Retirement is a significant life milestone that requires careful consideration and planning. While it may seem distant and far from your current priorities, embarking on retirement planning as early as possible can yield a plethora of benefits that ultimately lead to a secure and fulfilling future. Today we discuss the compelling reasons why early retirement …

Securing Your Tomorrow: The Importance of Early Retirement Planning Read More »

When it comes to investing, there are numerous strategies available, but one that has stood the test of time is dollar/ringgit cost averaging. This method allows investors to navigate the unpredictability of the market by consistently investing fixed amounts at regular intervals, regardless of market conditions. Let’s delve into how dollar/ringgit cost averaging works and …

The Power of Dollar/Ringgit Cost Averaging: A Sensible Investment Strategy Read More »

Compound interest plays a vital role in the world of investing, offering individuals the opportunity to grow their wealth exponentially over time. Whether it’s in stocks, bonds, mutual funds, or other investment vehicles, understanding and harnessing the power of compound interest can significantly impact investment returns. When investing, compound interest allows for the reinvestment of …

THE MAGIC OF COMPOUNDING Read More »

Once you have settled a budget for rents, car loans, utility bills and debts repayment and you still have extra…set aside some for investing. If you are new to investing, you probably would be asking how much money do I need to start investing, how do I start and what would be the investing strategies …

HOW TO START INVESTING. A GUIDE FOR BEGINNERS. Read More »

Last week, Bank Negara Malaysia (BNM) announced another hike in interest rate, or the OPR (Overnight Policy Rate) by 25-basis point, to 2.75%. OPR is the benchmark for commercial lending and deposits rate. Financial institutions use this as guide to set the rates they charged for lending and the interest rate to pay depositors who …

INTEREST RATES AND HOW IT AFFECTS US Read More »

WHY FINANCIAL LITERACY IS IMPORTANT Lack of financial literacy is one of the reasons why we struggle with saving and investing. Hence, many financial literacy campaigns are organized to educate Malaysians on the subject. The most recent event was the launch of Financial Literacy Month 2022 in October by Financial Education Network (FEN). The Financial …

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6 HABITS THAT MAKE PEOPLE ULTRA WEALTHY This is an article written by Tom Corley in CNBC. He interviewed 233 millionaires in five years to find out how self-made millionaires spend their time. Here is the summary of his findings. NEVER STOP LEARNING This is the top priority. 49% spent a few minutes a day …

HABITS THAT MAKE THE ULTRA WEALTHY Read More »

SAVING MONEY FOR INVESTING IS SO DIFFICULT! Every now and then we say to ourselves “I’ve got to start saving and investing”. But then how to do this when I have so many bills to pay…? (and so many places to spend money!). Saving and investing need a plan. A very disciplined plan, otherwise we …

SAVING MONEY FOR INVESTING IS SO DIFFICULT! Read More »

DOES MONEY MAKE YOU HAPPY? IT DOES FOR ME! Money is not everything. Money doesn’t buy happiness. The Beatles sang “Can’t Buy Me Love”. If you don’t agree, congratulations. A recent study in 2021 by Wharton School at the University of Pennsylvania says money does make (many) people happy. The more you have the happier …

MONEY AND HAPPINESS Read More »

Dollar Cost Averaging or Ringgit Cost Averaging is an investment strategy that was “immortalised” by Benjamin Graham in his book, The Intelligent Investor. It is a practice of systematically investing equal amount of money at regular intervals, regardless of the price of a stock or fund. In the long run it could reduce the impact …

DOLLAR COST AVERAGING (DCA) or RINGGIT COST AVERAGING (RCA) Read More »