I can. But I choose not to. My investment are basically earning me 1-2 months salary every month (this is all foreign currency).

But I need to make it safer hence I am still working.

Hi l, I'm 30 y/o this year. I have abit of disposal of income

I dumped all of them to fd and recently I'm looking for other instruments to dump my monies. I have been actively purchasing property with a rental yield of 6percent as roi. But recently I think that property purchase is too much of hassle and I think fd rate is too low.

I'm not keen of bursa because I'm not disciplined enough.

Looking for advices on how to further grow my wealth

Hi l, I'm 30 y/o this year. I have abit of disposal of income

I dumped all of them to fd and recently I'm looking for other instruments to dump my monies. I have been actively purchasing property with a rental yield of 6percent as roi. But recently I think that property purchase is too much of hassle and I think fd rate is too low.

I'm not keen of bursa because I'm not disciplined enough.

Looking for advices on how to further grow my wealth

I will tell you what my teacher Hansel told me years ago. Don't hold Malaysian currency. It's a useless currency that depreciate yearly.
When a currency depreciate, you are losing purchasing power over time.

The only way to guard yourself from currency depreciation and loss in purchasing power is hold and earn foreign currency which are stronger than RM.

Preventing loss in purchasing power is a strategy to grow your wealth over time. Up to you to think how are you going to earn foreign currency. Lots of way to skin a cat. Choose the one which you are comfortable. Of course holding FD in Malaysia currency is certainly not the way to go.

I will tell you what my teacher Hansel told me years ago. Don't hold Malaysian currency. It's a useless currency that depreciate yearly.
When a currency depreciate, you are losing purchasing power over time.

The only way to guard yourself from currency depreciation and loss in purchasing power is hold and earn foreign currency which are stronger than RM.

Preventing loss in purchasing power is a strategy to grow your wealth over time. Up to you to think how are you going to earn foreign currency. Lots of way to skin a cat. Choose the one which you are comfortable. Of course holding FD in Malaysia currency is certainly not the way to go.

And still got heck ton of KWSP fanatics on Lowyat maxing out their contribution every year.

KWSP portfolio value is not free floating, it's almost like a fixed deposit denominated in MYR. When MYR drops, you lose purchasing power, and you don't get the extra profits from exporting companies; when MYR rises, you can't lock in the profit and diversify into other currencies and assets before you retire.

I don't think MYR necessarily depreciates against other currencies, but ppl here are seriously thinking in MYR and not in actual purchasing power. It's extremely short sighted way to manage personal wealth.

That's why I never max my EPF despite I can do it. By maximising EPF means one have faith in the MYR. Something which I don't.

Its better to have some faith, but not total faith in anything. Diversify aggressively, be it currency, accounts, equities, asset type, region etc.

It's challenging to find a valid argument that support the bullishness for MYR or Malaysia, really.

Perhaps that is one of the reasons that our FM said
"Fixation of ringgit versus US dollar must stop, says Tengku Zafrul
By Luqman Hakim
August 6, 2022
https://www.nst.com.my/news/nation/2022/08/...s-tengku-zafrul

Indirect telling the gomen got no idea how to stop the slides?? 🤔🤔

When I see this FIRE thread, I feel like weeping. For a few months in 2021, when stock markets were at their pick, FIRE was within reach.

The freaking Biden takes office and freaking Xi began the tech crackdown/inflexible Covid policy/whatever and things went south.

It is about guts. When US market down during last few months and you see your portfolio down, do you have guts to add money even though you know it can be down further?

I did that with my US stocks and I got some up like 15%-20% currently and no before you said it's small cap nope they are all large cap profitable companies (Adobe, Microsoft, BlackRock.etc).

Did I buy at the bottom? Nope.
Did I buy near the bottom. Yes and no.
Did I buy even when I know market is dropping? Yes.
Did price drop further after I bought them? Yes.
Was I scared it will drop further? Nope. I was excited as I can buy more if things are cheap.

Embrace a red market/down market like it's shopping season. You buy when things are on sale right? Same thing. The stock market is the only market in the world where people hate a sale. Buy sell when there's a sale and buy when sales finished.

Remember money is build in red market and not green market. It's your ability to buy when market are red is the key to building wealth. It's about how strong your guts is at the end of the day. Not about how smart you are.

When I see this FIRE thread, I feel like weeping. For a few months in 2021, when stock markets were at their pick, FIRE was within reach.

The freaking Biden takes office and freaking Xi began the tech crackdown/inflexible Covid policy/whatever and things went south.

Hi l, I'm 30 y/o this year. I have abit of disposal of income

I dumped all of them to fd and recently I'm looking for other instruments to dump my monies. I have been actively purchasing property with a rental yield of 6percent as roi. But recently I think that property purchase is too much of hassle and I think fd rate is too low.

I'm not keen of bursa because I'm not disciplined enough.

Looking for advices on how to further grow my wealth

Trying to set a goal to retire early however im not that knowledgeable about investing, learning alot from this thread.

Before you want to retire early please consider two below big ticket items first. Settle already?

1. If you have kids, how long you feed them until they feed themselves
2. If your elderly parents still around, how long you feed and support them until they are gone

Once you clear above 2 big ticket items, then you talk about your own retirement or fire. Item 1 can be avoided if you don't have kids. Item 2 can be avoided if your parents are financially capable or they deceased already. One biggest worry is Item 1 or Item 2 kena some "expensive illness" then you really need a lot of monies. Insurance can cover but I don't think they cover all or for some "expensive illness" doubt insurance is adequate.