On Oct 1st 2017 I had a heart attack. I was rushed to a hospital, and two stents were installed to correct my blocked arteries. It was a wake up call. I promptly decided to retire from my job, and returned home. I was an expat in one of the Middle East countries.
...
Dec 3rd, I arrived home in Kuala Lumpur. Has been spending time to do some cardiac check ups to be sure that I was properly treated by the foreign doctors. I shouldn't have doubted, but there has always been a niggly feeling that something might have been amiss due to persistent chest pain and shortness of breath.
Sure enough, the cardiologist in KL identified three more blockages, all above 60 percent block. On 7th Dec, one more stent and one balloon were inserted. The third branch artery is too small and insignificant and left untreated. Hopefully medication can takes care of that.
After one week of recuperating and resting at home, my mind keeps nudging me to engage in productive activities. I have always been an active professional and a high achiever in my career. I have spent the last 17 years working overseas, drawing good salary, doing high pressure and undertaking even higher responsibilities.
Of course I can spend quality time with my grandchildren. That has been very calming and therapeutic I must say. While it fulfills my soul, it does not stimulate my mind.
Hence, my wish to be an investor on KLSE. I will be keeping a journal as a way of documenting my journey, sharing my lessons learnt, and hopefully encouraging others by making some decent profits. As a worse case scenario, even if I suffer losses, I can forewarn others of pitfalls to avoid.
Therefore, I have created an online trader account, and have deposited RM20,000 as my seeding capitals; one which I will use to test water.
Wish me luck...
20k?
What can you buy?
To be a day trader?
Better not.
Since you already have cucu, better spend more time playing with your cucu.
If you have worked 17 years overseas with good salary, you should have saved not less than 5m assuming USD 360k per annum.
Use 4m to buy Reits that generate 6% a year, amount to 240k for living expenses.
500k in FD/Saving account for big ticket item when necessary.
500k in HLIB for ecTrade with 0.1% commission, to pass time and get some thrill.
Surely NOT 20k as you have intended.
2017-12-13 22:26
3iii....Thank you.
ks55....Thank you for your advise, much appreciate that., especially on REITS. In fact I have purchased a couple of small flats in the UK and they are generating modest passive income for me.
Starting with RM20k first, to 'warm-up'.
No I don't have RM5mil saving, nice thought though.
I am a low risk, long term investor.
2017-12-14 10:45
3iii
Good health and good luck.
2017-12-13 22:09