Anyone going to nikko am luncheon on Saturday ?

Yah, thereabout.... slightly bigger, 2.5 Yr.

The other significant asset is my KWSP port which is double than this cash port.

I don't have properties, I don't flip prop. My wealth comes purely from salary in which I spend less than I earn, then invest the rest.

I save, then invest using DCA, i.e., the regular Joe method. I still have 20 more years thereabout till retirement.

If I have started much younger, in my twenties, I would be in a much better position now. I only started to be financially savvy in my mid 30's. I wasted ten years of time in my twenties. Having said this, I do notice some of these people who join the forum are much younger. Kudos to them to be financially savvy at such a young age. Let me tell you young people, it is worth it.... Delayed gratification is worth it! Watch your risk, let the return take care of itself....

Xuzen

I think it depends...

I spent my twenties for all major life's big stuff a.k.a bought a house, car and getting married. Only when entering 30's, i have a big jump in salary for investing. Even though i am late to investing game, i did not regret a single bit

nowadays, the world so materialistic ah

look at it this way, if people dont buy the latest doodads (iPones, Samsengs, Toyokars, Hontas, etc.) - how would companies and in turn, investors make $?
and quoting some dodgy politicians (yes, they also have good quotes) - "if i can't take care of me & mine, how to take care of U & yours?"

thus, we ourselves can be less materialistic / inflict less pain on our planet, thus able to save & invest
and since we can't control others' materialism, why not benefit from it AND use the benefits to help where possible?

just a thought ya - no absolute right/wrong

Just past mid twenties & stuck with house n car loans. Probably have to wait another 2-3 years to accumulate some capital. Hope its not too late to join the investment game.

50% of the profit you earn from UTF/FSM goes to charity. Then you are less materialistic and same level as Mr Lim Tze Cheng ( whose 50% of salary goes to some donation ).

maybe by that time, you will have other life's priorities.......

hopefully not. trying to save enough for the FSM managed portfolio. i think the biggest issue is with increase in salary, there's the temptation to increase spending on more expensive things.

this is very true....

lifestyle inflation..

what if i just put all the money in just one fund eg. eastspring instead break down various fund?
need manually post them forms for each fund?

This post has been edited by T231H: Nov 2 2017, 12:51 PM

I am inclined to believe that the younger generations are 'forced' to be financially savvy because...when older generations became more financially savvy, being in the larger pool of employer, they prioritise their own financial, which then translates to stagnant salary growth for their employees, which are mostly made up of younger generations. When salary cannot match with inflation growth, the younger generation are forced to find additional income. But this is a structural problem with no simple solution.

But I do think that at your age and financial capabilities you should at least get yourself a property for own stay but not flipping. It will grow in value, which means houses will only get more expensive. It will be beyond affordable few years from now (your kids). Your kids will thank you.

If you can afford to buy house, car and getting married, your salary is already big enough...recently just saw some news about people making RM5k below are considered in poverty, which is very sad that I'm in this group.

This post has been edited by 2387581: Nov 2 2017, 01:30 PM

Thank you for ur words, it makes me motivated.

I am 23 this year and start investing in UT thru agent when I am 20 years old. Only started invest in FSM june this year.

Alone in this road because most of my friend still duno the importance of investment / passive income, but I believe in 5 to 10 years later, my life will be definitely better than them

Happy investing to all investors in this thread !!

I'm still considering to get a REIT fund but doesn't seems to get much encouragement...

Any alternatives?

what is in your port?

some people get reits for port diversification purposes....

equity dividend fund,
for eg, NIKKO AM SINGAPORE DIVIDEND EQUITY FUND - MYR CLASS

What sort of support you want?

Lai lai... come support this jeh-jeh!


This post has been edited by xuzen: Nov 2 2017, 04:00 PM

Me