Tq solsekuin

They passed on hari raya. Gap 1 hour. Dad first mom second.

Same goes to u before raya to saving asb

31
yep just mid of ths year. Very late ...

You olso hv a gud saving,,

Today a lot of people withdrawing their ASB.  Maybank, CIMB & Pos Malaysia full with people holding blue book

Went there to "top-up" ASB? 

You probably the only one to "top-up" ASB today while others withdraws 

my ausie cousin ask me.

hey, is it Malaysia categorize their people into race or religion?

I just say nothing and keep silence. Haha

Just started my investment blog. Feel free to visit   

http://durianinvestment.wordpress.com/

Well it seems that the trend reversed (at least for today at least). Saw a lot of parents at PNB's HQ in Jalan Tun Razak main branch with ASB books in hand, child in tow and deposit slips with what I presumed as the children's duit raya.

Hope the same awareness spreads to the rest. Imagine what preparation these children have with time on their side, assuming the parents don't utilize it for "emergency" funding of course

Parents nowadays can consider 'senang' d. My kids now alone od have 4k in 'TingTing' account. Hope they remember what parent had done to them

Me since age 22 start saving. Before that, waste alot money, never try to save. Now I know the importants of saving money when I start working. Makan gaji alone wont make us rich in this pitiful country.

And so, saving my money into my tabung haji and also invest in asb

someone asked. is it true that she can get 1 million in 25 yrs if she made a ASB loan of 200k and is paying off the loan diligently every month and not taking a sen out of the investment throughout the tenure

this is a simulation based on the assumption that the dividend is at 8% and 7% with initial investment of 200k



you can get 1 mil by year 22 (8%) or year 25 (7%)

but there are many assumptions and factors u need to consider when taking a 200k asb loan

1. BLR rates stay the same / lower throughout tenure (year 1997 - 98 proofs that BLR can shoot up to 12%)

2. ASB is giving healthy returns of at least 7% dividend (let's not consider bonus at this point)

3. the cost of MRTA

4. the probability of you failing to pay and getting penalties (which if done repeatedly will also cause the -% BLR to decrease, causing higher effective interest rate)

yes. many to consider. although i may have left some complicated stuff out, for example: when you have a 200k ASB loan, it will be quite difficult to get housing loan or car financing. pls take that into consideration

MRTA is mortgage reducing term assurance. short explanation: it's insurance for the bank and you. should something happened to you which makes you unable or unavailable () to pay, the insurance will cover the outstanding amount

i don't know how long it takes to get the loan, but mine was pre-approved immediately

saving while serving your loan is good. it's a two-pronged method to increase your savings in a "forced manner"

only a few days...but have to push the officer to be hurry because normally asb will be closed for dividend distribution in dec...takut bank tak sempat nak beli sijil di asnb...

simply put, ASB islamic has higher total interest charged

but it is more complicated than that since ASB-i is not charging you interest, instead they put up the profit upfront

one of the +ve thing about ASB-i is the fixed "interest" rate, which covers you from fluctuating BLR