Hi to all seniors here, I've been following few threads mainly on investment but it's kind of puzzle for me the differences between equity fund, bonds & shares,mind differentiating for me?

Was introduced to REIT recently & interested to take up but the procedures of gettin one, since I'm having account with MBB & when browsing through the homepage, understand they have similar facility as well; do I walk in to their investment bank outlet for opening an account?

Since I'm rather new into this, was advised to get a broker or similar in guiding me for initial stage, what's your take?

Thank you in advance for enlighten me on the above

Phew.. Not easy to read thru the links, getting the hang of it now

If my current earning is 3.4k, what would be the reasonable portion for investment?
Havin commitment of 1.8k for house, med card & parents insurance; at least 3mths salary in FD For back up


This post has been edited by Rich_Lim: Jun 23 2012, 01:35 AM

Thanks Auron for the response
Broker just called few days ago, all ready to trade but the link you shared broker will delegate or assign me a remisier? The broker told me I can contact her for anything

Sure thing thanks again

Wow, reading how you all save and the % saving from monthly salary it's very scary! I'm afraid my line of job wouldn't allow me to save by havin simple meals & no entertainment at all... Yet bravos to you all

Of course from time to time I skip lunch as well but I tend to have gastric prob when I do, in addition I'm in healthcare line too so wouldn't want customer to see me as sick as them now I'm starting a new phase of life as someone's husband so every things change, it's no longer only my prob but as married couple's issue to solve..

Maybe like you say, the burning desire is not that great yet or more like I'm getting into the comfortable zone, when te real commitments havent come in yet

I'm so going to get flame for this: YOLO guys!
IMHO, even if the kid is born with golden spoon, it's the kid choice to either live hanging on parents wealth or build their own forte,no? Conveniently most but not all of the new generations nowadays choose to live easy and worry only when trouble comes
So this is a very personal issue thus we are back here, personal financial management

BTW, there's lots of definition of successful as well so when I read this guy living 27y.o and already worth 15mil and I'm 28 barely having 1mil in acct so do I have to feel bad for myself? Well maybe to certain extend but hey, if everyone is unique otherwise we will be living in a world filled with nothing but template

Yup, David 83 is right... Can start from per acct 1 if I'm not wrong, UT charges is lower

Or make it auto credit from your saving into another acct or bank that being said, proper budgeting still the best solution