hello sifus



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
assuming you wanna completely stop working at the age of 55, based on a common 4% inflation p.a. and a 5% average IRR, you will need around 1.96m for the entire 30 years until the age of 85.

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?
if you have the knowledge and experience in property investment, why not? i have not much advise in this area as im not good in property investment

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.
maybe it's time to learn some from your friends. my dad is 65 this year and investing in local stocks is part of his hobby now. I'm curious, how is UT a higher cost to you in short term? care to elaborate? interested to know your point of view

4. something else?
since you are not familiar about malaysian market, what about foreign market? maybe at the same time when you gain knowledge in msian market, no harm exposed to foreign market as well. there are platforms that offers foreign market trades too.

Need advise on my financial planning


approx RM1.5k saving monthly (sometimes try to pump into asnb but not always got quota for non bumis, so any advice where should i invest apart from putting in fd? ) thanks.

Stock market dont play2 arr... if u kinda person that do saving every month deligently and then got some EXTRA, that EXTRA can play stock. Strictly dont ever play stock using ur saving money.

Playing stock are very big risk taker. U not going to play stock with 10 lots only rite? Of course u wanna buy as much as possible to earn more. If the counter performing, then u r lucky. But stock market got its up and down. Once its suddenly going down deep, that time arr i told u..u cant even sleep at night.. every morning 0900  to 1700 hrs u'll be glued to ur monitor see ur money fly.. sometimes, money can fly further below againts whats ur capital.

Really need to study hard on the counter u r going to park ur share.

So, put thing simple,
Got extra, can play.

No extra but using saving to play and wanna feel it,well, go ahead if u think im wrong.

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?

Need advise on my financial planning
Earning average nett 4.5k after epf and tax

monthly commitment
Car Loan        : RM1050
house loan      : RM700
Mobile            : RM 100 
gym                : RM 88
Petrol              :RM 300
Food              :RM 300
insurance        :RM200

approx RM1.5k saving monthly (sometimes try to pump into asnb but not always got quota for non bumis, so any advice where should i invest apart from putting in fd? ) thanks.

have you set aside 3-6 months living expenses somewhere as emergency fund?

Yes i did. Just left the emergency money in asnb.

Dear sifu's,

Recently i booked a condo(loan approved and waiting to sign SPA) but i am kind of not sure if this is a good decision or not.   I am buying it for own stay and rent out partially to cover some cost.
So i am here to seek some advice or financial plan for my future move.

Gross income : RM 7,500
Net income    : RM 6190

Monthly spending below

Medical Insurance : RM 200
Room Rental        : RM 600
Internet                : RM 72
Mobile                  : RM 53
Parents                : RM 600
Petrol                  : RM 200
Food                    : RM 600

So balance RM 3,865. 60k cash in FD.

Some info for the newly booked condo. Estimate can move in on this August.
mortgage            : RM 2,670
Maintenance        : RM 400

So my plan is to rent out 2 rooms, hopefully can collect RM 500 per room so i can save some money to replace my 10+ years old car.

Ur expenses check list is complete? Entertainment, vacation etc are not in your list. 

Every month have this much of excess money +1

Buy house and rent out the rest of un-utilized rooms +1

If your mortgage is fully flexi loan then you may put your money in FD into your loan so that you earn the differential 1%++ from there, yet you have the flexibility to withdraw it for any urgent usage.

Sorry i did missed out some expenses. 
I live a frugal life with minimal expenses. Usually go hiking, jogging & free gym at rented place so all those are kind of free entertainment for me. 
For the vacation part, i never pay for any oversea vacation but only take the chance to walk around on company business trip hahaha 

My mortgage is PBB semi-flexi loan, charging RM 53 for every withdrawal. Actually i am planning to buy a car with maybe 40k down-payment when i am getting a stable room rental income. Will this be too risky to do so?

Dear sifu's,

Recently i booked a condo(loan approved and waiting to sign SPA) but i am kind of not sure if this is a good decision or not.   I am buying it for own stay and rent out partially to cover some cost.
So i am here to seek some advice or financial plan for my future move.

Gross income : RM 7,500
Net income    : RM 6190

Monthly spending below

Medical Insurance : RM 200
Room Rental        : RM 600
Internet                : RM 72
Mobile                  : RM 53
Parents                : RM 600
Petrol                  : RM 200
Tolls                    : RM 60
Parking                : RM 110
Food                    : RM 600

So balance RM 3,695. 60k cash in FD.

Some info for the newly booked condo. Estimate can move in on this August.
mortgage            : RM 2,670
Maintenance        : RM 400

So my plan is to rent out 2 rooms, hopefully can collect RM 500 per room so i can save some money to replace my 10+ years old car.

Need advise on my financial planning
Earning average nett 4.5k after epf and tax

monthly commitment
Car Loan        : RM1050
house loan      : RM700
Mobile            : RM 100 
gym                : RM 88
Petrol              :RM 300
Food              :RM 300
insurance        :RM200

approx RM1.5k saving monthly (sometimes try to pump into asnb but not always got quota for non bumis, so any advice where should i invest apart from putting in fd? ) thanks.

Dear sifu's,

Recently i booked a condo(loan approved and waiting to sign SPA) but i am kind of not sure if this is a good decision or not.   I am buying it for own stay and rent out partially to cover some cost.
So i am here to seek some advice or financial plan for my future move.

Gross income : RM 7,500
Net income    : RM 6190

Monthly spending below

Medical Insurance : RM 200
Room Rental         : RM 600
Internet                : RM 72
Mobile                  : RM 53
Parents                 : RM 600
Petrol                   : RM 200
Tolls                     : RM 60
Parking                 : RM 110
Food                    : RM 600

So balance RM 3,695. 60k cash in FD.

Some info for the newly booked condo. Estimate can move in on this August.
mortgage             : RM 2,670
Maintenance         : RM 400

So my plan is to rent out 2 rooms, hopefully can collect RM 500 per room so i can save some money to replace my 10+ years old car.

Gross income : RM 7,600
Net income    : RM 6200

Monthly spending below:-

Medical Insurance  : RM 200
Room Rental          : RM 500
Internet                  : Nil
Mobile                    : Nil (Company pay)
Parents                  : RM 1,000
Car                          : RM 900
Petrol                      : RM 320
Tolls                        : RM 240
Parking                    : RM 90
House installment    : RM 1300 (Tenant pays RM1200)
Food                            : RM 1,200
PTPTN                          : RM 250
Entertainment & Travel  : Average RM300/m Use bonus money

TOTAL
Total Spending          = RM 6000
Total Savings              = RM200

Is this healthy?

is that ok if u stay in own house, save the rental fee, and rent out other two room?