I’m used to interviewing founders and CEOs, but it’s quite rare that I get interviewed by them!
That’s what we did in this Ringgit Oh Ringgit x HelloGold collaboration. In this video, HelloGold’s Co-Founder Ridwan Abdullah asked me a bunch of questions, ranging from the website, my investments and my thoughts on gold. It was fun answering them and I may have laughed too much.
As someone who keeps gold and regularly checks the price, I thought I’d cover the gold price movement in the last decade. Here’s what happened to gold prices between 2008 until mid-2018. Think of this article as an explanation of the 10-year historical gold price chart below.
For the benefit of this article, I’ll use price of gold per gram, not per kilo. Most people track the price that way anyway (unless they’re from the US, in which case they use ounces).
If you’re keen to collect something, why not collect gold coins and gold bars? They tend to appreciate in value in the long run. If you get bored of your collection or need money, you can resell it and get back what you paid (and perhaps more than that). You can’t say the same for most other collections.
In this collaboration post with buysilvermalaysia.com (which actually sells a lot of gold too despite the name), we would like to share some interesting gold coin and gold bar designs for your visual pleasure. Your inner pirate will appreciate this.
My relationship with Islam the religion may be complicated, but I’m ALL for Islamic finance. During Securities Commissions Malaysia’s SCxSC 2019 Fintech Conference event, someone said Islamic finance = ethical finance and gosh, that’s it, that’s why it’s always been appealing for me.
I love the underlying values behind it, like how usury (interest) or riba is completed prohibited, and how excessive risk-taking or gharar is not encouraged.
Conventional finance can be so predatory – yes, predatory – and I love how Islamic finance and banking is structured in a for-the-good-of-all way, even though admittedly things are never perfect in practice.
When it comes to Islamic investments, I admit I do have a big preference to Syariah-compliant investments. Not ALL of my investments are halal, but most of them are. I’m a work in progress, as we all are.
Throughout the years, I’ve made my notes when it comes to Islamic investment options in Malaysia. It’s far from comprehensive, but it’s time to share it with you. Hopefully it’ll help.
What did you pick as your first investment? Your second? Third? And so on?
As always, when I got curious about anything personal finance, I turn to the crowd. I asked the RoR Facebook community about their first, second and third investments. How did they interpret the common advice to ‘diversify your investments’, and how does the order look like?
Have you ever used learning as an excuse to NOT do something? Like, in a “oh I can’t possibly do that yet, I’m still learning about it” way.
Yeah. Hi. Can I join the club?
Creating video content is that thing that I’m forever ‘learning’. So far, in the last couple of years, I’ve:
Asked many people for advice
Bought some equipment
Bought a video-editing software
Bought and went through courses (including one in August designed to conquer the fear of being on camera, a course called ‘Confidence on Camera’)
Made a looooong list of possible video content angles
And yet – and yet! – at time of writing, I still can’t bring myself to actually do it. The only reason why I have a Ringgit Oh Ringgit Youtube channel set up (if you want to be an early subscriber…) is because I need a place to house a collaboration video done with HelloGold.
On one hand, ok fine baby steps. On another hand, this baby needs to grow the hell up.
Someone smack some sense into me please. Or suggest video content you want to watch, maybe that might help. I don’t know.