Malaysia Money Matters

The ratio of your net worth to income is supposed to be 4.5 in order to be considered wealthy. So if your income is 100,000, your net worth should be at 450,000. I calculated mine recently and it came up to only like 3.2 times my income huuuu... this is an edited post - seems like my previous version touched a raw nerve, got feedback that I was showing off apparently. Well, it's my blog and I can say whatever I want but truth be told, it doesn't hurt to be circumspect too...

I think the stock market will actually go up. My reasoning is that with the latest "Kajang move", he is fast becoming seen as destabilising factor. And investors like stability and predictability. The reasons given by PKR for him to contest in Kajang don't hold water. The Sultan of Selangor is highly unlikely to agree to him being appointed Mentri Besar even if he won, so what is the point of the whole exercise? PR won the majority vote but it has not leveraged that win into anything meaningful for the people. Instead, it has all this intrigue within itself, centred around the huge RM3.0 billion reserve that the current MB of Selangor has managed to save up. So while I am very sympathetic of the trials and tribulations he has faced over the long years in prison, this latest tactic is the last straw. All this political play and in the end, the common people get nothing except for a widening gap between income growth and rise of cost of living.