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 I am preparing for Global Recession, Be cash rich

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PatEagle
post Sep 14 2011, 11:32 PM

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Joined: Apr 2006
From: Kuala Lumpur, Malaysia

QUOTE(chunyen2020 @ Sep 14 2011, 03:20 PM)
Buy what you need the most and invest the rest of the money.
At least try to preserve the value of your money.
*

SPOT ON. The key is how to preserve the value of your money.
"There is no ceiling for GOLD …because there is no floor in currencies." - Peter Schiff


Added on September 14, 2011, 11:42 pm
QUOTE(Robin Liew @ Sep 14 2011, 03:31 PM)
put in as1m ok?
or pay into housing loan better?
*

Robin, here's what thousands of people are doing today...
Buy Genneva Gold and use the monthly hibah (gift based on Shariah principles open to all communities) to pay whatever loans or children's education. Seriously. I'm one of them.... the children's education part I mean. At my age, it would be hell if still have housing loan in the current economic climate of uncertainties. rclxub.gif

Sigh.


Added on September 14, 2011, 11:44 pm
QUOTE(Fabio1 @ Sep 7 2011, 01:00 AM)
If I were you I will cash out from market ,share,mutual fund,cut down your loans as much you can , pay of your housing loan via EPF and etc
*

Yeah, use Account 2 of EPF to the max!


Added on September 14, 2011, 11:50 pm
QUOTE(Nat Ho @ Sep 7 2011, 01:10 AM)
does saving in bank (in malaysia) safe?
*

The answer is NO. Too tired now to summarize the discussion between wodenus and I.
Follow the thread at http://forum.lowyat.net/index.php?showtopi...post&p=43622596

Goodnite. yawn.gif


This post has been edited by PatEagle: Sep 14 2011, 11:50 PM

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