thank you for the advice,

it seems im a lil bit rushy in these,isn it?im sorry.i should keep my head cool.

yes,i think i should learn more on this.i guess a great reading will give me more idea on how to invest in future.

(*extra..am hard to open other thread,just a quick mumbles)
regarding my work at watson,im just a sales assistant.but,with my qualifications,im just eligible to this.
and im thinking of looking for something that can inspire me(maybe going to quit soon,who knows?..but the companions there are great,im going to miss them)

im trying to find a job where i can have more functions.more hands on.more freedom on talking to customer.(actually im going to persue bachelor in psychology/communication/photography--whichever come first,then other will follow )
--going to interview tomorrow,as 'Sales Assistant..again.which,it seems it is same as what im doing rite now',but it seems..'sales assistant' do meant different according to where it apply.

im going to a shop,one that sell lights.im attracted to the lights.simply as that.
--if i get work there..and im allowed to give my opinions to the customer,im happy already.im tired of repetitions.

---done mumbles.

im sorry for the mumbles.

right now,im going to open up a maybank account.from my reading,if im not mistaken,there is many kind of account which are;
-saving
-current
-invest
-trust
-..etc

it seems,there are more sub options on each kind.
i asked my friends,relatives,collegues. most of them said,they choose 'saving'
when i checked about savings,there are a lot of types.
got regular,islamic,basic,etc.

im happy if you can suggest an account that good for starter like me.be it beneficial for long run.

thank you.

If you are happy in doing that, then go ahead. I believe as a Sales Assistant, you are able to learn pretty much too. As you get to attend to customers everyday, you will learn how to deal with different types of people.

Regarding bank account, what's the purpose to open that account?
Savings account is for you to place your money there temporarily and for your convenience with ATM card and also Debit Card.
Current account works almost the same as savings account but they provide a cheque book for more convenience.
Both accounts giving out very very very low interest or none.

If you just want a place to store your money for short term then yes, go for savings account. If you want to save your money for long term and plan not to touch it, then you should opt for Amanah Saham Account which you can open at Maybank or CIMB provided the quota still available on that day. Or maybe if you can take some risk, you can go for unit trust provided you have done some studies on it. Do not jump into any investment vehicles without any knowledge in it.

Please advise me.

I got bad news that the company that I am working is not providing any increment and bonus. My colleague and I felt devastated.

More awful is that I am bonded with the company for another year which means I could not switch jobs or I need to pay a compensation for leaving.

There are no OT and as a result, I have fixed income every month.

I am no entrepreneur and selling stuff would only generate negative income to me.

I have a professional job but salary wise, it is still below RM3,000.00 despite being in KL/Selangor area. Professional job is shift basis. 4days on 4 days off.

It is okay if I apply work part time at a cafe or restaurant? I have past experience.

Will I be looked down upon?

I'm not a professional so it depends if you want to hear what I've got to say.
1st) I believe it is ok for you to find a part time job, any job, as long there are no conflict of interests with your current job.
2nd) No one will look down on you. We all work for money. So it's normal if one needs more money, one needs to work extra.

1. Look at your employment contract, if it does not bar you from a second job, please go ahead. Some contract states that no side/second job is allowed. If you end up breaching the employment contract then it will be worse.
2. If you are allowed to have a second job, go ahead, no one will look down on you. In fact a lot will look up to you. Fresh grad nowadays does not understand the need for hard work.

Hello you guys. My head is really mess up now thinking bout our future (me and my sweetheart).
I just wrote a post few pages behind and now I will post another info about my financial planning and I do need the expert's advices here.

This will be an update. Here we go

My salary: 4375 (after EPF deduction and etc)


My expenses>>>

1. Car loan: 823
2. Rental: 530 (I just found 2 housemates last 2 weeks and only need to pay for my rental RM230 but to cut the story short, 1 of my housemate moved out today so the rent will be covered by me for the time being until I can find another renter. Hope so )
3. Family: 300
4. Phone: 70
5. Streamyx: 55 (sharing)
6. Astro: 60 (sharing)
7. Utility: 25 (estimated only)
8. Petrol: 200
9. Food: 200 (trying to cook at home. Already buy the kitchen and all the stuff for cooking)
10. Others (flight ticket, futsal, movies): 200 (again estimated only as I don't buy flight ticket every month)
11. Insurans: 150

Total expenses: 2613
Saving: 4375-2613=1762

Already have RM 9k in my saving account. Planning to open ASB and put 4k from my saving account into ASB so I only have RM5k for emergency purposes. And will put my monthly saving=1762 into ASB.

So my problems are:

1. Planning to get married by the end of this year. Total budget would be around 25k. But now only have 9k cash in hand and need about 16k more. If calculate roughly, if I can save 1.7k monthly, in about 10 months it would be 17k so add up to the 9k I have it would be sufficient. But I would have no money at all after the wedding. The reason I want to get married faster is because me and my gf working at Sabah but her working place so far and the road condition to her place is not so good (road lubang2, many hills, many big lorries and "jalan kampung"). If we get married the chances of her transfers to area KK is high. You have no idea how I feel everyday I let my gf drive 2 hours (both ways) on those road conditions..
So my question is it ok to go with this plan?

2. If we want to buy house at Peninsular, how many we gonna need roughly?60k?


Thank you. This thread have give me many valuable advices and infos. Any comment from forumers are very much appreciated.

Your other expenses are not unreasonable.

Which leaves this one item - do you really, really need to spend 25k?

It's a matter of balancing what you can afford, or cannot afford, and adjusting accordingly.

1. I seriously think you should not rush a wedding for convenience. I know you are feeling very 'serba salah' for letting your GF drive long hours and you're thinking by getting married ASAP, you figured she can be transfered to ease her travelling woes. I don't know if its proper for your culture, but if you're really sure about marriage and your finances are tight, just go and do the legal marriage first which will allow your new wife to apply for the transfer since you're legally her husband already. When your finances are more stable, then do the traditional wedding celebration. This will allow you to plan your finances better and also allow your 'wife' to apply for transfer. A wedding can be a simple or extravagant, unless you can find sponsors, try not to stretch yourself for the one day affair. A marriage is not for that 1 day only and the money saved can be used for married life expenses instead.

2. This really depends on where you want to stay and the kind of home you want to live in. I think the property experts in this thread can help you if you're more specific.

This post has been edited by Skidd Chung: Jan 24 2011, 01:42 AM

The amount of 25k is my estimation since I go around ask my friends and families, they say should have around that figure if want to get married. Well I don't quite sure about it. Maybe 15-20k will do it. Or any forumers here who had been married can enlighten me?


It not 'serba salah' feeling but more toward worry bout her safety since my car is Myvi only.
Em you means like 'akad nikah' first then the ceremony postpone to another time is it? Ya I got what you mean. I guess I did not think deep enough about this..

For the house we think want to buy area Shah Alam since it is in between our hometown (I from north, she from south )
And when we buy that house we have reason to apply transfer back to peninsular. Well you know if we get married and stay here in Sabah we got no reason at all to transfer back peninsular. One other way I can think of is either one of us further study. Sorry a little bit run off the topic.

how much is the compensation? if you found a much better paying job that is worth to pay the compensation for quiting, do it

This post has been edited by Fat3Twister: Jan 26 2011, 02:09 PM

If I have 150k in my FD now, what should i do?

Current liability
Property 1 (shoplot) Loan (18yrs)
Property 2 (House - to stay in) (20yrs)
Car Loan (15 month to go)

Should i pay off or at least use all of this money to reduce my liability or invest in stock or Unit Trust.
However i am worried of stocks and have no experience in UT.
Index is so high right now i don't think i have the heart in KLSE

Any suggestions?

firstly, dont venture into stocks or UT if u know nothing abt it. u need to learn abt it first.

as for ur shoplot, got rental income or not? if got income to cover the monthly payment, then good. keep it like that.

as for ur fd, u can try to invest it in PNB related fund such as ASB, ASW2020, AS1M etc... its better coz the PNB will manage ur fund, least headache for u...

or u can try meet some UT agent, they can help explain to u what UT is all abt... last time i learn abt UT is from a Public Mutual agent. after that, i learned abt stock market and now my funds are all in stock market....



but if I hav the 150k, i'll be putting 30% into stocks and the balance will be invested in property... earn passive income..

My shoplot will be completed in 3 month time. Hopefully i can rent it out then.

Actually I do have some dividend stock in mind like Maxis and BJCorp. I heard dividend yield is around 5% or more.

I don't think there is any more available funds for me in ASW2020 or ASM.

Thanks for the info

just sharing.

http://www.akpk.org.my/WhatisPOWER/tabid/359/Default.aspx



power (pengurusan wang ringgit anda) programe by AKPK.

you should increase your income? side income?

Your expenses already is like most people... which is almost fixed...

thanks

Hi to all lowyatnians, Gong Hei Fatt Choi

My salary: 3850 (after EPF deduction and etc)
Every month got additional outstation trip allowance arnd RM800-1400
Lets jus put average monthly income RM 5k

My expenses>>>
1. Car loan: 800
2. Family: 200
3. Phone: Bare by company
4. Streamyx: 22 (sharing)
5. Petrol: 450
6. Toll: 100
7. Food & others: 1000 roughly la
8. Insurans: Company bare


Total expenses: 2577
Saving: 5000-2577=2433



Already have RM 30k++ in my saving account. RM 10k debt from my bro.
The savings 10k in FD and balance 20k++ leave in bank acc.

My question:
1. Any expenses i left out?
2. What i shud do with the on hand 20k in bank acc?

Pls advice, tq verymuch

Regrds,
aliluya

This post has been edited by aliluya: Feb 8 2011, 12:29 PM

EDIT : Sorry, wrong thread.

This post has been edited by nujikabane: Feb 8 2011, 08:54 PM

Need some financial advise.

Combined household income p.a = appx RM140,000 net of EPF, tax & misc mthly expenses, excluding repayment of loan below
Current cash & cash equivalent = appx RM150,000 (appx RM50k in ASB & govn bonds, bal in FD)
RM350k new loan (landed property for own stay) = appx repayment of RM1.5k per mth
RM150k new loan (low cost apmt for investment) = appx repayment of RM600 per mth, but rental income enough to breakeven

we know it’s silly to be placing all in FD, but am setting it aside so that we have the cash to invest when there are good opportunities. We used to own some blue chip counter stock, but liquidated for some reason. Now we are looking at rebalancing our assets portfolio. Planning to gear up to purchase another one or two property for investment as well as looking some into stocks.

But before we go on rampage and become highly geared and debt laden, we are looking for some financial advise on general rule of thumb on liquidity and gearing.

Both of us are in our mid/late twenties.

Appreciate advise on this

hmmmm you dont even max out your ASB and you left some for FD??
you mad??????