Posted by Alex™ > 2018-06-07 21:21 | Report Abuse

okok

Posted by Flintstones > 2018-06-07 21:39 | Report Abuse

Okok.. Kc come i3 to find his customers liao. Summoning stockmanmy to smack some sense into kc's head!

Posted by Sami_Value > 2018-06-07 22:01 | Report Abuse

"Nobody taught us then, not in school or university for sure, and offered by anybody."

Ex-UM , ada la. Check out the Personal Finance Elective Subject offered by Economy Faculty -2 or 3 credit hours. Just across the road from Engineering Faculty only.

Wa lang initially intend mau pigi cuci mata dekat Economy Faculty with a pack of malat lou wolves. Econ Fact manyak banyak leng lui one, Engin fact too many malat lou ( don't enroll engineering, really boh leng lui one) .

Pigi cuci mata, mana tau end up opened eyes. The lecturers at Econ fact really the ganas one, don't play-play.

1st class session, the lecturer gave tips to read financial report of SP Setia - that time SP Setia just did cash call to purchase the sizeable land from See Hoy Chan. Can see cannot do any action during that time. Can only wahhhh!!!! Wahhhh!!! from less than RM 1 Sp Setia, see it grow crossing RM 1, crossing RM 2. everyday wahh!!!!, Wahhhh!!!

2nd class session - property investment session. Lecturer said if got money, can go hire people to queue at Mutiara Damansara to buy the Mutiara Damansara development launching soon - free hold strategic location ( PJ address). We all wahhh!!!, Wahhhh!!!.....wahhh! again. Joking with buddy ma lat lou, blame your parent, how come they never made love 4-5 years earlier so that you can be born earlier, now opportunity gone lor. during launching, came out in paper on the crazy queue with people camping outside the sales office few days earlier. We all can watch only.

3rd session - the same badass lecturer from 1st day taught how to optimize the personal income taxes legally. We all wahh!!! wahh!! again.

every sessions, full of excitement.....from original intend pigi cuci mata, end up learning so many things.

Conclusion I wanna say, university time got people offering this course la. Only u mau pigi or not. Luckily I got these group of malat lou friends who dragged me along with them. Cuci mata not a bad idea, can end up learning other stuffs.

During that time also, we concluded - Econ fact lecturers were real badasses, they drove BMW 7 series . Engin fact one kurang power a bit, coz the lecturer for econ subject was driving Proton Wira.

Posted by davidkkw79 > 2018-06-07 22:07 | Report Abuse

Luckily this young lady didn't ask for advice from Calvintan, otherwise will lead her to a single one way ticket to Holland!

Posted by Sami_Value > 2018-06-07 22:16 | Report Abuse

At 25 y.o with net cash on hand 35k by her own saving, she is ahead from most of her peer ( disregard those with help from family).

Very impressive actually.

Posted by paperplane > 2018-06-07 22:22 | Report Abuse

Wtf...hkd 10k....

Posted by paperplane > 2018-06-07 22:23 | Report Abuse

Best advise is go back hk,earn 1mil hkd only come back.

Posted by paperplane > 2018-06-07 22:25 | Report Abuse

And stay in 200sqf house there 10years. That might help. End up losing one health. So what's the point right worry so much on mOney. End of day it is just about happiness and how happy one live own life before going grace

Posted by paperplane > 2018-06-07 22:25 | Report Abuse

Grave*

Posted by Alex™ > 2018-06-07 22:41 | Report Abuse

ur calc correct or not?

she got debt. take the debt out, i guess net work less than 10k


Sami_Value At 25 y.o with net cash on hand 35k by her own saving, she is ahead from most of her peer ( disregard those with help from family).

Very impressive actually.

Posted by Sami_Value > 2018-06-07 22:53 | Report Abuse

okla, correct it to 35k cash on hand ( drop the "net" for the error).

Impressive or not at 25 y.o with 35k cash saving on her own? still impressive to me

Posted by paperplane > 2018-06-07 22:57 | Report Abuse

What so impressive?? Those rich boy and girls got 10k as pocket money every month.

Posted by paperplane > 2018-06-07 22:58 | Report Abuse

Moral of story, get born in rich family like Jlo

Posted by hollandking > 2018-06-07 23:08 | Report Abuse

actually i want to tell you guys something, while i agree money is important BUT plz dont make it too important. Whatever money that you gain,you won't be able to take it with you and plz, is not the end when you die, the consciousness doesnt die bcoz the world is not as real as you think. I tell you something, there was a rich man, he scheme against his siblings to get his father's properties and continue building up his properties BUT he was a stingy person, he keep accumulating more and more and is very thrifty. In the end, he passed away, without using the money and can't take it away. Whatever he accumulated he left it to his children. From what I can see, he left 2 bad things to himself and his children. For him, his hard work means no gain to him and he left with a bad conscience. As for his children and his future descendant, the money will give them enough to spend for generations which will make them becoming spoil brats in the future.
As for those who think a lot about beauty, especially if you are the elderly ppl and I'm sure there are many here bcoz normally the rich ppl in this forum who are able to invest in big time are quite old and plz, take a photo of when you were young and look at yourself now. Sometimes money corrupt our mind like the case above. Remember whatever that you have will pass, you won't be able to keep them. Sex is same thing, some enjoy sex , talk about sex, but sex is just something your mind crave, when you are old, you won't talk about it anymore, everything is actually in your mind. No matter how rich you are, there will be a day you will get old, sick and die. You CAN'T ESCAPE

Posted by Alex™ > 2018-06-07 23:19 | Report Abuse

Aiyo... 25 year old learn ppl take car loan 7 years?

Posted by Alex™ > 2018-06-07 23:19 | Report Abuse

Okok.... Never borrow to buy depreciating asset.

Posted by tecpower > 2018-06-07 23:49 | Report Abuse

銷售強勁美元走高　半導體領域前景唱好 | http://www.klsescreener.com/v2/news/view/389687

Buy chip stocks.

Posted by tecpower > 2018-06-07 23:54 | Report Abuse

https://www.bloomberg.com/news/articles/2018-06-07/ross-says-u-s-has-deal-to-allow-zte-to-get-back-in-business

Posted by 3iii > 2018-06-08 02:21 | Report Abuse

Save, save, save and save.

Cut down on your expenses.

Every sen not spent grows your savings.



Learn, learn, learn and learn.

Invest in your own financial education.

Know the right books to read.

Get guidance from a knowledgeable friend or mentor.



Invest, invest, invest and invest.

This assumes you have the right philosophy and strategy.

If you are investing in funds, still need to know how to use the funds and the managers correctly.

Posted by kcchongnz > 2018-06-08 04:11 | Report Abuse

Posted by Flintstones > Jun 7, 2018 09:39 PM | Report Abuse
Okok.. Kc come i3 to find his customers liao. Summoning stockmanmy to smack some sense into kc's head!

This personal finance in i3investor is free. In fact I have given free advice in i3investor since 6 years ago. I find that if one sows goodwill (and enjoy it), good things will come to him.

It is an altruistic thing to do. If you are able to do what I do, please do.

Posted by Flintstones > 2018-06-08 08:23 | Report Abuse

Kc, i respect you as an academician. Since i3 is free, everybody could publish his own views too. I may agree you are one of the few bloggers who have the right intention to not lead readers to holland. However, i do not find all of your methods right. Same goes to stockmanmy. I disagreed with some of his viewpoints too. The i3 platform is in need of a balanced discussion. Unless you do not welcome discussion, i suggest you to disable the comment section which i think is not the right move

Posted by Ayoyo > 2018-06-08 08:26 | Report Abuse

A mentor once told me this...


the road to financial freedom consists of 3 paths.

First, you have to be VALUABLE to your stakeholders in order to generate INCOME for you and to then INVEST that surplus to grow your net worth.

So, if you are already INVESTING your monthly leftovers, you are on the right path to financial freedom. If you have surplus and keeping it in savings, you need to make your money work harder for you. Spend it on assets.

But If you have no leftovers or always in negative cash flow, work on how you can increase your VALUE instead.

We are exchanging our time for money and the fact that your colleagues earn more than you simply means their time is more VALUABLE than yours. What are they doing right that you aren't? Increase your self worth, learn new things, take ownership, develop your strengths, have a positive mental fortitude and your value increases. That's your first step to financial freedom



On how to increase your value, here's an immutable tip from the incomparable Li Ka Shing on how to buy a car and house within 5 years... His common sense approach beats any academicians and theorists on the subject of achieving financial independence

https://e27.co/li-ka-shing-teaches-buy-car-house-5-years-20150408/

Posted by Sslee > 2018-06-08 08:51 | Report Abuse

Dear Sami-Value,
I am Ex-UM 1986 Chemical Engineering graduate 1986. During my time I do not think Economy Faculty just across the road offer Elective subject; Personal Finance for engineering student.

Dear all,
I started my career as Production Executive drawing a salary of RM1000 with accommodation provided. It took me 5 years and a career jump to earn RM3K+. It took me another 5 years and another career jump to earn RM7+. Then another 5 year and another career jump to earn USD 5K and another 11 years to breakthrough USD10K.
I bought my first house after working for 11 years (RM 125k double storey terrace house) and another 12 years to upgrade my house to Semi-d in Eco park (RM 1M+).
I start my share investment by buying REIT which gives me better return than FD only last few years that I started to invest in other share, attending AGM, learning how to invest and looking in i3investor for wealth of investment information.
Currently I am holding 1/3 of my cash in share, 1/3 in FD and another 1/3 with my children and wife (They are able to get FD 4+% by shifting the FD between different Banks). My two son already graduated and now are working and my daughter finished her PreU and waiting for university intake.
I feel the blessing that my life turn out fine even though I come from a poor family.
My advice; Luck is preparation meets opportunity.
Lastly a Chinese writing from Khatulistiwa1234
惜福福常在
惜緣緣自來
做人要有良心
行事要知感恩
給一分還十分
拿誠懇換情深
感恩惜福是做人的根本

Thank you

Posted by Alex™ > 2018-06-08 08:54 | Report Abuse

when the student is ready, the teacher will appear. ayoyo itu 5 year link bagui tq. kc sifu tq also

Posted by kcchongnz > 2018-06-08 11:22 | Report Abuse

Posted by Flintstones > Jun 8, 2018 08:23 AM | Report Abuse

Kc, i respect you as an academician. Since i3 is free, everybody could publish his own views too. I may agree you are one of the few bloggers who have the right intention to not lead readers to holland. However, i do not find all of your methods right. Same goes to stockmanmy. I disagreed with some of his viewpoints too. The i3 platform is in need of a balanced discussion. Unless you do not welcome discussion, i suggest you to disable the comment section which i think is not the right move


You don't need to respect me as an academician. I am not although I have gone through academic study in finance and investment at the highest level. I simply do not practice investing the academic way. I am looking over the shoulders of giants in investing. You can read here how my investing principle and methodologies are used,

https://klse.i3investor.com/blogs/kcchongnz/159517.jsp

It is from the investing philosophy and methodologies of some of the real super investors in the world.

You may ridicule me about my methods, such as using historical data, extrapolating from the past etc. or whatever, yes, you are entitled to your opinion, that s why I always open my thread for comments and criticisms. That is how I learn more too. However, I have now 320 articles in i3investor, I bet you can't find a single one which I "extrapolate" the past into the future, or whatever you have been ridiculing me for all this while. Show me if you find one.

The other thing is, despite your ridicule about my method, which is a proven successful method, my performance, even now, is better than the overall, certainly better than those portfolios in i3investor.

You don't have to believe in me.

And as far as your ridiculing me about my "cari makan" in i3investor, you may have a point. But let me tell you I don't earn much from there, and frankly, I don't need to.

Why I am doing the online investment course is it is my passion to educate the youngsters to be able to build long-term wealth, slowly, safely but surely.

Again you are entitled to your opinion. No hard feeling.

Posted by qqq3 > 2018-06-08 11:45 | Report Abuse

Flintstones Okok.. Kc come i3 to find his customers liao. Summoning stockmanmy to smack some sense into kc's head!
=================================


https://klse.i3investor.com/servlets/forum/600159517.jsp

Posted by qqq3 > 2018-06-08 11:51 | Report Abuse

I think young lady should focus on the Art of Happiness rather than the Art of stock market.

Posted by qqq3 > 2018-06-08 11:53 | Report Abuse

Young lady should get to learn the Art of Living and forget the Certified Financial planning types.

Posted by qqq3 > 2018-06-08 12:15 | Report Abuse

Sami_Value > Jun 7, 2018 10:01 PM | Report Abuse

"Nobody taught us then, not in school or university for sure, and offered by anybody."
=========================================

Truth be told.....All who are familiar with traditional Chinese values, Confucian teachings , have all the financial lessons one needs to do well in financial life.

Posted by kcchongnz > 2018-06-08 12:48 | Report Abuse

Posted by Flintstones > Jun 7, 2018 09:39 PM | Report Abuse
Okok.. Kc come i3 to find his customers liao. Summoning stockmanmy to smack some sense into kc's head!


Good good good. Ask him to bring his horse over. I love that.

However, I am surprised that after reading all his posts, you think he has the ability to do so in a rational manner?

He claimed to be a dynamite investor who can utilize the panic moment and sailang to become a billionaire. But look at what he posted, does he rally know anything about personal finance, corporate finance or investing?

Posted by qqq3 > 2018-06-08 13:10 | Report Abuse

y kcchongnz > Jun 8, 2018 12:48 PM | Report Abuse

He claimed to be a dynamite investor who can utilize the panic moment and sailang to become a billionaire. But look at what he posted, does he rally know anything about personal finance, corporate finance or investing?
==========

look around you....see where and who are the successful investors.....not what they say or what they write..... both of which are activities designed to give them respectability.....But, rather look where you can find successful investors......and what they do....


Its the characters that make a man, not maths.
Its characters and habits that make a man , not maths

Its business sense that makes a man, not maths.

Decisive actions and pivotal moments is a gift and also a habit. Its the characters that make a man. Successful people makes full use of them.

Frequent traders vs focused strategy..........no choice, I have to surrender. Frequent traders , those ins and outs traders cannot make a big difference. Eventually, to make stock market a real difference, one has to focus, stay focused, sailang when appropriate, no other way.

Posted by Ayoyo > 2018-06-08 13:53 | Report Abuse

I think it's every speculator's dream to be able to score Warren, Dr neoh, kyy or otb type of home runs and multi baggers but the question is, does one possess their temperaments, acumen and instincts?

These virtues are called The Edge (not the newspaper)

When you do find yours, you'd not be jealous of kyy or otb because your edge would have allowed you to make money CONSISTENTLY and that ultimately, is the key to success..

There is no need to ridicule one another.. Respect and appreciate their generosity in teaching and guiding.. Learn as much as you can, discard what's not aligned with your objectives and absorb what is... Soon, you will find your edge and trade without hatred and fear

Posted by qqq3 > 2018-06-08 15:15 | Report Abuse

Ayoyo
There is no need to ridicule one another.. Respect and appreciate their generosity in teaching and guiding.. Learn as much as you can, discard what's not aligned with your objectives and absorb what is... Soon, you will find your edge and trade without hatred and fear
=======================================

Hatred is not always a negative emotions. There is a fine line between being polite, don't rock the rock be happy and hatred......If Mahathir had not felt hatred with Najib and how UMNO got rotten under Najib, he would not have come back from retirement to lead Malaysia.

Posted by Ayoyo > 2018-06-08 15:36 | Report Abuse

Mahathir never had hatred for Najib... He had undying love for Malaysia instead.. See the difference?

Thus, if one could look beyond the person and have an appreciation for his unselfish sharing, guidance and contrasting comments, maybe one could see beyond the hatred

Posted by qqq3 > 2018-06-08 16:00 | Report Abuse

ayoyo.....anyone with love for Malaysia will hate Najib and his 1 mdb....and show it. Do some thing about it if he can.......

Posted by qqq3 > 2018-06-08 16:02 | Report Abuse

hatred is the solution....no hatred no solution.

Posted by qqq3 > 2018-06-08 16:04 | Report Abuse

after all love and hate is the same thing, on opposite ends of the same thing.

Posted by Blue Laser > 2018-06-08 16:18 | Report Abuse

I can only give this piece of advice, having made and lost much money in the stock market through the years. The most important thing in life is your health, not wealth, which is important but not critical to living a happy life. Without health, you will not enjoy your life, no matter your station in life. Live a balanced life; not one consumed by the mere pursuit of wealth.

Posted by Chong Hon > 2018-06-08 16:51 | Report Abuse

Hi young lady,

i suggest you all HKD exchange to RM and all in the MFCB. After 3 year you will surprise what you earn

Thanks

Posted by Henly > 2018-06-08 17:00 | Report Abuse

@Young Lady,

Very good of you to get a piece of advice from the very experience guru. However I am totally disagree to advise you to go into equity market with your hard earn money. The risk is simply not for you to bear.

Why I say this?

90% of retail investors in the market is loosing money. Why ? and do you think you have the chance to profit from it? you probably start with elementary, intermediate and advance. When come to investment, no one is telling you are elementary, intermediate or advance. You learn through and make mistake, hopefully not expensive one.

Not even invest in the bank trust fund with very high commission (3%) from any Malaysian banks. My father invest in trust fund 20 years ago when he past away 5 years ago. We found out only tiny some of money left. Can you imaging 200K invested 20 years ago and today you get the same amount 200K. How painful it is ?

For information, my father was a hard working very good businessman but stingy and calculative person yet when come to investment = zero, during the old days the general knowledge was very primitive and most of the banks was cheating on the cash rich primitive businesses. My father probably thought the bank will never cheat him. Yes, the bank never cheat him, only to return the same amount after 20 years invested and he don't even know about it!!!

I was lucky to invested in HSBC in 1986 through an old badminton kaki (Telekom Engineer) when I first graduated with a borrowing 4K from my dad. With dividend and today worth more than 30X after 30 years.

So if you are looking for a long haul investment, HSBC is a good example. They had gone through 1986, 1998 and 2009 recession and survive.

If you are looking for a >30% annual return like most of guru priest, you would probably end up with irreversible damage to your hard earn money.

Posted by qqq3 > 2018-06-08 17:01 | Report Abuse

blue laser...good
chong...not bad

Posted by tecpower > 2018-06-09 09:36 | Report Abuse

Buy semiconductor stocks. Demand for smart phones may not be outstanding,but it will get offset easily by demand for IoT, machine learning,artificial intelligence, data centers and electrification of cars.

Posted by Sami_Value > 2018-06-09 09:45 | Report Abuse

"Sslee Dear Sami-Value,
I am Ex-UM 1986 Chemical Engineering graduate 1986. During my time I do not think Economy Faculty just across the road offer Elective subject; Personal Finance for engineering student."

Your time, I can't answer. My time, the course was opened to all faculties students - it was known as out of faculty subject ( there were a lot of subjects the student can choose ).

If there is any younger generation studying at UM, ask them to take up this paper. I find it meaningful & fun.

There were multiple lecturers giving talk & lecture on different fields - real estate, tax, unit trust, share market, bond,etc

They will invite special speaker from industry to come for talk also. During on of the real estate session when the lecturer pointed on the importance of location, they invited Ho Chin Soon. We were like, who the hell is Ho Chin Soon ? We were given the property mapping of Klang Valley for free. After joining the workforce, then only I realized , the tip top developers are engaging Ho Chin Soon on the mapping study for the marketing purposes.

On the real estate sessions, what I could recalled was, we were given the assignment to engage in the a real situation to buy a property. The lecturer brought us to property fair at Mid Valley ( this paper was only available when there was upcoming property fair in the calendar ) , we were asked dressed formally, go around the counters, survey our dream house, ask for the details ( leasehold, freehold, title transfer, legal fees, loan etc), get minimum 3 informal / formal offer from banks. This part was the toughest part because we were yet working and was asked to act /pretend like one - most of us couldn't get this one. The lecturer (female) knew we couldn't get one but still push us to call & send in email for inquiry or else she will failed us.

2 weeks from the visit, we were required to submit our report why we choose the property to buy & the financing instrument we were taking up to make the purchase possible.

In the end, the final day of the subject. The lecturer passed all of us even though non of us obtaining any informal/formal offer from financial institution ( coz banks need booking receipt, 3 months salary slips, EPF statement, IC).

The most inspiring lesson / explanation given was, she know we won't get it but still threaten to fail us if we didn't try because the intend was to get us to engage in the real process of buying the property. The process is the lesson that she want us to experience hands on.

Posted by tecpower > 2018-06-09 09:49 | Report Abuse

You often hear bad news about smart phones, but it's part of the use of semiconductor. In a big picture, global semiconductor sales increased 20 percent year-to-year in April.

Posted by tecpower > 2018-06-09 10:27 | Report Abuse

HKD is pegged to USD. That means the currency will be stable. I don't expect HKD will weaken significantly in the future. What about ringgit? Ringgit is less stable...

It's not difficult to think on your own. You don't need any advisors for this.

Posted by qqq3 > 2018-06-09 10:39 | Report Abuse

by tecpower > Jun 9, 2018 09:36 AM | Report Abuse

Buy semiconductor stocks. Demand for smart phones may not be outstanding,but it will get offset easily by demand for IoT, machine learning,artificial intelligence, data centers and electrification of cars.
=========================

why idiots flag you? This is era baru Malaysia....and you should not be flagged.

and it even makes sense.

Posted by kcchongnz > 2018-06-09 12:13 | Report Abuse

Henly, good comments. Just to chip in some comments in capital letters.



Posted by Henly > Jun 8, 2018 05:00 PM | Report Abuse

@Young Lady,

Very good of you to get a piece of advice from the very experience guru. However I am totally disagree to advise you to go into equity market with your hard earn money. The risk is simply not for you to bear.

ME: YOU MAY HAVE A POINT. HOWEVER, BOTH OF US DO NOT KNOW HER PERSONAL RISK PROFILE.

IN GENERAL, AT THE AGE OF 25, THERE IS PLENTY OF TIME TO ENDURE THE UP AND DOWN OF THE MARKET. HISTORICALLY RETURN FROM EQUITY MARKET I MUCH HIGHER THAN BANK DEPOSIT. AS I HAVE SHOWN, THE END RESULTS WOULD LIKELY TO BE A HUGE DIFFERENCE WITH EQUITY INVESTMENT ACCUMULATES MANY TIMES MORE THAN BANK DEPOSIT.

Why I say this?

90% of retail investors in the market is loosing money.

ME: i AGREE WITH THIS.

Not even invest in the bank trust fund with very high commission (3%) from any Malaysian banks. My father invest in trust fund 20 years ago when he past away 5 years ago. We found out only tiny some of money left. Can you imaging 200K invested 20 years ago and today you get the same amount 200K. How painful it is ?

ME: THE EXPERIENCE INVESTING IN UNIT TRUST BY YOUR FATHER WAS NOT AN EXCEPTION. I FACED THE SAME EXPERIENCE TOO.
THE PROBLEM WITH SOME UNIT TRUSTS ARE THE FUND MANAGERS HAVE THEIR OWN INTEREST TO TAKE CARE OF ABOVE THE INVESTORS'. THERE ARE ALSO HUGE FEES INVOLVES, UPFRONT, ANNUAL MANAGEMENT EXPENSES, COSTS OF PLAY ETC.

I was lucky to invested in HSBC in 1986 through an old badminton kaki (Telekom Engineer) when I first graduated with a borrowing 4K from my dad. With dividend and today worth more than 30X after 30 years.

ME: SEE WITH SOME GOOD INVESTMENT STRATEGY, YOU MADE GOOD MONEY ON YOUR OWN. SO INVESTMENT IN EQUITY MARKET, IF YOU KNOW AND HAVE THE EXPERIENCE TO DO IT, GOOD OR NOT?

So if you are looking for a long haul investment, HSBC is a good example. They had gone through 1986, 1998 and 2009 recession and survive.

ME: YES, LONG-TERM INVESTING IS LIKELY TO YIELD SATISFACTORY RESULTS. YOU HAVE SHOWN IT. SO WHY DISCOURAGE THE YOUNG LADY?

I WAS TALKING ABOUT A LOW COST ETF INVESTING IN A BROAD MARKET INDEX OR ETF. BUT IF SHE HAS ACQUIRED THE NECESSARY SKILL AND EXPERIENCE, SHE CAN INVEST ON HER OWN TO GET BETTER RETURN. OF COURSE IT IS NOT EASY.

If you are looking for a >30% annual return like most of guru priest, you would probably end up with irreversible damage to your hard earn money.

ME: THIS I AGREE. ONLY SUPER INVESTORS HAD DONE THAT. THERE ARE NOT MANY OF THEM AROUND.

NUT WE NEVER TALK ABOUT 30% CAGR, BUT MAYBE 10% OR SLIGHTLY MORE. EVEN 7 OR 8% WILL ALSO BE VERY GOOD.

Posted by Sami_Value > 2018-06-09 14:28 | Report Abuse

Looking at the options that the young lady have :-

1) Go for real estate :

Monthly Salary : RM 3,600.00
Socso Deduction: RM 17.75
https://www.perkeso.gov.my/index.php/en/quick-links/rate-of-contributions
EPF Contribution 11% : RM 396.00
http://www.kwsp.gov.my/portal/documents/10180/154493/Jadual_Ketiga_BM_20122017.pdf
PCB Deduction : RM 14.65
http://lampiran1.hasil.gov.my/pdf/pdfam/Jadual_PCB_2018.pdf

Car loan repayment (assume 4% rate) = RM 609.52

Monthly net cash received after less the fix deduction = RM 2,562.08

With cash on hand 35k, she can have option to buy her 1st house (ready house, don't go for under construction) price at RM 350k, borrowing of RM 315K (90% margin of financing) & monthly repayment around RM 1520 to 1610 / month.

The net balance of cash for her to survive will be left around RM 952.08 / monthly. If this amount is not sufficient for survival, drop this option. Do keep in mind, the ready unit might generate passive rental income around 1k to 1.5k monthly ( need to less maintenance fee) if successfully lease out at the strategic location, it will increase the monthly stream of income. Adjust to go for lower range type first to suite own financial pace.

2) Go for stock investment with the capital on hand of RM 35k. Pay tuition fees to market first. I doubt the newbie will appreciate the meaning of fundamental value investing until they experience their losses in stock market. Normally for newbie, go for quality stocks with high ROE & dividend counter like the one preached by 3iii.

3) Go for unit trusts. At her age, normally a lot of insurance agents from her peer will approach her to buy insurance / unit trust. I think the best is to buy direct from fundsupermart. https://www.fundsupermart.com.my/main/home/index.svdo. At least she can monitor the fund performance on her own instead of relying to agent sweet talk on return more bank FD , which most of the time , the fund cannot perform as per their target.

4) Go for P2P lending. This one, you earns interest like loan shark by lending your money to the borrower at quite attractive rate. https://fundingsocieties.com.my/

5) Continue to put money in FD. ( bad option in my opinion)

6) Since the Heaven have fixed our destiny to be born in our currently family background which might not of the Bill Gates or Jack Ma's level, I won't suggest something impossible idea like wishing to be borned into rich family.

Instead, find herself a rich husband & become siu lai lai - habis cerita. Do be reminded on the risk that siu yeh chai got a lot of mistress one. VT got 4 wives.

If, I were at her position, I'll go for option 1 : real estate with the condition that the location is strategic.

Posted by Alex™ > 2018-06-09 14:37 | Report Abuse

sami value, don't ask her go deeper in debt please. Somemore property market is still softening now.

Ask her pay down her debt to zero first. especially that 7-year car loan debt. Interest alone will kill her, not just the depreciation.

Posted by Alex™ > 2018-06-09 14:39 | Report Abuse

this kind of advice must have assumption, one of it being that she can ensure that she is gainfully employed for the next x years. The thing about shouldering more debt is the assumption that she will have these income (and probably incrementally more in future) coming in.

Already got car debt, now want learn people sailang house?

But i like ur point 2 and 3. Yes, let her get burn in stock market, the sooner the better. In the mean time, just throw cash DCA method into the growth fund, even best if it's a global low-cost index fund.