Posted by willnck > 2015-05-27 20:39 | Report Abuse

Wise words,KC.

Posted by Ntpboon > 2015-05-27 22:10 | Report Abuse

谢谢分享！
我见议新的bursa投资者应该把KC Chong 127 篇的Blog 读完。
它不但能使投资者的投资技能有所提高，还能使投资者具有正確的投资心态。
古人说：“书中自有黄金屋”
说不定投资者也有可能从Blog中找到你的“黄金屋”。

Posted by Fat Cat Tim Buddy > 2015-05-27 22:13 | Report Abuse

我爱你~你好靓仔喔~lol

Posted by GoodCompanies > 2015-05-28 10:42 | Report Abuse

Ya...buy good companies :)

Posted by contemplator > 2015-05-28 11:07 | Report Abuse

Good sharing. Thanks Mr KC

Posted by speakup > 2015-05-28 11:34 | Report Abuse

nowadays youngsters buy car taking 9 year loan, buy house taking 30 year loan. they look short term, not long term.

Posted by speakup > 2015-05-28 11:35 | Report Abuse

to youngsters, image now is everything. they dont look far ahead for their future

Posted by kcchongnz > 2015-05-28 12:26 | Report Abuse

Posted by GoodCompanies > May 28, 2015 10:42 AM | Report Abuse
Ya...buy good companies :)

Yes buy shares of good companies. But that is only the first level of thinking.

The success of investment outcome doesn't come from buying good things, but buying things cheap.

So you must know what does it mean by cheap.

Posted by kcchongnz > 2015-05-28 13:29 | Report Abuse

Perhaps these youngsters also need to learn from personal financial planning from me.

The age of low hanging fruits in Malaysia may be over.

“Your future is always more valuable than today, the sooner you realise that the better”
― Steve Douglas, The Aussie Expat: The Luckiest Person on Earth


Posted by speakup > May 28, 2015 11:34 AM | Report Abuse

nowadays youngsters buy car taking 9 year loan, buy house taking 30 year loan. they look short term, not long term.

Posted by speakup > May 28, 2015 11:35 AM | Report Abuse

to youngsters, image now is everything. they dont look far ahead for their future

Posted by allhafiez87 > 2015-05-28 13:29 | Report Abuse

speakup, if youngster have choice , they will not take 30 years loan. I'm youngster too :)
Inflation rate higher than increment

Posted by leno > 2015-05-28 13:32 | Report Abuse

youngster and newbies plus oldbies must always listen to super-investor leno the most panlai tips ... like buying PRKCorp, MNRB, PMCOrp and EFORCe today.

Posted by kcchongnz > 2015-05-28 15:24 | Report Abuse

Posted by leno > May 28, 2015 01:32 PM | Report Abuse
youngster and newbies plus oldbies must always listen to super-investor leno the most panlai tips ... like buying PRKCorp, MNRB, PMCOrp and EFORCe today.


Youngsters, what did you read in the article?

"Don’t get greedy. There is no free lunch in this world."

"Put down your phone when the other side keeps on telling you to buy this stock, or whatever investment which would double in a year. It won’t happen."

Posted by leno > 2015-05-28 16:13 | Report Abuse

when the other side of the phone is leno the most panlai .. must quickly put down your phone and go buy the stock leno recommend ... if .. u wan to become rich lar ... but if u dun wan ... then dont put down the phone lor.

Posted by kcchongnz > 2015-05-28 16:28 | Report Abuse

Posted by Ntpboon > May 27, 2015 10:10 PM | Report Abuse
谢谢分享！
我见议新的bursa投资者应该把KC Chong 127 篇的Blog 读完。
它不但能使投资者的投资技能有所提高，还能使投资者具有正確的投资心态。
古人说：“书中自有黄金屋”
说不定投资者也有可能从Blog中找到你的“黄金屋”。

Boon, thanks for your kind words. I always like your Chinese poems in Tang Sze or Sung che. there is one which describes the sunken brave heros during the wars. Could you give me that? Or anyone can help me?

Posted by Ntpboon > 2015-05-28 22:03 | Report Abuse

Hi KC, sorry my English is really poor. May I know what's the Chinese title.
I'll try my best to find for you.
至于那些我胡乱塗鸦的打油诗，只是发发牢骚吧了，别当真。
我反而要感激你的文章，让我获益不少。

Posted by AdCool > 2015-05-29 14:39 | Report Abuse

It's not easy for the youngster to save up to 20% after EPF, Socso and tax deduction. With a salary of around RM2.5k - RM3k, it s not easy to survive in KV. Unless, you are staying with your family, and have a free dinner meal everyday, family car to drive and don't need to care for any household expenses, that could be possible.

Else, like me, the first few years were more like building foundation (Own your first car, own some furniture, working clothes, shoes, insurance, pay your own bills, repay education loan, etc) plus building some debts. Now, it's time to build saving, investment and reducing debts. Btw, I yet to own a property in KV even after working for 8.5 years and I didn't travel to oversea trip but only local trips until I was 26 with some saving just enough to visit Singapore for 5D4N, staying with my cousin.

Now, I think the youngsters are travelling to Korea, HK, Japan like no issue at all. With that kind of lifestyle, it is even harder for them to save up.

Posted by kcchongnz > 2015-05-29 16:48 | Report Abuse

adCool,

You appear to be a financially sound youngster, knowing the importance of saving.

Good to go buy a house and treat it as a form of forced saving and a roof of your own over you, especially if you are married. It is perfectly alright to borrow money from bank for a house. House price won't go up and down 20%,30% in a month. But even if it does, bank won't force sell your house just because house price has dropped by 30%. Travel but try travel cheap. Invest but invest with your own money.

Never never use margin finance in investing as a youngster. That is no more investing but gambling. The knife of leverage cuts both way, only when you use this knife for investing, the side which cuts you is much sharper. It can ruin your life if you are not careful, and unable to control your greed.

“Investing should be more like watching paint dry or watching grass grows. If you want excitement, take $800 and go to Las Vegas.”
– Paul Samuelson

And not like trying to make a baby in one month by making 9 women pregnant at the same time. Warren Buffet

Posted by Intelligent Investor > 2015-05-29 17:49 | Report Abuse

Hi AdCool,

Congratulations for your financial sound mindset.

But, I would suggest that you should look for a house first before put your money in the equity investment.

Just like what Peter Lynch suggest on his book "One Up on Wall Street" - Do I own a house? Lynch suggests that you buy a house before you invest your money in the stock market because, "in 99 cases out of 100, a house will be a money-maker."

Posted by AdCool > 2015-05-30 13:42 | Report Abuse

Hi kcchongnz and Intelligent Investor,

With the growing rate of my salary and saving rate, I can't even beat the last 4 years of properties price increase rate. Have been surveying around for a property since last year but I still can't afford one decent place for below RM400K in KV.

I went to few places in Shah Alam for properties that are asking for around RM400k - RM450k. Anything below RM400K is either badly maintained (because the property was worth around 250K++ when it was being developed and you would have guessed what kind of quality being built in there), Malay majority area or facing a cemetery. Those between RM400K - RM450K are either old properties, 10 years and above and require quite some fix up or those below 900sf that only provide 1 car park (working family now at least need 2 car parks cause both spouses work and travel) After factor in all the additional cost that I may need to fork out (legal fees, stamp duty, renovation, etc), I can only afford around RM420K property and that leave me with limited choices and trade off. All new properties are now launching around RM550K +++ and above which is beyond my reach.

Checked with my wife if we should move to even further place like Nilai or Bangi but the one golden question remain, can we find a decent job there?

Hence, it is in my plan now that I should relocate my family back to my hometown for an affordable home without compromising security and decency. But is separating yourself from your family a good decision, all because you want to own a property of your own? Reason being I need to continue to work in KL to support my family.

So for those youngsters who happen to come from the same background like me, owning a property in KV may not be a dream comes true but you still can choose to build a family. I have many friends who chose to own a property than to build a family cause your saving is only sufficient for either one. Btw, wedding doesn't come cheap unless your have FAMA sponsorship. I believe this would be the dilemma for many youngsters who came from a normal family background.

Posted by AdCool > 2015-05-31 14:16 | Report Abuse

Thanks kcchongnz, Intelligent Investor and ks55 for all the valuable feedback and advice.