yeah i calculated i should have enough to the point as long as i maintain my current lifestyle, my money in fact is growing more but there will be a tipping point until i'm extremely old (maybe say 90-100 years old if i live that long). I calculated till 80 years old and the money still growing fine

Good to know that can withdraw online after 1st physical withdrawal - will try to google around for that. Thanks!

In case you don't know or yet to reach withdrawal age, if you have more than RM1m in EPF, you can start partial withdrawal of the excess savings, any amount, anytime already.
https://www.kwsp.gov.my/member/withdrawals/...rm1mill-savings

Also make use of the RM60k annual voluntary contribution limit as earlier as possible if you really want to treat it as bank.

Yup aware of that and one that I'm considering too. Thanks for the info

Hi all,

Been reading the sharing here, felt like I could humbly get some advice from the sifus here~

Age: 26
Nett Pay: 4700

Monthly Expenses:
Rent: 750
Food: 600
Phone bill: 50
Petrol: 200
Online shopping: 200
Parents: 500
Medical Insurance: 200
Medical supplement: 100
Others: 100 (Ochipalang)
-----------
2,700

Monthly savings: 2,000

Savings/Assets:
1. FD 10k
2. Rakuten 13k
3. PRS 5k (Topping up 2k yearly for income tax relief)
4. ASM 26k
5. OCBC 360 70k
6. EPF 49k

Total Assets: 173k

No outstanding loans. My parents bought me my first Axia and have been a great companion since.

OCBC 360 was great as i manage to hit the high interest rate monthly, but now its only 2.6% pa so i've been looking at other high yield interest saving account option.
Also, I'm interested in investing in robo-adviser (Wahed or stashaway) for perhaps 10% of my savings and with aggresive portfolio since ive been doing rather low-risk investment.

Ive actually achieved my financial goal already (for this age), just trying to diversify more on the investments and learn more as there's so many diff type of investments now.

Kindly give me any advice, thanks all in advance~

This post has been edited by AnAngel65: Aug 31 2020, 10:01 AM

Given the low interest rate environment that we are in now, does OCBC 360 still earn you a lot of interest? Else park more money into ASM or you can try out StashAway too.

Rakuten is all stocks? By Rakuten itself you can diversify your investment into stock, reit, etf such as bond / gold / China etc as well.

PRS itself is a diversification as well, as you can choose which fund to invest.

If you opt for exposure in US etf, then can choose wahed or stashaway. Just make sure if you choose aggressive portfolio then it is for long term.

Then I don't think there is significantly better high yield saving account, you can rather try top up ASM. You can also look for property, in terms of interest rate, put money in loan account there is better than FD or high yield saving account.

i kay poh abit here...
i am very impressed with your high saving ratio
with a very high % of your saving is in OCBC, and you already liked the high saving rate, (4.x%pa before the abt 1.5% opr rate cuts)
seems to me you are a very conservative investor, no right or wrong here, just your individual choice and preference and most important is that those investment vehicle selected suits your choices and you are happy with it.

now you wanted to try 10% of your saving into a higher risk investment
at 10% of your asset into it,...if this new found investment were to loss 10% of the invested money, it will affect 1% of value of your asset

with that and coupled with your young age and current strong buffer of cash reserves, i think you can go ahead with your plan

from sui jau's blog...
"...use a small amount. Something you are comfortable with even if you suffer losses.
It can be as little as one thousand dollars because that is usually all you need to start investing into a higher risk investment.

Then, as you invest, you will see how markets and such affect your returns and you will be able to learn from your experiences without suffering too much heartache compared to if you placed your entire life savings into the market and lose half of it in a market crash.

The key thing is you have to accumulate investing experience.
No amount of prior reading up and accumulating of knowledge can compare with actual investing experience which can only be built up by using your own money to invest.
You have to experience the emotional pull that comes from market ups and downs and learn how to handle your emotions during those times.

And learning from mistakes made is the greatest teacher."

Well depends on the definition of "a lot" hahahah. Yeah ive been parking money into ASM but been getting lazy these days to keep fishing for units (my bad). Yeah ive begin reading on Wahed and Stashaway, felt like i shouldnt jump in the robo-adviser immediately without some research too.


Yes its all stocks, my boyfriend is handling the stocks for me, I tried my hands on Rakuten before on stocks+reits, but not really much gain as im only sort of gambling there instead of real research. Thus finally handover for someone who at least do research, and since im not the actual person to do research, its a bit hard for me to diversity my portfolio and extend to reits or gold of my interest.

PRS yes im trying to diverse the investment, 2k per year and ratio of fund risk 2:5 (5 being the most risky fund) is 3:1 ( still on the conservative side, i know )

Regarding property!! Ive actually did some research on property, maybe buy and rent or air bnb sort of thingy, but then in Johor it seems like condominium is abundant and lost its value, and adding on with the covid hitting economy, property price is bound to go even lower at the end of the year. Too much uncertainty and at last I gave up the idea...


Haha Hi there!
Yeah very conservative, or in chinese sayings very "kiasi" hahahahha. But yeah im happy with my overall financial portfolio. Its just perhaps the process of learning more new things, and exploring more investment vehicle.

now you wanted to try 10% of your saving into a higher risk investment
at 10% of your asset into it,...if this new found investment were to loss 10% of the invested money, it will affect 1% of value of your asset

Oh I do like the sound of this hahahahhaha. I wouldnt mind paying some "tuition fees" in order to learn regarding these investments. Like you said, hands on experience are crucial.

Who is Sui Jao?? This quote is rather inspirational for me, mind to share me the blog??



Anyway, thanks all 3 sifus for the comments!!! I'll be sure to learn more!!!

too bad, his blog is not accessible from FSM SG since 2~3 yrs ago.
he was the TOP mgmt of FSM SG then,....now retired already

Your assets/saving is much higher than your epf ... I think either you are getting high profit rate from stock or having other second/ passive income to archive this good result
2k per month saving already beats 95% Malaysian and it need high self discipline and determination especially for young people
I’m not a sifu and just my suggestion is to use the 70k saving to invest in property or go more aggressive in stock, ETF or unit trust equity

Ahhhhhh thats too baddddd, I enjoy reading from all these experienced people in forum, so much to learn from them.
Its okay, you can master his teaching and continue to share with all newbies like me~~~


Hmm not really, my stock investment only started like this year?
My passive income as for now are just interest from FD, interest account or so. I guess its just my promotion or discount voucher that here and there saved some (like an aunty, hahahahha)
Yes without knowingly im leading a lifestyle thats diff from my similar age, im not sure why too hahaha but at least im comfortable with it.

Yes, besides 6 months emergency cash reserve, ive been planning to invest more in robo-adviser and unit trust. All need to carry out research and hard work, sometimes just lazy to do it....

No offense, yeah can see that you are doing well in the journey of financial freedom but I just curious on the amount as you said they are based on the salary you saved.
120k saving while 49k epf ...
How many years you worked?
I assume you worked 5 years and each month you saved 2k and bonus of 6k saved , 4% pa, you will have 160k now.
But Net salary of 4700 for 5 years you will have at least 80k in your epf

Haha no lah im not going financial freedom, i just do what i like while not taking much risk.
Hmm, i never calculated like that but I used to part time work even during uni, if consider that yeah ive been working for 5 years hahahaha. I used to save more, when i live in a tiny tiny rented room.

And my salary had a raise i think 8 months back, so it used to be lesser, maybe thats whats reflected in my epf? my expenses are calculated in a max, I usually save more monthly~

Anyway I dont think thats the focus here la~ Ive seen others sifu here achieved much more at young age, mostly that venture into business world. I am not that ambitious, if i could continue to save and getting interest yearly to counter inflation then mostly im satisfied dy haha.

For someone at 26 with a savings portfolio and discipline like yours, I take my hat off to you. Super impressive.

Perhaps you might want to switch your FD funds elsewhere. Interest rates (even with promo) are well below 3% now and BNM is potentially going to lower the OPR further in the coming months.

You could park that into Rakuten and look into REITs as a relatively safe investment. Here are some info that you can look into:
- http://reitpulse.com/category/blog/reit-an...malaysia-reits/
- https://mreit.fifthperson.com/

Alternatively, if you feel Rakuten isn't doing much for you, you could park the FD + Rakuten funds into unit trusts or equity funds. You can talk to a fund manager at your bank to see what funds suit your risk preference.

I can understand the pain of fishing for units in ASM. It's like nobody ever lets go of any units for you to pick up.

Yeah exactly, hence forcing me to go out of my comfort zone hahahaha. Well figured its about time to reach out for more investment vehicle anyway~

Thanks for the websites! I'll definitely look into it!!

Hmm unit trust or fund, thats the alternative if im too lazy/ busy to research properly on REITS i guess, its the plan B. Up till now didnt really invest in unit trust or fund i guess mostly because of the unwliingness to pay some maintenance fee for interests that arent confirmed to be high. Its like rather getting low interest than MIGHT getting medium high interest with a fee.

Ah well, sometimes its fun, the excitement to get some ASM units after a long time, on and off i keep trying, no harm doing it during free time i guess.

Hi all,

saw the great post by AnAngel65 and thought i would like to post mine.

Age: 29, living in parents house.

Nett Pay: 5k

Monthly Expenses:
Car: 773
Parents: 500
Life insurance: 250
Petrol: 150
PTPTN: 180
Internet: RM105
Electricity: RM150
Food: RM 600
Parking: RM 180
Groceries: 150
Medical treatment: 650
medical supplement: 180
mobile: 30
misc: 200

-----------
~4k

Monthly savings: ~1k

Savings/Assets:
1. FD 20k
2. ASM 19k
3. EPF 61k
4. Savings account 663

Total assets: 100k

Issue:
1. Car is a huge burden every month, but left 2+ years to pay off. Share car with parents
2. Not sure if life insurance is worth it.
3. I want to live out in few years time instead of living with fam for personal freedom, but its not cost effective..
4. Dating can use a lot of money (look at food and misc) and being the guy who pays most of the time. Will talk with gf bout this.
5. Have this medical condition as you can see, hopefully can sort out by this year...

with proper planning, i think still can stretch my savings every month to 1500.

Plan:
I want to venture into share... is this advisable at this moment?

thanks for great community here.

This post has been edited by NGV22: Sep 1 2020, 06:43 PM

With your current investment preference are mostly in "safer n lower risk" vehicles.....
You hv no experience on share investing.
Do you want to spend time n energy to go into share investing?
May I suggest you try go into share investing thru unit trust or etf investing which does not need to hv frequent monitoring or needs to be well prepared before investing.
There are some lyn threads on those like fsm, eunittrust, washed, stashaway, etc for you to explore before you start

Right. I have no knowledge or experience in general investing, and one of my goal for the next few months is to gain these knowledge.

I have heard about fsm and stashaway, but not others. I will read more on these.

If you wish to increase your saving per month, living with parents is definitely the easiest way hahahah.

But since you already are paying 250 for the internet and electricity, you can try to rent a room outside perhaps 500-600 rental, so an excess 250 from your normal expenses.

Life insurance whether is necessary depends on your own need, if your parents depend on your earning for their retirement, or they constantly need your financial support, then better to have, since you also mention you have some medical issue. Life insurance is for the people you love, theres no right or wrong in getin or not getin it.

And no matter or not you r moving out, definitely talk to your gf hahahha. I know its like this community mindset that man pays the bill, but if it concerns you and you yourself wants to improve saving, its always good to talk it out and plan properly, or else in future marriage life ur gonna be surprised by how financial issue can cause such big fuss.

Wow... I have to echo the sentiments of what some of the others have shared: I'm super impressed! Your savings percentage is very impressive, made more so by your relative young age! Keep it up, and you might achieve the much vaunted financial freedom earlier than most! Well done!