Before I forget, I would like to wish all my blog readers Merry Christmas and a happy new year. 2010 has almost reached the end. How do you feel in 2010 and what do you look forward in 2011?
Although it is going to be a new year for us in one week’s time, the old challenges are still there.Hike price is still our main concern. Early this month, our government has announced the so called 4 in 1 price hike (Ron 95, diesel, LPG, sugar). On 20th this month, it is announced that the evaporated milk will cost 30 cents more than from Jan 1. When the evaporated milk has increased, those foods and drinks which use evaporated milk will surely increase right? The cost will be bear by the consumers.
I always read about the price of this thing increases, the price for that thing increase in newspapers. However, I never read in anywhere that our salaries are going to increase or the company is going to give us bonus despite the market and the company is performing badly. If the cost of living is increasing parallel with the increase of the income or bonus, nothing much we should complain. But then, reality is cruel. Our salary does not go proportional with the cost of living. That is why nowadays many employees have to do part time and to do investment.
I am writing this not to scare you off but am to increase your awareness of the challenges that you are going to face in the future. Does not have any saving for yourself is not a wise choice for you. Keeping the money in the bank is good but the interest is low. Stock market is a good place to invest but we have to have the expertise to trade. Why not invest in mutual fund which the professional fund managers invest the money for you and the rate of return will be higher than keeping in the bank (if you follow certain rules of investment)? Start investing before it is too late.
Reference:
1. http://thestar.com.my/news/story.asp?sec=nation&file=/2010/12/3/nation/20101203200309
2. http://thestar.com.my/news/story.asp?file=/2010/12/20/nation/7655076&sec=nation
