Weeks ago, I took an early flight from JB to KL since the fare was much cheaper in the morning. Reaching there early, I had 5 hours to kill before moving to KL central. When I was about to go to Starbucks, my cheapskate thrifty nature took over. I thought to myself, "Why don't I try out the new credit card I have applied?" And so, I walked to the Plaza Premium Lounge at Level 2M of Gateway@KLIA2 Mall. I presented my credit card to the receptionist, filled up a form, swiped and that's it. That's my virgin experience entering a airport lounge. Before dining in, I requested for a ba ..read more

 Market Irrationality by  Tradeview (2017) [forwarded] Here, I would like to share a good article written by Tradeview on market irrationality. As Benjamin Graham mentioned, stock market is like a crazy salesman. Everyday he knocks your door and promote his product to you. When he is in a good mood, he could sell a cup for RM1. When he is in a bad mood, he would sell the cup as expensive as RM10. Yes, he is crazy. However, the final decision to buy or to ignore depends on you and I. The investor should be able to make wise decision in determining how much a stock really worth, but ..read more

WHAT IS BONUS ISSUE? Bonus issue occurs when additional (free) shares are given to the existing shareholders, based on the number of shares they already have. For instance, if a company declares a 3:1 bonus, you will generally get 3 bonus share for each share you own. Hence, making you to have 4 shares on hand after the completion of bonus issue. Have a go at the quick test below to see if you understand the concept of bonus issue. Sounds fantastic right? You just get some free shares! Hooray. But still, you need to know that there are several facts that you need to know about bonus iss ..read more

STATEMENT OF CHANGES IN SHAREHOLDER’S EQUITY This statement summarizes up the changes of ownership interest in a company. As we have defined earlier, asset = liability + equity. So, statement of changes in shareholder’s equity is meant to described the change of equity during a financial period in more detailed manner.  In easier term, it lists out the activities that either increase or decrease the value of shareholder’s equity. Typically, there are several components that you could find in a statement of shareholder’s equity: 1. COMMON STOCK Ownership stake of a co ..read more

Balance sheet reports a company’s financial position at a specific date. It is important, as it allows investor to extract information to conduct different ratio analysis, such as ROE and Quick Ratio test. A balance sheet is made up of three main components – asset, liability and equity. A balance sheet is normally reported in the vertical format as shown below. Asset will always be on the left side, while liability and equity will be on the right. According to accounting rules, the summation of liability and equity should also always equal to the value of asset. Asset = Liability + Equity A ..read more

It is a financial statement that lists out a company’s cash inflow and cash outflow during a specific period. Through this, we could see why cash increased or decreased during a period. All transactions being done with cash will be recorded down in three different categories, which are operating, investing and financing. A cash flow statement generally looks like below: Section 1: Operating Activities Reflects cash transactions that are done on the basis of day-to-day operation. This should be the most principal part of the statement as it is directly related to the daily operat ..read more

You have finally secured a job and got a fixed inflow of salary. Well congrats very much! It is not easy to secure a job nowadays. Anyway, as the next step, you might be thinking, "Oh well, it's time to get a credit card." So, which credit card is the best in Malaysia for a youngster like you and me, who are still in our 20s? To be honest, this is a very subjective question. There isn't a definite answer. It depends on the lifestyle of individual. Tips to pick the best card for you: 1. Find out which type of user you are. Are you a shopaholic? (although I disagree with this kind o ..read more

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