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...
Financial planning is probably the most important thing that we must be aware of. Most young adults find it difficult to plan for their financial condition because of the "yum cha" and cool cultures....most young adults are probably pampered way too much by their parents...their studies and everything are planned out so well....honestly, I am envied of those students who have their parents sponsored everything. Anyway, I appreciate what I have as well and I believe the first step to financial planning is protection.
Some of my friends told me that they are going to buy insurance but now is not the right time....as they are just starting out, they need more time. I am not an insurance agent but working in an insurance company, I come to realize that protection is probably the first thing that we get for ourselves. It is not about the profit from these insurance policies but the protection that comes with it. Of course, one should not buy too many insurance policies either...it will be ridiculous to do that....don't trust that insurance agent if he or she persuade you to buy a few policies...haha!!
Anyway back to the basics...get a protection, something that covers your life and medical expenses should you have any critical illness. I have just bought one for myself (a month ago) and together with my sister, get one for my mom. (medical card purpose).
This is not a sales pitch but the first thing to financial planning for me is about protection. Protect yourself and then you can start looking at other things.
Some of my friends told me that they are going to buy insurance but now is not the right time....as they are just starting out, they need more time. I am not an insurance agent but working in an insurance company, I come to realize that protection is probably the first thing that we get for ourselves. It is not about the profit from these insurance policies but the protection that comes with it. Of course, one should not buy too many insurance policies either...it will be ridiculous to do that....don't trust that insurance agent if he or she persuade you to buy a few policies...haha!!
Anyway back to the basics...get a protection, something that covers your life and medical expenses should you have any critical illness. I have just bought one for myself (a month ago) and together with my sister, get one for my mom. (medical card purpose).
This is not a sales pitch but the first thing to financial planning for me is about protection. Protect yourself and then you can start looking at other things.
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