And that's why many Malaysians do not take savings & retirement planning seriously. That's also the reason why, most Malaysians do not have sufficient savings in their old age.

You do not use higher inflation figures only because it will show that none of your products will be able to overcome this inflation thus nobody will invest in them. So u downplay the actual inflation figures and use low figures. You are merely misleading your clients and that's the reason why I always tell people never trust financial planners. They will always downplay the real market conditions and try and sell you a product of their bank / financial institution in the end.
You cannot use long term inflation rates when the current inflation rate is much higher than that. And u are also wrong in saying that by assuming higher inflation figures, there will never be enough for retirement. That is again misleading. You can achieve a 10% ROI growth per annum with prudent investments. I am living proof of that and if I can achieve it so can anybody else.

In March 2007, my NAV was only RM196,000. My current NAV is approx. RM2.3mil. And im not someone who earns a super high salary. I just manage my risks, diversify investments and continuously review my investment portfolio every 3 months to ensure im getting maximum returns for every cent.

Hi sifu's...Need help on financial planing T.T

Basically i earn 2.5k
potong epf and sokso 2.3K

With 2.3k

Im monthly spending on

CarLoan        : RM480
Internet        : RM184
Mobile          : RM 84
Parents          : RM 300
GYM              : RM 106
Petrol            :RM 140
Food              :RM 300
Entertainment : RM 300

With the balance money what can i do with it? Invest on something...but on what thats the thing, pls help me out cause wanna save up and try to beli rumah near future ^^ thanks guys!

ASB if you eligible

If not then just put in SA or GIA until it reaches FD level then park in FD.

If u have the will for it, you can look into UT also.

TQ sifu but acronyms i tak paham XD..sry ya can explain to me i quite newb in this sector ^^

Hi sifu's...Need help on financial planing T.T

Basically i earn 2.5k
potong epf and sokso 2.3K

With 2.3k

Im monthly spending on

CarLoan        : RM480
Internet        : RM184
Mobile          : RM 84
Parents          : RM 300
GYM              : RM 106
Petrol            :RM 140
Food              :RM 300
Entertainment : RM 300

With the balance money what can i do with it? Invest on something...but on what thats the thing, pls help me out cause wanna save up and try to beli rumah near future ^^ thanks guys!

Hi sifu's...Need help on financial planing T.T

Basically i earn 2.5k
potong epf and sokso 2.3K

With 2.3k

Im monthly spending on

CarLoan        : RM480
Internet        : RM184
Mobile          : RM 84
Parents          : RM 300
GYM              : RM 106
Petrol            :RM 140
Food              :RM 300
Entertainment : RM 300

With the balance money what can i do with it? Invest on something...but on what thats the thing, pls help me out cause wanna save up and try to beli rumah near future ^^ thanks guys!

Hi sifu's...Need help on financial planing T.T

Basically i earn 2.5k
potong epf and sokso 2.3K

With 2.3k

Im monthly spending on

CarLoan        : RM480
Internet        : RM184
Mobile          : RM 84
Parents          : RM 300
GYM              : RM 106
Petrol            :RM 140
Food              :RM 300
Entertainment : RM 300

With the balance money what can i do with it? Invest on something...but on what thats the thing, pls help me out cause wanna save up and try to beli rumah near future ^^ thanks guys!

At first glance, I think the car loan, gym and mobile + internet is the expenses that you may consider to trim.

With RM140 per month I guess you are not a frequent drivers? Compare to normal city driving RM 140 petrol per month is actually on the low side. And in your case getting a car is not really recommended.

I believe GYM RM106 is per month membership? Maybe it is possible to switch to 2 days gym(weight training) and 3 days jogging outdoor?

In terms of mobile and internet, just survey around some Telco like digi offers RM150/month infinite calls and infinite data.

Further more questions will be :

1) Do you have adequate insurance coverage?
nope...planing to get one bila ada increment which i foresee very soon

2) DO you track your expenses monthly and review?
kind of downloaded an app but stat roughly

3) Do you have any savings in bank?
used to than beli kereta this n that no more d

4) Do you know how much is your networth?
no idea bro hahaha

Before doing any investment have to consider a lot factor. 
True that thats y askin sifus

current balance = 406 / mthly

Max balance i think around 600 / mthly
you go gym everyday? find ghetto gym, RM5 per entrance, 1 week for 2 times = RM50,
Mobile, go for cheaper plan.
Control your entertainment, restrict yourself

with rm600 u could save for emergency, FD or any amanah saham could make it grow.

rumah? share with partner later on, you can't do yourself, unless your salary become bigger.

True that can trim but telco, internet, gym is ok to me i find the cheapest and most valuable to me later increment wont upgrade on it ....
masih single bruh but i want to help settle my parents dulu since we still in a rental house

Hi sifu's...Need help on financial planing T.T

Basically i earn 2.5k
potong epf and sokso 2.3K

With 2.3k

Im monthly spending on

CarLoan        : RM480
Internet        : RM184
Mobile           : RM 84
Parents          : RM 300
GYM               : RM 106
Petrol             :RM 140
Food               :RM 300
Entertainment : RM 300

With the balance money what can i do with it? Invest on something...but on what thats the thing, pls help me out cause wanna save up and try to beli rumah near future ^^ thanks guys!

hello sifus

I'm in my early 50s and looking at possible early retirement. I am looking at advice on how best to manage my finances so that it'll last me over the next 30 years or so.

- assets: apartment, car, ~RM2m in EPF, ~RM200k cash
- liabilities none. Kids have finished school etc.
- other income none
- monthly expenditures RM4-5k for a very comfortable living
- insurance none, have always been covered by the company and don't plan to take any in the future given my age, the cost, my thankfully good health (now).

How should I manage the EPF + cash? My objectives are minimal work and I am ok with moderate risk.

1. leave it in EPF & tabung haji, withdraw only what I need. No taxation and fully liquid but returns at 5+% per year is just ok

2. Diversify and invest a portion in property? I have never really invested in property long term, have flipped a few but that's probably not the way to go now. How much realistically can I get beyond 5.5% per year post tax that #1 provides?

3. equity market? I don't know enough about the Malaysian market unfortunately. I have no desire to go for unit trusts given the higher costs in the short term.

4. something else?

I'm not a pro but if i were you i just put my money in EPF and use the interest since you don't have any liabilities anymore.

RM 2mil x 6%(average ) = RM 120k / 12 mths = RM 10 per month.

Can every month travel with wife to average places such as Thailand / bali and still have extra for daily expenses. Of course this gonna be an average lifestyle.

Thanks. In all honesty I'm tempted to do that.

Another alternative that I didn't mention is potentially continue working for a few years and end up with almost double my EPF amount. Sacrifice 4+ years and come out significantly further ahead...

Wonder what has changed from earlier work, to double EPF amount to RM4mil, just to work 4 more years ?

Hi sifu's...Need help on financial planing T.T



With the balance money what can i do with it? Invest on something...but on what thats the thing, pls help me out cause wanna save up and try to beli rumah near future ^^ thanks guys!