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Showing posts from January, 2016

Transitioning into an 'investor'

Nobody said it was going to be easy. I admit that I feel like giving up sometimes. Well, it's only human to choose the easiest path out. For the second half of 2015, I have been actively seeking higher returns on my savings in bank accounts, been busy reading about the current economy, markets and checking the Straits Times Index (STI). After these few months, I'd would to think that I have improved slightly in developing the mindset, slowly but surely transitioning into becoming an 'investor'.  Hunting for free money  In the later half of 2015, I have opened up an additional bank account: CIMB FastSaver which offers 1% p.a with no strings attached. I have not started work and I have not paid for my own bills to earn higher interest in local banks(e.g the OCBC 360 account)  When I shared with my parents and friends, they were skeptical. A Malaysian bank? Perhaps it doesn't inspire much confidence when they see