PETALING JAYA: The KL Composite Index (KLCI) tumbled 14.1 points, or 1.6%, to 876.6 yesterday, off its intraday low of 868.7
Losses on Bursa Malaysia were mainly led by heavyweights. Malayan Banking Bhd (Maybank) fell 14 sen to RM4.96, TM International Bhd lost 33 sen to RM2.69, Bumiputra-Commerce Holdings Bhd dropped 35 sen to RM6.55 and Public Bank Bhd declined by 30 sen to RM8.50.
4/3/2009 Public Bank was 20 sen lower at RM8.20, MISC-foreign declined 20 sen to RM8.00, UMW fell 10 sen to RM5.20 and TNB lost 10 sen to RM6.20.
PETALING JAYA: Overall loan approvals in the country fell for a fifth consecutive month in January, down 35.6% on an annualised basis to RM16.6bil.
Bank Negara data released last week showed major loan indicators registering “a moderating trend” in January.
Overall loan applications fell on an annualised basis of 21% in January to RM31.6bil, according to Bank Negara.I am forecasting that the Banking share NAV will continue drop unless there is second time of reducing BLR or longer time period....
Wednesday January 7, 2009
Top Investment
OVER the years, real estate has proven time and again its stability, attractive returns and ability to hedge against inflation. Assuming you have RM100,000 set aside for investment purposes, at least RM60,000 should be invested in properties. Less than RM30,000 go directly into the stock market and the balance (less than RM5,000) into high risks, highly leveraged, volatile investments such as Options, Futures or Foreign Exchange (Forex).First, it's extremely important to build up a solid investment base using real estate before venturing into other investments to give your portfolio regular and predictable rental income and to enjoy capital appreciation
Some trainers mention that you only need less than 20 minutes a day.Yes, only if you have invested at least two hours per day over the next three years mastering the subject - a hidden fact many are unaware of.
The risks here are higher as landed properties will give you negative cash flow if you put in the minimum down payment. Your ultimate goal in property investments is to eventually move to the commercial sector once your budget grows to RM1 million.
