Tower Real Estate Investment Trust 3rd Quarter Financial Summary

3rd Quarter - Nine-month net profit 23.133 million (increased 9.58%)

Avoid Everything with Installment Plan

now a lot of business promotion is encourage consumer purchase with installment plan, especially for electronics product, computer products, hand phone, massage product or furniture.

even bank also have provide an easy installment plan for credit card customer. Its a plan when purchase at least RM500 in single receipt(no matter what kind of purchase) also can convert to installment plan. sure, its willl have interest charges.

no matter its 0% installment plan or with interest installment plan, if we unable to control ourselves, its will cause us to create the Big liabilities.


think about it;

Ah Meng just get his 1st credit card with limit RM3000. He apply this credit card is for purchase a new computer with RM2400 with 12 months 0% installment plan. that means every months just need to pay RM200.

after half years...

one day Ah Meng go to shoping and looking for a new handphone. a merchanct is cooperate with Bank A, purchase N brand new handphone RM1200 can enjoy 12months 0% installment plan.

Ah Meng think he already pay half year means RM1200 for the computer installment, his credit card still have RM1800, so still can use the credit card to purchase the new handphone.

after few weeks, Ah Meng car suddenly got some problem, he send the car for repair. However, the car total repair fees is RM500. Ah Meng did not have the enough case, but he still have credit card can help him to pay the money on the spot.

RM200 (computer installment) + RM100 (handphone installment)+ RM500 (car repair)

the next credit card bills will charges Ah Meng total payment is RM800. lets say Ah Meng unable to pay the full amount, just pay RM400.

what is the next changing on the next credit card statement? its will starting have the retail interest charges, 1.5% per month.

if Ah Meng still continue use the credit card for petrol and use the credit card purchase at the super market with did not make the full payment? interest will continue charges, but credit card still can use.

Maybe after one year, Bank will automatic increase Ah Meng credit card limit from RM3000 to RM3500 just because Ah Meng is "good" payment credit card holder.

why?

because Ah Meng every months contribute 1.5% (one year is 18%) interest rate earning to the bank on time.

alot of credit holder bear the high credit card liabilities just because use the credit card for purchase, but just make the min payment every months.

by today, its really have some credit holder like convert the single bill RM500 which just purchase from the supermarket to installment plan.

this purchase habits only can make the people everyday to feel the liabilities burden as long as heavy.

so, think before make any installment plan.

buy it, when u are sure u really need the product;

reject it, when u still can live better without the product.

Don't make everything with installment plan.

The lowest Charges CIMB IBG Transaction

Yes, Cimbclicks IBG online transaction is the lowest charges with just charges RM0.50 per transaction, when u use it transfer money from CIMB account to other bank account.

However, Cimbclicks system is the weakest online banking system if comparare with Maybank, RHB Bank and Public Bank that i try to use before.

why?

normally i unalbe login Cimbclicks during working hour time, its always down from the morning until evening.

but for save the transaction cost, i still will continue use Cimbclicks services but only in after working hours.

Personal Risk Protection 1st before Invest

before we use money to do any investment, we have to take personal insurance cover 1st before we go for invest.

currently even we go to the government hospital with just do small operation, its cost about few thousand, how about private hospital? the bill is double, triple or more expensive...

the basic insurance that we needs;

1) life or permanent disability
2) 36 critical illness
3) medical card
4) personal accident


my insurance coverage;

Great Eastern Stand Alone Medical Card

RM369 yearly permium - premium will increase when age increase.

RM60,000 yearly claim on medical fees
RM180,000 lifetime limit


Great Eastern Living Care RM25,000+ Personal Accident RM25,000

RM446 half yearly permium - premium is fixed for life

*its 3 in 1 protection plan, which means if life assured passed away, permanent disability or having 36 critical illness also can claim.

* the RM25,000 protection for basic sum assured will increase by years to years.

wait another 2 years, i will add on my coverage with another insurance plan - investment link.

Maybank Visa Debit Card

since government announce to charges RM50 tax per credit card from credit holder, its time to consider change your credit card to debit card as soon as possible, unless u dont mind to pay the RM50 per credit card and RM25 per sub card.

apply the Maybank Visa Debit Card better than hold an ATM card, since ATM card still have to pay the annual fees RM8.00.

Maybank Visa Debit Card have 2 in 1 function, can withdraw money at ATM machine from yr saving account and purchase at Visa accepted outlets.

this card also free for annual free, but when i convert from my ATM to Maybank Visa Debit Card, its will charges RM12 for one time charges.

for more information, can visit Maybank2u to find out more details.

CIMB eFD

Cimbclicks have provide online open Fixed Deposit account - eFD.

i have try it on last few months, its better than open eFD with Maybank2u;

why?

21-9-2009 is public holidays, i though when i use Cimbclicks to open eFD account, the effective date should be on next working day. however, when i finish all the step to open the eFD account, the effective is start on 21-9-2009.

from my experience to use Maybank2u to open eFD account, the effective date should be on next working day, because the home branch staff have to proceed for open the eFD account for customer.

see, my eFD with Cimbclicks is effective on the spot even it is public holiday.


just choose Account Opening

fill in details;

if u have no time go to the bank open FD account, then still can choose open FD account through internet banking.

even for the eFD withdrawal, its also go through from the internet banking, without need went to bank personally waste your time and your petrol.

i prefer save money in FD account compare with saving account, because FD account interest rate still higher than saving account.