Your Personal Financial Solutions

OD atau Overdraft facility adalah sejenis pinjaman atau pun loan, tetapi ianya berbeza dengan jenis-jenis pinjaman yang lain seperti housing loan, car loan dan sebagainya. Ini kerana OD sebenarnya adalah satu kemudahan pinjaman yang di 'standby' kan oleh bank dan tidak semestinya digunakan oleh pelanggan.

Ciri-ciri Over Draft (OD) :-

1. Mesti digunakan bersama current account atau Akaun Semasa (Guna cek)

2. Selalunya memerlukan cagaran samaada dalam bentuk hartanah atau dalam simpanan tetap. Kalau nak cepat dapat boleh guna simpanan tetap atau Fixed Deposit (FD) atau Amanah Saham Bumiputera (ASB)

3. Jumlah OD yang diberi bergantung kepada nilai cagaran dan juga kekuatan kewangan pelanggan. Rekod dengan bank juga amat penting. Oleh itu jika anda masih baru dengan bank dan kedudukan kewangan (Dari segi gaji, tanggungan atau keuntungan syarikat) masih lemah dan anda letak Fixed Deposit sebanyak RM10,000 maka anda mungkin dapat sama nilai i.e OD juga RM10,000. Ini dipanggil One To One Basis.

Kalau anda dah lama dengan bank tu, kedudukan kewangan baik, rekod pembayaran pinjaman sebelum itu baik maka anda akan dapat lebih dari apa yang anda cagarkan. e.g anda letak Fixed Deposit RM10,000 mungkin dapat RM20,000 kemudahan OD.

4. OD boleh dipohon oleh pelanggan individu dan syarikat.

5. Persamaan dengan jenis loan yang lain ialah kemudahan ini dikenakan Faedah. Faedah biasanya diletak berdasarkan BLR atau Base Lending Rate. BLR ini merupakan kos untuk bank memberi pinjaman kepada pelanggan mereka.

Oleh itu faedah keatas OD anda mungkin akan dinyatakan dalam bentuk :-

Kadar faedah OD = BLR + 3
kalau BLR semasa ialah 12% maka
Kadar faedah OD anda = 12% + 3% = 15%


Anda juga perlu ingat yang BLR boleh berubah dan jika BLR naik ke 15% maka kadar faedah OD anda juga naik menjadi 18% (15% +3%)

Sila semak juga kadar faedah OD itu dikira bagaimana, sama ada:-

1. Flat rate (Macam pinjaman kereta)
2. Monthly rate
3. Daily rate

Jenis-jenis rate diatas akan mengenakan faedah yang berbeza. Walaupun ketiga-tiga jenis kadar diatas adalah 7% setahun tapi pengiraannya berbeza. Yang paling mahal ialah Flat rate.

6. OD juga boleh digabungkan dengan Housing Loan - Sebagai contoh jika anda ambil pinjaman perumahan sebanyak RM100,000 dan anda dah bayar RM40,000 dan baki pinjaman tinggal RM60,000 maka bank akan bagi anda OD sebanyak RM40,000 tertakluk kepada nilai pasaran rumah anda itu. Ini bergantung kepada bank sebab bukan semua bank menawarkan pinjaman sebegini.

7. Nilai pasaran cagaran anda boleh memberi kesan kepada OD anda. Jika anda gunakan tanah anda untuk mendapat OD sebanyak RM100,000 tetapi di masa hadapan nilai tanah anda jatuh dibawah RM100,000 maka jika anda dah guna sepenuhnya OD anda maka anda kena selesaikan perbezaannya.

Contoh:
1. Amount OD diluluskan - RM100,000
2. Nilai pasaran cagaran - RM90,000
3. Jumlah OD yang anda dah dan sedang guna - RM100,000
4. Jumlah kena bayar serta merta kepada bank - Jumlah OD dah guna - Nilai cagaran
= RM100,000 - RM90,000

Jika anda tak gunakan OD anda hingga maksima maka bank akan turunkan amount OD yang boleh anda gunakan itu.

8. Permohonan untuk OD agak sama dengan loan-loan lain terutamanya jika anda menggunakan cagaran dalam bentuk hartanah seperti rumah dan tanah. Jika anda gunakan FD anda atau sijil ASB dan hanya mohon OD sehingga 100% nilai FD atau ASB anda maka permohonan adalah lebih cepat dan mungkin boleh terus diluluskan oleh Pengurus Bank cawangan anda memohon itu. Ini kerana OD anda tu tidak mendatangkan apa-apa risiko kepada bank.

Untuk kemudahan OD yang dipakej bersama pinjaman perumahan anda mungkin tak perlu apply kerana ianya diberi secara pakej dengan pinjaman perumahan anda itu.

9. Kadar feadah OD akan dikenakan kepada jumlah OD yang anda gunakan sahaja. Jika tak digunakan tak ada feadah yang dikenakan.

10. Bagaimanapun kebiasaannya bank turut mengenakan Commitement Fee untuk jumlah OD yang tak digunakan. Ini adalah kerana walaupun anda tak guna lansung OD tu tapi bank telah pun 'standby' kan jumlah OD anda itu dan menunggu untuk anda gunakan.

11. Biasanya kadar faedah OD lebih rendah dari kadar faedah kalau anda gunakan kemudahan Cash Advance melalui Kad Kredit.

12. Kemudahan OD juga boleh mengelakkan dari anda mengeluarkan cek tendang sebab jika anda keluarkan cek RM10,000 tapi dalam akaun anda cuma RM8,000, baki RM2,000 yang tak cukup tu akan secara otomatik diambil dari klemudahan OD anda itu.

Kemudahan OD amat berguna jika kita manfaatkanya tapi jangan salah guna sebab sama seperti penggunaan kad kredit ianya boleh membebankan jika terlebih atau tersalah guna.

Kelebihan OD ni ialah ianya satu standby facility dan jika anda tak guna maka anda cuma perlu bayar sedikit sahaja fee untuk maintain the facility dan jika anda sesak nak pakai duit maka anda tak perlu pening-pening nak pakai kad kredit atau lagi teruk pinjam dari Along.

Why do you NEED to invest? Do take note that the question is not, “Why do you WANT to invest?” What’s the difference here?


Here’s my answer to both questions above…

The reason I WANT to invest is to gain a strong, positive cash flow that is capable of providing me financial freedom in whatever market conditions.
The reason I NEED to invest is to cope with personal, family, Malaysia and world inflation rate.


Why is this so?

Malaysia’s inflation rate
I am living in Malaysia. Obviously, I need to ensure that my investments cater for my country’s inflation rate. Malaysia’s inflation rate is normally at about 2% to 4%.
Example: How much shall a cup of coffee cost in 20 years to come (future), now (present) and 20 years ago (past)?

World inflation rate
Because of globalization, the world is becoming a ‘small’ place. To a certain extent, we do need to consider this too. This would be more evident for constant vacationers.
Example: How much increase in a cup of coffee would be when you visited country X 20 years to come, now and 20 years to ago?

Personal inflation rate
The personal inflation rate can easily range from 6% to 20% or even more. This is the most worrying one as once you have maintained a certain standard of lifestyle, it is difficult to reduce the standard. Huge amount of ROI need to be obtained to ensure similar lifestyle in the future.
Example: 20 years ago, drinking a cup of coffee in a ‘kopitiam’. Now, drinking gourmet coffee in Starbucks or Coffee Bean. How about in the future?

Family inflation rate
Once you started a family, inflation rate would slowly rise. Inflation rate varies depending on your family lifestyle and goals.
Example: 40 years ago, a certificate/diploma is sufficient. Now, a degree is only sufficient. PhD is only sufficient in 40 years to come?

Please take note that different people have different reasons... The above are based on my point of view...

GSPA is an account that allows individual customers to invest in gold in a convenient, more secure and cheaper way.

GSPA is one of the best ways for a customer to build up a personal gold portfolio by purchasing small amounts of gold on regular basis over a period of time. This "cost averaging" will ensure that the total gold investment will be acquired at the average gold price.


What are the benefits of having a GSPA?


1-It is secure, being introduced by the country's largest bank, 100% backed by physical gold and in collaboration with the World Gold Council.

2-It is cheaper as the gold prices quoted will be pegged to international gold prices without the usual additional charges.

3-Customers can invest in small amounts at a time i.e. minimum 5 grams.

4-There are three flexible withdrawal options i.e. in Ringgit, Gold Wafers or Gift Gold Certificate.

5-There is opportunity for capital gain if the gold price appreciates.
Gold can be a hedge against inflation.



Internationally, the gold price is quoted in US Dollar per ounce. You will make a capital gain if the gold price appreciates.

Why interest is not paid for GSPA?

When a customer purchases gold through GSPA, this is recorded into a passbook. The Bank actually keeps the gold in safe custody for the customer and as such interest is not paid.
The Bank will charge the customer an administrative fee for this service at 1/4% p.a. on the highest gold balance per month.


When is the right time to purchase gold?
The right time would be when the gold price is low.


If you interested in GSPA, kindly contact selected banks in your locality.

My recommendation: For maybank's gold saving, the buy/sell spread is too big. For better spread, open OUB account in Singapore, the spread per gram of the 999.9 gold is only 0.10 cents.

THE KL Composite Index (KLCI) finished the week with sharp losses on renewed selling in all main index-linked stocks as well as the bearish sentiment influenced by the declining US and Asian markets.

Concerns over a US recession and the bearish impact it would have on markets worldwide are becoming real. Recent comments by the world's richest man, Warren Buffett, that the United States is already in a recession and his uneasy feeling as to how long it would last have generated some uneasiness among large hedge funds.

The KLCI fell from a week's high of 1,344.46 to a low of 1,277.69 points and finished the week sharply lower at 1,296.33, down a hefty 61.07 points or 4.50% from the week before.

All the top 10 index-linked stocks settled the week with large losses.

Volume for the week eased slightly to 1.169 billion from 1.222 billion shares the week before. The daily average volume fell to 233.9 million from 224.5 million shares.

The weekly candlestick chart ended negative and pointed to further downward pressure this week. There were five black candles in the past seven days and the gradual downward pattern shows the index would resume its journey south.

In last week's column, I mentioned that a vital chart support stands at 1,350–1,330 points and, in the event of a successful break below these support levels, the index would trend lower and test its six-month lows at around 1,300–1,280. This has come to pass and we have the index closing the week at the mid-range of this minor support base.

I expect the index to make an early downward break from here this week and head south to initially test the 1,250–1,230 levels. My technical outlook would turn very bearish if the index fails to hold at these levels. My minor chart base is now adjusted lower to the 1,200–1,180 levels.

Technically, I am bearish in my near-term outlook and would look to any intermittent bullish rally to sell just as over the past couple of months most people took the opportunity to buy on any dips.

The overhead resistance for the immediate term is now pegged at 1,300–1,315.

The daily technical indicators closed the week mostly negative and called for more downward pressure for the immediate term.

The daily stochastic triggered the sell signal on March 6 and suggested the index was in a bearish extended-move phase. The oscillators per cent K and D closed lower at 16.83% and 9.91% respectively.

The daily Money Flow Index (MFI) ended slightly higher at 19.12 points and showed light accumulation occurred last week.

The main trend-tracker, the 3- and 7-week exponentially smoothed moving-average price lines (ESA-lines), gave the bearish divergence signal on Jan 25 and continued to show the main trend was bearish.

The 3- and 7-day ESA-lines, remained in bearish divergence and indicated the bearish cycle would continue this week.

The 5-day Relative Strength Index (RSI) settled higher at 24.85 points. Analysis of the RSI shows the index was now out of its oversold position.