Round Round Life

Investing needs knowledge. It needs research and understanding so that you will do the right investment at the right time, with the right price/cost. I been burning my fingers when I tried to invest in shares. Since I was lack of experience, I always buy and sell share at the wrong time. The share price always drop after I bought and increase when I sold my share. Investing in unit trust isn't as easy as well. Unit trust is always sold through agent. Even thought they portrait themselves as putting your interest as the forefront quest, most likely they are trying to sell you the unit trust that gives them the most commission. The profit is also not guaranteed. There is times when the return will be negative. Leaving money inside bank's saving account or save as FD might not be the best solution. The interest provided by bank rarely higher than 4% per annul. That makes your money's value shrink year by year given that the inflation rate is around 3-4% around the ...

Physically saving money were one of the most straight forward way to build your stash. It may be easy, but it is not the best way to do. 1. You will not get any interest by saving physically. Keeping your money inside your bank account may generate very minimal interest, but at least there is something. You may also save your money in the form of fix deposit, which will give you around 3-4% based on the bank’s offering.  2. The money value will shrink year by year. Inflation will cause your money value to depreciate yearly. Let’s assume the inflation rate is around 4%, saving RM 100 physically will reduce your buying power to RM 96 by the next year. 10 years down the road (assume same inflation rate), your RM 100 will only values around RM 60. The best way to fight inflation is to invest your money. 3. You spend time to calculate your money (especially coins). Recently I have sort out and cleared the coins at my house. The total weight of the coins is a...