Monday, May 3, 2010
Time for a Guffaw!
While waiting for others to contribute to this blog, here are some pictures for thought. Some are good for a few guffaws!
Thursday, April 22, 2010
What You Need Just to Retire
So, you must have at least RM1 million in your account if you want to retire comfortably and sustain a healthy life, according to an investment consultant.
Sasinathan Krishnan of ReMark Malaysia said a study has shown that most retirees did not have such an amount in savings, prompting them to work again after retiring.
More worrying, the study found that people's savings in the Employees Provident Fund could only last up to three years, he told the audience at an investment seminar on Wednesday which was held in conjunction with Minggu Saham Amanah Malaysia (MSAM) 2010 here in Kuching.
Sasinathan suggested that the retirement age be revised to 65 years from the present 55 years. He felt that 55 was too "premature" for Malaysians to retire as countries in Europe and Japan, for instance, cap their retirement age at 65.
"The study also found that at the retirement age of 55, Malaysian employees become less productive two to three years earlier. In comparison, workers at that age in Europe and Japan still retain a high level of efficiency."
He noted that the failure of many Malaysians to save sufficiently before retiring was due to lack of discipline and inability to manage their money prudently.
More worrying, the study found that people's savings in the Employees Provident Fund could only last up to three years, he told the audience at an investment seminar on Wednesday which was held in conjunction with Minggu Saham Amanah Malaysia (MSAM) 2010 here in Kuching.
Sasinathan suggested that the retirement age be revised to 65 years from the present 55 years. He felt that 55 was too "premature" for Malaysians to retire as countries in Europe and Japan, for instance, cap their retirement age at 65.
"The study also found that at the retirement age of 55, Malaysian employees become less productive two to three years earlier. In comparison, workers at that age in Europe and Japan still retain a high level of efficiency."
He noted that the failure of many Malaysians to save sufficiently before retiring was due to lack of discipline and inability to manage their money prudently.
"I don't discount that this phenomenon is due to the strong family ties among Malaysians. Parents here expect their sons and daughters to take care of them when they are old. But this expectation is not entirely true as children could also become a liability, not just an asset," Sasinathan added.
Some of us have raked the millions, others are just living on the periphery of sustainability.
Whatever we are, millionaire or not, just count our blessings.
Tuesday, April 20, 2010
Sunday, April 18, 2010
A Life-time of Shopping
One Poll, a British research firm has come out with a revelation of sort. The finding indicates that the average woman spends at least three years of her life shopping.
It based its finding on a survey of 2,000 women who took an average of 301 shopping trips of an average of 399 hours and 46 minutes each year.
Considering that these women will shop for about 63 years of their lives, this equates to two years and 10 months of shopping in their lifetime.
However, this finding is not as accurate as we want it to be. Not all such shopping trips are devoted to personal needs. They do include shopping trips to provide clothing, food, and other essentials for their entire family.
This does not include online shopping .
Thursday, April 8, 2010
Storm in a Tea-cup: Chew Mei Fun Resigns
Well, the MCA saga took another turn today.
Citing displeasure of having to serve a sex-tainted President, Chew Mei Fun, the Wanita Wing Chairman has tendered in her resignations for the wanita top post, her senatorship as well as the Deputy Minister's post.
Well, say what you will, but this lady must be highly principled to let go of all that power, glory and fame.
Do we salute her?
Wednesday, April 7, 2010
MCA: Can Liow Rough it up?
At today's long extended CC meeting at the Corus Hotel, Liow found himself sitting on a hot stove. Except for Ong Ka Chuan and him who protested the duties given to them, all the President's men were at sea.
What I found rather strange was that Liow refused at first to accept the State Chairmanship of Pahang where his constituency lies and is the home state of the Prime Minister. Did he make a tactical mistake?
As for Ka Chuan, to turn down the portfolio of Religious Affairs is also difficult to fathom because the Chinese are beholden to religion. Politically it is an unwise move to turn down such a post of reverence. Did he also made a boo-boo here? If he feels that the portfolio is beneath his station, he should not have come for the meeting just to exhibit his displeasure.
At the way things are going, Dr. Chua Soi Lek is not going to have a great 18 months at the helm of MCA.
What is he going to do with the likes of his uncooperative Deputy and the recalcitrant Ong Ka Chuan?
I think the Chinese Wayang is going into the next season.
What I found rather strange was that Liow refused at first to accept the State Chairmanship of Pahang where his constituency lies and is the home state of the Prime Minister. Did he make a tactical mistake?
As for Ka Chuan, to turn down the portfolio of Religious Affairs is also difficult to fathom because the Chinese are beholden to religion. Politically it is an unwise move to turn down such a post of reverence. Did he also made a boo-boo here? If he feels that the portfolio is beneath his station, he should not have come for the meeting just to exhibit his displeasure.
At the way things are going, Dr. Chua Soi Lek is not going to have a great 18 months at the helm of MCA.
What is he going to do with the likes of his uncooperative Deputy and the recalcitrant Ong Ka Chuan?
I think the Chinese Wayang is going into the next season.
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