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...
As we all read it from the news everywhere that the household debt in Malaysia is on the rise and the household debt has been going from 66.7% in 2009 to 74.6% end of 2010. What this is actually telling us is that for every RM1,000 that we earn, RM746 is used to serve loan ( source ). While I have been thinking of promoting debt or loan in this blog, but finally kill the idea of doing that as I know there are many people who cannot control once they stepped into the world of debt - even a financial pro. Below is the story of How a Financial Pro Lost His House . I find that this article can serve as a reminder to us that excessive leveraging has its danger as well. ONE night a few years ago, when the value of our home had collapsed, our debt was out of control and my financial planning business was shaky, I went to take out the trash. There was this enormous window that looked right in on the kitchen table, and through it I could see my wife, Cori, and our four children eating dinner. I...