tinkering......

I'm a wee bit disappointed this morning. My ASB opening balance was not the amount that I expected. But, it's ok I guess. I more determined than ever to ensure I can achieve my aim. Actually, for the last couple of days, I've not started properly what I intend to do. Perhaps, my eagerness to start might be detrimental to me in the long run. I've always had this urge when I wanna do something, I wanna do it fast. Perhaps, this time around, I'll take it easy and just enjoy the journey as I go through. I spoke to the missus about my 'sadness' and disappointments, and the feedback that I get was, she said, you always speak about money. Everything is money. Bla bla bla. HEhehe. You know, the normal blabber. I'm kinda getting used to it. Perhaps, I wanted to improve myself so much that sometimes it affects other people. In saying that, I pressumed, if you wanna do something, you just have to do it in one way or another. I have a plan, and I will stick to it no matter what.

The fact that my ASB balance is not that great, some tinkering of the plan must be done. Hahahaha. The plan might consist of selling the bike. That's the biggest available capital that I have with me now. So, it's a trump card that I'll be using to increase my bank balance and at the same time increase my OD balance in order for me to have sufficient funds for my capital. I heard people say, to get involve in the investment of properties, you need time. Well, the fact that I'm gonna be 32 this year, I still don't have enough achievements that I can be proud off. I've been browsing few blogs for the last couple of days, and to be frank, I'm a wee bit jealous and at the same time proud that some of us have lots of investments, together with a healthy bank accounts. And then, I compare them to myself, it's like 'langit dan bumi' as the saying goes. Well, I guess, it's better for me to start now rather than later eh? It's ok. Some are born as a great starter and I think I can consider myself as a later bloomer. If my intention of making my first RM1million before the age of 35, then perhaps, I'm on the right track. The plan is there and what I need to do now is to work the plan.


Con't...



I've just ended my meeting with my unit trust advisers. Well, I've made my first unit trust investment which is less than RM10,000 through my EPF account 1. I'm not very well versed on unit trust actually but I do know that my 'investments' are placed in a PIDF fund. What ever that means eh? Well...it's a 25 over years kind of investment so at the end of the 25th year (which will be my retirement year), I hope to have a fund of about RM1.8-2 Million. That should be ok I think and I hope my agent would help me in keeping tabs on the management of such funds. In saying that, the agents also gave myself and my dad a good presentation of certain ways in investing our company's funds in unit trust. They gave quite a few options on how we can maximize our returns on our investments and of course, the elements of risk that are involved. If I can make the decision now, I would certainly like to invest RM300,000 now and keep it the ittikal funds for the next 3 or 5 years and the return is much more higher than what we are getting from Hong Leong's fixed deposit, which is around 3.2%-3.5%. Perhaps, the table below could help the readers in getting the clearer picture of what I'm talking about. Heheheh

	Ittikal	10%	Balance	FD	@3.5	Balance
Yr1	300,000	30,000	330,000	300,000	10,500	310,500
Yr2	330,000	33,000	363,000	310,500	10,868	321,368
Yr3	363,000	36,300	399,300	321,368	11,248	332,615
Yr4	399,300	39,930	439,230	332,615	11,642	344,257
Yr5	439,230	43,923	483,153	344,257	12,049	356,306
Return			183,153			56,306
% Return			61%			19%
Opportunity Cost			126,847
Opportunity Cost %			42%

The table is confusing you eh? Hahahaha. Well, it's a wee bit to explain but in summary, if we decide to invest in unit trust, for a RM300,000 investment, we should be expecting a return of RM183,153 of profit. On the other hand, if we keep the RM300,000 in FD, the expected return that we should be expecting would be around RM56,000. Hrmmm....interesting isn't it? Unfortunately, as we are not a big company, we do not have that big amount of money to be invested. However, we are keeping our options open on this kind of investment as the profit and the return is quite impressive. Perhaps, we could start with an initial amount of RM10,000 and keep on 'pumping' RM10,000 every month for the next three years. Hrmmm..........................