Nope. Don't think so. Neither his portfolio or NAV has anything in the region of >RM1mil. If u read his historical posts you might understand.

er.. why bother arguing logic/maths with the illogical + hunting down historical illogical posts ar?
Do like Frozen - let it go... let it go..

Eh, ru going for the RHB Private Equity Opportunity Fund 1?

Minimum investment RM100,000
Big shark spotted

Hey guys. Cut it short
Im 25 y.o
work in SG
meleis
salary+allowance is around 2k.

Got no loans, not monthly commitment. use money just for piap2

Help needed for investment.. all the 2k is spendable.

saving have 10k sgd. work almost 2 years.

GUIDE ME MASTER!

Only u can afford la. Me small fry.

nah, i'm now consolidating my paper equities to my US TOS a/c for doing covered calls - to reduce costs basis / increase yield. must bite the bullet liao - bleeding 1.5%pa to 2%pa for management fees banyak sakit

Your level nothing to worry ma. Ure same level as Kengyan rite? NAV RM20-30mil. Just dump RM100K of your pocket money in RHB PEO Fund 1.

>=RM10M is my lalaland target leh... if RM20-RM30M.. that waaaaaaay exceeds my lalaland liao heheh
i wish.. sigh..

Guide you what? Morally or financially?

Since this is a personal financial thread, and contrary to what some would think, it is not about personal loans. It is about budgeting one's salary to live within the salary.

And it is also not about how to do investments, as 'investment' has a wide interpretation and open to all sorts of ideas and opportunities which usually are discussed under its own individual threads, like setting up a bird nest house, selling at pasar malam stall, taking a franchise, opening a budget hotel, etc etc.

So, personal finance is about managing one's living expences and the leftover of the salary - which is the month savings; and how best to manage the savings.

So, first things first, S$10k in about 20 months is about S$500/month, would only looks good when converted to ringgit. Is this S$500 your monthly savings every month without fail?

Can it be more? What amount do you need to set aside for some festive annual expences? What amount can you set aside for long term, ie retirement when you are no longer working and depending on it as a source of income, to supplement the money in CPF or EPF? What amount of money do you had in mind for the next several years, like for marriage, funding the deposit for a house or a holiday?

And most of all, how much money do you need to put aside - money that will not be touched, in case you lost your job and this money will tie you over for at least 3-6 months (depending on how fast you think you can get another job) while being jobless?

Think about these 'savings' first... then ask again on how to manage* the savings.

(* I'm using the word 'manage', as oppose to 'invest'. Pointless to point out all the investment opportunities in the world if they are not open and accessible to you.)

We need to move away from the conventional way of 'saving'. During our parents time, we were always told 'save a portion of our salary'.

But now, u cant just save anymore. Saving just like that doesn't work when ure dealing with high inflation. Your savings are being eaten by inflation daily. Most ppl think that inflation in Malaysia is just 3% so FD rates can easily offset that. But that inflation figure is taken by comparing the most expensive place in KL with the cheapest place in Sarawak. Very misleading I must say.

Realistic inflation in KL is about 10% per annum on average I would say. So if your savings / investments are not getting you at least that, then your overall NAV is being 'eaten up' slowly but surely. So what most ppl do is they start cutting back on expenditure. But what everybody should be doing is enhancing their savings. Make your money work for you. Don't leave it idling around.

wow.. very nice replies from you guys.

1. is it true the inflation rate is 10%? then its going to eat inside me.. as this year no increment.
2. So whats your suggestion on how should my money work for me?
3. 500 sgd is what i can save everymonth. As im single and free of any commitment. so basically my slary for food transport and entertaiment including room etc.
4. Im under WP in sg. soo i dont have and epf or cpf. now im thinking the best place to secure my long term salary.

Please furthermore advice me in summary.

I find it strange that there is no CPF contributions under Work Permit... maybe there is more than one type of WP. Anyway, you are at a lost without CPF as the employer is not paying you more than your take home pay.

When comparing to your peers and how they are doing, and how they are spending their incomes, then be aware that they have EPF/CPF... can't simply follow the Joneses...

Do you have access to ASB unit trust? Do some research on it... it is a good place to put your savings.

This post has been edited by j.passing.by: Jul 29 2016, 12:27 PM

I totally agree w u on the inflation and method to beat it, but I still hold truth to my grandpa's teaching till now 'must save portion of our salary" >> no saving, can never take the next step to invest to beat inflation.

This post has been edited by jojolicia: Jul 29 2016, 12:27 PM

your very 1st step as a WP holder is to create 'private cpf/epf in-lieu" monthly contributions. (this should include the employer portion but u pay from your pocket la..)

I hope your current monthly saving of $500 is before the abovesaid. hope u get the cue

This post has been edited by jojolicia: Jul 29 2016, 12:38 PM

Excel worksheets & visualization for Standard Mortgage VS Flexi Mortgage - if all else being equal

Since an old friend of mine poked me on this and she couldn't visualize it until we went DAY BY DAY interest accumulation in the mortgage account - i created these worksheets, thus thought it would also be useful for fellow forumers to use.

Note - the worksheet protection is for newbies only
If U are an Excel wielder & want to change the Flexi or Normal rate higher/lower and other stuff, just unprotect the relevant worksheet - NO PASSWORD

This post has been edited by wongmunkeong: Jul 31 2016, 05:35 PM


Attached File(s)
 Standard_Mortgage_Vs_Flexi_mortgage.zip ( 3.96mb ) Number of downloads: 48

Just say which is better la

No such 1 or 0 leh
It DEPENDS on the user

As Mr Lee (Bruce) said - there is no best martial art, only best martial art for a specific practitioner

U try asking a person who doesn't know "why leverage on the % spread between their savings and investments" to use a flexi mortgage & see the kaka happening lar

Let me add on:
Knowing is not enuf, we must Apply
Willing is not enuf, we must Do

"I fear the fighter that has practiced 1 kick for 10000 times,
NOT the fighter that has practiced 10000 kicks, 1 time." - Master Bruce (not Wayne, Lee lah )