KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
I've read an interesting article on The Star regarding some tips on how to spot a millionaire, though I truly believe this kind of millionaire is the millionaire next door, which means, they are very frugal in their spending and they most likely try to buy something to reflect their millionaire status or lead an extravagant lifestyle. While I did some rough calculation before and I understand that having RM1 million is not tough, but surely it is not easy, not to mentioned accumulating up to USD1 million in Malaysia - the number itself is already three times more. It took roughly a savings of RM2.8K per month for the next 30 years to reach RM1 million milestone, and requires three times the effort to become a millionaire in US dollar. Anyway, the purpose of this post is not to talk about how to get there, but merely on how we can spot millionaire among our friends. You never know, your neighbour might be a millionaire, yet, he looks even poorer than you. According to the ar...