May 4 2011, 03:08 PM
QUOTE(SilverfoX @ May 4 2011, 11:30 AM)
10k is not a huge sum, but its not a small amount either. I would suggest you keep these cash in your FD as emergency funds.
Your priority at the moment is to concentrate in your studies, get good grades and graduate with impressive academic results.
Educate yourself on financial management and investments, there are many good books out there written by experts themselves. We malaysians are lucky as we have a few good local financial gurus i.e. azizi ali, milan doshi, yap ming hui, peter chia etc. Start reading and learn about different investment vehicles.
Once you graduate and started working, chart down your monthly estimated expenses and income, aim to save about 30-50% of your monthly income. Then use these new earned money for investments. i.e. stock market, unit trust, properties etc, depending on your risk appetite.
Don't worry too much, you should invest in yourself first. Things will come clear eventually.
Just my 2 cents worth of opinion, hope it makes sense.
All the best.
Your priority at the moment is to concentrate in your studies, get good grades and graduate with impressive academic results.
Educate yourself on financial management and investments, there are many good books out there written by experts themselves. We malaysians are lucky as we have a few good local financial gurus i.e. azizi ali, milan doshi, yap ming hui, peter chia etc. Start reading and learn about different investment vehicles.
Once you graduate and started working, chart down your monthly estimated expenses and income, aim to save about 30-50% of your monthly income. Then use these new earned money for investments. i.e. stock market, unit trust, properties etc, depending on your risk appetite.
Don't worry too much, you should invest in yourself first. Things will come clear eventually.
Just my 2 cents worth of opinion, hope it makes sense.
All the best.
THANK YOU SilverfoX,
I'm going to forward this to my teens. The key point is INVEST IN YOURSELF FIRST... what a gem of wisdom.
Hi howszat and baoz,
I see hope in the future when young people start thinking about their future, instead of playing computer games like there's no tomorrow.
I'd like to encourage you and add on to SilverfoX's thoughts...Instead of worrying about the future, begin YOUR Dream today, dream BIG and learn all you can - remember no learning and no experiences are ever wasted. More importantly, don't let your passions slip away. Life is similar to the stock market - whatever goes up will come down; and whatever goes down and when it hit rock bottom will certainly bounce back one day. Never ever give up.
Please view The Power of Possibility Thinking (flash) - A powerful short presentation created for all who wish to be all they can be.
On future investments, no harm learning about it now. Gold is a good option. However, an important question to consider is how much to put in any investment instrument as they ALL have risks. Never put all your eggs in one basket. Diversify. Read How Much Gold Should You Buy? -- this can be applied to other investment instruments.
All the best in your future endevours. I sincerely believe you'll go far as you are thinking ahead. You will naturally work towards it. It's one of the Laws of the Universe.
This post has been edited by PatEagle: May 4 2011, 03:19 PM
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