Wong Sifu,

i read with great interest & i applaud you for sharing your insight & knowledge with the rest of "ignorant" people like me here. I wonder if you could drop few pointers on my situation.
I’m 34 years old, engineering line.
Drawing MYR12.5 gross, net ~9k.
After minus all expenditure/insurance/loan etc - left around 1k for saving.
Asset (cash/stock/FD) ~ 50k. I’m planning to get married early next year, so bye2 to another 10k or so.
I sold my house in JB ( bad decision) & lost money. Supporting siblings financial, parents & even my ex-gf’s hence not much saving ( yes, I’m very generous hehe)
I have 4 insurance policy
Insurance 1 – MYR200 per mth/ 20 yrs (maturity 2018)
Insurance 2 – MYR200 per mth/ (maturity 2018)
Insurance 3 - MYR100 per mth/ (maturity 2018)
I foresee a return of MYR200k upon maturity in 2018.
All 3 insurance policy above from MICS, supporting my best friend when she was agent back then!
She left some time ago, I have no idea if MCIS will still entertain me if I would like to check the value & possible gain upon maturity of those policies.
But in a way its good cause I don’t really have discipline to save.
Insurance 4 – SGD100 per month / 10 years (maturity 2014), conservative estimation can get MYR50k with 2.5x exchange rate.
Saving per month not much cause a lot responsibilities, supporting parents, wife to be & lifestyle.
EPF ~ 100k, just started working in Malaysia for the past 3 yrs. All this while in SG no CPF
Credit card debts – 5-6k
Btw, I’m planning to marry my Muslim GF hence I would be eligible to invest in ASB.
I do not know if I should take loan to invest in ASB, I read some said not worth it while some said go for it.
What would be your advice to me on how i could further maximize my gain for future?
many thanks

Dear (Mr.) Wong,
Thank you for your prompt reply esp in regards to conversion.
On the ASB, i can confirmed that converted Muslim is eligible.
& yes, it impact loan eligibility amount.
On the insurance, yes i will schedule an appointment, i have my doubts that the local branch could assist me. No offense but most insurance agent are merely salesman to me.
On EPF, what u reckon is the best way. Dont touch AC2 & enjoy safe dividend, dump on appointed unit trust management or invest on property?
Many thanks

Lesson well learnt. Kudos for apologizing.