Overdraft Jitters! Ouch!

Helpful debt resource?

Sure, it may be easy cash just when you need it.

A real life-saver.

For me, whenever I get a scam call over my mobile, I will always retort, " No, I do not want a personal loan. Any possibility of an overdraft?"

Overdraft facility are not easy to get. You may need to have huge fixed deposits at the bank for them to consider.

Fortunately, I got mine when they issued a credit card to me as an attraction- a sweetener!.

Carrying until your arms drop!

This one is the cheaper version though it is still higher than the industry overdraft facility. Instead of charging me legal fees for a loan agreement, they take an insurance on the quantum. I had this for more than 20 years and it had served me well.

I am unfortunately having another more expensive one.

The one from a foreign bank is a instant killer.

The interest for the lesser one may be about 8% interest but the latter charges  'an arm and a leg' tariff of 12% a year. The interest runs almost like a fuel meter when you fill up you car with gas! You will run amok if you see the bill at the end of the month!

Poor Graduate Debts

Yes, believe me,it will give you the jitters when you see the charges. Your mood may be bad the whole day long.Even a few day's borrowings can caused a burn in your wallet.

If you do not use it, it will be evaluated every quarterly and shrunk by a proportionate amount. I will let this one out to die on its own because of its Sylockian features that are inhumanely built-in.

As for the other one, I will have to live without it when they take it away.

So, the days ahead may be a frugal time for me.

Whatever it is, with or without overdraft facilities, it is the jitters!

No Loans for Old Men

No Country for Old Men

When you are old, even the banks look at you with disdain.

Don't talk about insurance companies. All policies will be expensive.

Assuming that a person gets a loan to buy a property, he will get the shortest payback period and will have to pay more than a bundle! This is like burning candles from both end.

Equivalent to getting the short end of the stick.

Sorry, no loan-lah!

So, if you want to buy a property, buy it early while you are still working and there are years ahead to pay the installments in a less costly amount.

When you are old, they do not even stipulate that you buy a MRTA-a mortgage reducing term assurance policy.

Even a standby mortgage is useless if you cannot afford to pay back the installments.

If you should 'knock' off, they will just get your next of kin to pay the balance owing or put it on the block to get their money back!

Really, its no country for old men!

Foreign Funds Dumping Telecommunication Stocks?

Least Damage

All you need is one smart alec to say that all the telecommunication shares on BSKL are overvalued.

Then all those foreign fund managers played dunking doughnuts and sold down telecommunication stocks on BSKL,wiping huge chunk of capitalization from Axiata particularly to Digi. Telekom Malaysia (TM)did not fare badly.

Are these really foreign funds?

Most Damage

While you see some traction in the buying up of Axiata shares as it appears to be oversold- down almost RM 1.80 ,there was marginal loss in TM. The one that also got the brunt was Digi.com which had lost almost RM 0.90 sen.

Median Damage

Tomorrow is Friday and it looks like it is a long way to climb back  to their former highs.

Worse, next week has only 3 trading days.