5 finance-related oxymorons you should learn more about

Saving money is not a good way of accruing wealth as the value of money can fluctuate easily.

Fast forward to end-2018, and gold is priced at RM5,319.93 per ounce, close to 50 times the initial valuation of the Malaysian dollar 50 years ago. However, mutual fund companies make money the moment you invest in them and in the duration of your investment. They live in fear of losing their jobs and have little confidence of procuring a new job should the unthinkable happen.A viable method is to build new sources of regular income. These may include:• business income from profitable business ventures.This is easier said than done. It takes great sincerity to invest one’s time, effort, and money to learn and master one of the above to really build a brand-new source of income.

That view is inaccurate and a form of stereotype. By right, investing is not risky. Investors are risk-averse and quite conservative with money. Real investors go for consistent cash flows from their investments, even if they believe the investments will grow in value in the future.For instance, Warren Buffett made his billions from businesses that were cash cows.

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