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Are You Looking for Financial Advisor? [ May 7th, 2012 ] | 279 views | Leave a Comment

Looking for a good financial advisor can be very difficult. If you are interested to find a financial advisor to help you in financial planning, it’s advisable to look for a well-known financial services firm.

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With the increasing customer demand, there are a lot of firms offering financial advisor jobs to those who are professional and entrepreneur these days. Apparently, they are not only offers a professional career path, but also provide an entrepreneurial opportunity.

If you have good financial planning then it will allow you to earn well above the average. Needless to say, financial advisor service is one of the fastest growing services sectors which offering the most attractive compensation if compared to other jobs. The reason is it can provides a wide array of opportunities, including wealth management, risk management, investment planning, retirement planning, and many other finance related services.

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Leave a Comment | Posted in » Other

Why Malaysia Bank Fixed Deposit Higher Than Other Country?

The ringgit is likely to depreciate against the US dollar this week. As of Friday, the ringgit was trading at MYR3.50/US$1 if compared to last 2 week was MYR3.46/US$1. This same happened to MYR/SG$.

Photobucket

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Calculate Fixed Deposit Rate Should Be Based On Currency Rate

As a comparison, if you deposit RM1, 000 into Malaysia Fixed Deposit Account, you might be able to get return of 2.5% per annum (current FD rate) while Singapore banks offers around 1.5% per annum for Singapore dollars, it might sound like a very good deal to convert all your Singapore dollars to Malaysia Ringgit, then deposit into Malaysia Fixed Deposit Account, right?

You should do some careful calculation and consider about the factor in currency depreciation. As everybody known, Singapore dollar has traditionally appreciated against the Malaysian Ringgit. From Jan 2008 to May 2009, SG$1 has risen from RM2.30 to RM2.40, a 4.34% increased.

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Lets Take My Example:

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May 24th, 2009 | Posted in » Bank & Investment, Finance Tips | 6 Comments | 7,620 views