Good luck in the working world, my young friend. The working world is never what you think it is, your big words and as you said it : talking too much, will haunt you when the going gets tough. However, you might get it easier if you joined your father's company.

Mark my words. End of comments on you !

This I concurred. I decide not to join my fathers' company in Sarawak when I graduate, and that why I develop my business in Sabah. With all those years of blood and tears, it ain't easy and certainly not for everyone I would say. During those difficult times, how I wish I would have joined him and expand his business (Start with RM 100 you can easily earn RM 100, but start with RM 0 to earn RM 100 it is not that easy). And lucky me that I've being persistent in my decision to develop my own business.

Angel On Fire,

I have insurance from my job.  Beyond that I am self insured.  When I retired, I may buy critical illness insurance.

I prefer to buy insurance company and make money from people buying insurance as opposed to letting insurance company make money from me.

At my level, in most cases, insurance are too little and too late.

Dreamer

Awakened_Angel,

1) P&C.

2) Why does it matters?? I have ENOUGH for my own purposes.

3) You should be focused on how to achieve YOUR OWN GOAL.

Dreamer

Awakened_Angel,

I had told you.  Most of my money is in these 2 mutual funds:

http://finance.yahoo.com/q?s=VSMGX

http://finance.yahoo.com/q?s=VWELX

Dreamer

I was graduate as Quantity Surveyor and I had to choose between going to Nottingham to get my degree in QS (got a full scholarship program with Yayasan Sarawak) or work with my dad or start on my own career. I choose the third, and yes it is bloody hell hard work, but as I've said it... It's worth it.

I didn't take the scholarship. Rejected it, and go to Sabah to work for a contractor and developer company. Then after working for a few years with both companies, I came out as soon as I spot an opportunity.

Anyway, I think we are off topic.

Nope I didn't. Just got a Diploma. But I intend to finish my education some day, project management. Should be easy for me, I hope.

I've refrain myself from disclosing my net worth in the 1st place when I saw this thread, and I don't intend to do it now.

Folks,

I am a 60/40 person.. 60% stock and 40% bond person.

For those people interested in my holdings:

1) VSMGX is a fund of funds.  If you can open a Vanguard A/C, you can invest on it.

https://personal.vanguard.com/us/funds/snap...&FundIntExt=INT

1.      Vanguard Total Stock Market Index Fund Investor Shares  34.8%
2  Vanguard Total Bond Market II Index Fund Investor Shares†  30.1%
3  Vanguard Asset Allocation Fund Investor Shares                  25.1%
4  Vanguard Total International Stock Index Fund                  10.0%
Total  —  100.0%

It is usually a 60/40 fund.  It consists of index funds.  The asset allocation fund is a timing fund that move between stock index fund and bond index fund managed by advisor.

You can check the performance on Vanguard or anywhere.

2) VWELX is a low cost active managed mutual fund.  It is the OLDEST mutual fund with 70+ years of history.  It is 65/35 fund.

https://personal.vanguard.com/us/funds/snap...&FundIntExt=INT
3) A person can open an USA brokerage A/C and buy Vanguard ETF.  In those cases, they just need to buy VTI (US stock), VEU (World Stock), and BND (Bond index) to start doing asset allocation...

4) You can construct various version of this Lazy portfolio depending what number of asset classes that you want to follow.

http://www.marketwatch.com/story/five-lazy...io-strategies-a

Dreamer

Age: <30

Occupation: Developer/Contractor

Marital Status: Not Married but got GF

Asset(s):

1) Housing :
a) Apartment (where I live now) = Fully paid
b) 2 units of Double-storey terrace = Contra

2) Car = Prado King and Toyota Wish (personal)

3) Investment (posted before in LYN, so nothing to hide also)
a) Land Bank = 5,040 acres in total (some are personal, some are sharing)
b) Commercial buildings = 1 warehouse (personal) and 1 shoplot (sharing)

4) Cash in hand = ???

There, I post it. 

a) Land Bank = 5,040 acres in total (some are personal, some are sharing)

Awakened_Angel,

You DID NOT study what I am posting.  Follow the link to learn more.

VTI is the 2,000 largest public listed companies in USA.

VEU is the 2,000 largest public listed companies outside of USA.

https://personal.vanguard.com/us/funds/snap...&FundIntExt=INT

I invested the WHOLE WORLD.

The CORRECT question to you is why are you only investing in a few countries.

I have 5% to 10% on PBBank, VGSIX / VNQ too.

Dreamer

1) Me too. Only my personal car are paid by me. Others four wheel drive (pickup) are purchase by company.
2) I deem the land to be in West Malaysia. I don't invest there as I've no information about the land there. Don't know whether it is worth invest or not. 
3) Location? If it is withing <20km from Kuching city, then the price should be around there.

Commercial net worth = Include what?

As long as one is free of debt, able to save and invest. Then life is better than good. 

So what is a good networth for a person age 35 and 40?