what if i already have rm 10k inside my bank now and what to do next? investment? i want to do some investment here but not sure what to buy. is it mutual fund or unit trust good?

Here there I hear people say that "don't put in FD, inflation will kill your money".

Heck are we another Zimbabwe or what? Does the value of our money losses exponentially?

Then everything inflation then no need save money loh. Got what spend what. Wah, baguslah ekonomi baik! Ada duit rolling in the economy!

Doesn't forking make sense!

Be reminded that banks pay an amount of interests rate to you as a counter to inflation.

what they mean is, yeah, they do give interest rate, but the interest rate is lower than inflation rate, or just equal at best.
in which case, you only use FD as a parking lot for your money, not as "investment"

I guess on top of this, u should start to think of giving money back to your parents. (people just go into working forces will ignore this, but it is a responsibility that u should bear..)

Since u mentioned about petrol, assume u have a car, u should put maintenance or instalment in the list.. seems like some miss-out items there lar..

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Added on October 30, 2010, 1:32 pmone more thing: no rental?



This post has been edited by epalbee3: Oct 30 2010, 01:32 PM

Better than nothing loh. Everybody wants investment but with no proper research or study.

Ended up burned out or rugi then start from scratch again. Better save than sorry in these hard times.

yeah.. the payback loan for the car has been settled. i am living with my sis now..

Hi, give some opinion about . . Here is scenario,

Single, Male, 26 yrs, non smoker

Income 1.5k SGD / 3.2k RM

Minus rental fees 300 sgd, utilities 150 sgd, monthly use abt 350sgd. the res convert to rm get about 2k plus, here is..

In 2k plus, minus below

Insurance 200 mth
Retail purchase installment left over 1yrs, 200 mth

No other spending, actual saving 2k RM / mth, can anyone comments how make to money work hard for me?

BTW, personal financial hired, prefer HSBC Thanks

This post has been edited by yuunasue: Oct 31 2010, 08:51 PM

u got wife? kids?

Nope, but consider buying house approx 100k will do.

erm, 1500-300-150-350=SGD700
SGD700=RM1600-RM1700 700x2.3=1610

How come u say 2k + and how come can save more than wat u convert cos RM2k= SGD870

Or is it ur salary 2.5k SGD

hi PPZ,

If you don't know much about investment stuff, you should put your hard earn money in FD. Try to learn and know what kind of investment in the market, their risk and return, and know how to compute the return, then only you could make your 1st step to invest with a small amount to gain experience. After gaining experience and you are comfortable with the investment tool that you engage, then only start to invest more.

Hi yuunasue,

With the saving of RM2K each month, I believe the house cost RM100K is affordable to you, assuming that you borrow 90% loan and have at least 3-month emergency funds in FD. If you plan to rent out some of the rooms in the house and collect rentals to pay part of the house mortgage, it's even better.

I've been a very bad boy (financially) this year. I've spent a lot on electronics and gadgets, I think around RM8,000 on phones and a laptop. Really need to curb my expenditure. Last time I didn't give a damn about phones. Used to use the same one for 4 years or 2 years at least. Now I like to keep trying out new phones.

I hope I can at least stop myself buying any more fancy electronics until next year.

why don't stop now ? why have to wait till next year ?

That's what I said. I'm trying to stop purchasing any more phones until next year.
But so many nice phones released around this time.
I know what you're thinking, why does anybody need more than one phone? Problem is I like switching phones depending on my mood.

If you keep on doing what you've been doing, you'll get what you've been getting.

If you enjoy the phones more than having money then by all means, be happy

hi people, wanna ask ur opinion here.

if in my case- i have 30k in account
im 23, still studying and will grad after a year.
i've no debt and assest, nothing on me.
the money comes from a will.

what im asking here is,
what u people will do with such amount of money.

im thinking of investing but i know nothing on it plus im still not working and dont have monthly income.

any serious opinion?

This post has been edited by insidedown: Nov 1 2010, 06:20 PM

Since you have no working experience and lack of investment knowledge,i suggest you better use the money for FD or ASM etc.

im sorry, what is ASM?

Amanah Saham Malaysia.

In any case, I would like to ask, I am 23 this year and just started working for barely a year. I save about RM 1,000 per month and would like to 'invest' it and not just have it in my savings account.

I hear that the safest options are FDs, unit trusts or mutual funds or some forms of shares. What should I be looking for and I know I will have to read up to know more but there are so many websites and/or books. Mind recommending a few that I could pick up and read?

Like today I went to MPH and I found several 'secrets' to success. Secrets of a young millionaire, secrets of a student millionaire and so on and so forth. I don't know who to trust or what to read especially for someone as green as me.

Your advice is appreciated.