me when my accounts finalizes my gaji

trying my best not to siphon all my savings into stocks and reminding myself to place some into fsm. I have been forgetting about it

Lets not derail topic or xuzen will have my head......

... hevea...
.... vs...
... tenaga...

kthxbye

well said. many old timers here have weathered multiple economy crisis and look where are they now. not in bankruptcy nor have they suffered a traumatic disaster.

my point is stop timing the markets. just follow the ratio of financing yourself

50% of pay goes to permanent monthly expenses like mortgage, car loan, taxes, bills,
30% goes to savings and investments. 10% of it is in EPF so break down 15% into your UT Port and 5% into CMF/emergency funds.
20% for entertainment purposes like date nights, renovations and travels.

also focus on cementing your job and never let your passive income disturb your work like taking day off just to go to bank or Singapore.

have a side income. have hobbies work for you like bonsai, drawing, painting, scale modeling while it keeps your sanity and creativity. I love my work so I work on weekends and public holidays so that generates an additional 2.5k per week.

and I have funds to open up another clinic if I wanted. that's how you become secure. not just chase numbers or worrying about the currency exchange because that's out of your control

seems everyone is on the band wagon of cyptos even dividend magic. not gonna invest something that's not regulated

Good for you. Cryto is the way to go in the future. Quite disruptive the tech (banking/verification industry) The tech won't die but the coines may die. The tech is definitely here to stay when you know alibaba is also using blockchain tech to counter food fraud.
Well forex is not recognise in malaysia too in case you didn't know but people still make good money off it.

Er, you do know you can invest in crypto without owning a single coin right? You can invest in graphics card company (the engine behind cryto as they need graphics card to obtain cryto ) and be a part of it as what I told xuzen in another thread. Sometimes it's not wise to invest in gold during gold rush but invest in the companies providing the tools. And those graphics card company are on regulated exchange

"will fsm suddenly take my money and runaway onot oh"
For cash investments, all units will be registered under iFAST Nominees Sdn. Bhd. For EPF Account 1 investment, they will be registered in your names. These units are segregated from the company’s assets.
In the unlikely event that iFAST Capital ceases as a business concern, with your permission, all your assets registered under iFAST Nominees Sdn. Bhd. will be transferred to another Institutional Unit Trust Advisers (IUTA) or they will be returned to you.

I googled and found this in the FAQs.
https://www.fundsupermart.com.my/main/faq/2...Information-998

about FSM....
.......
iFAST Capital is a subsidiary of iFAST Malaysia Sdn. Bhd. (formerly known as iFAST-OSK Sdn. Bhd.), which is wholly owned by iFAST Corporation Ltd. ("iFAST Corporation"). iFAST Corporation is headquartered in Singapore and the iFAST group of companies are also present in Hong Kong, Malaysia and China. The company was incorporated in Singapore on 10 January 2000.
In 2007, iFAST Corporation launched its first overseas business, Fundsupermart in Hong Kong and in 2008, it launched Fundsupermart in Malaysia. iFAST Corporation launched its office in China in 2014.
iFAST Corporation was listed on the Singapore Exchange Mainboard in December 2014.

https://www.fundsupermart.com.my/main/home/aboutUs.tpl

Listed company can also be in PN17 status.......or under receivership.....
I won't base "will i get back my money if that company disappear" based on since it is has a listed company status.

I would based on this.....
Q: When I buy funds from Fundsupermart, in whose name will the units be registered in?

A: For cash investments, all units will be registered under iFAST Nominees Sdn. Bhd. For EPF Account 1 investment, they will be registered in your names. These units are segregated from the company’s assets.

so from that, I would "assume" just "assume".....don't quote me on this...you need to contact FSM office to get the correct and valid answer.
I "think"....to ensure the security of their customers' assets, FSM would have appointed a custodian to hold their customers' assets. The following are what I "think" the transaction flows for subscription and redemption would be like:

He always OT .... FSM most hardworking staff.

He will says : "I can neither confirm nor denial that i am a FSM staff. For more information, please refer to FSM CIS" 

Not to forget every time when we have some interesting "arguments", the next day we will see some kind of "articles" appear in FSM related to the topic 

I learned the power of compounding from my grandma. When I was a kid, I used to sit beside her at the mahjong table. And I learned how to count the winning hand, the points are a combinations of 4's and 'fun'.

"Fun" is double. If you have 3 funs, you double the total points by 3 doubles, as in  2 x 2 x 2 = 8 times.

3 funs is chup chup sui; with 5 or 6 funs, it gets serious as a winning hand with 5 or 6 funs can sweep the table.

4 funs is 2x2x2x2 = 16 times
5 funs is 2x2x2x2x2 = 32 times
6 funs is 2x2x2x2x2x2 = 64 times

Using the rule of 72, 9% compounded interest will double the initial sum every 8 years.

By delaying 6 years, the above colleague is missing out the last "fun". A huge difference.

=========

Using rule of 72,
5% is about 14.4 years to double the initial sum.
8% is about 9 years.

The difference in a few percentages is a huge difference too.

It can determine whether or not you can reach another "fun" and "sweep the table".

Lesson learned: Efficient usuage of money and not let it sit idle for too long. Take on more risk to get the extra percentages.

==========

Give your newborn child a UT gift of 10k, and hold it in trust till the child is 60, you will get to see compounding magic at work.

==========

To a previous post by yklooi, alternate solution is delaying the dividend withdrawal by 5 or 6 years and let the nest egg compound itself to a bigger size before beginning the withdrawal.