Surplus sharing from Etiqa Takaful Motor Insurance

Owning a car,you have to pay for petrol,maintenance,road tax and insurance,any of them could make a burden. Etiqa Takaful Motor Insurance does have a “Takaful and Surplus Distribution” clause which could ease a bit of stress.

I just received my cheque amounting at RM 100.8 from Etiqa. It’s the surplus sharing for the last year’s participation. I remembered that I paid RM1200+- for the total coverage and so I consider it as a 8.4% rebate. Continue reading Surplus sharing from Etiqa Takaful Motor Insurance

Leave OR Stay?

It’s time to talk about shares again. Last month, the sudden drop in the share market definitely shocked most retail investors. I know that some people lost more than 30% of their total investments in only 3 days. However, some of them might take the opportunity to get some bargains. As a small investor, it’s very important to know when you need to absolutely stay away from the market and when you need to keep staying to catch the fishes because small investor only has limited funds and sometimes a small mistake to them could lead to a dead end. Congrats to those wise and lucky people!

I only bought very small amount of shares during that bargain period because most of shares in my wish list didn’t go down to the prices that I prefer. Well, just wait for next time.

Currently I plan to sell some AirAsia X and Huayang shares in the coming days.

For AirAsia X, I always believe it will have a bright future. However, the buildup still needs some time and it causes the unstable share price as the fundamental is a bit weak although the oil price maintains in a low price range. The downside is 1) The economy hasn’t reached what people expected. 2) Some new routes will be introduced in months and initially it will drag the performance. I just hope the management could do it better than last year. No doubt that the management of AirAsia and AirAsia X is very good at control the cost. Continue reading Leave OR Stay?

My investment portfolio – Oct 2014

investment portfolio oct 2014

Property market is booming in Malaysia as demand is still strong,especially in affordable housing sector,which Huayang is focusing.For the rich, they always think of getting a better living environment. Weida is new to property sector,but I saw the potential it has(the location of land bank). In my current portfolio,more than 60% are property related stocks. Continue reading My investment portfolio – Oct 2014

[Guest Post] 5 Tips to Make Your Credit Card Work For You

Are you keeping your credit card in your sock drawer – scared of what debt nightmare debt you can accumulate from using it? If you want to make your credit card work for you, keeping it stashed and hidden away from the world where it’s supposed to be isn’t the way to go. The first step to making the most of your credit card is to use it. With these tips, you will definitely be able to take advantage of the wonders this little plastic card has to offer:


1) Keep an Eye on Your Credit Score

There’s something we all know about scores: the higher the better, so that means you should aim to keep your credit score high and active. If you’re still wondering what the hype on credit score is really about, simply said, an excellent credit score makes it easier for you to get a loan approved. Just because you don’t need a loan now, it doesn’t mean you won’t need it in the future. Having a good credit score tells the lenders that you’re worth lending money to because you have the capability to pay it back.

2) Keep your credit card balances low.

Not only is this good for your credit score, but it will also give you peace of mind. There’s lesser risk that things will blow out of proportion and give you a nasty surprise. This also goes for your other balances.

3) Work at paying your debt.

Try adding a little more to your required minimum payment every month. Pay as much as your budget will allow. This would definitely allow you to change or reassess your spending habits. If you can’t eliminate all your debt at once, aim to make it smaller. It also helps to clear off the interest that you’re supposed to pay in your credit card bill. Continue reading [Guest Post] 5 Tips to Make Your Credit Card Work For You

[Guest Post]The Current State of Credit Cards in Malaysia

Malaysia’s Central Bank, Bank Negara Malaysia, has published a report that gives a picture of the state of credit cards in Malaysia. The bank’s Financial Stability and Payment Systems Report 2012 shows that the number of credit cards and accounts in Malaysia is at 8.07 million, down from the 3.9% from the previous year’s figure of 8.21 million. In fact, the number of credit cards and accounts in Malaysia has been falling since 2008 when that figure was at 10.812 million, followed by 10.818 in 2009 and then saw a big drop in 2010 to 8.547.

credit card business compare hero

The same is not true for debit card accounts in Malaysia, which has seen a lot of growth since 2008. In 2008, the number of debit card accounts stood at 24.44 million and it has steadily increased to 34.99 million in 2012.

Just to compare the state of credit cards in Malaysia with internet banking, we find that the number of internet banking subscribers in Malaysia doubled from 6.19 million in 2008 to 13.657 million in 2012. Mobile banking saw a more impressive growth in Malaysia, the number of mobile banking subscribers in Malaysia reached 2.45 million in 2012 from just .58 million in 2008.


Charting the trends in the transaction value of credit cards, the report shows a steady increase in this figure from RM 65.29 billion in 2008 to 94.08 billion in 2012. The highest growth is in purchases which grew 6.9% in 2012 from the previous year, but cash advances fell 18% in 2012 from the previous year. Debit cards saw a more impressive growth in transaction value since 2008 when the figure stood at 3.06 billion.

Credit Card Regulations from the Bank Negara Malaysia Continue reading [Guest Post]The Current State of Credit Cards in Malaysia