Where do I stand now? Financially speaking of course.

I’ve been blogging about financial freedom for nearly 2 years now. I’ve started my journey towards financial freedom for even longer than that. So, where do I stand now, financially speaking?

Trading

I’ve been trading stocks and CFDs for nearly 4 years. I’ve been able to stay profitable for all these years, and hopefully for a very long time.

I’ve reduced my trading stake due to the lack of certainty we’re having right now. I’ve already reinvested quite a significant proportion of my profits into a new business venture.

So far, for the past few months, my trading account has been advancing, but very very slowly. Snail pace.

[Read more…]

Additional Units for Amanah Saham Malaysia (ASM) and Amanah Saham Wawasan 2020 (ASW 2020) in 2009

Additional units have been announced for two PNB-managed funds. There’ll be an additional 2.22 billion units for Amanah Saham Malaysia (ASM) starting from April 21, 2009, and another 2 billion units for Amanah Saham Wawasan 2020 (ASW 2020) starting from April 27.

However, maximum allowed per investor is 20,000 units.

Have a look at The Star article here.

[Read more…]

When should I start investing? When should I launch my business?

Being young and inexperienced, I always get criticised when I talk about investment and business. Well, that’s to be expected of course. After all, how much knowledge can a 22-year-old have?

Often am I told things like:

  • “Why are you worrying about this so early, you’re still young”
  • “Come on lah, you’re still in university. Think about this after you graduate lah.”
  • “Focus on university first. Then only care about other things.”
  • “You’re still in university. Focus on that. And then work for a few years first, then only talk about starting your own business.”

[Read more…]

Discussing Amanah Saham Bumiputera’s (ASB) Maximum Amount Above RM200,000. Whether you can withdraw your money and deposit back or not.

My original understanding was that, the maximum principal that can be deposited into my Amanah Saham Bumiputera (ASB) account is RM200,000 and if the balance goes beyond and that and withdrawn, you can’t deposit the money back (up to the threshold of RM200,000).

[Read more…]

How to become very rich in Malaysia. Bagaimana untuk menjadi kaya di Malaysia.

Here’s an article that I came across a while back on The Star’s website.

THE STAR

Click on the link above and have a read. It’s an interesting article indeed.

[Read more…]

Should we save our money or go on a spending spree in the current crisis?

What do we need to do in the economic crisis that we’re facing at the moment? A lot of people are advocating that we shouldn’t splurge and we should save our money for the future.

Is that notion correct?

Going back to economics 101, it’s actually the other way around. As we all know, negative Gross Domestic Product (GDP) growth equals a recession. To support GDP, one actually needs to spend his/her money. Only then you can fuel the economy. If we save, we’re only crippling the GDP.

During an out of control economic boom do we only start cutting down on our expenditure so as not to allow the inflation goes out of hand.

However, of course, things are not as simple as that. The emotional distress that a financial crisis gives you alone is enough to deter you from going out there and shop like there’s no tomorrow.

Also, one thing to remember, splurging helps the economy but will be bad for an individual’s nest egg. Agreed?

Please, my readers out there. Do participate in the discussion. What do you reckon? Should we spend or should we save?

P.S. If you ask me whether am I spending or saving, I’d say I’m saving my money. I’m pretty much scared shitless thinking about what’s going to happen to me after I graduate.

————————————–

Disclaimer: This article is not a specific nor general advice on managing or investing your money. This article does not constitute a recommendation nor does it take into account your investment objectives, financial situation nor particular needs.

Go to HOME
Go to SITE MAP
Go to DISCLAIMER

Folks, I’m not in any way related to Permodalan Nasional Berhad (PNB)!

I need to make it clear that I am in no way related to Permodalan Nasional Berhad (PNB). In fact, I don’t have any relations whatsoever with any other financial institutions in Malaysia, apart from being an investor.

[Read more…]

Return to top of page

Copyright © 2019 · Faliq Fauzi · Log in