Wednesday, May 10, 2017

Is that investment scheme legal ?

Dear Sir,

We refer to your email dated XX May 2017 on the above.

For your information, if the investment scheme clearly offers an investment opportunity by collecting deposits from the public and investors are promised investment returns within a certain period of time, whereby the original investment will be refunded, it maybe contravene Section 137 Financial Services Act 2013 (FSA). This investment activity is against the law and you are investing at your own risk. Please invest only with licensed financial institutions only.

An easy way to identify and verify whether or not a company is licensed by Bank Negara Malaysia (the Bank), you can refer to the licensed institutions list on our website by following this URL
If the company is NOT LISTED on our list on the website, it simply means that the company is NOT LICENSED NOR APPROVED by the Bank to offer any financial services or products.

You may also cross check with Securities Commission's (SC), Suruhanjaya Syarikat Malaysia (SSM) and Kementerian Perdagangan Dalam Negeri, Koperasi dan Kepenggunaan (KPDNKK) on status of the company via their website :

If you have any information pertaining to illegal deposit taking activities or illegal foreign currency dealings or a victim of such activities or scams you can send details of such information or complaint together with the documents to the Bank as follows:
LINK & Regional Offices
Bank Negara Malaysia
Jalan Dato' Onn
50480 Kuala Lumpur
Fax: 03-21741515
Please be guided accordingly.
For more information on banking, insurance, takaful please visit &
For more information on Agensi Kaunseling dan Pengurusan Kredit (AKPK), please visit
Thank you.

Bank Negara Malaysia
No Tel : 1-300-88-5465
No Faks : 03-21741515

Wednesday, May 11, 2016

Make Money Easy ! Scam or Trap ?

Ever seen easy money making offer ?  They are always very convincing - - -

It even challenge you to leave, this is reverse psychology making us to feel that he really has something here . . .

calls for action again, this is the most important step to close a sale.

Reassure you it is EASY.  You earn money Right away even if you are dump.

 Finally the number is out.  This is what they want from you.

Quickly follow by wordings like "FREE" make sure you feel good again

this should caught your eye, what to reinvest? is it a must?  I can't be all out?

 Reassure you again its ok if you are dump

The payment page is not a secure page, even the error message is wrong implying this page is modified from some other template related to phone!?

 You are in !  Happy ?  You must be thrilled because you will be a millionaire soon !

So what are the catches ?  Well, don't curse them nor say they are cheating you.  Because they have already lay down the answers to you as well, in the fine print.

In this case, this is actually forex trading which they use binary option.  They make it easy so that you don't need to know anything but just "bet" on up or down.  Very much like betting Big or Small on a roulette table.

Is this a scam ?  Well, no one will sell you a piece of cake by telling you what addictive they added to keep them puffy.  They always tell how healthy and tasty it is.  It is a part of sale process.  No matter how simple I could make it, if I sit down and explain forex properly most would doze off or walk away in less than minutes.

This is a carefully crafted piece of art, the best sales messages ever.  Even if I have written many of such sales pitch myself in other occasions but when I read this, the urge to join them is still there and strong.  It adheres to all the NLP selling techniques, each word is used precisely to bring out the human nature in us to trust him.

In this case, this site was setup in 2015 and regulated by USA law.  Some people actually makes good money from this scheme.  People who continuously use this method however, is less happy.

What do you think?  Would you call this a scam ?  Or a good sales pitch ? Or it doesn't matter as long as you earn money then its a good thing ?

Monday, May 2, 2016

There is NO SUCH THING as Passive Income

By now, the word "Passive Income" is so Overrated !!

Some even are promoting it as Get Rich Scheme where you don't need to do anything and yet you are able to earn income for FREE !!

from some findings on the meaning of  PASSIVE : it says ~
not participating readily or actively; inactive:
not involving visible reaction or active participation: 
Contrary to above, no matter what kind of income you are getting, you would definitely require some form of active participation to make it happen or at least to get it started in the beginning;  and contrary to the meaning of passive, whatever smart income you have generated would have anticipated very clear and precise vision on the reaction or expected results even from the very beginning.

Hence, the intention of writing a book titled above is born!

The book will preach about Smart Income instead.

  • It will list out some of the popular passive income methods, discuss on what works and what not in today's society, and for those that works, how to make them works even better 
  • then it moves on to what most would normally never considered as passive income, and how it can also be turned into a form of Smart Income contributing positively to the success of your very own personal finance
If your concepts, ideas, writing or comments are used in the book, the net income from the publication will be shared with you as long as you leave us a contactable method.

The very FIRST thing in Personal Finance

Until now, when teaching in Personal Finance, a lot of gurus still emphasize the very first thing is to identify a Goal.  While that is true but there are a few disadvantages with that approach;

Friday, April 29, 2016

Quantshare - Stock

Quantshare is a software that allows you perform technical analysis on stock market movement.

As far as I know, it is very powerful because it allows you to select any stock markets in the world and create your own "trading components".  As it has been around for a while, you could easily find any stock markets data to download and also many "trading components" that other people have created.

You could try use it FREE for 14 days if not mistaken.  Download it, try it and let me know your experience in comments below.

If you are interested, you could post an article here about how to download and use it for Bursa Malaysia and which trading items you have chosen.

If someone could help dig out who is behind Quantshare, do share too, thanks a lot in advance !!