Investment, Savings, Retirement — Best Buy And Idea

Simple Steps to Prevent Credit Card Fraud

Posted on the July 1st, 2009 under Investment, Savings, Retirement by (Beaulife) Altis Lo

Cut Credit Cards

Many people are wary about using their credit cards, especially online, because of the possibility of becoming a victim of fraud. While fraud does happen, and costs hundreds of millions every year, there are some simple steps you can take to protect yourself and make it unlikely that you’ll become a victim.

* Online use

The most important rule to follow is to only use your card online at trusted, secure sites. You can recognize a secure site by looking for a yellow padlock symbol appearing in your browser, and also by the address starting with ‘https’ rather than ‘http’. Sites secured like this encrypt all the information sent back and forth to your browser, meaning that it’s very dificult indeed for someone to spy out your credit card details.

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When Not To Use A Credit Card

Posted on the June 30th, 2009 under Investment, Savings, Retirement by (Beaulife) Altis Lo

Say No To Credit Card

Credit cards are a great convenience in our everyday lives, allowing us to easily buy products online and by telephone, and freeing us from having to carry large amounts of cash when making purchases in the bricks and mortar world. However, there’s a potential dark side to plastic, with some unfortunate account holders getting out of their depth and building up debts that become a problem and cause of worry.

This is obviously a situation that’s best avoided, and knowing when it’s a bad idea to use your card can help you avoid getting into difficulty.

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Controlling Your Credit Card Debt

Posted on the June 26th, 2009 under Investment, Savings, Retirement by (Beaulife) Altis Lo

Credit Card & Debit Card

Few people would deny that using credit cards can make day to day life more simple, reducing the need to carry cash and making it easy to shop online and by telephone.

However, spending with plastic can sometimes be a little too easy, as it doesn’t always feel like you’re actually parting with any cash. This means the temptation is to spend without thinking about the consequences too carefully, until you hear the ominous thud of a huge credit card bill hitting the doormat.

If you’ve been caught out like this, the size of your card debt may seem overwhelming, but don’t panic – there are a few simple steps you can take to start getting your debt back under control.

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Malaysia’s Real Rate of Savings/Return

Posted on the March 16th, 2009 under Investment, Savings, Retirement by (Beaulife) Altis Lo

(BestBuyIdea.com) Malaysia's FD versus Inflation Rate

Chart is really useful, in terms of comparison and presentation of numbers. From the chart of Malaysia’s fixed deposit rates (for 1-month and 12-month) versus inflation rate (or CPI, i.e. consumer price index), there are some critical findings to be shared below:

(1).

2008 was the historical worst year in the past 30 years, that we actually lost all our savings, as the inflation rate is higher than our fixed deposits. The loss is 1.7% when the 12-month FD rate was 3.7% and the inflation rate was 5.4%.

(2).

In year 1998, the FD rates of 1-month & 12-month and inflation rate were quite close, we still had a return of 0.4% when we compared 12-month FD rate with inflation rate.

(3).

We still had good return in year 1988, when the 12-month FD rate was 4.3% and the inflation rate was only 2.5%.

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