Michealwong,

Normally, you will not buy something until you know how much it will cost you. So, why didn't you ask first on all the possible charges before you buy?? This is the lesson that you should learn. And, this is a cheap lesson. One of the lesson that I learnt costs me 50% of all my savings.

Dreamer

P.S.: From "Rich Dad's Guide to Investing", the first rule rule of investing is to make sure that you DO NOT lose money. This was spoken by Warren Buffet too.



Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
Warren Buffett


This post has been edited by dreamer101: Sep 24 2006, 06:56 AM

http://iamfacingforeclosure.com/1/why-i-am...ng-foreclosure/

Interesting housing investment failure story.

Dreamer

I think it a good lesson for him. But this kinda scenario are ripe to happen in USA. Banks there are so loose for them to lend out money to someone with false assets, up to the tune of >$500k, and with 100% on cost of home.

nice link. Thanks for sharing dreamer.

go to those banks like Maybank ,RHB BCHB and so they got sell

So any of you guys know which banks gives higher return on FD?

I got FD in RHB
Not all the banks are the same meh?

This post has been edited by Assassin: Sep 24 2006, 05:50 PM

earlier got la CIMB

Normally all are about the same but sometimes it is a bit different from bank to bank depended on their management.
Eg. hlb gives 4% from 1 years while maybank gives 3.7%

The interest rate of FD depends on bank. There is no fixed rate for all the banks. You can get the interest rate of all the banks from newspaper. Usually business section of newspaper have these information.

Mutual fund has its own advantage. Profit or loss, depends on how you choose the fund. The charges are clearly stated on the prospectus, read it before you invest on mutual fund. Not neccessary you will loss in mutual fund. If you interested and put effort to learn about stock, sure you invest directly in stock market will give you more return.

detail pls.

FD?!Yes if you dont have big dreamz in life.Too low profit ,nearly negligible.Lol...........

Led,

Then, offer an alternative and prepare to defend your recommendation in this thread.

Dreamer

before you invest,make sure you can save your money like coins,that is the hardest part,and the most important part!!do you believe i can buy a motor cycle by cash just only i save my coins??i save until full of a big long bottle.when i count is around 6000.omg...i save for 4years,everyday throw in all my coins that if have.that it,this is the started point.you want to invest,just invest your attitude!!

why u all want to put the money in FD? dont u think the value of the the interest isn't good enough? our inflation rate in malaysia is around 3%. with your FD highest interest FD rate is just around 4%. the real value of the money is decreasing due to inflation. why we find other investment product to hedge the inflation. if u read the Robert kiyosaki book, let money work for u.... with the 4% interest rate, do u think it valueable and enough to hedge the inflation?

before you invest,make sure you can save your money like coins,that is the hardest part,and the most important part!!do you believe i can buy a motor cycle by cash just only i save my coins??i save until full of a big long bottle.when i count is around 6000.omg...i save for 4years,everyday throw in all my coins that if have.that it,this is the started point.you want to invest,just invest your attitude!!

ya..... i also started throw my coin.....but now i think only got few hundred only

you please dont ever touch the coins you have put in,never!!

Outsider,

Be constructive. Offer an alternative and be prepared to debate the pros and cons of your investment idea on this thread. Then, we all can learn. I had read 8 of the Robert Kiyosaki's books. What idea will work in Malaysia??


Dreamer

you know a malay word that most famous and powerful words,"sikit sikit,lama lama jadi bukit."this word is true,i prove it already!in english ,it mean little little,after a time it will be a mountain!!