you are so good already...you should become a mentor to most of us here.

Agreed...

erkk... +1

Well if you want to retire with income of 5K a month (should be sufficient for you), and lets says you need a blended passive income target of 5%, then you will need asset of 1.2 mil, but your asset value have to keep up with inflation. So it depends on your preference/risk tolerance/numbers below...

1. Target income per month + 5% inflation p.a.
2. Target yield per month (make sure your yield increment on average beat inflation)
3. List down your holdings eg. property, yield 4% rental rental rise 3% p.a. + FD, yield 3%, rise 0%, stocks yield 6%, rise 3% p.a. etc etc and you can see the whole picture.

In the end you need to know your blended yield to see if you need more passive income or more investment. If your blended yield already covers what you want and you can retire already, why bother to look for more yield?

This post has been edited by gark: Dec 10 2012, 01:50 PM

Hello fellow LYN,

I am currently 23 and I have 9k liquidity. 4k in savings and 5k in Public Mutual. Every month I deduct 300 and purchase the same fund for dollar cost averaging (DCA) method and plan to continue for 5 years. I foresee salary increment of at least 300. Before un-planning anything for this 300 and let it go to my expenses column, I wish to use it for another investment portfolio. I am wondering should I opt for another UT fund, or invest in some other form (I am looking at PRS or REIT).

I also target to achieve 30k by Q42013. However, I do not know what are the methods that I should try.

Seeking advise from fellow members that hope for better financial management.

Thank you.

mind to share which blue chip counter?

MBSB december promotion rate 4.3% (until end of this December) only for maybank staff (kuala lumpur and Selangor). Maximum loan amount will be to 250k and max tenure to be 20 years. Easy to prove and apply even ccris and ctos for all maybank staff to ready for settlement or overlapping. Kindly call me 0166827215 for more information and application. Thank you and have a nice day.

need advise as this will be my first salary... so need to have a good start..

just start working in government. salary per month is rm 3700.

payment for my motorcycle = rm 230/month (still got 1 year left)
payment for fuel = rm350/month
food + etc = rm 300

this is my current way of using money...

i plan to upgrade my bike due to my workplace is far ( 80km one way).. maybe cost about 24k
secondly, i need plan to have family in 1 year and half or 2 year

any recommandation?? i plan to have some investment also but still not sure which is better

Why not considering to move and stay nearer to your work station? You can always rent a place nearer to your company. Travelling 160km everyday will cost you a lot of money, not mentioning the time spent. In addition, it is not safe to ride bike for 160km everyday to work.

What is your current salary per year (including bonus) and how much you will save per year?

Assuming your current investment portfolio of 9k will have a return of 5% and assuming you will save all the 300 increment per month, you will at least have 13k but short off 17k to ahieve your target of having 30k.

Unless your can save 1.3k per month currently and also find other investment tool that can generate higher return, otherwise you may not be able to ahieve your target by 4Q2013. Good luck.

Hello Sifus,

I am 26 years old, still noob and need your help, on how to plan my first ever investment. Here's my summary of my earning and deduction:

Salary: 3300 (after deduct EPF + Sosco)

Family: 500
Internet: 110
Life Insurance (GE): 250 per month
Saving Plan (GE): 50 per month
Car loan: 560
Mom's Medical card: 100
Petrol: 100
Phone credit: 30
Food: (Eat at home)
PTPTN: 100

Total left will be RM 1500. Normally, 1000 is for my saving, and 500 for my other expenses (most of the time, will left 100 to 200)

Currently, I have 10k as FD. Should I start to search for investment scheme? My early plan is to buy a normal terrace house and rent it out, but my account 2 not enough to pay the 10% deposit. (I calculate it roughly)

Pls advice. Thanks.

Hi Sifus,

Need some advice on managing my own finances.

I'm 20 years old right now, still a student. Another 2 years before I graduate.
No income, fully depending on family for now.

It's holiday right now so I thought might as well start to plan for future.

I have around 18k of savings. All in FD.
Looking for some alternative investments right now.

Currently I have no goals to acquire anything.
Family has cars, own a small apartment. Enough for living.
I don't see myself the need to purchase any car/property for the next 10 years.
Family cash flow is fine. No burden on me yet.
But still I feel like doing something with that sum of money.
You can't depends on your family your whole life right?
So I might as well start now.


I'm a very risk adverse person, maybe because I'm still a student and with no income. So equity/forex is a no for me.

I'm quite interested in Unit Trusts / Funds.
Bought "Mutual funds for dummies", read it. Not really useful.
IMO they just provide those very general information.

I am actually thinking of investing in bond funds or REITs. Then I'll properly sell it off 5-7 years down the road and invest in other things. Any advice or recommendation on this?

I suggest you leave the money in FD and start with personal finance management before you invest.One should keep between three and six months worth of your living expenses set aside in your emergency fund before investing.

For starters i'll recommend ''Millionaires are from a different Planet! - Azizi Ali'' , a great book of personal finance management.

Then you may expose yourself to various investment available in Malaysia :

1) FD
2) Unit Trust
3) Bond Fund
4) Precious Metal ( Gold / Silver )
5) Stock ( Common stock / REIT )
6) Property

Different investment product comes with different risk exposure..So dont simply invest in anything that you are not understand how it works.

Hmm, thanks for the head up. Will do.

Good piece of advice. Guess I just can't ram into anything straight away.

There are various thread available in this forum like stock exchange , Fund investment corner , Property talk , reit etc.

Feel free to join into discussion.

Wow. What a good thread. Finished reading all 86 pages of it and this show the great community of LYN.

Thank you to the posters who helped others to finance their life without getting paid. Its getting harder by days to find people like u.

just a mere reply on every's thought. Not that professional that on par with those personal financial consultancy man ..

p/s: wong sifu is not around recently .. This thread has gone into silent mode already

He's doing it for free and thats a good thing. Those in the lower bracket cant afford to save, how to employ personal financial consultant?

I am 32 years old, still noob and need your help. Here's my summary of my earning and deduction:

Salary: 2800 (after deduct EPF + Sosco)

Internet: 88
Utilities - RM100 (Electricity + water)
Apartment maintainance fees - RM150 ( I usually paid in advance quarterly coz I hate go every month pay)
Petrol: 150
Phone credit: Digi Prepaid balance RM650+, super long talk time.. I think cannot finish credit, I seldom reload..
Food: 400
Car loan: No (settle) - BLM
House loan : No (settle) - Living in Condo
Education loan: No (settle)- PTPTN
Credit Card: No
Personal loan: No

Basically I just spend RM800+ a month, sometimes work OT got a bit more money ok to pay the Indah water, miscellaneous bill, dunno wat bill wat bill, bill come I just go settle them..

Net savings per month: RM 2000 / I just make it easy count, I dump in extra RM1K into savings making it RM25K per year.

Rough calculation today I have around RM150K cash in FD, Sukuk, etc.. use the intrest go holiday jln jln around RM3K per year

I take old ppl advise practise - "AFISH". I do not like risk, no investment. Money must be protected by PIDM up to RM200K.

A - ASN, Wawasan 2020, Sukuk, etc
F - FD
I - Insurance
S - Shares (Dare not buy)
H - House (Done)


Can I retire at 50 years old?

I read about this
http://budgeting.about.com/od/Why_Budget/a...Millionaire.htm


If You Save: $2000 per month

You'll Be a Millionaire In: 19 years and 7 months.

This post has been edited by AAAABBBB: Jan 1 2013, 11:20 PM

In short, yup U can choose to retire by 50 years old

IF your personal inflation (lifestyle cost) on average comes to about 4%pa compounded
AND your sukuks / FDs / Cash / ASN / Wawasan etc gives on average 5.5%pa compounded total returns (ie. all your investment assets return U 5.5%pa compounded on average)
AND your net salary saving increases 2% per year (eg. your gross increases 4% to 6% and U save additional 2% of net compared to last year).

Mind U, when U hit 55 or 60 (i'm assuming Gov will change EPF withdrawal age ), U will get another injection of usable lump sum $ for your investment assets. Thus, if U continue your frugal living - U should even be able to donate lump sums to charities and schools

Congrats - hard to find folks saving more than 55% of their net income.

Details in the ZIP Excel file attached, for your easy "WHAT IF" manipulations. Play with the second (2) worksheet - cells in yellow.

BTW, if/when U get married or change your lifestyle significantly - all bets are off.
IMHO - your way to financial freedom is frugality and super defence. It works for some - just watch out for high inflation rate on certain items like medical.
In soccer/football parlance, U are playing with something like 10 defenders or even 11 goalies, 0 mid fielders, 0 strikers

This post has been edited by wongmunkeong: Jan 2 2013, 02:19 AM


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