Nadlique's Blog of Financial Freedom
My Mission= To be Financially Free; My Time Horizon= 9 years; My Blog's Purpose= The Account of my Journey Towards my Goal
As I’ve said before, having an emergency fund is in my opinion one of the most fundamental things that one needs to do in one’s wealth-making journey. Read about them in here and here.
Again, what is my emergency fund for?
1. To cover those UNEXPECTED medical expenses. Maybe because of problems in insurance claims and etc.
2. To cover my monthly expenses in case I get laid off from work.
3. Really, to cover those UNEXPECTED expenses.
In preparation of my return to Malaysia, I’ve been looking at ways on how I could trade CFDs and international stocks/securities from Malaysia.
Do you guys have any idea?
I had a look at IG Markets Singapore and City Index Asia but I have yet to contact them on the procedures and requirements involved.
One thing for sure is that being a participant in the financial market yourself involves tonnes of reading!
I’m not working for any institutions. I’m only a private investor & trader and even then, I have to do a lot of research and studies to keep myself up to date.
A few hundred pages a week probably… I seriously hope that I don’t get burned out…
Just imagine what people like Donald Trump and Prince Al-Waleed Talal have to go through to keep themselves current. Talking about newspapers alone, I’ve heard that they have to go through a number of them each day.
I wrote a post before about the importance of having an emergency fund.
I’m following through with my own suggestion and I’m doing it myself with the help of my Tabung Haji account.
Personally, I think my Tabung Haji account is a good place for me to treat as a haven for my emergency funds.
Why? Mainly because:
I’m not too sure whether I got this from a book or I thought of it myself. Anyhow, in trading, I believe that you need to possess the two B’s. What are they? Well, they are:
1. You need to be BOLD
Being bold is indeed very important in trading. You need to be able to make out what’s happening with the market, be if you’re a believer in fundamental analysis or technical analysis. Often also, you need to make split second decisions.
2. You need to have BALLS
Being gutsy is also very important. Without this quality, you’ll freeze in front of the monitor, I promise you that. Plus, you need a lot of bravery to see your trading money whipsawing every other day.
So, if you’re a trader out there, do you possess these two qualities? As for me, I still need to do a heaps of work in expanding my BOLDNESS and enlarging my BALLS, so to speak 😉
One of the toughest investment market to break into for youths (although some managed to do it successfully!) is the property market. Two of the major barriers to entry for direct property investment is lack of capital and inability to secure a home loan.
Fortunately for me, I managed to get into the property market earlier this year. This post will be about that.
It has been a while since I last wrote a post. Minus the Van Tharp article series, which were all posted automatically, it has been about a week since I last wrote anything.
Today, let’s talk about Coins and Banknotes. Is there a way how one can profit from them? Apart from the usual FOREX trading, I believe that it is possible to profit from collecting coins and banknotes. Old coins and banknotes as well as the new ones. In fact, history tells us that is indeed possible. Returns of roughly around 13% per annum. Now, that’s not too bad at all! Of course, as with all other investment vehicles, future performance are never guaranteed.
This is a continuation of my initial entry to address questions posed by Fariehaz in an earlier article on FOREX trading.
As usual, I’ll keep it simple. I won’t get into too much details.
First of all, currency peg means fixing the exchange rate of one currency against the other (contrast with floating exchange rates). For example, the Malaysian Ringgit (MYR) was pegged with the US Dollars (USD) at 3.800, after the Asian financial crisis.
So, how is a currency pegged?
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