Hello, that's USD200k. Equivalent to RM800,000. This is very impressed for a 27yo young man who paid for his own tuition fees, unlike those brats in Malaysia whose parents paid for them.
Recycled article and very generalized la. 401K is optional in US, i think.. EPF..kompulsory here. I believe from what I read, a middle-class working adult could easilly safe if he / she wants to..cost of living is cheap - food, cars, house..if you live in suburbs. Here,I get stuck on avergae 2hrs a day in jam, nasi lemak bungkus cost equivalent of 1l of petrol, have to sell my kidney for a decent apartment, myvii also becoming more n more expensive to maintain..you will be lucky you can still 'invest' in a penny stock after all the taxes right left centre..
As a young investor, I'm lucky to have mentors that monitor my progress throughout my life. They give me some experience, exposure and advice if I ever meet some hurdle, but they never help me to solve the problem or give me one lumsum of money and "help" me to solve my problem.
One of my mentor advice is : Study hard, get a job, learn to invest BUT focus on your job and grow your career. The reason behind is, your capital is so small that the investment part will not dictate the future of your capital. RM 10k, even you get a 30% return for the year, just equal to a meagre RM 3k.
After you earned some capital, then the "early learning of investment" will help you. A RM 100k , 20% return is far more better than a RM 10k , 100% return.
I don't know that you will agree to this statement or not, but I shall heed my mentor advice.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
apolloang
18,163 posts
Posted by apolloang > 2018-01-29 18:54 | Report Abuse
27 already only save 200k,then at 54 u only save 400k lah iz? hahaha