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31 May 2019

What is the Lending Rate from various banks now? (Updated May 2019)

As most of us already knew, Bank Negara Malaysia (BNM) decided to reduce the Overnight Policy Rate (OPR) to 3% at its last meeting on 7 May 2019. This was the first time of OPR cut since July 2016.
Malaysia Interest Rate
Historical Movement of Malaysia's benchmark interest rate (Overnight Policy Rate)

Consequently, the ceiling and floor rates of the corridor for the OPR are correspondingly reduced to 3.25% and 2.75% respectively. This in turns will affect all the borrowing rates in Malaysia.

What's the lending rates from various financial institutions following the cut?

Here you go...

11 May 2019

Gold as an Investment. Yes or No?

Since young, our parents or grandparents kept telling us that if we have money, save it in gold. Does this still hold true nowadays given the plenty of investment choices that we are having now❓

In modern days, investors buy gold mainly as a hedging tool against political uncertainties and inflation. On top of that, many investment advisers recommend a portfolio allocation in commodities (usually of only up to 10%), which includes gold, for portfolio diversification purpose to lower down the portfolio risk.