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.
Ringgit Oh Ringgit is pleased to be one of the official media partners for Cakna Kewangan Summit 2020, the Malay-language personal finance event which will run for 3 days, from 13-15 June 2020.
Some sponsors/partners you might be familiar with include PTPTN, Bursa Malaysia, UOB KayHan, INSKEN (Institut Keusahawanan Negara), MFPC (Malaysia Financial Planning Association) and (for some reason) Kelantan state government.
Let me give you two good reasons to attend Cakna Kewangan Summit 2020.
I’ve decided. Now, anytime anyone new to investing asks me about which investments to get, I’m going to say ‘get the set-and-forget’ ones. Take this investment tip: Unless you have a natural passion (or desire to learn about) stocks and properties and other research-heavy investments, go for the investments you can automate.
Why? Because the challenge is not about picking an investment. There are a lot of good options. The challenge is adding more money to it on a regular basis, usually monthly, over the long term.
Without automated investments, most people will start an investment… then ‘forget’ to contribute to their investment portfolio on a regular basis. And by not adding, the money will never grow as fast as you want.
I know because I’m talking about myself. Despite being an investor for over 10 years now, transferring money out of my banking account to my investment account still hurts each and every time. Therefore, it’s a good idea to feel the pain once (as you set up the recurring deductions), rather than feeling the pain many times over many years.
In this article, I’ve listed out all the investments that you can automate in Malaysia, that I know of. If there are more, let me know in the comments section.
Do you agree with the way I stereotyped Malaysian investors? Disagree? Tell me in the comments section!
Also please follow the RinggitOhRinggit Youtube channel. I’m currently exploring YouTube as an additional income stream. So help me out by watching and subscribing, I’m trying to hit 1000 subs and 4000 watch hours so I can write about the monetisation process 🙂