dun talk like this. ppl expert in investing 1. btw, he is bumi.

kenot ~ waste of luxury time. u can use that time to invest fund.

if you earning 20mil monthly = 27.7k hourly.
if you take 7 x 27.7k = 193.9k daily can invest more money come liao
this is worst than buying a car

you should be glad liao. in-case you investment all gone also you no feel. just regular spending.

note how luxury time = I equate to money just now? (in the warren buffet example)

the main aim of life, is to maximise luxury time (or maximising utility). because by having lots of luxury time, you maximise your enjoyment in life. you want to have as much free time to enjoy life as possible, and do what you consider most fun, in the mean time still have enough money for financial independence.


In short, all the money in the world, or spending in the world, my main goal, is to free up more and more luxury time for myself. Luxury time translates into happiness, utility, and satisfaction in life.

Lots of people think that money is the most important resource in the world, and needs to be optimised. but in reality, money is the second derivative of time. Time is the most important resource in the world. And to have free time, is to understand the true meaning of why we work everyday, earn money and spend. To gain more time for ourselves.



capital gains has no tax, only 2-3% zakat.
property gains has no tax considering my holding period, only 2-3% zakat.
my dividends, i have always calculated it in an after-tax basis
ASB and AS1M has no tax, only 2-3% zakat.


Any FM worth salt, will always consider returns in an after tax basis. Saying you are financially independent, only for your client to be killed by tax, is the best way to blow your own credibility lulz.

actually. in the fm industry, losing millions = no feel. You only feel it if you lose your money because you made stupid decisions, like not being diversified enough, or acting on impulse. of which we keep on learning. if KLCI went to 0, and my fund went to 10, i still outperform KLCI.


My personal portfolio is relatively diversified, with some in fixed-priced funds like Tabung haji, ASB, KWSP, AS1M, i have malaysian equity, i have some in FD, i have some in gold and silver paper, i have quite a large chunk in my condo's and property across KL, i have some in mutual funds, and some in foreign equity.

It is normal for price to fall, and any of my asset class can underperform. But as long as im diversified, its difficult to lose all my money at the same time. Even if the world goes to war, or malaysia interest rates goes to 30%, or pakatan rakyat takes over, or US gets nuked to hell, ill be fine. I will lose some money. thats to be expected in life. but i will always be conforted by the fact that, i am much better to do than most people around me.

most people who ask this can't afford it

lel
then how u know ppl spend 300k on the car themselve not hapi


meleis investor no wonder

can explain wat u mean by meleis investor no wonder?

why put in ur condo? bank safe no use meh?

bn macai?

tabung haji and kwsp can put in fund 1? pls pass some infor i wan i wan

Facebook ceo he just get a golf gti even if he can buy 10 ferarri

This post has been edited by AxeFire: Apr 11 2014, 08:58 AM

coz he got high chance of good yield interest at ASB liao. where else which in market can promise 6%+ in fund investment without lock in more than 3-5years period.

get what i mean?

Drive expensive car n dine in mamak, ideal Gen-y lifestyle

depends. i put money in FD based on my current income requirement.
For example, since next year im aiming to buy 1 or two more properties, and i need 30% down, so i will have some 200k-300k cash in FD.

Property is a good hedge of inflation. A good hedge of inflation has a characteristic that its nominal value increase through time. And hence, i do put a large chunk of my investment in property. The net rental income is enough to cover my historical loan payment by almost 1.5x, so it also is a cash generating asset. Furthermore, the rental of condo, also increases through time. and hence, it is quite a good asset class to be in, as long as there is law and order in land ownership. Property makes up >45% of my portfolio.

ASB/AS1m/Tabung haji are decent investments, but they only make up less than 7% of my portfolio because they are not inflation hedges. Investments in non-inflation hedges like fixed price fund will expose you to inflation risk, and too much weighting will result in you underperforming during periods of high inflation.

That means, during periods of high inflation, ASB will give 7%-8%. but money will deteoriate at a rate faster than 7%-8%. Moreover, property prices and equity and commodities, which are better hedges in inflation, will increase faster than the inflation rate. Hence, it as i said, its not good to be too focused in ASB/AS1m/Tabung haji.


However, Bank FD has a lower return.
According to my own investment policy statement, my risk profile is above average risk tolerance, and to maximise return given risk tolerance. Having too much money in bank safe, altho is "safe" (not really, the quality of your bank savings is only as good as the quality of the bank). will jeapordise total returns, hence, bank FD should be only used for immediate liquidity requirements. Especially given my long time horizon of 50-60 years to my own death.

This post has been edited by FindingGamerWife: Apr 11 2014, 09:04 AM

I c.. so sux I am not bumi FML

few days liao. i go those gooding restaurant with selipar tesco + cargo pants. ppl no hiew me
diau lip amoi also no hiew me

how to invest into KWSP / tabung haji jek i wan in

me too but I know got way to invest
ask luci

just leave ur money in account1/2 la zzzzzz.

if u wan in tabung haji, you need potong ur kewkew

forget what i ask earlier

aiya from his reply he really is not rich la thats why he is saying all these stuff to justify that we all spend money on cars are stupid. people will be like this when they are super jealous that he has not enough money.

The high position ppl got compnay cars, replace every 5 years after fully depreciated.

cheh only poorfag, car also need to use own money to buy

yes, those more than 1m car like Bentley usually the gelaran is Tan Sri already

Just sleep in car, eat ppl belanja, shower in office... no need to earn 10k