I have read up on value investing, wb & FA stuff. but is graham as rich as wb?
more likely wb was at the right place & at the right time, something like li ka shing
otherwise, all of graham followers occupy the forbes top 100 rich list 

do u even follow wb method 100% or r u just cherry picking? 
furthermore, y dun u just follow what he buys & maybe can be the top 2 richest also
instead of reinventing the wheel & putting wb concept into bolehland context, it does save the work & hassle just to follow wb

doesn't want to set aside the collateral, and wants existing derivatives contracts to be exempted from the rules.
http://articles.moneycentral.msn.com/Inves...px?post=1747221

he states that his favorite holding period is forever
http://www.fool.com/investing/value/2010/0...fett-sells.aspx

wb does buy & sell, he does not keep EVERYTHING long term, remember ptr?
http://finance.yahoo.com/news/Warren-Buffe...104421.html?x=0

anyway, I not here to start a topic on criticizing wb! just that some of his followers r hypocrites, only follow certain things abt wb & not follow in full
I do not take things at face value after staying in bolehland for so long. if govt says vote bn is good for rakyat, do u do / dun agree?   
I read those anti wb to get a better perspective on investment & trading, which leads me to TA & etc

for bolehland, I just buy & hold those 1st liner & good track record unit trust. I dun trade much in bolehland
there are topics on securities, properties, unit trusts/mutual funds and fixed deposit, if someone would just use the search function
well, u can help those newbies out by showing them the way how u tackle this topic & get this topic back in track 

I didn't realise how hot this topic can be. How did we get sidetrack into TA huh? hehe..

Anyway, not to say whose right and wrong, just to sum it up, when it comes to personal financial management, different people have different knowledge, experience, perception, style, personality, etc. I guess what is right for someone may not be right for others. And it shows in this thread. There are some basic principles that applies to all but the approcah can still vary.

Some prefer Fundamental Analysis, some Technical Analysis, it is indeed part of financial management. And I guess there are very few who have spent years and years trying both and are qualified to judge both. I am definitely not one of those, so I reserve any criticism on Fundamental Analysis.

I guess I was seen as coming off too strong initially, such that it triggered quite some reaction, my apology. At the same time, ithe discussion has given me some important points I need for my presentation, thank you.
I welcome further enquiry as some of you have done through emails or even open minded discussion. I do appreciate that.

I look forward to participate in more open minded discussion.

for 3 minutes, just ignore the blue tag

i'm currently nearing my thirties. what i do and how much i earn shouldn't be important, rigth?

currently,

1. i maxed out my ASB investment
2. HP repayment about RM 800, another 2 yrs left  <-- my only liability, currently
3. property loan repayment = RM 2k per month, 9.5 yrs left

i've been saving almost 60% of my salary. my ASB goes from zero to max within 5 years.

i don;t desire many things but i still do spend normally - a new phone every year, this and that, fine watches, bicycles, gadgets, etc etc

now my big problem: i just don't have any idea what else to do with the money. pls help.

atm, i just dump my extra money into ASM or ASW which earns me about 6% return annually.

and to quote from a popular pop song "i wanna be a billionaire, so freaking bad... bla bla bal bala bal"

and oh yeah. i'm single. w/o insurance (never believe in insurance)

Hi Im a Diploma student from KDU, just graduated and now working as a chef in restaurant.I am earning about 1300+ after all the deduction of SOCSO and others, the problem with me is that I hardly keep track on my bank account because I know every time I go to atm i know there's money.In my line, I hardly go out  lepak with my friends due to my working hour (3pm-1am)...feeling not satisfy i will always buy myself beers as reward for myself, and also spend a lot on my gf and also stuff like computer thingy. Its really hard for me to save.

Hi Im a Diploma student from KDU, just graduated and now working as a chef in restaurant.I am earning about 1300+ after all the deduction of SOCSO and others, the problem with me is that I hardly keep track on my bank account because I know every time I go to atm i know there's money.In my line, I hardly go out  lepak with my friends due to my working hour (3pm-1am)...feeling not satisfy i will always buy myself beers as reward for myself, and also spend a lot on my gf and also stuff like computer thingy. Its really hard for me to save.

Hi Im a Diploma student from KDU, just graduated and now working as a chef in restaurant.I am earning about 1300+ after all the deduction of SOCSO and others, the problem with me is that I hardly keep track on my bank account because I know every time I go to atm i know there's money.In my line, I hardly go out  lepak with my friends due to my working hour (3pm-1am)...feeling not satisfy i will always buy myself beers as reward for myself, and also spend a lot on my gf and also stuff like computer thingy. Its really hard for me to save.

alright thanks a lot for most of the advice!

---

Added on October 15, 2010, 3:45 amoh ya my dad is calling me to open one gold account,so im wondering whether its worth it anot, after what i red on the inflation killer i think its good cuz i can see the gold's value is going up.

2 ways of conventional savings method when pay day comes:-

a) spend 1st.. then whatever left in payroll account are my savings
b) set aside an amount (it can be as little as RM100) on pay day... then spend whatever left.. even spend all also nvm, at least RM100 sudah saved.

80% of employees adopt method (a) .. this will NEVER work!! After 10 years, your bank account will still be ZERO.. TRUST me....

Bro, do yourself and your family a favour, go adopt savings method (b) ..... go sign up a forced savings plan... if dunno how, then PM me

2 ways of conventional savings method when pay day comes:-

a) spend 1st.. then whatever left in payroll account are my savings
b) set aside an amount (it can be as little as RM100) on pay day... then spend whatever left.. even spend all also nvm, at least RM100 sudah saved.

80% of employees adopt method (a) .. this will NEVER work!! After 10 years, your bank account will still be ZERO.. TRUST me....

Bro, do yourself and your family a favour, go adopt savings method (b) ..... go sign up a forced savings plan... if dunno how, then PM me

2 ways of conventional savings method when pay day comes:-

a) spend 1st.. then whatever left in payroll account are my savings
b) set aside an amount (it can be as little as RM100) on pay day... then spend whatever left.. even spend all also nvm, at least RM100 sudah saved.

80% of employees adopt method (a) .. this will NEVER work!! After 10 years, your bank account will still be ZERO.. TRUST me....

Bro, do yourself and your family a favour, go adopt savings method (b) ..... go sign up a forced savings plan... if dunno how, then PM me

on the bolded sentence, is this indirectly promoting saving investment?

u moron, go study proper english b4 pulling your gun !! If i were to promote, would i suggest him to "GO SIGN UP a forced savings plan??"  ... I work with a bank for the past 15 years, thus providing sensitive/insider info on reducing my bank's profit shld not be done in open forum!! .. hence, PM ... but to think of it, ppl like u dont deserve my knowledge

My my, what rude words. You are asking him to PM you, if you are not promoting, just write the info you wish to help in the forum for the benefit of all. And also you are implying you work in a bank, and by giving some information on the so called savings plan, you can affect your bank's profitability? Most bank/insurance post details of such plans on their website, what is so secret about it? In fact most banks/insurance have better profit selling savings plans than deposits. I pity the bank that hire you. 

u moron, go study proper english b4 pulling your gun !! If i were to promote, would i suggest him to "GO SIGN UP a forced savings plan??"  ... I work with a bank for the past 15 years, thus providing sensitive/insider info on reducing my bank's profit shld not be done in open forum!! .. hence, PM ... but to think of it, ppl like u dont deserve my knowledge

u moron, go study proper english b4 pulling your gun !! If i were to promote, would i suggest him to "GO SIGN UP a forced savings plan??"  ... I work with a bank for the past 15 years, thus providing sensitive/insider info on reducing my bank's profit shld not be done in open forum!! .. hence, PM ... but to think of it, ppl like u dont deserve my knowledge

Hi Im a Diploma student from KDU, just graduated and now working as a chef in restaurant.I am earning about 1300+ after all the deduction of SOCSO and others, the problem with me is that I hardly keep track on my bank account because I know every time I go to atm i know there's money.In my line, I hardly go out  lepak with my friends due to my working hour (3pm-1am)...feeling not satisfy i will always buy myself beers as reward for myself, and also spend a lot on my gf and also stuff like computer thingy. Its really hard for me to save.