WB did give Billion of loans to BOA at 8% ? .

He could just walk in to Bank Of China to borrow at 1% through QE 2

This post has been edited by SKY 1809: Apr 14 2012, 12:53 PM

WB is playing on a whole different plane of investing / speed-of-money-flow game compared to little ol me, like comparing a human (WB) to an ant (me), however that won't deter me from working towards what i can do at my level

Whoever wants to apply for any loan, dont go to sunway CIMB branch, the loan consultant called VINOD MATHIALAGAN is a scammer and *******, he cannot be trusted.

Would you like to elaborate more on this?

you didnt make a complain to the branch?

I didnt, coz dont have evidence. He said to apply for the loan, i have to pay initial payment of rm358 as procedure fees for stanp duty and service fees by cash and signed some documents. I thought with the documents, it is relatively secured. After 2 weeks, the loan still havent approved yet, then i go back to the bank and asked him. He said i didnt receive any fees from me and i asked for the document i had signed, the said we didnt entered into any contract prior to this. Any other evidence can corroborate i had paid the fees?

Any simple excel file template for me to build upon - for my personal finances? I know it doesn't take long to make one myself... but I wanna make sure I have reasonably good one : P

google didn't help much, btw

Hi, Not sure is this the right place to ask, i just graduated and started working for 8months, planning to invest my money instead of just saving it in bank for nothing, but i dun have any friend or relative able to guide me about at this area. Is there any places or thread for newbie investor? For beginner level like me. Any guide/help will be appreciate much

I want to apply my full car loan but rejected by all bankers. My car agent said my credit card payment is bad records. So, I think to apply personal loan to settle all this loan.

So, which bank can I apply for this PL? The banks will reject me or not since I have bad records??

Agents, pls pm me...Urgent!

Er.. borrowing from Peter to pay Paul will still get U a bad record if/when U don't pay Peter back on time, wouldn't it?
OR U mean CCRIS doesn't care about personal loan? Maybe lar if personal load from bank of family but if it's a public listed bank...

Yeah actually I'm also very interested to know is there any book, website or other material that can guide newbie or total noob how to start investing. Example how to buy stock, where to buy bond fund? Diff btw funds etc. a real step by step for the 'katak bawah tempurung'. A lot of start up guide for newbie only talks about diff of each type of investment funds. Who should select what etc. at the end, how do we actually start?

not lah, i am paying this credit card every month...just that previous record is bad loh i think....so i wan to borrow PL to clear it off.

after that, i still pay this PL...of coz i will make sure the payment record is good what...

aiya, dont know how now..

Hi guys, need some advice here. I started working last january and married. Both of us are gov teachers. This is our financial details:

My Salary: RM2222
My Wife: RM2222
My Allwnce: RM 700
My Wife: RM700
Total: RM5844

This is my monthly spending:

EPF (both) : RM 642.84 (suppose to end by 2015, after confirm)
House Rent: RM500
Car: RM450 (ends July 2018)
HP Bill: RM100
TNB: RM45
Astro: RM80
TM: RM77
Loan1: RM457 (ends december 2014)
Loan2: RM1000 (ends september 2014)
Gas: RM200
Food: RM400
Other: RM400
Fmly: RM500
Insurance: RM200

Total: RM5051.84

Balance: RM792.16

Can anyone advice me on my financial planning? what should i do with the balance? Usually i just dump it in either asb or tabung haji. What should i change in my financial planning?

This post has been edited by aliex87: Apr 17 2012, 12:41 PM

cut ur unnecessary expenses

i dont see which one is unnecessary.....perhaps on the "other" category, but i actually treat it as emergency money....

Cannot really help without setting a goal ( or goals for yourself ).

That needs a bigger meaning in Life and the whys you should cut your expenses.

Something called " delayed gratification "

Without which, quite meaningless or directionless.

This post has been edited by SKY 1809: Apr 17 2012, 02:07 PM

Like what bro Sky said, it's "prioritization" in other words.
Which is important (increase or keep) VS which is unimportant (cut down) coz most of us have limited resources VS unlimited wants.

Well , the killing part could be the loan of 1.5K , if settled off with some savings , then monthly saving of 2k plus would be quite ok to me.

Expenses look quite ok to me.

This post has been edited by SKY 1809: Apr 17 2012, 05:46 PM

What are Loan 1 and Loan 2?

Your financial plan:
1. Pay down your debts.
2. Do not incur new debts.
3. Do not increase your expenses.
4. Cut down on expenses, if possible.
5. Additional savings can be used to pay down debts if appropriate or as you suggested, save in ASB.
6. Seek an additional income ... give tuition?.
7. It is going to be more challenging when you have children.

Majority of people would spend first, save later. Very little realised that by practising saving prior to spending enables one to have a better control over their expenditure and at the same time, having sufficient money to grow over time, which enables them to achieved their objective by the end of the day.

One must know whether what they can or can't afford based on their take home pay. I would recommend you to purchase the following book to read, prior to starting off your investment.



Remember, gathering and growing of wealth is just a "strategy" to achieving an "objective" over a pre-determined "time horizon". By having both "objective" and "time horizon" will enables you to determine the kind of risk returned investment vehicles that you should get involved with and the exact amount of investment you should allocate over time.