for fresh grad, which 1 is better:
6 mth salary for emergency fund -> max out asb -> start investing (FD or PM)
or
emergency fund -> monthly deposit on asb with monthly investing (DCA) in PM
Personal financial management, V2
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 Jun 25 2011, 08:52 AM
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Senior Member
2,588 posts Joined: Jan 2003 From: KL-Skudai  
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Jun 25 2011, 09:04 AM
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#2
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Senior Member
2,588 posts Joined: Jan 2003 From: KL-Skudai
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QUOTE(dreamer101 @ Jun 25 2011, 09:00 AM) mfa333, alright, afterwards, where should the spare money goes?If you are BUMI, after Emergency Fund, your first 200K of investment should be in ASB. PM is not as good a deal as ASB. Dreamer  and, what do you think of taking 200k loan and put it to asb? is it a wise choice? bank rate is 4.95% and asb rate is minimum 7% (mostly 8-9%). |
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Oct 14 2011, 03:10 PM
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#3
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Senior Member
2,588 posts Joined: Jan 2003 From: KL-Skudai
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QUOTE(xproc @ Sep 7 2011, 09:27 PM) any good investment book/website to recommend... starting to learn about financial management.... You could start with 'Rich Dad Poor Dad'. Good personal finance book for starter.Added on September 7, 2011, 9:34 pmbasically my net income is from my salary job (about 3k after deduction) then minus expenses is about 40% to 60% leftover in my SA which I consider as savings since i dint used the money, haven't brought any insurances/ fund/ FD etc... looking for knowledge how to manage my finance since i have extra each month and i think its better put it elsewhere rather than spend it or put it in bank... just open GIA at PBB, maybe put more money in it coming money, keep survey and look to the market... |
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