Wow, you have 30k and still studying. What about your study, fully own money, loan or scholar ? What about transportation, possess any ?
If you're under loan, I'd suggest save up for easier to repay later. If no transport, save up for downpayment later after you graduated and looking for a job.

As for me, age 24 and seems unable to save up a lot despite living with parents, so no rental. Expenses are as follows :

Fuel RM 250
Toll RM 100
Lunch RM 150
MBB Insurance RM 41.10
Repay MARA RM 200
Tabung Haji RM 50
Parents RM 400
Personal Savings RM 200 <<-- this goes to either UT or ASB, fully untouch

Balance left roughly RM 500 - 600. Seems like alright, but at the end of the month, left ZERO. I don't spend on things, but I guess I spend a lot on weekends like cinemas, hang out and eating especially. I am not stingy when it comes to eating

You might notice no phone bills, as mine is a supplementary line under my dad. Does not cost a lot as I seldom call. Only SMSes, which not so much (I think) so my dad pays. No commitment for car, as it is not under loan.

so far all the expenses are provided by my parents. maybe its to early to think about growing up the money.

im thinking of asm, unit trust, willing to learn knowing them better after this.

thanks guys.

take advices from the books which a pinch of salt...most of time it doesnt applicable in real life.
the secret in investing is actually "risk management", and risk management/appetite differs from one person to another, even if they have the same amount of money and knowledge.

so bare in mind investment can also mean doing business, which means you can lose money.

I would definitely prefer low risk investments. Considering that I am not a Bumi, Amanah Saham options are rather limited and I can't invested to the limit for that (thanks to my parents!) and so with that, I would like to 'plant' more money trees. I have considered insurance, unit trusts and mutual funds.

For insurance, I have heard negative things such as those paying RM X per month for 20 years and receive lump-sum 20 years time is actually less than what I could get in an FD. While I heard that investing in Public Bank Mutual Funds are also bad. Whenever I considered a form of investment and inquired more about them, I end up being put off by hearing bad things about them.

Any truth regarding the insurance bit? And as for unit trusts/mutual funds, any ones that I could look for and more importantly, what should i look for when looking forward to investing in unit trusts?

Thanks for your reply and to everyone else, advice please? I'm definitely eager to learn but I would just like a small nudge in the right direction.


This post has been edited by kobe8byrant: Nov 3 2010, 03:05 AM

i also have this perspective same as yours. maybe you guys can give us a clear mind of which mutual funds/unit trust to invest??

Thanks!

Replied to this exact same question in the fund investment thread, please look there.

Since some of you are so keen into investment, maybe I can recommend you to have a look on this close-end fund, i.e. icapital.biz berhad. This fund is listed on the main board of Bursa Malaysia. This fund was launched since 19-Oct-2005 with a NAV per share of RM1, it does not pay any dividend but it's NAV per share is about RM2.47 today. This fund is investing Bursa Malaysia whereby only no more than 10% of its fund should be put into unlisted companies in Malaysia.

Since this fund does not pay any dividend, we can use the money weighted average return method to calculate it's return. As it's fund NAV per share grows from RM1 to RM2.47 since last 5.04 years (which means if you put in RM10,000 into the fund 5 years ago, it would have doubled your wealth to be RM24,700 today), the fund's return on the NAV is shown below:-
NAV average compounded annual return (for 5 years) = (RM2.47/RM1)^(1/5.04) - 1 = 19.65%

Some of you might claim that close-end fund will not be traded at it's NAV because it's a norm for a close-end fund to be traded in discount, then we can look at the ICAP's return base on its share price (which is around RM2.04 now) to get the ROI as stated below:-
ROI average compounded annual return (for 5 years) = (RM2.04/RM1)^(1/5.04) - 1 = 15.2%

IMHO, I think a fund with the return of 15.2% each year is quite good, and it bits the KLCI benchmark quite handsomely. Of course, we should not only look at the return but also the risk side. This fund is investing shares in Bursa Malaysia, so it's NAV and share price could be volatile. In order to make profit from this fund, investors should plug in money in this fund for long term. Let say if an investor put in money 5 years ago and sold 3 years later at 2008/2009, he can only makes an annual compounded return approximately at 6.3%, if wait another 2 more years he can make a higher profit.

You can find out more about this fund from the ICAP's and Bursa website with the links stated as below:-
http://icapital.biz/english/
http://www.bursamalaysia.com/website/bm/li...ments/index.jsp

BTW, I hereby disclaim that I'm the shareholder of ICAP, so anyone who invest in ICAP now could have positive impact to the share price and this could indirectly benefit me...

Below is the attachment that showing the performance chart and table of this fund.


Attached thumbnail(s)

i have invested in public mutual fund since 2005 till today ...

some funds really go up and earn a lot ... some all the way down

u got sell?

if no sell then its not consider earn

i don't sell all, i only take out the units that i needed since the fund keep performing.

Hello everyone,

currently I have 1 bank acc. I'm thinking of opening another acc to save money only, as I find it hard to keep track with only 1 account.

my question is, what type of bank account should I open? Current or savings? I would prefer to open 1 under Public Bank.

or is there any other suggestion?

thank you in advance.

y hard to keep track?

it should be no problem use 1 acc

ya what means by hard to keep track ?

i thought if more account only hard to keep track ? lol

if u mean u hard to simpan the $

then i rekomend u open bank acc at bank which don't hv online platform and hv little branch

I just opened my HSBC saving account, good service and excellence internet banking. Brovo!!

Anyways, just to share my personal financial (not to show off or anything)

Personality:
I'm 27(married), and by nature, i'm prudent with with what i spend. Cook @ home ~ 5x dinner meals/week.
I'm normal employed (4yrs), average market salary, not some mumbo jumbo figure.
Seldom buy any stuffs for myself, only when it is necessary
One thing, i go oversea holidays 2-3times / yr ( "budget", promo tickets book during Airasia promotion)

So far, here are my assets & liabilities
a) Rm20k in forex AUD (roughly 12-14% return)
b) Rm7k in Unit trust ( didn't monitor closely, seems that all of the funds i've invested are loosing money)
c) Rm 15k in ASW2020
d) Rm 45-50k downpayment cash for a double storey @ 365K. current transaction (subsale) worth of 560k. (soon to service rm1.5k /month loan )
e) RM10k cash on hand
f) driving old 15yr old kancil (low maintenance )

Reflecting back, I'm proud with what I've achieved, with only SO much that i've had.

This post has been edited by kucingfight: Nov 18 2010, 05:03 PM

lucky u bought the house earlier, nowadays it very hard to find double storey terrace house below 400k

guys, i wanna ask something regarding the 6 months emergency fund, normally where would you guys keep the funds?

i have it spread in FD, ASW, Sukuk, ASM, izzit safe? or should i just put it all in FD only? still need to split it up and put into different bank FD?

thanks

i usually spread it out same bank - different amounts, monthly renewable, because might nit them in small chunk during emergency

My situation:

Salary: RM2,000 (Basic) (Not included OT,Claim)
EPF: 8%
If when out for business outside/OT : Can gain around extra RM200~RM500

I do small business: selling stuff to colleagues/friends can gain around RM200~RM500

Commitment:

Money for Mom & Dad : RM200 (RM100 each)
House Rental : RM200 (including utility)
Insurance: RM25 (Maybank Lady Insurance)
Saving : RM100 (Maybank Saving)
Topup: RM50
Broadband: RM50
Petrol for Bike: RM50
Eat/Entertainment/Misc :RM400

Currently I'm saving RM500 per month but I need to buy few things like my laptop since my current laptop had broke down.

Because Im using my dad bike, Company phone, I can save a lot, but still im thinking how to GROW my money, where to invest.

Am planning to join ASB but do not have time yet to visit any of their branches.

What I do now is buying few things when Im out for business matter (since company support my flight/hotel/expenses) and sell it back to others.

Example, Im going to Sabah this Dec for business trip and planning to buy few pearls product to sell back here.

I want to know any other ways that I can do to invest money. and I do not understand what is FD? short form for?