So any of you guys know which banks gives higher return on FD?

I got FD in RHB
Not all the banks are the same meh?

This post has been edited by Assassin: Sep 24 2006, 05:50 PM

earlier got la CIMB

Normally all are about the same but sometimes it is a bit different from bank to bank depended on their management.
Eg. hlb gives 4% from 1 years while maybank gives 3.7%

The interest rate of FD depends on bank. There is no fixed rate for all the banks. You can get the interest rate of all the banks from newspaper. Usually business section of newspaper have these information.

Mutual fund has its own advantage. Profit or loss, depends on how you choose the fund. The charges are clearly stated on the prospectus, read it before you invest on mutual fund. Not neccessary you will loss in mutual fund. If you interested and put effort to learn about stock, sure you invest directly in stock market will give you more return.

detail pls.

FD?!Yes if you dont have big dreamz in life.Too low profit ,nearly negligible.Lol...........

Led,

Then, offer an alternative and prepare to defend your recommendation in this thread.

Dreamer

before you invest,make sure you can save your money like coins,that is the hardest part,and the most important part!!do you believe i can buy a motor cycle by cash just only i save my coins??i save until full of a big long bottle.when i count is around 6000.omg...i save for 4years,everyday throw in all my coins that if have.that it,this is the started point.you want to invest,just invest your attitude!!

why u all want to put the money in FD? dont u think the value of the the interest isn't good enough? our inflation rate in malaysia is around 3%. with your FD highest interest FD rate is just around 4%. the real value of the money is decreasing due to inflation. why we find other investment product to hedge the inflation. if u read the Robert kiyosaki book, let money work for u.... with the 4% interest rate, do u think it valueable and enough to hedge the inflation?

before you invest,make sure you can save your money like coins,that is the hardest part,and the most important part!!do you believe i can buy a motor cycle by cash just only i save my coins??i save until full of a big long bottle.when i count is around 6000.omg...i save for 4years,everyday throw in all my coins that if have.that it,this is the started point.you want to invest,just invest your attitude!!

ya..... i also started throw my coin.....but now i think only got few hundred only

you please dont ever touch the coins you have put in,never!!

Outsider,

Be constructive. Offer an alternative and be prepared to debate the pros and cons of your investment idea on this thread. Then, we all can learn. I had read 8 of the Robert Kiyosaki's books. What idea will work in Malaysia??


Dreamer

you know a malay word that most famous and powerful words,"sikit sikit,lama lama jadi bukit."this word is true,i prove it already!in english ,it mean little little,after a time it will be a mountain!!

Then what do you think we can invest our money in to get higher return? Give some advice and suggestions.

edit: normally when they'll charge u on Unit Trust other than the 5-7% sales charge?

This post has been edited by ky_khor: Sep 26 2006, 02:49 PM

Ya, just like Dreamer said, apart from FD which offer low return rate, there is not much choice for general public to find an investment which offer low risk investment which gives you a positive return rate. Most people realise FD will not able and successful to hedge the inflation rate but if you don't want to take the risk of losing money then the only alternative is FD and some of the saving insurance scheme.

Other investments like mutual fund, stocks, futures, currency even pyramid scheme definitely offer much better return rate (if the market situation move up or according to your projected plan) but it also will led to negative return rate (lose money) if the market moves against your plan.

Theorectically, FD is not a good investment tool but a lot of people will sleep well every night if his/her money put into FD compared to others investment tools. The better scenario is diversification, a portion of money put into FD, some into stocks and other investment tools based on the risk ratio you able to handle.

There is no best way of investment, it depends on the economy situation and financial market. Also, it depends on individual preferences and risk handling capability. For eg. if you have family which depends on your source of income, you won't put your money 100% in stock and futures market but rather a large portion into FD like investment in order to protect and secure your family spending, right?

Talk is easy when it come to real money involved then a lot of consideration need to be taking into the account. If not the book writer don't need to publish the book already, since he/she might be already rich enough based on the theory writen. Having said that, the book(s) is good for references and guidances for investment purposes and it is up to individual how to implement and interpret it according to the individual needs. Again there is no such thing of the best investment tools or strategy.

We come here to share investment knowledge not flaming others.

i throw my coins n gif them away coz my wallet is "not compatible" with coins
baaad habit
i used to save when i was a kid.
the world is a bad place to love in

hi aichiban,i understand what you mean.You just need to start from now!when?Now!!only now you can change your life,only you change your attitude now i m sure you will be difference!believe me,what i have,everyone also have,dont give up yourself!!gampate~~