MONEY MASTER

A lot of us Malaysians are probably upset with the depreciation of the Ringgit.  Weakened Ringgit The Ringgit has weakened to multi-year low and breached the previous low of RM3.73 to the USD and according to a lot of research, it is inching towards the pegged level of RM3.80/USD. This morning, while I was driving to work, I heard from BFM on their discussion. Apparently, our foreign reserve exchange is stand at an estimate of around 100 billion USD.  If you're like me, you'll probably feel the pinch as I'm earning in RM. To talk about travelling would be a pain in the ass now because I'll have to fork out more most of the time. I suspect gadgets like Apple products might see another increase if the drop in the currency continues. Even then, Zeti insist that the RM is still strong and it's only at this level due to negative sentiments. I'm not sure if I'm buying it but as Ringgit continues to weaken, perhaps it's time to look at who...

KUALA LUMPUR (June 8): Foreign selling on Bursa remained heavy last week, taking year-to-date foreign selling to RM6.7 billion after foreign investors sold RM926.1 million last week, according to MIDF Research. In his weekly Fund Flow report, MIDF Research head Zulkifli Hamzah said that for the sixth consecutive week, foreign investors had been net sellers of Malaysian equity. He said the amount offloaded was still close to the RM1 billion mark as investors classified as “foreign” sold equity listed in the open market on Bursa (ie excluding offmarket deals) on a net basis amounted to RM926.1 million. Zulkifli said this was comparable to the RM999.8 billion sold the week before, adding it was the fourth highest in a week this year. He said that again, foreign investors were net sellers every single trading day last week, and had been selling for the past 14 straight trading days. Zulkifli said the amount exceeded the RM200 million mark on Tuesday and Thursday, making it 18...

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...