Personal financial management, V2
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 Jun 22 2011, 07:44 PM
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#1
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Junior Member
183 posts Joined: Jul 2009  
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hello every expert here. I'm Benedict aged of 23years old. I investing FOREX and Silver for 2years.. I'm seek for advise that, what could i do with my spare money RM400-RM500 (after deduct expenses and Saving)?
I did some calculation on FIXED Deposit which can get 3.8% for 5yrs contract, but this couldn't fight against 5% inflation and its return isn't the cup of my tea. sincerely needs your appreciated's advice! salut* |
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Jun 24 2011, 04:50 PM
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#2
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Junior Member
183 posts Joined: Jul 2009
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QUOTE(dreamer101 @ Jun 24 2011, 07:54 AM) benedict1213, hi Dreamer, sorry for my poor english. i Mean i trade Forex and Silver since 2 years ago. i do monitor and study market and economic everyday. BASIC rule of personal finance. You do not invest on anything until you have 3 to 6 months of expense saved as Emergency Fund. Do you have that?? If you don't, save that in FD first. << I investing FOREX and Silver for 2years.. >> You GAMBLE on FOREX and Silver. That is NOT investing. Invest means that you can "sleep for 5 years" and do nothing. You have to monitor FOREX and silver everyday. That is a TRADE. Dreamer  yes, i do have 3-5month of expenses as emergency fund. what should i do next? kenetix bro, i do grab some silver definitely! i planned to use 15-30% of my RM500 monthly allowance. any suggestion? |
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Jun 24 2011, 08:54 PM
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#3
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Junior Member
183 posts Joined: Jul 2009
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wooot! haha.. treat me bro! xD
i will do 30% for investment, 30% for silver, 40% for saving.. |
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