ptptn hutang 25k
car loan hutang 48k
total personal asset 9k

personal wealth -64k

Lucky gf!

Currently no other investment plan due to history, lost too much in stock so no more guts..
So all money keep in FD only.


My car interest is only 2.7% while my FD is about 3+% (depending on tenure etc) so I rather put in the bank than to pay off the car.

Do you see my point?

What's the interest rate on your housing loans?

ptptn 120k
car 60k
margin call 30k

total -210k

Car loan interest of 2.7% is not effective rate, more like 4.X% as interest is calculated on total loan amt as oppose to reducing amt. Hence u r better off paying off your car loan then keeping in FD.


BTW, ur GF really lucky.... must be 'model like' for u to sayang so much!!!!

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Added on March 1, 2011, 1:54 pmTop up your margin, might have chance to break-even or even abit profit within this week

Forget bout ptptn, there is no penalty or late charges. Treat it as long term loan since the interest rate is lower then housing loan (is it 4%???)

This post has been edited by rakyat: Mar 1 2011, 01:54 PM

Bad gf suck!

If you put into FD @2.75% p.a. and inflation is 5%, in actual fact you are making a wonderful gain of (2.75-5)/1.05 = negative 2.14% p.a.

However, if you truly believe our Bolehland's media spin, we are at 2.2%, then you are safe....

Xuzen

Im 25 this year. My current standings are as follow.

Cash = 5k
People owe me= 5k (borrow to family)
Car= Iswara Year 2002 (Assume RM10k value and has no loan)
Stocks = 21k
Unit Trust = 5k (current value is around 3.3k damn public bank china pacific equity fund)
Other investments = 32.5k

Insurance with investmentlink plan= RM2.4k/year
Savings Insurance plan = RM1800/year

PTPTN = 8.8k

Is this consider Ok for my age?

I did do some odd jobs here and there during Uni and now working in a bank for the past 1.5 years.

Currently looking to buy my first property but seems to be too expensive everywhere. Any suggestions on ways to buy property while need for taking out cash is low upfront ie low downpayment? Im only interested in completed property mainly intended for rental income..

@highlander
U doing great there..

As for me,
cash = 6k
FD = 15k
ASW = 50k

Car = Myvi (left 3 years loan, 498/ mth)
Study loan = 19k+

I plan to settle my study loan in 3 yrs time so i would be debt free by then before planning to get a hse

ptptn = -54k

Housing Loan: BLR-2%

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Added on March 3, 2011, 9:29 am@rakyat,

Errr.... how do i calculate to get a 4.x% effective rate? thanks

This post has been edited by johnrck99: Mar 3 2011, 09:29 AM

In simple terms - auto loan calculate the interest on the total loan amount muiltiplied by the tenure of the loan. The interest amount does not amortise to the remaining or o/s principle amount. Interest amount for the 1st installment is the same as the interest amount for the final installement. Auto loan interest of 2% in actual fact (effective interest rate) is 4% or 6% depending on the tenure (longer = higher effective interest rate)

HL interest is calculated on the remaining or o/s principle amount. Every progressive installment, interest amount will be lower (as principle amount is reduced)

Hi!

Equity = Asset - Liability

Asset
======
Total in all checking and savings account --> RM2k
Current value of life insurance (cash value) --> unsure (this figure should be the amount you get if you surrender the policy today)

Current value of home ---> RM100k (RM300k divide 3 person)
Current value of any personal property and cash on hand (handphone, laptop, guitar etc) --> RM2000

Total Assets --> RM104k


Liabilities
======
None

Net worth---> RM104k

If your property loan is flexible with adjoining account, it is better for your to park your "FD + Loose cash RM210k" to reduce the amount of interest to only the 'outstanding' 40K... you will safe much more than parking your money in FD.

And wat car you let your gf use?? honda crv???

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Added on March 3, 2011, 10:17 amlife insurance will only become an asset after your die. Now it is just liabilities.

This post has been edited by jphlau: Mar 3 2011, 10:17 AM

i dun think so, your life insurance can be surrendered for cash, so the said cash amount would be the asset.

liability is the amount owed, not amount accrued. Even if it is ,then we should consider put our rent expense into liability which is not logic.

Ladies and Gentlemen, member of the press,

I am "also" new here
May I "also" ask you all the following questions. As LYN has very vast pool ppl from all kind of backgrounds, so this is going to be a good pool of
information sharing.

I "also" want to learn if my existing financial status and net worth is healty, lousy, etc...but guess what...I'm leading a miserable life now...

So I "also" want to share my info and hope you can share your info too. Please follow the format. At the end of the sharing, you can add your comment/advice.


Age: 28
Occupation: xxxxxxxxx Engineer
Marital Status: Also Not Married but also got gf.


Asset(s):
--4 yrs working exp
--humor sense
--"still healthty" body -- (<3 mc days in 4 yrs working)


Liability (ies):

Study loan: no more...by some how ptptn allow me no nid to pay (luckily) ...i got their letter as prove

Parents : srry ah pa ah ma...I was ur liabilities and now ur turns

gf : sorry ah....before u get ur job stable..u r still liabilities

gf car : P2 rm700/month (3 yrs left) (she says will pay me back when her job stable...i think mostly not...or i will be dumped soon)


House (condo)-
RM270 k Outstanding Loan: RM 250k 29 years more ( I wan rent room out... but gf dun allow...now 1 room bcome store another bcom guess)

Car (Japanese car)-
Market Value: ~RM 60k Outstanding Loan RM 45k 3 years more



Insurance:
medic : RM100k (bought from previous gf's fren....), premium pay =250/mnth

Investment:
Bond: RM0
FD: RM 0
Stock options : 500 unit nia...=.= net =22usd/ canot sell untill min usd 30 nett per unit

Mutual fund : rm7k (but it nvr moves)


Debt:
creadit card : RM3000



Cash in hand
<RM2k


The thing is....every month I am suffering to secure my cash outflow...

pls save me! I think I going broke soon !!!

I believe unless you are married, you should not support your partner too much (monetarily). It is unwise to do so, IMHO. Better give excess money to family or charity

This post has been edited by y2kfirewalker: Mar 3 2011, 12:19 PM

1st order of business, clear off your creditcard (18% interest) with ur cash in hand (-2% inflation)

I really respect young ppl nowadays, relatively poor but can buy car for girlfriends!!! No wonder when I was young cannot get girlfriends coz I too stingy

This post has been edited by rakyat: Mar 3 2011, 01:21 PM

You are clearly living beyond your means.

Dump your g/f... even if she looks like Claudia Shicffer, still dump her. She is eating your finances alive. Put it another way... you cannot afford to have a g/f or wife.

You have to let us know what is your inflow (salary or equivalent) and the total monthly outflow (fixed overhead).

Xuzen