put bank rakyat FD 4.6% pa

if put 20k can take dividend every month

Dear Forumer,

I'm 35 years old and I will be losing my job next month due to company down sizing.

My current assets are
1. Cash - 300K (90% on FD)
2. Stock - 50K
3. A house fully paid up recently

Liabilities
1. Car - 12k

My monthly commitment is minimum 5.5K. This is because I'm married with a child and I'm fully taking care both of my aging parents. My wife not working to fully take care of my child.

For the last 1.5 year I have been partnering in a business which generate 4K/month on the average. I work on the business on a part time basis or remotely as I travel alot.

Should I take more risk by investing more money and time in expanding my business or look for another stable job? Current economic outlook is quite grim and don't think I can get my previous pay scale as I've gone through multiple job interviews.

My uncertainties on my future really stresses me out. Anyone can offer some word of advice?

U got more asset than liability even with average monthly 4k income u only need to find another 1.5k to breakeven ur expenses. average interest from ur FD about 700 monthly means ur are very comfortable with ur financial ability..... Well any jobs with 4-5k will give u a very comfortable life, why not lower ur expectation for ur new job?

Side note why 90% cash for FD not thinking to diversified into sukuk or gov bond with fixed 5% or more interest rate ( note bonds are with longer maturity date, some is quite flexible can whihdraw if past few months)

Thanks for replying.

1. Although my average income I get from my partnership is average 4k, but I would like to prepare for the worst. Maybe I'm having a mid life crisis (getting old too) and everything paranoids me.

2. My minimum spending is 5.5K without any "disaster" hitting my family. Although all my family members are insured, but I personally see how medical bill can bite a chuck of your finance. Hence, I wish to increase or at least maintain my income to prepare for the worst. I know I set my expectation too high but I can't help to think of it. I also plan to have another child, but me losing my job is going to put this on hold.

3. Although my assets portfolio looks good, but I don't think its enough for me to grow with. I wish to grow this money so I can have enough for my retirement.

4. 90% cash on FD is just my current status as I sell a sizeable amount of shares before election. Still thinking carefully where to invest it in so I just put it in FD temporary. Thanks for the tip, I will have a look in it.

5. Does anyone tried any financial product in Hong Kong? I heard the returned is very good and consistent.

Thanks for the advice.

5. What kind of financial product? REIT?

To tell you the truth, I'm not sure as well. I've spoken to a friend about my dilemma and he suggest me to research into Hong Kong financial products. There are many but he did not recommend me anything. Guess he didn't want to be blame if something gone sour.

He said its far more advance than in Malaysia and a return of 10-12% annually is a common.

I thought of start here to get my info gathering started.

With your small debt and large cash you having, also income from your other business. Which i think only small percentage of people can achieve at your age, you have some time to lok for a good pay job. No need to worry so much as worries make you just stress yourself out and end of the day bring more problem to your health.

I would like to thank cwhong and you for your kind advice and words of encouragement.

After working for 13 years in the same industry and lose my job, I would say its quite painful for me. I feel insecure now as well because I'm the sole bread-winner in the family and since I stuck with the same kind of work, industry, and my age I fear looking for a new job will be difficult.

I did forsee this to come as my parents always taught me to save for the rainy days hence the substantial savings. Well the storm have finally arrive, and I do believe I'm equipped to weather it but I just can't stop to worry.

Your kind advice does help lift my spirits up while I begin my search for a new begining.

good advise

These are people that will lost everything because "Not knowing what to do" and DID not seek advise, if you want to get something, learn from others first. For learning from your mistake by not seeking info on what to do first would be costly and normally you don't get a 2nd change.. like ancient proverbs ; Give a man a fish, and you feed him for a day, show him how to catch fish and you feed him for life;. ...see, you needed the some one to teach you how to fish.Find your journey, not depend other guide for your journey, it is not a journey unless you go along the journey physically.. At the end, money is gone.....yes,..maybe..i can be gained too..

Hi locno_123,

What kind of business do you invest in? Invest together with your friends? Are you participating actively in the business?

I'm looking for multiple source of income as well, as i share the same concern on job security for the future....

Well I form a partnership with a very close friend. I work part time on the business hence I'm not a sleeping partner. I spend my after work and weekends sometimes working on the business.

After 1.5 yrs, on average I only got 3-4K/month. Its not much but for the effort and time I put it into the business I think its justifiable. Do note that business carries higher risk than a permanent job but it give better return as well. Always try to protect yourself to minimize the damage else you will lose everything.

Large chunk of my income comes from my permanent job and losing it does stress me out.

This post has been edited by locno_123: Jun 10 2013, 09:41 PM

All those smug trite platitudes about fishing.... consider that maybe we are asking for a variety of opinions from more experienced so we can evaluate the situation ourselves. Just because I ask doesn't mean I am a robot and will do whatever you say.

All those people saying 8% etc. with markets at all-time highs now, how does buying anything fit into the picture? Are we talking about 15-20 year spreads?

every investment have risk(including unit trust), depend
1)you can accept conservative/moderate/aggressive risk?
2)how long you invest?
3)what is　investment　goal / investment objectives( ex: children education planning, retirement planning,
buy house........)
4)what method you use to invest(ex: lump sum, regular, monthly DDI)

of course, invest in unit trust is no guaranted,

But,in the other hand, unit trust is one of our EPF/ cash investment scheme and how it can help us
to hedge against inflation rate/ complement our retirement goal/ achieve earlier financial freedom

If you are still young,and can accept moderate until aggressive risk, long term investment (>3 years)
your investment　goal / investment objectives( ex: children education planning, retirement planning,
buy house........), and use the investment method is monthly DDI (monthly saving),
this method can average the risk, conservative rate of return: 8%

Thanks

I think it is better to hold on to your cash i.e FD , and learn more about investments before u make any hasty decisions.

In time to come , the markets could be quite short of " cash" , and many doors and opportunities are opened to u.

As the saying goes ,, it is better to be ready for an opportunity to come, then knowing nothing when it comes.

This post has been edited by SKY 1809: Jun 13 2013, 09:28 PM

earn around rm2000-2200 per month and actually i belum dapat my salary yet becoz bru kerja bberapa minggu..

few things i concern,tak lama lagi my father will quit and resting i dont know for how long..then i will sambung the house loan which is rm250 per month and our family car rm550,this car i plan to pay only half of it..

can u guys help me to plan my budget?my own car loan,parents,saving,food and ASB maybe??and etc..

hey Everyone!

Just looking for public opinion on two questions;

Im not from economics/finance background so i may be wrong, but
I feel quite insecure with the current inflated property price, and feel that a big bubble burst may occur.
In such an event, such as recession, i assume holding one currency (MYR) might not be a good idea. (if malaysia economy crashes)

1. Should i spread out my savings into a couple currencies? (USD, SGD, chinaRMB)?

2. If yes, how should i do it.. forex?

or 3. i have it all wrong. Currency is more valuable in a reccession

Thanks all!
P.S. apologies if it sounds like stupid questions

This post has been edited by win44: Jun 18 2013, 08:18 AM

hi morning everyone,

i and few friend doing graphic design company, income quite steady , but the problem i like buy a lot of new gadget , cant save money >.< any suggestion to ?

stop buying/upgrading gadgets. I don't see much difference in iphone 4/4s or ipad 2/3/4. Yet i see a lot of ppl queuing up to buy iphone 4s while playing games on their ipohne 4

You know the problem yourself and it all depends on your willingness to solve it.