Same as in Unit Trust, will you invest in those that theoritically (your opininom) wont give maximum returns. For FD it is much simpler, compare rates then make effort to deposit at best rates, then hey presto ... passive incomes without much worries. As we age take lesser risk lah..

u talk like an unker...u older than 40?

I'm barely 30...still at wealth creation stage, not yet preservation stage

I am less than 80 but older than you of course..

Obviously you have not read his blog. He is on early retirement, I think only forty+, but living in a envious lifestyle. He talked about his investment in his blog too, a very good read.

This post has been edited by MGM: Aug 11 2012, 09:08 PM

So many Gen-X admirers here

Retire at 40+...enviable indeed...
...I dread weekends when I'm not working...no thanks no early retirement for me

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Added on August 11, 2012, 9:17 pmBy the way, am I the only one to find reading Gen-X's blog makes my computer lag like snail?

This post has been edited by Pink Spider: Aug 11 2012, 09:17 PM

Yeah forex got better returns. Made about 25% last week

Its not admirers but respect must be accorded accordingly to one's acheivement. He is actually quite humble says is clerk only..

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Added on August 11, 2012, 9:30 pmMe too but at Genting Highlands..

This post has been edited by magika: Aug 11 2012, 09:30 PM

Actually, I was taught at a very young age to save all my Ang Pow money in FD. I would go to the bank myself and renew my FDs. When I graduated, I had RM6K in FD and with that I dived into the stock market. That's history. Now most of my children money is in FD, and with inflation and Ang Pow getting "bigger" over the years, by the time my children graduate, they have more than 10X what I had when I graduated.

Got lah.... little bit here and a bit there. Just sold some of my UT two weeks back to lock in profit.

So how much am I worth, haha. No lah, my passive income is not even a third of what I was earning when I was a salaryman. I quit my job because of my eyes and had to adjust my lifestyle; but, no way can be as frugal as dreamer. But I realized one thing from my interactions with many freaking rich people - no money one is miserable, got lots of money also got constant headaches. Nowadays, I have no stress and actually spent a lot less since I am at home most of the time. Only thing I miss is having a driver to sent my kids to school early in the morning.

Forex... no lah. I will just wait patiently till MBB drops to below RM4, haha.

Yah, now cannot take as much risk compared to when I started working more than 20 years back. Now got kids to feed and can't gamble away my funds for my children's education. So FD the safest place for this purpose I guess. If you read my blog, in ten years I should be broke for few years But after that can withdraw EPF money But if government increase withdrawal age to 60, habis saya (that's if I am still alive then).


I got no problems with Unifi or my Umobile RM28 package And Bro, thank you for visiting my blog

Bro, don't trust what you read online

Gen-X bro, your blog unaccesible lah..

you also go GH ah? Anyway last month was abit bad for me only got like 7%. YTD I have rake in slightly under 300% on forex alone

Fuiyoh n I only managed 250%

Aisey.... Now I understand you why you said playing fd musical chair is not worth it.

I'm just a small boy in a big old boys's thread

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Added on August 11, 2012, 11:14 pmAgreed

Serious unker bro, my office is running on Unifi, also lag like hell when I view your blog. At home with Streamyx, even worse.
That's why I couldn't be bothered to read it while at office.

This post has been edited by Pink Spider: Aug 11 2012, 11:14 PM

Bro, I checked yesterday I had no problems.

Bro, time passes by in a blink of an eye and soon you'll be an unker too and we unkers then would be datuks, hahaha

Bro, thanks for the update. Not often MBB offers interest rates higher than Affin's rates. Moreover, since it is offered to companies where most FD Promos are not applicable, it is not surprising if the targeted amount is reached before the 24th Aug. Then again, like I always mentioned, OCBC and UOB Commercial Banking do offer very competitive interest rates and makes no diff if MBB Promo ends today or tomorrow.

But for individuals 12 months FD, still got Affin 3.6% (Board Rate), HBL Senior FD 3.6% (Interest credited monthly), HLB Junior FD 3.65% (Interest credited Monthly) and UOB 3.65%. And if got KFH nearby, can get 3.85%.

Maybank Promo vs above with difference of 0.05% to 0.1% (exclude KFH) really not much diff. If got RM1M, then there is a diff of RM1K Then again, if one really has RM1M, better go with OCBC 3 months 5% and 4.5% Promos and earn more from interest in 3 months time instead of waiting for 12 months with any of the 12 promos mentioned above/posted in post#1.

And some would say we wasting time with above 12 months promos since Bank Rakyat Qiradh General Investment Account-i is offering 4.01% for 12 months, hahaha

This post has been edited by Gen-X: Aug 12 2012, 09:10 AM

if i withdraw fd before maturity, besides lost all interest,is there any charge?

No, u can do it as often as u like, no charges, really

For Bank Rakyak Qirah if deposit under 5 yr , profit payout every month.

If at 2nd year, want to withdrawn it, any penalty fee? how interest rate calculated?

after few months u withdraw also no fees

how sure are u bro? How about the interest calculation?

u also deposit at there?

i email Bank rakyat on this issue since last Monday until today they still no reply.

what is the safe,cheap,fast way to transfer fund to bank rakyat saving acc?

most bank will penalize by not giving any interest. Read the T & C, some FD interest are paid monthly or quarterly for long term FD.