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 How much is your net worth?, gauging your financial performance.

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OMG!
post Apr 10 2011, 10:19 PM

Raymond
******
Senior Member
1,397 posts

Joined: Jan 2009
From: Peaceful Island



QUOTE(qpalzm87 @ Apr 10 2011, 01:47 PM)
Age: 24
Occupation: Student (graduating in May '11)

Assets:
FD- 111k
Tabung Haji- 130k
Sukuk Simpanan Rakyat(gov bond)- 50k
Sukuk 1 Malaysia(gov bond)- 50k
Invest some in swiftlet farming- 10k

Liabilities:
Japanese car(market value 50k, fully paid)

Once I start to work, I plan to move my FD monies into tabung haji which distributes dividend around 4-5%. However, is that a wise thing to do?

Plan to dump the bonds into mutual funds once the bonds mature. Again, is that a wise thing to do?

Am planning to buy insurance/takaful(life & medical) but with soo many choices around, I've got no idea which to choose from.

Kindly advice and thank you in advanced
*
rclxms.gif Salute you and at the same time wondering the ways where u could have saved plenty of money for FD, Bond etc...where u manage to get or earn the money source from?
OMG!
post Apr 11 2011, 11:09 AM

Raymond
******
Senior Member
1,397 posts

Joined: Jan 2009
From: Peaceful Island



QUOTE(qpalzm87 @ Apr 10 2011, 11:43 PM)
Yes, most of it comes from my dad. I only managed to save up to 22k for 3 years ever since I started my degree.
Speaking of properties, many new housing developments(shah alam, klang, putra heights) are priced at 400k and above.
I don't think I can afford one with that price tag just yet, which makes me depressed.
*
22k for 3 years wasn't really bad, are u under scholarships or u work part time during your break?

 

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