So this time the industrialised nations have pledged action to tackle the financial crisis in a “united front”. And according to US Treasury Secretary Henry Paulson, they have issued a five-point plan of “decisive action” to unfreeze credit markets. Specific details on how this can be done is yet to be revealed. Liquidity seems to [...]

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The stock market took another tumble despite the latest bank rescue plan announced by the UK government, and a coordinated 0.5% interest rate cut across the world, involving Americas, UK and European Union. Never have I seen these countries working together at the same time. Just goes on to tell you the scale of the [...]

Posted in Investment, Money matters, Wisdom No Comments »

Two years ago when we were considering which fixed-rate mortgage deal to go for, there was this “financial adviser” recommending us to take a 2-year deal, instead of a 5-year deal that we are interested in. He even showed us a prediction, from Royal Bank of Scotland I believe, on the trend of the interest [...]

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I’ve set up a meeting with the accountant next week. So looks like the time has finally come for me to prepare the accounts for her to inspect. I initially thought it is going to be a rather daunting exercise. But with the help of the template W found me, it was surprisingly easy to [...]

Posted in Entrepreneur, Money matters No Comments »

It’s not the first time I complain about HSBC now. For personal banking, the interest they give to your current account is dismal, 0.1% APR or something ridiculous. I tried to check on their website just now and I think they are trying to make it difficult for people to see their rates. You have [...]

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