As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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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.

2 comments:

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

    ReplyDelete
  2. 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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