Hi dear sifus I've been reading some of the post in here and am really interested in how you all manage your finance. Mind if i join in?
I'm interested in investment, wealth generating, and cash saving methods.
I'm really new to this and i think is very important for me to start even now.

I just started working last month and got a pay RM550 cuz i start in the middle of the month ==. But anyway I'm a diploma n in internship for 3months , RM800 per month.
Asset :
Car-proton waja-got car but parents pay fuel. Until i actually earn enuf but probably won't be long (so not even mine)
Cash-RM 800/m

Liability :
Phone - RM30-50/m (thinking of goin postpaid not sure yet)
Food - RM 100/m mostly eat at house sometimes go "yum cha" ><
Lifestyle <RM 50 nothing to really buy tried to keep it minimum.
Life saving - RM100/m cannot touch until old
Tithes - RM 80

So left mayb RM500 or less. I'm currently just putting it into alliance bank for saving. What steps can I take? I'm willing to learn investment or other stuff to generate some more cash.
My plan is to get 1 year of experience and then continue study for degree around same time next year. After my intern I will get raised to 1k+

Any comment,suggestion or help?

If u can consistently make 30% return p.a. I think u can be the richest man in the wolrd ady. Even WB annualised return only 24.5% p.a. at most.

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Added on September 19, 2012, 7:39 pmI just noticed i have been blocked by wongmunkeong to this forum. He want to dominate this forum, i thought forum is a democracy site to share our thought. lol

This post has been edited by bursalchemy: Sep 19 2012, 07:39 PM

Hi, i am fresh entry to working environment. I just need a big help and advise on how to increase my saving. I read through some advise that about consideration on ASM, mutual funds or fixed deposit, stock. Basically, I am normal office worker. So i hope that i can make some side small investment. Some question is quite doubt me:
1. ASM is available any time?how to get an account?
2. Public mutual is good when met a good and responsible agent?(heard many ppl said that)
3. Fixed deposit is quite little return although it is safe enough..
3. what is the risk of the gold investment from those bank?
and many others....@.@ hope can get helped here. many thanks

Are U smoking some weed or something Bursalchemy? Please do not simply accuse me of things which i have NO POWER to do, i'm just a "normal user" of the forum, just like U.
If U have nothing else to do other than hurl stupidity, please go chase your own tail till U are happy.

This post has been edited by wongmunkeong: Sep 22 2012, 09:30 PM

support

How can he block u?

I dont know who blocked me.. but now that i can access to this forum. Previously i cant view any comment until yesterday.

U broke some rules/offended some moderator, an "Elite" status forum member cannot suspend/ban/block ppl

Smarter people do NOT accuse specifically until evidence is in hand.
Not-too-smart people on the other hand... in future, please choose which U wish to be.

In the real world (no hiding behind stupid nicks/handles), U'd be hauled up to defend your accusation by your accuser and if you've no proper evidence, there will be a price to be paid.

This post has been edited by wongmunkeong: Sep 23 2012, 12:35 PM

wongmunkeong senior, previously i thought it was u. coz u are elite and most active in this forum.
However, i admit my fault without looking any evidence before shoot u here. Pls accept my apology.

Thanks for ur advice, i will remember not to accuse specifically until evidence in hand.

guys, if u got 600 per month, what is the best way to save it? I mean, one that has high return

Lesson well learnt. Kudos for apologizing.

I'm a financial planner . I could do a free financial health check for u if ur interested . Call me . Ambarish :01128532510

Are you CFP certified?

Hi, that depends on your age also I guess, me too looking at this now. M in 30s and can afford for some risk for this money. After really sit down to do checking on some mutual funds info, realized that to make 12% p,a, average over 10 years is the record.

Much better than some saving plans by the insurance companies.

plus I can stop the saving temporary anytime I want to if I decided to take the money for holiday later.. hehe...

I calculated with RM 500 x 12 mths x 10 years = RM 60,000 savings. It will turn RM 132,000 with just simple calculation. Compounding like FD will be more lah, but I always look at the simple calculation so whatever I get extra is bonus lah =p.


I do buy a bit stock but always no time to monitor, missed the cash out point when price r good... hv to hold on lah... what to do.

Well talk is easy and calculation can always show great profit for 'average' 12% gain per year. For those who have been investing a while knows that past performance is not equal to future performance. Also the gains will not be steady, there are bad times and good, depending when you are buying. Invest based on your risk tolerance, and if you take 12% as a guide then your risk tolerance is very high...Question is do you have the holding power if your stocks suddenly take a 40%-50% dive? or do you dare to double down once it hits these number? Well it happened in 1997,2001 and latest at 2008...

This post has been edited by gark: Sep 27 2012, 04:15 PM

that's exactly what i experienced. Last time i also have some spare cash and thinking to put in PMF as i am thinking 3 - 5 years as medium term investment. Guess what? till today i am still making lost. But i have recently re-invest in those funds and average out the cost. Hopefully i will get break even or gain some profit in next 2 years. That's pretty sad isn't it? Total of 7 years and i am just hoping for break even or slightly gain.

P/s: Just to make things clear, i am pretty lazy to manage my portfolio last time in terms of PMF investment. But i will pay extra attention to it now

lost money in which fund and swich to which fund now?

China fund bro (PCSF and PCIF) - Making lost more than 40%. These two fund i top up the investment of my initial cost of investment to average the cost.
PIADF i switch to PDSF

Did share my problems in PMF thread few weeks before ... Thx to all the sifu there for advice but in the end i follow the advice given by my agent.

hi all sifu's,

need some opinion here, currently having a property loan balance of around RM120k remaining 16 years @ 4% interest fixed, epf account 2 have around RM50k available, should i use the RM50k to reduce the loan or keep the cash in epf for the average 5% interest?