KUALA LUMPUR, Jan 7 (Bernama) -- Bursa Malaysia’s benchmark index rebounded from earlier losses to close at its intraday high on Wednesday, gaining 0.27 per cent in late trading as buying interest returned to selected heavyweights. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 4.48 points to 1,676.83 from Tuesday’s close of 1,672.35. The benchmark index opened 0.88 of-a-point lower at 1,671.47 and subsequently hit a low of 1,665.94 during the mid-morning session before gaining momentum toward closing. On the broader market, losers led gainers by 565 to 512, while some 526 counters were unchanged, 1,046 untraded, and 10 suspended. Turnover improved to 2.73 billion units worth RM2.76 billion versus Tuesday’s 2.66 billion units worth RM2.76 billion. Dealers said that investors were cautious following geopolitical developments in Asia.
The recent surge of all the prices of the commodities has make me recall about the same situation that has happened globally three years back. Back then, the price of the crude oil surge beyond USD100, the same thing that what we are seeing now.
The surge of the crude oil price and other commodities can have serious effect to a lot of things especially in business. Cost of the raw materials used for manufacturing will increase, subsequently impact their earnings until these companies passed the cost to the consumers - which I assume asap.
Nevertheless, global inflation is real and it is going to stay for quite some time, so we better get used to it until the Fed decided to stop printing the money......or put it in this way, until the US economy recovers.
None of us would want to have reduced purchasing power, but it will happened. There are several things that we can do to cope with the global inflation, rising prices of the goods, properties and many more.
The first to to do to cope with the global inflation is by spending smart. This means that you still continue to buy the NEEDS, while eliminating the WANTS from the shopping list. One good way is to buy goods in bulk in hypermarket like Tesco and share with family or friends and then pay according to the portion that you requires. This can be done by taking turns to do groceries during the weekends. Buying goods in bulk usually turns out to be cheaper. Not only we can save from the groceries, we get savings from less car usage, petrol and car maintenance cost.
Next, we can try increase our income by a lot of ways....rental income, free lance jobs, dividend income, FD income. This is where invest wisely comes in as FD usually is not enough to offset the inflation, so it is not wise to put all the savings in FD. Just save enough for emergency use in FD, and invest in either properties for rental income or dividend stocks, as these two can give you something to offset the inflation.
In summary, to cope with global inflation, we need to spend smart and invest wise. There are a lot more examples from smart spending and invest wisely, but I think this post is long enough, so maybe I will just leave it for the next post.
The surge of the crude oil price and other commodities can have serious effect to a lot of things especially in business. Cost of the raw materials used for manufacturing will increase, subsequently impact their earnings until these companies passed the cost to the consumers - which I assume asap.
Nevertheless, global inflation is real and it is going to stay for quite some time, so we better get used to it until the Fed decided to stop printing the money......or put it in this way, until the US economy recovers.
None of us would want to have reduced purchasing power, but it will happened. There are several things that we can do to cope with the global inflation, rising prices of the goods, properties and many more.
The first to to do to cope with the global inflation is by spending smart. This means that you still continue to buy the NEEDS, while eliminating the WANTS from the shopping list. One good way is to buy goods in bulk in hypermarket like Tesco and share with family or friends and then pay according to the portion that you requires. This can be done by taking turns to do groceries during the weekends. Buying goods in bulk usually turns out to be cheaper. Not only we can save from the groceries, we get savings from less car usage, petrol and car maintenance cost.
Next, we can try increase our income by a lot of ways....rental income, free lance jobs, dividend income, FD income. This is where invest wisely comes in as FD usually is not enough to offset the inflation, so it is not wise to put all the savings in FD. Just save enough for emergency use in FD, and invest in either properties for rental income or dividend stocks, as these two can give you something to offset the inflation.
In summary, to cope with global inflation, we need to spend smart and invest wise. There are a lot more examples from smart spending and invest wisely, but I think this post is long enough, so maybe I will just leave it for the next post.
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