Should i pay more now or remain the same ?
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 Dec 28 2009, 05:38 PM
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#1
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Senior Member
1,068 posts Joined: Jan 2007  
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If you take a loan of RM100k and decide to pay your loan with RM1000 every month. At the end of 5 years, you'll save RM2735.75 interest.
If you decide to invest the extra money at 1% per month. RM1k - normal loan payment. You won't save the interest but you'll gain a profit of RM12,300.86 at the end of 5 years. So tell me which one is smarter? |
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Dec 30 2009, 03:15 PM
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#2
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Senior Member
1,068 posts Joined: Jan 2007
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QUOTE(trojant @ Dec 29 2009, 10:29 AM) tat's not a fair comparison, you r comparing a rate of 3.45%pa with 12%pa. I don't guarantee.can u guarantee a risk-free investment with a 1% return per month?  I am already doing it. 12% pa is easily achievable by learning the basics. |
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Dec 31 2009, 01:46 PM
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#3
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Senior Member
1,068 posts Joined: Jan 2007
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QUOTE(Rosemount @ Dec 30 2009, 03:29 PM) What are the basics that you are talking about? You have to search my post way before October. The answer you seek is out there.I've read some of your post in this forum, and it seems like you are doing very well! But in actual fact, are you really doing that well? As we all know, talking and doing it is very different.  |
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