QUOTE(vincentboleh @ Jan 9 2013, 10:28 AM)
Lets take RM100K invested in a year and you get additional 1% or RM1k.
Question is, would you risk your RM100k just for the extra RM1k offered?
I would'nt, but I agree that we all reserved the right to take risk differently.
Remember the grandparents' sayings:
(1) Do not buy house built on mining land;
(2) Only buy landed property; and
(2) If you plan to change your car in 5 years, do buy something with good resale value.
Vincentboleh,
Nobody will invest $100,000 for 1% return and risk for it, if afraid to lose $100,000 and want everything in guarantee, just put it in fixed deposit that offer security and guarantee by PIDM. But in long term, the purchasing power of paper money always goes down by similar percentages. Money won't grows, and have to work with it in order to gain more money.
I heard "power of compounding", but there's still exist "power of inflation". but still, fixed deposit is almost relatively safe, even it not guarantee by government. Just go for it, you choose the vehicle investment yourselves, money and life is yours. no hard feeling.
Grandparent saying is indeed, a good thing. but not all of it, today life is different compare old ages, industrial ages, technology ages. As some of them still believing, get a good school, good job, get a good retirement still exist today. Today, it not only education is vital to us, one of the varies about grandparent is real life experience, it different with us compare before. An entertainment is becoming a real life boom in nations. As saying, there's pros and cons. therefore, i believe change is a must.
This post has been edited by adolph: Jan 9 2013, 11:17 AM