Latest Blog Posts for LCF on Personal Finance

• How to define Wealth?
  on Mar 28, 2012 in Financial Concepts Andrew Hallam Millionaire teacher
  What is your interpretation of being wealthy in monetary term? Is it any of these? Having one billion dollars of disposable cash? Be able to afford to drive an Audi R8? Be able to shop till you drop without having to worry about running out of mone...
• Podcast Interview#2 with a Millionaire – a Personal Finance Teacher we should have in school
  on Mar 25, 2012 in Feature Money Issues Andrew Hallam Financial Literacy Financial Thoughts Investment investment return Personal Finance
  Have you ever wondered that, you would have accumulated more wealth by now if you were more financially aware in your early twenties? Is the culture of spending really so ingrained in all us which makes it futile to resist the temptations around us?
• Hire Purchase Secret#2: How Banks Blind side Your Car Loan Interest Rate
  on Mar 21, 2012 in Money Issues annual percentage rate APR Financial Literacy Financial Thoughts hire purchase interest rate mortgage interest
  You couldn’t be more wrong when you try to compare the interest rate quoted in hire purchase (HP) with lending rate, mortgage rate or fixed deposit rate. HP rate quoted by banks is calculated based on a flat rate. To make an apple-to-apple comp...
• Podcast Interview#1 with a Millionaire – of Money, Investing and Sex
  on Mar 18, 2012 in Feature Money Issues Andrew Hallam Financial Literacy Financial Thoughts Investment investment return Personal Finance
  When someone said, “You can get rich on a teacher’s salary”, you probably would have dismissed it as a hoax. I would. But not when it comes from a man called Andrew Hallam. He has been there, and done that. His secret is no secret...
• Hire Purchase#1: How Bank Calculate Your Monthly Instalment
  on Mar 12, 2012 in Financial Concepts annual percentage rate APR Financial Literacy hire purchase interest rate Personal Finance
  Assuming interest rate of 2.85 percent, 7 years (84 months) tenure and 90 percent financing margin for a vehicle costing $ 100,000: Step 1 Calculate total balance payable to bank Balance payable to bank = 100,000 x (1 + 7 x 0.0285)  = $ 107,955 Step...
• Hire Purchase Secret#1: How Bank Calculate Your Car Monthly Instalment
  on Mar 12, 2012 in Financial Concepts annual percentage rate APR Financial Literacy hire purchase interest rate Personal Finance
  Assuming interest rate of 2.85 percent, 7 years (84 months) tenure and 90 percent financing margin for a vehicle costing $ 100,000: Step 1 Calculate total balance payable to bank Balance payable to bank = 90,000 x (1 + 7 x 0.0285)  = $ 107,955 Step...
• Hire Purchase Secret#1: How Bank Calculate Your Car Monthly Instalment
  on Mar 12, 2012 in Financial Concepts annual percentage rate APR Financial Literacy hire purchase interest rate Personal Finance
  Assuming interest rate of 2.85 percent, 7 years (84 months) tenure and 90 percent financing margin for a vehicle costing $ 100,000: Step 1 Calculate total balance payable to bank Balance payable to bank = 90,000 x (1 + 7 x 0.0285)  = $ 107,955 Step...
• Capital Preservation and Growth is Overrated – Here’s Why (Real Case Study)
  on Mar 7, 2012 in Feature Money Issues Apple Inc BCI Business cycle capital preservation Financial Literacy Financial Thoughts Fixed Deposit Fixed Income Securities future value interest rate Investment investment return Investment Risk Mutual Fund Personal Finance Rate of Return recession Risk Free Investment stock price time value of money unit trust volatility
  Capital preservation AND growth – the Utopian achievement for all investors. The idea of concurrent capital preservation and growth is that you get capital growth over time without losing a single dime. Your portfolio is practically immune to all...
• Capital Preservation and Growth is Overrated – Here’s Why (Real Case Study)
  on Mar 7, 2012 in Feature Money Issues Apple Inc BCI Business cycle capital preservation Financial Literacy Financial Thoughts Fixed Deposit Fixed Income Securities future value interest rate Investment investment return Investment Risk Mutual Fund Personal Finance Rate of Return recession Risk Free Investment stock price time value of money unit trust volatility
  Capital preservation AND growth – the Utopian achievement for all investors. The idea of concurrent capital preservation and growth is that you get capital growth over time without losing a single dime. Your portfolio is practically immune to all...
• Most Costly Investment Mistake – Apple Inc, My True Story
  on Mar 3, 2012 in Feature Money Issues Apple compounding Financial Thoughts Investment stock price Worth Sharing
  Do a Google search right now and you will find a plethora of write-ups on on “investment mistake”. They share one similarity – they are all theories, so to speak. Theories of mistakes made by the rest of the population which you would want to a...

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