oo...the edge,i got subscribe that weekly newspaper too,yet i 'm too lazy to pick it up and flip open to read it

Rules & regulation of Jobs & Career subforum.

No referrals allowed.

Investing in insurance investmentlink is not very good return unless u put a lot money in it. THere is fix ratio between the investment and insurance u buy. U can't buy too little on insurance. At the end insruance still and insurance.
As far I know prudential had asia pasific investment means a wider investment compare to others only local investment. So it will be more agreesive, As we know our market is not agresive compare to other region market.
Never take insurance as investment bcoz it is for long term basis and of course insurance purpose is to protect ur income not making money. Take it as saving for ur future instead invesment.

This is strange as my financial planner is quoting a investment-linked proposal from Great Eastern Life. Anything fishy here?

Stitchy®

Probably just the usual situation where financial planners are often little more than commission sales people for various financial products. If you want good advice, go to a financial planner that is truly independent, which also means that you will have to pay for their advice.

Folks,

Until you know how to calculate investment return with some tools like Excel, you are at the mercy of whatever someone tell you. For insurance + investment scheme, unless someone tell you and you can trust the person, you have no idea how much money you paid is in investment versus insurance. This is adding an additional degree of complexity and confusion.

This is a test. Can you tell the difference in interest rate between a housing loan and car loan in Malaysia?? A 8% interest car loan is equivalent to housing loan of how many percent interest?? Is it more than 8% or less than 8%?

If you have a choice of taking

A) 5 years 50K car loan or

B) 5 years 50K housing loan

Which one will costs you less interest?

Dreamer

u have to see which company and also wat age u are when investing in investmentlink cos if your old really not good return

I want to know too. Thanks.

Thanks for explaining.

FD is too slow la...

Thanks for sharing.

Thanks.

Help to enlighten us ...

Stitchy®

ummm...moar?

Assuming 8% interest in both cases

A) 5 years 50K car loan = 8% simple interest

Total interest = 50K * 8% * 3 = 12,000

Total payment = principal + interest = 50K + 12K = 62K

Monthly payment = 62K /60 = $1,034

B) 5 years 50K housing loan at 8%

Use Excel financial function
= PMT( interest at each period, number of periods, principal of the loan)
=PMT(0.08/12 , 5*12 , 50000)
= $1,013.82

(B) is cheaper and you save ($1,034 - $1,013.82) X 60 = $1,260 in interest

Dreamer

wah both also 8% but house loan cost less
anyway if u invest in house better cos after that it will appreciate in value whereas the car value will nosedive

You still do not GET it. It is all money.

A) If you can get a bigger housing loan to finance the car purchase. You will save a lot of interest.

B) Get a car loan that is shorter in period or buy a cheaper car.

C) Buy a car with as much cash and little loan as possible.

Dreamer

This post has been edited by dreamer101: Feb 12 2006, 06:46 PM

hi,

why do u multiply by 3 as stated ?

I've also attached a Excel worksheet of the detailed calculation of the Houseloan example (the interest paid and principal repaid at each repayment period)

* change the file extension to .rar and extract it

Cheers


Attached File(s)
 Example.zip ( 12.33k ) Number of downloads: 28

My calculation WAS wrong.. So, it should NOT be 3. It should be 5 since it is 5 years..

Total interest = 50K * 8% * 5 = 20,000

Total payment = principal + interest = 50K + 20K = 70K

Monthly payment is 70K /60 = $1,167

(B) is cheaper and you save ($1,167 - $1,013.82) X 60 = $9,240 in interest

The difference is a hell lot greater..

Dreamer

Few banks are likely give you a loan in excess of the appraised value of a property.

Dreamer101, are you also suggesting that car loans are not based on the concept of compounded interest charges? If that is the case that is most unusual. Over here in Canada, the interest charges for loans are legally mandated to acrue semi-annually and a 5% loan for a car or 5% loan for a mortgage will end up costing the same in interest charges over the same period of time.

1) In Malaysia, the car loan is based on what we called simple interest. It is not based on compounded interest charge. This is different from the rest of the world.

2) You are correct about not getting a loan in excess of property value but most housing loan nowaday has some feature to tap the equity of the your existing house loan.

3) The bottomline is to know how to do the calculation and calculate what is the best deal.

ASSUME make an ASS out of U and ME.

Dreamer

This post has been edited by dreamer101: Feb 13 2006, 10:05 AM

Hi,

Are any of you savvy investors know of any people who are grouped to pool investment in Managed Forex/Options/Futures Account?

I'm interested to hear from you. Thanks.

Regards,
Stanley Yeoh

i invest in futures market alone,a lone wolf.


btw...anyone here can elaborate the difference between loan stocks and warrants? these stuffs are playing jedi mind tricks with me