Ok not blonde anymore in 2014, don't laugh.
So last night I picked up the three investment magazines Uncle Fred bought for the Oois but ended at my place since no one wants them -.- I glanced through a few pages and immediately realised that I need to find myself a good time to indulge in them because there are too many jargons, new things and new philosophies to run through my puny brain.
You know, it's the kind of stuff you would like to know but don't like to tire yourself reading.
Anyway, I am determined to process every page. So before I start reading financial jargons, I asked Mr J:
Me: If you have an extra RM1,000 today and don't need to save up for anything anymore -- What would you do with it? Would you use it to make more ringgits or keep it safe with you so you can liquidify anytime?
Mr J: If I have an extra RM1,000 today, I will put it in the bank.
Me: No I mean if you have extra extra, like you don't have anything to save for or spend on, say you've bought a place, a car and everything you want -- What will you do with the money?
Mr J: Well, I will need to get married so I still need the RM1,000.
Me: Ok. Put it this way, you already have everything you want, got married, bought a ring and whatever not -- What would you do with the money?
Mr J: I will have kids and they are expensive. I will still have the RM1,000 in my bank so I can take out anytime I want.
Me: Ok. =.= [INHALE:EXHALE] Say, you need a painting in the house, would you spend RM500 to an artwork by a great artist and expect it to grow in value over the years, or would you spend only RM150 for something similar just to decorate the house, with no expectation for it to grow in value.
Mr J: That depends on how many paintings I already have at home. I need to care for the painting and makes sure it is intact before I can see the investments working. It's too much work and too long to see the investment coming to fruition.
Ok. I got my answer.
So last night I picked up the three investment magazines Uncle Fred bought for the Oois but ended at my place since no one wants them -.- I glanced through a few pages and immediately realised that I need to find myself a good time to indulge in them because there are too many jargons, new things and new philosophies to run through my puny brain.
You know, it's the kind of stuff you would like to know but don't like to tire yourself reading.
Anyway, I am determined to process every page. So before I start reading financial jargons, I asked Mr J:
Me: If you have an extra RM1,000 today and don't need to save up for anything anymore -- What would you do with it? Would you use it to make more ringgits or keep it safe with you so you can liquidify anytime?
Mr J: If I have an extra RM1,000 today, I will put it in the bank.
Me: No I mean if you have extra extra, like you don't have anything to save for or spend on, say you've bought a place, a car and everything you want -- What will you do with the money?
Mr J: Well, I will need to get married so I still need the RM1,000.
Me: Ok. Put it this way, you already have everything you want, got married, bought a ring and whatever not -- What would you do with the money?
Mr J: I will have kids and they are expensive. I will still have the RM1,000 in my bank so I can take out anytime I want.
Me: Ok. =.= [INHALE:EXHALE] Say, you need a painting in the house, would you spend RM500 to an artwork by a great artist and expect it to grow in value over the years, or would you spend only RM150 for something similar just to decorate the house, with no expectation for it to grow in value.
Mr J: That depends on how many paintings I already have at home. I need to care for the painting and makes sure it is intact before I can see the investments working. It's too much work and too long to see the investment coming to fruition.
Ok. I got my answer.
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