Entering the 10th anniversary of my investment, I first started surfing the Internet and browsing the Investalk website. Since then, it has opened up a long path for me to invest.
Investalk, from fixed deposits and funds to stocks, was a place where I had a lot of benefits. I had to understand technical indicators every day. Back then, I really believed in getting rich overnight; putting all stock mortgage financing to the cold in mid-2014.
After that, a series of scandals began to ferment in Malaysia, and Malaysian stocks began an endless journey; since I insisted on believing that my vision was right, I continued to make up positions; it also caused economic problems, and unemployment and other problems caused the economy to dry up even more.
Fortunately, I was able to seize a business opportunity in 2022, and with the remaining optimism and lack of confidence, I was able to achieve a short period of financial freedom due to continuous actions to replenish positions in the past.
Today, 10 years ago, my frivolous purchases were at their peak and my financial collapse determined my failure in the next few years. Today is also 10 years later, but it may not be the same.
For better or worse, I'm ready
Investalk, from fixed deposits and funds to stocks, was a place where I had a lot of benefits. I had to understand technical indicators every day. Back then, I really believed in getting rich overnight; putting all stock mortgage financing to the cold in mid-2014.
After that, a series of scandals began to ferment in Malaysia, and Malaysian stocks began an endless journey; since I insisted on believing that my vision was right, I continued to make up positions; it also caused economic problems, and unemployment and other problems caused the economy to dry up even more.
Fortunately, I was able to seize a business opportunity in 2022, and with the remaining optimism and lack of confidence, I was able to achieve a short period of financial freedom due to continuous actions to replenish positions in the past.
Today, 10 years ago, my frivolous purchases were at their peak and my financial collapse determined my failure in the next few years. Today is also 10 years later, but it may not be the same.
For better or worse, I'm ready
Translated
![Welcoming the arrival of August, it is also a month that is ready to go](https://sgsnsimg.moomoo.com/sns_client_feed/104586425/20240801/1722511802640-random4303-104586425-android-org.gif/thumb?area=104&is_public=true)
![Welcoming the arrival of August, it is also a month that is ready to go](https://sgsnsimg.moomoo.com/sns_client_feed/104586425/20240801/1722511803432-random5413-104586425-android-org.png/thumb?area=104&is_public=true)
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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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