wanna ask is fixed deposit safe? will we encounter loss like buying gold?

Yes, fixed deposit is relatively safe, but return is as low as 3.25% PA. however, from time to time, some banks offer high interest fixed deposit for a limited time as high as 5% PA. But do mind, there's annual inflation rate for currency. The rate of decrease in the purchasing power of money.

Fixed deposit is covered and eligible for protection of depositors by PIDM (Perbadanan Insurans Deposit Malaysia).

For more info, please refer to this topic.

http://forum.lowyat.net/topic/2451962

thank
i just don't really understand how it work. get quiet different answer from, people around me

if found out that you don't understand very clearly, just use these simple calculator to help you.

http://allbankingsolutions.com/fdcal.htm


http://www.calculator.net/interest-calculator.html


please note that, usually financial constitution have the right to change the content of returns or anything prior to your notice in the future.

Hope the answer will solve your question

This post has been edited by adolph: Oct 13 2012, 02:47 PM

thank

ASM year 2000
ASW 2008
AS1M 2009

Dont worry, The gov will probably increase the fund size (ASM/ASW) before the next election to raise fund.

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Added on October 13, 2012, 4:34 pmYOu got a good idea. But i'm not gambling type :-)

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Added on October 13, 2012, 4:37 pmI did not see any limit from CIMB clicks. But the smaller amount you type in, looks like the higher chances you will get it.

This post has been edited by jacklew77: Oct 13 2012, 04:37 PM

May I know your "smaller amount" means less than RM500 or more?

Which mean as low as RM1 = 1 unit per transaction

For more info.

http://www.cimbclicks.com.my/faq_asnb.htm#1

http://www.cimbclicks.com.my/asnb.htm

This post has been edited by adolph: Oct 13 2012, 10:05 PM

Thanks for the feeback, but I was referring to the smaller amount that jack mentioned

Really works for top-up online? (AS1M)?
Because I only have ASM, but it never allows subscription, despite many tries, which I concluded it to be a pre-coded message.

Anyone heard of Amanah Saham Gemilang? Got units to purchase? or full out

Amanah Saham Gemilang is open to all Malaysian.

But there will be 5% sales charge per units, and 3% sales charge for EPF.

The price per unit NAV is fluctuated, up and down. Which mean you will probably gain more or loss due to the fluctuation.
Unlike other fix funds. In the moment, all fix funds has been fully subscribed, only Bumiputra left.

This fund size has 1 billion, never fully subscribed. You can visit any ASNB, CIMB, Maybank or Pos Office if you're interested.

Minimum is 100 units to open.

This post has been edited by adolph: Oct 15 2012, 06:08 PM

Hi im interested in buying some, but I dont know which product is the best for me. Im a non-bumi so that leaves out smaller options for me. I have like 30k or maybe more to dump in lump sum, and afford to risk losses, and hold on up to 5 years to see the capital gain. I am only 22 and lack of experience on stocks, etc. So far I see PNB fund provides a relatively safer options and higher return than FD. Can advise me on which fund should i choose? I thought of splitting some cash here for pnb funds, and leave the rest for unit trust.. The return statistic looks too good to be true, most are >6% as average, why do most ppl rather putting money in FD than this?

Hi,

Just check previous comment. You got $30,000 in cash at the age of 22 ? I'm also almost 22 year old soon, but still not $30,000 cash in hand. Probably sell my assets and could be able to catch up, but still 5 digits

the fixed funds is fully subscribed for non-bumi. If you really can afford to risk losses. You can try Amanah Saham Nasional 3 Imbang or Amanah Saham Gemilang. Both funds has 1 billion size units. The better return is Amanah Saham Gemilang, return this year around 7.00 per units. But bear in mind, its price change and sales charge will be imposed for these funds.

http://www.asnb.com.my/english/asn3.htm
http://www.asnb.com.my/english/asg.htm


Since these funds has the compounded returns, should go long terms to enjoy the compounding interests.
It probably because Amanah Saham always fully subscribed and having a hard time to top up, not even mentioned pump in a large amounts of cash. RM300 top up also hard for non-bumiputra. For Fixed deposit, these fixed deposit was eligible for protection by Perbadanan Insurans Deposit Malaysia (PIDM) and relatively safe and secured.

http://www.pidm.gov.my/About-Deposit-Insurance/Coverage.aspx


You could try Bank Rakyat and buy some of their share too. But heard it was full too, and opened for Bumi only, will check about it.
RM1 per share, for the past 10 years. Bank Rakyat offer return as high as 15% to 20% cash dividend payout.

http://www.bankrakyat.com.my/web/guest/member

Cheers

This post has been edited by adolph: Oct 15 2012, 07:30 PM

The smaller amount i mentioned is RM 1000.

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Added on October 15, 2012, 8:37 pmHI, i got the first time online top-up approved. BUt i only key in RM 400.00. Gonna try again at RM 1000 tomorrow :-)

This post has been edited by jacklew77: Oct 15 2012, 08:37 PM

It works for AS1M. ASM not sure. Gonna try it out later.

This means when I invest, I'll start off with -5% loss? So the 1st year would be a mere gain of 2% (assuming if its 7 sen dividend).

Exactly,
Assuming, Last year ASG 6.8% dividend payout. $1 / 1 Unit, if you buy $1,200 = 1,200 units

1200 * 5% = 60, So in the end you received $1,140 principle.

1,140 + 6.8% =1,217.52. On the 1st year once dividend declared, you have $1217.52.

And other charge, The direct charges incurred by you when buying units are the initial service charge or sales charge.
Yes. but that not the only part, the fund units, Net Asset Value (NAV) is fluctuated and will be varied each days.

This post has been edited by adolph: Oct 15 2012, 11:21 PM

Congrats bro... no need to queue and ask those "lazy" bank tellers

Good one, let us know if ASM works, I've been trying but never works.
On 1 note, what if we keyed in too large an amount and it fails, it seems RM1 is still debit regardless of success, correct me if wrong.

This post has been edited by frontierzone: Oct 16 2012, 07:31 AM