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 Investments after RM 1 Million, What's next?

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TSSolidw3rk
post May 23 2016, 05:49 PM, updated 8y ago

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This thread is for those who has reached the RM 1 million level and have gone ahead to making wise decision (or bad mistakes). Would love to hear your advise and guidance without giving away too much of your unique secrets of course.

A bit of myself. I've been an entrepreneur for almost 10 years. Made a lot of costly mistakes more than half of my business life. However, I suppose after barely surviving through years of being almost bankrupt, I am finally on the right path. Made good partnerships and right investments was definitely key to growing my wealth tremendously.

My current stats is as follows:

- RM 50k fixed monthly income
- Approximate RM 500k to 800k annual profits from businesses
- Personal Expenses of less than RM 6k a month includes food, entertainment and housing. Still single and living alone
- Zero credit card debts, 100k car loan (bought second hand japanese D segment car), 40k personal loan (used as emergency funds to kick start new business venture few years ago)
- No properties owned. Still renting but very cheap at only RM 1.5k monthly
- Cash at hand of over RM1m

Investments:
- Unit trust: RM 25k (I don't quite understand it but invested for the sake of diversity. Went with Public Mutual and selected high performance funds)
- Business Investments: RM 250k (Bought 20 to 30% stakes in a few startup companies. Still waiting for business to mature and grow to breakeven point)
- Stock Market: RM10k in some O&G company since its quite cheap now

From my own profile. I can see that I have been quite frugal in my expenses and focused on wealth generation but I can see that I have been holding too much cash which is not doing anything for the past year. Investing them would definitely be good but I am running out of ideas or options.

By the way, I am 35 years old and still single without any dependencies.

Would love to hear those who has been through this road of entrepreneurship and onwards to growing their wealth further. I think my journey has just started and I need to make the right choices next. It is still possible for me to lose everything within a year. So I am trying to avoid that.

The_Merchant
post May 23 2016, 06:07 PM

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just curious what business are you in to generate fixed income of rm50k per month? hehe mind to share share?
TSSolidw3rk
post May 23 2016, 06:15 PM

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QUOTE(The_Merchant @ May 23 2016, 06:07 PM)
just curious what business are you in to generate fixed income of rm50k per month? hehe mind to share share?
*
I own a few technology companies. Basically SaaS models which I market overseas. Also in my part time, I work as a technology consultant to a public listed company. Everything else is still unrealised yet until the business matures.

Are you running your own business as well?
ikanbilis
post May 23 2016, 08:23 PM

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QUOTE(Solidw3rk @ May 23 2016, 05:49 PM)
This thread is for those who has reached the RM 1 million level and have gone ahead to making wise decision (or bad mistakes). Would love to hear your advise and guidance without giving away too much of your unique secrets of course.

A bit of myself. I've been an entrepreneur for almost 10 years. Made a lot of costly mistakes more than half of my business life. However, I suppose after barely surviving through years of being almost bankrupt, I am finally on the right path. Made good partnerships and right investments was definitely key to growing my wealth tremendously.

My current stats is as follows:

- RM 50k fixed monthly income
- Approximate RM 500k to 800k annual profits from businesses
- Personal Expenses of less than RM 6k a month includes food, entertainment and housing. Still single and living alone
- Zero credit card debts, 100k car loan (bought second hand japanese D segment car), 40k personal loan (used as emergency funds to kick start new business venture few years ago)
- No properties owned. Still renting but very cheap at only RM 1.5k monthly
- Cash at hand of over RM1m

Investments:
- Unit trust: RM 25k (I don't quite understand it but invested for the sake of diversity. Went with Public Mutual and selected high performance funds)
- Business Investments: RM 250k (Bought 20 to 30% stakes in a few startup companies. Still waiting for business to mature and grow to breakeven point)
- Stock Market: RM10k in some O&G company since its quite cheap now

From my own profile. I can see that I have been quite frugal in my expenses and focused on wealth generation but I can see that I have been holding too much cash which is not doing anything for the past year. Investing them would definitely be good but I am running out of ideas or options.

By the way, I am 35 years old and still single without any dependencies.

Would love to hear those who has been through this road of entrepreneurship and onwards to growing their wealth further. I think my journey has just started and I need to make the right choices next. It is still possible for me to lose everything within a year. So I am trying to avoid that.
*
Since you have cash over RM1m doing nothing, why don't you settle the car loan RM100k and personal loan RM40k??


.


NightHeart
post May 23 2016, 08:41 PM

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Most people would be more interested to know how you made that million+ in details lol laugh.gif

Anyway, investment is like business. You need to do your research & due diligence to tell apart the goods ones from the bad ones. So it really depends on your cup of tea, people can suggest invest into properties....every month can collect passive rental income. Or another group may suggest investing in REITs, become a dividend warrior it's similar to collecting rentals. But if those areas aren't your cup of tea, researching & due diligence works would be cumbersome & a pain in the arse.

Personally, since you've been investing in start ups, why don't you continue in that? I'm sure you already have the trick of trade on how to identify a potentially good start up from a day dreamer's syok sendiri start up. No doubt the risk seems higher, but no matter where you invest, there'll be risk (except for FD some some bonds). That's where you skills, knowledge & experience comes into help mitigate the risks, so that you're blindly investing. Blind risks are for gamblers, investors take calculated risks.
5p3ak
post May 23 2016, 09:03 PM

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Put in GIA while you research more on investment.
howszat
post May 23 2016, 09:08 PM

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QUOTE(Solidw3rk @ May 23 2016, 06:15 PM)
I own a few technology companies. Basically SaaS models which I market overseas. Also in my part time, I work as a technology consultant to a public listed company. Everything else is still unrealised yet until the business matures.
*
Don't quite understand. You said:
QUOTE
- RM 50k fixed monthly income
- Approximate RM 500k to 800k annual profits from businesses

This is hardly what one would call "unrealised" or "immature"?



Playmaker8
post May 23 2016, 09:21 PM

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Hi TS, congratulations on what you have done so far in your 10 years entrepreneur journey. I am coming from IT background as well but i am clueless as hell after working for 2 years ( Foundation not strong enough , lack of technical skill like programming,networking ) . I wish to build a startup but i have no skill. That's why i always admire ppl like you. Like you guys are always able to solve problem and get things done.

Malaysia definitely need more technopreneur like you

Good luck all the best rclxms.gif

This post has been edited by Playmaker8: May 23 2016, 09:21 PM
Showtime747
post May 23 2016, 09:35 PM

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Whether it is a RM1m or RM1k investment, aren't we trying to maximise our return with what we have ? Ie. the amount doesn't matter...

Or are you asking the typical question (which the thread will eventually be deleted by cherroy) of "I have RM1m now, what is the best investment for me ?"

There are heaps of resources in FBI section, and there are many millionaires and bosses here who unselfishly share their experiences too. You just need to spend some time to read through.


TSSolidw3rk
post May 23 2016, 10:17 PM

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QUOTE(ikanbilis @ May 23 2016, 08:23 PM)
Since you have cash over RM1m doing nothing, why don't you settle the car loan RM100k and personal loan RM40k??
.
*
I made a mistake with these before I really got my business established. Should have went with a flexible loan. If I did try to do early settlement now, the banks will charge a penalty. Why bother since a car is a depreciating asset and a loan is already drawn down? No rush on this.
Aventador360
post May 23 2016, 10:21 PM

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QUOTE(ikanbilis @ May 23 2016, 08:23 PM)
Since you have cash over RM1m doing nothing, why don't you settle the car loan RM100k and personal loan RM40k??
.
*
Agreed.
Aventador360
post May 23 2016, 10:22 PM

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QUOTE(Solidw3rk @ May 23 2016, 10:17 PM)
I made a mistake with these before I really got my business established. Should have went with a flexible loan. If I did try to do early settlement now, the banks will charge a penalty. Why bother since a car is a depreciating asset and a loan is already drawn down? No rush on this.
*
Good answer.
TSSolidw3rk
post May 23 2016, 10:29 PM

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QUOTE(NightHeart @ May 23 2016, 08:41 PM)
Most people would be more interested to know how you made that million+ in details lol laugh.gif

Anyway, investment is like business. You need to do your research & due diligence to tell apart the goods ones from the bad ones. So it really depends on your cup of tea, people can suggest invest into properties....every month can collect passive rental income. Or another group may suggest investing in REITs, become a dividend warrior it's similar to collecting rentals. But if those areas aren't your cup of tea, researching & due diligence works would be cumbersome & a pain in the arse.

Personally, since you've been investing in start ups, why don't you continue in that? I'm sure you already have the trick of trade on how to identify a potentially good start up from a day dreamer's syok sendiri start up. No doubt the risk seems higher, but no matter where you invest, there'll be risk (except for FD some some bonds). That's where you skills, knowledge & experience comes into help mitigate the risks, so that you're blindly investing. Blind risks are for gamblers, investors take calculated risks.
*
Yes, I am looking into startup investing but there isn't much capable ones in Malaysia. That's not to say the idea isn't good. It's just the market capability of Malaysia isn't that strong to sustain a high growth business. That's why even for my own companies, I ventured overseas rather than market locally.

I do know that older and more successful entrepreneurs have great advise from private bankers and are open to specialised investment programs which can't be found publicly. Unfortunately, to private banks, I am still considered unqualified. Have to keep working harder I suppose.

Somehow, if you read any motivational books, the simple idea is to "let your money work hard for you" but the biggest question is still how? Hence, my search continues. smile.gif
cuz
post May 23 2016, 10:30 PM

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wow.. nice portfolio! Congrats TS at 35 already built so much!
Mind intro the statups u invest in?

Myself more into early stage pre ipo startups/ developers/ hoteliers/ VCs
Set up a private fund worth RM1M just for this.

Mind to share some thoughts and ideas on your success?
i pm you my #




TSSolidw3rk
post May 23 2016, 10:32 PM

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QUOTE(5p3ak @ May 23 2016, 09:03 PM)
Put in GIA while you research more on investment.
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Forgive my ignorance but what is a "GIA"? I am guessing liquid investments where capital is guaranteed?
TSSolidw3rk
post May 23 2016, 10:36 PM

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QUOTE(howszat @ May 23 2016, 09:08 PM)
Don't quite understand. You said:

This is hardly what one would call "unrealised" or "immature"?
*
Sorry. I should have been more detailed. My current companies are those which I have built myself and have matured to profitability.

Those I labelled under Investments are new startups which will still take some time to even break even. Can't do much about it except keep monitoring for improvements each month.
howszat
post May 23 2016, 10:37 PM

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What is your SaaS?

When we know, we can give a better opinion on where you should focus your effects.
TSSolidw3rk
post May 23 2016, 10:44 PM

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QUOTE(Playmaker8 @ May 23 2016, 09:21 PM)
Hi TS, congratulations on what you have done so far in your 10 years entrepreneur journey. I am coming from IT background as well but i am clueless as hell after working for 2 years ( Foundation not strong enough , lack of technical skill like programming,networking ) . I wish to build a startup but i have no skill. That's why i always admire ppl like you. Like you guys are always able to solve problem and get things done.

Malaysia definitely need more technopreneur like you

Good luck all the best rclxms.gif
*
Thanks! Important is your determination.

After college, I was working in IT for at least a few years just to earn some money and also to mature myself up. I've always wanted to have my own Dot Com company since college. I even built my B2B store just a year after Alibaba launched back in those days. But it's fated that me and my partners just wasn't matured enough or have any business experience to successfully drive it. Ended up fighting with each other and each going separate ways.

Don't let your weakness demotivate you. I don't know programming or have networking skills either smile.gif So what I did was to learn management skills so that I can handle outsource teams of programmers and designers to handle any projects for me.

These days, it's all about coming up with great ideas and launching it at the right time and at the right pace with the strongest market for it. You don't need to have technical skills to confidently launch all these.
howszat
post May 23 2016, 10:49 PM

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QUOTE(Solidw3rk @ May 23 2016, 10:44 PM)
These days, it's all about coming up with great ideas and launching it at the right time and at the right pace with the strongest market for it. You don't need to have technical skills to confidently launch all these.
*

So someone with a great idea is going to just post the idea into a public forum for your benefit?

TSSolidw3rk
post May 23 2016, 10:50 PM

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QUOTE(Showtime747 @ May 23 2016, 09:35 PM)
Whether it is a RM1m or RM1k investment, aren't we trying to maximise our return with what we have ? Ie. the amount doesn't matter...

Or are you asking the typical question (which the thread will eventually be deleted by cherroy) of "I have RM1m now, what is the best investment for me ?"

There are heaps of resources in FBI section, and there are many millionaires and bosses here who unselfishly share their experiences too. You just need to spend some time to read through.
*
You are right. I should be more specific.

While I am still actively investing in companies. What I am interested to know if there is any Passive forms of investment which does not take much more of my time to monitor. I was reading other threads but most senior entrepreneurs I came across doesn't seem to be from the same industry as I am. So I was hoping there will be some good technopreneurs who has already done it before and willing to share.

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