Bro, thanks for your feedback.

If you read properly, i didnt say all my props are rented out. Not all investments must generate 10% yield like what some forumers aim for in the prop thread. There are also investors who invest based on capital gains (read landed or land) whose yields can be <2%. Also, dont u need a roof to cover your head? Obviously your own stay property will not generate income.

If you are a property player, you will also know some purchases made in the past 1/2 years are under DIBS. No instalment is payable until completion. Again, did i say all my purchases are sub-sale and instalments start immediately?

Chill bro, this is just a forum. Am just looking at feedbacks.


OK just saw that you mentioned I am a bad investor. Care to share how you would do things differently? 

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Added on January 25, 2011, 10:53 am

Yes its all in MYR. I have the same plan for retirement, ie income must cover expenses. Hence if I m really going to retire, i will have to liquidate all the props (except the own stay one) and invest in high yielding condos and safer investments.

I seem to think that the cash portion is on the high side, but i do not believe now is a good time to park money in the stock mkt (Bursa anyway). Anyone has a better use of this money? So in essence, its now indirectly being used to pay down the loans, hence indirectly yielding me 4%+.

Came here because i have seen some good advise given by forumers.

My UT is very minimal. Around 20k from those old days when we save whilst we are still kids. Amanah saham etc. the rest are on foreign currency FDs. I personally do not trust UT consultants. Why? Because they all have vested interests. They want you to invest so that they can take a cut from you. Which is why if i buy shares, I buy directly from the stock mkt. I guess the same can be said for insurance agents. Actually i dont have much insurance at the moment. premium max 5k per annum. I believe possibly the type of insurance i need to buy is perhaps health insurance? Pls correct me if I am wrong.

You are absolutely right on the Bursa blue chips. I believe u cant go wrong when the index is way way down.

I have read about professionals who supposedly give sound advise on how to invest. I do not know how good these ppl are, but if they are so good shouldnt they be practising what they know instead of charging you to teach you?

I have yet to see a good UT/insurance consultant. So far those i have met have not impressed me. Maybe it also has to do with the standards I expect from them. Some of those fellers are all showy, nice car, nice watch, nice everything, but knowledge is zero. Will is done but insurance bit i do not think its inadequate. Maybe you can enlighten me on how much insurance i should buy and why so?

Foreign currency has given me some small gains, particularly AUD. The rest are performing so so only, esp GBP and EUR, since it has dropped, but climbing up again.... Overseas prop to me is similar to Malaysian prop. At least i m familiar here. Over there you need someone to monitor for you, maintain, etc. Not easy unless you travel there often and know everything inside out.

Dont go for those UT consultants. I have not met a good one either. You are considered high networth person. Go for those dedicated fund made for high networth people, those that require at least 1m to join. You pay them 1% fee, and they do take profit sharing from u if the fund performs above certain percentage, eg7-8%. More motivation for the fund manager to do well! There are a few of these funds around in Malaysia.

icap is one of them. Hedge fund can be dangerous, and u have to know it well. Usually they are very secretive with their operations, and that's why i avoid them. Some of the funds in Malaysia which invests overseas are done by very good financial analysts who also managed their own personal funds. A small number of them give 50-60% return the last 2 years.

The other way is to join private banking. They can give u good deals they dont give to public, etc private placement, IPO. And they can arrange for u to meet companies CEO locally and overseas, so u can talk to them and ask them for private placement, and maybe who knows, getting privileged information..

haha.. facebook? the ipo is going to be huge? big elephant cannot run! look at Petrochem!

Actually earning 700K per annum is consider Ok in Malaysia.

My ex-roommate during University time which is an IT geek currently earning RM1-2 million per month. Currently, he owned 11 properties which is some located at NZ & Australia; also he owned 7 cars  ie: BMW X6, Lambo Murci, Porsche Panamera, Hummer H3 etc. He is only 29 years old this year.

Too Bad, he is in illegal business so currently he is busy entertaining all the "Declaration" Letter from LHDN, Bank Negara & recently Kementerian Hal-Ehwal Dalam Negeri also want to belanja him drink coffee at their Putrajaya office.