like how high if you put in large sum?

only 0.1 - -" wasting time to talk even

no bank is going to bankrupt.....atleast i know government will try to prevent this from happening............

if 1 bank goes down....there is a possibility that MY economy might go down as well

lol...what r the chances of 3m go "kaput" just like that ~~~~

if i have that kind of money i would rather put in overseas type of bank than local 1.....example....hsbc or citibank....those 2 r giant.....not like im worrying about local going bankrupt or what .....just that i like those 2 rather than small fry bank =x

lol....i know C(stock quote) is not doing well the past year...but atleast i know...if citigroup goes down so is almost every 1 else......"grin"

im not that greedy...only 1m in fd i can retire already

well...if i live like you 1m of coz not enough wakakakaka

but my lifestyle is very simple eat,watch tv,eat,watch tv....sleeep.....next day start all over again

1m 3% is like 30k per year....around 2k++ per month.......now already trying to find a way to generate "FREE ENERGY" so....its enough for me

@tinkerbel

no la.....what i mean is living in modern life ....friends = money, entertainment = $$ 'grin'

well...i m below 25...i already calculated........1m is enough for me to retire.....inlcuding all possible expenses.....

1m in fd....not 1m cash alone.......

income from fd enough to support daily life still have enough to reinvest

This post has been edited by dr2k3: Jun 26 2008, 12:00 PM

@tinkerbel

no la...what i mean friend = $ because friend = entertainment

and entertainment = $
i not say friend suck ur money

i got 1 cousin have plenty of friend......breakfast find friend yumcha
9am tea break find friend yumcha
then 3 am find friend yumcha....

or sometimes friend find him

even tho is sometimes his friend pay ......its still extra expenses

@jeff

lol...because u want things so much 1m is not going to be enough for you

luckily i dont like cars

1m in fd is 2k+ salary per month....not enough?

not my friend la....my cousin friend....

just curious what u spend until 2k+ monthly is not enough.....

2k 30 years? u think 30 years interest rate wont change? if interest rate wont change then 2k for another 30y is possible

how much inflation going to eat into ur saving.....

i calculated 1m 3% fd its like 2.5k monthly
if i calculate using 3.7% its like 3k monthly

i calculate like this......1k food 400 electricity.....20 water 20 gas....100 internet 100 phone ...u can add more...thats just like 1.6k still have 900.....1year u have 10k extra

10k deduct 1k on chinese new year cloth,shoe.....door tax.....road tax........what more?
5k on oil(over estimate)....optional......basically this is not going to be my problem., looking for alternative rather than oil
smoker 2xx per month 2k+ per year so i make it 3k per year on cigaret (i dont smoke)

still have 1k extra
another 6k if ur using 3.7% rate

then maybe 6k go for vacation?
if inflation really eat into ur monthly 2.5k or 3k then no vacation lo....dont go out that much lo....quit smoking...since its bad for ur health

not to mention u still have 1m sitting in ur FD

*i m not saying FD is ur solution to retirement.....i just saying 1m in FD is enough for me*

*there is alot more investment out there with higher yields*

This post has been edited by dr2k3: Jun 26 2008, 01:44 PM

100k 0.1% is 100 la ~ ur math failed

erm....dun use car as example (material increase car also increase, most speculator trade this kind of comodities)...as its a big amount....if u buy an expensive car when u retire (no job) thats not a good idea.....car value drop very fast....in fact...they drop once u use it

u should use food instead.....i've no idea whats the price is 20 years ago...but 10 years ago when im student...the price of food is not much diff than now....only increase by duno how many %

even if food rise 200% in 30 or 40 years.....u will still have alot spare

just now i give alot example.......5k from oil....this figure i use is base on working people daily travel....since u retire there wont be such number

if ur non smoker...extra....

as for medical fee....i eat healthy......mostly vege.......and since u r retired u r mostly free from stress, usually stress is the main cause of all diseases

let say u sick every year( duno how u live if u sick every year that need high fee).....8k every year enuf?

like u say 30 years ago diff....so is interest rate...it might be diff later in 10-30 years

2k-3k become value of 200-300? that only possible if MY economy collapse again.....currency depreciation...

This post has been edited by dr2k3: Jun 26 2008, 05:53 PM

well..u be healthy if u change ur lifestyle/eating habbit

i saw on TV a prof got 3rd stage cancer.....cancer cell spread to other body....to doctor thats like death

but he change his eatting habbit.....and he actually recover from cancer.....

now he is a famous.....erm...what do you call that specialise in food thingy prof

lol....

the way i live and how i calculate thiing im actually a pessimist

i just belief in statistic

erm...maybe i use wrong word

i did not goto college or uni....no $$ =/

well..now i self study on investment thingy......very interested in stock market n stuff...ofcoz not malaysia stock market.....low liquidity....

low liquidity how to say...erm....cash = liquid

not much cash flow....the price wont move much....or no volume

hard to explain...not good with word

i know US and UK one is.....

watch malaysia stock market i wanna sleep sometimes

erm...liquid......

in US or UK stock market....i can execute buy order and instantly i got buy or sell

i try in malaysia stock market contest last time.....i can only put ...pending order? maybe 10k lot.....maybe only 1k executed....or maybe later then another 3k - -"

hehe duno.... i like instant rather than wait.......sometimes price went above my order n my order never executed....maybe i duno much about malaysia stock market

well...there is alot of reading material available on the net

@tinkerbel

erm....its seems most of the things i read is quite logical...so i belief everything

its just term....and logic....nothing much not to belief

@netcrawler

that is prob NZD currency

i would not suggest put foreign currency fd in PB


This post has been edited by dr2k3: Jun 26 2008, 10:59 PM