How to Ask for a Rent Discount from Your LandLord?
KCLau.com » Stocks
by Ian Tai
4d ago
Here is a situation.  Assuming that you’re a tenant who rents a condominium unit at RM 2k / month presently. 2 months before the tenancy expires, your landlord wishes to hike up 10% of your current rent to RM 2.2k / month. So, what could you do? Are there other options than to extend your rent at RM 2.2k / month?  As I write, I’m a homeowner, a landlord and also a tenant.  Such allows me to view this situation from multiple angles. For a start, irregards to one’s position, be it a landlord or a tenant, all of us want a good deal. No one likes to be taken for a ride. Landlords wa ..read more
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How Speaking Multiple Languages Can Boost Your Financial Success
KCLau.com » Stocks
by KCLau
1w ago
A few months ago, the team from Philip Capital Singapore visited me in Taipei. It was a memorable encounter, not just because of the productive discussions we had, but also due to a fascinating observation by one of their members, George. As we conversed in a blend of Mandarin and English, George remarked, “Taiwanese like how we can speak a sentence with mixed language.“ This comment struck a chord with me, highlighting a cultural phenomenon even more apparent in Malaysia. In Malaysia, it’s quite common to mix languages within a single sentence, seamlessly integrating Hokkien, English, and Ma ..read more
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How to Calculate the Net Distribution Yield of a M-REIT?
KCLau.com » Stocks
by Ian Tai
1w ago
Before I begin, I like to briefly explain how a REIT earns income.  Take IGB REIT as an example.  It owns two retail malls in KL namely, MidValley Megamall and the Gardens. For years, they earn recurring rental income from 700+ commercial tenants such as McDonald’s, Starbucks, GSC and so on. Of which, they incur costs to maintain & upkeep the two properties, administration costs and interest costs. Its proceeds are income that can be distributed to IGB REIT’s unitholders.  As a Malaysia-listed REIT (M-REIT), IGB REIT could distribute >90% of its income to its unitholders ..read more
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Can You Choose to Retire at 45?
KCLau.com » Stocks
by Ian Tai
2w ago
Now, let’s assume the following:  You are 27 this year earning RM 5k a month. You spend RM 4k a month and this includes:  1. RM 1.5k a month in mortgage installment or rent.  2. RM 0.5k a month in car loan installment.  3. RM 2.0k a month in other living expenses.  This means you could save RM 1k a month or RM 12k a year.  So, the question is: “Is it possible to have the ability to retire at 45?”. The answer depends on several main factors. I’ll list them down and share what their impacts are towards attaining financial abundance. They include:  1. Income ..read more
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EPF Account 3: Should I Opt For Its Initial Amount Transfer?
KCLau.com » Stocks
by Ian Tai
3w ago
Finally, it’s here.  Our EPF has been restructured to having 3 accounts:  1. Akaun Persaraan  2. Akaun Sejahtera 3. Akaun Fleksibel  From now onwards, our EPF contributions will be split based on this ratio:  1. Akaun Persaraan (75%)  2. Akaun Sejahtera (15%) 3. Akaun Fleksibel (10%) As the EPF had offered a detailed explanation on how it works very clearly, I will not dwell on its mechanism. Rather, I like to touch on the option to perform the one-off “Initial Amount Transfer” into Akaun Fleksibel. Here, I’ll share both pros and cons so that we can decide for ..read more
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Book Review: Strictly Business – “The Kwek Leng Beng Story”
KCLau.com » Stocks
by Ian Tai
1M ago
Last week, I was in Singapore for a short holiday. I went to Kinokuniya and there was “Strictly Business”, an autobiography written on Kwek Leng Beng.  From a Malaysian perspective, I’m sure we’re familiar with Quek Leng Chan, the businessman who had co-founded the Hong Leong Group. Both Quek and Kwek are first cousins. In this book, Kwek candidly shares his beginnings, ascension to building a global real estate company, and mistakes made along the way. To me, I found it to be entertaining and a suitable business read.  Here, I’ll share some of my takeaways from this book:  ..read more
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What Happens When Businesses Put Customers Before Profits?
KCLau.com » Stocks
by KCLau
1M ago
During a recent trip to Columbus, Ohio, I stumbled upon a remarkable example of how businesses can genuinely connect with their customers, not just through their products but through extraordinary service and unexpected surprises. This experience offered a clear lesson in the power of empowered employees and thoughtful marketing. A Breakfast Worth Waiting For It all started with a restaurant called North Star, that we decided to try one morning. As we approached, the long queue stretching to the door initially seemed daunting. Remarkably, the line moved quickly, and within five minutes, it was ..read more
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One Investing Lesson from Mr. DIY’s 40-50% Stock Price Decline
KCLau.com » Stocks
by Ian Tai
1M ago
Today, Mr. DIY is trading at RM 1.49 a share, 40-50% decline from its peak price, which was RM 2.83 a share in April 2021, exactly 3 years ago. Source: Google Finance Interestingly, in that 3-year period, I saw that Mr. DIY’s stores were expanding & mushrooming in malls, commercial lots and neighbourhood shoplots not just in my neighbourhood but “everywhere” all over Malaysia.  So, if a company’s business is booming, why is its stock price tanking? Doesn’t it sound contradicting?  Here, I’ll attempt to find an explanation to this seemingly peculiar situation. We would deep dive ..read more
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The One Underrated Skill You Need to Build a 6-Figure Portfolio
KCLau.com » Stocks
by Ian Tai
1M ago
Let’s say we have two investors: Richard and Ryan.  Both are single and earn RM 10k a month.  They wish to build themselves a 6-figure investment portfolio.  But, they choose different paths to get there.  Richard’s Path:  Richard could save 40% of his monthly income.  It works out to be:  RM 4k a month RM 48k a year (12 months)  RM 240k in 5 years (60 months) Richard is a conservative guy. He invests in stocks that are beautiful but boring to most people. Collectively, his overall dividend yield is 5% a year.  Thus, his dividend incom ..read more
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Why Smart Investors Should Aim for “Net Rental Income = RM 0”?
KCLau.com » Stocks
by Ian Tai
2M ago
Let’s say, you’re now in your 40s.  Years ago, you bought a property for RM 300k where you funded your purchase with RM 30k in down payment and RM 270k in home mortgage. Your mortgage installment is RM 1,200 a month. In addition, you incur RM 500 per month on a list of property-related expenses: service fees, sinking funds, land & assessment taxes, insurance, and repair & maintenance.  Today, your property is worth RM 500k. You owe RM 200k in mortgage balance. You earn RM 1,400 a month in rental income from the property. Also, you make RM 200k a year in employment + business ..read more
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