KUALA LUMPUR, March 30 (Bernama) -- Bursa Malaysia’s benchmark index closed lower today, in line with most regional markets, as investors adjusted their risk exposure amid spiralling oil prices driven by the ongoing West Asia conflict, now in its second month. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) retreated by 24.75 points or 1.44 per cent to 1,687.90 from Friday’s close of 1,712.65. The market bellwether opened 10.57 points weaker at 1,702.08 and fluctuated between 1,682.79 and 1,702.38. The broader market was bearish, with decliners thumping advancers 956 to 371. A total of 373 counters were unchanged, 1,042 untraded and 134 suspended. Turnover expanded to 3.98 billion units worth RM4.85 billion from last Friday’s 2.97 billion units worth RM3.25 billion.
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...