Hi guys,

I'm a newbie too when it comes to investing. What kind of advice would you give to me when it comes to investing? I just couldn't make it my mind. Approaching 30 soon so I don't want to waste more time anymore. Trying to retire early or to have some kind of passive income to sustain myself in a long run. Thank you in advance.

Cheers,
Max

Hi dreamer,

I am a noob in investing but is putting the money in FD really good? The fact that people say about FD is very secure is a thing of past. Look at Barings Bank itself and how the people who put their hard-earned money there. Correct me if i'm wrong, I heard that our government will only guarantee a certain limit of money in the bank if the bank collapsed. Just my 2 cents.

Regards,
Max

Hi dreamer, I checked with my frens working in bank. It's RM60k per person/ID number.

Cheers,
Max

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Added on June 21, 2007, 10:21 amHi deadalus,

Where do you think our government put their money in? If the bank in Malaysia can collapse, I don't think our government can pay that amount to bail them.

Our banking industry is quite regulated so for it to collapse meaning the whole banking system is screwed. Which means, those banks are doing fishy loan deals with some fishy companies in malaysia.

Just like the EPF. Only time will tell when it will collapse. They have no transparency on their investment strategy. They started off with bailing small companies. Over the time their appetite grow. Now you see them taking over RHB with no concrete reason or business strategy. Soon, probably you will see more as they are getting more daring.

Cheers,
max

This post has been edited by maxwoo: Jun 21 2007, 10:21 AM

Leek,

That is quite true. No risk, no return. High risk, high return. I guess that's the rule. How about investing in properties, gold or open an account in our neighbouring countries as a hedge plan?

Cheers.

I guess that's the reason why so many forumers asking for advice from seasoned investor in this forum. We seek for advice on investment so that we won't make the same mistake again. There's just too little time to make the mistake and learn from it. We want to learn from others mistake and avoid doing it.

Everyone is saying that the recession is coming and KLSE might burst soon. I need to ask those who have gone through 85-87 recession and 97-99 recession. How many actually predicted that it will happen and left virtually unscathed from it?

Everyone I know is waiting for the KLSE index to crash so that they can by then buy so-called cheap, good fundamental shares. But is this really so easy and predictable?

It really seems that everyone can save their bullet for now and wait until KLSE crash and start buying shares like Public Bank, YTL, TOTO, DLADY, etc. Then everyone will make money...

What i noticed is experienced investor in this forum are reluctant to share about how to start a proper investment program. While we(the young going-to-be-investor) are not expecting any spoon-feeding, we would definitely appreciate any hint.

Thank you..