If you are a normal wage earner, you don't have a lump sum of cash on your lap, and you don't play shares... You may find this investment advice useful.
Number one. Invest in fixed deposits.
Put RM1k (minimum deposit) into any bank's fixed deposit. The interest rate is at 3.70% per annum. Put it in a 12-month tenure. Your 3.70% will come at exactly one year later.
Repeat this every month for 12 months. At exactly 1 year from now...
- You will have 12 fixed deposit certificates, one for each month.
- You will enjoy 3.70% (RM37) of interest every month.
- You have the flexibility of taking out RM1k worth of fixed deposit every month.
It's better than dumping in RM12k into fixed deposits in one lump sum. You don't have a lump sum of RM12k anyway. If you're a normal wage earner, it won't happen. At least, not too early in your working life.
Staggering it over 12 months will be more strategic because...
- You get to liquidate your fixed deposit during a rainy day in any month. Assets that cannot be easily liquidated is almost the same as not having them at all.
- You don't have to forfeit your 3.70% interest if you liquidate your fixed deposit before maturity. Sometimes, you don't need RM12k. It will be a waste to liquidate RM12k if you only needed RM1k.
- You can't withdraw RM12k in one go. It helps you to not be spendrift.
Number two, invest in oil.
No oil mine in your back yard? Never mind.
Go here.
Pump RM30. Take the receipt. Staple it on the contest form. Drop it in the box. Then, wait for the magic.
- If you're lucky, you may get RM25k. That's equivalent to an interest rate of 83,333% per week!
- If you're not so lucky, you may get RM1k! That's an interest of 3,333% per week.
Beats any fixed deposit or unit trust. Even the stock market can't come close! Hehehe...
The Shell contest period just ended on 2nd March.
Never mind. If no Shell...
Go here.
Pump RM20. Swipe your Mesra card. This one's easier. No need to fill in form. Just wait for the magic.
- If you are lucky, you will win a brand new car! That's like dunno how many percent already! *faint*
- If you're not so lucky, you may still win RM1k.
In a nutshell, don't put all your eggs in one basket. Diversify, diversify, diversify. And think outside the box! :)
2 comments:
A banner ad says we should invest in the Iraqi Dinar. This makes sense, as currently:
1 Iraqi Dinar (IQD) = Malaysian Ringgit (MYR) 0.002548
Which means 1 Ringgit can buy 392 Iraqi Dinar.
Iraq is getting more stable with US forces having wiped out 95% of Al Qaeda. Soon Iraqi oil will flow out again. The Great Babylon will rise as an economic world power as foretold in Revelation. The exchange rate will rocket up as Iran trouble and Israel-Palestine conflict causes all other Mid East oil states to shut of oil.
For 2500 Ringgit, you could be a multi-millionaire in 10 or 20 years time!
Serious ah?
If the Great Babylon will rise as an economic world power in 10-20 years time... How can we be around to enjoy it?
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