Nadlique's Blog of Financial Freedom
My Mission= To be Financially Free; My Time Horizon= 9 years; My Blog's Purpose= The Account of my Journey Towards my Goal
I’ve been trading for quite some time now. Paper trading as well as REAL trading since I was probably 19? “Play-play” trading for even way before that.
I’ve decided recently to take an R&R for a little while. Situations have changed and will change even further in the next few months. Hence, I need to re-evaluate my position and make a few changes to my trading plan and objectives.
I read an article about what you should do when you win the lottery. It was written by a well-known financial planner based here in Brisbane.
Now, setting aside the lottery part, just imagine ourselves in that position. What would you do if you were to receive $1 million dollar tomorrow?
If it was me, perhaps I would:
– Leave the money in FD-like accounts until I graduate.
– After graduation, I’d take out some to pay for my CPL/IR and Flight Instructor Rating Course.
– At the same time, acquire some investment properties and also set up a share portfolio.
It sure is nice to daydream huh? 😀
When I first started trading and going into small-time ventures here in Australia, I had set an objective. I told myself, when it’s time to return to Malaysia, I was going to bring back a Mercedes SLK 200 Kompressor with me. Hehehe 😛
I’ve done many trades since I first began participating in the financial market a number of years ago. But I have to say that this particular trade was the most memorable one.
What company did I trade? It was Zinifex Ltd., a mining company that has since been taken over by another company.
One of my biggest passions is the financial market. The financial market gives me joy and satisfaction.
Similar to photography and flying, I was interested in shares since I was a kid. I didn’t understand a thing about shares of course but I was intrigued nevertheless. I did try to ask my father about it but I didn’t really grasp the full understanding of what shares were all about.
Often, I kept on insisting my dad to buy some shares for me but those requests were always responded by “Nak beli ada duit ke?”. Hehe 😛
As I’ve said before, having an emergency fund is in my opinion one of the most fundamental things that one needs to do in one’s wealth-making journey. Read about them in here and here.
Again, what is my emergency fund for?
1. To cover those UNEXPECTED medical expenses. Maybe because of problems in insurance claims and etc.
2. To cover my monthly expenses in case I get laid off from work.
3. Really, to cover those UNEXPECTED expenses.
In preparation of my return to Malaysia, I’ve been looking at ways on how I could trade CFDs and international stocks/securities from Malaysia.
Do you guys have any idea?
I had a look at IG Markets Singapore and City Index Asia but I have yet to contact them on the procedures and requirements involved.
I had a look at my Public Mutual online just now and it seems like things are somewhat recovering.
I’m about 10% away from point of breakeven.
I find it rather hard to believe that it recovered rather quickly. If things can rise this quickly, I’m sure that things can go down again just as fast.
So far, total investment has gone down by around 15.52% since the start of the investment. Note, this refers to my unit trust investment only.
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The data below was gathered on the 11th July 2009.
Public Far-East Consumer Themes Fund (PFECTF) >> Up 1.1% since the start of investment.
Public China Ittikal Fund (PCIF) >> Down 28.2% since the start of investment.
Public Asia Ittikal Fund (PAIF) >> Down 22.64% since the start of investment.
Public Islamic Dividend Fund (PIDF) >> Down 19.81% since the start of investment.
Public Far-East Property & Resorts Fund (PFEPRF) >> Down 19.74% since the start of investment.
Public Islamic Asia Dividend Fund (PIADF) >> Down 25.49 since the start of investment.
Public Islamic Enhanced Bond Fund (PIEBF) >> Down 1.06% since the start of investment.
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Weightings of each fund:
PFECTF: 24.8% of portfolio.
PCIF: 20.7% of portfolio.
PAIF: 17.4% of portfolio.
PIDF: 17.4% of portfolio.
PFEPRF: 8.3% of portfolio.
PIADF: 4.1% of portfolio.
PIEBF: 8.3% of portfolio.
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Disclaimer: This article is not a specific nor general advice on managing or investing your money. This article does not constitute a recommendation nor does it take into account your investment objectives, financial situation nor particular needs.
Have a look at this video:
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This blog is about the journey of a 33-year-old Malaysian towards financial freedom. This blog was started back when the blogger was 21 years old. However, his journey towards financial freedom had begun way before that. Materials such as investing, business, entrepreneurship, equities, and real estate are presented. The author also posts his thoughts and observations on life in general. At the moment, the focus of this blog will be about his schools and his passion. Read More…
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