Why do Credit Cards charge your future usage ?

From time to time, we may heard news that more and more people are unable to pay their credit card debts. As a result, credit card companies must be earning a lot of money in return. On the contrary, credit card companies have been facing quite some challenges.More and more...

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Malaysia Personal Finance - Part 2 Amanah Saham

It was mentioned before that EPF in Malaysia is one of the best things that happens to ones personal finance, because it saves automatically even before you can lay a hand on your money - the main principal of Automated Saving System - ASS.But not everyone works for someone....

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Comments on Jupiter 2010 stock picks

Faber Group was one of the worst run businesses of all time. They wanted to do 'everything' and ended up achieved almost 'nothing'. Its one of those stories who involved in property development and didn't quite make it. The whole restructuring exercise took more than 5 years...

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Living Standard @ Personal Finance Level

Like inflation, Living Standard can be a big number where GDP, poverty rate, income growth inequality, life expectancy are involved. But as far as personal finance is concern, what you should really care is your very own personal living standard.Simply put, living standard...

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Jupiter Online Stock Pick for 2010

Just came back from Jupuiter Online seminar, some of their stock picks for the year of 2010 are:ZhulianFaberWellCall HoldingsSapura CrestAtrium REITTSM GlobalParamount CorpKurniaTalk given by: Pong Teng Siew.Actually he mentioned these are short to medium terms recommendation...

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Mutual Fund of the year 2010 ? By the numbers ...

In 2009, about 10 mutual funds thats worth looked into were selected out of 530 choices in Malaysia. Today lets take a look at how they performed in the past 6 months. Below chart shows their respective return in percentage. From past 1 day, past 1 week, past 1 month etc.The...

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KLSE Technical 2010-01-21

I have stopped stock market talks for a while based on comments received in the past. But about 20% of the old readers unsubscribed following that. So I am guessing there may still be some silence readers who love stock market talks. And I feel very itchy not to share my...

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Mortgage vs Loan

Very often the terms mortgage and home loan are used interchangeably. Although it might not cause big harms but understanding the difference may bring positive impact to your personal finance ie. in Property Investment.In fact, mortgage is the opposite of loan.When you need...

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HLA Guarantee 12.5% saving plan

Hong Leong Assurance offers a plan that guarantees 12.5% return. Basically you only need to save $3,932 for 6 years and you are guaranteed to receive $500 every year starting from the 1st year for 35 years.So 500 out of 3,932 is more than 12.5%$500 x 35 years would give a guarantee...

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Charge your future usage : how did it happen ?

The way credit card companies forward calculate interest has sicken many users. Together with the 5 cents round up mechanism, there are cases where its not even the users fault not to totally pay off their last month balance.Some are still in shock how consumers can be abused in such a way. Well, this is how ...Credit card companies used to charge...

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5 cents Round Up mechanism

Most of the Malaysians are already used to the 5 cents round up despite how silly some of the transactions could become.BNM has already clearly stated that this only apply to cash transactions where we are trying to get rid of 1 cent coins. But it is obvious that even if you are paying with credit card, check and online transfer, most of the retailers...

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Credit Card forward calculate interest

If you have a remaining unpaid balance of $0.01 in your credit card from last month,and then you use $1,000 this month ...You may think the interest 18% should be imposed to your 1 cent balance which is ignorable but in actual fact, the interest is calculated based on your future expense as well. So ...$1,000.01 x 18% -> pro rate to 1 month =>...

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Different types of retirements

There are many ways to retire. Some are easier than others. And some still think there is no way they can retire at all :)There are 2 main factors in retirement;1. IN : how much do you have and2. OUT : how much will you use during your retirementSo naturally if you have more...

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Some data on Malaysia Property

First of all, Malaysia property is one of the cheapest in the region ... so smaller foreign property investors ( less than 10 millions) who are interested in this region may be interested in us.Our rent is also low ... so its rather easy to rent a place and start business here....

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New Sabah Property : HOT !

Famous Feng Shui sifu said that new sabah property is going to continue to be HOT for the next 20 years. As a matter of fact, he refers to both Sabah and Sarawak. Some may have already seen that properties development have been on the rise in East Malaysia for some time now...

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Best Retire Young ? How possible is it ?

Is it best retire young? Have you ever heard some people retire early at their 30s ? Do you think they got lucky or they must have own some businesses to become rich before they can retire ? Here are the stories of 2 persons who retired at their mid 30s and they only have...

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