I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

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Value Investing
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Monday 27 February 2012

Sign of interest rate picking up???

Maybank iSavvy 12-months FD at 1.18% when I renewed this morning. Last year was at 0.88% if I remembered correctly.
Posted by Createwealth8888 at 09:09
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2 comments:

  1. Anonymous27 February 2012 at 09:41:00 GMT+8

    A sign of coming trouble in the place where it hurts the most i.e. home

    ReplyDelete
  2. Anonymous27 February 2012 at 18:35:00 GMT+8

    The banks have tighten the money supply recently escpecially to those who want to apply loan for micky mouse apartment.

    The bank deem these micky mouse apartment as risky asset; it will be hit hard during economy downturn as most of these apartments are for investment. Their value will drop sharply and bank may request for margin call.

    RayNg

    ReplyDelete

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