Of death and loved ones

In less than a year, I've lost five relatives back to back.

Both of my grandmothers, two uncles and an aunt.

There are a lot of things both Love and I learned from these losses, one of them is to make sure all the things we work hard for (in another words, our savings) are well utilized by our loved ones.

So, we took a leave last Friday.

First stop is to Tabung Haji. To put a 'Penama' for Tabung Haji is very straight forward. Just get a form, you can fill up to two Penamas. If anything happens to you, the savings will go to the first Penama. He/She will be the one to distribute all the money. If anything happens to both the first Penama and you, the money will go to the second Penama. Then, they need your fingerprint and just submit the form to the counter. In less than a minute, the process is complete.

The second stop is to ASNB. Here is where complications began.

See, I have two accounts with ASNB: ASB and ASW. Love has three: ASB, ASW and ASM.

Both of us have ASB loans; in which will end in 2030.

The Hibah Amanah program (the program they named for you to put the Penama for your savings) works in a way that:

1. You cannot have any loan (which is so leceh because our major portion of money is in ASB and we have loans there)
2. It comes with a charge of RM180 a lifetime, and RM10 every year
3. You can have up to 10 Penamas and you can put the percentage for each Penama (each Penama needs a siganture, a copy of IC and for all Penama needs one witness)
4. If anything happen to any of the Penama, that portion of money that should go to that Penama will go to Amanah Raya.

As if it is not troublesome enough for me, I have now difficulty in withdrawing my money because I was born with a rare case of eczema that changes my fingerprints every now and then. In another words, my IC and fingerprints do not match with each other.

The agents (CIMB, post office) said I need to withdraw them only at ASNB. But ASNB said, I need to get a letter from JPN. Which is sooo troublesome.

Now, I'm thinking of closing my ASW account and withdraw most of my money from ASB to put it in my Tabung Haji. Sorry lah ASNB, not only troubling me with the syariah compliance issue and the fact that Tabung Haji's dividend is better nowadays, you just have to make life a lotttt harder with all these.

So, what's left now is EPF. The problem is, it needs a witness whom is non other than your Penama. I hope to get it done in near time.

If you're wondering what happens to all your savings once you're not around, it'll go to Amanah Raya and the process takes ages. Hence, the post.

Bismillah..

On the broker fee

They said the best teacher is your experience.

I couldn't agree more.

Before I invested big.. I bought 2000 units of shares for a trial run.

Little did I know about the brokerage fee. So let me explain to you a little bit on brokerage fee..

It's actually somewhat like a service fee to your remisier/broker. Every company has different charges. As of TA (the ones I'm using), it's 0.7% per transaction but minimum charges at RM42. When I said per transaction means that RM42/0.7% when you buy and another RM42/0.7% when you sell.

What I'm gonna share from my second jual beli saham:

1. Be very patient. Buy the shares when the price drops, not according to rumors or prediction. I bought mine when the price was quite high because I predicted the price was going up as days passed by but it dropped a couple of days after I bought mine.

2. Bare in mind on the broker fee. It affects your break-even especially if you buy in a small amount. For example I bought mine at RM 1/unit  × 2000 units = RM 2000. To break even, we add with the broker fee RM 2000 + RM 42 (buy)  + RM 42 (sell) = RM 2084. Which makes the break even RM 2084/2000 units = RM1.04. Meaning you can only gain the profit after the price of the shares increase more than RM 1.04.

Whereas if you buy more, eg. 6000 units, break even is RM1.014.

3. Set the percentage that you want to gain the profit and don't be greedy. My target was 25% clean profit, but I sold mine at 7% clean profit in less than a month due to the fact that:
1- Bought it at a quite high price.  To wait for 25% profit will need a long time.
2- The break even factor
3- A little bird told me the price is gonna drop soon. I know I said don't trust in rumours.  But shares is a high risk investment. Anf if you're not a risk taker, I wouldn't suggest you to proceed with this.

All the best, friends. I'm waiting for the price to drop for my third cycle. Doakan!

Buying and selling shares

Found this Figure that summarizes the process of buying and selling shares!!

http://richsnail.com/blog/how-to-open-a-trading-account-in-malaysia

Hope it helps!!~

Investment Part 2

It started with the frustation of working so hard to earn so much and ended up paying a lotttt for the loans. My student loans are a lot. Foundation + Degree + PhD, and yup I'm paying my PhD on my own.

I am not interested in business, not my strength. I just want some passive income.

So, the moment the company I'm working with offered me 6 lots (1 lot - 1000 units) of their share with the price of RM6.38 per unit, I quickly contacted a remisier from TA for a loan. Bought all 6 lots.

My rezeki, I signed the agreement just before the election and sell it once I got back from Goldcoast where the price went up because our previous government just won the election again.

Alas, my profit is RM2 per unit. Minus the remisier's fee, interest and etc, give me a clean RM11k. I dedicated all of the money for parents trip to umrah. I believed that is their rezeki because the moment I decided to bring them to umrah was the moment I received the share offer.

Along the way, I learned a little bit here and there on stocks. On some potential public listed companies; those that looks promising and those that offered superb dividends.

So, I opened up a CDS account of my own. Need just RM10 per account. And with the capital of RM5k, started to invest.

Bismillah.. The profit is for our (Love and I) turn to be the guest of Allah, in shaa Allah.

Never a day goes by without me thinking of this place :)

Investment?

I stayed with 6 girls in my lab for PhD. Girl power, y'all!

They were at least 7 years older than me. And ohh.. living their life so lavishly. Like a dream life for me.

So I wonder.. I mean if both Love's and my salaries were to be combined, we are in a category of high income (until you minus all the student loans, car loan and housing loans) and yet where do the money goes?

30% a month to ASB and Tabung Haji with around 7% dividend a year.

Am I happy with it? Oh yes at first. Not anymore when I met these girls.

One of them, the wife of a CFO.. inspired me a lot :)

So I started to study on other investments. I'm not interested in properties, too lazy to monitor. Not working for my dad, the tenant ran away, three months unpaid utility bills and the house was a wreck.

I started small, with gold investment. My choice..

Let me explain a little bit on gold. Bought it when the price was down; which was the lowest by far at that moment. And until today, the price is still going down :( If I sell mine now, I'd lose about 21% already.

Not mentioning how much hassle I went through for my gold purchasing to ensure it was syariah compliance, the worse thing for me is the spread.

Now what is spread?

Spread is the difference between the buying and selling price. And for public gold, around 7% ok. That's a lot. :(

I guess gold investment is not for me.

So I started with something else, which adds RM11k in my account last month. A total of 24% profit for me in less than a month! Rezeki Ibu and Ayah nak pergi umrah :) Alhamdulillah, thank you Allah.

How did I manage to do that? Will share it next entry, in shaa Allah.