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.
Note that I didn’t name this article, Best Places to Invest Money in Malaysia. It’s Best Places to Save Money in Malaysia. Emphasis on saving money. All the options in this list MUST either be cash or can be quickly converted/sold into cash without losing much value. In investing-speak, we call this ‘liquid’.
According to Google image search, ‘liquid investment’ is also a tap that drips dollar signs, coins and banknotes. I can confirm this depiction is 100% accurate.
With that clarified, let’s go ahead and rank the best places to save money in Malaysia. The ranking order is decided by myself, but let me know if you have opinions – open to compelling arguments.
#1 – Mutual funds, unit trusts and roboadvisory platforms without withdrawal fees or ‘locking period’
As you and I know, we as a country have A LOT of debt to pay off (yes this is a 1MDB reference). So I am fully in support of the campaign and initiatives under it. It’s not your or my fault that we’re in this debt… but we’re in this debt.
It sounds like the RoR audience is in support of initiatives that improve the tourism sector, too, because when I asked about what we could do to attract more tourists to Malaysia, I got so many amazing replies! They were so good, I decided to compile some answers here for everyone else to read and contemplate on.
Here’s what you say will draw tourists to Malaysia:
#1 – Appeal to locals (and people who live here like locals)
One of my favourite things about being a writer is the creativity I can apply during the content creation and monetisation process. There are so many ways to earn money!
And you know what? Anyone can write. And everyone has a network of friends and family to tap into. It’s just a matter of doing it well, in a ‘everyone likes to buy but no one likes to be sold’ kinda way.
In this article, I would like to share with my fellow content creators – both current, future and even casual ones – the referral programmes that I have experience in using, plus the amount of income they have generated for me so far.
I’m also giving links of posts containing the referral links so you can have a sense of what types of content do well, and which do not. Knowing what *doesn’t* work is part of learning too.