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Category: Financial News

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ABCs of Personal Finance

Financial news: Countries with decreased housing prices. Does this mean it’s easier for the people to buy a property?

It’s quite funny, really. When we think prices are moving up, we buy. It does not matter who made us think so. We may also not have any idea if we are already buying at the peak but it will only matter later. The worry is not being able to get anything if we do not buy now. I have friends who bought into the craze of a certain area many years ago and until today, that same little unit is still not fetching the rental which she thought she would. Perhaps just need to wait a little longer.

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photo of city buildings during night
Financial News

Financial news: My city has MORE Billionaires than your city.

If we write a 1 followed by nine zeros, we will get 1,000,000,000 = one billion! If we write a 1 followed by six zeros,
we will get 1,000,000 = one million. Are you aiming to be a millionaire or are you already on the road towards becoming a billionaire? Well, investing along may be tough to reach RM1 billion. Probably becoming an entrepreneuer would provide such a possibility. Here are all the richest Malaysians. Yes, they are all within the billionaires group. Ranking usually do not rank anyone without at least a billion to their name. Who are the richest Malaysians in the world?

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silhouette of a person sitting in front of the louis vuitton store
Financial News

Financial news: If you are looking to invest, perhaps luxury is another choice

When it comes to the stock market, many friends ask, what industry to buy? Well, if the industry is growing, everyone knows about it. However not every company inside the industry is worth investing into. Meanwhile some asked for the company name instead. Truth is, if everyone knows the company name, how could it be an undervalued counter? Or if the company is totally unknown, then why are we buying into the company?

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kuala lumpur building
Financial News

Financial news: IMF chief economist says that inflation could remain high until 2025.

As someone with asset investments (real ones and not the speculative ones), inflation meant that the price of those assets would move upwards with every passing year. That’s good for anyone with an asset. At the same time, whenever I spend money, I noticed that prices have continued to move up. My favourite bowl of fish soup noodle used to be once upon a time RM5. Then, 10% up to RM5.50 and today, it’s RM11. I have no idea if the ingredients really did increase in price that much.

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close up of man holding coins in hand
EPF

Financial news: Only 19% EPF contributors have sufficient savings to live above poverty line after retirement

If we take these two and we combine the info, then RM2,208 divided by 4 persons meant that this household has RM552 per person in the household. Fortunately it’s a household, so whether rental / home loan repayment is just one person and not all. Meanwhile cooking at home will lessen some of the burden versus eating outside. Nevertheless, it’s not a good life and Statistics Department classified any household with RM2,208 as living under poverty line.

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high rise buildings of kuala lumpur
ABCs of Personal Finance

Financial news: S&P Global comments on Malaysian banks amidst tougher conditions in 2023

A friend asked me what will happen to Malaysian bank if even the 16th largest bank in the US, SVP Bank could collapse. I smiled and said that it’s best to look at them separately. There are many reasons why SVP Bank collapsed. The reasons are not present with Malaysian banks. Read here for the earlier article: Moody’s downgraded the US banking system outlook I shall not comment further about Malaysian banks. We look at the comments by S&P Global instead.

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woman driving a new audi car
ABCs of Personal Finance

Financial News: Car buyers get better deal with abolishment of Rule of 78 (if and when it happens)

” The Rule of 78 is a method used by some lenders to calculate interest charges on a loan. The Rule of 78 requires the borrower to pay a greater portion of interest in the earlier part of a loan cycle, which decreases the potential savings for the borrower in paying off their loan. Do read the full defintion and more explanation here at investopedia.com “

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alluring flioght attendant serving vip passengers
Financial News

Financial News: Who are the richest people in Malaysia and the world?

This was widely reported. It’s always a popular topic. Who are the richest Malaysians? Why are they so wealthy?Did they become rich recently? Did they build their wealth over time? Were they rich because of the generation before them? Are they rich because of technology? As they say, technology is now driving all the transformation all over the world. ChatGPT for example is one such huge change.

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aerial view of st johanns church in luxembourg luxembourg
Financial News

Financial news: Richest countries in the world by GDP per capita basis

First one shows us the GDP per capita for the top 10 countries in the world; their GDP per capita in USD show that they are above all other countries. It does not mean their richest are the richest yeah. It meant that their country’s GDP divided by the number of population they have meant that they are richest in the world. So, if the country has a smaller population, it does help a little even if the GDP is also due to the population’s hardwork too.

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pexels-photo-164527.jpeg
Financial News

Financial News: What happened to Credit Suisse?

We just got the huge news about the sudden collapse of SVB bank which was a top 20 bank in the United States just a few days ago. It’s all over all media and it’s still a heavily talked about topic. I have funds in Stashaway and they sent an email to detail to all the investors that its funds are safe and exposure to SVB bank is negligible. I could accept their explanation, so my funds in Stashaway is still in Stashaway.

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