Wednesday, January 28, 2015

你有足夠錢給你的退休嗎?

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閱讀了這篇文章 https://ringgitplus.com/en/blog/Household-Budgeting/Will-Your-EPF-Be-Enough-For-Retirement.html , 如果需要有一個美好的退休旅程在黃金歲月, 我們可能需要平均五千馬幣來當開消費.

最簡單以及[超簡單]的方式是把兩百萬馬幣存入銀行定期戶口(最低風險性的方法).

計算法:
平均定期回酬率: 3% (如有超過3% 會更好, 或者選其它更好的投資工具)
年入回酬額: 兩百萬 X 3% = 60,000 馬幣
這會轉換成月入回酬額: 5,000 馬幣

結論:
如果你要享有月額五千馬幣在你想要的退休計畫中,將你可能需要兩百萬馬幣在你手中.

只是一個問題而已,那就是[如何擁有第一個兩百萬]在還沒有達到黃金歲月呢?

How Much Is Enough For Your Retirement In Malaysia?

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Read the article https://ringgitplus.com/en/blog/Household-Budgeting/Will-Your-EPF-Be-Enough-For-Retirement.html , to have a better retirement lifestyle in golden age we may need an average monthly expense of 5000 MYR.

The simplest and 'brainless' method is to have 2 millions MYR and place in Bank's Fixed Deposit (Least Risk method).

Calculation:
Average Yearly Fixed Deposit Rate: 3% (If more than 3% then is better, or better investment tool)
Yearly Receivable Interest: 2 millions X 3% = 60,000 MYR
This translates to Monthly Receivable Interest: 5,000 MYR

Conclusion:
If you want to have 5,000 MYR monthly as your retirement lifestyle then you may need to have 2 millions MYR in hand.

The only question is HOW TO GET THE FIRST 2 MILLIONS before the golden age?

Tuesday, January 27, 2015

IBM to cut more than 111,000 jobs in largest corporate lay-off ever

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IBM will lay off 26% of its workforce this week according to one veteran IBM-watcher, which equates to over 111,000 staff (Reuters)

In what is being called the largest corporate jobs cull in history, IBM is set to axe more than 111,000 of its staff this week.

Dubbed Project Chrome internally at IBM, the process will see 26% of the company's workforce laid off in one fell swoop, meaning that 111,800 people could lose their jobs before the end of January based on IBM's global workforce of 430,000.

News of the job cuts come from veteran Silicon Valley reporter Robert X. Cringely, who recently published a book entitled The Decline and Fall of IBM.

In his report on Project Chrome, Cringely says that those affected by the cuts "will all be gone by the end of February". He said that while there would be a significant number of jobs lost in the US, the axe would fall on all of IBM's locations around the world. The cuts in the US are likely to affect the company's mainframe and storage divisions most dramatically.

Falling revenue

Currently the record for the largest single corporate lay-off is also held by IBM, having fired more than 60,000 of its workforce in 1993, but this would be dwarfed if Cringely's predictions come true.

Last year Microsoft hit the headlines when it had its largest ever jobs cull when it laid off more than 18,000 staff in one go.

IBM's problems were underscored last week when it announced another set of weak quarterly revenue figures, its eleventh straight quarter of declining revenue.

Following those results, CEO Ginni Rometty said the company was in transition but made no mention of the huge job cuts: "We are making significant progress in our transformation, continuing to shift IBM's business to higher value, and investing and positioning ourselves for the longer term."

IBM's problems stem from the fact that customers are moving their storage infrastructure to the cloud, meaning they no longer need physical data centres on site and therefore don't need service contracts with IBM to help maintain them - a business which accounts for two-thirds of IBM's revenue.

Monday, January 26, 2015

ECB Can No Longer Duck the QE Question

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Expectations High That ECB Will Start Buying Eurozone Government Bonds

The European Central Bank’s date with destiny is fast approaching.

With headline eurozone inflation running at negative 0.2% and expectations of future inflation sliding, the market’s belief that ECB President Mario Draghi will announce on Jan. 22 a program of sovereign bond purchases is now almost universal. The risk is that this ultimately proves disappointing.

So far, Mr. Draghi has worked wonders with words alone. But investors now expect him to write a check to match. Certainly, the Swiss National Bank ’s shock decision to scrap its currency cap is seen by many as a sign that the ECB is about to open its wallet in an effort to push its balance sheet—currently at €2.17 trillion ($2.54 trillion)–back toward €3 trillion.

If Mr. Draghi doesn’t announce government bond purchases, markets are likely to take it badly. Even if he does, investors might not get all the details they want on Thursday.

It isn’t clear that the ECB has yet solved the thorny practical problems involved with buying government bonds in the eurozone, or even how well quantitative easing works. Some argue that the U.S. and U.K. recoveries have been helped by QE. Both have averaged nominal economic growth of 3% a year since embarking on bond purchases, while the eurozone has managed 1.1%, Berenberg Bank points out.

Yet conditions in the eurozone today are quite different from when those two countries ventured into QE. Government yields were higher back then, and the U.S. and U.K. fiscal deficits were much wider than in the eurozone, implying that budgetary stimulus was being provided along with monetary firepower.

The eurozone financial system relies much more on banks than capital markets, making the efficacy of a market-based approach questionable. And the eurozone still suffers from structural barriers to higher growth.

In the eurozone, the mystery of QE is complicated by questions around its design. What does the ECB buy and in what quantities? How should credit risk be managed? One suggestion is that national central banks will buy bonds at their own risk. That might be acceptable to markets now but could cause problems in the longer term if a fiscal crisis re-emerges. Another option is to buy only triple-A-rated bonds, but that might hand unwarranted power to credit-rating firms and cause distortions. The risk remains of a compromise program that falls short of market expectations.

There could yet be political ructions too. The ECB will say that sovereign QE is a pure monetary-policy operation. But skeptics can argue it represents pooling of fiscal risk, something that the eurozone isn’t ready for politically.

At least one thing appears certain. In August 2011, when the ECB reactivated its now-mothballed Securities Markets Program, a crisis-era bond-buying facility, then-President Jean-Claude Trichet only alluded to purchases obliquely. This time, if the ECB is going to buy government bonds, the message should be delivered loud and clear.

-- THE WALL STREET JOURNAL