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 What's the best option for your child saving, Got a newborn and wanna start planning

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cynthusc
post Sep 26 2011, 04:00 PM

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QUOTE(awiekupo @ Mar 4 2010, 11:37 AM)
Wow.. I can't believe this thread is still active. Thank you very much for all yr input. Really really appreciate it.

At the moment I'm still learning bout property but I had started saving for my baby via ASB (thru my wife name) & ASW (baby's name - since u need to be 18+ yrs old to open ASB account).

Nevertheless, if you do have any idea to share please feel free to post it in this thread. I'm sure a lot of people had learn a lot thru this topic. smile.gif
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Awie, you can open a ASD account in your baby's name and the returns are good too....average 5-6% per annum. Max investment is RM100K
justin_nys
post Oct 8 2011, 09:51 PM

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QUOTE(cynthusc @ Sep 26 2011, 04:00 PM)
Awie, you can open a ASD account in your baby's name and the returns are good too....average 5-6% per annum. Max investment is RM100K
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well, this is only for bumiputra right? rolleyes.gif rolleyes.gif
hackwire
post Oct 10 2011, 11:43 AM

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which is the best saving where as a child can withdraw the money out with ease in case the parent met with an accident. we are looking at the best method where the aunt or uncle could assist our child to draw the money out for his education .

This post has been edited by hackwire: Oct 10 2011, 11:43 AM
eXTaTine
post Oct 10 2011, 01:36 PM

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Just open a Gold Savings account with UOB and make deposits regularly. Gold is in a long term bull market and it will do good for your kids, it will outperform any mutual funds and fd or amanah saham in the long run.

This post has been edited by eXTaTine: Oct 10 2011, 01:37 PM
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