This is an article about why I love credit card and the major benefit of credit cards. Most of my friends will feel yucks to own 1 or more credit cards. My first experience with credit card was since from secondary school. The more I understand about it. The more I’m loving it.

After reading this article, you might agree with me why we actually need more than 1 credit cards. Different cards are used for different reasons and might offer different promotions. There is no harm to own more credit cards as long as you know how it works. I will explain further about how balance are offset in the credit card and why we should use more than 1 credit card to extract the most value from our credit card.

Lesson no 1 is understand what is benchmark. Don’t be surprise that most unit trust investors don’t even know the benchmark for the funds that they had bought.

Public Mutual is the no 1 unit trust company in Malaysia in term of fund size and also in term of number of agents. Thus there are many funny and weird agents trained from no where. Some of their concept is plug from thin air or some kind of formula developed since kindergarten. One of the common selling point that the agents always use is that Public Mutual funds has lower initial offering price which is the cheapest in the market of RM0.25 per unit only. Here I have to clarify to everyone, SELLING AT LOWER INITIAL OFFERING PRICE DOESN’T MEAN YOUR FUND IS CHEAPER!

Some investors might be disappointed when they actually redeem their investment value. Most of the time, the expected or past performance doesn't reflect the future return. Don’t blame just the market, at times the pricing policy for the product might be placed at the disadvantage of the investor.

This write up doesn't mean to say that unit trust is not good. Infact I am a strong believer in investing via unit trust. This article is important to create awareness to the investors of how unit trust's performance are presented. Some agent might misrepresent their product by showing the best possible return of the fund which is not able to achieve by the investor.

I am glad that more and more of my friends are getting more financial savvy now. Last week I met a friend whom told me he wants to have a huge amount of money (eg RM500K) and retire for good. Some times we just want a simple life. Imagine if you have RM500K and invest into a very safe investment which gives you 10% return per annum, only from your return from investment you will have about RM4K to spend every month. By that time, working is just a hobby. :)...

ahooWhat is hedge fund? Fund that can be used for hedging? No no no my dear. Basically hedge fund is very close to being a mutual fund (aka unit trust). The main different is that hedge fund is not regulated by the local investment regulatory authorities. In our case is the Securities Comissions (SC)...