To me, I pay off PTPTN because there is no other investment that can guarantee 20% return. 16K if dump to the housing loan only save you about 700++ this year, so to me PTPTN more worth it and then finally you can focus on repaying the house loan (extra from the normal PTPTN payment and extra from EPF)

Starz92,

Like someone in the thread says, it's a good thing that you've come into "financial consciousness" at such a young age.

in my opinion, it would really depend on the reason you are investing into a low cost apartment. Is it for own stay or investment?

If it's for investment, I'd say don't go for such property at all. Put all 300 + your extra 890 into building your emergency cash first since your target is quite high, i.e. 6 months your basic salary. I suggest you put this into a track proven mid-risk unit trust fund but never into an insurance endowment plan due to the lack of liquidity.

In probably less than a year, you'll achieve your target then you start looking for a property for investment. The advise is go for new properties with DIBS and downpayment rebates.

if the apartment you're planning to buy is a must, due to working location or etc. Why not start with renting a room so that you could save more to achieve your target emergency cash...

Eh, NEVER use mutual funds to park your EMERGENCY RESERVES, excess cash maybe yes, but hell no for your cash reserves. Some well-proven low-risk funds (EVEN BOND FUNDS) have been hit in recent times, giving negative returns.

If mutual funds that invest/deposit in money market products like REPOs and short maturity bonds (look at AmIncome Plus, OSK-UOB Money Market Fund, OSK-UOB Cash Management Fund) still okay.

- deleted -
Pink stated it.. i missed it.

This post has been edited by wongmunkeong: Sep 9 2013, 03:23 PM

oi Unker Wong, sudah minum kopi belum? Ataupun u nak nikotin

coffee tongkat ali +hot kuci mamas (nicole tynn)

Eh - on serious note, personally even short term bond funds... i'd think not lor
unless one is crazed with 1 year's living expenses in emergency fund, then can 50% FD/Money Market, 50% short term bond funds
else.. bond funds a bit more dangerous than FD lor - $250K insured per person per bank wor

This post has been edited by wongmunkeong: Sep 9 2013, 03:36 PM

the apartment is a must since my family have been renting house for 3 years. My current rental payment is RM460, so I might as well buy the low cost apartment.
I would take around 10 months to build up my emergency cash reserve. (at my current rate of 1k per month) I will take this time to do more research on unit trust. By reading the basics, I just know about what are mutual funds and how does it works. I am still unsure bout which type of fund are classified as low, medium or high risk. There are also different type of funds that invest in different assets which I am still unsure of the implication.

Hi, im clueless about insurance. can help me sort it out?
-earning 3k a month (govt servant)
-willing to pay rm100-rm200/month for insurance
-I have a wife (currently unemployed) and a child coming
-looking for coverage and other best options

Hi, i need some financial advice, here some detail.
Working 1 year 5 month(Gov servant).
Net salary after KWSP deduction RM 2450

Monthly Expenses :
Car : RM680(fixed 9 year)
Insurance : RM180 (fixed-matured 30year, at 54years old)
Mom and dad : RM250
Food : 350-400
House rent + bill utilities : RM80
Petrol: RM50
Topup : RM50
Saving : RM500

Balance : RM260-310

Plan for marriage next year, desperate looking for fast money to support my weeding expense. Plan to loan RM30k-40k for final choice. Any extra money from loan will go for some investment like ASB.

Im not spoiled your wedding mood. Taking loan to get happy 1 day but suffer few year. Rm30 -rm40k not cheap and especially with your current paid.
My wedding i run below rm10k, talk to your wife.

The money spend can be safe for children education or buying house.

This post has been edited by felixmask: Sep 23 2013, 04:38 PM

how u can wedding below 10k? Dinner alone will reach 15-20k right..

Angpow should be able to covered all the dinner, drinks ..etc..etc
Invite only those whom close relatives/friends and usually their angpow
"higher" than normal /ordinary guest ..

This post has been edited by netmask8: Sep 23 2013, 05:19 PM

Hi,thanks for reply.
Its not wife problem, usually its parent-in-law issue. If budget enough should use around RM10-15k.. and the rest go to investment. I'm aware about house issue now with the price still going hike trend, desperate looking for a way to find good investment for my extra money left..


Err.. haha..

yeah you right, only if it can support back what i loan out.

This post has been edited by rOnnyJustrOn: Sep 24 2013, 08:37 AM

very small one...NO GRAND WEDDING DINNER. Only family member... Not thing to show off.
10K not only dinner, include photo + everything.

This post has been edited by felixmask: Sep 24 2013, 08:52 AM

haha..all kiam siap...when come money all go only their business.

I learn that never trust family in term of money...EASY DISTORTION and NO Return

Nowadays ppl tends to use personal loans to fullfill their plan. I thought already suffer with car and house loan....Wedding also get loan, renovation house also loan, later give birth also get loan.

dont forget STUDY LOAN..PR FAILED to abolish PTPN....

This post has been edited by felixmask: Sep 24 2013, 01:54 PM

PR shld lead as a role model in UNISEL
UNISEL is wholly owned and managed by the Selangor state government independently without funding from the Malaysian federal government (and is thus regarded as a "private" university as opposed to a "public" university. It operates from two campuses in Selangor.

Give FREE EDUCATION for all UNISEL students 1st, before proliferating (Or do the FREE talking ) to the rest of universities in PR-led states.. Never ever trust politician at ceramah.

Source =>> http://en.wikipedia.org/wiki/University_of_Selangor

This post has been edited by netmask8: Sep 24 2013, 04:40 PM

Cannot la like dat cos the money to hire lecturers and other admin fees come from where if give free edu in selangor?

But if take over gommen different cos they will have the power to allocate budget.

"Claimed" that Selangor is doing very well and rich per acct audit .. Hence, use portion/partial of the balance sheet
and start Abolish PTPTN in UNISEL 1st ( ROLE MODEL) and many ppls/RAKYAT will salute PR-led state..

Note:- Anyone can make empty promise at ceramah talks, but ACTION is more important..