I wonder what the "H" in IMHO stand for too.

for fella investor, just wanna refresh what dreame101 has said before.

Before you even think about investment,please make sure that

-you are debt free, no credit card debt,no car loan,no personal loan,no bank loan,no study loan,etc(Housing loan is an exception)

-make sure you got your bucket 1 and 2 money ready.a person got 3 buckets of money.the 1st bucket is the money for everyday use in order to keep your well being like food,bills,rent etc. save the bucket 1 money enough for you to survive 6 to 1 year without working. example,your current salary is 3k,save atleast 3k x 6 months =18k for your bucket 1.

-bucket 2 money is the money for your long term goal that you may not want to put at risk.such as downpayment for you car and housing loan,your wedding expenses,saving your business capital in 3 years later,etc,which you want to put in a very little risk savings vehicle like FD.

when you are virtually debt free,and have your money filled in your bucket 1 and 2,than only you can start to think about investment using you bucket 3 money, which are any access money other that you can put risk into it, and you dont need the money for a long period,say for 5 years time.

why this is very important? remember no such investment is risk free! supposed you invest your bucket 1 and 2 money to invest and your investment goes bust,what are you going to pay for your everyday expenses and future goal?BUT NEVER EVER TAKE LOAN FOR YOUR INVESTMENT! this is very important if you want to sleep at night without worrying your investment.

thats the very 1st step before you even think about investment.it may sound easy,but 85% people cant make it.

that's not practical for malaysian. no one will be doing investment if that is one of the requirement

well,think about it again.
if you cant even save the basic,dont even think about investment. this is why people committ suicide when their investment failed.

they invest all their hard earned money and when it goes bust, they owe the loan shark, they owe the bank, the wife run away with kids, he got no money, house tarik by the bank, no car,jobless, lost faith in life, better go die.

sad,but true.

you can start savings step by step, some advice are,

-dont apply credit card.
-make savings a habitt,you can start to save your 10% to 20% of your monthly income.bank in the 20%money to different account than the one you always cucuk at ATM's.
-have your salary straight away bank into your account. dont take cash in your wallet,or you will be tempted to use it.
-save any extra money you have rather than spend.for example you got 200 salary from 1k increment, now you know that you can survive with 1k,so save the 200.
-sacrifice a habitt, if you used to buy shirt every month, try to buy once in 3 month.

there are still a lot of ways to save money,live a frugal life.but dont over do it.treat your self once in a while.

i save 6 month salary with just working 7 month,but it's not fair compare to you all.my food and accomodation is free. i dont smoke dont drink no car no girlfriend no entertainment.try to live my style.hehehe

This post has been edited by ah_suknat: Aug 17 2006, 11:39 AM

Ky_khor,

Go and check out the salary thread. There are people that earn 2K per month and save 1K per month.

Dreamer

i understand that. but for most of the ppl even if u save 50%, u still can't buy car/house without loan. and starting the investment only when u cleared the debt would be too late.

the rule of investment(in fact,not only investment,but the rule of life) is,
better be late than sorry,biar lambat asalkan selamat.

dont risk your money if you cant afford to lose it. investment is not a must to achieve your goal,but saving is.

as i mention before,ask your self this question,can you afford to take RISK?

but this doesnt mean that poor people canot invest,you have to run out off your own rat race 1st.you are not working for money,money work for you.

the price of gold is very high in the market...has been raising up twice as much as the previous two years...not really advisable to buy gold now.

This post has been edited by kubrick16: Aug 17 2006, 12:16 PM

what kind of investment u recommend for begineer?

i recommend you save money 1st.

have to save until how much??Need a target then i will know how much to save a month.

In my opinion a person should start thinking , evaluating and educating one self about the various investment or trading vehicle available. It better to start early even when you don't have the capital to start. They can try paper trading, and if they are profitable they can sell their services, as a Fund manager perhaps. Not getting involve or thinking, just because you have no money is not a valid reason for learning more about investments and trading. Finally if you can't make a cent in paper trading never trade live, you won't survive.

Ky_khor

1) Read carefully, we had said time and time again housing loan is the exception.

2) For car loan,

A) You are paying the bank effectively 6% to 7% interest every year.

B) The only kind of investment that will earn more than 6% to 7% is highly risky.

So, does it makes sense to pay (A) or do (B). Which one is a better return for your money?? Of course (A), it is risk free. But, the problem with most people is they have no idea how much interest that they are paying to the bank. They tied themselves up in a 9 years loan. After that, it is too late. They may get hit with penalty payment even if they payoff the loan early.

Dreamer

what you have said it's true, we can start learning ourself about investment before we had the money, now there's some internet investment education provide investment simulation, or better still doing paper investment without putting money in.

but as human being intend to be tempted very easy,especially when it comes to money. if they success in simulation investment, they will think they are smart enough to invest in the real world. without hesitation, they risk their life boat money(which i mention as bucket money 1) to invest.
as we know,no such thing as risk free investment.people should educate themself how to survive the basic 1st,you dont run when you dont even know how to walk.

FD

Dreamer

What are you saying dude? You are contradicting yourself.

That's true man. The only requirement I know if you want to trade is $$$$$$.

how much is the minimum for fixed deposit??How many month is more recommend??

1 year FD has the best rate at 3.88%. The minimum is 1K.

Dreamer

which part you dont understand?

This post has been edited by ah_suknat: Aug 18 2006, 12:52 AM

hm..there is a lot oppurtunity out there for investment..for me as 20 yrs old student i invest my money in ASB, Koperasi Tentera, Online Investment and now im applying for Lembaga Tabung Angkatan Tentera..i study at military academy

first and foremost is how u manage your manage..same concept in how u manage your time..
just my 2cent