My exect sentiment..... or use big part of the $$$ to invest in higher yield vehicles. But the most logical move is to clear your existing liabilities 1st

Rich parents kuah..... lets get real in M'sia nobody makes RM300k during their 1st 3 yrs of working (put things in perspective - the starting pay of an engineer is RM3k)

How come sooo many high networth ppl around lyn??? Sumore dunno bout private bankers or wealth mgmt???
I never heard of businessmen with lotsa epf nor 20+ yrs old with lotsa epf???

I think bankers will contact u personally (like visit u in your office/ home)to offer wealth mgmt services if u have RM500k in your account or draw salary of RM50k per month

This post has been edited by rakyat: Jan 26 2011, 03:20 PM

CEO or GM within 3 years!!! Like I said, if really CEO or GM means got steady & fixed income in bank account. The private banking or gold-club or priority banking department would have been red-flagged and some1 would have contacted him.

Put it this way, I earn bout 15% to 20% what he is allerge to pull in and I have been invited.

This post has been edited by rakyat: Jan 27 2011, 02:54 PM

If u pull in RM350k per yr it is really difficult to give it up (assuming you r a salaryman).

Unless u have an alternate income source i.e. business or passive income, most ppl will continue until 'forced out'. In fact most will retire at 55 yo and then come back under contract coz the money is too good

The other guy with a business (126126) generating RM700k profit and thinkin of retirement at 35 yo If u have a business what retirement u talking bout? Sell out/ cash out? U feel money taste bland oredi-ah?

BTW RM700k profit @ 35 yo wow!!! U r doing better then some public listed company infact I would not be suprise that u r nominated to be young entrepreneur of the year. Waitaminute u r one of the top developer's children interviewed by the Edge recently Hopefully u were not the stupid sounding 1

This post has been edited by rakyat: Jan 27 2011, 03:09 PM

Pls tell us more. Your x-roomie very keng. He got take care of u or not? Mayb give u some franchise?

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Added on January 28, 2011, 9:02 amNo-la not sour......

On the contrary I build my career advising SMI/SME on how to hedge their business risk. I oso count on some of the PLC as my clientele. My hobby is oso to analyse PLC track record and accounts.

That is why I'm abit skeptical bout a 35 yo RM700k earner that no-1 in the corporate world heard (no private banker???) of asking for money advise from a social network forum.

This post has been edited by rakyat: Jan 28 2011, 09:02 AM

Car loan interest of 2.7% is not effective rate, more like 4.X% as interest is calculated on total loan amt as oppose to reducing amt. Hence u r better off paying off your car loan then keeping in FD.


BTW, ur GF really lucky.... must be 'model like' for u to sayang so much!!!!

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Added on March 1, 2011, 1:54 pmTop up your margin, might have chance to break-even or even abit profit within this week

Forget bout ptptn, there is no penalty or late charges. Treat it as long term loan since the interest rate is lower then housing loan (is it 4%???)

This post has been edited by rakyat: Mar 1 2011, 01:54 PM

In simple terms - auto loan calculate the interest on the total loan amount muiltiplied by the tenure of the loan. The interest amount does not amortise to the remaining or o/s principle amount. Interest amount for the 1st installment is the same as the interest amount for the final installement. Auto loan interest of 2% in actual fact (effective interest rate) is 4% or 6% depending on the tenure (longer = higher effective interest rate)

HL interest is calculated on the remaining or o/s principle amount. Every progressive installment, interest amount will be lower (as principle amount is reduced)

1st order of business, clear off your creditcard (18% interest) with ur cash in hand (-2% inflation)

I really respect young ppl nowadays, relatively poor but can buy car for girlfriends!!! No wonder when I was young cannot get girlfriends coz I too stingy

This post has been edited by rakyat: Mar 3 2011, 01:21 PM

Forget bout your car loan (its actually a lease since the interest amt remain constant) it is a mistake u have to live with i.e. you do not save much by early settlement.

FD rates r lower then 'real inflation'; don't tell me u believe the crap bout 2.2% inflation? Check out petrol, hawker price & housing

ASN - your name indicates that u r not eligible except for the non-bumi portion which give relatively lower returns and got quota (normally sold out oredi) but if got xtra cash and can get without q'ing then okay I guess.

Housing loan - should be the best bet; 4.1% does not look like much but using an amortisation table and look at how much saving RM30k bullet payment will mean to a 30 year loan!!! Close to RM60k? Plus u can withdraw the excess payment in case of emergency (assuming you opt for flexi or semi-flexi loan)

Shares - abit risky for noobie but potentially high returns

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Added on March 4, 2011, 10:25 amBro, U only live once - if look like Claudia then very worth it!!!! Heck, I will surrender my whole monthly paycheck to her (at least for a few months, after bored oredi then AA or highway )

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Added on March 4, 2011, 10:27 amThat my friend is the secret to a long & blissfull married life

This post has been edited by rakyat: Mar 4 2011, 10:27 AM