KUALA LUMPUR, Nov 1 — Datuk Seri Idris Jala said today that Malaysia could still become bankrupt within a decade if it spends borrowed money on operational expenditure such as subsidies instead of investing the cash.
^ Yang Berhormat Senator Datuk Seri Idris Jala is the CEO for Pemandu
“If our economy grows less than four per cent… and we don’t cut our operating expenditure, if we borrow at 12.5 per cent, if our annual debt rises to 12.5 per cent and our revenue does not grow, then it will happen,” Idris (picture) said today after announcing the latest investment updates for the government’s economic transformation programme (ETP).
The performance management minister triggered alarm bells with his controversial bankruptcy forecast last year.
Malaysia’s national debt rose by 12.3 per cent to over RM407 billion last year, according to the Auditor-General’s latest report released last week. [Read more →]
I was doing my research and read up on precious metals. While doing that, I found this youtube clip by our local wealth coach, Azizi Ali.
Of all, I particularly like the following quote from him:
“It [gold] was the all time high, ALL THE TIME!”
The video is back dated to Sept 2011 and it is a teaser for his previous seminar on gold and silver. If you are interested in more of his coming seminars, you can visit this link for details: http://www.millionairesplanet.com/GoldSilver.htm [Read more →]
10 Nov 2011 – THE DOLLAR Gold Price is set to reach $2400 per ounce, according to legendary investor Jim Rogers, cofounder of the Quantum Fund with George Soros in 1973. Despite his prediction, Rogers says he is more interested in Buying Silver.
^ Jim Rogers suggests buying real asset
The Gold Price “will easily go to $2000, but it will reach $2400 over the course of the bull run, which has years to run,” Rogers told CNBC this week.
Rogers also predicts the Gold Price will enter bubble territory – though he says this may be some way off yet. [Read more →]
Herd mentality describes how people are influenced by their peers to adopt certain behaviors, follow trends, and/or purchase items. Examples of the herd mentality include stock market trends, fashions in apparel, cars, taste in music, home décor, etc. – Wikipedia
^ Don’t be among the sheep. Meehhh…
If you have not heard about herd mentality, you may want to stop your world for a second and read up a bit on it. Chances are if you are making decisions based upon the actions of others, you may be among the sheep.
Investors with herd mentality are usually at the bottom of the food chain when it comes to investment. Because they rely mainly on grapevines, they usually buy during uptrend and sells during a downtrend.
Here are six tips on how to avoid being a sheep.
1) DYODD – Do your own due diligence.
Everybody is a guru of their own league. Without a solid understanding on the fundamental, you will be swing left and right by all these so-called investment gurus.
Some may predicts silver will dunked down to $25/oz and that would be the best time to buy. Another guy you barely known will say it is now or never! Dig out all your cash today and buy as much as possible today! Price will start shooting up tomorrow! Target $65/oz!
^ Mike Myers is the silver guru. He foresees silver will go uptrend forever.
You should start by understanding the primary fundamental of silver before diving into it. Having your own point of view is crucial. Bear in mind that sheep does not have the ability to think, they just follow.
Unlike gold, silver is a hybrid with two major usages. Almost all silver ever unearthed are channeled into industrial usages. Merely 5% of silver are used for store-of-value or monetary purposes. Silver is traded just like any commodity in COMEX and is subject to volatility. Unless you are able to tolerate the yo-yo like prices, you may want to consider alternative investment.
Do your own research sufficiently on the nature of silver.
Here is a quick one. I previously blogged about UOB running out of stock for their gold bullion product. UOB is finally out from the Gold Bullion dry spell. They have now replenished their bullion silo with the new 2012 Australian Kangaroo Nugget. Only Australian Kangaroo are available though. I confirmed this as I have paid Jalan Raja Laut’s UOB a visit last Friday. Get it while it lasts!
On another end, a Maybank representative updated me that Kijang Emas will only be in stock from next year onwards.
