QUOTE(TheRant @ Jul 15 2019, 09:42 PM)
Why FD is not an investment. You talk as if stocks in general give you more then FD. But I guess only something that provides 5-6% returns counts as investment right? The reason why I mentioned FD is because stocks is not the best place to put your money at this time. Of course if you are willing to take the risk and invest in say us stocks or bitcoins be my guess. The reason why I used FD as an example is because it's the safest.
Are you sure you would save 20-30% that?
https://www.youtube.com/watch?v=cm2pYoSnnBoAnd that is provided you manage to even get a job in those companies.
BTW, I find it ironic that you did not even describe your situation.
I think the fact that you ask parents to put spend a sum of RM500k to RM1mill on their kids is a little irresponsible. What if say their kids did not make it. And even if they did make it. Are they going to save 20% as you mentioned. Because to be earning that salary you mentioned, they will have most likely have to be based in that area above. And even then it's not a guarantee that they will get that job over there. Maybe you should learn a little bit on risk management.
Anyway. As I mention earlier. Most of the subjects in the universities, there is probably a text book that cover each of them. As I mentioned earlier, your interaction with the lecturers are limited unless you are at the masters or phd level.
Let me rebut it one by one. Stocks do return more than FD, just pull up NASDAQ's new high and look at your measly FD returns, you'll know what I'm talking about. In unexciting markets like MY or SG (Asean in general), of course returns are poor. I have been investing since my uni years in foreign markets - again, something that people without overseas exposure won't be at advantage to do, simply because they will not understand the local economy, the startup scenes nor view the actual storefronts.
Next, I have emphasised that being a single male saves lots of expenses. In fact this applies to anywhere you live. Sure SF is an area where ppl have been priced out due to the abundance of tech firms, but you can't point at the US' most unequal neighborhood and generalise the case across the 51 states. The sheer number of US and UK companies that could pay you a decent wage while being located in midwest / cheaper eastern states / outer London (say Birmingham, Cambridge, Manchester) are quite unimaginable if you know where to look. Software engineers and coders could also work remotely, and intangible benefits (dinner claims etc) also help to alleviate living cost. Next, some consultants don't even live in their homes and live the frequent flyer, Tumi luggage life. And these are pretty demanding professions that require network, critical thinking, academic knowledge to succeed - again, lacking in average unis.
It's not ironic la I just don't think it adds to the discussion? I'm sponsored for my undergraduate, hence working with the company that sponsors my study. So my job seeking process / career path is obviously not the same as the ones who are privately funded. I on the other hand am interested to know why you are this disillusioned, are you becoming a father and getting afraid of spending money on your children?
TBH, getting a job in the UK / US aren't that difficult if you know what you are after, and how you want to get there. Even working in a 2nd tier professional services (take a 2k GBP job in an SME from the UK, whereas premium consulting or professional services could start at 4k+) would likely mean earning 3 times the Malaysian salary. Add that to better public healthcare, transport, food and living quality, I honestly do not see why
And quite happy to see you bring the topic back to actual benefits of university study. Universities, I emphasise again, provide you the resources (something as simple as a Bloomberg Terminal, networking events). You can say that people don't have to spend a lavish amount to succeed, but honestly how many people become top guitar / chess players / soccer players / consultants without getting a techer / entering an academy / paying for consulting case studies? We are simply analysing the benefits and costs, and to me if the family can afford it (i.e. not having to strap their belt or cut back on consumption), the mere experience of studying a good Ivy / Oxbridge uni is worth it, not even talking about the job opportunities that come your way.
Given that business environments entail more risk for incoming entrepreneurs and the increasing gaps between uni graduates from top / bottom unis, the importance of a degree is only going to increase, unless you are willing to take alternative routes.
This post has been edited by bursageek: Jul 15 2019, 10:51 PM