KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.
To a lot of people, debt is a scary thing...but yet at the same time, it is a beautiful thing. Without debt, it would be very difficult for the middle class to consider earning property, vehicles and some other expenses. In our world today, with the credit card, there are so many ways for consumers, like you and I to manipulate future money in order to enjoy some of the luxurious goods. DEBT CAN BE YOUR BEST FRIEND I have known people who disdain debt to a point that they would pay as much as they could as downpayment for a property even though most of the time, it only requires 10% of the property price. I have also known people who had piles of debts that it is impossible to settle it, and thus BANKRUPTCY. There is a simple rule of managing debt...DON'T SPEND MORE THAN YOU EARN, but it really isn't that simple, especially when you want to leverage on some of the low interest environment loan. If you only spend less than you earn, there is also a...