I read a book today about the poor always save their money like it is their golden eggs.
Rich makes their money as golden eggs' mothers (the hen).
I have been in dilemma about puting my third Rm1000 into fixed deposit or Stock market.
After some consideration, I have decided to save it in fixed deposit as my emergency funds. Although it breeds like snail but its liquidity is convenience for emergency purpose. I dont want to lose money when liquidify my shares from stock market for avoidable purpose with emergency funds.
My aim is to save atleast Rm3000 liquidify amount.
Only then I can put the rest into stock market. Divide it into three months policy. Three months save, Three months invest.
Feb ~April Save Rm3000
May~July Invest Rm3000
Aug~Oct Save Rm3000
Nov~Jan Invest Rm3000
Divide it into 50:50
Risk control.
Rich makes their money as golden eggs' mothers (the hen).
I have been in dilemma about puting my third Rm1000 into fixed deposit or Stock market.
After some consideration, I have decided to save it in fixed deposit as my emergency funds. Although it breeds like snail but its liquidity is convenience for emergency purpose. I dont want to lose money when liquidify my shares from stock market for avoidable purpose with emergency funds.
My aim is to save atleast Rm3000 liquidify amount.
Only then I can put the rest into stock market. Divide it into three months policy. Three months save, Three months invest.
Feb ~April Save Rm3000
May~July Invest Rm3000
Aug~Oct Save Rm3000
Nov~Jan Invest Rm3000
Divide it into 50:50
Risk control.