KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day. The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
1M by 28 , is it possible? After doing some thinking for days, I come to this 1M figure. Some might be asking "Why not 100K?" , or "Why not 1B?", or "Why not other figure?". Well 100K will be quite easy to achieve, while 1B will be too difficult and I was too lazy to come out with other figures. To be honest, 1M is not easy nor difficult. This is because as a salary drawing person , our net worth will not grow exponentially . In order to have our net worth growing exponentially, we will have to invest. My plan of course is to invest a big chunk of my money to stocks, so that I can earn from dividend, and also from the price appreciation. Money working for us definitely easier than we work for money. I'm 25 this year and so it means I have 3 years to achieve this and 3 years equivalent to 36 months or 156 weeks or 26280 hours. It also means that for each hour I need to earn at least RM39 to achieve this goal. Too bad I do not have much capital in hand...