I've read his story before. How much do you think is sufficient for a family of 3 to retire comfortably in Malaysia? 

Lets play a game. Say you have RM 7000/mth to invest.

How would you allocate your investment(s) and in what frequency?

Other info: You have house loan at BLR-2.4% and car loan at 2% p.a. Your family is well provided and don't ask you for anything else.

Lets see how you grow this cash! Begin!

Just curious... Why want to pay for 4.2% house loan when you get 6% or more investing in other stuff (as you mentioned MF and stocks)

Separately, is it wise to pay off 2% car loan when it penalizes you when you opt for early settlement.

Others any comments on his choice?

Hi guys, i found this a good read for our personal finance management from Li Ka Shing, HK richest man. do read up

http://e27.co/li-ka-shing-teaches-buy-car-house-5-years/

Dear all,

Need your independent opinion on my financial status and how can I improve further.

Basically, I'm 26 this year and working at a Bank.

My Incomes:

Net Salary: RM4,500
Rental income: RM1,250 (1 year contract starting April 2014)

Total: RM5,750

My expenses:

Housing loan: RM1350
House rental: RM360 (inclusive utilities)
Car loan: RM450 (Preve)
Food & Groceries : RM600-RM1000 (Let's take RM1000 to be prudent)
T&G: RM100 (Use LRT to work)
Insurance: RM250 (Medical and use the insurance to cover housing loan if anything happen instead of taking MRTA. Hence, need higher limit and therefore higher monthly commitment)
Phone & Astro: RM100 + RM60
CC installment: RM480 (will end in August and September this year.)
Car Oil, Maintenance, Parking: RM300

Total: RM3,990

Surplus: RM1,760 roughly


Savings & Investment

RM10,000 in shares (only in UMW Oil & Gas counter) and RM1,000 in UT (Kenanga Syariah Growth Fund, put in last week with annual return of 23.12%)

Background

I can do saving but I'm bad in managing my expense. I always use my saving or CC to buy gadgets. I was in huge debt of around RM11K last month. As my priority is to rid off CC debt first, I have used my EPF and deposit from my tenant of RM3K to settle the CC debt.

Now, I'm almost CC debt free. So, I can now focus to build up my saving and investment portfolio.

My target

I prefer to put my money at places that force me to save/invest or hard for me to withdraw out my fund. That is why I invest in property, UT and shares.

At the moment, I'm in the process of applying another housing loan but it will not cause any CF constraint coz the interest will be capitalized for 4 years i.e. during construction period. Have to pay around RM2200 starting from Year 4. I want to invest into this property coz besides no significant impact on my CF, the construction period is pretty long which allows me to save on RPGT if I want to flip it once it is completed. 

I can't put my money in ASB (I'm Malay btw) coz my dad is using it for his retirement fund. It has reached the allowable limit.

Btw, I may get married next year. So, may require significant sum of money for that of around RM15-20K. The makan-makan side will be sponsored by parents fortunately.

What's now

So guys, what do you think should I do with the excess fund of around RM1,760? Should I put everything into investment and withdraw the fund when I need it for my wedding?

Or should I put separate fund for investment and wedding?

And on the investment, what kind of investment should I focus on? I am leaning towards UT though...