New great financial website

I found this great Malaysian website. And suddenly drawn to one of the post. The author wrote:

The five mistakes we have talked about so far are:-
- Not paying myself first
- Not forming or joining a correct peer group
- Not having a written budget
- Not managing my career properly and
- Not getting the best deals on my mortgages
There is more.
The next one is “foolishly selling my long term investments without proper evaluation and soul searching”.

Thank you for sharing the list. Mistake can be the greatest teacher in life.

Countries visited

create your own visited countries map
or vertaling Duits Nederlands

The countries: Britain, Scotland, Wales, Ireland, France, Italy, Switzerland, Spain, Turkey, Singapore, Brunei

PIOF performance 23Nov to 5Feb

I guess I just need time. Let the graph fall and let it rebounce back (bottom figure). Anyway, it just 2 months since I placed my cash there. It needs time to grow and to get momentum. Huhu. Compare to what happens if I start invest since the first day PIOF was launced (top figure ). The total return from 28 Jun 2005 to 05 Feb 2008 is 77.91%. That is in about three and half years.

Stock Market Index

I am investing in Public Mutual unit trust. Thus, I always using the online performance chart to see the ups and downs of my fund. The company has done a great job by presenting the performance using chart, which i finds realy helpful and easy to understand. Well, on each performance chart, there are two lines indicating the fund performance and marke index performance. I never try to find what that Index line is trying to show. I always assumes that it shows the average performance of stocks in that particular category. So, I better get a clear definition on what the line try to represent.



As usual, goggling the definition of stock market index....



Definitions of Stock Market Index on the Web:

• A representation of the value of securities that constitute a given market sector or industry. Indexes often serve as barometers against which ...www.confidentstrategies.com/glossary.htm


• An index shows how a specified portfolio of share prices are moving in order to give an indication of market trends.www.maaklmutual.com.my/ASP-bin/Public/mutGlossary.asp


• stock index: index based on a statistical compilation of the share prices of a number of representative stocks wordnet.princeton.edu/perl/webwn


• A stock market index is a listing of stocks and a statistic reflecting the composite value of its components. ...en.wikipedia.org/wiki/Stock market index

Back at base, Mountain of Oil, Turkmenistan

Yeahh...I am at the base now after 2 weeks of night shift at Burren's rig. I was rigging down yesterday whe I just finished my night shift. Which means I havent sleep for 24 hours. hehe...

I just want to have an easy day today and feel like blogging again. I realised that the economy is not so good at the moment. The SLB share dropped from almost USD100 at th end of 2007, to USD74.86 today. maybe this s a good time to buy more stocks for those who has spare cash. The SLB stock price, I believe will get better soon.

The same story goes to US Dollar. Dollar gets weaker day after day. Today, the exchange rate (from xe.com) is USD1 = RM3.23. Since my salary is in USD, I think it is not a good time to transfer my money to my Maybank account in Malaysia. I can easily lose money as the USD gets weaker. This effect will be of great significant when I transfer a large sum of money. So I will wait for USD to get stronger, but I do not know when. Well, after back of envelope calculation, I think it is not worthy to transfer the money now, and lose few hundred Ringgit, eventhough it is good if I can dump my money in unit trust at the earliest opportunity that I have. I think I will transfer the money when USD1 is equaivalent to RM 3.30 or more. we will see later.