Today was like any other day.... occupied with workload,
except that the rates for foreign exchange (FOREX) dropped a little more than a little. So was the price of gold.
Checking the FOREX and GOLD has also been a part of my life & job ... hehe
I took a baby step today, venturing into the new horizon ... FOREX (albeit Foreign Currency Fixed Deposit)
My next baby step ... dabbling with gold (dust) ... I yet can afford to buy them in chunk ... hehe
Oh... thank you LM for sharing with me so many things which I wouldn't know if not for you.
Thank you June for always sharing your thoughts with me.
On a personal note :
I feel blessed every single day.
Mummy must have been watching out for us
I could feel her presence in her absence
Love you lots mummy
14 comments:
on behalf :
Hi Su,
Any reasons why you're into gold?
Seeing that Gold is at sky high prices right now?
Which currency a/c did you open?
Love to get advice from an expert like you ...
Carina
Hi Carina,
Gold .. be it aust nugget, maple leaf, kinebar, pamp gold or even s'pore lion is worth a keep. It's a good gift for the children too. This is partly due to the reducing supply and increasing demand for this scarce commodities. Even banks keep gold reserves.
I'm currently monitoring gold prices, now may or may not be a right time ... but there may sometimes be a dip (just like yesterday where it fell about RM200+ to RM300 for 1 OZ gold)
Yes, you are absolutely right, gold is at one of its highest point now.
I've missed the boat once, should I have not procrastinate and hoping that I get the lowest price, I could have easily made about RM1k in about a year. Judging from the price of gold a year ago, it was about RM2k+ for 1 OZ and it's now RM3k+
As for currency, I've opened a NZD FD account. Hearsay there will be merging of the euro n pound, so either one will go up or go down. Again nothing is certain.
NZD .. happen that it's a place where I intend to visit (let it earn some interest 1st),NZD offer affordable exchange rate and it also happen to offer the highest interest among the currencies.
and oh please ..
I'm no expert else I wouldn't be sitting here writing this =p hehe
I'm just like anyone of us, learning and trying to make my hard earned money work a little harder for me, for I've worked really hard for them =)
please feel free to share your views too =)
ps. you make my day =) it's nice to know there are people out there (like you) who is willing to take a little time on their busy schedule just to read our blog. Thank you so much =)
Hi Su,
Thanks for your views.
Is it right to say that the risk of an FD a/c is that the currency (e.g NZ) you invest in will depreciate when you a/c matures?
I noticed that the interest rates offered for USD and SGD are pretty low, is there a particular reason for that?
I'm just curious cos' if I merely base my decision of interest rate I would go for NZD or AUD, but wonder if there's extra risk to this?
I'm also no expert. I have personally made quite a number of mistakes with my shares and unit trusts. But I think this is part of the learning process.
Personally, I won't be looking into gold now as the prices are pretty high. I would prefer to hold cash or buy blue chips with high yields.
Having said that, it is probably best to reduce loans with high interest (mortgages comes to mind), as a penny saved is a penny earned.
Kind regards,
Carina
Hi Carina,
1. Yes, the risk is definately there.
2. Don't really know
3. Not too sure about AUD, however according to my colleague who's in 'THAT' department, NZD is actually quite volatile at the moment.
4. hehe.. who doesn't make mistakes. I've made plenty too. But like you say, it's all part of learning n life =)
5. Yup, gold prices are pretty high now. I must agree with you that it's time like this that cash is king. Blue chip high yield ... time to grab some of these too especially during 'lower' season.
The key here I believe is to diversify. And always invest with the EXTRA, not with money you need to use. And never never invest by taking loan
6. Definately, paying off debts (whichever higher interest) is wise to do.
ps. You may want to read my previous post (an email forwarded from a friend) too. I think it's a good article. http://su_.blogspot.com/2008/03/properties-aka-real-estate.html
Thanks for the post.
I have to say I am not familiar with the property market, although I do believe that it should slow down in the near term. I'm still looking for signs of this though... unless your friends in mortgages have told you that housing has slowed down? I think the key here is what is your objective? If it's for investment, then +ve cash flow is vital; but if it's not your own use, then buy a place which you can afford.
I heard that you are into Herbalife. A Taiwanese lady, Sunny, set up this nutricious breakfast store near my housing area. My mum is into it, so she is encouraging me to take it. So I have been taking it for the past 2 weeks. Does it work? I understand that you have your own store. I have to say you are one of the most enterprising persons I know, how did you get into that?
Sorry, if I am being a bit inquisitive, but I seldom find ladies interested in all this ... at least not in my circle of friends.
Cheers
Hi Carina
1. myself is not familiar with properties too =)
2. Ahh.. Nutritious breakfast store... they are everywhere.. this is how fast the business is growing. We also have 1 in Tmn Midah.
3. It's great to hear that you & your mum are into it. How do you feel so far? Different people body reeact differently. oh.. i'm just a minor shareholder and have some customer base. When people see the result with their own eyes, they will come to you =)
4. thank you for your compliment. It's really a cap too tall to wear =p I do not know how to say it, but I was fortunate that opportunities came my way and I didn't shy away from it.
There's a lot of hard work & perseverance that people may not see.
Rome was not built in a day.
I always believe that .. Let today's sweat and tears be tomorrow's pearl (mandarin : rang jing tian de han sui he yan lei bian min tian de zhen zhu =)
5. hehe... curiousity is norm.. =) when you say all this.. you are refering to? =)
this CY ah... so good ah advertising for me =p hehe
1. Hope you are not angry with CY. She loves her friends, so sometimes she tells me about the ongoings of her group ...
2. I'm actually interested to know how you started the nutricious breakfast biz ... care to share?
3. On sharing, here's a blog by Rajen Devadason, one of M'sia's premier financial planners. You can access a variety of Free articles from his blog and even sign up for his Free e-newsletter, Get Better. Hope this is useful.
http://the-cool-time-and-money-blog.blogspot.com/
ermmm ... can i ask for advertising fee then ???
Carina
1. hehe..aiyo, how can I be angry with CY? .. hehe =) she's helping me ma =)
2. maybe next time when we meet, we shall talk more on this. Or maybe I'll write a post on this subtly. It's a bit too long to write here in the comment =)
3. thank you so much for sharing. I didn't know he has a blog & the freebies. I only remember reading some of his book eg. The millionaire in me, millionaires are from different planet & financial freedom 2 through m'sian equities & UT (co author)..some some time ago. It's time to refresh my memories again =D
CY,
free yam cha sessions for 1 month ah *wink wink* as advertising fee =D
The millionaires books are written by Azizi Ali. He also has a free newsletter which you an register at www.millionairesplanet.com.
Do you know if banks offer silver coins or ways to invest in silver in Malaysia?
Oopps.. sorry, I got them mixed up. thank you very much for the link. I've subscribe to both newsletter =) and read through some articles =)
I'm not too sure about other bank, but my bank doesn't offer at the moment. Other ways to invest in silver .. sorry, yet to explore..hehe
I guess Malaysians are not that into silver as yet.
Please do share with me as well if you happen to know / find put. TQVM =)
Su, please share your story about on the Nutricious Breakfast/ Herbalife biz.
Also, you know anyone interested to play cashflow 101?
Post a Comment