Beginner
Tips for buying foreclosed properties
First of all, what is a foreclosure? According to Wikipedia, it means a legal and professional proceeding in which a mortgagee, or other lienholder, usually a lender, obtains a court ordered termination of a mortgagor’s equitable right of redemption. In other words, foreclosed properties are normally sold at a price much lower than the market [...]
What is Real Estate Investment Trust or REIT?
I used to read up a lot on real estate investing or so-called REI. But I gave up in the end because I just don’t have the cash to buy another real estate property. The good locations in Klang Valley are not cheap at all and taking extra loans are not going to help too. [...]
RM 8 unknown transaction in your bank statement?
Few friends of mine complained to me that their banks charged them an unknown transaction worth RM 8. It happened just recently. I asked them if it happens every month, or once a year. They said once a year. Most of them are worried that it is actually a hidden cost or charge set by [...]
Stock investing is not for the faint of heart
Many of my friends told me they are interested to invest in stocks and asked me how should they do it, what kind of stocks should they buy, etc. I told them stock investing is not for those who need the money to pay their debts (unwilling to hold) and also not for those panicky [...]
To keep money in savings account or to invest in mutual fund
The other day, a friend of mine talked to me about investment. He told me it is wiser to invest his money in mutual fund than to put it in savings account because it gets higher return in the former. I told him there are pros and cons to each, just like there are pros [...]