Bank Negara has cut interest rates again. It pains me to see my FD interest going down. My friend calculated that to receive RM300 per month in interest, we would need to place RM120,000 in the bank, compared to only RM100,000 last year. However, with this fresh cut, I believe we now have to place at least RM140,000 conservatively.
That's why my friend told me that while interest rate cut is good for those who have loans but not people who kept cash in the bank as an almost no risk investment, it is no longer viable to park cash like that.
My friend told me about his plans to invest in options and asked if I would like to join him. Hmm I don't know, I'm a coward when it comes to money. He told me that he uses free option screener tool provided by PowerOptions to evaluate options traded in the United States.
Have you traded in options before?
That's why my friend told me that while interest rate cut is good for those who have loans but not people who kept cash in the bank as an almost no risk investment, it is no longer viable to park cash like that.
My friend told me about his plans to invest in options and asked if I would like to join him. Hmm I don't know, I'm a coward when it comes to money. He told me that he uses free option screener tool provided by PowerOptions to evaluate options traded in the United States.
Have you traded in options before?
0 comments:
Post a Comment