Archive for the ‘Wealth Intelligence’ Category

Increasing Your Money & Wealth Intelligence

(Picture Source: howstuffworks.com)

In today’s world, most people use a computer. In fact, it’s hard to imagine living life without one these days. They are a wonderful tool when they have been given the right information. When you store data inside the hard drive, you have it forever until the day you decide to delete it. You can store almost anything, documents for school, phone numbers and email addresses of clients, etc. All information can be retrieved at your fingertips. Yet, the computer can be your best friend or your worst enemy. Why? It really depends on what you have done with it. Some computers are stored with useless information that can also be a disaster. Once you call it up, you will be haunted by it for months to come.

Gates and Buffett due in China to Meet the Wealthy

(Article Source: AsiaOne Business)

BEIJING, Aug 24, 2010 (AFP) – Bill Gates and Warren Buffett – who persuaded 40 US billionaires to donate a fortune to charity – will meet a select group of wealthy individuals in China next month, a spokesperson said Tuesday.

Microsoft mogul Gates and investment guru Buffett launched a project in June called “The Giving Pledge” aimed at convincing billionaires across the United States to give up most of their money – 50 percent or more – to a good cause.

Time versus Money

What if I told you that someone anonymously deposits 86,400 cents in your bank account every single day? This amounts to RM864 of free cash every single day without working. It is your to spend however you wish but with a condition. You have to use it or you will lose it. Any amount still in the account at midnight each night will miraculously vanish into thin air. Here is my question: how would you spend that money?

(Picture Source: www.cartoonstock.com)

Big investors Go For Gold and Bonds

Just read an article on MSNBC this morning stating that big investors such as Billionaire investor George Soros and the hedge fund manager who made famous for his successful bet that the subprime mortgage market, John Paulson are moving away from stocks. So, where are the billionaire investors and top hedge fund managers moving their money now? Interestingly, they are moving their money to Gold. Probably, it is time for you to start considering moving your portfolio to Alternative Investments like Precious Metals too, isn’t it?

6 Important Points To Take Away from This Article:

Good Debts versus Bad Debts

I’ve been taking loans this year. While most relatives are advising me not to do so..

Accumulating Good Debts

I prefer to do things my way.. Why? Because most of these people who advices me prefers keeping their money in the bank, without realising that if they earn 1% on their deposits, they will only become poorer and poorer as their money is being eaten up by the Money Predator called “Inflation”.

How is the Federal Reserve’s New Stimulus Plan Going to Affect You?

Article Source: TheStockEnthusiast.com

On Tuesday, August 11th, the Federal Reserve made a surprise move with the announcement that they are going to reinvest their principal payments on mortgage holdings into long term Treasury securities. Many people are confused about what exactly that means and it’s important that you understand.

Alternative Investments

I’ve just added another category to my blog and it is called Alternative Investments.

Well, I was exposed to alternative investments during the recent financial crisis. While most of the investors out there had their investment portfolios highly affected by the global crisis, I realized that investors who invest into alternative investments were still raking huge profits from their investment portfolios as they were investing into precious metals like gold and silver, fine wine from France, valuable arts and antiques and also real estate development participation. These guys who found alternative ways to create wealth were raking between 10% – 20% profits per year. Not bad for times when most were losing at least 20% in their investment portfolio.

What Have I Learnt From SALT

SALT is definitely a solid action packed movie in which Angelina Jolie plays Evelyn Salt, a convert CIA operative who works for a petroleum company in Washington DC. One day, on the way out of the office, she was called back to question a walk-in: a Soviet defector who claims to have information about a mole at the CIA. The problem is this.. The double-agent he names is Evelyn Salt.

Why Do Lottery Winners Go Bankrupt?

I just read this news this morning on The Star.

Monday August 9, 2010

Man torches self after ‘burning’ lottery win

Compiled by MAZWIN NIK ANIS, NG SI HOOI, and A. RAMAN

A VEGETABLE farmer who lived a life of luxury after winning almost RM1mil in a lottery five years ago torched himself when his “pot of gold” became empty.

The 63-year-old from Serian, Sarawak, known only as Khoo, was reported to have dug a “grave” at the back of his house before splashing petrol on his body and lighting it, reported Berita Minggu.

REIT vs Direct Real Estate Investment

Courtesy of The Star

INVESTING in real estate can be tricky.

For a start, those who intend to make a quick buck by “flipping” property within a few months will find that it is risky, especially in a property market less buoyant than in Hong Kong or Singapore.

(Photo Courtesy of LongIslandBankruptcyBlog.com)

The alternative is hard work, that is, managing residential properties (and absorbing all the hidden costs that come along with it) as long term investments, receiving rent and selling them off for a capital gain or profit.

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