Yeah - getting "too comfortable" is dangerous. Have to be "a bit uncomfortable", thus know that i'm still learning VS comfort zone danger

Thanks bro for the link - definitely will go through it.

Yup yup - wealth and knowledge shared, grows. Funnily - some of the very few things that grows when shared properly

My net worth is 10k only

because U held the rest of your assets in Trusts and Proxy issit?

This is my pathetic account balance as of today




I AM SO DAMM POOR!
Can borrow me some money, wong? I really pokai already

This post has been edited by Bonescythe: Sep 7 2011, 05:42 PM

Hard to believe that leh Bonescythe, you seem quite knowledgable on stocks, UT and props. Your net worth should hv been much more than that

But my account show otherwise.. Broke liau..
Hahahaha

First time in 3 years my account showing this kind of figure
Woots..

Aiya - i got an MBB a/c with $8+ only too lar.
U ar.. must send U to a health centre and massage (press) the truth out of U

So u not going to borrow me rm10 for my dinner tonite lar..
Sigh, need to eat grass..
Hahahaha

Greens are good for bullshitting leh - good for digestion, thus it comes all out properly

Thank you.. Good compliment.
I will continue that

Nice website there... and and.. i kinda picked-up that there was some "big fallout" here in LYN in the similar interest area.
Interesting... i'm a newbie here in LYN. Yar - lots of post but look at the donkey date i "joined" heheh.

Arigato gozaimaz for that website bro Phoeni_142

pity my bro bone.u come johor bahru i treat u eat lah

I'm not into paper assets. So i guess everyone has their own fear and comfort zone.

Take bus also not enough money..

---

Added on October 2, 2011, 6:52 pmI am 21 years old, currently a student studying ACCA, i would like to share with u all my net worth as at 30 september 2011. Would glad to ask all of the sifu here whether i have made my money work hard for me. all of my funds is from savings and some finance through my part time job during holiday. pls give me some comment. thanks.

I am not come from a cash rich family background, all the money accumulated is from my frugal savings and hard earned from doing waiter and shopkeeper part time job. Recent stock market dropped alot, i not sure whether it is the time to invest more of my fund in equity. besides, i also thought of investing in public mutual equity fund, which fund u all recommended?

few days ago, there is a maybank staff approach to me whether i want to take up any ASB loan, but the market is quite volatile, i am nt sure whehter BNM will raise the BLR, there is a risk for me if i cant commit the monthly loan payment on time. Hope mr wong mun keong can give me faithful advice. best regards.

Financial Assets
Amanah Saham Bumiputera (ASB) ...................................8,077.76
Employee Provident Fund (EPF) ...........................................281.00
Bursa Malaysia Stock's Portfolio (based on MV)
OLDTOWN .........................................................................920.00
MSM .................................................................................466.00

Total ..............................................................................9,744.76


Current Assets
Cash & cash equivalent
cash at public bank debit card ............................88.29
cash at cimb bank atm card ...............................72.22
cash in hand .....................................................57.85

.........................................................................................218.36
Net Worth........................................................................9.963.12

This post has been edited by bursalchemy: Oct 3 2011, 05:34 PM

Buy ASB. Stock market are not for you.

agree. Get ASB loan if possible. Do not know whether u qualify since u are still studying..

Yes, start with ASB.

I'm impressed with the younger generation today - they know how to start early.

should i diversify some of my fund to public mutual equity trust?

besides, if i take up ASB loan, i have monthly commitment to repay the loan, i can roughly save about rm200/month. what would be the tenure of financing u recommend? will BNM raise interest rate in short term?

if i take up asb loan, which bank will give better incentive? maybank, cimb bank or rhb bank?

thanks for ur advice. =)

I like what I see. Focus on ASB first. Loan or no loan I think you have a good view already. If you do want to take loan, to minimise the risk I suggest you take the minimal tenure.

You are not efficient enough to grab stocks (since your wealth is still small), but I like your early exposure to it, it show you are willing to learn. Focus on learning with minimal exposure on stock. You have plenty of time as you are still young.

Build a good based with ASB, then when you are ready, you will have both the money and experience with you.

Good luck.