Tuesday, September 16, 2014

Ebola At Our Gate?

I was rather down when I read the statement from our immigration Department which stated that there would absolutely be no restriction of entry for Students coming from Africa despite the current Ebola crisis occurring  largely in West Africa and now has spread to Nigeria.

Rapid travel by air is the culprit. Those who travel are well advised to take precautions like washing hands with soap and water frequently and resort to wearing masks if the passenger next to you is coughing and sneezing all night on long-haul journey.

The news of an African student entering Malaysia with signs and symptoms which are suspected to be an Ebola infection is disheartening and frightening to say the least. Though Malaysia is equipped to deal with the scourge having dealt with the SARS problem ten years ago, we cannot but be highly concerned. Unlike SARS, Ebola Virus Disease (EVD) has a high case fatality rate, killing almost 50% of its victims and like SARS there is no cure, neither  is there a vaccine to prevent it.

The report of the fourth doctor to have died of the infection in Liberia is disconcerting though we understand the condition there is a lot less favourable in terms of detection, diagnosis, management of cases, contact tracing and isolation procedures. The problem there is compounded by poor education of the people and the belief in the unknown, poverty and the  mistrust of health personnel.

Though it is said that Ebola virus is hard to be transmitted, the risk of fatality to infection is high due to its virulence nature and massive immune response causing widespread internal bleeding in organs.

So do be careful when you are in the crowded international airports. You never know.

Tuesday, September 9, 2014

Mid-Autumn Mooncake Festival Celebration 2014

The Mid-Autumn Festival falls on the 15th day of the eighth month of the Chinese lunar calendar, it's a joyous festival celebrating the harvest (in the past), family and friendship.

One of the most important part of celebrating the Mid-Autumn Festival is to buy and give mooncakes to your friends and family.

For me the best part is surely eating slices of a mooncake together....







Yummy Lotus Paste Filling

The mooncake is round, like the moon, and this represents reunion of family and friends. When friends and relatives eat slices of the mooncake together, the moment signifies that they will be reunited in the future. And If you eat mooncakes given to you as a gift by other people, it is a sign that you will meet them again.... all good and happy thoughts! A beautiful tradition.

Saturday, September 6, 2014

AMB Value Trust Fund 2014:Unit Split and Income Distribution

For financial year ending on 31 August 2014, AMB VTF has decided to go for a unit split of 1:6 that is one unit free  for every existing six existing units that an investor has on Thursday 28 Aug 2014 when the NAV was 0.5325. Transaction was suspended on Friday 29 Aug.

Spreading Love on MERDEKA day

Hence if you had 500k units then, you would have an additional 83,333.33 free on the following working day Tuesday 02 Sept. when the NAV was down to 0.4564 translated into an income of RM38,033.33 and your accumulated units now stand at 583,333.33.

Basing on the NAV on 28 Aug, your income distribution is at 14.28%. But to calculate your annual return on investment you have to go back to the total capital you have invested at the various NAVs over the period of investment.

I have been investing in this unit trust for just over two years (after holding off for a number of years due to lack of certainty ). When I compare this investment with say AS1M, the same capital over a two year period at a dividend rate of 6.60 sen per annum,  I must say AMB VTF has given me more return on my investment by about 16% over AS1M's return. For me this asset class in my portfolio is doing just fine.

So folk I have decided to let my money stay in AMB VTF for another three years to maximise the returns (barring any risk factors in the financial market of course). Another thing, I always look forward to celebrating Merdeka every year when more love is being spread by AMB VTF.