Friday, January 30, 2015

Financial: Is 2015 a good year to invest?

Many says that 2015 is not a good year to buy even anything - properties, ICTs, other goods and services with the implementation of GST's and the economic conditions especially in Malaysia.

“Be fearful when others are greedy, and be greedy when others are fearful!” - Warren Buffet

Predictions...yes, the market conditions might not be as good as before. But in some cases, people make money and more money when the economic conditions is predicted to be gloomy along the year. So, in order to invest, one has to do few things:

  1. Conduct market research;
  2. Certain investment, it is good to buy when market price falls;
  3. Read a lot - newspapers, journal, and other reading material;
  4. Know the trend, but you don't have to follow it. Monitor it closely;
  5. Don't rush.
Any investment has to be a long term investment. If you have a strong purchasing power, you can have more advantage than those who are desperately need cash. They might sell their properties at lower market price and start searching for buyers. Save your money and when opportunities knock, grab it and take it!

If you love to travel, invest and spend locally. Travel within the states. There are many beautiful places in Malaysia that has not been explored. Travel to much more cheaper currency rate countries. But don't stop travelling :)

& Lastly, Happy investing :)
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