This is a really good place to see ppl discussing how to improve their financial management... I learn a lot so far ^^

Im currently a university student, and recently received statement from maybank that my account still got rm3500+ which had been inactive for some time and being warned for the inactivity, was planning to put the money into FD or is there a better option to utilise the money?

It is my old collection of angpao money

When we are giving advice general public, we do not know the earning power and risk profile of the audience. As majority of the audiences are from the group of average people with average earning power and they tend to be risk adverse, then give top priority on savings and expanding income would be 2nd priority make sense for most of the people who are seeking for financial advice.

In addition, due to psychology, it is easier for a person to change his/her habit from being thrifty to lavish and not the other way. So that is why we should encourage people to nurture a habit of being thrifty, defer gratification and save for future purpose instead of focusing on future earnings and spend current income like no tomorrow. As people would tend to think they will earn more in the future, so they will spend their current income like no tomorrow without having a proper financial planning, but they forget future earnings are not certain.

No, just because you don't know does not mean that "There is no such thing as high returns low risks".

Manage risk on what sense and how? I do not see any clue from your post

This post has been edited by kinwing: Feb 18 2013, 12:08 PM

So are you going to have euthanasia at age 85 ?

No, this a wrong mind-set. Not all debt are bad, so should not get rid of debt at all cost.

If the cost of your debt is cheap, you should not repay your debt even you have the cash. Let's other people's money to work for you.

that's assuming one has the discipline to make the extra $ work and get higher returns that the cost of debt. unfortunately, being human, there is a high tendency and lots of pressure to spend the $$ instead and buy stuff which will not bring any return on investment iphone 5 anyone? nice new tag heuer? brand new camry maybe?

Take debt to buy asset then is good, but have to see how much available asset you take the debt.
If a person totally don’t other saving able to liquate to pay the loan then the higher possibility the person will go bankruptcy.

When taking loan, reserve 6 month $$ for loan repayment. If got more money reduce the loan, will shorten the worry.

Hi guys,

I am near 30s and got burden with house loan of 30 yrs. Can investment really make someone rich?

Investment is using money making more money without money...you don’t have investment...

Different type investment/return has different type of risk. The higher you go the lucrative you have, in other way the more money you loss.


im 31 year gold... also hv 30year of loan.

Investment is to fight inflation what your money value for tomorrow purchase. You understand my meaning by comparing keeping money in saving account for 30 year.

If you want to buy a big house, then u needs money to pay for or your children education fee may not the same next 20year.

So you must save/invest in order to have thing you want tomorrow.

So in other words, you mean investment cannot make me rich but just to keep up with inflation?

Wat is your current investment strategy? So far I upgraded from FD to Unit trust for long term invest. But I know it cant make me rich cos is for long term and I dont even know what the use of having more money 20 yrs later lol

What i need is money now or maybe 3-5 yrs later

Hi WintersuN,


You are rich in knowledge only you didnt discover...
I start from FD,later UT, then Shares..now aim settle my 30year house loan asap to buy another bigger house. my wet dream

Continue upgrade your FD and UT, once your reach certain of limit you thinking to invest somewhere your money for a greater return.

Save the money..you not know what you want to spend maybe you use the money for early retirement or children education.

You dont know when the next financial Tsunami come or WE out of jobs. then how to pay the debts for 30 years.

prepare the umbrella early not until the rain come.

Nice to know you.

This post has been edited by felixmask: Feb 18 2013, 05:56 PM


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hi guys im pretty impress by the ah kaos & unkers in kopitiam stories

bt dun uu guys think living prioritising the future while forgo things uu can do in the present is kinda sad?

life is short & we cant bring wealth to the nxt world.
wt do uu guys think?

life is short if cant buy food on table or hv head cover during rain

What the sad, if cant provide your children for education....

Fancy car or fancy mobile hp..also require money to buy.

Nice to meet someone wif similar journey. Do you have a strategy how u will settle your house loan quick? Maybe can share

sorry to be blunt...
I suspect you're below 30s or mentally so
When U are in your late 30s or 40s, ask yourself the same Q U posted.
U shd realize by then, it is not a matter of bringing wealth to the next world.
It's about building now to have MANY options later, providing & caring for future generations & not eating Alpo for retirement

Just a thought - no 1s & 0s right/wrong, your life is yours to prioritize as U see fit

This post has been edited by wongmunkeong: Feb 18 2013, 07:23 PM

I try to used expenses = salary - saving. Every month I struggle to control my expenses.
Ever month my $$$$ will go FD, UT or Stock.

Definitely I will go stock. I will check which the best to invest for long term.
Before I go stock, my saving just goes FD or UT. After 2 year of learning and monitoring I got guts to go stock. I must have time to read financial statement and business understanding.

Goreng stock sure higher return but must monitor every day, which are cyclical stock.
My preference is blue-chip stock and dividend like REITS and Telco.


The famous Warren Buffet Quote:
1st rules never lose money
2nd rules not forget the 1st rule.

I allocated my Saving
1 month in FD
10 month in UT bond
16 month in stock


My investment can paid 1/2 my hosing loan immediately. I don’t have car loan, fancy Hand phone , internet broadband overseas holiday, or laptop(my PC still tip top condition 9 year) and spending of unnecessarily.

My aim to settlen my house loan with 5 - 10 years. Wet Dream buy another condo.

This post has been edited by felixmask: Feb 18 2013, 07:31 PM

wow so hardcore!!

HOw much cost your house loan? How long u been in the hobby of invest?

Have a emergency fund of 1 year (I recommend) of expenses first. Put that money in FD.

Balance you should repay your debts. Start with the ones with the costliest interest.

Pay off early, don't get into debt if possible, invest any excess you have.

That's the path to financial freedom.

Manage risk as in know the investment that you are going to invest in. Do research first before committing your money, whatever the asset class you choose to invest.

Do your own due diligence, not based just on rumours or other people's recommendation. Simple really.

Making money is not easy. You must put in the effort and do your homework to minimise the chance of losing money.

And yes, There is no such thing as high returns low risks and also There is no such thing as free lunch. Ignore that at your peril.

Unless you are bumiputra of course....