Cheah,... on statements in red above,... you better prepare the money just in case they are not good enough to earn scholarships, or to get student loans,... You know as well as I do which race will get the preference. If you are a Bumi, then better chances-lah,....

Like Dreamer said, it's going to be a very big expense,...

Or are you migrating too , similar to my footsteps.....

This post has been edited by Lawyer1: Sep 25 2009, 11:45 PM

On A) above,... I like your optimism, I hoped you are right, I got some things still in Malaysia, and I certainly needed the rental income and PNB dividends too.

On C),... well,.. Dreamer never said he ran away because of the NEP, and even if it is because of this reason, to me, it's still fine-lah,... people migrate for many reasons,....

constant,

A) It is people like you that make me believe that Malaysia is DOOM for sure. If there are MORE PEOPLE that are afraid of impending DOOM, there still might be hope for Malaysia.

C) I fight for BETTERMENT of the country by destroying those companies that are killing the country. I choose to vote with my money. Most people CHOOSE not to care.

Dreamer

This post has been edited by dreamer101: Sep 26 2009, 01:21 AM

Same same...Collect rent money and go for beer...

I totally agree with you, maybe Lawyer1 and Dreamer are a few of the non-bumis that can afford to migrate to the 1st world country for the retirement or children education. A lot of non-bumis (Indian that still living in the estates, and some chinese that still living below poority line) still suffering, they may only earn enough for their household expenses, not to talk about migrating for that pupose.

WHat Constant said is making sense we (our generation and next generation) need to be in Malaysia, to fight for our own group of non-bumis. and also let our children continue to fight for our betterment. I am a chinese, so do u know that Malaysia has the best preserve chinese school/education system outside the greater China? that is because our grandparents fight for us, and we fight for our children too, if everyone upset and pessimise and leave the country (of course u must be rich enuf to do so), our poor chinese/indian will never get the chance to learn their mother toungue in the future.

---

Added on September 26, 2009, 2:43 amI dont have children yet, so i do not think that long yet. If i do one fine day, i will not prepare money for their tetiary education. If i do extra money i will rather use it and enjoy myself, I will provide free education for them till secondary school, after that they are on their own. If they can't get schoolarship then they need to find their ways to further their education. Many successful people make their own way of success including financing their own tetiary study, not spoon fed by their parents.

Well, there are many reasons that i will stay in Malaysia, and not migrating:

a) i am still optimise and love this country, things can be changed, we are all voters in the next elections....

b) we need to fight for our race, and for Malaysian in general. To me, feeling upset about this country and migrating is selfish and self-centered. You leave your relatives, friends & neigbours that same race with u (whom can't afford to migrate and must live in this country) suffering in this country. If all rich non-bumi migrated, left over the poor non bumi and cause them have lesser votes/power of voices in this country. Their future will become more uncertain.

c) Malaysia is still a cheaper country to live, according to the wellknown big mac index, we are the one of the most liveble countries with low living cost. We have the best infrastructure highway, good environment, above average education/medical facilities if compare to other SEA countries.

d) i do not think living in other country could be better of. Many people always think the moon is always brighter at the otherside of the world, which is not always true. In 1997, HK was returned to CHina by British, many Hongkies worries and migrated to Canada/Australia, and some even surrended their Hong Kong nationalities, and many regretted. Some managed to move back to HK (after few more years staying abroad they still think HK is the best place to live). For our Malaysian case, if u r a non-bumi, once u surrender your passport, there is no U turn, chances to get back your nationality is very slim.

This post has been edited by cheahcw2003: Sep 26 2009, 02:47 AM

cheahcw2003,

<<To me, feeling upset about this country and migrating is selfish and self-centered. >>

To me, a person that sold out his race and country just for a few percents of dividend yield is selfish and self-centered. He let his money do the talking. His money said that he does not care about his country.

You have voted with your money. Your money say that you DO NOT CARE whether you have been treated fairly.

You are ANOTHER example why Malaysia is DOOM. People that are NATO. They use their money to support 90+% companies that discriminated against them. So, stop BSing us that you are FIGHTING for anyone.

Dreamer

http://atimes.com/atimes/Southeast_Asia/KI25Ae01.html

<< A bigger concern is falling foreign investment flows, as Malaysia lagged Southeast Asia competitors Thailand, Indonesia and Singapore in attracting new FDI in 2008. The release last week of the United Nations Conference on Trade and Development's "World Investment Report 2009" showed that Malaysia experienced a US$6 billion net outflow of foreign direct investment in 2008. That built on the $2.7 billion FDI outflow seen in 2007.>>

<< Capital outflows from Malaysia have continued into this year. Bank Negara's financial account figures showed that direct investments abroad by Malaysian companies exceeded direct investments into Malaysia by 4.9 billion ringgit (US$1.4 billion) in the first half of 2009. Net portfolio and financial derivative inflows were negative to the tune of 22.1 billion ringgit, while other investments recorded a negative 27 billion ringgit over the same period.

"The outflow shows that investors, including Malaysian firms, find investment opportunities not so good in Malaysia and that's why they are moving abroad," said Subramaniam. "The government has to look into why they are not finding it attractive to invest here despite the risk involved in moving their funds abroad." >>


This post has been edited by dreamer101: Sep 26 2009, 06:29 AM

cheahcw2003, from your posting it seems that it's all about race, race, race...like this how to integrate? I understand vernacular schools are not just about education but is actually a symbol of the last bastion of non-bumi rights in Malaysia. So until the day, 1 side backs down, this country will have alot of difficulties fighting in the international front. The mutual distrust has to go!

anyway, let's get back to the original topic of this discussion.

Pls get back to the topic or I'm forced to take action.
You guys can debate that out in RWI where I think dreamer knows the exact thread.

SO No more out of topic post after my post here!

This post has been edited by b00n: Sep 26 2009, 08:48 PM

Okay : back to our current topic,.... and similar discussions.

Pai,... I like your first sentence in the above. Would you do the same if you had my portfolio ? But the rental income may not be enough yet, wouldn't you think so ?

Ladies and Gentlemen, member of the press,

I am updating the stats.


Age: 28
Occupation: Service Engineer
Marital Status: Not Married but got gf.


Asset(s):

House (2 stories)-
RM220k Outstanding Loan: RM 95k 15 years more

Car (Japanese car)-
Market Value: RM 60k Outstanding Loan RM 45k 4 years more


Liability (ies):
Study loan: RM115k -borrowed from my uncle and he say when he need money will ask from me, any moment(cash)!
Parents, sorry ah pa and ah ma to call you all liability

Insurance:
Life: RM20k payout

Investment:
Bond: RM20k
FD: RM 27[B]0k

Cash in hand
RM10k


What do I do next?
I want to

-upgrade to a RM500k house
-buy a honda accord 2.0VTIL

should I do it?

hey, your financial status looks not bad la...if I were u, i won't upgrade me house anymore, that 2 storeys house is good enuf liao. keep the money for early retirement is better la

As you are still paying loan,why don refinance your loans?Take a part of FD to it.I think except you are taking rental from the house that are fully paid,if not the money in FD is a little bit too much.Fully utilize the money in FD.

you are right. I have withdrawn my FD & put all in my flexi loan account, saving the interest which is higher than the FD interest...when u need money, just withdraw from ATM, that's simple.

I dont complete my loan because I am still in the lock down period. I will get penalty and I dont want to be investigated unnecessarily by income tax the moment I discharge my house.....

the pain in my heart..

better wait until your lock in period over, not worth to pay penalty. if u pay tax & never manipulate your income info, no need to scare for them to check.

U're under assured bro. 20k for protection. U should maximize ur protection 1st incase anything happen to u. That my advise.

but i still think medical protection (medicard) is more important. if u die, just die only. but if u kena serious illness or need to go for operation, if u dun have medicard, u must have cosh, or else u can sit there to wait for your time arrive...

Just want your advice to manage my cash flow

Age: 22
Occupation: Student
Marital Status: Not Married no gf.
I dont borrow loan or PTPTN for my education or business


Asset(s):Investment rm 100,000 personal business,
turnover a month rm 5k-rm 6k

Other business net profit a month
Car renting business + trading business =rm 5k min -rm 10k max


House -nop


Car
1 unit Gen-2 buy cash personal used
2 unit of wira (for business purpose ) cash
1 unit of satria (for business purpose ) cash


Liability (ies):

Insurance:
Life: will buy when im 27 ,now im fine



Investment:
rm 10k in OSK

Cash in hand
rm 10k+ someone utang me rm 14.5k
rm 20k in montage business


What do I do next?

This post has been edited by jd low: Oct 30 2009, 01:23 AM

Seems to me LYN surfers in their early 20's are so rich. I'm in my early 30's and my assets is no where near their level.

a student earn 10k per month WOW