It is common oversight in people not to take provision for the bad times while they are experiencing good times
~Machiaveli~
Most people have heard about online banking but probably haven't tried it their own. They still pay bills by mail and deposit checks at bank branch, much the way the parent did.
People are still more comfortable dealing with bankers or agent which they say "more human touch".
Internet banking uses today's computer technology to provide the option to manage our finances more quickly and efficiently.
Why we must learn to utilise internet banking:
Convenience:
It operates 7 days a week, 24 hours a day. Paying bills, money transfer, online share transaction etc. More and more service provided by the bankers which ease us managing our finance portfolio.
Fast:
It only takes around 5-10mins for a single transaction comparing to 30mins-1hrs drive to nearest bank, queing up for a simple transaction.
Access worlwide:
With a computer and internet access, you will be able to access to your bank account wherever you are.
Save $:
Most importantly, It save $$$, petrol cost, parking fee and especially your time (time = $$$)
Financial Quotes of the Day
by mw2rp | Wednesday, December 02, 2009 in Quotes of the Day | comments (0)
Here is a simple but profound truth. You cannot get out of debt by borrowing more money.
~Jerrold Mundis~
Financial Quotes of the Day
by mw2rp | Tuesday, December 01, 2009 in Quotes of the Day | comments (0)
Never spend your money before you have it
~Thomas Jefferson~
Monthly Review - November 2009 (+0.39%)
by mw2rp | Tuesday, December 01, 2009 in Monthly Review | comments (0)
Floating Cash: 3,399
Fixed Deposit: 4,010
Shares: 10,950
Mutual Funds: 3,598
Total: 21,957
Past record:
October: 21,872
September: 20,575
This is an ongoing monthly review to keep track on my portfolio performing.Its still long term progress, any feedback is appreciated and may be incorporated into future monthly reports. The portfolio not covered:1) EPF.2) non-liquidity asset such as house, car etc.
October Highlights:
Stock performanceKLCI: 1259.11 (1.28%)
Share Portfolio: 8950 (-2.4%)+2000(liondiv-5lots)[-20%]
- the model share portfolio fell terribly in november. Losing >2% in in comparison to FMB KLCI's gain of 1.28%. Liondiv also face 20% drops in 1/2months time. Due to it was purchased in mid Nov, it was show seperately as above to ease my monitoring.
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