Wealth Building, Retire Early, Personel Money, Financial Planning, Saving Tips
Gold price had increase steadily start from 1955 with only $35 until current gold price with $1100 plus. The most important thing is gold price is forecast will break $2000 level in 2010. Recently, George Soros had bought large sum of gold through his managed fund. secondly, demand from China and India is gradually increasing as their nation economy increase by near double-digit annually. Thirdly, investor start to look for hedging against green note after the subprime crisis happened in 2007.
Everything start from zero and getting one from zero is the most difficult step. However, many people manage to do it, include you too. If you are just enter the society or school leaver or fresh graduates, please take notes for it.
If you want to grow your wealth steadily in long term, you must remember this rule, protect your capital. Protect your capital means never loss the initial money they you have invested. If you invest RM5000 in turbulence stock market just as end of 2007, you must learn to protect your capital by cutting loss to prevent further losing which eat up your initial capital.
credit through askmen.com
I went for Market Chart co-organized by Maybank Investment Berhad and Bursa Malaysia in few days ago. The speaker were Richard Kang and Lee Cheng Hooi.
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Employee Provident Fund or EPF saving can be used for investment if you are capable to outperform the dividend declared by EPF. EPF members can withdraw their EPF saving from Account 1 for investment in unit trust fund.
I started my investment journey at the end of 2007 in ASNB. I know nothing about investment that time. What I know is the dividend rate of ASNB is higher than fixed deposits rate in bank. That’s all. Since I have extra money not in use, so I get my all extra into the ASNB. All these year ASNB gave me 6-7 percent dividend.
I had opened a Gold Saving Passbook Account(GSPA) from Maybank on 17 March 2009. The economy was still not yet recovery form great depression more than half year ago. Investor was still panic in stock market. Thus, all investor flush to gold investing.
