113 60b unclaimed estate!

60b unclaimed estate!	600亿遗产待领！
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This is, yet again, a reminder for all of us to properly plan our assets. We work hard for our family but due to procrastination or ignorance, we let our hard-earned money hang somewhere. 60b is a huge number! It's equivalent to 60,000 units of house costing RM1m each. Or if spread to our population or 27m, each will get RM2,222. Wow.	以上的新闻对还未好好规划财产的人而言又是一记棒头痛喝。我们忙忙碌碌为家人打拼，但是因着一时拖延或是无知却让辛辛苦苦赚来的钱吊在半空中。600亿可是天文数字啊。它相等于6万间价值百万的屋子；或若是平分给2千7百万人口的话，每个人可以分得2，222元。
Although we have a Distribution Act to specify who, among our family member, can get our assets, the process takes time. We must remember all assets will be frozen until a Letter of Administration is produced to unlock them.	虽然说我国有遗产分配法令来分配遗产给家里人，整个程序却相当耗时。在申请到遗产管理书之前，所有的财产都是被冻结的。若是家人急需那些钱来维持生计的话，那真的苦不堪言了。
The only two assets that won't need to go through probate process are EPF and insurance. Of course, that means that person has an updated nomination for both of them. Failing which, yet again, the monies will still fall into the estate and subjected to probate process.	只有公积金和保险金是无需经过遗产认证程序的。当然，拥有人必须确保在有关当局的提名是即时更新的。要不然，那些钱又掉入遗产里面，即表示要经过遗产认证程序。
In terms of personnel experience, some of the reasons most people don't make a Will today are because:- 1. Still Young 2. Not many assets 3. Still single 4. Writing a Will is expensive 5. "Pantang"	依个人经验而言，多数人不缮写遗嘱的理由多为：- 1。还年轻 2。财产还少 3。还单身 4。缮写遗嘱很贵 5。禁忌
I shall not elaborate in details those reasons. In fact, some of the reasoning are almost similar to people delaying their retirement savings process. Is this because of human nature? As a responsible person, we should think carefully and responsibly.	我不详细讲解。其实呢，当中的某些理由就跟许多人延迟储蓄退休金的理由是一样的。难道这就是人性吗？身为负责任的人，我们应该好好想想。
The awareness or the willingness to make one is often after some kind of tragedy happened. In the newspaper article, it says such awareness heightened after the two unfortunate airplane incidents. In my church community, such awareness and willingness heightened when one of our sister pass away at a young age. Her family has to go to many offices to claim her estate.	通常是某些不幸的事件发生后，人民才会醒觉或者有意愿改变。以上的报道说到经过两宗空难之后人们才开始醒觉。又比如在我的教会里，同样的醒觉及改变是在某位姐妹回天家后才开始出现的。那时她的家人必须奔跑不同的部门处理遗产。
When making a Will, most testator (the person making the Will) likes to appoint their close relative to be their executor (the person who represent testator to do all the processes). In the earlier days, I am quite OK with such practice as long as the appointed person is capable, well aware and willing to take on the responsibility.	当缮写遗嘱时，许多立遗嘱者喜欢委任亲戚成为执行人，即跑腿。在早期，只要被委任的人有能力、被告知以及愿意接受的话，我对如此的安排倒还好。
However, I have a change of view after one of my friend client pass away leaving his wife and two young school-going daughters. Her wife complained it's too tiring - she has to squeeze time to apply for Grant of Probate, going to many places to get things done, take care of children etc.	只是到了最近，就是当我的朋友兼顾客过世留下妻子和两个还在上学的女儿。为妻的投诉所有的东西太累人了，她必须抽时间申请遗嘱认证、奔跑不同部门、又得照顾两个孩子的吃穿上下学等。
After that, I ask myself the same question:- Even if I have written a Will, do I want my wife to spend all the trouble to go through all unfamiliar processes, on top of her daily chores and especially in sadness. My immediate response is No. If a professional trustee can do the job, why not pay them and spare my wife all the trouble. So, I strongly suggest clients to opt for professional trustee, especially he is a male testator. Do the best arrangement for beloved wife and children.	过后我自问：如果我立了遗嘱，我是否愿意让我的妻子去处理一些她根本不熟悉的任务呢？我的即时反应是否定的。如果一个专业的信托人可以代劳，我何不让他们去处理呢？因此，我鼓励顾客选择使用专业信托人，尤其是立遗嘱的是男性顾客。还是为妻子跟孩子们好好安排吧！
So, please approach a qualified financial planner to understand how to plan a Will today. Remember making a Will does not immediately transfer of your assets to other people. A Will only take effects only after the testator has finished his jobs assigned by God. During his lifetime, he can amend the Will anytime.	请今天就约见合格理财师了解如何规划您的遗嘱。缮写遗嘱并不表示你马上把财产转移给受益人。遗嘱是在立写的人被召回天家后才生效的。在生的时候，他可以随时更改遗嘱的。
If you need information, please contact me at sateo7689@yahoo.com. No obligation.	若是您需要任何咨询，请联络sateo7689@yahoo.com。

112 Seek financial advice from licensed financial planner!

Seek financial advice from licensed financial planner!	向合格理财师寻求财务建议吧！
In Malaysia, financial planning industry is highly regulated by Securities Commission and Bank Negara Malaysia. A potential planner must complete academic qualification - CFP - before applying to both authorities to be licensed as financial planner.	在马来西亚，理财行业是由证券委员会和国家银行严格监控的。一个潜在理财师必须完成CFP才能向有关当局申请为理财师。
The word "financial planner" is also regulated, whereby only licensed personnel can carry that title. So, the next time you see somebody presenting himself as a planner, be sure to enquire further if he is qualified academically, and also licensed.	“理财师”的字眼其实也是严格被监控的，只有有牌理财师才能使用那个衔头。因此，下次有人自称为理财师，请务必询问他是否是合格并拥有执照。
On 29 July, 2016, we read in newspapers SC reminded public not seek financial advice from anybody posing as one. Financial planner will be able to provide solutions without biased.	我们在2016年7月29号的各大报纸读到证券委员会提醒大众别轻易向自称为理财师的人员寻求财务询问。理财师可以给予客观的解决方案。
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Financial planning firm, like Phillip Wealth Planners I am attached to, tied up with many investment, insurance, will & trust companies, to provide multiple choices for client's.	理财公司，比如我加入的Phillip Wealth Planners，是与多间投资、保险、遗嘱和信托公司拥有合作关系，来提供顾客多重选择。
Planners like us are not forced by any principal to promote their products. In fact, we do not have maintenance quota to meet. So, it's very relaxing for us to choose the best for our clients.	我们这些理财专员并没有被规定要售卖任何一家公司的产品。我们甚至于无需达到任何销售额。所以我们可以没有压力的为顾客选择最好的。
For example, when a client enquire for a medical card policy, we can provide few company's proposal for clients to choose. Eventually, client may like a certain company or a certain feature. We are just there to provide solution - to solve his need. It doesn't matter, to us, which company he chose anyway.	举例顾客要求医药卡保单。我们就可以提供几间公司的proposal让顾客选择。顾客可能喜欢某个品牌或是某个产品特点。重点是我们提供了解决顾客需要的方案。至于顾客最终选择哪一家公司，对我们都无影响。
To identify if your planner is licensed, you can do the following checks:- 1. CFP/RPF qualification 2. Licensing check	要确保你的理财专员是否拥有执照，可以依循以下方法。 1。CFP/RFP资格 2。执照搜寻
1. CFP/RFP qualification Apparently, the first step to be a financial planner is a academic qualification. The most common we can find are CFP or RFP. A qualified planner will be proud to print relevant logo on their name card. So the next time you are presented with one, see if you can find any of those.	1。CFP/RFP资格 要成为理财师，第一步就是要有合格的知识。最为人知的两个为CFP或RFP。合格的理财师一定会很骄傲的把这些logo印在名片上。下次您收到名片时，不妨仔细看看有否它们的踪迹。
2. Licensing check To do this, browse to http://ers.seccom.com.my/public/Default.aspx?menu=1 Simply key in the name, and it will show which company the planner is attached to.	2。执照检查 可以到以下网址查询。 http://ers.seccom.com.my/public/Default.aspx?menu=1 只需输入名字，理财师附属的公司就会出现。

111 FPAM CE Seminar: Alternative Strategies for Investing In Equities for Financial Planners and Individuals

FPAM CE Seminar: Alternative Strategies for Investing In Equities for Financial Planners and Individuals	FPAM CE Seminar: Alternative Strategies for Investing In Equities for Financial Planners and Individuals
It has been quite a while since I last blog. Where have I been? Well, I re-look back my share investment and found I have been too active in trading. Impatience and ignorance has caused my portfolio to shrink. I am dissatisfied and looks for way to improve my skills.	嗯，已经有相当一阵子没有涂涂写写了。失踪了吗？其实呢，我是重新检视我的股票投资，发觉我太频密交易了。我的资金被“心急”和“无知”侵蚀了。对此我非常的不满意，因此发奋图强寻找提升功力的方法。
So, all these moments I have been reading about Fundamental Analysis. I grab every moment available to munch as much as possible. The eagerness to better my skill is driving me. That's why I am absence here.	这段时间我都在阅读关于基本分析的资料。尽量多阅读。因为内心的催逼，所以就暂时失踪了。
Talking about investment, I find most of us has actually divert from the actual investing that should be. We have slowly been diverting to trading, punting or speculating.	说回投资，我发觉我们已经渐渐偏离正确投资的观念。我们逐渐走向做交易、投机。
“An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative.” ― Benjamin Graham, The Intelligent Investor	本杰明格拉翰在其著作聪明的投资者里说一个投资行动是一个经过仔细分析后确保本金安全以及足够的回酬。凡是不符合以上要求的行动都被归纳为投机。
So, I have slowly reshuffle my portfolio towards investing. I study on hand stocks. Those that does not meet my requirements are being kicked out. Those quality stocks I check if they are overvalued. I feel so relax now, for I know I own good stocks. Any fluctuation in their prices is not cause for concern.	我逐渐把手上的资产转向投资。好好的研究手上的股票。凡是不符合我的规格的一律剔除。符合规格再检视是否太贵了。现在我觉得轻松多了，因为都是好股。股价波动不再是胆战心惊的事了。
About the FPAM CE Seminar	关于FPAM CE讲座
-   Sitting in the center is speaker of the day, Mr Stanley Loh.
When I was so greatly chewing all learning materials, it was so timely that I attended this FPAM CE Seminar on 16 July 2016. It was "Alternative Strategies for Investing in Equities for Financial Planners and Individuals" by Mr Stanley Loh.	正当我拼命咀嚼资料时，正好让我参加了在2016年7月16日举行的FPAM的CE讲座。这是由Stanley Loh主讲的给予理财师以及个人的股票投资的另类策略。
Mr Stanley rightly pointed out most investors failed miserably in capital market exactly because we do not do our homework before clicking the Buy and Sell buttons. We simply hantam based on hearsay or hot news.	Stanley一击即中的指出多数投资者战死股市皆因我们在买卖前从不做功课。我们是凭听闻或股道消息行动的。
He is right to say we survey on many things before buying (e.g. a house) but we don't do the same for stocks. And we are so biased with stocks, labeling it as speculative or risky. As he puts it, we put money in FD because we trust the bank won't collapse but we deems its shares as risky. So irony isn't it?	他说我们在买许多东西之前（比如屋子）会多方查询，但往往买股票之前就不会如此做。而且我们偏激归类股票为投机或危险。正如他所说的，我们因着相信银行而把钱放入定存但我们却把银行股归类为危险股。是不是很讽刺呢？
He is also right that we don't even check how the company is doing - are they making money, are they paying any dividend etc. Some companies' financial positions are so worrying that we should not risk our capital on hand. No wonder we are slaughtered in share market.	我们也是没有调查公司状况，比如是否赚钱、是否有派息之类。有些公司的财务状况惨不忍睹到我们根本不值得把我们的资本送羊入虎口。难怪我们总是任人鱼肉。
To him, the most important thing in a stock is the management integrity. If he is uncertain or uncomfortable with the management, he won't touch its shares. He would go to AGM to meet eye to eye with management, to have a feel of how the management does the business.	对他而言，对一支股票最重要的莫过于管理层的诚信。如果他对管理层有所怀疑或保留，那他是绝不染指该只股票的。他也会参加AGM去见管理层，去感受管理层是如何管理生意的。
Mr Stanley also showed to us how he does the initial 2-minute check-up for a company before deciding to invest. He is a very experienced investor and planner indeed.	Stanley也现场示范他如何进行一个2分钟初步分析，之后再决定投不投资。他果然是资深的投资者和理财师。
As a value investor who invest purely on Fundamental Analysis, he is not a bit worry on market fluctuation. In fact, he patiently wait for market to go for opposite direction. He is practicing what Warren Buffett puts it - Be fearful when others are greedy. Be greedy when others are fearful.	身为单纯以基本分析投资的价值型投资者，他本身从不担心市场波动。他会痴痴的等股市出状况。他所做的正是巴菲特说的当别人贪婪时要恐慌，而当别人恐慌时要贪婪。
He says a value investors live a long live because he doesn't worry about the market. He plans his trade well in advanced, and implement it accordingly.	他所价值型投资者可以长命百岁因为泰山崩于前而色不变。他总是谋定而动。（我也要长命百岁喔。）
What have I learnt?	学习
I have to say what Mr Stanley said concludes what I have been reading. I think I am on the right way to go for value investing by applying Fundamental Analysis. Many of his concepts, definitions and thinking confirms what I have been reading. I think that is how investing should be.	Stanley所说的证实我所读的是真的、是对的、是行得通的。我想我正走在正确的道路上。他所分享的让我确定这才是真正的所谓的投资正道。
Now, I know the fundamental of the stocks I have. Do I need to worry it will go bust? All I need to do is pick one which management with integrity, monitoring their business results every quarter. Yes, share price will go up and down, and nobody can predict. Price correction is time to collect, price appreciation is time to let go.	如今我知道我的股票的底细。我是否要担心它是否会破产吗？抑或落入股市陷阱里了？我得仔细选择有诚信的管理层并每季跟进生意状况。股票的确会浮动，但价跌买，价高卖咯。
As a matter of fact, I think his title is not that correct. Oops, what do I mean? Following Benjamin Graham's definition, if this is the real investing should be, it should not be "alternative strategies" It should be the "correct strategies". All others should be "alternative strategies" instead. Ha ha.	其实呢，我想他的讲座标题似乎不对喔。什么意思呢？如果根据本杰明格拉翰的定义，既然投资本因如此，那就不该标为“另类策略”而应该是“正确策略”吧。其他才是另类策略吧。
No, I am not putting down other strategies. I believe there are many types of investors. Some are comfortable with FA, some are TA, some uses hybrid techniques.	噢不，我并不是贬低其他策略。我相信青菜豆腐，各取所爱。有人适合基本分析，有人适合技术分析，有人适合混合分析。就如小说里的有人内而外，有人外而内，有人里外兼修。最后都成为高人。
And I have also learn we planners should always plan according to clients' requirements. Never ever expose clients' capital to unnecessary risks. Always treat it like our own money.	我也学习到身为理财师的我们必须尽职为顾客规划。千万不要逞英雄吧顾客的资金陷入不必要的风险里头。务必把顾客的资金当成自己的资金管理。
I hope I can have many other fellow planners that can share the same value can co-operate together to share and sharpen our skills. After all, one man's ability is limited.	我也希望可以有更多有相同理念的理财师一同合作、一同成长。毕竟独木难成林啊。
If you would like to know the upcoming CE seminars or Tea Talk, email me at sateo7689@yahoo.com.	如果您有兴趣知道接下来的CE课程或下午茶分享会，可以电邮至sateo7689@yahoo.com。

110 CFP Class 2016 2H Intake

CFP Class 2016 2H Intake	2016年下半年CFP课程收生
CFP Class 2016 2H Intake is now started. The coming class is expected to start on end Aug. Class will be arranged on Sat / Sun. Normally it is 2~3 classes per month, and it will end before Dec. Just in time for students to prepare for exam.	2016年下半年CFP课程已经开始收生了。课程预计在八月尾开始上课。课程会安排在星期六、日。一个月会上课两三堂课，会在十二月之前完成。学生们正好有足够时间准备考试。
This coming classes will be for Module 1 to 3. Module 4 will be opened next Feb.	本次会开课第一至第三单元。单元四将在明年二月开课。
If you need further info, kindly email to me at sateo7689@yahoo.com.	欢迎各位来邮询问。sateo7689@yahoo.com

109 PRS Youth Incentive still available

PRS Youth Incentive still available	私人退休金青年奖掖
This article appeared in Nan Yang Siang Pau last month. It says government's allocation for PRS Youth Incentive only used up 8% of its total allocation. This means there are still a lot of money for youths to claim. This also means lots of youth still do not know about PRS Youth Incentive.	这是上个月刊登在南洋商报的文章。文章说政府为私人退休金预备的青年奖掖仅仅发出了总数的8%。这说明还有很多钱等着青年人去索取。亦说明许多青年人仍不晓得私人退休金青年奖掖。
Immediately upon reading the news, I snap the news and forwarded to my clients regardless of their age. The older one may have kids or relative who might be in the age that qualifies for the incentive.	我一读完文章，就赶紧拍下传给顾客们，也不管他们的年龄。比较年长的顾客可能会有孩子或亲戚符合资格。
PPA is aggressively promoting proper retirement fund planning through extra savings in PRS. Normally, we do not have idea of how much to save. According to PPA suggestion, just another 10% savings will do a lot of difference.	PPA正积极的推动人民额外储蓄在私人退休金以便更好地准备退休金。一般上，我们可能不晓得该存多少钱。根据PPA的建议，多存10%就有很大的不同。
Let's understand that we already have 23%~24% savings through EPF. Meaning we need to fork out 10% from our pocket money. That's all. The newspaper also point out the difference with or without the extra 10%.	我们明白通过公积金，我们已经储蓄了23%至24%。那我们只需要从口袋多存10%就可以了。文章也指出有无10%的差别。
In the illustration, it is RM690K vs RM1.1Mil. So, it's RM400K difference with that extra 10% savings. I think RM400K is a substantial amount. It is remarkable an extra RM320 a month can do such wonders.	根据例子，差别是69万对110万。所以是40万的差别。我觉得40万是蛮大的数目。而每月多320元就可以创造这笔数目真是厉害。
Let's all seriously think about saving that extra 10%.	让我们认真想想多存10%吧。