Lowyat.NET: Latest topics by TOS

BgFundr: Short-term Real Estate Loan Platform

TOS — Wed, 10 Apr 2024 13:37:50 +0800

Sharing something I found on HWZ today: https://www.bigfundr.com/

Some related news:

https://www.edgeprop.sg/property-news/bigfu...nteed-maxi-cash

https://www.businesstimes.com.sg/companies-...-bigfundr-70-15

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They cover real estate projects in SG, UK EU, and Australia. Past deals can be seen here: https://www.bigfundr.com/past_deals

Not sure if Malaysians can open an account, interested parties can give it a try.

Personal Loan Interest Calculation

TOS — Mon, 03 Jul 2023 14:57:56 +0800

Calling all maths nerds and experts.

Referring to this article: https://www.sinchew.com.my/20230703/7%e6%9c...90%86%e8%b4%a2/

I am mainly interested in the personal loan EAR computation.

» Click to show Spoiler - click again to hide... «

Translation for those who can't understand Chinese characters:

|Personal loan amount|100,000|
|Fixed annual interest rate|3%|
|Monthly repayment|1,100|
|Loan tenor|10 years|
|Total payment for 10 years|132,000|
|Total interest payment|32,000|
|EAR|5.46%|

My problem is I can't get the 5.46% p.a. number stated.

I use Excel's XIRR (assume loan starts in early 2010, ends at early 2020) and I get an effective rate of 5.95%. I don't know how the financial planner comes up with the 5.46% EAR. The difference in starting and ending year/time of a few days due to leap year/common year shouldn't be large enough to explain the nearly 50 basis points difference in EAR.

Excel file for reference: [attachmentid=11472038]

Appreciate if anyone can shed some light. Thanks.

Looking at [@dwRK]

Unable to Post after Security Verification

TOS — Wed, 15 Jun 2022 10:10:50 +0800

-- Please keep your post concise to ensure a speedy review from us. We suggest 250 words or less. --

Hi, I would like to inquire as to why I am repeatedly redirected to the security verification page whenever I want to post something on the forum.

I just click on the "Add Post" button and the image below is shown:

The above "security verification" page is shown for a few seconds and before I can do anything, the browser redirects me again to the forum's main page.

hence, I can't post anything at all.

Thanks for your assistance.

Request to Review Account Security

TOS — Tue, 12 Oct 2021 00:14:54 +0800

Dear admin/mods,

Please kindly check if there is anything wrong with my account security as I could not logout of my account (I am not in Malaysia at the moment, I am in Hong Kong, not sure if this is the reason why the page appears).

I encountered the same page earlier too when trying to login, but manage to login after clicking the "registration" page and continue my login from there.

Thanks for your assistance.

Options Q&A and Discussions

TOS — Mon, 11 Oct 2021 21:16:40 +0800

So, Ramjade got a new home I hope. You can "promote" you DIY-"premium" strategies here. All Q&As, discussions and "debates" regarding options and their strategies are welcomed.

QUOTE(small forumer @ Oct 11 2021, 08:59 PM)

Hi, I'm new to options
Is it really worth it for selling options?
From my understanding, you'll get the premium as "dividend" by selling options.
But what if the price goes down alot and the option got executed, isn't that loss might be huge comparing with the premium?
[right][snapback]102589596[/snapback][/right]

WARNING to beginners and the inexperienced: Options are highly risky and are strictly NOT for the faint-hearted. Basic understanding of the underlying securities of the derivative products (here, options) is definitely needed. Further study of the Black-Scholes Option Pricing formula is highly recommended.

https://www.investopedia.com/terms/b/blackscholes.asp

https://en.wikipedia.org/wiki/Black%E2%80%93Scholes_model

(Black-Scholes model is also used to price the stocks options granted to the executives of listed companies under the employee's stock plan in major MNCs)

People have ended up committing SUICIDE because of misunderstanding of options. https://www.forbes.com/sites/sergeiklebniko...sh=308843516384

Caveat lector!

CGS/CIMB Prosperus - new broker for US UK stocks

TOS — Thu, 10 Jun 2021 08:54:18 +0800

It seems like there is a new broker in SG.

https://www.prosperus.asia/

Fees: https://www.prosperus.asia/pricing/

Funding: https://www.prosperus.asia/faq-funding/

HK Virtual Bank Discussion

TOS — Tue, 22 Sep 2020 21:46:33 +0800

Anyone tried using HK virtual banks services before?

I opened a Mox account today (I swear I have read the fees and charges page. https://mox.com/legal-documents/fees-and-charges/)

https://mox.com/

Interface looks decent and clean. 1% rate compounded daily with no lock-in fixed deposit is very appealling to me, compared to the 0.001% paid by Hang Seng Bank. I have now moved my money out of Hang Seng into Mox. The transfer is instant.

And most important of all, you can open the account from anywhere, unlike ZA Bank which require you to be physically located in Hong Kong so that the app will appear in Google Play.

Look forward to earning my 1% interest. Even that rate beats the HK ibond which are traded at a yield of 0.8%.