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 Personal Financial Management V3, It's all about managing your $$$

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ajin999
post Apr 2 2016, 05:44 PM

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338 posts

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Hi guys can give some advice on my financial :

Just started working
Age 24
Nett income: RM3.5k

House rent: 225
Water + Electric : 170 ( Include parent house)
Motorcycle loan: 431
Parents: 300
Phone + Internet : 140
Fuel : 80
Saving : 1364
Eat : 360
PTPTN : 80
Self spend + shopping : 350

Current Saving :
Tabung Haji 3K ++


Planning to married next year.

Btw I'm thinking to invest some portion of my saving into high dividend stock. It is good idea or i need to save more before start investing ?

This post has been edited by ajin999: Apr 2 2016, 06:26 PM
ajin999
post Apr 2 2016, 06:27 PM

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338 posts

Joined: Mar 2012
QUOTE(T231H @ Apr 2 2016, 06:17 PM)
-deleted-
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ok already fixed. laugh.gif
ajin999
post Apr 2 2016, 07:15 PM

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338 posts

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QUOTE(T231H @ Apr 2 2016, 06:37 PM)
normally, people would advise having some kind of "emergency" funds filled up before getting into investment.
the amount of this emergency would have to "also" depends on your easy of getting another job of similar pay, your ease of getting loan from family members for those just incase situations.....(like yr bike kena major repair)......  and other considerations.

btw,...you are looking into investment into high dividend stocks......found some articles about danger of high dividend stocks.....
Everyone loves dividends, but reaching for yield can have disastrous consequences.
http://www.fool.com/investing/general/2016...s-to-avoid.aspx

This Stock Has A High Yield Of 6%, But Are Its Dividends Safe?
https://www.fool.sg/2016/03/11/this-stock-h...dividends-safe/

just a note: there is always risks in investment...some are higher than others, and some may have changed over time.....
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thx bro. will read it
ajin999
post Apr 4 2016, 12:04 AM

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338 posts

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QUOTE(Dividend Magic @ Apr 2 2016, 10:01 PM)
You can and should start investing with as little as RM3K per transaction, ideally, the fees would be most efficiently utilised with RM7K - RM8K transactions.

However, a majority of people just keep on procrastinating and end up not invsting until very late in life. I suggest you start right away at RM3K and reinvest those dividends. I'm a dividend lover myself but you gota do your homework as well. Don't just chase high yield stocks without knowing the company first.

Start building your passive income (dividends) now. You're very young and with time and the magic of compounding on your side, you'll be able to be financially free faster than most people.
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I already read your blog and interested doing things like you. Can you give some guide on investing high dividend stock? Fyi i already have CDS account and buy some stock for experiment..but things not doing well. Btw thank you for your advice smile.gif
ajin999
post Jun 15 2017, 11:06 PM

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Junior Member
338 posts

Joined: Mar 2012
Gross income : RM 5,000
Net income : RM 4200

Monthly spending below:-

Medical Insurance : Company sponsor Me & Wife
House Rental : RM 800
Mobile : RM 41
Parents + Wife : RM 600
Car / Motor : RM 431
Petrol : RM 100
EPP Phone : RM 164
House installment : -
Food : RM 400
PTPTN : RM 100
Entertainment & Travel : RM 190

TOTAL
Total Spending = RM 2826
Total Savings = RM 1374

Is this healthy?

What i can do more?

This post has been edited by ajin999: Jun 15 2017, 11:08 PM

 

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