KUALA LUMPUR, April 1 (Bernama) -- Bursa Malaysia closed higher on Wednesday, with the key index rising 1.10 per cent, in line with firm gains across regional markets following a strong rally on Wall Street overnight, said an analyst. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said the improvement in sentiment was underpinned by easing geopolitical concerns and a decline in oil prices. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increase 18.54 points or 1.10 per cent to 1,708.90 from Tuesday’s close of 1,690.36. The benchmark index opened 25.58 points higher at 1,715.94, marking its intraday high, and hit a low of 1,700.20 during the mid-morning session. The broader market was positive, with gainers leading decliners 780 to 444. A total of 475 counters were unchanged, 926 untraded and 11 suspended.
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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