DOs And DON'Ts With Your Money During Economy Slow Down



DO be patient

Rational financial planning for the long term ensures a sound financial futures.

DO reduced excessive, non-essential spending

Cut back on unnecessary spending, think twice before you buy.

DO make a realistic analysis of your earnings and spending habits

Make sure that you are spending within your means

DO make a financial plan

If you have not got one already, now is the time to make one.

DO NOT cut back spending totally

The economy still needs consumer demand to continue growing.

DO NOT get caught up in short-term cycles

Think long term.

DO NOT put all your eggs in one basket

Diversify your investments to ensure that you are not over exposed in any one sector or market.

DO NOT abort the stock market

We have all heard it many times, Malaysian stock market still has strong long term fundamentals

DO NOT panic

Such an emotional reaction may cause you to make bad investment and decisions, think and act with your head.

DO NOT look for get-rich-quick schemes

There is no such thing as easy money. Be aware of the corresponding risks that come with such promises.