PC Fair

This afternoon after having my lunch, I went home to put my bag since I got Tax lecture and Guest lecture this morning. Then, I headed to Wangsa Maju LRT Station in order to go to K.L.C.C..

When I got into the LRT, Anthony called me. I felt so weird but I could guess his intention. Exactly, he asked me to buy something to him. I was so doubted that he asked me to buy three joysticks. I remembered that I invited him to PC Fair last night but he rejected me by revealing that he had nothing to buy. Okay, I bought for him with a price of RM8 each.

When I arrived at K.L.C.C., I was lost. K.L.C.C. is too big, I couldn't find the way to PC Fair as this is my first time to PC Fair in Kuala Lumpur. I immediately called my cousin and finally I managed to be there under his instruction. Apparently, there was still a long way to go in order to be there. I had to pass through two tunnels inclusive the LRT's tunnel. The compound of PC Fair was so big. It was divided into 3 parts, namely Conference Hall 1-5, Banquet Hall and other halls. We had to take escalator to the top floor and then gradually came down. It was one-way designed, meaning that whatever you want to buy at any hall must be bought at once. If you miss it, you have to start from the first entrance. Luckily, I was still able to glance through before deciding which stall should I buy the products from.

It was really crowded and there were a number of warnings warning us beware of our wallets and belongings. What I could tell you was there were a lot of models. They were very nice and letting people took their pictures. They even acted in different poses. I spent almost RM300 today because I bought a lot of things in PC Fair. I purchased a screen protector and screen cleaner which cost me RM15 and RM5 respectively. I also acquired a mouse pad with RM10 and a 400GB external hard disk with RM168. 400GB? Yes, I'm not wrong, it's really 400GB but when I reached home and tested its capacity, I noticed that it was just 372GB.

Before I went home, I suddenly recalled that I had to buy something first. Therefore, I shopped around K.L.C.C.. The goods in K.L.C.C. are extremely expensive and not suitable for a poor student like me. However, I eventually bought something before I went back as a present for my Princess. This was what I had promised her and her birthday is around the corner. What made me so excited was when I asked the salesgirl that is there other colours available? She said no and asked me whether I bought it to my girlfriend. I was shocked when she said this but I was so delighted, I smiled and answered 'yes'. Actually, I didn't know why I answered in this way, probably I hoped that I could get some discounts but my wish didn't come true.

When I was on my way to K.L.C.C. LRT Station, my mom called me. She told me that my PC broke already and she wanted to take it for repaired. She asked me what should she do since my sister didn't know everything. I just simply gave her instruction as I was so disgusted. This was because every time when something happens, my parents just ask me to settle it. They are so reluctant to ask my sister to do it even though I request. Thereupon, I am experienced but they are inexperienced. When I am not at home like now, they are in a mess. This is the consequence of relying too heavily on me. Actually, what they need to do is just reformatting the PC but they don't know how to reformat the PC. No choice, then they have to let other people earn that money, perhaps they can learn a lesson from this incidence.

M.L.T.A.

Hi, is me again. For your information, I had an English persuasive presentation this afternoon. I did it quite poorly. I considered it as poor as the presentation couldn't even convince myself. I couldn't spur up the mood of the audiences. Due to this, I treated it as a failure. Somehow, I managed to get high marks. I got 9 upon 10 marks for all the assessment criteria, namely delivery, language, visual aids, content and overall impression. Wasn't it high? This was unexpected as I just could give myself a maximum of 70 marks.

Maybe I met my Luckygirl this morning. I was taking my pendrive outside the computer laboratory when I met her. She wished me good luck, all the best and wanted me to "add oil". Actually, I felt nothing at that moment, but it stroke me during my presentation. I forgot some of my speech but I still able to get such a high mark and remarkable comments from my tutors, Mr Johnny. I think, this is inevitable related to her. Thanks ya, if you read my post here.

Okay, back to the topic here. My presentation's title was M.L.T.A.. What is that? It is a type of Mortgage Life Insurance. It stands for Mortgage Level Term Assurance. It helps us to pay off the outstanding loan amount in the event that we die or suffer total and permanent disability. If you are going to borrow money to acquire a property, then you are inevitable to buy this but the bankers usually or almost 100% will ask you to buy M.R.T.A. (Mortgage Reducing Term Assurance) instead. Why? What are the differences between both policies?

This is because M.R.T.A. is bought in one lump sum. The bankers don't need to worry whether you default the payment or not as you are required to pay in one lump sum. If you can't afford to pay at the beginning, then the bankers will be happier since they can ask you to finance it into your loan, they can earn more interest from it. See, how cunning the bankers are. So, please don't fall into the traps of bankers after reading this post. The premiums of M.L.T.A. are paid monthly, quarterly, semi-annually or yearly and the total amount of premiums paid is much more higher than the premiums of M.R.T.A.. Are you thinking that I am trapping you and inducing you to do a stupid thing? Be patient, let me explain more to you.

Yes, you pay more for M.L.T.A. but the premiums are refundable to you at maturity date! Yes, please believe me, they are refundable to you if no compensation is claimed. With M.R.T.A., the premiums are burnt at maturity date, you get nothing from it. M.L.T.A. is transferable whenever you purchase a new property or refinance your loan or transfer it to your son. What you need to do is just adjusting the sum assured to match your new loan as many times as you like. Take note, you only purchase once, with the same sum assured, you don't have to prove your health condition again. However, you have to buy a new M.R.T.A. again and again whenever you buy a new property.

Besides, M.L.T.A. provides full protection. Let's say your loan is RM300,000. M.L.T.A. pays you RM300,000 no matter how many years from the date of purchase. M.R.T.A. provides reducing protection to you which means that the protection is gradually dropping year after year. Let's assume something bad happens to you in the 20th year and the outstanding loan amount is RM100,000. M.L.T.A. pays you RM300,000. You just take the RM100,000 to pay back to bank and keep the remaining RM200,000. With M.R.T.A., it just pays you RM100,000 if the Base Lending Rate (B.L.R.) remains the same. Nevertheless, if B.L.R. increases, then M.R.T.A. is insufficient to cover the balance due as the loan amount owed will be increased as well. Then, imagine, you are disabled now but the insurance policy that you bought can't help you to repay the loan balance, how are you going to deal the insufficient portion? Are you going to finance with bankers again or from loan sharks? Don't forget, the bankers will chase after your family members in case you are handicapped. What if your family members are low income earners or even don't have any income?

These were the three points that I presented today and actually, there are many more points. If you are interested, you can 'google' it and have a more knowledge on it because I'm sure you will acquire your own house one day. Bear in mind, choose the most suitable policy and be a wise consumer!

Why I know this so much since I am still young? I knew it from Hong Leong Assurance. They introduced me this policy and I used their points and what I had heard from them to present it to my tutor and my classmates. Hopefully they understood what I presented.

Disappointment 2

This morning, I was quite disappointed after getting my tax's test result. I just got 26.5 upon 40 marks. It was quite bad, wasn't it? I didn't know why my answers were quite similar to my friend's one, however he had full mark (8 marks) for that question but I just got 5 marks! It was quite ridiculous! I knew how to do it but I didn't know why I got such a low mark!

You must be saying that I can find my tutor to ask for marks, right? Nevertheless, if you know me, you sure will know that this is not my style. Unless I had been given modal answer and it is proven that the tutor gave me less mark, otherwise I won't find my tutor asking for marks or checking. Hopefully my assignment can help me to earn back what I deserve to, otherwise it will be a hell life for me. I have made some provisions. If I get 55% of my coursework, meaning that I have to get at least 91 marks in order to get an A. Hopefully I won't get into such a terrible condition.

Via other perspectives, it was not a nightmare to me. It is a warning to me, it signals that my effort was not enough. Besides, it is my motivator, it motivates me to study hard! Alright, I will adjust my form and start preparing for my final examination next week. Let's see.