Author Archives: Jeanna Smialek

So, you have a sum of money lying around in your savings fund. Assuming you keep your money in a bank, did you know that most savings account in Malaysia offer only 1 – 1.8% interest rate every year? That doesn’t sound like very much, because it is NOT much at all.  The best way for you to boost – and perhaps even multiply – your savings is through investments. Read our guide on the 3 most trusted investment types in Malaysia for you to grow your savings safely! So, let’s begin. Here are the three most common (and safest) form of investments that every investment-newbie can find in Malaysia: Unit trust Fixed Deposit (FD) Investment-linked Insurance Plan (ILP) The main thing that you should remember about these 3 investments is that they are significantly less risky as opposed to investing in a stock market. Of course, this depends on what…

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Whether it’s behaving like a bull or a bear, the gold market offers high liquidity and excellent opportunities to profit in nearly all environments due to its unique position within the world’s economic and political systems. While many folks choose to own the metal outright, speculating through the futures, equity and options markets offer incredible leverage with measured risk. Market participants often fail to take full advantage of gold price fluctuations because they haven’t learned the unique characteristics of world gold markets or the hidden pitfalls that can rob profits. In addition, not all investment vehicles are created equally: Some gold instruments are more likely to produce consistent bottom-line results than others. Trading the yellow metal isn’t hard to learn, but the activity requires skill sets unique to this commodity. Novices should tread lightly, but seasoned investors will benefit by incorporating these four strategic steps into their daily trading routines. Meanwhile, experimenting until the intricacies of these complex markets become second-hand.…

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How to go from idea to paying customers in one to eight weeks. Last year, 310 out of 100,000 people on average created new businesses each month in the U.S., according to the 2017 Kauffman Index of Startup Activity. Most entrepreneurs start businesses out of opportunity rather than necessity. We asked investor, philanthropist, and member of The Oracles, Tai Lopez, for his take on how to capitalize on an opportunity and launch a business. If you’re unfamiliar with Lopez, he advises many multimillion-dollar businesses and is a social media marketing expert. In the last year, his Facebook following has grown from 600,000 to over six million. “Thanks to modern technology, it’s possible to go from idea to paying customers within a short amount of time,” Lopez explains. “But most never get started because it’s overwhelming.” Here’s how to get started: 1. Pick an idea that works for you. “Most people think they know what…

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It’s not uncommon to hear about entrepreneurs who used the wealth they made from a previous endeavor to build a thriving new startup, or about seasoned business owners who took over a decades-old franchise and transformed it into something new. These stories are inspiring in their own way; but to me, it’s even more inspiring to hear about people who started with nothing. These are entrepreneurs who started their journey with no capital, no funding and sometimes no education or experience, yet despite the odds were still able to build massive successes. How did these people accomplish such unlikely feats, and what can we, as entrepreneurs, learn from them? 1. John Paul DeJoria John Paul DeJoria isn’t as much of a household name as Steve Jobs or Elon Musk, but he has accomplished feats of entrepreneurship and business management that rival theirs. Starting out as a newspaper courier, and working as a…

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Of course, money isn’t everything. But, for start-up company founders, it’s top priority. You can tell vendors, investors and loan officers that you want to make a difference in the world, but they will be more interested in financial metrics, especially your profit margin. If your business is new, there are several factors to consider before developing a sense for how much your ideal profit margin should be. Net Margin vs. Gross Margin There are two types of profit margins. Small business owners use the gross profit margin to measure the profitability of a single product. If you sell a product for $50 and it costs you $35 to make, your gross profit margin is 30% ($15 divided by $50). Gross profit margin is a good figure to know, but probably one to ignore when evaluating your business as a whole. Net profit margin is your metric of choice for the profitability of the firm, because it looks at total sales, subtracts business…

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In mid-November, Kylie Jenner marked a milestone moment with a visit to a strip mall. For the past three years, her Kylie Cosmetics had only sold its makeup online and briefly in pop up shops. But after signing an exclusive distribution deal with Ulta, the beauty retailer, Kylie Cosmetics was rolling its $29 lip kits—a matte liquid lipstick and matching lip liner—into Ulta’s 1,000-plus stores. And Jenner showed up to the Richmond Avenue Ulta in Houston to greet customers, sign autographs on lip kits and, of course, pose for selfies with her fans.   Over the next six weeks, Kylie Cosmetics sold $54.5 million worth of products in Ulta, according to estimates from Oppenheimer. “I popped up at a few stores, I did my usual social media—I did what I usually do, and it just worked,” she says. Fueled in part by the Ulta expansion, Kylie Cosmetics’ revenue climbed 9% last year to an estimated $360…

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Want half a share of Apple, or bitcoin alongside protective puts? The investing, trading and wealth management firms on Forbes’ Fintech 50 2019 offer more than just the services once exclusive to big banks and traditional financial firms. They’re tapping into markets by merging new tricks with the old. Take, for example, the maturing roboadvisor market as it embraces the human side of advising. Pioneer Betterment added human advisors to its mix in 2017 and last year introduced the ability for investors to tailor their automated portfolio allocations. Further evidence of the hybrid-advisor appeal: Digital wealth management platform Personal Capital returns to the Fintech 50 list after announcing an Atlanta office in September to bulk up its team of more than 200 financial advisors, and its free online financial dashboard now claims almost 2 million users. Meanwhile, the new generation of online brokers, which has largely forgone commission-based trading, gained millions of users in 2018. List-staple Robinhood doubled its customer base in the past…

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If you are thinking about starting your own organization, then you might have considered the possibility of establishing it as an offshore company. An offshore company offers benefits that regular companies cannot match. Before you decide what kind of organization to establish, you should learn a bit about how starting an offshore company might benefit you. What is an Offshore Company?First things first. What is an offshore company? At its most basic, an offshore company is simply an organization that has been incorporated outside of its home country. For instance, if your company operates in the United States, then you could establish an offshore company in countries such as New Zealand, Switzerland, Panama, and similar countries that are hospitable to foreign organizations. The offshore company cannot, however, do business within the host country. The way that an offshore company functions greatly depends on where you incorporate. An offshore company in Panama,…

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These days, learning about personal finance and investment is as easy as searching online. However, this is a double-edged sword because while information has become more accessible, not everything you’ll read on the Internet will be true or helpful. I’ve seen websites with misleading data, people telling false stories, and the worst of them all — investment scams being shamelessly promoted online. So how do you sort out the good from the bad? I believe it is by remembering these eight important facts about investing, and allowing them to guide you in every investing decision that you make. 1. Protection comes before investing. All investments carry a level of risk. Most people try to avoid the risk by going for products with guaranteed returns, which more often are scams. Or they put their money in low-risk investments, and just accept the low returns. The best way to manage investment risks…

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An attendee at a job fair in Miami last month. An improving labor market has lifted wages and left more Americans with jobs, but many remain on the edge financially.

Four in 10 American adults wouldn’t be able to cover an unexpected $400 expense with cash, savings or a credit-card charge that could be quickly paid off, a new Federal Reserve survey finds. About 27 percent of people surveyed would need to borrow or sell something to pay for such a bill, and 12 percent would not be able to cover it at all, according to the Fed’s 2018 report on the economic well-being of households, which was released Thursday. The share that could cover such an expense more easily has been climbing steadily and now stands at 61 percent, up from just half when the Fed started this annual survey in 2013. Still, the finding underlines the fact that many Americans remain on the edge financially even as this economic expansion is approaching record length and people have become more optimistic. Household finances over all have shown a marked improvement…

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