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 I am preparing for Global Recession, Be cash rich

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TSFabio1
post Oct 1 2011, 07:35 AM

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Do you belief in the Gov inflation statement , we are crazy to belief the Gov,
cash out guys ,dont burn your finger
edyek
post Oct 1 2011, 12:18 PM

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QUOTE(Hansel @ Sep 28 2011, 11:04 PM)
Doing business in Malaysia is still the best way to make a living, we have control over many things -> our taxation, our retirement age, it's endless, since the regulators are not so 'on the ball' in many areas.
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I strongly agree with @Hansel. biggrin.gif thumbup.gif laugh.gif nod.gif flex.gif


Hansel
post Oct 2 2011, 09:31 AM

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Thank you for all the supports.

I would also like to add that if and when we migrate, we should try our best to be fair to the destination country, by declaring and paying the taxes accordingly. Do not short-change the destination country, otherwise, why did we choose to migrate to that country ?

It is a choice that we have made, therefore, let us be fair and be right towards the new country.

Let us be aware that we cannot choose where we are born into, but we can choose where to go to. There is always a choice.

IN another context, one may or may not fight for a country that he is born into, but he is dutiful to do national service for a country that he chooses to go to.

This post has been edited by Hansel: Oct 2 2011, 09:33 AM
TSFabio1
post Oct 15 2011, 09:56 AM

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Guys if you are given a 1 Million dollar where and how do you will invest and why you will invest in that choice you make
Hansel
post Oct 15 2011, 10:17 AM

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Let's help before this thread is closed.

What are you good at in terms of investments ? Go into what you are good at. And always think diversification.

Before going into what you are good at, park your money in a few banks in Malaysia, each FD cert should be below RM 100K in value.

I would advise the above first.
bursalchemy
post Oct 15 2011, 10:48 AM

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QUOTE(Fabio1 @ Oct 15 2011, 09:56 AM)
Guys if you are given a  1 Million dollar where and how do you will invest and why you will invest in that choice you make
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Better invest ur money in FD first, make it as liquid as possible. probably u can decide to park it at different bank. te sum insured by PIDM is rm200k, wait for the upcoming recession to come. dun expose urself to any stock, or u can invest in bonds (but nt junk bond), to get a minimal return of 4% pa if u willing to take certain risk. u can consult a financial planner, since u have so much money to invest. alot of the professional will willing to help u plan for ur money. brows.gif

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