My friend and I was chatting about making our money grow instead of keeping it in the bank where we are paid very low interest rates even if we lock the money in a Fixed Deposit account for a year or more. Well, granted, Foreign Fixed Deposits pay higher interest rates but still, compared to other forms of investment, FDs fall way below the scale.
Sure, investments come with a lot of risk but I had a chat with a futures broker recently, who was introduced to me by another friend, and he told me that investment takes time, knowledge, experience, patience and there is no room for emotions. Hah... I have to agree with him on that point!
So, I don't know. Right now, I am not ready to bring out my money to open sea because I haven't saved enough yet. I always think that we should only invest what we can afford to lose and right now, I can't afford to lose anything at all!
Sure, investments come with a lot of risk but I had a chat with a futures broker recently, who was introduced to me by another friend, and he told me that investment takes time, knowledge, experience, patience and there is no room for emotions. Hah... I have to agree with him on that point!
So, I don't know. Right now, I am not ready to bring out my money to open sea because I haven't saved enough yet. I always think that we should only invest what we can afford to lose and right now, I can't afford to lose anything at all!
0 comments:
Post a Comment