Ringgit and Sense

There are specific reasons why you should or shouldn't invest in gold but one reason to do it is the possibility raising emergency cash from it. This is also the basis of the syrariah-based pawnbroking business.

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Rajen Devadason is the CEO of corporate consultancy RD Wealth Creation, and is also a Securities Commission-licensed financial planner with Manulife Asset Management Services.

He answers some of your personal finance questions on Ringgit Ring-In:

Should I get a credit card?
Is cash the best hedge for inflation?
How to make Gen-Ys care about saving for retirement?
What to do if you have no savings after working for a year?
If you had RM500,000, what is the best way to invest?

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We try to get a verdict on which home broadband package gives the best value for money.

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We give the controversial developers' housing loan scheme a financial planning treatment where we found voices of both dissent and support.

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Borrowing to invest isn't always financial planning heresy.

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We look into how much money reward and loyalty programmes save you as well as satisfy a curiosity of how they work. Hint: it's a win-win.

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Some of the more interesting questions that came through on Ringgit Ring-In:

What does a 30 year old do with RM200k?

Is it worth it to pay 7.5% on personal loans?

Will the stock market make me rich?

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We talk to Gen-Y blogger AaronTang or Mr Stingy again, this time about his thinking of why he bought a used rather than a new car. We also explore technological factors that give us smooth transportation without a prestige loss.

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Rajen Devadason opens a path for super conservative investors who are crippled by fears of volatility in the current market environment to build their wealth.

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The debate right now is whether peddlers of financial products should be paid a commission for a sale or fees for giving advice. The advocates of the fee model say that it removes conflicts from advice which in the long term is better for your financial goals.

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