It is quite enlightening after reading Graeme Maxton interview with Personal Money regarding his third book titled The End of Progress: How Modern Economics Has Failed Us. A summary of his thoughts below. Men’s greed led to mass over-consumption in
Cost for College – a major milestone to achieve for many parents. For some, this milestone of fully covering the total college costs is harder to achieve when it comes to courses like medicine at reputable colleges overseas. Also bearing
I am not demeaning the value investing guru of all time here. It is the actual title of a book by Motley Fool. Here’s the excerpt from the review at Goodreads.Warren Buffett and all of the women of the world have
Coming from a non-financial background, it took me a while to put together all the pieces of what I knew. This should be the simplest flowchart to explain the business cycle if you are not an investment banker. Let me
The real interest rate paid in your fixed deposit savings is actually less than the interest rate quoted by banks. If your financial planner has not already told you about it, then you are in for good treat. Refer to
Employee stock purchase plan or ESPP in short – how you ever drill down the details on how they are implemented from a company perspective? Scenario 1 & 2 below are the past and present methods of implementation for Employee
This is perhaps a more important measure for comparing if your income increment matches your desired lifestyle. Example, it really does not help if the overall reported annual inflation rate is 3 percent but you choose to obtain hire purchase
Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.So what’s the deal on those ratings on government debt? By now, we all know that
You don’t get to see this often. The date is 4 August 2011. The Street slumped 3 percent, and it is not even mid day, yet See Yahoo Finance breaking news remark below. Are you emotionally ready for
The real interest rate you pay for your credit card is not the true interest rate quoted by your bank. This is another example of true financial planning. Assume you are one of those who constantly spend more than you
Real Interest Rate which you are charged or paid can be categorized into annual percentage rate (APR) and annual effective rate (AER). Understand that banks are sneaky. When a financial provider quotes an interest rate, it is not always immediately
EPF Withdrawal for housing loans reduction – aye or nay? Question I have been asking: Is it always wise to do EPF withdrawal from Account 2 for Home Mortgage Capital Repayment or in layman terms, reducing housing loans? Generally, if
Here’s something probably you could relate to. When I need to go to the States for business trip, I go to the Pengurup Wang Berlesen aka Licensed Money Changer and wonder – should I look at the Buy rate, or
A very inspiring article. I personally felt the sentiment as an engineer. If we do not continue to evolve ourselves from our “boxed-in” engineering perspective, we will be ‘obsoleted’. I’m an engineer who grew up in a family of
The concept of diversification in investment can mean in terms of asset class or sectors. To simplify things, let’s take local mutual fund as an example. Funds classified as “Mixed Asset” or “Balanced” type are essentially diversification in terms of
The time value of money formula is one of the financial foundation in personal finance. Approximate this by calculating the Future Value, FV using financial calculator or excel. Say, GSC movie ticket at RM 10.00. Ignoring personal inflation rate, we take
So you always read about the inflation rate reported in the news, such as here. How those numbers are computed anyway? Every month, the Department of Statistics will actually publish the Consumer Price Index or CPI to reflect the changes of
What is bond, really? How does bond work? Bond is a fixed income securities. If issued by private sector, it is known as corporate bond whereas government bond is also known as Malaysia Government Securities (MGS). Bond is considered a
Is our salary keeping up with inflation rate? Say, if your annual salary increment is 10 percent, and inflation rate is at 4 percent, then the ‘effective salary increment’ is actually calculated as such: [(1 + percentage increment) / (1
Inflation – there are 2 types, cost-push and demand-pull. Let me explain. Inflation is inherent to any financial concepts and money issues around us. I can assure you that you and me have definitely encountered the effects of inflation on
Overnight Rate or Overnight Policy Rate (OPR) Refers to the interest rate at which a financial institution lend liquid funds (immediately available money) to another financial institution overnight. This overnight rate is determined by central bank, as in Malaysia, Bank Negara
Rate of return – what is it? Rate of return is also known as the average annualized return or geometric mean of return, a potentially confusing term in the mathematics of personal finance. Compared to simple arithmetic mean, geometric mean
PETALING JAYA: Poor attitude -including asking for too much money – is the chief reason why employers shy away from hiring fresh graduates. Another common complaint is that many graduates are poor in English. A survey by online recruitment agency