Red chip mah. What to expect?

It is a big joke to say China is in awkward position. China is enjoying the show with popcorn in hand. The longer Ukraine War drags, better for China. Other than Ukraine self-inflicted injury, US and Nato is not much better. Nice to see these bullies bleeding to death.

Budget 无惊吓.It is ok for share market at least this year. Should see things improving gradually unless US starts the war in Taiwan Strait or South China Sea.

Banana man on display!

Why Blinken need to travel all the way to Munich just to kowtow to Wang Yi?
Why Yellen die die must meet up with Liu He in Davos?
Why Biden die die must send his machai Blinken to pave way to have a telephone communication with Xi?

All the answers will lead to US is heading for bankruptcy. T-bill is no more saleable.

A bankrupt country can do nothing but to plead guilty to his foe. Biden is no exception.

Whether Putin can revive Soviets glory, we don't know. What we are 100% certain Biden will bring US to holland before his term is up.

For the time being, at least for next 5 years, we will have political stability in Malaysia.

Don't wait till FED start to lower the interest rate to buy your dream home. By then Malaysian house price will have increased by 20 to 30% from the rock bottom.

Look for property counter that has credible Board of Directors, financially strong developer with healthy cash flow, financially strong major shareholders that do not pledge their shares under nominee account, strong management, and low land cost. Not to forget for landed properties, land cost could be around 30% - 50% of development value, whereas high rise development land cost could be anything from 15% to 30%.

Safe to buy property now. You have 3 choices:-

1. Buy physical property as prices had never increased for 7 long years. Inflation effectively have given you hefty discount.

2. Buy Reits. That is equivalent of buying commercial/ industrial property at badly beaten price. For those still survive, they will be on the way to make more money.

3. Buy property counters. Price to book value is at record low.

Property prices see a double digit jump in 2023. https://www.theedgemarkets.com/node/656367

When China announces it is giving full support to Russia, that is the time PLA will be mobilized as Tier One standby.

Enough is enough. It is now time to show hand. Two years ago in Achorage, China top diplomat already made things clear US can no longer bully China, and China won't accept US way to demand anything from China. US could no more exert its military might upon China. Recent meet-up in Munich Wang Yi strengthen further China is ready to take US head-on. Xi Jinping now retaliates against any US aggression with equal magnitude without the need to think twice. Trade war, economic war, tech war , currency war, or cold war or hot war is not anything out of reach now. Better be prepared for any eventualities that may occur. What can happen will happen, just a matter of when.

Ukraine war the longer it drag, Ukraine will suffer more, Europe will suffer more, US will suffer more. It is actually good for China as time is on China's side. Better 5 or 10 years down the line, China will be more prepared militarily and economically to engage the US.

Anyway, Ukraine War has nothing to do with China. Who instigated, he will be the one responsible to find way to end the war. China has no obligation to clean the shit left behind by the US and Nato.

Kampong Baru Redevelopment is not urgent. Can postpone for another 50 years. By then, TRX development would have completed with all properties occupied. Bandar Malaysia could be near to he tail end of development. Kampong Baru land price could hit 5k per square foot. Happy ending to all.......

E&O faces new survival challenges. Now PSI seems to be coming to life. New growth area in Penang shifted to South/ Southeast near to Penang bridges and Batu Kawan.

https://www.thestar.com.my/news/nation/2023/02/21/penang-islands-project-wins-award-for-low-carbon-city-plan

China Foreign Ministry never respond anything from Blinken's tweet. Simply as if Blinken was just transparent, and there was no such meet up with Wang Yi at all.

Blinken can say what he wanted to say. Chinese Foreign Ministry has no knowledge of such meeting.

Do you know how childish Blinken is? Get the answer from the video below. https://www.youtube.com/watch?v=Y0fQTgmPi8w

What will happen if Wang Yi just refuse to meet up? Who is going to lose face?

Chinese always very kind to take good care of other's face, but the one who received favour has acted like the snake in the story Farmer and the Snake.

Post removed.Why?

https://www.theedgemarkets.com/node/655833

The so-called financial planner in Hongkong suggest if you want to live on HK$ 10k a month, you need to have HK$ 2.7 million, or 270 months of monthly expenses (Watch below video @ 13:27), or 4.45% ROI. You will have to work until 65 and to live another 17 years after retirement.

https://www.youtube.com/watch?v=4ILXzHJJEr0

Don't wait till FED start to lower the interest rate to buy your dream home. By then Malaysian house price will have increased by 20 to 30% from the rock bottom.

Safe to buy property now. You have 3 choices:-

1. Buy physical property as prices had never increased for 7 long years. Inflation effectively have given you hefty discount.

2. Buy Reits. That is equivalent of buying commercial/ industrial property at badly beaten price. For those still survive, they will be on the way to make more money.

3. Buy property counters. Price to book value is at record low.

That could be the reason right now even having tension between US and China, Malaysia still stand to benefit from inflow of hot money and FDI. We are going to have higher favorable trade surplus for 2023.

For the time being, at least for next 5 years, we will have political stability in Malaysia.

Unlikely to have another backside PM for next 5 years! Traitors already beaten flat. Sabah and Sarawak katak will not lompat again as they are already well fed.

So must go for Ekovest?

FDI all gone into Batu Kawan Penang. How come you don't know?

It is blessing in disguise. If not because of traitor sold out Malaysia voters 3 years ago, Malaysian economy would have been even hit harder. Market already close to rock bottom then. Many were waiting by the sideline. So downside for Bursa was much lesser when Covid struck. More important aspect were the banking and housing sectors when people simply not committed to buy property, thus avoid catastrophic blow to them. Likewise, property developers and contractors were also saved by the bell.

Told you selling into strength was on 14 Nov 2022, it was at 99.5 sen. Not asking it to break any price, so black hearth white heart has nothing to do here.

Nov 14, 2022 9:26 PM | Report Abuse

So what should we do? Glove manufacturers for sure won't be making profit over next few years until fly-by-night all close shop, PLUS overhanging glove inventories (over stocked by hospital lah) has depleted. I am of the opinion best to leave glove stocks alone till they start to show profit again. Sell into strength and you won't regret.

Taking Q from Harta latest QR, Top Glove expected to report rm 250 million losses in coming Quarter Result.

You know what had happened?
1. Blinken was denied entry to China and not allow to meet up with FM of PRC.
2. US Defence Secretary try to speak to PRC Defence Minister but not entertained.
3. Finance Secretary Yellen tried to persuade Chinese side not to sell US T-bill and to help buy more, but PRC side just ignore.
4. Katherine Tai tried to meet Liu Her but not given the opportunity.
5. PRC demanded to return balloon to China as it is asset belong to China.
6. PLA will respond to US plane/ship in similar way as to what US has done to the balloon.

Don't waste time on Red Chips.

Fail to plan is plan to fail. Do you want to fail in life after retirement? Do you want to work till you drop dead? Is your retirement plan is realistic and achievable? Don't have a half past six financial planning that will ultimately fail you at the end of the day.

Read this article carefully. Always remember your future money 1 million is amount to nothing when you eventually retire in 20 or 30 years. Act now or you will regret for the rest of your life.

https://www.thestar.com.my/news/nation/2023/02/02/from-fire-to-mere-embers

You will be better off if you already have a mortgage free housing, that could really reduce your spending by 15 to 18% of total expenditure. Better still, by the time you retire, you have 1 or 2 more properties.

If you are having 3 properties by the time you retire, sell one and put the proceed into Reits (low risk medium gain), keep one for rental income, last one for own stay.

Why just ask for 7% ROI?
1. It is achievable.
2. For every 10k you earned prior to retirement, you will have to deduct income tax, EPF and set aside some saving (for investment, housing loan etc). Very likely you only spend up to 50% of what you earn for routine expenses.
3. From the 7% passive income, you only spend 5% which is the actual amount you spent prior to retirement.You add the balance 2% to your capital to counter inflation.
4. You may want to replace your car every 8 years. By not spending all the 7% passive income, that 2% may come handy when you are in need.

Rule of Thumb is to have saving equivalent to 120 months of your last month salary (Income). If your last drawn pay is 10k a month, you need to have 1.2 million net of liability.If your last drawn pay is 20k, then you need to have 2.4 million savings when you retire.

Hopefully you can generate 7% return consistently. You spend 5% of ROI, leave additional 2% and add to the balance of your nesteggs.

Careful planning is required a accumulate your wealth as early as possible. Fail to plan and you will be living under poverty for the rest of your life after retirement.

Purchasing power of future money will not be the same after taking into inflation (very high at present) and the risk of exchange rate fluctuation.

For those who earn 8k a month prior to retirement, if you expect him to live on 8-10k a month, surely he will live a better life after retirement.

For those who earn 50k a month and spending 30k every month, asking him to live on 8-10k budget will drastically lower his quality of life.

So whether having 2 million or 1 million is good enough for to live another 30 years after retirement doesn't make any sense. All boil down to your spending habit and your earning power/saving discipline/ability to generate passive income after retirement.

Also need to factor in inflation/periodic replacement of one off big ticket item like car/long term care/ medical expenses for the old age.

Easy come easy go

That could be enough to buy a yacht, but no money to maintain it.

How can you achieve financial independence by the time you retire (or even earlier)?

What is your definition of achieving financial independence?

What about for you to retire today?

What about for you to retire in 10 years time? 20 years or 30 years?

What is 2 million when you finally retire in 35 years from today?
What about 1 million?
Can that amount see you through for another 30 years (60+30) assuming by then average lifespan will then be 90.

How to save 2 million?
How to save 1 million?

Here are the 2 million and 1 million experts.

https://www.thestar.com.my/news/nation/2023/01/28/stretching-the-retirement-ringgit

https://www.thestar.com.my/news/nation/2023/01/28/how-to-be-penny-and-pound-wise-for-the-golden-years

Many experts say 2 million is enough. Many experts say minimum is 1 million. What do you think?

When a former PM lost his deposit, everything would not be right. Why candidates from his party all lost deposit? He is the only person fit to give excuses. His party candidates won't spend on election campaign, others did. Candidates from his party came clean, others not.

Worst still the Directors favoured self-enrichment scheme.