Justunittrust | Your Financial Advisor
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con't from Part One. OUR FBMKLCI January - December 2010 : B-E-A-U-T-I-F-U-L uptrend with only hiccups in months of February & June....

  • Malaysia - subsidy rationalisation program starting with petrol & diesel prices (up 5 sen), LPG natural gas (up 10 sen) and gula (up 25 sen). BNM increase further OPR to 2.75% to further suppress inflation and prospects of asset bubble driven by too much liquid or "hot money" in the system.
  • China - 2Q'2010 GDP cooled off slightly. The USA economy continue to recover further, although unemployment remain stubbornly high (with jobs mostly relocated to China and Emerging Asia economies) while Euroland emit a sign of relief from its high debt issues.
[if government spend banyak - subsidizing pencen, health benefits, dan lain-lain, Malaysia too can end up like Euro zone. Thus, I am a strong supporter of Idris Jala reforms. Love ya moves !] [Jas : berangkat ke tanah suci Madinah & Mekah pada tanggal 30 July untuk menunaikan Umroh.... spiritual pleasure] August
  • Malaysia - RM hits high of 13 years vs-a-vs USD with Malaysia 2Q 2010 GDP of 8.9%.
[Jas : pulang ke tanahair tanggal 14 Ogos... Kaabah is so ELEGANT and perasaan sebak dan sedih meninggalkan Makkah Mukarammah... boo hoo hoo] [JUST : bulan Ramadhan kebiasaannya kurang aktivit keduniaan, dengan harapan aktiviti spiritual dapat dipertingkatkan] September
  • Malaysia - RM hit a further high vs-a-vs USD at 3.10 and BNM maintained OPR at 2.75%
  • Malaysia's Economic Transformation Programme (ETP) revealed - outlined key economic targets for the next 10 years.
  • Malaysia declared new holiday "Satu Malaysia Day" on 16th September every year.
  • China - Yuan under further pressure.
[Jas : Seronok berhari Raya Aidilfitri di Kuala Lumpur, zero traffic jam but sedih takde kampong. Tak macam sambutan raya "as seen on tv"... Exam UPSR, semua kaum ibubapa stress dan pressure naik ... Melawat Spain - Barcelona dan Madrid. Fell in love with Jose Maurinho]

Perasaan saya untuk meninggalkan 2010 ? "PUAS"... banyak telah terjadi, dapat pengalaman baru dan berjaya memerdekakan 2 Group Agency Manager dalam satu tahun. Seronok nak jumpa tahun 2011. Apa yang "PUAS" sangat ? Iqra' lah... What a way to end the year – Hurrah ! Awesome ! Congrats to the Malaysian Tigers for winning bolasepak last night at the AFF Suzuki Cup final. (I’m not a football fan, but can’t help feeling the excitement and energy of “Malaysia Boleh!”) And indeed the “Malaysia Boleh” spirit was evident in the Malaysia economy and the Emerging Markets of Asia showing a strong growth of recovery. Major economic events, especially at home over the year and perhaps lesson learnt follows next. January • Malaysia - Overnight Policy Rate (OPR) started at 2% (historical low), the FBMKLCI at around 1280 (DJIA 10600, HSI 22500) • China continued growing at a fantastic rate (Q4’2009 at 10.7% yoy) while the US rebounded with “green shoots” from the sub-prime crisis. Euro zone plagued by debt issues of the PIIGS and government pressured to trim spending [Jaslinah & JUST : a newborn Group Agency Manager was delivered “Arif Ismail” – the Caliph of Caliph group] February • Malaysia – officially declared out of recession; with GDP 4Q’2009 at 4.5% yoy. • China and India start to “worry” about inflation simmering & possible overheating and asset bubbles forming. • Political tension in Thailand. • US continue to be worried over its high near 10% unemployment rate; despite “green shoots”. [Jaslinah & JUST : Birthday x 2. Jas conducted talks at Johor Bharu & Kluang branch of PMB] March • Malaysia – OPR raised to 2.25% by Bank Negara Malaysia (BNM) as a pro-active move to suppress inflation and normalise interest rates in Malaysia (shucks ! we’re not so Islamic after all…) • Malaysia – Part 1 of the New Economic Model (NEM) revealed; on strategies to achieve high-income nation status by year 2020. Postponement of GST (sales & service tax) to maybe Q3 of 2011. [ Jas’s thoughts – the GST (sales & service tax) is a more efficient way of taxing people based on their spending, and not on their income – this will drive people to spend more wisely (contoh – makan at hotel, sure kena GST, makan at warong, no GST) and not penalize orang-orang yang rajin bekerja dan berpendapatan tinggi] • US – maintain interest rates near 0% to accommodate economic recovery • Observe widening of interest rates differentials between developed aconomies and emerging economies. [Jas’s thoughts : when interest rate naik, matawang bertambah mahal (more value) berbanding matawang lain; so mengakibatkan lebih banyak dana masuk Negara yang matawang lebih tinggi’ Kalau tak control, mungkin invite spekulasi terhadap asset seperti stock market dan property] [JUST : booth 7 hari di Mydin Subang]

Failure to plan, is a "Plan To Fail"

Soalnya, if you do not want to fail, then how do you plan ? How does one plan to succeed ? We know that salah satu ciri orang yang berjaya dalam hidup, especially those yang berjaya pada usia yang lebih awal, do plan their success. Kekadang, memang its purely luck - but honestly berapa orang yang dilahirkan lucky ? Its easier to take charge of our own life - bertanggungjawab ke atas diri sendiri. Be the "cause" (penyebab) and not the "effect" (akibat or sentiasa redha dan terima keadaan). I spoke of this in our recent brainstorming session and surely, ada yang tersentak dan kurang senang dengan kenyataan ini. That's life ! So go get real ! Back to planning. In life there are some sure things that we can plan. One of which, soal simpan dan melabur wang. Nak tahu kenapa orang dolu-dolu kata "sedikit-sedikit, lama-lama jadi bukit ?" Buktinya, kalau buat Plan A, atau Plan B atau Plan C anda pasti punye kehidupan yang bebas beban kewangan. Mulakan dari usia yang muda dan biasakan diri anda dengan disiplin kewangan.