how many year you take that loan?

I think the longer, the better? I took 25years tenure...just make sure it wont be a burden later.coz we cant terminate the loan within a year...

Usually car pool during public holiday only...i guess taking the bus most convenient now...last time took the bus almost 10yrs ago when i was still a student..haha..tq

owh...but the disadvantages taking ASB loan, we cannot have the money or cash in hand before the loan is finish..have to wait untill 25 year...is it right?

what car you driving? 65k loan? u take 100% loan?

yes..u only get from the dividend at the year end...thats why I take the loan half the amount I can afford and just bank in the other half. As an example...u can now allocate 1k for ASB per month...so maybe RM 500 to pay ASB loan...another RM500 just put it in ASB like u r doing now...in case of u need money, just cash them out. But the proportion really up to you..50-50, 70-80..etc.


or u can also use fahrur_07 method...use the dividen to pay the loan after the 1st year...but then you wont get any benefit from compound interest...

i already some method about asb loan...the reason i don't take one becoz don't want that loan to burden me...btw..thank for suggestion..will consider ur suggestion about half loan & half cash saving

When I used to work in Penang, I travel back to KL once every 2 weeks. 6.30 pm leave Penang Workplace on Friday reach KL house at 11.00 pm, then on Monday leave KL at 4.00 am reach workplace at Penang at 8.30 am. But very tiring, sleep 1/2 hour at Tapah & also consume a lot of red bulls... . But that is the price to pay...

I am from Sarawak and i "fly" back twice a year... huhuhu

For bumi there is always ASB.
But for a pendatang like me, where can I park my money?
So far, I put into FD only.

There are many other investment options which are have good performance if you are willing to learn. But if you expect to be spoon fed, then stick to FD. The world is your oyster, never limit yourself to what you can't get. For me I never bother with any of ASN's products.

I wanna ask, will take up ASB loan make you harder to apply other loan say housing loan, car loan, and personal loan?

Thanks mang..
Actually, I also do not bother. But begin to take note after hearing how my bumi colleague is benefiting from it. A low risk steady return investment?
Just that feel it is unfair. Anyways, this is Malaysia. Nothing is fair to pendatang.

Life is never fair, if you want to be fair there will be no rich and poor people. If one opportunity is not available to you, why you do not choose to work harder for other opportunities? I am sure that you are capable of finding other investment in you have the patience and passion. I believe that my investments have exceeded ASNB's dividend yield, although I have work way harder to achieve it, I am satisfied. Why bother with all the restrictions, queues and disappointment? Heck, even some REITS pay higher yearly dividend than AS1M with almost similar risk (as long you don't sell).

This post has been edited by gark: Mar 22 2011, 12:36 PM

yes it will.

i dont believe in those types of "investment".

what youre saying by taking that loan is.. i am willing to invest my money FROM THE FUTURE to make more profits than i could by investing the money that i have NOW. The problem with this philosophy is no one can predict the future. If anything bad happens and u need the money, your "investment" will burden you further. Everyone wants instant gratification, but thats not how investment works. Not in my eyes at least.

Here is mine ...

Income
Salary : RM5800 nett
Rental : RM500

Liabilities
Food : RM500
Petrol + Toll : RM500
Parent : RM500
HLA Saving plan : RM300
Car Installment : RM1150
House installment : RM380

RM6300 - RM3330 = RM2970 ... Basically I save RM2970...

You're asking for advice? This is not a show and tell thread la.

But with nearly 3k savings, why not use some of it to service another property which can yield rental.

thats around 50% savings.. (alot)

if u have accumulated enough savings to backup your annual expenses 3300 x 12 months, then u should stop saving.. and start investing.
personally, i would create a portfolio consisting of 30% property, 30% bonds, 30% stocks, 10% precious metals.. but it all depends on your risk portfolio.

yes, living and working in a city requires very high expenses.

1. parking if you are driving, depends on your place, minimum RM5-RM10 per day.
2. LRT, its not cheap if you go to and fro work every day 5times a week in a month.
3. Foods and drinks, its not cheap especially in KL.
4. rents and other home expenses.
5. Toll and petrol.

and the list goes on.

plus the good side of working in a rural area is that there is no traffic jam, fresh air, no congestion, and actually it depends on you view of life. some prefer good working environment instead of higher salary.

wow ur car is more than ur housing loan

Income: $6,775.00
Commitment: $6,566.07
Saving: $208.93

Breakdown
-------------
Car Loan - $1,439.00
Electric - $46.50
Food - $420.00
Fuel - $210.00
House Loan#1 - $1,000.00
House Loan#2 - $400.00
Insurance: Mother - $286.80
Insurance: Self - $375.00
Insurance: Son - $669.10
Landline - $51.60
Loan: Mother - $500.00
Mobile - $50.00
Parents - $600.00
Parking - $84.00
Son: School fee - $325.00
Toll - $100.00
Water - $9.07

Immediate action:
1. Food: Home food for lunch which can give RM140 saving
2. Fuel, toll & Parking: Looking for Bike which can give RM300 saving roughly

Hope to get some answer here. What more I can do to bring now the commitment for better cash flow?

Thanking in advance for the feedback.