Hello folks,

I'd like to request for your advice on my personal finance. I'm 30 this year, single (with plans to marry in about 2-3 years) and below is the summary of my current situation. Items are shown as a percentage of my net worth:

Cash, RM, M2U Savers :21.86 %
Cash, USD                  :29.39%
Bursa (Dividend stocks, REITs) : 7.33%
ASM and AS1M                        : 41.06%

I don't own a car or property as I currently do not need either of those. I do intend to purchase a house/condo, not necessarily in Malaysia, just before I get married. I'd appreciate some recommendations on possible tweaks I can implement for better growth.

Constructive input please 

Well it's not a big amount, I'm thinking it wouldn't matter much in absolute numbers but more important in percentage, correct me if I'm wrong.
Thanks for your input, and also for sharing your goals 

About the PNB funds, I find that at 41% I'm already pretty exposed, I'd probably stay away from increasing that part for the time being (I'm planning to limit myself to not more than 20% in a given type of investment).

About FSM, I did open an account but never put money into it, it's something to explore right now I suppose.

SG REITs are pretty popular in this forum  , there must be some merit to it - I need to get an SG account set up then.

And yes I agree with you on the cash part - it's actually the main reason I'm posting here - I realise that holding more than 50% in cash is pretty foolish when considering inflation.

i wonder if i should have separate account for savings..

as at the moment i treat my asb as the saving acc. do i put in regular bank as well?
that wont give me any significant return right..

cash n cards for daily use n emergency... will that do?
sounds fair enough.. 7e always have the ambank atm right

shall look into it

that should work.. even now i only witdhraw like 2-3 times per month haha

does it mean those that knew the basic (and those that are experts) will  not lose money?

I have a very optimistic plan. That is to put money into an eFD monthly for 4 years. From 5th year onwards, compounded funds to be placed in yearly tenure FD (higher interest), while still committing to a monthly 1 year tenure eFD.

At the end of the sixth year, I aim to be able to achieve >RM500,000 taking into an estimated consideration of a property being sold at net profit of RM150,000 around Year 4 or 5.

Year 1: RM3,000/month
Year 2: RM4,000/month
Year 3: RM4,000/month
Year 4: RM4,000/month
Year 5: RM5,000/month + RM150,000 (property net gain)
Year 6: RM5,000/month

This is the general idea, but obviously I do not want to place all eggs in one basket only relying on FD. Please give some ideas on how to split investments based on the above commitments. Thanks.

Purpose of this is to see what are my options for short term (non-retirement) saving + capital growth.

Monthly chasing of promo rates can be quite laborious and tiring. Then there is the minimum fresh funds requirement to qualify for promo rates, which is why my plan is to only stop eFD when these funds reach approx. RM200,000 by end of year 4 or RM100,000 by end of year 2?? If I don't chase these promo rates monthly, then I will end up having lost interest.. This is the dilemma..

Erm... RM10,000 means I can only do that roughly every 3 months. And that means I will end up having lost interest in those 3 months, that is what I meant. End of the year might end up having 4 or 5 certs.. A part of me feels that RM10,000 doesn't return enough for that sort of trouble.. That's why I want to look at other possible options.

True that Ambank eFD is great for the low 1k for 1 month requirement. Maybbe someone can do the maths? lol. I reckon the difference is not too much or I may be super wrong.

Fund market is the alternatives to FD. Interested, can PM me for nationwide solutions.

Background:

I just graduated. Waiting for my turn to be a government servant in 2-3 months' time (or longer than that, who knows?). Currently working in a commission based company. First month of working raked a healthy 10k+ salary. (no bs) Second month around 3k+ and it's only mid of April.

Problem:

I don't have my own transport to work. My mum would need to get up early to send me to work which I feel it's a bit tiring for her. And sometimes she will have things to settle and in the end I'll be late for work. She doesn't allow my to drive her car. I was thinking to get a 40k+ car for the time being. Previously I tried to apply for loan with my mum as my guarantor but it wouldn't go through as her business is kinda bad these few years.

Question:

1. What should I do? Unless I earn another 20-30k (factoring in car price, maintenance, emergency etc) to buy the car in cash, I will need to take loan.

2. Can I take personal loan for used car?

3. I can try applying a car loan under my own name but I was told that I need 6 months payslip since my job currently is commission based.

I'm planning to get the car before I start working with the government cos by then I'll be too busy to even view the car I'm about to buy!

Please advise.

1. Do U understand what a forum is?
a. A forum is where people share & talk/think things out - especially Finance, Business & Investment thread.
b. There is no "personal talk" or stepping on toes if one were to interject in any posts, if one provides evidence/reasoning
c. People here (this thread) talk numbers, proof, evidence, etc. - well, should anyway BUT U as a UTC are saying item (2.)

2. U, as a UTC, should know better than to state that people can use EPF A/C1 --> Unit Trust --> Cash out unless that person is no longer contributing to EPF.

3. Sending me a personal PM, "geeking" me?
seriously?
+ reporting my post which i stated (2.) and telling U why some folks think what they think of U because a UTC itself don't know the law?
U & Supersound deserve each other.


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I wouldn't call that a smart move. You are still with the old mindset of paying off home loans fast. But it was valid back then cuz home loan rates were about 7-8% unlike the current 4%+.

What's the point of having a fully paid up house? Your value is stuck on the house and u cant touch it unless you sell/refinance. Its just a feel good feeling that you have a fully paid up home.

If u were a savy investor, u would know how to utilise loans to grow your money and your NAV faster. I would rather have 4 properties on loan (with high capital appreciation) vs 2 fully paid up properties.

We should focus on growing our money not saving. Saving is a very slow process towards financial freedom. Learn to diversify, invest and grow your NAV. You can achieve a much faster growth rate than just saving.

I grew my NAV by RM1.8mil within 9 years using this method.

interesting perception...
Ramjade are the ASX FP funds Halal? or know of any syariah compliance UT funds that can make > bank's interest?

It's like trying to explain the cons of capital protected/guaranteed investments to most people. Waste saliva 

Nah, I'm not even talking about your fav ASx fixed priced fund. If you, or anyone else vested, bother to read their master prospectus, you would have read that the prospectus clearly states that the fund value is not in anyway guaranteed. Of course you could argue the fund price does not change; but if ever the sh*t hits the fan, the truth is BSN, Bank Rakyat, PTPTN and Tabung Haji depositors have a bigger chance of recovering their money than ASx funds....

But I was told it's not going to happen wor 

Now, for the benefit of the rest (although I seriously doubt anyone would change their mind by just reading what I write) what I'm talking about are those insurance savings plan; or those structured product with 95% capital protected etc. If you study those products, the likelihood of your earning significantly higher than FD interest is close to none. The concept is simple, in order to guarantee/protect your capital, the risk that can be taken has to be limited, and therefore there would be limited upside as well.

So if like that, with a long investment timeframe, why don't I accept some risk and create a diversified portfolio which would unlikely return me less than 100% of my capital and yet have a lot higher chance of getting higher returns. Yes, I may lose money on foreign equities, but I should make some money off local equities and bonds or vice versa

Is there any investment have more than 4% profit? Otherwise just put fd hehe

lots of people i meet says:
want to get wealthy / fit
BUT
don't want to risk (learning, facing & managing risk) / excercise
AND
keeps on spending on doodads / eating & drinking unhealthily

I have put about 20 k in amanah saham gemilang. Is it good investment for 10 years compare fd?

I am not bumi. I see the asg so far every year about 6% return. Not bad right?