ABCs of Personal Finance
Why buy property? Better save RM1 million instead
Recently, it has been revealed that many developed countries are suffering from double digit inflation and that’s one major reason why they kept increasing their interest rates in order to tame inflation. One biggest example is the U.S. The interest rates have been raised to the most current 3.8% from an average of 0.9% in 2020. It’s 4x higher versus that starting point. With all these expectations, the US$ continued to chalk new highs versus all major currencies except those which is pegged or linked to it.