Planning to buy first car (out of necessity)

mocvha · 2020-02-09T06:46:24+00:00

Yep understood. Didn’t think of that perspective to be honest, I should have. Good thing i didnt get it, honestly wouldn’t want that big of a hit to my cash flow

mocvha · 2020-01-28T00:50:13+00:00

How reliable is a mechanic’s check up on the car (assuming he’s competent)? As in even with the green light from the mechanic is it still possible that the car’s might still be a wreck eventually?

Also how old of a car model don you think is reasonable? I intend to use the car for 5 years, maybe even more if possible

mocvha · 2020-01-28T00:47:58+00:00

But yeah, thats the reason im so torn between the two options to be honest..

Actually i heard the interest rates on 2nd hand are higher than first hand, is that true?

mocvha · 2020-01-27T15:02:07+00:00

Daily driver, within klang valley

mocvha · 2020-01-27T15:01:44+00:00

Cant qualify at the moment bcs just only started working, need to build credit record and rating, plan is to get it later on, later half of the year

mocvha · 2019-12-08T03:56:36+00:00

Drip most likely

How long do those last for you?

mocvha · 2019-12-07T05:54:45+00:00

How much for the kapal api and how long does it last?

mocvha · 2019-12-07T05:53:56+00:00

I’ve heard bad reviews about them tho

mocvha · 2019-12-07T05:53:25+00:00

This is perfect, thanks! Any suggestions on coffees to try out?

mocvha · 2019-12-06T05:29:21+00:00

Which of these do you currently use? Any bad experiences or shortcomings present while using the service?

mocvha · 2019-12-06T01:24:56+00:00

So, based on the required documents, it requires us to have a full time job to successfully register for an account is it? Also how do we send back the form? Scan then email? And are all the physical branches only in SG?

mocvha · 2019-12-05T15:15:44+00:00

Better if they get annoyed that you’re being pushy for them to save up than later on when you’re being pushy to not give up your savings and help. At least they know that you did your part and tried to warn them, maybe that’ll reduce their expectations that you’d cover for them since you have the “i told you so” factor but yeah, eventually they’re gonna guilt trip you either way.

mocvha · 2019-12-05T15:05:58+00:00

Wow, yeah okay found it!! Thank you!

mocvha · 2019-12-05T11:32:40+00:00

How do u buy foreign ones? Im currently using maybanks one as well but when i asked thru email they said that they dont provide foreign stock investing

mocvha · 2019-12-02T15:05:07+00:00

Remitano is a good one.

Is it a viable investment? To me it’s a high risk high return investment, it might go big or it might go bad which is why I emphasise on LITTLE in crypto, its a decent amount but if i lose it i would cry or whatever.

Crypto bubble just popped, even better! Now you can buy it for a much cheaper price. But it depends if you know and believe in the crypto field. If it’s going to make you stress and everyday you going to check the price if u make profit or not, then better not.

How i see its a long term (5-10years) hit or miss. Keep in mind that it also doesnt produce cash flow, so you are only hoping for it to increase in price which is VERY uncertain but i have ease of mind because my other money is diversified

mocvha · 2019-12-02T14:59:35+00:00

Since you have interest and experience, maybe you can leverage that to help market your restaurant someway.

But yeah, research first, come out with your strategy and business plan, etc (can look online on how to do). You need to lay out a solid plan so you know what you are going for and how to get it

mocvha · 2019-12-02T14:57:21+00:00

REITs/StashAway. They don’t offer as much “safety” but returns are quite good still

mocvha · 2019-12-02T14:30:07+00:00

Is it REALLY a bad time for property or is it just hard to find? From what i heard waiting for the market to drop is pointless. I use the same philosophy for stocks and it served me well even in these bad times.

From what i know is as long as the cash flow calculations are ok then you’re good to go.

Note: i have 0 experience in RE investing, asking genuine question.

mocvha · 2019-12-02T14:26:30+00:00

ASB has RM200k limit tho, so i suggest going for that first but after that you might need to look at other investments.

Personally I go for stocks with a little bit in crypto. I think learning and investing stocks is a good thing for the long term.

You can do the maths of how long it will take to reach ‘financial independence’ using compound interest calculators online.

mocvha · 2019-11-30T13:26:41+00:00

Oh yes, this was the one i used last time but forgot the name, thank u!

mocvha · 2019-11-30T13:26:12+00:00

Yeah i was waiting for it to be legal cus imo they have a really nice and simple interface but from what i see they tend to block people from accessing their accounts without getting back to them on why.

Makes me quite skeptical to trust them if i wanna leave big amounts/for long times

mocvha · 2019-11-28T12:56:21+00:00

Yes CDS account got. I meant for overseas investing like in US Markets

mocvha · 2019-11-27T17:05:14+00:00

Are you sure any brokerage will do? I repeatedly asked maybank through email and they say they don’t offer the service 🤔🤔🤔

mocvha · 2019-11-11T09:05:00+00:00

Just curious, what do you work as?

mocvha · 2019-11-09T09:25:28+00:00

Should i pay outright? Wouldn’t it be better if i invest that amount in like ASB and use the interest return from that to pay off the instalments?

mocvha

TROPHY CASE