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Personal Financial Management V3, It's all about managing your $$$
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aeiou228
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 Jul 23 2016, 06:35 PM
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QUOTE(kengyan @ Jun 21 2016, 02:37 PM) Yup, that's right. I have my manager having rm30M of NAV, but if really cash it out, that's only rm600k.Saving money no doubt it will be way slower, but then it is still real cash. My terrace house that I'm staying only cost rm130k when I bought it and now it can easily shout for rm800k but bank only put a value at rm600k. So I can always make my NAV higher by using rm800k as calculations. Bro, you got the definition of NAV all wrong and upside down. RM30m is the prevailing market value of the assets before deducting loans or other liabilities (before cashing out as per your terms). RM600k is the NAV. |
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aeiou228
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Jul 24 2016, 12:14 AM
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QUOTE(kengyan @ Jul 23 2016, 11:10 PM) Well, if you feel happy to insult me, then you are right. My manager still says his NAV is rm30M. Huh ? What insult ?  I'm just merely correct your mistake about NAV in your post. You don't have to feel nsulted. If your manager says his NAV is RM30m, when he "cash out" he should get around RM30m too. Not RM600k because NAV is already NET ie: after deducting loans and all other liabilities. |
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aeiou228
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Jul 25 2016, 10:21 AM
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QUOTE(kengyan @ Jul 24 2016, 10:13 AM) Well said, any loan in this world is liability. I still remember my mother boasting on my brother are much more capable than me as he can buy a new car at the age of 25(I still driving an Iswara at that age), I tell that, as long as he is still serving the loan, he own nothing. Most people will just take their sale price - buy price = money make. Because of this stupid mentality, some jokers even suggest others to keep on refinance their properties. Like my manager, his table/paper asset do "worth" very high, but true cash value are quite low. He even bought some trust funds at the price of rm1 which now only worth rm0.1.Earlier, you claimed that RM30m is the NAV. Now you change the phrase to....table/paper asset "worth" very high and true cash value worth very low. The word NAV was deliberately omitted as you're unsure of which is NAV and which is not. It's very simple, if you say RM30M is the NAV then the "true cash value" ( I'm quoting your lingo) is RM30M. This post has been edited by aeiou228: Jul 25 2016, 10:22 AM |
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aeiou228
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Jul 25 2016, 12:35 PM
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Oh o....! The permaban LYN reject is back with a new dupe ?
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