Wow ! Great la.. How can you save so much money as just a engineer. Mind sharing here?

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Long time reader, first time poster.

Age: 26 (male)
Self-employed/business

Assets
Properties: 2 - RM300k + RM550k
Cash in hand/savings: RM40k
EPF: RM20k (quit my job to run my business)
Personal Insurance: RM4.8k (only started buying this year)
Business assets: RM30k

Liabilities
Home Loans: RM580k combined outstanding
No other debts/loan repayments

Networth +-: RM300k?


I know it isn't much, but I started from nothing 4 years ago after graduating. I started with property, acquiring the first one at a good deal back in 2010, second one only this year. Other than that, I felt that I did not have sufficient "bullets" to venture into other investments just yet as my business was just taking off before this (dare not spend $$ elsewhere just in case). Now I feel that I really should diversify my portfolio with this somewhat decent amount that I've saved up, but I'm not sure which to go for. UT? Share market? Forex? Gold/Silver?

Furthermore, the market is rather volatile and bearish at the moment, which makes me feel that perhaps my timing isn't right. But then again, I do not have any experience in other fields of investments.

I make about 6k to 8k net profit average per month from my business (after deducting my own expenses), and I have no other commitments except my home loan at 2.2k per month. Proton is fully paid off 2nd hand car. But I have no FD and such. All only in savings and current account. Therefore I always end up dumping the extra cash back into my business to grow it. Sometimes I manage to make more, sometimes not. But ROI is about 20 to 30% on average.

Any advice on how I should diversify my portfolio, kind sirs?

How do we calculate our assets if part of it are been invested in stocks?
Unless we calculate it every trading day...

you can use http://klse.i3investor.com/jsp/pf.jsp

create a private profile under your login. even dividend and share split you able to log to see the performance.

hope this able to solve your issue.

No need so details one. I think usually people only calculate the stocks value once a year, so that will be the performance of the year. On normal days, just a rough figure, although I can know the stocks "current" value after I refresh the excel sheet, but I'm still using my invested value for the past year to determine only.

Thanks for sharing! Appreciate it!

Youre right, don't have to be so details unless we are in Forbes List Of Billionaire.. haha

Some people are using the purchased price to determine their net worth or else it might be very inconvenient.

Yup. That is the case for me, although I still can see the current value, but that is for syiok sendiri purpose only.

Oh Yeah!! SYOK SENDIRI! that is the word man!

My net worth is really small ,i got only $1000 monthly for being call center agent in Norway including my deltidsjobb or part time job.But then that is enough for me cause of the fact that i don't have an higher education just like other.

Age: 26
Occupation: Engineer
Marital Status: Not Married but got gf.

Asset(s):
House (Condo)-
1) RM440k, Under Construction, Monthly Repayment : RM1900
2) RM800k, Under Construction, Monthly Repayment : RM3400

Car (Korean car)-
Fully Paid

Liability (ies):
PTPTN : RM60k

Insurance:
Life: RM20k

Investment:
Bond: RM8k
FD: RM 12k

Cash in hand
RM10k

Am i in deep shit?

u no say ur income how to say shit or no shit?

alot shit...no saving. so many loan unpaid.

Estimate his salary might be rm 16k- from 1/3 of servicing rm5300 mortgabe loan.

Wonder how 26 year enginer can get rm16k salary.

Engineer I dunno, but site safety manager, deputy project manager, construction manager at my company all earning above 10K

I want to be IT manager..... but my boss cannot up...so do I to be promoted.

Age: 30
Occupation: Para Legal
Marital Status: Single
Gross Salary RM3,000 add bonus then deduct epf, income tax and socso.

Asset(s):
Share KLSE total worth currently RM71,500 it fluctuate pricing.(amend because forgot I have FGV)
Public Mutual China Select Fund worth RM25,000

Car (Old Hyundai Gentz)-
Fully Paid and given by parents. Worth RM15k based on insurance quote.

Liability (ies):
Zero

Insurance:
Life: RM20k Not too sure.

Cash in hand
RM5k

Living in Seremban.

Am i in deep shit? Thinking of finding a part time to do.

This post has been edited by Seremban_2: Sep 13 2013, 11:27 PM

67,000 or 670,000?

For your salary...u sure have a lot invested

Good to see some successful folks out here. I'm way behind by comparison especially at my age/salary level but I'm thankful with what I have. I wish I had been more aware in my younger days.

Age: 40
Occupation: IT Team Lead
Marital Status: Married with 3 primary school going kids
Gross annual salary: 450k

Asset(s):

Current house (market value 1.8m)
Condo (market value 320k)
EPF 400k
Cash 150k

Liabilities:
Current house 900k
Condo 175k
Car loan 140k

Insurance:
Life: RM250k (not including what I get from work)

Investment:
Stock: RM20k
Mutual funds: RM60k
Rentals: RM1.6k

This post has been edited by rollover: Sep 12 2013, 03:35 PM