Awesome article. Made me think. Thanks for sharing

I miss reading this thread.

How's everyone doing? Shall we continue with the discussion?

Some updates recently :

- Malaysia's FD promo rate is getting higher ie ranging from 4.3 - 4.5%
- Meanwhile KLSE's performance not that great, KLCI being drag by TM & genting couple with below average QR (across listed companies) for the recent quarter.
- 1 USD : ~4.2 RM



This post has been edited by Smurfs: Nov 28 2018, 02:02 PM

Read an article on retirement
https://www.todayonline.com/world/asia/78-m...unds-retirement



sad to hear but that's the truth

I’m sure the data from EPF on the balance of the members’ accounts are accurate.

But the maths seems weird. Assuming 30 years of working, to hit RM196,800, it would means 547 per month.

As 547 is both employee and employer’s contributions @ 11% and 12% respectively (is the rates correct?), the employee’s portion is 261.

Inverse it, gross month salary is 2378.

I have not factor in bonus and EPF dividend. So with that in, gross monthly salary will be even lower.

Are we saying majority of the people earns less than 2378 per month?

taht is considering you did not take out account 2 for anything. usually, everyone takes some out for house or pay loans.

previously the starting pay also very low....
20 + years ago,...the pay for most people are very little also....

Two items below give an idea, which is quite likely what you are saying is correct.
https://www.averagesalarysurvey.com/malaysia

er.. just wondering why the focus on "others" and "average"? i thought we should focus on what we can affect?

Like focusing on our spending vs savings for FI/RE(FI/FU anyone? )
+the marathon or methodological investing the savings to grow it.

ie. why compare to others when comparing to our "last year's self / net worth" would be more useful as something we can affect / better.

just thinking out loud ya - no absolute right/wrong, just wong

Good point. I missed the one.

Thanks for the info. Quite scary looking at it.

I'm glad I manage to achieve my goal for this year earlier than expected, which is to set aside RM 5k every month, RM 60k / year. However, my investment generally perform below my expectation, especially my trust fund is at -6% instead of +10% as per their past 10 years performance. And my ETH , luckily I didn't went into with my real money.

Will continue to stay frugal & stick to my plan in the years to come.

This post has been edited by ListenToTheWind: Nov 28 2018, 08:53 PM

I think you are right on this one. We should always do better than OUR performance last year.

I guess the comparisons to "others" and "average" is more of a feel good factor. We all like to be above average after all.

What is your investment instrument and asset allocation like?

I don't really have a plan on the percentage allocation.
For now I got a shop lot collecting rent, some unit trust & share.

Cautious market indeed

Construction sure koyak, oil price is declining back, more engineers turn into contract basis, ron95 gonna float so might see higher price, sst impact gonna be more felt in 2019, more interest rate hikes(?), people slowing to buy props due to LGE mentioning price will fall 10% so they rather wait n see, china merchants flooding our market tru shopee, killing most SMEs, gomen going tru financial consolidation so less pay hikes for public servants hence weaker public consumption, higher min wage to rm1100

At least we have cheaper broadband prices lol

Started investing since 2008. Market was always up.

Now marketing is dipping and it looks to stay that way for the foreseeable term.

Good wake up call that financial freedom is not as easy as it seems. Had a terrible investing year so far.

I'm still in my 20s but am fortunate enough to have a decent family background and have the chance to travel around the world already.

I was hooked when I first discovered the FI/RE or FF concept but I have discovered that this isn't really for young folks.

I do agree that we should go traveling as soon as possible cause that experience and exposure will have added value on us and help with our holistic developments. The same with using branded-but-not luxury stuffs (some branded stuffs are just household brands in the west but frankly we're too poor to afford them).

I would generalise it as my generation is exposed to decent living standard now thanks to the internet age. it's really hard for us to live frugally when we are already struggling to afford literally any property or even a decent car.

Hi guys!

Been working towards FI/RE since 2 years ago, and I managed to achieve my personal target of 100k of net worth before turning 26 just a couple of weeks ago.

My method is mainly:
1. Have a monthly budget on how much to spend for bills, food, groceries, etc.
2. Invest about 1/3 of my income to either ASB, TH.

Since I have achieved my personal milestones, I am thinking to step up my game to increase my net worth in a higher rate by creating additional income stream and/or investing in the stock market. I am getting married at the end of next year and probably wouldn't be able to save/invest much for a period of time afterwards.

I've been investing in the stock market a little bit since last year but couldn't really have a consistent return, I need to learn more. Anyway, do you guys have some ideas on a simple additional income stream or investment ideas that I could look into?

Thanks! Keep the FI/RE lit.

great to know that....
btw,...don't forget to spend some time to smell the flowers during your journey to FIRE.
at times, there are many things one may have missed during the course of reaching the FIRE goal....and those things may not be available anymore when FIRE...

As you managed to reach $100k in a few years, suggest you maintain the same strategy and practice as it is proven.

I would like to know, in what and how this help you to better arm for FI/RE?