Not very much I have in my saving account, mostly, could buy some of the shares.
I have saved nothing in this semester, since I expected there will be no saving in first or two semester as I could spend a lot in eating, buying stuff, and some unexpected expenditure like repairing.
In my other account, the money has not been moved since last semester. There was a Citi Bank officer told that Malaysia has 220 basis points in its monetary policy, means that our purchasing power will be decreased every year 220 basis points, example: if you have RM100, after ended of the year, your money will only worth RM 97.80.
This is what we called inflation. We could not avoid it unless we can create extra cash flow other than salary, like investment or set up own business. Inflation will kill our life if we do nothing on it.
Avoiding decreasing purchasing power, I intend to open an CDS account which is for share investment.
I have not built my investment portfolio yet, but soon to make it. Few of the companies are being observed and categories.
A first ever step of Reaching to financial freedom!
