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 Personal financial management, V2

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tcchuin
post Mar 17 2012, 02:06 AM

On my way
****
Senior Member
511 posts

Joined: Nov 2007
hi guys, I graduated from secondary school, and will be entering university in either july or september.

and now I'm working part-time,with income about RM 700-900.

after minus all the expenses, I can save about RM500++ per month.
I know the importance of investing earlier, and I've seen people saying that fixed deposit is not worth.

should I start investing by investing in funds??

thanks smile.gif
tcchuin
post Mar 17 2012, 01:21 PM

On my way
****
Senior Member
511 posts

Joined: Nov 2007
QUOTE(stupidbump @ Mar 17 2012, 08:34 AM)
U are sure gonna do well in future with this mindset notworthy.gif

I started later than u by 2 years.
In my first few years of savings, I invested 50% of total savings in FD, and the other 50% in shares.
I graduated from University with 50k in the bank.

I think u should first invest some money in investment tools and knowledge before committing yourself further.
*
what do you mean by investment tools? can you suggest me where can I read more about investing besides http://www.investopedia.com/ and here? smile.gif

thanks

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