anybody here can recommend me good finance books? I wanna read them during the holidays. I'm investing on myself!

hey nicholas, other than HSBC are there any other good banks where I can save my money? I finally realize the importance of saving and I want to create a new deposit account where I don't have the ATM. I don't want to self-sabotage myself!

How many finance/investment related books do you guys buy/read monthly?

Remember that you should '‘never invest in a business you cannot understand.’


Go read and understand all Warren Buffet's quotes here http://www.minterest.com/warren-buffet-quo...s-on-investing/

This post has been edited by izwanz: Sep 1 2011, 02:53 PM

Income

RM700 (Monthly Allowance)

Expenses

RM300 Food
RM200 Rent
RM100 Misc. (Utility bills, prepaid, bike fuels etc)

TOTAL: RM600

Balance/Pay-Yourself-First
RM100 to my HSBC Basic Savings account
--
I am a 22 year old student studying in a public uni in Shah Alam. I am contemplating of getting a health/personal insurance as I do not have one at the moment.

I have seen some policies by Etiqa, Pru, Great Easterns from as low as RM100 monthly premium.

I have looked at the disclosure policy but I am still confused regarding the coverage and this idea of getting back my (expected) investment returns. I understand that I can always add-on/rider once I start working. I personally consider myself as 'high-risk' as I use bike to commute everyday eventhough I do not have any dependents etc but the fact that unwanted incidents may happen anytime is always there.

I understand that my inbox will be filled up with insurance agents upon posting this but I am really interested to know what fellow forumers thinks from your own perspective regarding my situation.

Any ideas?

This post has been edited by izwanz: Oct 19 2011, 01:51 AM

Guys, any ideas when should one get an insurance policy? Is it a necessity? Takaful/Conventional? ILP?

If you are selling your property for the first time I think you can apply for a waiver. This applies only for first time sale. Go and speak to a conveyancing lawyer for more information. Insist on speaking a lawyer directly. Most of the times you won't even get the chance to meet the lawyer, only the clerks. This usually happens in big law firms, not sure about those law firms in shoplots!

This post has been edited by izwanz: Oct 23 2011, 12:19 PM

Hi guys.

I am currently renting for RM250 and my landlord had asked me to move out next month. Instead of continue renting elsewhere and paying the landlord RM300-500 for rental, don't you think I should just buy a unit instead?

I am thinking of acquiring a unit for personal staying around below RM140K. My pay now is RM2500 but will be RM3500 once confirmed. I have no commitments.

Please advise whether this is financially sound.

Thanks.

9 months but I am confirmed now. The situation is that I have zero savings. I think I should have that emergency funds at least 6 months then consider acquiring a unit. Renting sucks and sharing a rooftop can be difficult if you don't know the other occupants really well.

Tentatively the location is somewhere in Damansara Perdana. I think that is the only area within my affordability. My office is in Damansara Heights by the way.

Any ideas of a good mortgage plan? I am looking at the MBSB first home buyer package where you don't have to put down payment, but I am sure there's a catch somewhere.