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How much is your net worth?, gauging your financial performance.
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pool
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 Sep 16 2009, 01:54 PM
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New Member
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Guys - follow the thread starter - here is mine, just take look whether the allocation makes sense and what else can be done thanks
Age: 40+
Occupation: Engineer
Marital Status: married with 2 kids
Income per year: 500K
Asset(s):
House -
RM700k - all paid up
Car (two Japanese car)-
Market Value: RM 130k total Outstanding Loan RM 40k 3 years more
Liability (ies):
None
Insurance:
Life: RM40k (premium per year for family)
Investment:
Bond: RM15k
FD: RM 110k
Government bond/UT: RM145
Share - Msia: RM130k
Share - US: RM400K
Cash in hand
RM90K
EPF
RM840K
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pool
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Sep 16 2009, 04:58 PM
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New Member
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QUOTE(Pai @ Sep 16 2009, 03:45 PM) pool, u've got significant earning power. I think the above doesnt tell us 2 things which is quite crucial, which are : 1. how much can you save every month? 2. What kind of return u wanna get from your portfollio? But have to say I look your portfolio with utmost admiration especially when your car is less than 30% of your annual income. A lot of ppl would have easily gone for Beemer X6 etc with that kind of salary.
Added on September 16, 2009, 3:47 pmu right, the above statement is a falacy. The real statement should be : that prices always go up OVER long term when it comes to real estate1) rm 250 k per year 2) i do not mind 30% for high risk/high return Car? ooh - i go for need, not want. i have a pick-up for weekend excursion/off-road and thats all i need and of course bring me to work KL downtown. my line of work does not require me to see customer so no reason for me to buy luxury cars. |
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