hi there

ill be turning 25 this year with a networth of around 360k. im having a dilemma on whether should I be buying my own home at this point of my life.

100k in stocks
30k in FD for emergency funds
50k in savings account
160k valued investment property with 120k mortgage
80k in my online trading account
60k in other businesses

atm i am paying rent of around 1.7k and i see myself getting married in the next 2 years or so and would like to get a house of my own. The problem is my income is not really secured as I am basically self employed, however im pretty sure that I can make ~10k average a month in a bad year.

Also the property prices now are just so high that if I were to get a nicer condo around klang valley it would cost around rm5-800k. With 10-20% downpayment + renovation etc i am looking at forking out 150k-200k @ 10% downpayment which as you guys can see is a huge chunk of my finance. I would have to withdraw a large amount from my stock account + savings + FD just to get my first home.

The way I look at it, my cost is not only the 150-200k but also the opportunity cost of being able to generate more from investing in stocks, businesses etc

But, i do feel that I have to get my own house sooner or later and better now than later right???

Also i am not sure if malaysians can get income tax breaks from mortgage interest payments... maybe someone can help explain abit about malaysian tax law involving mortgage/property

any insight would be much appreciated

Hi there,

I want to ask about asset allocation and what is best for me current situation. I work online as a trader where my income is fairly swingy but have shown a good income over the past 5 years. The only debt I have is 120k in a property mortgage.

Atm my plan is to invest 80% in funds and 20% in selected stocks. However I really have no clue as to what funds are available to me and what my options are (maybe someone can point me in the right direction to do my own research?). Reason why I want to have such a lazy portfolio is that I work on the go all the time and rather spend my time pursuing other ventures and leave the work to the professionals.

I always hear about vanguard indexes and i know they have a branch in singapore. Not sure how does it differ from the local mutual funds and unit trusts accs.