Personal Finance
Is Dollar Cost Averaging useful for stocks?
Referring to my friend’s post on “Dollar Cost Averaging is Stupid?“, one question that came across my mind – is dollar cost averaging or DCA also applicable for stock investing? We all know that most mutual funds/unit trusts are based on DCA concept since they encourage you to pump in money every month. So if [...]
Financial security? Is there even such a thing?
Why do people invest their money in the first place? Well, for most, it’s to achieve financial freedom or to get to the level of financial security which they are comfortable with. But is this even achievable in this 21st century? For me, I do believe financial freedom is achievable but financial security is not. [...]
Spend less than you earn – the secret to become rich
I’m a big fan of this Get Rich Slowly blog. I’ve been following this blog for many many months now and the latest article from them is again, very good. The article is actually an interview with a millionaire – about the millionaire’s habit, lifestyle, principles, etc. You can read the article by following the [...]
Ways to save your money
The world economy is getting worse and there’s no sign of recovery just yet. Our country’s economy is no exception and nobody knows when will our economy actually recovers. 2009? 2010? or 2011? And while the experts are trying to predict where is the bottom and when will the economy recovers (some fighting over politics), [...]
Want to be rich? Change your spending habit
Recently, I’ve read an article about 10 unknown millionaires and their stories. Sorry to say that I couldn’t find the link to that article. But here is what I’m able to remember after reading it. Each of the 10 millionaires are unknown or normal people. It’s just like you and me…normal people spending time doing [...]