LiewCF Tech Blog - Latest Comments in 7 Places to Keep and Grow Your Money

Re: 7 Places to Keep and Grow Your Money

LcF — Wed, 09 Jan 2008 06:29:14 -0000

@Hasbullah: yes, minimum is 5 gram

Re: 7 Places to Keep and Grow Your Money

Hasbullah bin Pit — Tue, 08 Jan 2008 23:57:05 -0000

If I'm not mistaken 5 gram needed to open Gold saving passbook

Re: 7 Places to Keep and Grow Your Money

ciken — Tue, 08 Jan 2008 14:54:14 -0000

Great tips, thanks..

Re: 7 Places to Keep and Grow Your Money

garau — Mon, 07 Jan 2008 08:29:16 -0000

Stock and unit trust would be the best place...but buying stocks you must have proper research, or maybe you can subscribe to those reputable stock recommending company eg iCapital.biz

Re: 7 Places to Keep and Grow Your Money

Steven — Sun, 06 Jan 2008 19:36:18 -0000

@PP
EPF voluntary contribution no need do any application at all. That day went to EPF PJ asked about the process and was told no need to do application, can simply pay at the counter. So I paid some money for Nov 07 using cash.

For Dec 07 I paid using Maybank2u and both transactions shows on my EPF statement as Self Employed Payment.

Hope this helps.

Re: 7 Places to Keep and Grow Your Money

ChampDog — Sat, 05 Jan 2008 18:25:29 -0000

I love unit trust / mutual funds but remember it is meant for long term usually. I don't aware that the self-employed can contribute in EPF. Good tip and information. When I self-employed one day, I probably know what to do. Thanks for the tip.

Re: 7 Places to Keep and Grow Your Money

pp — Mon, 31 Dec 2007 14:13:18 -0000

How do you do the EPF voluntary contribution? What's the process like? Does it have to go through the company? Can I just make in through Maybank EPF online?

on the gold investment, what makes you invest on it? On the first look, i'm very keen on investing on it, but the thing that holding me back is that, when you want to cash it out at a later years, the buying back rate is around 7-8% lower than the selling price set by bank. And of course, base on the gold price history, this year seems to be almost at the peak.....well, that's what i think. Which bank do you engaged to?

perhaps you can PM me? =)

Happy New Year to u and all!!! hip hip hooraayy!!!

Re: 7 Places to Keep and Grow Your Money

Justin — Fri, 21 Dec 2007 16:07:25 -0000

I disagree on gold. It has a poor track record with many myths surrounding it. I would fund my mutual fund or index fund more rather than investing in gold.

Re: 7 Places to Keep and Grow Your Money

bhaktapurgirl — Fri, 21 Dec 2007 08:23:49 -0000

thanks for sharing it
lots of money wow!

Re: 7 Places to Keep and Grow Your Money

iCalvyn — Fri, 02 Nov 2007 14:02:39 -0000

Buying cheap house, Cheap doesn't mean bad, recently people advice me to buy cheap house, people said sooner and sooner land are getting less, the cheap house will increase price same with the price of normal house now

this is my 2 cent

Re: 7 Places to Keep and Grow Your Money

kitkat — Thu, 01 Nov 2007 04:56:47 -0000

My favourite is Amanah Saham, so far I've been getting 7% plus every year... I know it's not fantastic, but should be better than Fixed D. If I have time to moniter the stock market, I think I can get 30% plus, but can also lose 30% plus.

Re: 7 Places to Keep and Grow Your Money

Tim — Thu, 01 Nov 2007 01:12:36 -0000

@Omar: I agree with you.
It's better that we monitor the market ourself or get someone experience to manage our investment.

Re: 7 Places to Keep and Grow Your Money

LcF — Wed, 31 Oct 2007 21:20:38 -0000

@TechMalaya: it is not about how much money you have, act it now and you will get the fruit.

Re: 7 Places to Keep and Grow Your Money

LcF — Wed, 31 Oct 2007 21:14:55 -0000

@KCLau: the real happiness is the ability to bring happiness to other people :)

Re: 7 Places to Keep and Grow Your Money

KCLau — Wed, 31 Oct 2007 21:04:25 -0000

LiewCF, one of my client said that you only enjoy money when it is spent :)

Re: 7 Places to Keep and Grow Your Money

Omar Yesid Mariño — Wed, 31 Oct 2007 20:25:45 -0000

I would be most cautious with Mutual Funds, because they are managed by people who really are not investors but employees that receive payments by your transactions without caring if you win or lose money. Mutual Funds only make money when the market is going up, but a better thing is be able to make money when the market is going up and when it is going down (you can read about "The options market"). I think the Real Estate assets are a great investment but we must begin by focusing on our financial education first. That is the best way to reduce the risky actions on investments.

Re: 7 Places to Keep and Grow Your Money

michelle — Wed, 31 Oct 2007 16:29:23 -0000

Ladies, should buy this "Rich Woman" by Kim Kiyosaki,who insist on being financially independent. http://www.richwoman.com/

Re: 7 Places to Keep and Grow Your Money

Larry — Wed, 31 Oct 2007 15:43:03 -0000

It's good to diversify but over-diversification can be a bad thing... your returns are diluted and you end up having to manage lots of different things. If you had a portfolio of blue chip shares and do a little research, you should be able to achieve 15% compound over the medium to long term.

Re: 7 Places to Keep and Grow Your Money

Mr Henree — Wed, 31 Oct 2007 15:08:03 -0000

I do believe always invest back certain % to your online business will grow your business as well. Invest as in buying new books, attending new courses, advertising and promotions...

Re: 7 Places to Keep and Grow Your Money

Iskandar — Wed, 31 Oct 2007 14:22:22 -0000

How much do you need to open the Gold Savings Account, Liew?

Re: 7 Places to Keep and Grow Your Money

Jonut — Wed, 31 Oct 2007 11:38:50 -0000

well i guess before we save or invest me must recognise our risk appetite and objectives.

so we know wat kind of investments we should put our hard earn money on and based on our objectives would it be for short, medium or a long term thing =)

i guess the best way for long term investment and hedging against inflation unit trust does the trick pretty well =) moderate in risk managed professionally n u dun have to monitor it =P

Re: 7 Places to Keep and Grow Your Money

TechMalaya — Wed, 31 Oct 2007 10:57:37 -0000

this post will be much useful to me if I can that much like LiewCF. :D

Re: 7 Places to Keep and Grow Your Money

musica0911 — Wed, 31 Oct 2007 07:37:48 -0000

@_@???!!!
what????
so many many parten??
i not so familiar with it........
thx for sharing

Re: 7 Places to Keep and Grow Your Money

colbert — Wed, 31 Oct 2007 06:22:43 -0000

Why not buy some land plots like that in Profitable Plots or UK Land Investment

Re: 7 Places to Keep and Grow Your Money

Rice Blogger — Wed, 31 Oct 2007 02:35:42 -0000

foreign currency trading is mostly luck as fluctuation of money is more unpredictable compare to stocks.....but if you were to try to benefit from foreign banks which offer better interest rate...it may be a good choice...but be reminded that interest rate change and when you change from RM to other currency, you have already lost money...therefore you will have earn them back