i agreee.......watch our rearends........ if war happens, we need gold to pay for our ferry tickets out of here.
Much like what the vietnamese used in the their last war........

paper fiat was not acceptable........

if you wanna stay, you would need land..........to feed yerselves

I find this thread very interesting and edifying.
We keep talking about people who has emergency funds, gold, land and property...but what about the people who are just starting out and in building their egg nest?
Will Insurance fail as well? Kinda obvious I guess..


You can. Just need a license and lots of cash. And even after you first purchase the hand gun, the instructor will keep it for you until you have obtained the license and gone through certain practice hours if I'm not mistaken...

IMHO - barring end of world apocalypse / great wars / Malaysia war scenario, the best-est environment for a beginner is in a low or "bust" phase
eg. depression-like but not to THAT extent where no income/jobs/etc.
Reason: during our accumulation / building up phase, if it's a long depressed economic cycle (say 5 years?), one can accumulate great bargains BUT it wouldnt feel like it until the depressed economy goes back to norm or boom. Side-gain = self & family learns to be frugal and not spendthrift

Hehhe - personally (sorry guys/gals who are in retirement now), i want a semi-depressed economy for a few years, like post 1998 to 2004-ish until my retirement, then BOOM cycle - yeah baby, yeah.
Yes yes - i'm evil

------------
Now about them guns, U got "official jalan"? Can i PM U ar?

This post has been edited by wongmunkeong: Sep 20 2011, 02:02 PM

Continue to build nest, continue to equip and improve yourself in term of skill, knowledge and ability.

Earth one day surely will be destroyed one.
But you don't stop your activities just because it will end one day.
Just like we, or everyone surely will die one day, so you stop learning, working, earning money right now?
This is not something one needs to think too much, but prudent financial management is always needed in whenever time.

Nobody knows the future, but skill is something most valuable asset one has.
Money can come and go, skill and knowledge remain.

It is skill that can generate your wealth.

Agree with @cherroy.

The only thing for those people who just starting out, there are no definite guide for them. It is all out there for them to go and learn.

You mean the government had impose more than 60% on income tax?

arthurlwf,

50+% of the KLSE is owned GLC and GLIC. The G stands for Government. Haven't you seen and hear more and more implicit tax increase??

The latest one is the prepaid card tax... Then, you will get GST too...

<<You mean the government had impose more than 60% on income tax?>>

That is TOO OBVIOUS and will drive out all the rich people that can leave any time... Plus, it will not raise enough money anyhow. Only 1+ million people pay income tax....

Dreamer

Yeah, heard the GST already. Its impacting the Malaysian.

Between the rich people and cronies, which is more important to the government?
One day the government will impose another bigger tax for people bringing money out from the country.

arthurlwf,

You still do not get IT.

Why would they tax themselves?? They are the ONE that bring money out....

They will tax people that cannot do anything about this.

For example, sugar price. Rice price.. Cooking oil tax... It is ALL happening now...

Dreamer

Well boys I am not convinced with the economic situation ,I will rather invest in land than anything else but its so f..g expensive now

How sure are you that they would tax themselves when they are bringing money out?

Agree, all the prices are increasing from one item to another item at the moment.

---

Added on September 22, 2011, 1:05 amWhen I was at HK recently, I saw ads in the HK newspaper doing marketing to sell KL properties.
To foreigner view on KL properties, its call cheap.
To our view, its call expensive

This post has been edited by arthurlwf: Sep 22 2011, 01:05 AM

All boils down to our average income level la bro

I like u statement.
Poor/middle class people are always being the one who suffer(which form the majority of population).
Sad to say that rich people still haven't realized/acknowledged it.
The classic example is GST...


This post has been edited by firee818: Sep 22 2011, 08:08 AM

Its always the poor/middle class who suffers in thirs worlde country which
invariably would be corrupted.

The rich are churning out lotsa $$$$ through their sleazy deals.
Why do they care about a measly 5% GST?

it is due to the mismanagement of money that malaysia is now in deficit. That is why GST will be introduced in the future, hopefully can fill up government's coffers so that the gomen can misuse the money again..

firee818,

The MAJORITY supported this GOVERNMENT. So, they reap what they sowed.

What is the PROBLEM??

Dreamer

Mis management is a nice word....

Is it?? If i am not mistaken, PR got more votes than the government in the last election.

jphlau,

So?? There is still plenty of people supporting this GOVERNMENT. And, THEY are the GOVERNMENT with 1.2 millions to 1.6 million people. They will bleed this country dry until the WHOLE ECONOMY collapses.

They will not and cannot wake up until it is TOO LATE... How could them?? They cannot break their rice bowls in order to save the country.

Meanwhile, average people will suffer along with all those price increases to support the Government and GLCs...

Dreamer

In Sarawak (population around 2.5million, 50% are bumi (they called Iban..) who live in rural rural areas). They get brainwashed+money by xxxx. RM200 per vote, grey area Rm1000 per vote(Rm500 take first, remaining Rm500 if win). I m talking serious.
Really smart!