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Investing Silver in Malaysia (2 Comments)

May 8th, 2011

Malaysia Physical Silver Bar Investment and Trading

As news of the dropping silver prices continue to dominate financial headlines, I hope that serious precious metal investors are not deterred by the fact that every investment has its unique set of risks, and the recent sell-off is mainly attributed to the speculative advertisements campaigns that has been building up for the past few weeks. In fact, if you look at the bigger picture, crude oil is down just as much. So, what we are looking at is not just the weakening of the silver.

For the past weeks, I’ve been working with St Silver Ventures to bring silver bars to Malaysian investors who are interested in keeping these precious metal in their own ‘Fort Knox’. Of course, one of the obstacles in holding these tangible investment products is ‘warehousing’, and St Silver Ventures has provided various alternatives for that:

As quoted from their website:

Suggestions of places for storage in Malaysia :

1.Royal Safe Deposit Boxes – www.rsdb.com.my

2.Safe Deposit Box Sdn Bhd (795581-A) – www.safedepositbox.com.my

3. My Safe Box – www.mysafebox.com.my

4. Banks with safe deposit facilities.
-Public Bank
-CIMB
-RHB

Find out how you can start investing in physical silver bars today.

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A World Without Money (1 Comment)

April 27th, 2011

Based on the blogs at http://ResourceBasedLiving.com, regardless of whether if it’s realistic, it’s an enjoyable read, and the ideas presented are really worth a thought.

A-World-Without-Money

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5 Tips for a Pay Rise (No Comments)

April 26th, 2011

* Find out when your organisations have discussions about pay rises and who is involved in the decision.
* Keep track of your achievements and initiatives and quantify them as much as possible.
* Keep up to speed with market rates for your role – look at recruitment adverts and source data from headhunters and the association for your profession or industry.
* Make sure that during the year you focus on the performance objectives in your annual appraisal and your development goals and monitor progress regularly, rather than putting the document to one side, as well as other proactive initiatives.
* Prepare a business case to justify the value you bring and how you have helped your team and organisation achieve its objectives.

Read the full article.

I wonder if these strategies are actually applicable here in Malaysia, a country where almost everything is rising, except WAGES. And not many business owners I know who are actually very open with ‘salary discussions’. It’s almost as taboo as sex education in schools. It’s only when an employee submits her resignation letter that the boss finally take serious effort to review the employee’s performance and contribution.

And the best form of pay rise I’ve seen around here is job-hopping. Yes, it might be bad for your reputation as a job-hopper, but heck, it almost always worked!

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Yap Ming Hui on the New Rules of Money Management (No Comments)

April 24th, 2011

Yap Ming Hui’s ‘The New Rules of Money Management’ seminar is back again. For readers interested in ‘leveling-up’ their financial management skills, this is one seminar you shouldn’t miss.

And of course, all Meshio.com readers are entitled for 10% off the Seminar Fee.

*****Seminar Information*****

Seminar: The New Rules of Money Management
Date: Saturday, 7th May 2011
Time: 9 am – 1 pm
Venue: D’rapport Auditorium, Jln Ampang, Kuala Lumpur
Fee: RM 98 per person* ( inclusive of refreshments) payable in cash/cheque or credit card
* First 50 to register will receive a FREE BOOK worth RM 39.90

ARE YOU APPLYING THE OLD RULES TO MANAGE MONEY & GETTING NO RESULTS TO SECURE YOUR FUTURE?

Come and learn from renowned Financial Coach and Advisor, Yap Ming Hui – best selling author of 5 books on personal finance, TV Celebrity , and popular Newspaper Columnists who have helped many people, young and old, achieve Financial Freedom. Be a part of this eye opening 1/2 day seminar on 7th May 2011, to learn how managing money using the NEW RULES is the right way forward, and find out the “HOW TO’s” to manage your investment, plan your retirement, survive on a single income family, plan for financial security and more.

Financial freedom is attainable by anyone, anytime. All you need is the right planning and basic financial skills. And you can obtain it by equipping yourself with the knowledge to optimize what you have now, for the future. Remember, Take care of the present and the future will take care of itself.

WHAT IS THIS SEMINAR ABOUT?
The world has changed and old rules to managing money have become obsolete. To navigate today’s complex world of financial products and services, one must be equiped with ‘New Rules’ for today’s economy and renowned financial advisor Yap Ming Hui offers you just that.

Equip yourself with the knowledge to optimize what you have now, for the future.

This is NOT a seminar to sell you financial products. It is a seminar to educate and empower you to manage your money better TODAY.

WHO IS YAP MING HUI
Yap Ming Hui is a licensed Financial Advisor from the Securities Commission and Bank Negara Malaysia. To date, Yap Ming Hui has advised over RM 800 million worth of wealth portfolio for Malaysia’s multi-millionaires and business owners. He is the top selling author of five personal finance books including MAX WEALTH, THE FAMILY OFFICE: The Super Rich‘s Secret to Wealth Maximization, and Roadmap to Financial Freedom: The Ultimate Guide to Financial Freedom. Yap is the host of Financial Freedom Minutes on NTV7’s The Breakfast Show which airs every Tuesday and has his own columns in New Straits Times, Sin Chew Daily and New Man magazine.

The New Rules of Money Management by Yap Ming Hui

HOW TO REGISTER:

* Call Jeamie Lee at 012 3900 048 or write to jeamie@yapminghui.com
* To entitle for the 10% Discount on the seminar, please quote ‘Meshio.com’ during registration.

This seminar has also given a lot of participants a great understanding and control over their finances, and investments for their future. Hurry, and register NOW.

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How do you do that? (3 Comments)

March 28th, 2011

“What do I need to do to achieve this?”

“Where do I search for this?”

“How can I get from here to there (could be a location, situation or a condition)?”

“What’s missing here?”

If you heard these questions being asked very often, or you find yourself constantly bugged by these questions in relation to certain issues, it’s very likely an opportunity for you to explore the ‘rabbit hole’ further.

Like the old saying, it’s not that you cannot find the answers, but it’s whether you are asking the right questions.

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On Nuclear Reactors (1 Comment)

March 15th, 2011

From a retired nuclear engineer US based consultant (if anyone knows his/her name, please give me a tinker).

“First of all, yes, this is very serious, for one reason because there are multiple reactors involved. There are 10 reactors total in that locality; 6 older ones on one site (Fukushima I, units 1 through 6) and 4 larger, newer ones (Fukushima II, Units 1 through 4) sited on property 7 miles to the south. All are located on the oceanfront in order to use sea water for cooling the (non-nuclear) turbine-generators. It looks to me as if the Fukushima I plants are located on a peninsula that sticks out into the ocean. All of the reactors are a type known as BWRs (Boiling Water Reactors). The number of reactors and the similar names are currently confusing the hell out of US television and press reporters.

“At the time the earthquake struck, Fukushima I Units 1, 2, and 3 were operating (the others on that site were shut down for maintenance) as well as all 4 units at Fukushima II. All would have been equipped with seismic triggers which would have scrammed (rapidly automatically shut down) the reactors as soon as the earthquake registered. All shut down normally and their multiple, redundant emergency diesel generators were started as a precautionary measure. Then, within the hour, the tsunami struck. I don’t know for sure, but I doubt any of the plants were designed for an 8.9 earthquake followed by a 33 foot tsunami.

“Nuclear power plants are big machines and require a lot of power to run their pumps and equipment. Under normal operation, power to run the plants is taken off their own turbine-generators. If the plants shut down, the power is taken off the national grid. If the grid fails, large installed backup, redundant emergency generators start up. If the emergency generators fail, there are big emergency batteries, but they only last for about 8 hours and cannot operate big pumps. As in all nuclear plants, there are multiple routings for the power, to guard against single failure problems and make sure the power gets to where it’s needed.

“When a reactor is shut down, the fission process stops, but for several days afterwards significant “residual heat” is given off by the decaying fission products trapped in the fuel. This is normal, and the plants have (multiple, redundant) shutdown cooling systems to deal with removing the unneeded heat, which could damage the fuel if left un-cooled. In a perfect storm of seismic-related events, the shutdown cooling system(s) were damaged (or maybe plugged by debris) and the emergency diesel generators flooded and rendered inoperable for multiple plants at Fukushima by the tsunami. Because of the ruined roads, portable generators and replacement batteries could not be brought in.

“Perhaps due to the lack of power, the operators could not get sufficient cooling water into the reactor immediately after shutdown, which is when the residual heat is at its greatest. The reactor(s) continued to heat up, boiling the water already in the reactors into steam. With no operable main turbine generator to send the steam to, the steam was deliberately vented, per design, into the “containment buildings” which house the individual reactors. This steam, coming as it did from inside the reactors is generally mildly radioactive. These containment buildings are not the massive concrete pressure domes most common for US reactors, but weaker metal-framed concrete-sided designed to shield the reactors inside and prevent any contamination of the outside areas. If only mildly radioactive steam was in the containments, the steam could be filtered and released to the atmosphere and diluted to insignificance. Very slight offsite radiation would be noticed, but nothing dangerous.

“At some point, the water level probably dropped to below the top of the cores, over heating the zirconium alloy tubes that contain the fuel in the core. At 2200 deg F, the alloy begins to break down and one of the products is a lot of hydrogen gas. If the temperature in the core reaches 4000 deg F, the fuel in the tubes will also melt. This is the so-called “meltdown” scenario. Fukushima I, Unit 1, was the first to reach the limit of 2200 degrees. In my opinion, it was probably hot enough to breach the tubes and damage the fuel inside. Now the steam contains explosive hydrogen, and potentially highly radioactive debris, so it cannot be filtered and vented to the atmosphere and the pressure begins to climb in the containment building. At 2.1 times the design pressure, a spark or spontaneous combustion ignites the hydrogen in Unit 1 containment, resulting in the massive explosion seen on television and completely destroying the outside shell of the building. Real bad news, although the reactor is not exposed or damaged by this explosion. The reactor itself is contained inside a 6-inch thick stainless steel “containment vessel”, but it still is not getting enough cooling water. To prevent a complete meltdown situation, the operators have begun to use a fire pump to pump seawater into the core to continue the cooling. This is the nuclear equivalent of a “Hail Mary” pass, because they have run out of other options. Seawater will render the reactor unrepairable. They are sacrificing the plant in order to minimize the potential for wider exposure.

“It remains to be seen if the cooling efforts will be sufficient. Some offsite radioactive contamination in the local area is unavoidable now. A meltdown is possible, but not likely. Breaching of the 6 inch thick reactor vessel and also the 6 inch thick “containment vessel”, which would release large amounts radioactivity into the local environment, is very unlikely. A simultaneous fire, like the one that widely spread the debris after Chernobyl, is not really credible. A huge catastrophe, nonetheless.

“Very unfortunately, the same scenario is developing for Fukushima I, Unit 3. They have core damage, hydrogen production, and possible partial fuel melting as well. They are venting hydrogen to their containment building with the same potential for a hydrogen explosion. They are also now cooling the core with seawater. To make matters worse, Unit 3 is apparently fueled with Mixed-Oxide Fuel (MOX), a mixture of uranium and plutonium fuel. If this reactor core is breached, the presence of plutonium could bring the contamination problem to a whole different level.

“Three of the four larger reactors at Fukushima II are also experiencing similar cooling problems, but perhaps due to newer designs, seem to be under better control. I haven’t seen any reports of core damage from there.

If you want to keep up on what’s really happening, someone is doing a good job of describing the problems on Wikipedia, under Fukushima Nuclear Power Plants.

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