erm... i'm a saver but not an investor (still learning)
My target is to have bout RM2k passive income monthly at least... and free from loan 
Study loan: Will settle latest by oct 2013
Car loan: Finish by 2013
Hse loan: NIL - no hse    my biggest headache LOL

still looooong way to go to financial freedom!

Hi lowyat,

I'll be graduating soon and I have saved RM13,000 in my account. All my life I've saved all my duit raya, and I got a part time job while at uni. I help senior (read: middle-aged) students write their papers, assignments, thesis etc. I'm also quite stingy so I never buy anything that's not necessary. So what should I do with the money? So far I'm thinking of either saving the money (duh!) or using it to fully pay my PTPTN. I borrowed 12,000 from PTPTN but since it has no interest, maybe it would be better for me to use the money for other important things. Any Advice?

Thanks!

hi squares90,
  
Well done with your saving  , as not many graduate think about saving after graduate.
Remind someone, no car, no laptop, no internet, no smarphone n etc after working 9 year till now.
I cant tell which the best for you but there is few type   i can suggest. Is your pick 

1) FD - RM or Foreign currency
2) UT- Equity , Bond , Local or Froeign
3) Stock
4) Forex
5) Property
6) Start Own business
You need to find out the Risk and Return each type.
This only starting, after you go thru the forum, your investment need to thru above choice. 

No, this a wrong mind-set. Not all debt are bad, so should not get rid of debt at all cost.

If the cost of your debt is cheap, you should not repay your debt even you have the cash. Let's other people's money to work for you.

Hi guys,

I am near 30s and got burden with house loan of 30 yrs. Can investment really make someone rich?

So in other words, you mean investment cannot make me rich but just to keep up with inflation?

Wat is your current investment strategy? So far I upgraded from FD to Unit trust for long term invest. But I know it cant make me rich cos is for long term and I dont even know what the use of having more money 20 yrs later lol

What i need is money now or maybe 3-5 yrs later

hi guys im pretty impress by the ah kaos & unkers in kopitiam stories

bt dun uu guys think living prioritising the future while forgo things uu can do in the present is kinda sad?

life is short & we cant bring wealth to the nxt world.
wt do uu guys think?

Nice to meet someone wif similar journey. Do you have a strategy how u will settle your house loan quick? Maybe can share

wow so hardcore!!

HOw much cost your house loan? How long u been in the hobby of invest?

Investment banker or brick layer, it doesn't matter.

You must work hard and be the best in your field, so long the field you are in are skilled and are in demand.

Even the lowest brick layer can earn millions by starting their own company and possesses the right skills demanded in their industry. Point is expand your skill as much as possible in your work. The key is knowledge.

Same thing as in investment. You have to study and know and be skilled before investing.

The best investor treats their investment like a job. It takes effort and sweat to be a good and fruitful investor that makes money whether the economy is up or down.

wow so hardcore!!

HOw much cost your house loan? How long u been in the hobby of invest?

Manage risk as in know the investment that you are going to invest in. Do research first before committing your money, whatever the asset class you choose to invest.

Do your own due diligence, not based just on rumours or other people's recommendation. Simple really.

Making money is not easy. You must put in the effort and do your homework to minimise the chance of losing money.

And yes, There is no such thing as high returns low risks and also There is no such thing as free lunch. Ignore that at your peril.

Unless you are bumiputra of course....

Well, look at this way. If you are good in your job and took the effort to get recognised, you skills will be in demand and then you could demand higher and higher salary. And if good enough, start your own business and make millions from then on.

Investment to operate at the same way. You start small, learn the tricks and manage your risks well, and you will do well.

Point is, treat investment like your job. Excel in it and put in the effort, and you will do will either way.

u go all out on stocks?

It is easy, go understand the value investing strategy. IMHO, it is a row risks high return strategy for investments. The principal is to understand that value is what you get and price is what you pay. When you buy at cheap, your risk is lower with potential to earn higher return, of course you should be the non-believer of efficient market hyphotesis.

For example, most normal investors would think a share that drop from RM100 to RM10 (drop by 90%) is more risky than a share drop from RM100 to RM50 (drop by 50%) due to volatility. However, I look at da ifferent angel that there is more room for RM50 to drop to RM5 (drop by 90%) than RM10 to RM5 (drop by 50%) and thus more risky to buy at RM50. So buying a share from RM100 to RM10 (drop by 90%) is having lower risky than a share drop from RM100 to RM50.

When the share price bounce back from RM10 back to RM100 (appreciate by 1000%) and making profiting than if it was to bounce back from RM50 to RM100 (appreciated by 200%).

This is what I am emphasising on low risk high return.

Hehe, no. I do not share my investment, I only share my opinion and investment framework.

Share with u my method...

With 12K, I split:
3K for 3 months
3K for 6 months
3K for 9 months
3K for 12 months

When the 3 months FD mature, renew to 12 months
When the 6 months FD mature, renew to 12 months

So that u will have a 12-M FD maturing every 3 months

Hey Felix kitty

I had thought of that too

In addition to FD, I also have 2 months worth of net salary in a money market UT fund. Thus, I'm comfortable with the 3 months gap between FDs.

You see these years we only put into FD and ASB already know we are conservative, rite? Recently, we have thought into shares and properties. Had surveyed properties and the price is expensive and seems some sell like hot cakes. All sold out.

We will definitely will not touch the 16months emergency funds, we will newly start to save again for any further investment.