why still need to increase saving? you should be able to afford house downpayment with all your FD n UT.

Age: 26
Occupation: Engineer

Asset
FD: GBP 22k
Savings: RM 4k

Liability
Parents: RM 190k

Cash flow = - 90k

Man, what should I do..

few more year u will say what can i do with the money

You owe your parents RM190k? But what is cash flow - 90k means?

house? Salary? When you asked what should you do, what are your objectives?

Realistically speaking, just wait till your parents are dead. lol

really inspire me = )

I am waiting for the bloody pounds value to rise a little more before i sell that damn currency. Then plant some money into dividend shares and mutual funds. Leave some money and wait till the share market tumble buy a whole bunch of blue chips shares. My objective? to yield 10% of my 100k investment in a year, to maintain cash flow of +100k every year.

I am looking to get a house soon hopefully...

I can pay my parents on monthly/ yearly basis.

I can save max up to 6k a month

So anybody has anything hint whether is it the right time to sell the pounds or to wait ? I am waiting for it to reach 5.0 the lowest before i sell.

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Added on April 29, 2011, 3:39 amRealistically speaking, you should keep it to yourself if you have nothing better to say. There's nothing to LOL about on such a thing. Bloody hell.

This post has been edited by mea05key: Apr 29 2011, 03:39 AM

Illegal car rental business is profitable but very high risks. If your car encounters an accident, the insurance company may not pay as your car is meant for private use and not commercial.

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Added on April 29, 2011, 10:52 amFirst, my personal opinion is the pound may not rise to 5 in the short to medium term (having said that, I am not a currency expert). Savings of RM6k a month is very enviable. Just on a very personal note, to be able to save that much at such age, I believe you are more towards "self employed" right, ie. working for family. But I don't understand the part where you say your cash flow is negative 90k. What do you actually mean by that.

From what i can see, you have quite a healthy financial standing and should have nothing to worry about. Property and share market are very choppy. There is virtually no direction anymore nowadays. Best to invest in low risks low return until the weather is clear.

This post has been edited by michaellee: Apr 29 2011, 10:52 AM

Thanks for your advise. I plan to monitor it for while, it looks like they are increasing interest rate soon which may affect the currency strength. I think I may have a wrong idea about the term cash flow. No, I am not self employed. I have a habit of not spending more than needed except for the past half a year. Yes you are right, everything seems to be in a chaos right now. I am waiting for the big dip to happen again, then pour my investment money into it.

Age: 28

Asset - Free disposable cash of RM250K
Liabilities - None (I dont have a car and property yet)

I plan to dump 60% of my cash into share market after June 2011 and later will buy a property.

Any advice? Thanks.

Um..you are aware that a house costs more than a downpayment?

If 62k still not enuf for downpayment...legal fees...MRTA...then i have noting to say lor...

How is he going to pay the rest of it if anything happens to him

Pay what?

Age =36


Saving = 500K
FD = 40K
Stock= 240K

Loan/debt = No
Car = No
House/condon = No


Wanted to invest properties,but i think now is too high to get in the market

what price you think is reasonable for investment?

As I don't stay in KL currently, I would like to rent my condom (if i have one).

given the condom prices now, most of the return (rental / condom price) is around 5% or less .

I don't see buying a condom is a good choice because many investment can give me a 5% yearly return.


In addition, the appreciation of condoms is getting slow. as a risk adverse investor,
I afraid that i might be the last one "to get on cars"....

I think condo sounds better than condoms.

Btw, why do you put so much money in savings account? the interest is so low. May i know how you saved such a tidy sum of money?

my bad... yeah.. should be condo.

I used to have 600K vested in stock markets.
But the stock markets are quite unpredictable now,
and now the indexes are relatively on the high sides.
Therefore, I am rather holding cash than stock now.

Waiting for another a stock crash

How do u all manage to accumulate so much? I only managed to save 3-4k monthly average...