The equity is listed shares (can't disclose the name)
And no, it's not inherited. It's because I worked for them as a part timer (paid part timer) and now they looped me back in and given me equity, instead of salary.

This post has been edited by johnnyenglish123: Jan 13 2024, 06:26 PM

Amazon is only a few startup that survive the dotcom burst. 99% of them when bankrupt. Your chance of hitting big on Amazon is 1/100, worst odds than gambling.

Totally agree with this statement that why I don't recommend on investing crypto other than Bitcoin. 99% of it would fail. BTC network is the largest and can't be compared with any alt coins.

=================================
New chapter of my life.
Typed @ 22.4.2024.

Career wise :
#ExitKKM

Regardless of the so called "iron rice bowl" given by the government, i decided to resign due to shitty pay, idiotic bureaucracy, toxic environment.
Letter written to Head Of Department after CNY - resignation letter done and enforced on March 22 2024
Joined a private team on the same month itself.

Previously, KKM salary is quoted approximate MYR 16 to MYR 18 per hour (Base salary + Oncall claims ) ---
You can say now i work less hours, and earn much better bucks - now i'm eligible for certain Visa Infinite credit card now.
(previously slavery at KKM can't even entitled for Visa Signature LOL)

Age : 30
Single

Assets :
ASM FP : 204k FP - done, will let itself roll .
Stock : 41k --- still at minimal loss, small cap is shit, surprisingly banks and TENAGA make good runs.
KWSP : 77k
High-liquidity MMF : approximate 70k
PRS : 6k - just to avoid paying MAHALDANI tax LOL

Target 1 (ASM) - completed , exceed target by 100% - done and dusted.

Target 2 (first property for investment) - scouted, reason for the high liquidity MMF is to prepare the 10% deposit for the housing, estimated completion time 2028, pending S&P signature.

Target 3 (stock) : fuck Bursa, scouting SGX for S-reit and SGD priced securities.


=====
Dooddads
same old Myvi, same old phone, same old Laptop

but i think i gonna do some upgrade on my phone and lappie coz ... it's time. My phone recieved notification that Rize will stop support my phone soon (they gonna support Android 11+ only LMAO)

This post has been edited by Haloperidol: Apr 22 2024, 08:36 AM

Can try out GXbank. Higher interest rate than rize and less issue supposedly.

Also you might want to think about investing overseas stocks to protect against your future purchasing power (my teacher words, not mine). I don't hold ringgit at all except for PRS and EPF.

That's why I refuse to buy property in Malaysia. You are sinking in 700-800k into ringgit.

Depends on you. An investment is not growing it's payout is not a good investment. If you follow s-reits you know many of them their dividend was reduced due to high interest. That's why I don't hold any s-reits anymore.

Btw are you male or female?

This post has been edited by Ramjade: Apr 22 2024, 08:50 AM

i'm a guy lel, why even ask.
GX bank only offers 45k capital interest, lazy to shift around.


This post has been edited by Haloperidol: Apr 22 2024, 09:30 AM

He is looking for girlfriend everywhere... even in this thread...

You are on the right track at 30.

Its still a long road ahead but continue being prudent and smart with money.

Buying property for investment.... how much you expect the yield to be ?
Compare it against other investment vehicles.
Rental income comes with tenant headaches which you may not be aware of.

Should go to Sugarbook not Lowyat.net Lol

hard to find gf la like that.

everyday ringgit sucks

Gxbank interest is 3%. Promo is just 5%. I prefer less problematic banks.

Cause if woman stuff like facial is burning your money.

Lol. Buaya mode.

Ronnie is right. How much you want the yield? After add on loans, taxes what is final net return? If a property is not generating money for you it's a liability. Unless you going for auction properties.

This post has been edited by Ramjade: Apr 22 2024, 11:07 AM

Age : 32
Married

Liquid Assets
Bursa Stock: RM 1.3m (This year yielding approximately RM30k)
US/SG Stock: USD 25k
Idling Cash/ High Saving Account: RM300K
EPF: RM140K

Hard Asset
Property : RM320K if liquidated
Cars: 2 Cheap Cars worth 20k combined if liquidated
Watches: approximately RM100K if liquidated

Liabilities
House : Left RM318k (4.24%)
10 years business loan: Left 290k (4.00%)

Curious, previously you opt for pencen or KWSP? if is pencen then what are the benefit you gonna received upon your resignation? if is KWSP then you got your KWSP $$ but pencen how? got lumsum payout?

If he is contract, likely EPF. Unless he is permanent.

Bro, just wanted to wish you all the best!

I notice many are claiming they are investing in properties but actually not, they are just adding more liabilities.

the correct way of investing in property is to utilize the bank leverage and get tenant to pay everything and get cashflow positive or at least breakeven after deduct everything.

the other way around is not correct investing way regardless ringgit is good currency or not.

if one is doing it correctly, with the same salary from job, he/she can keep buying new property every 6 months.

The idea is after 30+ years the property will fully be his/hers with only merely downpayment of the initial buying price. In fact, most correct cases the downpayment already gotten back from the positive cashflow generated over the years.

Don't get me wrong, I am not saying this way of investing is easy because one need huge network and knowledge as property transactions are not publicly free available.

If tenant cannot pay 100%, you still need to cough up money.
30 years down the road, ringgit would have drop more. Not worth it.

this i agree.... in the last 30+ years that's what had happen

Investing in properties has alot of similarities with investing in stock. There are two component to look at, (1) capital appreciation / stock price gain and (2) rental / dividend. High rental/dividend will corellated to lower appreciation / stock price gain. At least this is true to most but not all and vice versa.

So just aiming for high rental to cover your installment is just short term view, ignoring the other component all together, which is a long term view.

Your definition of correct way of investing property mostly apply to distress properties that has low resale value but command a high rental due to its location and maturity.

This post has been edited by Singh_Kalan: Apr 22 2024, 03:22 PM