How to be debt free??

Everyone has debt. The debt can be divided into 2: good and bad.
Good debt is like make a loan and use the money from loan to make investment that give more return than the interest itself. The bad debt is like car loan. Why bad?? Because you have to pay the interest and your car value will be depreaciating the value every year. At the end, you lose more money. The other example of bad debt is credit card debt because it's has the highest interest. Minimun is 13% per year.

For me:

Bad debt : Car loan, credit card, personal cash loan(not using as should be)

Good debt : House loan.

Welcome the dragon year

Today, i still continue working after 3 straight days workng during CNY public holidays. Very lucky, the work not too busy since most of people in holiday mood. Unfortunately, i catched flu yesterday and feeling the nose block today. However, the work still going on. How about my trade.. Still not trading anything yet ..capital still lacking. I have to tick to my plan first before i' m ready to trade again. I'm still monitoring the market and learning all the mistake that i have done during my previous trading. Okkay .. Better read some nteresting news today and the best stock to trade....cont

Financial independance

So many years i'm trying to be financially independence but failed badly. As a human, we always forget what mistake we have done before and seldom want to learn from that mistake. because of our neglience, we have to suffer in order to put back our plan to be financially independant.

When to start trading??

Trading is like businesss. We have to do some planning before commiting to trade. Business needs lot of commmiments and capital. Nothing is easy in yhis world. Below is the requirements before trading

 1. Capital ( money) - how much money do you have? The amount of trade you can do is depend on how much that you have plus extra loan from broker house. But only cash money only can use to keep the share. The 'share on loan'must be sold when T+3 over. for the small investor, RM 10000 is the lowest amount should we have but any amount you can trade .You must remember fot the cost involved for buying and selling like stamp duty, broker fee and one more ?..

2. Broker house - different broker using different traing plateform. So far i like Hong Leong and RHB. The other thing is the cost price for every transactions. Some offer 8.88 for their, some RM12 min. So better check in their website for pro and cons. I'm using Hlb broking, so far no problem.

3. Knowledge - how much knowledge about trading do you have? Learning basic skills first like support and resistance. After you learn that skill, then you can learn another skills. So many free website teach you how to use the technical analysis. You also can attend the free talk about the trading which normally conduvted by broker house

4. Make record - for every buying and trading, you must have one recording sheet. It's for you record and to check for any mistake in your decision..

 Comment on shares The theme for KLCi is rubber stock and pennny stock.....