Friday, September 24, 2010
This is an extract of what I read in today's newspaper. More and more people start to carry this type of alternative concepts about retirement especially in this 21st century. You can't say its wrong. As a matter of fact, its a rather SMART way to go. But lie within is a huge hidden risk.
Tuesday, September 14, 2010
21st century personal finance is moving away from saving and focus into the income arena. In short, the gurus are now educating public that saving is NOT good enough, hence sourcing for passive incomes on the another hand is a BETTER solution, than just saving alone.
While the concept is definitely true and correct but unfortunately as the hypes go bigger and bigger, the idea of passive income has been abused and more scams started to appear in the market,
Sunday, September 12, 2010
The Economy-Political Quadrant may seems like telling where to keep or invest your money despite good or bad time.
It indeed works very well during 20th century. Unfortunately comes to 21st century, not only has the year changed, personal finance arena has changed drastically as well.
Gold has been speculated so much that it MAY no longer be the standard of money.
There used to be only 'property' in the city. Now there are satellite towns, suburbs ... agriculture lands and even dust bins ( recycle ) have become valuable estates too. While property remains the right category to invest into whenever economy is booming, but predict the right future seems like tougher than buying lottery.
Government bonds used to be de-Facto action when a country is stable. But in today's world, a country is as smart as a taicon's finance. One day they are the LARGEST, the next day they are GONE.
Stock market used to be the back bone of a country's economy. However, the market of derivatives has become so HUGE that the REAL and PHYSICAL is NO LONGER more real than VIRTUAL
So in 21st century, the element of Stock-Property-Funds-Gold is really questionable. However, one fundamental that doesn't change is that
you will have to identify what to do at what time that is BEST for YOU !
Hope you will find your own very best Economy-Political Quadrant soon !
Sunday, September 5, 2010
G7 are the 7 countries who have been dominating world finance since 20th century. Most of them are from Europe and North America, plus Japan.
However, most would have known by now that some of them are no longer as great as they used to be in this 21st century.
So E7 comes about where generally people think a new economical forces will emerge out taking over G7, they are (China, India, Brazil, Russia, Mexico, Indonesia and Turkey).
According to chart below, E7 will take over G7 in 2020.
There are also stories that says this will happen in 2050. Either way, generally people expect E7 to take over G7 in due time.
However, the fact is that will NEVER happen.
What will happen instead is that 1-2 G7 members may drop out from the list because they fail to make a come back despite how hard they try. Like wise 2-3 E7 members never make it to the bar, hence E7 will NEVER be formed.
At the end, there may be a G11 formed, which has nothing to do with G7, G8 and G10.
G11 is seamlessly integrated among themselves with latest technology. Forex and logistic are no longer issues a small business owner need to worry about among these G11 member countries.
Labels: case study