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The $ecret of Investment Your Money 2007-04-06 06:27:11 For the first time ever, our managing director Mr Ken Lo (ICFA, CFP) will reveal all his experience and the strategies that he practices in the area of financial investment. With his experiences that he gained over the years as a financial planners he will write a series of articles on the the topic of "The Secret of Investing Your Money
". The topics which will be highlighted are all the common mistake and pitfalls in a investment and how to avoid it.
A Note from Ken Lo,
Over the years, I have seen so many people lose money in stocks, unit trusts, properties or business but I have also seen many people make good return from the same asset class of investments, during the same period of time. What when wrong with this people????
I will highlight all these pitfalls and investment strategies over a series of articles here. The below is some of the highlights of articles series:-
1. Believe in expert's predictions on the market
2. Buy investment that you don't understan
Recipe to Prepare Your Last Will and Testament. 2007-04-05 08:56:00 Writing your Last Will
and Testament
(Will) probably is one of the most important deeds you can ever done for your family and loved ones.
The consequences of one died without a Will are their assets will be frozen until the rightful beneficiaries obtained a Letter of Administration (LA) and must be granted before the Court could distribute the assets of the deceased. Without the LA, even the money of the deceased in the bank account cannot be touched by those who really need it, for example, to send children for education or for loan repayment. Hence, this will cause a lot of emotional stress, burden to the deceased family or beneficiaries.
Other than frozen assets, you hard-earned assets may not go to the people you want to inherit in the manner that you wish. Without a Will, the Law of your respective country will decide on who shall inherit your assets. For example, your sister-in-law may inherit part of your house together with your surviving spouse or children.
A proper Will will
Get insight into financial planning 2007-02-05 08:06:21 (Articles taken from TheStar Online newspaper)
WE NOTE with great concern your report, “Tighten rules, Government tells EPF” ( The Star, Aug 8 ) that EPF contributors have lost more than half a billion ringgit investing in unit trusts.
Firstly, we would like to point out that computing returns in investment is a more complex function than normally thought.
The nature of investment, whether it is long, medium or short term, the period over which the returns are measured, the risks attached to an investment product and the benchmark against which the returns should be measured are just some of the considerations taken into account when finance professionals discuss returns to get a full, proper and true picture of the performance of the investment.
Secondly, to generalise whether investment in unit trusts is beneficial or harmful to the EPF contributors is simplistic.
Again, many factors have to be taken into consideration in assessing the appropriateness of an investment for an Read more:planning
RM40 billion waiting to be given to heirs 2007-01-22 08:00:25 (Articles taken from New Straits Times newspaper dated January 22, 2007)KUALA LUMPUR: A whopping RM40 billion
. This is the amount of cash and non-cash assets left by the dead and yet to be claimed by their heirs.
Of this, land and property account for about RM38 billion; RM1.5 billion is with the Registrar of Unclaimed Monies; and more than RM70 million in the Employees’ Provident Fund.
About a million land titles are also still in the names of dead people.
Amanah Raya Bhd general manager of sales and marketing, Rafie Omar, attributed this sad state of affairs to the fact that most Malaysians die without leaving a will.
“The sudden death of a family member, without leaving a will, not only creates problems of inheritance, but also leaves the family stranded with outstanding loans and other obligations the deceased may have,” he said.
“Though the deceased may have left lots of cash and property, the family members cannot get their hands on them if there is no wi
Write a will before anything untoward happens 2007-01-22 07:58:33 (Article taken from New Straits Times newspaper dated January 22, 2007)
RAUB: Make sure you leave a will. That is the only way to stop the increasing amount of unclaimed cash and non-cash assets now estimated at RM40 billion.
Deputy Prime Minister Datuk Seri Najib Razak said the public, especially the Malays, should write a will on the division of their properties before any untoward incident happened to them.
It was reported that more than 90 per cent of Malaysians had not made a will, the majority of them Malays.
“I hope the exposure by the media will encourage the public to write a will,” he said when asked to comment on the New Sunday Times’ front-page article yesterday.
He said Amanah Raya Berhad had expertise in the distribution of estates but many were reluctant to refer to the agency for advice.
The article reported that land and property accounted for about RM38 billion of the unclaimed assets while another RM1.5 billion was with the Registrar of Unclaimed Mon Read more:Write
, anything
A true story about a person who spouse’s had pass away without a Will. 2007-01-02 08:01:19 Mary Wong’s Story(This is a true story
about a person
who spouse’s had pass away without a Will. All names are not the real names to protect the personal identities).
John and I met in East Malaysia. I was 26 and he was 32 when we got married in November 1992. As he was working in Kuala Lumpur (K.L.) then, I resigned from my job in East Malaysia and worked in a non-profit social organisation in K.L.
Perhaps like most married couples, the first few months were adjustment period for us. By the seventh month of our marriage, we thought that it would be good for us to change beneficiaries of our respective life insurances and to draw up a will.
I remembered that day so well - it was a Friday night after a meeting with some friends, he agreed that he needed to get his Will done the soonest possible and not allow busyness stand in the way. Unfortunately, he did not get to do it. The following day, while we were on the way to a friend’s house, a vehicle rammed our car from b
Change of correspondence E-mail 2007-01-01 08:03:34 Kindly take note that we have consolidated all of our correpondence e-mail into one account only. From 1st January, 2007 onward, all e-mail should be send to the address listed on our contact us page. Read more:Change
, correspondence
Latest MyWill Interactive Software Update 2007-01-01 07:56:01 To all MyWill Interactive software owner whom purchased our software before 31st January,2007. Kindly take note that we have updated our MyWill Interactive software to the latest version 1.1.
In the lastest update we have added the below features:
1. Now you can print all Wills document into a PDF file (Adobe Acrobat File Format).
2. Yearly renewable activation features included.
3. Fixed minor bugs on cash clause where the word “…THE SUM OF RM …” are repeated in Will clause printout.
From today onwards (31/01/2007) MyWill Interactive software had changed to a yearly(365days) activation basis. Upon expiry, user would required to renew their activation which is priced at RM200.
As our commitment to all MyWill Interactive users whom purchased before 31/01/2007, you would be given a lifetime activation(99years).
Kindly visit our website link below to download and install the latest copy of the MyWill iNTERACTiVE (version 1.1) software. After finish re-in Read more:Software
, Update
Our current contact details. 2006-07-01 09:19:59 Please be informed that we have moved our office to a new location. We are no longer situated at Taman Tun Dr Ismail, Kuala Lumpur.
You may contact
us at our new address and contact number listed below.
QUALITY CREDENTIALS SDN BHD (496655- D)10-2, Plaza Crystal Ville II,Jalan Sri Hartamas, 22A/70A Sri Hartamas,50480 Kuala LumpurMalaysiaTel: 6-03-6203 2892, 2894Fax: 6-03-6203 2825
Read more:details
All About Getting A headstart (in Financial Planning) 2005-07-01 09:21:22 Our Managing Director Mr Ken Lo talks about Financial
Planning Practices.(Article featured in 4E Journal, Vol.5, No.2, July 2005)
If you have just been licensed by the Securities Commission to practise financial planning and are currently at the crossroads as to what to do next in terms of starting a practice, you might just want to Give Ken Lo, the chief executive officer of Money Concepts Malaysia Sdn. Bhd. a call.
The reason: he has a tried and tested business model that may interest you.
Malaysian financial planning practitioners have been debating and experimenting with different business models since financial planning came to our shores. But to date, they have yet to find a model that truly works. The perennial argument of commission-only, fee-only or a combination of commission and fee models has created only one thing so far - confusion ill the marketplace - both to the practitioners as well as potential clients. There is a general feeling in the industry that water (in this c Read more:Financial Planning
Last Will And Testament Of Elvis A. Presley 2007-04-11 08:34:21 Let take a look of a comprehensive Wills written by the late Elvis
A. Presley. This Will is written back in the year 1977. Since this Will are written 30 years ago, it solely for your reading pleasure only and shall not act or used as a guide in writing your own Last Will
and Testament
.
Source From: Elvis Australia
Last Will And Testament of Elvis Presley
I, Elvis A. Presley, a resident and citizen of Shelby County, Tennessee, being of sound mind and disposing memory, do hereby make, publish and declare this instrument to be my last will and testament, hereby revoking any and all wills and codicils by me at any time heretofore made. Item I Debts, Expenses and Taxes I direct my Executor, hereinafter named, to pay all of my matured debts and my funeral expenses, as well as the costs and expenses of the administration of my estate, as soon after my death as practicable. I further direct that all estate, inheritance, transfer and succession taxes which are payable by reason under this
Common Mistakes That People Make in Preparing His/Her Last Will and Testament 2007-05-16 09:39:40 1. Too Complicated. Using Wills as a tool to solve all their trust and estate related matter
Wills should be straight forward. It should be a mechanism to transfer your hard earned assets to your selected beneficiaries. If you have large and complicated issue such as trust for your company properties, deal with it by using separate tools such as creating a living trust specifically for that.
The more complicated is your Will, the longer time it will take to be sorted out. Should you have large and complicated estate, we would suggest you to hire a professional financial planner to deal with it.
2. Fail to review their Wills when circumstances change
This is a common mistake where individual often have the impression that by making a Will it will serve its purpose for their entire life. A Will is recommended to be reviewed every 2 years or sooner especially when there are major changes in your life. For example, when you marry or re-married your existing Will Read more:Common
, Testament
Last Will And Testament of Princess Diana 2007-06-05 02:11:20 Today we take a look at Wills written by the late Diana
, Princess
of Wales. This Will is prepared four years ahead of time before she died tragically in a high speed car accident in the Pont de l'Alma road tunnel in Paris on 31st August 1997.
In her Will she appointed her brother and mother as the guardian to her under aged children. She left behind her estate to both of her son Prince William and Prince Harry in equal shares which will be held in trust by her trustees until her son reached 25 years old.
The Will below are solely for your reading pleasure only and shall not act or used as a guide in writing your own Last Will
and Testament
.
Last Will and Testament of Diana, Princes of Wales
I DIANA PRINCESS OF WALES of Kensington Palace London W8 HEREBY REVOKE all former Wills and testamentary dispositions made by me AND DECLARE this to be my last Will which I make this First day Of June One thousand nine hundred and ninety three
1 I APPOINT my mother THE HONOURABLE M Read more:Princess Diana
Are you frustrated with your investment - part1 2007-10-03 23:32:47 Our director, Mr Ken Lo released his first part of video on the topic of "Are you frustrated with your investment
".
This short video (7minutes 38 seconds) highlight the type of frustration with a typical investment of your money.
Watch this video video.google.com by clicking here.
http://video.google.com/googleplayer.swf?docId=-4544291432717228722&hl=en
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