We are faced with various financial concerns on life. Some of the common concerns are:
i. Should we invest? Which investment vehicle? How much?
ii. Can we buy another property?
iii. What sort of protection should we look at?
How can we best optimize our current resources to meet all these concerns and at the same time, meet all our financial goals? Shall we address all concerns at the same time? What is the best strategy moving forward?
Are we overcommitted to a particular asset class? Do we just sell all our loss making investments and concentrate on the oldest investment vehicle such as property? Will this asset help if we need cash urgently?
One of my readers who realized that he needed to get a professional planner to help him out of his dilemma and came to ask me.
From the above, one can see that his major concerns are as follows:
i. Investment: Should he continue to invest, switch or sell the investments in view of current market uncertainty? Would reinvesting the dividends be a good idea?
ii. PTPTN loan (RM63k): Should he settle the amount, now that the government is giving a 20% discount? or should he buy another property instead?