Start Late Finish Rich

Recently just read this book, Start Late Finish Rich by David Bach. A very recommended book for your life financial planning. My point of view is this book should become a textbook in secondary school or university.

This book actually sharing of a " No Fail Plan For Achieving Financial Freedom At Any Age". The author already inspired thousand of thousand people to become financial independent.

The Author David mentioned never too late to start your financial planning and retire in very comfortable life. The Latte factor mentioned by David is very true in our daily life, people easily spend their money by their heart.

Anyway, dont read this book if you still want to enjoy your life by your heart. Dont read this book if you think 2012 is a doom day for the world.

The book also got translation version in Mandarin.

Just share some of the "Finish Rich" Philosophy.

- It is not too late for you to become rich - if you start today.

- Even if you are buried in debt - there is still hope.

- You dont have to make a lot of money to be rich.

- You dont have to invest in the stocks to get rich.

- You can get rich in real estate - by starting small.

- You can find your Latte factor - and turbocharge it to get rich.

- You can start a business on the side - while you keep your old job and continue earning a paycheck.

- You can spend less, save more, and make more - and it doesn't have to hurt

- You can and should reawaken your dreams - and go for them.

Hope you enjoy reading this book and practising the content of the book and will see you become rich after 30 years.

NEW TARGET - P&O

I am wonder what is the bursa theme for next year. So I typed "top pick in klse 2012" and there is not much search result as 2012 not come yet and no one bother to write for 2012.

So I think I have to speculate myself or do my prediction myself. With some research and reading, I make a guess for general insurance related share - which mean all the listed company that have motor insurance business.

Why I make this prediction because there is an increase of motor insurance premium which is approved by Bank Negara Malaysia. Since motor insurance was not revise for more than 30 years. The motor insurance premium will be adjust from 2012 to 2015.

Here is the link that I get info to support my prediction and speculation http://www.bnm.gov.my/index.php?ch=8&pg=14&ac=2220
http://www.thesundaily.my/news/local/higher-premiums-motor-insurance


And why I choose P&O because P&O paid very good dividen. If you purchased 1000 P&O share at cost of RM800 and you will entitled RM 56 for dividen. That mean the interest of P&O share is definitely higher than bank's fix deposit which is at 3% per annum - that mean you only get RM30 if you save RM1000 in fix deposit.

Secondly, P&O has largest market share of motorcycle general insurance.

Thirdly all the small and medium motor insurance company will become merge and aquisition target by big player or international player of motor insurance - P&O will also become one of the target.

Fourthly, P&O also has very low PE ratio.

Below is the link to show Kenanga Research House that commend on P&O

http://www.pacific-orient.com/poi/News/Kenanga_Research-P&O.pdf

I also make a guess for Kurnia Asia and MAA as these two share also consists of motor insurance. LPI also fall under this category but the share price is a bit high.

Just think about it! This blog is not advising nor teaching nor asking you to purchase any share but just to share some point of view and speculation and prediction of share market. Please take your own risk and excess your risk taking ability before investing in share market.

Oppurtunity = Preparation + Timing