2025 Wrap Up: A Year of Growth and Challenges

2025 continues the amazing run for US equities from 2023 and 2024. As of December 26, the S&P 500 index is up almost 20% for the year. This is the third year of double digit growth that has been fueled mainly by the hype in generative AI. Over in Malaysia, the KLCI is ending mostly… Continue reading 2025 Wrap Up: A Year of Growth and Challenges

US Tariffs and Market Meltdown

US vs the Rest of the World On April 2, Donald Trump unexpectedly announced high tariffs on almost all countries based on a flawed understanding of maths and economics. Compounding the bad news is the fact that the tariffs were to be effective in just a few days. This translates to an immediate cost spike… Continue reading US Tariffs and Market Meltdown

The Problem with EPF or ASB Dividends

Every year Malaysians with savings in EPF or ASB look forward to the dividends announced and they usually do not disappoint. Recently, PNB the fund manager for ASB, announced a 5.75 sen dividend, which is equivalent to a 5.75% dividend since ASB is a special type of fund where the price per share is always… Continue reading The Problem with EPF or ASB Dividends

EPF’s Negative Surplus and Reserves

EPF of Malaysia just released its 2023 Annual Report on 30 October 2024. It is astounding that it took such a prominent entity in Malaysia almost a year to release this report. I guess most Malaysians do not read the annual report of their retirement savings fund. Otherwise they may be wondering what's the big… Continue reading EPF’s Negative Surplus and Reserves