Yes, must spend time do research, but only if i understand this whole thing, I am actually planning to find something at either bank to help me do the startup 1st, only after when i can take a hold of everything, I will manage it myself. And of coz need to monitor day by day also if other ppl manage, if only ask like after 1 year.... only god will know what happened then

and is fund/unit trust lower risk than shares?

edit: I have already budget the next 5 years of my income (exclude interest from FD etc) & expenses starting this year, so far i got surplus by comparing actual and budgeted, so 3 months + to go

This post has been edited by naruko85: Aug 25 2016, 02:16 PM

so you recommend direct go buy/sell shares?

Just for the background, that kengyan is the dupe of supersound, who thought all insurance and UT agents are con man. Most of us knew he is a tin kosong

My take for you is to spend some time reading the relevant threads which interest you. There are a lot of info here for new comers. Then if you don't understand a specific investment, you can ask the sifu here

maybe will stick to fund/unit trust or shares for now. As time passes, got more and more saving but not sure where to invest.

most agents (UT etc...) wouldn't agree with your thought as that are their "steel rice bowl".


remember that putting money to Unit Trust , FD or any other tool doesn't mean you have lower or higher risk.
If you are putting without knowing how they earn and/or charge and/or whatsoever on You , then you are actually putting risk on your own.

again, FREE ADVICE is EXPENSIVE.

my few cents advise to those who looking for some advices

1. Save a portion of your monthly income (many books mentioned this pay yourself first) put a side of 10% every month..... as this will help to create a saving plan after some time.... of course, if you income bracket is higher, then can put more % ...

2. Start reading financial knowledge books to equip yourself, this is fundamental to build your financial management and also exploring type of investment you plan to venture in....of course, not everyone sails smoothly, it need time to obtain the experience and knowledge before you have certain level of confident....


3. Cut down unnecessary expenses, debts, this will streamline your expense behaviors and moving forward to the right direction, as debts can be the big barrier, house and car are the most expenses you will pay in your life time..... as both can be very substantial if you are pursuing more comfort and luxury life style.....
i doubt people now can live with small car and small house, all wanted a decent car and house for some reason behind, be it to impress people, friends, families, relatives ..... to have more spaces, features, enjoyment.... etc......

talking about car, most of us who have start with family will have at least 2 cars..... and once graduate or some even not yet graduate, already having a car as transportation...... they will not think of bicycle, motorbike as a transport..... reason probably safety, uneasiness when raining etc....

"Play contra"

Tin kosong hint there...i get it liao Showtime747

Bro, you a bit slow...

Cantonese:

Keng = super/great/powerful
Yan (Yam) = sound

WoW !!! This one you win liao. I never thought of that !

Please don't remind me of the joke on NAV again. Lawak pecah perut aku

Hello, I'm not sure if this is the correct thread to ask this but what are your opinions on paying more for house repayment?

Currently I'm paying double for my repayment but i feel that I'm putting most of my savings there. I've put a lump sum of my FD there too last year to reduce the interest but i've just realised that i don't have liquid cash if needed. I have some company stocks, a little of ASNB and a few thousands of savings in my accounts. I'm staying with my parents so my personal expenditure is very low. Most of my salary goes to the repayment.

I was wondering, if i should pay may be 1.5x the repayment and save up more in FD? May be invest some in stocks too (which i've been delaying for some time)? Any other opinion on this? Thanks.

try read info/tips from this site, it has useful info that is easy to read, non biased and informative.
http://www.moneysense.gov.sg/Financial-Pla...-Resources.aspx

just my 2 sens
most would advocate having a cash buffer of 3~ 6 months of monthly expenses in Emergency fund will never make you feel don't have liquid cash when needed.

housing loan interest is 4.5% (approximate),...get a financial planner (not those that insist of you buying their products and only buy from them -- conflict of interest----between your real interest and their commission-mah) to help review your risk appetite and do some investment that can "TRY" to get anything above housing loan rate.....

without going for financial planner, a simple one, I can think of is, ASX-fixed price funds......(to me it is secure, liquid and usually paying > housing loan rate.)

do you have an exit plan if you are not able to work any more,......housing loan and daily expenses how?
transfer this risk to somewhere.....have you done that?

......my 2 sens are obtained from that website with link provided....

Is your prop rented out? If yes, dun pay down the loan at all because housing loan int is cheap and is deductible against rental income, invest your surplus funds in PNB funds to generate more than 5%.

Thanks Mum, will look through the link.

About financial planner, what types do we have? Usually the ones that i've come across are trying to sell some sort of investment schemes.

I do have some in ASW but the quota is always limited, which is a headache.

Exit plan: Housing loan is paid ahead for about 2 years over now (took a FD and put it in the home repayment account to reduce the interest, the amount is still there) so it should be ok. Daily expenses as of now is not an issue since i'm staying with my parents but i would prefer to save up at least 6 months emergency fund.

Will read through the link for more input.

Yes, rented out.

PNB funds as in ASW/AS1M right? I put a little in ASW, was lucky when there was an opening and i was in the bank. I also have some in ASG (not fixed price) but i feel it''s not that great as the fixed price ones.

Yes, those fixed priced ones if can get. If your property is rented out and if you have paid off the loans, the whole rental income minus some expenses will be taxable income. If your work income or business income is high, your rental income will be taxed at maximum tax bracket .

Hey maybe I can help shed some light on financial planners since I'm one. Basically most FPs in Malaysia are trying to sell u insurance and mutual funds, they earn commissions based on the products you buy.

Some (like me) are fee only FPs to avoid conflicts of interests.
You can message me any time to talk about your financial issues, I do basic financial planning for free because I enjoy it. =D

that is very kind of you....

The property is still under loan at the moment. On the bolded item, rental is still taxable right even if it's still under loan right? I will need to minus off some expenses and the balance is taxable, correct?