Enter promo code HELLO2021 to receive a 20% rebate on your first year's premium.
The following Terms & Conditions shall apply to Fi Life Sdn Bhd’s (“FIL”) YEAR-END 20% REBATE PROMOTION Campaign (“the Campaign”) which shall be held from 9:00AM on 08/12/2020 until 11:59PM on 10/01/2021 (hereinafter referred to as “Campaign Period”).
By participating in this Campaign, you hereby agree to be bound by the following Terms and Conditions.
The Campaign’s Terms and Conditions shall only apply to purchase made during Campaign Period.
Campaign Mechanics
A valid “promo code” (obtainable from FIL’s website, events, advertisements or other sources) must be entered by an eligible participant (“Participant”) during the purchase of Life Insurance or Personal Accident Cover (“Policy”) for this offer to be valid.
During the Campaign Period, Participants will be given 20% rebate on their first year’s premium (“the Reward”).
The applicable Rebate is only payable to the cardholder (“Payor”).
The Payor will receive the applicable Rebate within 45 days after the Campaign Period.
The applicable Rebate is withdrawn and will no longer be valid if Participant cancels the Policy within the 15 days free look period.
The applicable Rebate will be paid to the Payor via direct bank transfer.
Participant is expected to provide Payor’s bank details when asked by FIL, for the purpose of rebate payment via direct bank transfer.
The applicable Rebate is not exchangeable or replaceable under any circumstances.
General
By participating in the Campaign, Participants are deemed to have agreed to be bound by these Terms & Conditions. FIL’s decision on all matters relating to the Campaign is final, binding and conclusive. No correspondence, queries or appeals will be entertained.
FIL reserves the right to cancel, terminate, suspend or extend the Campaign with or without any prior notice. For the avoidance of doubt, cancellation, termination or suspension by FIL shall not entitle any of the Participants to any claim or compensation against FIL for any losses or damages suffered or incurred by the Participants as a direct or indirect result of the cancellation, termination or suspension.
FIL reserves the right at its absolute discretion to amend, delete or add to any of these Terms and Conditions at any time with or without prior notice. Any variation, additions, deletions or amendments to the Terms and Conditions herein shall be binding on the Participants and be deemed to be brought to the attention of the Participants through any notice via email or website, if applicable.
FIL shall not be held liable and/or responsible for any loss, damage or any other form of liability (including indirect, consequential or economic losses, loss of profits, and loss of opportunity) in whatsoever nature and howsoever arising or suffered by any Participants directly or indirectly from the Campaign.
FIL shall not be held liable for any default of its obligation under the Campaign due to any force majeure event which include but is not limited to an act of God, war, riot, lockout, industrial action, fire, flood, drought, store or any event beyond the reasonable control of FIL.
This Campaign shall be governed by and construed in accordance with the laws of Malaysia and subject to the exclusive jurisdiction of the Courts of Malaysia.
The Executive Producer and Lead Business Editor of Astro AWANI, Malaysia’s largest news network by viewership and reach. Previously, I was with the Morning Run team of BFM 89.9. I started my career at EONCAP Islamic Bank, then Hong Leong Investment Bank, and later CIMB Investment Bank.
1. What is your best investment and worst investment?
My best investment was a fluke! Upon joining CIMB in 2010, I bought some CIMB shares when it was around RM3.00. In 2013, I decided to sell it all at about RM8.00 – the highest share price CIMB will ever hit, to date. CIMB share price has been hovering around RM3.50 for most of 2020. That’s an ROI of around 120% in just three years, or 40% per year!
Worst investments are my cars. I just don’t see the ROI on buying a car, and yet I still buy them. For example, the car I’m using now is a 2018 Toyota Vios. Car loan is RM12,000/year, service is RM2,000/year, fuel is RM RM2,500/year (About RM50/week), road tax is RM1,500/year. I’m excluding all the toll charges.
Adding it up, I spend roughly RM18,000/year or RM1,500/month on owning and using a car. And I have two of them. I can’t imagine spending RM1,500 a month either on Grab or SoCar or similar? But I still buy the cars. It’s an addiction I have, lol!
2. What was your first-ever investment (and how did that go)?
First ever investment is my ASB. It generates an average of 7% return p.a. But the returns are tapering off since 2018. I’d expect 2020 to be closer to prevailing FD rates. All in all, it went (and still is going) well.
3. Your investment no-nos (why not and what happened)
I never invest in something that I do not understand. For example, I don’t understand property. What makes a property highly sought after? What makes it able to be sold at the desired seller’s price? Office property or residential, it all seems like there’s something wrong with the market. It seems so arbitrary to me, hahaha.
I do however understand SPACs, warrants, derivatives, and REITs. I understand compounding interest. And I understand robo-advisors. To me, these instruments are rather straight-forward, empirical, and most importantly, more liquid than buying property. Until today, I have never bought a house, and probably never will.
4. Your context (basically who are you as a person, what are you doing that lead you to your financial/investment goals, what are you investing for)
The investment goal here are two pronged:
to ensure I have enough during retirement (30 years retirement, beginning at 60 years), and
to ensure my children are taken care of if either my spouse or me are no longer around.
Both my spouse and I have life insurance with a RM1 million payout. This would enable my three kids to get uninterrupted education all the way to tertiary level. My wife and I also have medical insurance. But, to top it off, both of us exercise regularly to minimise the risk of even tapping into using the medical insurance. Both my life and medical insurance has an investment element to it. Blended returns thus far is around 5%, with the portfolio consisting of bonds, equities, and other forms of trust funds.
Also, no matter what happens, COVID-19 included, I would set aside 30% of my salary to continue to invest in ASB, robo-advisors, Tabung Haji, and equities. Rubber gloves saw a rally of 1,600% this year, I don’t know if this is sustainable but I am in for the ride.
Diversifying investments outside of Malaysia is crucial, my robo investments do this for me, but they mostly invest in US tech firms. My next investment frontier and wish list is to enter the Chinese / Hong Kong market to invest. Perhaps soon?
5. Ibrahim’s investment philosophy and approach
Throughout my time being both a banker and a broadcast presenter, I have learnt a few common themes when conversing with countless CEOs, startup founders, and government officials. And that is, cash is king. No matter what I say and do, I will put liquidity of investments as paramount. That is why I don’t tie my money up in houses, cars, boats, or anything that needs time to liquidate. If an investment requires me more than five days to get the cash into my wallet, chances are, I walk away from it. Plain and simple.
About “This is How I Invest” - As Fi Life’s motto is “Buy Term (Term Life Insurance) & Invest the Rest”, this series features how different personalities “Invest the Rest.”