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2 comment(s). Last comment by chloe_ts 2014-10-31 10:40
Posted by chloe_ts > 2014-10-31 10:40 | Report Abuse
Thanks for sharing!! very good
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Stock Market Enthusiast
PBBANK: Technical Outlook Suggest Target of RM5 (Uptrend but Overbought) - KingKKK
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
calvintaneng
56,049 posts
Posted by calvintaneng > 2014-10-31 10:30 | Report Abuse
This article is only 50% correct. The name Old School is a misnomer. 2 weeks experience to form an opinion is only half baked. It should be called "Newbie Inexperience".
Is all Debt bad? Should a person or business go into debt?
Answer is both Yes & No
No if you borrow to consume. It is wrong to borrow just for consumption alone. This is the fatal mistake of yuppies. Buy over expensive flashy cars with borrowed money.
Wrong on 2 fronts
1) Paying high interest to consume.
2) Holding a fast depreciating asset.
But Debt Is A Good Thing If You Use It Wisely
Take Public Bank's Chief Mr. Teh Hoong Piow.
He is offering you a 3.6% interest for a One Year Loan From You. So Public Bank is taking on debt. Lots of it!
Suppose you lend to Public Bank RM100,000 for a fix rate of 3.6% pa.
Public Bank now owe you RM100,000 Plus RM3,600 Interest =RM103,600.
By hook or by crook Teh Hoong Piow will have to pay you RM103,600 when time is up.
Now Public Bank has taken debt. So bad for Public Bank?
Nonsense! Public Bank in turn lend out borrowed money (borrowed from you) & in turn loan it to Listed & Unlisted Companies, Govt Servants, Doctors, Lawyers, Engineers, Businessmen, House Buyers, Car Buyers & All Others at 6% to 10% interest. For credit card - as high as 20% interest & interest upon interest.
Public Bank Took On More Debt To Make Even More Money !!!
So Good Debt Is Good Because You Borrow Not to Consume BUT TO INVEST IN PRODUCTIVE CAUSES!
You Must Learn To Differentiate Between Good & Bad Debts
By Calvin Tan Research