Entering the 10th anniversary of investment, I initially stumbled upon the Investalk website while surfing the internet, and this opened the door to my long investment journey.
From time deposits, funds to stocks, Investalk has been a place where I have gained a lot. Back then, as a novice, I had to understand everything about stock watching and technical indicators every day. At that time, I truly believed in getting rich overnight; in the middle of 2014, all my stocks were mortgaged for financing and then exposed to the cold.
After a series of scandals and accidents in Malaysia, the journey of the Malaysian stock market became irreversible; because I was adamant that my judgment was correct, I kept adding positions, which also led to economic problems, unemployment, and economic exhaustion.
Fortunately, with the remaining optimism and determination, I seized a business opportunity in 2022 and achieved temporary financial freedom through continuous additional positions.
10 years ago today, due to my frivolous buying at the highest point and the decision to burst the financing, it determined the following years of downfall. Today is also the same day 10 years later, but perhaps it's different now.
Regardless of good or bad, I am ready.
From time deposits, funds to stocks, Investalk has been a place where I have gained a lot. Back then, as a novice, I had to understand everything about stock watching and technical indicators every day. At that time, I truly believed in getting rich overnight; in the middle of 2014, all my stocks were mortgaged for financing and then exposed to the cold.
After a series of scandals and accidents in Malaysia, the journey of the Malaysian stock market became irreversible; because I was adamant that my judgment was correct, I kept adding positions, which also led to economic problems, unemployment, and economic exhaustion.
Fortunately, with the remaining optimism and determination, I seized a business opportunity in 2022 and achieved temporary financial freedom through continuous additional positions.
10 years ago today, due to my frivolous buying at the highest point and the decision to burst the financing, it determined the following years of downfall. Today is also the same day 10 years later, but perhaps it's different now.
Regardless of good or bad, I am ready.
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Background of the new policy
According to Bank Negara Malaysia (BNM)'s latest guidelines, the maximum period for the cash withdrawal portion of a refinancing loan has been shortened to 10 years. This measure is aimed at controlling household debt and curbing speculative activity in the real estate market [[❞]] (https://loanstreet.com.my/learning-centre/10-year-limit-on-mortgage-refinancing-cashout) [[❞]] ( https://www.iproperty.com.my/guides/bank-negara-malaysia-s-lending-policies-how-do-they-affect-you-4793). Previously, homeowners could refinance a property with a loan term of up to 35 years, but the new policy requires any cash withdrawal to be repaid within 10 years, thereby increasing the monthly repayment amount and further increasing the financial burden on borrowers [[❞]] (https://loanstreet.com.my/learning-centre/10-year-limit-on-mortgage-refinancing-cashout) [❞] ( https://ringgitplus.com/en/bl...
According to Bank Negara Malaysia (BNM)'s latest guidelines, the maximum period for the cash withdrawal portion of a refinancing loan has been shortened to 10 years. This measure is aimed at controlling household debt and curbing speculative activity in the real estate market [[❞]] (https://loanstreet.com.my/learning-centre/10-year-limit-on-mortgage-refinancing-cashout) [[❞]] ( https://www.iproperty.com.my/guides/bank-negara-malaysia-s-lending-policies-how-do-they-affect-you-4793). Previously, homeowners could refinance a property with a loan term of up to 35 years, but the new policy requires any cash withdrawal to be repaid within 10 years, thereby increasing the monthly repayment amount and further increasing the financial burden on borrowers [[❞]] (https://loanstreet.com.my/learning-centre/10-year-limit-on-mortgage-refinancing-cashout) [❞] ( https://ringgitplus.com/en/bl...
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