Monday, May 23, 2011

Sunday, April 3, 2011

Going Through It Over Again

I've lost in the Division S International Speech Contest. I wasn't good enough and the other speakers were simply amazing. Participating in the contests was truly eye-opening for me. From the club level, to finally Division, the heart beat at a different rate. All the preparation was slightly different and expectation was too, elevated. This is a good lesson learnt in life, and the next time shall I try again, I'll do it from a different angle. I was indeed a noob.

What went wrong?

I over practiced. My frequent advice for novice speaker is "don't memorize your speech, develop the points and let it go freely". In this contest, I ate my own spat. Wanting to be perfect, I forgot the whole picture of my speech and did it out of pure memory word-by-word. It's like a song repeated in my head, even I was annoyed by it, how to convince the audience? The only way to win next time is, to do well on every speech from this point onwards and be natural champion, not a recording puppet.

No matter how much we plan and try, how the audience responded, none would carry any impact if we did not speak from the heart. I remember 8 years back when I was in form 5, in front of all the first years I held the trophy high and said "this cup is the heart and soul of generation of seniors. It's blood and sweat that has brought it here, protect it well, don't let any other school take it away". Then I broke down and cried, so did the first years. That was the most powerful speech I've ever said. It's short, it's concise and it carried the message from my heart…..to their heart. And it's impromptu.

My speech was full of discipline; Powerful opening, 3 clear cut points and an unforgettable conclusion. Those are great for exams but not competition. I have learnt that what matters is, have a good point and pound hard on it. Deliver it the best way and highest impact possible. Make 1 point unforgettable is easier for the audience than 3. People are lazy. Make it easy for them.

At the end, I was exposed to a higher level so much, I feel the difference within me. For every contest I went through, something inside me changed. For every contest lost, my ego crumpled and that made me a more receptive person for improvements; sometimes it's necessary for idiots like me. But still, losing is never a good feeling. Not even for an idiot. Honestly, when my friend pat onto me and said "it's ok, don't be disappointed", I nearly broke down. Who wouldn't? As time dilutes my agony, my experience stays…and that's what matters when we join toastmasters. It's not for the trophies (price is less than our membership fee), it's for something greater, it's called wisdom (priceless).

Friday, February 18, 2011

It’s a frustrating world

It is very unfortunate for another of this kind of post to be published on my blog. The truth is, one of my customers has 2 types of contract with me. Let's name it service A and product B. Both are bounded with a minimum duration of at least 1 year. The reason for the contract to be that lengthy is so that I can spread the cost and make money in the long run. After about only 4 months, he decided to source for another brand of product B which has less features and lower price tag. So he called up and terminated mine. According to him, service A will be at stake if I insist to continue product B with him. If termination of any of the contracts occurs, I make losses.

So I find myself in a situation where I'm being arm twisted into the deal. After dealing with many many people, this is certainly the type that will force feed dung into people's life just to save a hundred bucks. So to all the businessmen/women out there;

  1. Do whatever you feel comfortable but do remember words spread around.
  2. What you do to us, will one day most probably come back to you.
  3. There are only so many suppliers in the market and only a handful that is loyal and trustworthy.
  4. A couple of hundred bucks could not save your business (in most cases) and what you portrait to the people around you, is priceless.
  5. A gentleman agreement is what money cannot buy.

Don't forget, most of the time, our supplier is our loyal customer. Period.

Friday, January 21, 2011

What Trader Wish?

It's always nice to see the trade that we entered is going in our direction. How I wish I can trade the Live account just like the Demo.

Monday, January 10, 2011

6%

It's like a silent fart, 6% service tax is here. It is inauspicious yet deadly. An increase of 1% from 5% to 6% means, if one family spend RM100 a week at restaurant, the government makes RM1 extra. 10 000 families will pay RM10 000/week to the government in additional to the existing RM50 000 week. It means the government will have additional of RM520 000 in YEAR 2010 from the rakyat. The reality is, we go to restaurant more frequent than that, that are more than 10 000 families in Malaysia and restaurants are not the only place service tax is imposed. Details on the tax scheme is available here: http://www.nbc.com.my/malaysia-budget-2011-tax-proposals.html

Yes, there are some good news. Handphone no more tax…YAY… err wait, how often do we buy phone? People with household income less than RM3000 may buy 1st house and borrow 100% loan. 100% loan means we pay more interest to the bank. In the long run, we are poorer. At the same time, we pay more for everything thing that we eat or use every day because service tax has increased. Brilliant!

I was damn shocked when recently I had to pay 6% service tax. All the while I thought the government dare not impose since many gruesome voices protesting this idea but since it's already reality, there's nothing I reckon we can do. All in all, at the whole big picture this is what happened in Malaysia: Despite the increasing inflation that is burdening the people, the government says "reduce tariff on stuff they buy once in awhile, only if they can afford hahahahahar….ahem….increase the tax on everything else". "And impose immediately!".

 

Saturday, January 8, 2011

Dilema over Breakfast

No idea why but feeling really pissed while having breakfast this morning and it with something petty. It all started from paying RM1 for Kopi "o" peng. I was really annoyed that I was charged RM1, not like I paid 99c yesterday or 50c suddenly it increases to RM1. It's been priced like that for quite a few months already. I was like "what the fuck? RM1 for this cup of shit?". Yeah, things are getting more and more expensive, …. It's gonna be like that from now on. Kopi "o" peng used to be 40c when I was little. A technician's wage in the factories was probably RM2k back then (I know, my father was one of them). They could afford a family, decent house, meals, in short, simple sufficient life. Today, a technician's salary is probably RM2.2k. And Kopi "o" peng is RM1. Inflation has won the race by leaps and bounds.

So I pulled out my crappy phone and went to calculator mode. The figures struck me that the amount of taxes I paid is almost equal with the amount of money I spent for food and entertainment (several movies and karaoke sessions) for the whole of last year! For fuck sakes it was hefty to pay. And what the fuck did I get in return. Nothing significant mentally tangible to me. After paying so much taxes, tomorrow I'll still be driving on such bumpy roads. Few months down the road I will still feel sore with some racist politicians uttering offensive words. And worse, his salary for being an MP comes from our taxes. And for that, we do not belong here and do not deserve the same like others. I'm not trying to dig muds and start throwing at any party but that's what I personally feel. I'm sure some do feel the same as me. Even though I work harder and pay more taxes and contributes to the EPF system, sugar prices rose, so was petrol, and situation can only be worse. If everyone stop paying taxes, will the reverse happen? Heck was I confident that EPF was a force saving system which money contributed will be invested smartly for the benefits of the shareholders (us) and nation. Instead, I heard rumors about the money spent of bailing out failing companies. Why would we want to save companies which don't contribute? Why didn't invest into those with more potential? One on the negative end and one on the positive end, and money was dump into the negative end. Do the math.

At the same time it occurred to me that we have to pay for electricity, water, internet and even rubbish collection. On top of that, all the bills are taxed. I'm quite sure some of the companies which we are paying bills made some money. Where the fuck did all the money go? I think it all went to salary and pockets of people which could deduce a person could die even though "he was not murdered" and "didn't committed suicide" and found dead due to fall impact. I thought creator of superman had good imagination but obviously not as good as him. Lol

Being lived here the whole life, I always think that this is the best nation in the world. If only certain sanction could be improved, I'm sure the whole country would propel at an insane speed. Where is the logic in limiting the economy? It's almost as if saying "I want to score only 75 in math". When the teacher award 76, start annoying him/her to get the marks deducted. Lol.

The saddest part is, besides continue paying taxes and feeling sore, there's nothing I can do without looking trouble for myself. The only sane thing I can do is to cast my angry vote when the time is due. I can only hope that my vote is significant enough.

That was breakfast.

 

Thursday, January 6, 2011

Why trade Malaysian Stocks?

Notice I say trading market but not market trading? Despite the mess and excruciating process we need to get through in setting up an account in a foreign country, many active traders still prefers the "gold rains"; from a Malay quote saying "Hujan Emas di Negara orang lain, hujan batu di Negara sendiri, baik di Negara sendiri. It's not the gold that everyone is after. Why trade stocks that we've never heard off? Why not local company which we know about what they do, how much is their worth and products of which we're buying everyday? There are several reasons;

  1. Many governments apart from our own are having less restriction in their stock market hence it is more liquid. More "opportunities" and faster movements.
  2. Paper trade is available elsewhere but not Malaysia.
  3. Brokerage fee is damn cheap if we trade online. It is also damn cheap here but nobody is shouting about it so, it's unheard.
  4. Less instruments or worse, less counters to trade.
  5. Malaysian traders are more conservatives and some even sees technical analysis as bull.
  6. Trading in currency superior than the ringgit is like having leverage. Currently there is no leverage in Malaysian stocks.
  7. Overseas trading allows shorting before buy. It's prohibited in Malaysia.
  8. Forex and Gold trading is prohibited in Malaysia. Common, hottest market but not allowed over here? Opportunity for more tax la. Do away with GST, legalize forex and tax heavily.
  9. Educational courses are limited or expensive. There are limited local softwares to aid our trade.
  10. Many parents do not encourage their young ones to trade. Too risky they say.

So these are only few which I could think of. Do the math, if there are 10% of the total M'sian population trading (about 2.6mil), and each of them trade about RM10 000 monthly (which awfully little), and 10% of them prefers to trade at foreign country, that's about RM2.6 billion outside Malaysia which is supposed to be in the KLSE. As of today total trade in the KLSE is RM3,141,797,088, let's imagine what RM2 600 000 000 per month can offer to the local market. Which that amount of money, companies will have extra funds to invest, which means more job, better products, advancement of technology, more tax for the government, more schools, more hospital so forth and so on. Of course the figure is only hypothetical.

Come back to the topic, why trade Malaysian stocks?

  1. Because we know them.

Technical Analysis

Trading using charts is so simple when you're out of the market. But when you're finally into it, hell seems close. How to see the market like a by-passer watching a cat fight? I think EQ is more important than ability to spot trends.

Ironic

It's so easy to trade. All we have to do is to decide whether to buy or to sell. And yet 95% of the traders loss money. So when they say "it's as easy as ABC" I doubt they are really appreciating the meaning of the words….