New On FBM KLCI
A few things have been implemented into our new stock market starting from today.
New Tick Sizes for Securities Traded on Bursa Malaysia
Effectively from 3rd August 2009, securities traded on Bursa Malaysia will be having new tick sizes. The new tick sizes are smaller than the current tick sizes.
REIT – Real Estate Investment Trust
Recently, the investment term "REITs" come across my mind. I keep seeing news about REITs in newspaper, forums and personal blogs. A REIT or real estate investment trust is a real estate company that offers common shares to the public.
What is REIT? According to Wikipedia:
A Real Estate Investment Trust or REIT (pronounced /ˈriːt/) is a tax designation for a corporation investing in real estate that reduces or eliminates corporate income taxes. In return, REITs are required to distribute 90% of their income, which may be taxable, into the hands of the investors. The REIT structure was designed to provide a similar structure for investment in real estate as mutual funds provide for investment in stocks.
In Malaysia, REIT is a little bit different (source).
- 1. Investors' dividends will be taxed at investors' books.
- 2. Non-residents' dividends will be taxed at 28%. It is an upfront and final withholding tax.
- 3. There are NO explicit requirement of minimum payout ratio in the guidelines.
KLCI is now FTSE Bursa Malaysia KLCI (FBM KLCI)
Starting from today, KLCI is now known as FBM KLCI. The FBM KLCI is formed by 30 stocks in contrast to the previous 100-index linked stocks.
Today's market opens low, fell 6.02 points to 1072.69 at 11am. The market seems to be very "quiet". Is this the effect from the new FBM KLCI? Maybe everyone just wait and monitor.
Monthly Repayment for Housing Loan
Every time when I reading newspaper or websites and come across advertisement about properties (e.g. houses or shops), I always think how much I will need to pay monthly if after I got a loan from bank. And also what if I put more down payments, what would be my monthly repayment? Will it be much different?
New FTSE Bursa Malaysia KLCI
The new FTSE Bursa Malaysia (FBM) KLCI will replace the existing one, KLCI which is 100 stocks, with 30 stocks, effectively July 6, 2009.
GENM
The stock RESORTS (4715) has been changed name to GENM or Genting Malaysia Berhad. The main purpose of the change is to reflect the company's primary country of listing, origin and current operations.
Trade Online With Cheaper Brokerage Rate At HLeBroking
I have a pretty good experience using HLeBroking. HLeBroking is well known with its system performance and low brokerage rate. I'm quite satisfied with their service and system performance.
Recently I found that there is a new promotion for new customer who signs up HLeBroking. The promotion's brokerage rates are 0.38% for RM100,000 and below, 0.19% for RM100,000 above and 0.10% for intraday trade.
Maybankard Ezy Cheque – Will You Take the Offer?
I received a Maybankard Ezy Cheque yesterday. It is a cheque with amount of RM2,000. You can get extra cash by simply bank in the cheque.
There is no document to fill in, no waiting approval and 0% interest-free for six months. You will need to pay back (by charging to your credit card) the money within 6 months, RM333.33 each month.
It is an interest-free for the installments but you will need to pay the cash advance fee which is RM77.60 (3.88%). Will you take that offer?
Personally I think it is not worth to take it unless you need the money urgently. The cash advance fee for credit card normally is around 18% p.a. So it is consider cheaper to take the Ezy Cheque than to take credit card's cash advance.
If the cash advance fee is 2% or less, I think I will take it because I can use the money to invest in stock market or mutual funds, where I think I will get a better return on the investment (more than 2%).
What Have You Done to Achieve Financial Freedom?
I think most people may have a same dream in their life - to achieve financial freedom. I am having the same dream too.
Financial freedom means that you are in control of your money, rather than it controlling everything you do. It's a long journey to achieve freedom: learn, fail, learn and fail... the only success.
What have you done to achieve financial freedom?
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