saving Archive

  • JUST the thought of retirement can cause anxiety and many to feel overwhelmed. A recent global survey showed that 88% of pre-retirees in Malaysia stated they are worried about not having enough money to live on day-to-day at retirement and that goes to show how unprepared some of us are.

    7 biggest retirement planning mistakes

    JUST the thought of retirement can cause anxiety and many to feel overwhelmed. A recent global survey showed that 88% of pre-retirees in Malaysia stated they are worried about not having enough money to live on day-to-day at retirement and that goes to show how unprepared some of us are.

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  • Not 'fine-tuning' but MAJOR overhaul is needed to our economy. We are still using the same Keynesian economics where consumption is good and saving is bad in such that saving deprive the economy the lubricant for more growth. This same Keynesian economics is responsible to what is happening to US and Europe now. The great Keynesian experiment is coming to its end. The problem is debt. We need to teach people to spend within their needs. Not borrowing to buy thing they not really need.

    News – Some fine-tuning needed to fix imbalances, says CIMB Investment

    Not 'fine-tuning' but MAJOR overhaul is needed to our economy. We are still using the same Keynesian economics where consumption is good and saving is bad in such that saving deprive the economy the lubricant for more growth. This same Keynesian economics is responsible to what is happening to US and Europe now. The great Keynesian experiment is coming to its end. The problem is debt. We need to teach people to spend within their needs. Not borrowing to buy thing they not really need.

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  • Borrowing and saving are really about whether to consume more now or later (or more later and less now) and we agree with Professor Antony Davies that these decisions are best left to individuals - and not the nanny-state/Fed. Each person's judgment of what is best for them is replaced by the Federal reserve's judgment and the free market interest has become a thing of the past (for now). Lower rates don't mean more spending; they mean more spending now and less in the future.

    Are Low Interest Rates Good?

    Borrowing and saving are really about whether to consume more now or later (or more later and less now) and we agree with Professor Antony Davies that these decisions are best left to individuals - and not the nanny-state/Fed. Each person's judgment of what is best for them is replaced by the Federal reserve's judgment and the free market interest has become a thing of the past (for now). Lower rates don't mean more spending; they mean more spending now and less in the future.

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  • If you open a savings account at the bank, they will pay you interest on your savings. So you think that your savings are guaranteed to grow and that makes you feel extremely good! But wait until you see what inflation will do to your investment in the long-term!

    Saving Versus Investing

    If you open a savings account at the bank, they will pay you interest on your savings. So you think that your savings are guaranteed to grow and that makes you feel extremely good! But wait until you see what inflation will do to your investment in the long-term!

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