KUALA LUMPUR, July 31 (Bernama) -- Bursa Malaysia ended higher on Friday as investors continued to accumulate blue-chip stocks in line with stronger performances across most regional markets. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.50 points to 1,724.90 from yesterday’s close of 1,720.40. The benchmark index opened 0.83 of a point higher at 1,721.23, and moved between 1,715.67 and 1,730.12 throughout the day. The broader market was positive with gainers outpacing losers 707 to 402, while 547 counters were unchanged, 1,085 untraded and 56 suspended. Turnover expanded to 3.03 billion units valued at RM3.56 billion from 2.49 billion units valued at RM2.25 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...