We have purchased Amanah Hartanah Bumiputera (AHB) units...

Have you?  Mr Shan and I did our first buy yesterday.  

What is AHB?  AHB to me is an opportunity to have part ownership of certain prime properties in big cities in Malaysia, which currently most located in Kuala Lumpur.  By buying the units, it makes you the half owner of the properties.  You'll get the rentals in every 6-months without thinking of the maintenance or chasing your tenants every end of the month.  Well, how about that?

My family and I heard the break out news last week, when our Prime Minister launched this in the National TV.  Since that day, my mind boggled hard - Should We Buy It, or Shouldn't We?  Before the break-out news, I had an initial plan on investing in golds but after discussions with Mr Shan and definitely both of my account-parents, that would have to put on hold first.

What made us interested in buying?

1.  Divident being issued every 6-months.

2.  Most of the rules are Syariah-Compliant.

3.  No sales charge imposed.  Definitely no sales person chasing you around to buy it.

4.  Affordable.

5.  Long term investment.

6.  Definitely low risk tolerance.

But there are few things that require your concern

1.  There's no passbook/certificate.  A statement will be issued in every 6-months.   

2.  All puchasing activities will produce a validated copy of the 'Borang Pendaftaran'.  Make sure you keep it in a file. 

3.  Minimum purchase is 500 units = 500 ringgit, and maximum purchase is 200,000 units = RM 200,000.00.

4.  Minimum subsequent purchase is RM 100.00

5.  Minimum redemption/selling is at RM 500.00.

How to purchase the units?

1.  Bring your IC
2.  Bring your money.
3.  Fill in the 'Borang Pendaftaran AHB' form (you can get this from any Maybank branches).

Need more information?
1.  03-2297 7888 (Manager of PHB) or any Maybank Branches around you.
2.  Pelaburan Hartanah Launches RM1 Billion Amanah Hartanah Bumiputera
3.  Amanah Hartanah Bumiputera (AHB)

Mr Account Ayah calculating at 5.30 a.m.

2010, Money and 2011?

2011 is just around the corner and I bet everyone has started thinking of visions and goals.  Its too early though to disclose your missions but anytime is a good time to speak in blogosphere...

This is what keeps on rambling in my head day-to-day.  Money.  I don't have a big payslip, I don't have any business talent and I am certainly not a big-risk taker.  So I don't see myself driving a big fancy in 2011 because I know I can only afford steering the 660cc drive machine.

More or less money you have, the no 1 rule of money is 'Management'. 

Anyhow, If you guys don't mind, I would like to share some of the practices that I have created in 2002, have carried since then and will be carried forward to 2011.

1.  Fencing System (Pagar Duit)

I have registered few bank accounts years back.  When the money comes in every end of the month, the first thing to do is to seggregate the money to these accounts.  Each account must have a limit of 'spending'.  You do the limit.  Say for example, you have 270 ringgit in your account.  Put 200 as your fence.  Do not fall from that fence, or you will be eaten by an alligator. 

2.  AKSD (Aku-Kena-Simpan-Duit) method

If you are living in Malaysia you have the access to these minor-risk investment from an institution called PNB.  Think your ASB account as your pet.  Feed the pet and the pet will get fat.  Save up as less as 50 ringgit per month without fail.    

3.  Daily Food Allowance

I am receiving daily food allowance from my husband for 15 ringgit.  In year 2009 it was 10 ringgit.  The years before were lesser.  Having 1 extra money container really helps.  Everytime there is balance, I'll shift it to the other container.  Without realizing it, there is 50 ringgit in the container.  Then its sushi feast!

Those are the simplest methods that I have used to manage my daily financial routine. If its a good practice to me..it may turns out good to you too.  So give it a shot...

...thanks bungaoren for the photo-shopping session..