cheahcw2003,

1) A TRUE Malaysian HATE what the government done and still doing  to the country.  So, are you a TRUE Malaysian?? Or, a government supporter??

2) Anybody that is WEALTHY enough should PROTECT their wealth from being destroyed any single country. 

Dreamer

cheahcw2003,

<<i dont think we should channel out so much money outside>>

This is based on what kind of reasoning??  I had stated mine.

A) I BELIEVE Malaysia's economy is heading to a crash over the next few years and may NEVER recover.  It is NOT SAFE to keep money in Malaysia.

B) My children are going oversea for education.  That is the LARGEST PORTION of expense that I will have in future.  I do not have any more large expense in Malaysia.  To protect against FOREX risk, my money need to be in oversea.

C) I am boycotting Malaysia because of NEP.  I have a CHOICE and I choose to make a stand.  I refuse to invest on companies that are 90+%.  I refuse to invest on companies that forced my friends and families out of the employment and business over the last 30+ years.

Dreamer

I think some ppl who have posted their net worth here arent telling the truth. Its silly to see someone who earns so high and yet believes in putting tonnes of money in FD. For what? Plus some have so much money sitting in FD so why bother taking a car loan? U get about 3.5% in FD and then take a loan and pay 3.5% to the bank. Does this make sense???

Some say they earn 500K per annum but then keep almost 300K in gov bonds and FD but only has 1 house as asset? Anybody who knows investment well enuf will know that u should invest in property especially in prime areas e.g Damansara, TTDI, Bangsar, etc. Plus you have 2 Japanese cars with an outstanding loan of 40K for the next 3 yrs. U earn 41,600 per month so u can easily pay off the loan with about 1.5 months salary and save a little on the interest rite? So why dont you? He has a 700K house whcih is fully paid up but he decides to keep a 40K 3 year loan active despite his RM41K/mth salary???

On top of that, he claims he pays 40K premium for 4 members of his family. A person earning 41K/mth can only afford to pay RM 833/mth/pax for insurance? Most insurances now have the investment tagged to it so the more premiums you pay the more its invested for you and yet this guy only pays RM833/mth/pax?? But ke keeps RM110K in FD with rubbish rates?

I think this is all bullshit. Common guys. If u wanna share then tell the truth la. Why need to boast and increase figures just to prove what? Ure only using a nick name here. Nobody knows you. So just tell the truth.

Anyway the following rough figures are mine. Nothing great but im working on it.

Age: 32
Job: Engineer
Married with no kids
Income: RM168,000 / annum

ASB: RM 255,000
EPF: RM121,000
Gold: RM 60,000
Cash in hand: RM22,000

Property (prime area) purchased at 475K in 2009 but worth 680K now (based on recent transactions)
15 year housing loan to finish in 14 years or earlier if i choose to.

Japanese car worth 45K now but loan paid off in full.

Currently paying insurance premium of RM 1100 / mth