KUALA LUMPUR, July 30 (Bernama) -- Bursa Malaysia's key index closed at an intraday high today, supported by continued buying interest even as renewed geopolitical tensions and a weaker overnight lead from Wall Street following the US Federal Reserve's (Fed) decision to stand pat on interest rates weighed on broader sentiment. The Fed has decided to hold rates steady for the fifth consecutive meeting, with the Federal Funds Rate unchanged between 3.50 per cent and 3.75 per cent. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.84 points to 1,720.40 from yesterday’s close of 1,715.56. The benchmark index, which opened 1.14 points lower at 1,714.42, hit its lowest level of 1,710.69 in early trade before gaining momentum for the rest of the day. However, the broader market was negative with losers outpacing gainers 581 to 411, while 612 counters were unchanged, 1,173 untraded, and 87 suspended. Turnover declined to 2.49 billion units valued at RM2.25 billion from ...
It's kind of ironic in our life that when we are young, we will wish that we are grown up but when we are grown up, we will be wishing that we are still the young and innocent guys or gals that we used to be. A lot of this was actually caused by one thing.....money. Money is the root of all evil and problems. We must not forget, we are living in the materialistic world no matter how much we would like to deny. Money, can be a great servant if we use it properly while a the same time, it can be an evil master.
So, what is money to us? Do we treat it as our master or our slave? How do we know whether we are the money master or the slave? If we are the master, surely it is the money who work for us while if we were the to be a slave to somebody, we would be sweating to please the master. There is no two way about it.
For the money case, it is very obvious that if we are the money master, we would be investing the money, so that in one way, the money will earn more money for us, while we just sitting around doing nothing. We work and earn money, and invest wisely on equities or properties or whatever investment vehicles that can generate enough ROI to hedge the inflation at least. This is call money make money. So, if the money is working for us, we are the money master.
For most people, it is the other way round. They are working day and night to earn money. Some take it to the next level where they will be cutting their expenses by skipping meals, ignoring health care etc and ended up living in depression or in bad health condition when they are old. If we are sweating all out, it means we are slaving ourselves for money.
I'm not here encourage people to invest or to spend or not to save money, but we should adopt a more neutral financial goals. There is no point earning a lot of money or having a lot of money in savings account, when we cannot really enjoy it. Be neutral....spend on what is necessary - spend smart and at the same time, invest.
So, what is money to us? Do we treat it as our master or our slave? How do we know whether we are the money master or the slave? If we are the master, surely it is the money who work for us while if we were the to be a slave to somebody, we would be sweating to please the master. There is no two way about it.
For the money case, it is very obvious that if we are the money master, we would be investing the money, so that in one way, the money will earn more money for us, while we just sitting around doing nothing. We work and earn money, and invest wisely on equities or properties or whatever investment vehicles that can generate enough ROI to hedge the inflation at least. This is call money make money. So, if the money is working for us, we are the money master.
For most people, it is the other way round. They are working day and night to earn money. Some take it to the next level where they will be cutting their expenses by skipping meals, ignoring health care etc and ended up living in depression or in bad health condition when they are old. If we are sweating all out, it means we are slaving ourselves for money.
I'm not here encourage people to invest or to spend or not to save money, but we should adopt a more neutral financial goals. There is no point earning a lot of money or having a lot of money in savings account, when we cannot really enjoy it. Be neutral....spend on what is necessary - spend smart and at the same time, invest.
Sometimes ppl focus too hard on the money until they forgot other better ways to achieve the same purpose
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