wow... like this headache liao come every date the dividend disbursement is announced

my bad. it was in a PM message that i discussed with a fellow forumer

i call this the ASB & AS1M leveraging

of course this is just a simple calculations and there is also the risk of BLR increase any time w/o warning by BNM

there's also insurances to be paid for the loan that you'd need to consider

and also the monthly repayment that you need to discipline yourself to commit each month, or else, penalty may apply, and they may decrease the BLIR - 1.65% is you have bad repayment record

hopefully they'll follow bank's method of allowing a 3rd party to update the book by means of authorization or indemnity letter

wah... anak org kaya

but when they implement the policy, you will still need to adhere to it. hopefully not too strict. maybe the first few days ok lar.

there is no charge. is there?

i never w/drew any money from ASB for almost 10 yrs already

u can w/draw from Maybank, RHB or CIMB

just check with them what is their daily cash w/drawal limit. sometimes they impose that.

yes. u need to register first, then wait for it to be approved

then each transaction to add the units will be charged rm 1.

If you invest 1,500 monthly, assuming dividend is at 8%, by year 6 you will have 100k. by Year 9 (November) you will have 200k

if you invest RM 1,000 monthly, you will only have 100k by Year 8:

ah... you're 3 mins late. i closed the excel w/o saving it...

later if i got time i redo the excel and upload it here

u know that he is asking for the excel xls soft copy, and not money right?

nothing wrong if he want to ask here

i'm happy to assist him if i am free

sharing what information i have so everyone can benefit

check again tomorrow. usually it takes 1 working day

Just to add: "And yes, I’m a bumi and ASB only limited for bumi people in Malaysia."

Apparently, if you married a bumiputra, and convert to Islam, you are entitled to ASB too

this one not yet tried since no volunteer

there is no joint account for ASB

only the TING TING red book need a guardian if you want to w/draw the money. if you >18yrs old, they'll upgrade you to blue book.

if you are a bumiputra, no problem.

there's always someone selling

just 2 weeks ago i tried for 30+k

no. don't get me wrong. i put in 30+k on behalf of someone else.

ayam poorfag

somebody has to check & confirm

an acquaintance of mine has no trouble opening ASW2020 & ASM. he's a chinese convert with bumiputra status.