Ringgit and Sense

In conjunction with BFM's 6th anniversary, we look into 6 major trends or events over the last 6 years that had a significant impact on personal finance. Some would even say these events were life-changing.

Clips were sourced from: Al Jazeera, CNN, CNBC, Lost in America, EducateKnowledge and Mark Ledzian.

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We discuss your personal finance issues with the help of a professional financial planner.

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Financial crises are times of strife and uncertainty. However, it is possible to use these situations to enhance long term financial returns.

News:

Commissions for agents could be revised

Singapore revises pension plan on retirement concerns

Berkshire shares crosses the $200,000 mark

Poor Allen Iverson only has $30m left from a $150m wealth

Tip:

Buy when you have the money, sell when you need it

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The online revolution has arrived at the doorstep insurance distribution which is a good thing since it will reduce the cost of buying policies substantially. There is also strong policy support from Bank Negara to make this successful. 

News:

What's next for Robin William's estate?

Is A Hard Life Inherited - NYT

SEC probes alt-funds

Tip:

The web helps those who help themselves

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Bank Negara recently raised interest rates by 25 basis points to 3.25%. Liew Ooi Hann talks to us about how your loans will be affected. It's not all bad news though as savers will enjoy higher interest rates.

News:

P2P lending democratises money

Housing prices are key to inequality: Piketty

Off-grid living gives power back to people

New York holds $13b in unredeemed funds

Tip:

Saving on costs can be better than getting investment returns

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Investing is not just investing. Like everything else, there are various facets to investing. However, investing is of particular importance since this process will have an impact on one's future well-being.

News:
Singapore cheapens insurance products
Personal finance as a life skill
Cheap international travel becomes reality

Tip: Don't Peek

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Insurance products are so important but cause so much confusion. How much should you be covered for? Should you load up on life coverage over critical illness? What riders to consider? How should you assess investment-linked products? We provide some life hacks to buying insurance policies.

News:

- The Chinese are coming. And they want to buy your house

- Parent-child personal finance talk is hard: study.

- RM2000 a year savings by avoiding food fads

- US money-market fund shake up

Tip: Take a quick run and save on insurance cost

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The phenomenal returns of property markets in Malaysia and around the world have attracted more people, both speculators and genuine buyers, into property investments. There are a few things you should bear in mind when you think of property investments and they may not have anything to do with your view of where the property market is going.

News:

KL Luxury condo supply "frightening"

EPF starts members' Retirement Advisory Service

International school fees going through the roof

Asians return to Perps

Tip: 
Stop Fantasising about owning that Dream Holiday Home

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We look at gambling from the mathematical and social perspectives. The conclusion that gets thrown up is: gambling hurts.

News:
New Zealander correctly bets on Brazil thrashing
Mick Jagger, the World Cup Angel of Doom

Tip: Know the difference between gambling and investing.

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We discuss the pros and cons of yet another investment scheme from distant shores: Canadian oil investment.

News:
Poor millions without internet face higher household costs

For smokers, can e-cigarettes save money?
Suze Orman's prepaid debit card makes exit

Tip: Don't trust financial gurus

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