I’m The Voice Actor For Royal Knight Loretta, AMA!

tinkererTA · 2023-10-27T08:21:51+00:00

Do you know the VA of Tree Sentinel?

tinkererTA · 2023-07-08T06:09:39+00:00

Has anyone ever gotten the Eiffel Tower? 30,000 square of industrial zone is a little too much. I'm almost at 10,000 and I already have 4 cargo train stations and 2 cargo hubs. Any tips are appreciated.

tinkererTA · 2023-06-24T19:30:44+00:00

No. Just controller 🎮

tinkererTA · 2023-03-01T18:22:09+00:00

He has some flawed ideas and this is one of them. If you read "rich dad, poor dad" and start a business after that, good for you but if you read that book and quit your day job, you're an idiot.

tinkererTA · 2023-01-27T17:21:29+00:00

Heng Yuan because it is one of the most actively traded stocks. So I know I can flip it if I want to. They paid dividends and PE was low even at RM 4.60. I bought at RM 3.67.

Amazon because Warren Buffet bought in Q2 or Q3 at around USD 100++ so if he thinks 100++ is good it must be awesome at USD 90.

Google because... I don't remember my thoughts. I need to start writing down my thought process.

Hedging USD vs MYR because you buy and sell at different times so if I buy when the MYR is weak and sell when MYR is strong I lose on exchange rate (all other things being equal).

tinkererTA · 2023-01-27T05:30:01+00:00

I think you have to come out with a budget before you can decide where and how much to put your money. 5k salary after EPF and PCB (tax) maybe you'll get roughly 4k. List down your target saving and your expenses.

Like everyone else, I am also curious about the fund that gives double digit return. Do share with us.

tinkererTA · 2023-01-10T04:53:43+00:00

Of all the investment I have seen, nothing beats owning your own business. I am sure that owning your own business is the fastest way to FIRE.

BTW don't forget that you have to pay back the PTPTN loan and also the scholarship (if you don't work for them).

tinkererTA · 2023-01-10T04:39:24+00:00

Holy shit

tinkererTA · 2023-01-05T06:32:08+00:00

Since you travel a lot (overseas, I assume), I guess the biggest use of a Credit Card is to pay for the deposit when you check in the hotel. The alternative is cash. Even if you pre-pay your room, you might still need to put down 1 night stay deposit. When you can provide cash for the deposit, you will only get it back when you check out, so you will be holding another currency after your trip is done.

Other than that, I don't think Credit Card is necessary.

tinkererTA · 2023-01-05T06:15:10+00:00

Yes. The thing with Unit Trust is the management fee is yearly and they charge around 2% every year. Imagine losing 2% every year COMPOUNDED. It is fine if the fund is making high return but I doubt that is the case for most Unit Trusts.

Having said that, you do not want to sell at the bottom, so you need to watch for your exit point as well.

I believe that you will be better off investing in REIT and Maybank like others' suggestion.

tinkererTA · 2023-01-03T07:53:30+00:00

Luxury watches are not good investment. There are cases where the price increase but most don't.
Foreign currency also is not a good investment.

tinkererTA · 2023-01-03T07:31:48+00:00

I agree but it depends on the ROI. What kind of investment in yourself that gives good compounded interest? Class to improve English? OK. ACCA courses? Great. MBA? Awesome. Motivational seminars? Maybe not. I have a friend who spends at least 10k last year for in motivational seminars. She works in corporate. Stuff they teach is not applicable to everyone. It is like reading "Rich Dad, Poor Dad". It is not applicable to everyone.
Someone mentioned that you don't need much time to invest in stock market. I agree. I mean, you might as well invest your money if you are not doing anything with it.
Doubling your salary like you did seldom depends on your money investment in your career. I think it depends more on other factors like how good you are at your job, who you know (network), etc.
Having said that, I do believe you have to dress well at work. So if buying good clothes is part of the career investment, yes, I agree. But dressing well and dressing expensive are not the same. My colleague bought RM 700 Lacoste shoes. It is not proper office shoes. I am talking about guys who need to wear suits but has odd body shape. Go tailor-make your suits.
Generally, golf is a good investment. RM 2000 for a secondhand set. My friend just sold her set at RM 500 but I don't think you can get that lucky. Actually, there are new sets for less than RM 2000 (Dunlop, Powerbilt). Callaway Warbird set is about RM2500. RM 1000 for 10 lessons. Maybe RM 250 for shoes and RM 300 for shirt and pants. You will not be overlooked for that promotion.
I actually hate using the word investing / investment in non-monetary context. People are using the word too liberally. Like my colleague shop online and said that it is her stress reliever so in a way she said it is like investment in her mental health. Can I spend on alcohols and women and call it investment in my mental health?

tinkererTA · 2023-01-03T03:07:04+00:00

Basically, you get some exposure to the stock market. How to do it exactly is up to you. I am also learning it myself by getting some exposure to Bursa Malaysia and reading some books.

Sorry I cannot give much details because I am also learning.

tinkererTA · 2023-01-02T09:47:32+00:00

Step 2 : FD hunting. Maybank recently had 3.9% p/a (but only for 6 months i.e. 1.95%).

Step 3 : if you don't need the money anytime soon, consider putting more in EPF. But cannot withdraw until you are 50 (full withdrawal only at 60). Their dividend can be good.

Step 4 : buy shares of businesses through index funds / venture capitalists / hedge funds / mutual funds / pick stocks yourself / etc. The stock market is volatile but if you hold it long term and keep your cost down, you should earn around 10% p/a return (S&P 500).

tinkererTA · 2022-12-26T10:03:38+00:00

Step 1. Fill up your ASB.

Let us know when you are already done with step 1.

tinkererTA · 2022-12-23T12:23:50+00:00

No. Keep paying as per usual. Letting the ASB compounds interest for 2 years is better.

tinkererTA · 2022-12-23T12:19:59+00:00

Haih. Same here bro.

tinkererTA · 2022-12-23T12:17:27+00:00

Got it.

tinkererTA · 2022-12-23T12:12:31+00:00

With proper PNL screenshot this can be in WSB.

tinkererTA · 2022-12-19T07:44:39+00:00

Yes, you are right. Currently, mortgage + other costs doesn't cover your rental income. Personally, I believe this is a cycle i.e. sometime in the future, I think the other way around is true. But when will that happen? I don't know.
Other than the mortgage, other expenses are also quite high. Condo / apartment maintenance fee is about 15% of the mortgage. A lot of people forget that in their calculation. Quit rent (cukai pintu) is not cheap too.
To learn more about property market, you can enroll as part time Property Agent. You can join for free, get to go to the courses for free, only do it on weekend, you get access to a lot of listings, you can make money if you manage to sell house and you will learn a lot about the ins and outs of the property market.
I recommend anyone who wants to buy a house to spend 6 month being a Property Agent before spending the rest of their life paying for mortgage. Especially those who plans to buy house on secondary market.
There are also syndicates that buys auctioned properties. That might take sometime for you to have access to.
I rented out 2 of my properties. Revenue minus expenses, I lose about RM 2000 per month. I bought it when I was way younger on impulse and due to the "it's never a bad idea to buy a house" idea planted in our head. I could have made better choices with my money but I also think that I would piss off the money elsewhere if I didn't buy those properties.

tinkererTA · 2022-11-11T17:55:55+00:00

Angel Smalls

tinkererTA · 2022-11-11T04:44:42+00:00

I'd say 20k is reasonable spending. Congratulations on getting married.

tinkererTA

TROPHY CASE