Just wondering whether do you include your own residence market value (fully owned, no outstanding loan) as a part of your net worth?

Yes. All insurance have that clause but based off what 4 agents told me (both AIA and GE), all tell me the same thing. ILP is the one which always experience the increase and as far as they worked standalone increases always follow the table.

4 different people from 2 different company is good enough for me.

If you do your own research here and Reddit, you will see what they say is true. Those affected are those with ILP. I read through 5 years back of posting.

3 years has past and I would like to review on my personal financial progress.

My last post was in August 2020, in another topic


and NOW, I'll follow this topic format:

Age: 29
Occupation: Planning & Development Executive
Nett Pay: 4700
Marital Status: Just Married this year

Savings/Assets:
1. FD 25k
2. Rakuten 52k
3. PRS 10k (Topping up 2k yearly for income tax relief)
4. ASM 46k
5. SSPN 8k
6. KDI 10k
7. IBKR - VOO&BND 19k
8. Palm oil Planters' Scheme - 40k
9. OCBC 360 savings - 8k
10. EPF - 115k
Total Assets: 333k

*Had just successfully bid for a lelong unit in Johor with Market Value of 250k, planning for flipping or for rental investment.
Had relocated from Johor to Penang on year 2021, and due to the smaller market for property in Penang my salary dropped by 20%, hence the same nett salary even after 3 years. Been struggling with job finding for around 1-2 years with unstable income (and emotions), just landed on my current job and trying to be settle with what I have right now.

From the past 3 years, I have researched and tried out:
1. Roboadvisor : Wahed, StashAway, KDI
    To which I DCA about monthly, however it fluctuates too much and most of the time the return is below my expectation and eventually by this year when it rises I decided to sold all and withdraw. Only park some of my emergency fund in KDI for its fixed return.

2. SSPN
    Just a diversity of my investment from ASM, however after 3 years of monitoring the interests is lower than anticipated (and I'm not eligible for tax relief since I do not have kids) so I've decided to withdraw all as well and park elsewhere.

3. IBKR : Etfs
    Fund from my roboadvisor are parked at ETFs, planned to DCA as well. I could save on management fee, and for the part 1 year my funds are performing OK.

4. Palm oil Planter's Scheme
    This has been introduced by my family side and with a yearly return of 9% I invested one plot, however recently it has not been doing good and although there are some "Rehabilitation" plan proposed I personally do not have high hope on it. I classify this 40k to be lost towards bad investment.

5. Property
    I have been eyeing for lelong unit for a few years now, joined a few auction myself but only succeed in buying just very recently. Currently studying for Penang and Johor property however due to the Sg currency and rental demand, Johor property have more opportunities for investment. As for Penang, am eyeing for affordable units for our own stay.
Due to the property industry downtrend, and smaller market as compared to KL and JB, I am actually trying to settles for a less hectic job and ty to shift towards IT/Financial field (yes a totally diff field). The decrease in my income and savings has slightly affected my investment plan, but currently the main goal is to settle down and focus on my career path.

Since I just started for property investment, I am considering to get a few more property for rent or airbnb. However, that means I would have higher commitment and most of my money are tied upon the property in which I might not be able to have fast financing in times of emergency that requires a big chunk of money. So I am considering whether stock/ETF investments are actually better than property investment?
Or if there are other advice to me, I am more than willing to learn.

Thanks all for your time!

67K per month? slightly above average? EPF 32k?

KWSP - RM135k
Equities - RM295k
Cash - RM12k
ILP - RM9.5k
ASM - RM11k

Total - RM462.5k

Home MV ~RM470k / Remaining HL RM450k
Car MV ~RM70k / Remaining HP RM70k
* Will exclude these from net asset computation, the MV (slightly conservative) just about covers the remaining loan amount.

Age - 29 y/o

Not sure where this stands but I'm just doing the best I can.

well done, brother. you know what you want at the age of 35 and 40.

remember to give yourself some space, if you don't hit them. we need to enjoy life during the process as well  :thumbsup:

can i ask if your equities are in foreign currencies? and what does the cc mean? debt?

I ady work more than 30 years and no RM 1 million leh.

Not everyone got father mother granparents support leh
younger days, I need to pay for my own education (loan) "your parents didnt pay for your education???" (I get that a lot)
buy my own first car (loan) " your parents didnt pay for your down payment????" (I get that a lot)
buy my own first house (loan) "your parents didnt pay for your down payment???"(I get that a lot)

then need to pay to support family .

but i dont expect everyone to understand because those who never been in the situation, they will never know

An update:

KWSP - RM179.9k
Equities - RM347.9k
Cash - RM12.9k
ILP - RM12.6k
Bond - RM40.5k

Credit card - RM26.9k

Total - RM566.9k

Home MV ~RM470-500k / Remaining HL RM447k
Car MV ~RM60-65k / Remaining HP RM64k
* Will exclude these from net asset computation, the MV (slightly conservative) just about covers the remaining loan amount.

Age - 30 y/o

Target RM1mil net worth by 35, and RM1mil in EPF by 40 (purely from employment, except self-contribution <RM3k p.a. to meet the tax benefit as long as it's available). At the moment, despite life throwing some curveballs (RM40k in unexpected expenses in the last 6 months), still on track.

yup....

but young ppl nowadays thinking also very different... we old folks find new job then resign... they resign first then look for job... lol

more "awareness" because of more information...
too much credit and liquidity floating around...
opportunities of all types... influencer, talk cock, gig econ like driving, delivery... onlyfans    etc

And when all else fails, they still have the ultimate cheat code... FAMA! 

There's also the Wealth Bottleneck generation: 4 grandparents and 2 parents funnel wealth into 1 or 2 lucky descendants