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You can write your own wills!

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Last Saturday I attended a Wills talk seminar. For those who have stocks, properties and other asset, it would be good for me to share here regarding the Wills matter according to Malaysia's law. As a famous quote, one will never know if the dead come first or tomorrow come first. It would be good to prepare the umbrella before it rain. I have group some of the important points: Who can write the wills? Anyone above 18 years old, as long as your will is executable and you had name a beneficiary(s) and executor (can name up to 4 executors). What happen if you don't have a Will? If one demise without a will, the asset will be frozen, your family member will need to apply for Letter of Administration (LA, a court order vesting someone with right to administer the one who die without a will) The family member would have to cope some difficulties and finally the asset will be distributed as per Distribution Act 1958 (Amendment on 1997) as per below:  Spouse

If you still buy a stock base on news paper...

Many investors read the financial news paper and hope to make some profit from the news. How nice if one can read tomorrow's news paper today! However, base on my experience, it's not easy to make money in stock market by just look for this kind of tips. Sometime, it could be a trap! I had friend who bought a stock base on news paper's recommendation and hold the stock for more than 10 years... guess what's his return? It's a negative 50%, no joke, if he were to sell the stock today, then only get back half of money compare to original cost! To me, this is really a trap, as they never tell you when to sell, or in the worst case scenario, which point should the investor cut lost? . The stock market basically is a game for trader! We can find very experience old bird and new bee without and knowledge. Beside, we have business owner and directors of company, all of them come to stock market with one purpose, making money! They may create different types of trick o