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Monday, 19 November 2007

Time = Money

Ain't that true?

Sometimes I feel that watching tv and being online is wasting my time. My time can be better spend crafting, meeting up my prospective clients on Unit Trust investments or reading up more on the happenings of the world to be abreast with world issues.

Time does equal money and that's the truth. As with all investments, the longer your money is kept in a particular fund (share/FD, etc), and if they snowball (interest added into principal), you'll get a lot more than what you invested at the end of the day. And if the snowballing effect takes place year after year, with distributions thrown in (Unit trust), you can be rest assured of quite a good return.

Time also allows us to see our money grow steadily. Unit trust investment is unlike share market where it is highly volatile. However, you must still be wise and choose a good company with reputable consultants to assist you along the way.

Time = Money. But all investments, no matter how safe they are, comes with a little risk. But that will be another blog topic for another day. Just remember, there is no foolproof way to get returns on your investment.

There is no free lunch in the world. Unless, of course, you mean putting your money in FD, where the interest is lower than our inflation rate :)



viper said...

Agreed. My parking now cost an additional RM5, raised from RM10. That's a 50% increase. There must be something wrong with the official statistic that our inflation rate is only 2%.

AngelicQuirk said...

Goodness..sigh. The cost of living is rising so much faster than our salary.

Oh wait..there's no increase in salary..Darn