then can you suggest the correct calculation for 1 month with 3.1%interest rate and 12 month with 3.7% interest rate FD?with 10k investment?
for us?

the calculator link is quite usefull but is it accurate?does it take into account of auto renewal as dreamer mention?
or compounding interest etc?

just call my mom to verify whether i am bumi or not,my mom is pure bumi but my dad pure chinese,she is not too sure too.am i a bumi?? i dont know coz my birth certificate dint verify it.some people say yes some people no.
but my mom got this ASB,so i am thinking of putting my money in her account.she is not investor,but she tell me when she put 400 and never touch it,2 years later it become 1000+,in which its huge!i cant open one yet coz i am working in uk...not going back in few years.

if you guys where me,what you guys will do?
my monthly savings(net income)is rm5.5k,currently all my money(40k)Is just sitting in the normal savings account in maybank. will you guys just put it in FD or put in ASB?whats the interest in ASB today?

dreamer
from your previous post,you mention that bucket 2 money is for 6 month emergencies fund,right?

but let say i dont need to have the emergency money coz i dont have car or house or any other loan to pay.what i need now is to earn money as much as possible,as fast as possible with the minimum risk.

so instead of putting some money into the FD,will it be a good option if i pump all the money to ASB?

anyhow,how does ASB or ASM works? its some kind like bond and equity rite?
can some guru tell me please...

thanks for replying,
assume that i had enough funds to cover my bucket 1 and 2,and i need some investment,do you reckon ASB is a good deal to pump all my bucket 3 funds in it? i try google ASB but nothing seems help for me to learn about it.

wow...that's quite high!range between 7%to 11% annually!

is amanah saham national,bumiputra,malaysia,wawasan 2020,amanah saham watever all the same?i dont mean exactly the same do they fall into same categories?
if i am not mistaken they are like equity income funds in which the funds are invested in company which pay high dividend,that is,they distribute a large portion of the profits they earn to their shareholders,an equity income fund is usually considered to be conservative therefore may be appropriate for investor whose objective is to create a stream of income from their investment that they will be able to live on.(copy from a book)

thats the defination for equity income funds,but i am not sure whether these amanah saham thing is belong to this categories.

please correct me if i am wrong.

I wonder what the "H" in IMHO stand for too.

for fella investor, just wanna refresh what dreame101 has said before.

Before you even think about investment,please make sure that

-you are debt free, no credit card debt,no car loan,no personal loan,no bank loan,no study loan,etc(Housing loan is an exception)

-make sure you got your bucket 1 and 2 money ready.a person got 3 buckets of money.the 1st bucket is the money for everyday use in order to keep your well being like food,bills,rent etc. save the bucket 1 money enough for you to survive 6 to 1 year without working. example,your current salary is 3k,save atleast 3k x 6 months =18k for your bucket 1.

-bucket 2 money is the money for your long term goal that you may not want to put at risk.such as downpayment for you car and housing loan,your wedding expenses,saving your business capital in 3 years later,etc,which you want to put in a very little risk savings vehicle like FD.

when you are virtually debt free,and have your money filled in your bucket 1 and 2,than only you can start to think about investment using you bucket 3 money, which are any access money other that you can put risk into it, and you dont need the money for a long period,say for 5 years time.

why this is very important? remember no such investment is risk free! supposed you invest your bucket 1 and 2 money to invest and your investment goes bust,what are you going to pay for your everyday expenses and future goal?BUT NEVER EVER TAKE LOAN FOR YOUR INVESTMENT! this is very important if you want to sleep at night without worrying your investment.

thats the very 1st step before you even think about investment.it may sound easy,but 85% people cant make it.

well,think about it again.
if you cant even save the basic,dont even think about investment. this is why people committ suicide when their investment failed.

they invest all their hard earned money and when it goes bust, they owe the loan shark, they owe the bank, the wife run away with kids, he got no money, house tarik by the bank, no car,jobless, lost faith in life, better go die.

sad,but true.

you can start savings step by step, some advice are,

-dont apply credit card.
-make savings a habitt,you can start to save your 10% to 20% of your monthly income.bank in the 20%money to different account than the one you always cucuk at ATM's.
-have your salary straight away bank into your account. dont take cash in your wallet,or you will be tempted to use it.
-save any extra money you have rather than spend.for example you got 200 salary from 1k increment, now you know that you can survive with 1k,so save the 200.
-sacrifice a habitt, if you used to buy shirt every month, try to buy once in 3 month.

there are still a lot of ways to save money,live a frugal life.but dont over do it.treat your self once in a while.

i save 6 month salary with just working 7 month,but it's not fair compare to you all.my food and accomodation is free. i dont smoke dont drink no car no girlfriend no entertainment.try to live my style.hehehe

This post has been edited by ah_suknat: Aug 17 2006, 11:39 AM

the rule of investment(in fact,not only investment,but the rule of life) is,
better be late than sorry,biar lambat asalkan selamat.

dont risk your money if you cant afford to lose it. investment is not a must to achieve your goal,but saving is.

as i mention before,ask your self this question,can you afford to take RISK?

but this doesnt mean that poor people canot invest,you have to run out off your own rat race 1st.you are not working for money,money work for you.

i recommend you save money 1st.

what you have said it's true, we can start learning ourself about investment before we had the money, now there's some internet investment education provide investment simulation, or better still doing paper investment without putting money in.

but as human being intend to be tempted very easy,especially when it comes to money. if they success in simulation investment, they will think they are smart enough to invest in the real world. without hesitation, they risk their life boat money(which i mention as bucket money 1) to invest.
as we know,no such thing as risk free investment.people should educate themself how to survive the basic 1st,you dont run when you dont even know how to walk.

which part you dont understand?

This post has been edited by ah_suknat: Aug 18 2006, 12:52 AM

wanna ask here. here in uk now they offer this investment that they GUARANTEE the interest rate is high above the inflation rate, and it's RISK FREE. i saw it in the tv by this national investment and savings. they even find sir Alan Sugar to promote it.

so is there anything like this in malaysia so far?

www.min.com.my/eng

Hi guys,

from the kopitiam thread people are saying the goverment is issuing more ASW2020 tomorrow,the divident yield is 6.8%.

how true is that?anyone going to buy?

what i am worried is actually the recession that might or might not be coming soon....currenty the trend is once in 10 years.next year is 10 years after 97crisis.

it's all about timing,if you invest now then next year or 2 and the recession coming,that you need to wait longer to gain profit from the lose.

or may be wait till recession had pass and the market refresh for another 10 years?

wow...they really sell like hot cakes....
only 2 to 3 transaction in each bank then sold out??lol

is there a quota for bumi?

a lot of scammers use this big car as their scam tools, they will say they join this mlm and now he drive a BMW so and so, what you dont know is the behind thing, everyone can drive a big car now adays, but it doesnt mean he is a successful person.

wrong, look at coca cola, McD, BMW etc, they are reknown , yet they still advertise, advertising is not only work as simply advertise to show the public how good your product is. there are alot more functions for adverstising

what I will say is, bad things not need to advertise. or you get yourself into troubles

there is another type of investment but also the RISKIEST of all investment.
its called speculation.

you predict which antics(cars,pots,table....) will appreciate in price in the future. or you predict which artist will be very famous in the future,buy his picture or arts now, and hopefully you can sell the price like picasso pics when he go famous.

or you buy some stuff in the ebay claim to be used by some famous star like madonna. now a days people willing to pay crazy price to buy things used by beattles and elvis.

but if you predict it wrong...it's just piece of junk....

another investment is to invest in your kids,hoping someday they will take care of you when you get old.well...sadly these type of investment are proven to be failed than succesful, most of us are just kacang lupakan kulit.