Posted by financialplanner8 on July 14, 2008
Remember the last time you left the house late for an event and figured you could make up for it by driving a little faster?
But you were late anyway. It’s tough to make up lost time. Leaving 15 minutes late for a drive that ordinarily takes an hour at 55 miles per hour would require you to fly along at 73 mph to arrive on time. In most parts that’s just reckless.
A similar kind of math applies to your retirement savings, with inflation is a problem we cannot and never will able to run away from, start investing NOW before it is too late .
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Posted by financialplanner8 on July 14, 2008
The KLCI fell to a 16-month low of
1,119.9 points on Friday as sentiment
was weighed down by declines in
regional markets. The index closed at
1,134.1 points to register a loss of
4.7% for the week.
Regional markets continued to
consolidate as oil prices touched a
record high of US$145.29/brl on
Thursday.
The local market is expected to
continue to take its cue from regional
markets as investors monitor the
outlook for economic growth, oil
prices, inflation and regional interest
rates.
STOCKMARKET COMMENTARY
The KLCI eased in tandem with declines
in regional markets and touched a 16-
month low of 1,119.9 points on Friday.
However, buying support of selected
index stocks helped the KLCI to close at
1,134.1 points to register a loss of 4.7%
for the week.
Average daily trading volume was
unchanged at 0.4bil units while daily
turnover in value terms increased to
RM1.1bil from RM1.0bil in the previous
week.
Regional markets continued to
consolidate as oil prices touched a record
high of US$145.29/brl on Thursday. The
South Korea market fell by 6.3% as the
inflation rate rose to a 10-year high of
5.5% in June. The Hang Seng China
Enterprises Index fell by 5% on concerns
over higher oil prices.
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