Yes and that's why saving alone isn't enuf. Especially with sky high inflation. You need to grow you money faster than inflation eats it.

And have u worked out your NAV now? Is it still RM20mil like you claimed before?

Share here la. We also waiting for his info.

But must ask him whether he knows what is NAV in the first place. Earlier post he got it completely wrong.

Lacking knowledge is no issue. But his arrogance is quite surprising.

That's why I keep saying that you don't know how to calculate NAV and ure too arrogant to even ask the sifu's here how to go about doing this the right way. In fact, before this discussion started you didn't even know what is NAV in the first place.

Its not based on you imagining and blindly quoting a stupid number of RM20mil.

The correct way of calculating NAV is not based on 'I can put any price I want'. It's based on actual transacted prices / evaluations which are then reduced to provide a buffer to account for future price fluctuations. In short this is fact based and can be backed up when required.

NAV is only 'table numbers' to a person who doesn't know what is NAV and hence does not know how to calculate NAV.

Well said bro.

Nope. Sorry. Never heard of that logic before. Made that up to add some weight to your argument?

If u do know how to count the NAV, why don't you share with us here? That's the best way to prove that you do know what ure talking about rite?

The way u calculate NAV yes, it's just rubbish numbers. That's how u calcuated your NAV to be RM20mil.

But if you do it the 'correct' way with sufficient buffer and backed up by sufficient financial data, it can be relatively accurate.

Sadly, your arrogance and stubbornness denies you the opportunity to learn how to leverage off loans to increase your NAV and grow your wealth. Even as you know that your net worth is actually low for a person of your age.

Ure a complete fool and a liar too. First u said it was YOU with the RM30 mil NAV and now became 'your manager?

And till today you still cannot understand the meaning of NAV. Why don't u educate yourself instead of just talking crap here? If u cant learn from us sifu's then why even bother to come to LYN? Just to talk nonsense?

Read both my previous posts and also his. Then ull understand who is this 'manager' guy.

Btw, ppl still think that having a Manager title means ure somebody great and earning top bucks. Typical Malaysian mentality. Ppl still fail to realise that u can be a Manager and earn only 3K a month or up to even 30K a month. It all depends on the organisation you work for, how many direct reports and the levels of your direct reports.

I am a walking and living example of a person who has leveraged off bank loans and been 100% successful to date. And that's how i've grown my NAV (which you still cannot understand the meaning or how to calculate accurately) by RM1.8mil in just 9 yrs.

And when it comes to property investment, my rule of thumb is, in a worse case scenario, I must have sufficient finances to pay off the monthly loan for at least 18 continuous months without the need to rent, sell or unlock other investments. If not, that property is not for me.

When I evaluate the net worth of my properties, I always base it on average (not highest) actual historical transacted property sales. On top of that I maintain a secondary buffer of 10-15% (lower) when I evaluate my property value based on transacted prices. So the net worth of my properties have actually been significantly reduced to account for fluctuations in pricing due to economic conditions.

Many ppl run from risk as if its an out of control cancer. Many ppl don't realise that risk is only bad when its not evaluated and mitigated. There are 4 steps to dealing with risk in anything.

1) Risk Identification
2) Risk probability analysis
3) Risk impact analysis
4) Risk mitigation

Most ppl run at Step 1 thus losing an opportunity to turn the risk into a gain by going through Step 2,3 & 4 properly.

Those who go bankrupt are those who weren't prudent in their short & long term financial planning or took on more risk than their finances could withstand.

Not investing sufficiently to avoid going bankrupt is a poor investment strategy. Learning how to be a smart investor is the best strategy.

Both you and your manager do NOT have NAV of RM20mil or RM30mil. RM20mil in NAV and yet ure here on Lowyat forum? So who is lying here?

And no, fools don't call others fools. Are u creating your own facts?

Only a fool would claim to have a NAV of Rm20mil and say that when he sells everything he only has RM600K.

But do educate us why a person with a NAV of RM20mil can't even secure a loan for a double storey house? If u really had a NAV of RM20mil, all banks would be rushing to do business with you right?

This post has been edited by cybermaster98: Jul 25 2016, 12:43 AM

Exactly bro. This fellow is your typical 'pusing cerita' case. He fights with anybody who dares to stand up to him and his nonsense. Even forumers on other threads have fought with him because of his nonsense. Except for his comments on electrical drills, he doesn't know anything about financial management and he just boasts about stuff he doesnt have. Who in the right mind would claim having a NAV of RM20mil and yet not be able to secure a loan for a simple double storey house?? Even the banks know he doesnt have good finances and yet he talks as if he is somebody. Typical tin kosong la tis fellow.

Kengyan himself claimed he has got NAV of RM20mil.

But weirdly, such a high net worth individual could NOT secure a housing loan for a cheap double storey house.

Just check out his historical posts on LYN. He fights with many ppl on other threads too. Same old crap.

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.

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

Only u can afford la. Me small fry.

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.

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.

Got. FX United and JJ.