Chun Jui's Blog
I have moved my web journal from my website onto this Yahoo 360 blogger!
Growing up is hard to do

Over the past  months, I have noticed that some of my conversations with my close friends no longer only revolve around the usual "girl talk" (e.g. shopping, boys).  The conversations have started to also include financial talk--- a topic I thought would NEVER come up in any chats I would have with friends!! But the truth is, ever since I've started working and have embarked on my career, dealing with finances has become inevitable. 


As boring as "financial talk" is, it's very important.  I am someone who likes to plan ahead, so I need to know if my future is going to be secured financially.  In addition, now that I've begun to work full-time, I completely understand the phrase "hard-earned money"!.  I don't want to fritter away the little amount of money that I earn, I want it to be saved up AND accumulate.  I want my money to work for ME!    Does anybody have any good investing/saving tips?


Now I know why my brother used to (still does?) read all those financial books like "The Rich Barber" or whatever when he first started working full-time.  I still remember laughing at him and wondering why on earth he would want to read such boring books!  Maybe I should consult him for financial advice then...


2007-02-04 19:32:14 GMT
Comments (1 total)
Author:Anonymous
CONGRATS to graduating and moving on to financial worries...ha ha ha, just kidding. It is fun, playing with money. Umm...GIC and BONDS are very safe. Money market too is very safe and very fluid, meaning cashed easily unlike some GIC or BONDS or CDs, certificate of deposits. In my university days I dabbled in stocks but mostly lost money...I have found mutual funds to be much more successful. TD is a great bank to bank with...at least the Canada Trust part is really excellent and online banking can be done in a ZIP!!!

Nowadays I am into Asian mutual funds, Latin American emerging market, and some TD special mutual fund the money manager recommended. Stable steady income.

High risk and high return ...I am moderate to high risk. You need to know your RISK level...assessing that is number one before you dump your money in some stuff.

Liquidity. You live with your parents so you do not need too much money lying around. Invest the most of it and just keep in cash what you need to use for 2 months. That way you are maximizing your income.

Hmm...your bank must have good advisors. I love TD and Canada Trust! THey have been so helpful even after I moved to Japan. Granted I have been a loyal and good customer with not tons of cash but enough to keep them happy to have me as a customer. Ha ha.

Best of luck and books do not hurt but take verything with a grain of salt.

Some books tell you to turn left while others tell you to turn right. It can be really mind-boggling.

Best of luck babe and all those who are also dabbling in the finance sectorrrrr.

BB
--VIV
2007-02-05 04:07:57 GMT
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