Am thinking to sell One of the property with MV around 250-280k (purchased few years back)
1) it is a leasehold unit completed back in 2000s.
2) quite frust with the maintainance required thru out the years.
3) have steady tenant tru out the years and the rental can cover 90% of the installment. So got to bear the rest and maintenance fee.

Afterall if liquidated i do not know what to do with the cash.
Couldnt make a decisive punch for the property above.

Hope to get some advice from sifus here.

Impressive!  Congrats! 

I've read through most of the replies in this thread and I'm impressed by the civilised, measured and mature responses. I'm encouraged to share my own story - and perhaps I'll look back in a decade and reminisce where I was, and compare and contrast to where I find myself then. Here's my own journey:

Age: 50
Occupation: Consultant Specialist Physician in private practice
Status: semi-retired (I spend 6 months in Singapore working, another 6 in Sydney to relax)
Income from work: variable, as I run my own practice

Assets:

1. Fully paid Properties in Singapore, Australia and New Zealand

2. Multiple Investment Grade bonds in Singapore and Australia – average returns 5% per annum

3. Multiple Structured deposits in AUD (higher interest, tax free as jurisdiction of issuance is in Singapore) – average returns 4% per annum

4. Insurance annuities (combined) SGD2,000,000 - payout will be SGD10,000 per person, per month upon reaching 65y of age
CPF savings (combined) SGD1,500,000 – Ordinary account returns 2.5%, Special account 4% - payout will be between SGD3,000 to SGD3,500 per person, per month upon reaching 65y of age, but I can withdraw the excess (leaving just the "enhanced retirement sum" behind in the retirement account) - so potentially, I can withdraw a combined total of SGD900,000 upon reaching 55y old

5. Legacy ‘Life insurance’ plans SGD1,000,000

6. Fixed deposits of SGD, AUD, NZD, RM, £ and HKD – average returns between 3 – 4% per annum

7. Savings/current accounts in SGD, AUD, NZD, RM, USD – average interest is 2% per annum (this is my ‘war chest’ where the income & returns go, to be reinvested. It’s a holding account & also acts as my emergency fund)

8. Cash in hand values of SGD99,000, USD10,000, £2,000, HKD100,000, ¥3,000,000, RM3,000, AUD2,000 and NZD1,000

9. Passive income of which the vast majority of which is reinvested

10. Inheritance from parents: dollar value 0, but they invested heavily in my education while they were still alive, and my mother saw to it that my education was her priority. The value of that early investment: priceless

Liabilities:

2 vehicles in Singapore, loan-free: the Macan cost me SGD380,000 & her S450L was SGD608,888 when new

2 vehicles in Sydney, paid for in cash: the Cayenne cost me AUD180,000 and the 911 Carrera GTS was nearly AUD400,000

Usual monthly outgoings around SGD25,000 (Fine Dining, travels, discretionary spending etc)

Income, rental and property taxes in Singapore and Australia and property & rental taxes in New Zealand.

Ok. So 25k covers everything. Now that makes sense. And your interest basically covers all 25k I assume.

Which is your fav Michelin restaurant?  Flying business class everytime you fly?

Age: 36
Job: Tech
Salary: 22k

EPF: 530k
Overseas Shares: 200k
Crypto: 40k
House: Market value around 400-500k now, around 150k loan to pay off

I didn't manage to save up a lot sadly due to having to help out my family over the past years. Hopefully I can build up some more savings soon (not married yet)

If you count inheritance:
1st prop: 500k (1k+ rental)
2nd prop: 150k (600 rental)
3rd prop: not sure of value (600 rental as car park)
Around 400+ k in shares

I hate relying on the inheritance though. Feels like not something I earned.

I also inherited quite a substantial amount - more than what i earned in my career. One property in Sydney and one in Bangsar Baru.

I went over to Sydney in 1981 and my parents had a 2-bedroom unit at Clovelly Rd, Sydney which i inherited very late. I had to pay my parents rent (they were living in KL) when i started to come out to work at the Sydney Uni (just some token rent).

I am the youngest in a family of 8 (half family siblings in Sydney) but because i was the youngest, i was given the bulk of inheritance because i have been very generous with helping out (my wife absolutely hates me giving money to my family but somehow i got rewarded at the end). Now i am helping out my spinster sister (74 years old living in the Bangsar house which i inherited). Some of my siblings are not happy i got so much while some got nothing (they were very selfish and olny want to help their own children).

Sometimes i tell my wife why i have been quite lucky in life (is it because i am lucky or is it because i got good karma). My wife has always not got on with my family so this makes my life very difficult but i have already 61 and i am so glad i don't have kids otherwise i would probably have killed myself as my marriage had not been smooth sailing.

Didn't want to post this info about myself but after reading so many 'interesting posts' here thought i like to share. My life is nothing to brag about (already 61 and can't see very well due to glaucoma) but i just want to say that sometimes inheritance falls into our hand due to the good deeds we have done earlier in our lives.

A good agent will tell you expect zero returns from ILP. I got a shocked when I heard zero but then it make perfect sense. 2-3 agents also told me the same thing even those not commission based.

Even if you pay your premium until the end of your insurance, you will get zero back.
Reason is medical insurance cost > returns generated. When medical insurance cost more than premium paid, they will minus from your investment part to keep the premium "constant". There will come a time when say your medical insurance cost say RM15k, you are only paying RM3k in premium and your investment only generate say RM1k. so they will minus RM11k from your investment. Keep doing that and eventually your investment pot becomes zero. That's when if you don't agreed to the increase in premium, the insurance will lapse as you are only paying RM3k and say cost is RM18k.

Of course they push for ILP. A sustainable ILP until age of 70-80+ require premium of RM3600-4000/year for someone 30 years old. Standalone only cost say RM1300. Eg both earns the agent 40% in premium, which plan will generate more money into agent bank account? Obviously the ILP with premium of RM3600-4000 Vs the standalone one right?

Premium will be low for standalone but eventually it will increase with age. Cannot run away. Plan for it. Allocate enough money for it. That's what I am doing. That is why I said I am able to pay my 80 years old premium with my passive income today.

If one does not know how to invest, just dump into EPF. EPF will beat majority of the ILP funds. Alternatively if want higher returns just get a S&P500 etf from UK.

Just sharing my portfolio

Age:25
Salary: 67k + allowance 12k + incentive/bonus 41k

Asset
Cash: 3k
FD: 30.5k
ETF: 117k
ASM: 22k
Total liquid asset: 172k

EPF: 32k
PRS: 2.5k
Total asset with epf: 207k

Liabilities
Car loan: 42k left
Ptptn: 26k left

I know I'm doing slightly above average, but seeing many here business owner with millions , it really makes me think business is the only way to wealth. Drawing salary and invest in etf is way too slow.

=================================
New chapter of my life.
Typed @ 22.4.2024.

Career wise :
#ExitKKM

Regardless of the so called "iron rice bowl" given by the government, i decided to resign due to shitty pay, idiotic bureaucracy, toxic environment.
Letter written to Head Of Department after CNY - resignation letter done and enforced on March 22 2024
Joined a private team on the same month itself.

Previously, KKM salary is quoted approximate MYR 16 to MYR 18 per hour (Base salary + Oncall claims ) ---
You can say now i work less hours, and earn much better bucks - now i'm eligible for certain Visa Infinite credit card now.
(previously slavery at KKM can't even entitled for Visa Signature LOL)

Age : 30
Single

Assets :
ASM FP : 204k FP - done, will let itself roll .
Stock : 41k --- still at minimal loss, small cap is shit, surprisingly banks and TENAGA make good runs.
KWSP : 77k
High-liquidity MMF : approximate 70k
PRS : 6k - just to avoid paying MAHALDANI tax LOL

Target 1 (ASM) - completed , exceed target by 100% - done and dusted.

Target 2 (first property for investment) - scouted, reason for the high liquidity MMF is to prepare the 10% deposit for the housing, estimated completion time 2028, pending S&P signature.

Target 3 (stock) : fuck Bursa, scouting SGX for S-reit and SGD priced securities.
=====
Dooddads
same old Myvi, same old phone, same old Laptop

but i think i gonna do some upgrade on my phone and lappie coz ... it's time. My phone recieved notification that Rize will stop support my phone soon (they gonna support Android 11+ only LMAO)

some people never think of the home loan interest they paid over 30+ years hahahaha

actually no having owning both asset class. owning hard asset like property have a lot of hidden cost and in a way its not passive. u need to work renovation, find future tenant, lawyers, etc. The reward? its so small and high chance u will lose money. U are taking up a lot of risk.

Stock dividend i can literally sleep and take it. the real definition of passive cashflow

Er. Not everyone that lucky. I got one friend for 3 property, telling me she is net negative. Tenant rent cannot even cover the loan payment. She needs to fork out own money.
Some stocks can close eye. Just keep an eye on their earnings. I am talking overseas stocks Vs Malaysia based.

why don't you compare your own property to give a better example against bluechip stocks at the same time.

S&P Agreement date = price stocks of MBB

I used your 4.7% yield as an example it translate to RM28.2K/year Not sure how u get 133k. Your Loan will be approximately 25.2k (im using average loan 4.25% based on 450k). Maintenance? Cukai Tanah? Cukai Pintu? Renovation? Your cashflow is 3k/Year and u havent deduct so many things. and u already paid up up front capital of 50k.

Lets use maybank as example. I take a business loan at 4.25% for 35 years. Yield 6% 0 upfront capital. 500k x 0.06% = 30k. 30K-25.2K = 4.8K nett free cash flow i dont have to do anything. Over time the difference will compound.

The trick to growing wealth is having free cash flow and reinvest it overtime it will compound. Yes your property will increase in price but you are likely suffering from negative cashflow over time. Factor in periods where there are no tenants, damaged item, cukai, renovation, etc many more. Is the risk justifiable?

why don't you compare your own property to give a better example against bluechip stocks at the same time.

S&P Agreement date = price stocks of MBB

how can 4.7% yield beats 6% yield ? ???   

My stock portfolio is my collateral and I have property.

everyone has their own investment philosophy... not right nor wrong. but it's good to have healthy debate on it.
for newbies to evaluate

I actually have long term loan at 4% I won't share u in detail. What I can say if you are bankable u have a lot of competitive edge. And this is just one I have credit line in my trading account