Meaning ?

Prudent financial management entails keeping AT LEAST 6 months of your net income or monthly expenses in liquid form (cash, savings accounts, short maturity instruments, FDs etc)

I kept mine in FDs and conservative bond funds

I reserve my emergency reserve of 6 months of my gross income in cash and cash convertible excluding unit trust or any trust account.

Dave u...GROSS INCOME? Worse than mine

What "cash convertibles" u having? Can share?

Mine is in AmIncome Plus (which invests in high-grade bonds with maturity of less than 2 years) and OSK-UOB Income Fund (a fairly conservative bond fund, even more conservative than AmBond)

Wah you guys really put banyak buffer la. I only based on my 6 months expenses...

Dad not working and got no savings, I simply had to

This post has been edited by Pink Spider: Jan 20 2013, 03:14 PM

Bro.. I am proud of you!

Bro same as you. Parents not working and no insurance.

Cash convertible and/or cash equivalent: basically saving account and FD.

Ckit-ckit lama2 jadi bukit bro keep it up

Was there an announcement on General Election this morning?
KLSE Index fell 1.5%+/- this morning 10am+



Attached thumbnail(s)

Too little

Kasi jatuh sampai 1450 baru cantik

wah.. that's more than 10% drop leh.. in one day, max drop 10% only & KLSE's short-circuit mechanism will kick in & shutdown KLSE wor.
Thus technically can't drop to that level today

BTW, now (ie. lapsed 10 to 15 minutes data) 1.68%+ down
I'm getting "stimulated" here heheh

This post has been edited by wongmunkeong: Jan 21 2013, 11:51 AM

Of course not in 1 day lar...that will be havoc

FINALLY, my ammo for buying dividend counters is itching for some action

IT HAS BEGUN...

This post has been edited by Pink Spider: Jan 21 2013, 11:56 AM

Axiata, Digi, Maxis , PBB & Maybank aiyoo...all red!! on sale ?

haha.. -2.28%, takut nyaaaaaa

2.28%...more...more...

Hi pink spider,

Your Local UT fund wont drop together KLSE lau sai....? except you hv switch to bond fund.

I think Pink looking for long term.. this time drop also no prob. Most important can buy low soon...

I am more "takut", most of my equity fund is malaysia one and haven't shifted out yet.

All sifu, should I shifted out malaysia equity immediately or wait for more drop then buy somemore. FYI, my malaysia based UT still in loss, that why I don't want shifted out yet.