Simple way to calculate your net worth
As year 2009 approaches, many of us will look back at 2008 and look at what we have managed to achieve – in terms of life, family, love and of course financially. In this article, we’ll talk only about finance since this is what this blog is all about. Over the past few days, I’ve [...]
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 [...]
Never commit any money before getting the intended reward
One of my principles is never to commit any money without actually getting the reward first. In normal circumstances, such things are not applicable in most of my investments – real estate, stocks, funds and other more established investment methods (approved by the government). But there are those ‘investment’ types out there which require you [...]
EPF reduction to 8%, good or bad?
By now, you should know that our government has actually introduced a new policy where employee’s Employees Provident Fund (EPF) contribution will, by default, be reduced to 8% from the regular 11%. Is this a good move or a bad move? Personally, I don’t feel it’s a good move. Why? The government tries to encourage [...]
Welcome to my Novice blog
I’ll be honest with you. I’m a novice / beginner (or whatever you call someone who is completely new in something) when it comes to investment and money making. In terms of investment, I did some self-study before I went into stock investment but it was not enough. I started about a year ago and [...]