The Star Online: Business
The Star Online: Business |
- Creative ways to save your money
- Foreign selling of Malaysian equities hit RM989.3m in wk ended March 14
- Weak start for KLCI on Crimea tension
| Creative ways to save your money Posted: 16 Mar 2014 04:08 PM PDT WE are a resourceful lot. There are many creative ideas and ways when it comesto savingmoney. By saving more,we would have more to accumulate and invest. 1.BarterBartering is the oldest form of transaction and existed before money was used. There are a few Apples for Eggs is an initiative where participants bring home-grown herbs, veggies and crafts to exchange for similar items. 2.Buy cheaper at markets or second-hand. Flea markets environment in the Klang Valley are rather lively with malls like Jaya 33 or The Curve holding regular markets. They offer new items like clothes, novelty items and food at cheaper prices. Amcorp Mallflea market has gained popularity for its variety in goods and prices and is a real treasure trove for new and second-hand goods. ibu Jumble is a gem for sourcing second-hand baby stroller, carseat, cot, toys and clothes which a baby outgrows within weeks so there's no need to buy new ones. My three kids were brought up on stuffs bought at ibu Jumble where I paid only 3. Compounding effect Such savings can accumulate with the effect of compounding. Small but regular investments with fixed annual return can make you a more successful investor than one who waits for the right time to invest. For example, gety our savings from ibu jumble and make the money work harder. Instead of RM1,000 for a new stroller, new parents may pay only RM300 for a second-hand one, and baby clothes from newborn to 12-month old at RM5 apiece and not RM45 on a pack-of-three. The cost of welcoming a child is reduced by RM790 on just two items, without lessening the joys. With savings of RM790 (from the example above), you can double it in 7.2 years at 10% return a year. If you have a question, Cheong Wai Quan can be contacted at info@successconcepts.biz. |
| Foreign selling of Malaysian equities hit RM989.3m in wk ended March 14 Posted: 16 Mar 2014 07:06 PM PDT KUALA LUMPUR: Foreign selling of Malaysian equities rose to net RM989.3mil in the week ended March 14, 2014, which was the highest in five weeks, MIDF Equities Research said. The research house said on Monday this was an increase from net RM218.9mil outflow the week before. "Foreigners sold every day, except on Tuesday. On Wednesday, the size of the pullout surged to -RM399mil, the second highest this year, after the -RM556mil drain on February 4. Selling continued to be heavy on Friday (amounted to -RM397mil), which is rather ominous for the market this week," it said. MIDF Research pointed out although the sale amount exceeded RM300mil on two days last week, the daily outflow was capped at below the RM400mil level this year, except for one day. "For the year to date, foreign funds have pulled out -RM6.54bil net from Malaysian equities. Still, we estimate an overhang of foreign liquidity amounting to RM27.4bil, for cumulative money flow since January 2010," it said. |
| Weak start for KLCI on Crimea tension Posted: 16 Mar 2014 06:24 PM PDT KUALA LUMPUR: Malaysia's blue chips started Monday in the red, mirroring the worries in key Asian markets after Crimean citizens voted to be annexed by Russia. At 9.07am, the FBM KLCI was down 1.37 points to 1,803.75. Turnover was 55.77 million shares valued at RM29.11mil. There were 83 gainers, 117 losers and 152 counters unchanged. Reuters reported global markets were on edge after Crimean citizens voted to be annexed by Russia, prompting risk-wary investors to seek traditional safe-haven bets. Over 90% of Crimean voters chose to break with Ukraine and join Russia on Sunday, an outcome that was denounced by Western powers and leaders in Kiev as a sham. JF Apex Research said following the bearish sentiment in global markets, it expects the KLCI to remain negative with support at 1,800. Plantations and Petronas-related stocks fell in thin trade while MAHB again slipped into the red. KL Kepong fell 46 sen to RM23.30 and Genting Plantations lost 30 sen to RM10.40. However, United Plantations gained 78 sen to RM25.78, PPB Group 20 sen higher to RM16.28 and Batu Kawan added 10 sen to RM19.70. Petronas Dagangan fell 30 sen to RM30 and Petronas Gas 10 sen to RM22.90. UMW was down 10 sen to RM10.60 with 64,000 shares done. MAHB fell 11 sen to RM8.07. Datasonic, whose share price had surged many fold since last year, fell eight sen to RM3.56. Encorp rose six sen to RM1.34 and Encorp-WA added 5.5 sen to 53 sen on a news report that Felda was keen on a substantial stake in the company. |
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