KUALA LUMPUR, March 28 (Bernama) -- Bursa Malaysia closed lower today on profit-taking after a strong three-day rally, and investor sentiment was further shaken in the late afternoon session following news of an earthquake in Myanmar with tremors felt in neighbouring Thailand, said Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 1.44 per cent or 22.08 points to 1,513.65, its intraday low, from Thursday’s close of 1,535.73. The benchmark index opened 4.16 points lower at 1,531.57 and hit an intraday high of 1,533.52 during the midday session. On the broader market, decliners outpaced gainers 563 to 395, while 408 counters were unchanged, 1,106 untraded, and 133 suspended. Turnover slipped to 2.25 billion units valued at RM2.13 billion from 2.52 billion units worth RM2.41 billion on Thursday.
Today I've read an article from The Star and I do share the same sentiment with the writer that not all debt is bad especially this quote " Smart money management is not about avoiding debt; rather it is about choosing the right debt and making it work harder for you." The article also mentioned slightly on how to utilize the credit card to free up more cash flow which in the end can be use to generate more passive income. The article is as follows:- SINCE the US subprime mortgage crisis of 2007–2008, we have had an influx of credit and debt related news such as the European sovereign debt crisis (often referred to as the eurozone crisis), the European Central Bank’s quantitative easing (QE) programme and, closer home, 1MDB. It all sounds pretty daunting to the average ears and lends credence to the public’s general fear of debt. But what is debt? The Merriam-Webster dictionary defines it as “an amount of money that you owe to a person, bank, company, etc” whil...