KUALA LUMPUR, April 3 (Bernama) -- Bursa Malaysia ended lower today, with the benchmark index declining 0.5 per cent, weighed down by selected heavyweights led by Press Metal, IHH Healthcare, and Tenaga Nasional. Press Metal shed 16 sen to RM4.87, IHH Healthcare dipped 14 sen to RM6.75, and TNB slipped 18 sen to RM13.58. These stocks resulted in a 6.12-point decline in the benchmark index. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 7.61 points to 1,518.91 versus Wednesday’s close of 1,526.52. The benchmark index opened 9.22 points lower at 1,517.30 and fluctuated between 1,512.32 and 1,524.41 throughout the day. In the broader market, losers thumped gainers 548 to 357, while 448 counters were unchanged, 994 untraded and eight suspended. Turnover rose to 2.51 billion units valued at RM1.81 billion against Wednesday’s 2.37 billion units valued at RM2.03 billion. ...
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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