimum sea freights from China that will stop at Kota Bahru & Kuantan Ports to Klang Port route.