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Personal financial management, V2
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lucifah
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 Sep 27 2010, 11:13 PM
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St. Fu
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for 3 minutes, just ignore the blue tag
i'm currently nearing my thirties. what i do and how much i earn shouldn't be important, rigth?
currently,
1. i maxed out my ASB investment
2. HP repayment about RM 800, another 2 yrs left <-- my only liability, currently
3. property loan repayment = RM 2k per month, 9.5 yrs left
i've been saving almost 60% of my salary. my ASB goes from zero to max within 5 years.
i don;t desire many things but i still do spend normally - a new phone every year, this and that, fine watches, bicycles, gadgets, etc etc
now my big problem: i just don't have any idea what else to do with the money. pls help.
atm, i just dump my extra money into ASM or ASW which earns me about 6% return annually.
and to quote from a popular pop song "i wanna be a billionaire, so freaking bad... bla bla bal bala bal"
and oh yeah. i'm single. w/o insurance (never believe in insurance)
This post has been edited by lucifah: Sep 27 2010, 11:28 PM
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lucifah
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Oct 1 2010, 07:59 PM
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St. Fu
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QUOTE(gark @ Sep 28 2010, 09:42 AM) 5. Property - Property with good location can be a a good income generator provided you get at least 6-7% yield. If you did not pay for an overpriced property, with the yield above, your property loan can be fully serviced by your tenant. At the end of your loan period, you get the property for free, and bonus for capital appreciation. However there are risk of your property not rented out and if you choose to buy in a poor area. waiting for property bubble to burst before going on a spending spree...  |
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lucifah
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Oct 3 2010, 12:12 PM
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St. Fu
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I've decided.
I'll raise my property loan repayment so i can save on interest
currently, the best of ASN or ASM or any AS is around 6%, which is lower than the current BLR
so what say you guys?
waiting for property market bubble to burst is like waiting for uncertainty, which may or may not happen
anyhow, speaking of property, i prefer buying shoplot (with good location) rather than houses as they appreciate faster and is more liquid. only thing is the interest rate for the loan is much higher than homeloan (yeah, i know there's a way around that by re-mortgaging your house)
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lucifah
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May 13 2013, 12:37 PM
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St. Fu
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QUOTE(mattkerr @ May 13 2013, 12:08 PM) Hi, If anyone in this thread needs free financial advise let me know. I work for IPP one of the largest independent financial advisor groups in Asia and we offer free advice and servicing for all clients. So if you are stuck drop me a pm or email me mattkerr@ipp.com.my and we can arrange a sit down. All the best Matt that was my situation 3 yeas ago, LOL! now i can hardly find any time to spend my money  |
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lucifah
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Jun 7 2013, 05:54 PM
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St. Fu
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QUOTE(JOANNE2012 @ Jun 7 2013, 05:53 PM) Hi, you can invest unit trust, for long term investment, rate of return is 8 % 8%? guaranteed? |
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lucifah
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Jun 7 2013, 06:13 PM
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St. Fu
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QUOTE(JOANNE2012 @ Jun 7 2013, 06:05 PM) for conservation calculation, long term inverstment, can accept and take moderate or aggresive risk. So,rate of return: 8%, sometime more than 8%(i am not guarantee this, depend of fund manager them how to invest) meaning to say it is guaranteed at least 8%?  |
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lucifah
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Jun 7 2013, 06:14 PM
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St. Fu
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QUOTE(OptimusStar @ Jun 7 2013, 06:01 PM) I dont think there is any guaranteed investment. ASB, ASW2020, ASM are some examples |
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lucifah
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Jul 22 2013, 05:17 PM
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St. Fu
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QUOTE(aciezam @ Jul 22 2013, 04:22 PM) Dude, believe me if you don't take medical card during you are young and healhty,maybe someday you will regret. We are not getting younger and healthier, same like car and other gadjets, their condition won't be the same after 5 or 10 years. If today you are healthy and enjoy your life but tomorrow maybe it's different.Trust me, I've been there. when I've been diagnosed for slip disc in an age of 25yo , I cannot do my job anymore, I lost my job, plus I had to do physiotherapy and so on. luckily I've medical card,if not i'm sure my saving was already ZERO in 2/3 month. I think for your income right now,I don't think it will affect you at all for having a medical card. What I say is for our own precautions and for a better future. cause we don't know what will happen tomorrow. sorry for any inconvinience. pm me if interested:01116047231 LOL. that was 3 yrs late. now it's a different scenario...  |
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