Whats so difficult ? It 3.324% pa.(savings int not taken into consideration) . Good thing is can withdraw and still eligible for its monthly rate. Quite good for those placing their loose change there.

This post has been edited by magika: Aug 23 2013, 03:55 PM

Bank Rakyat is under direct supervision of BNM under the DFIA act.
Most of us also think EPF has been also treated as a cronies piggy bank.


This post has been edited by magika: Aug 27 2013, 02:39 PM

Like this have to fill RON97 petrol, as RON95 is subsidised by rakyat money...
I prefer Gardenia taste then Massimo too...

Now, dont concentrate on FD , look at stocks got very good offer currently ...

Bro Captain, same taste nevermind, hope dont same age as hoping still can call u uncle.
Basically, we dont really care about politics, or even cronies as that is beyond our control ( 5 years once can show our displeasure of course). At best we are trying to make whatever RM we have to generate enough passive income so at the least, there is some inhertance left to pass to our children so that they have a head start in live ( education is one of safest but not really the best form).

Concerning PPTN, my son applied for it ( and spent it fully) eventhough everything is FAMA funded. Sometimes people are too much, borrow yet do not want to return.

Boomchacha, you sound like my belated parents. Must study hard then only can be sucessful...

Business is the way to go if you want to make headway in life. Study, get degree, then what, still work for others and can get rich meh...

I always told my children that education with degree or plus is an insurance plan. After degree or whatever you work to gain knowledge, experience, build your own network, study other business plan then after a few years with some capital then try your hand in business. You can afford to fail but then you have your degree for backup. Try again then if all else fail open a hamburger stall like your old man....

Its time for paradigm shift, no more stressing on study hard to get a degree and then still slog forever...

Wat man, so sensitive one... People comment hypocrite then all appetite gone.. sumore dont want to attend..

FD promos now all banks promoting FD with certain percentage in CASA, that one interesting meh... newbies will take more panadol..
This topic more interesting , of course its related to FD musical chair players POV and rich forummers who dont need the extra oomph all basing on their own correct or prejudice opinion. Its very important to study those opiniated views and then we do some soul searching to find our own direction. The important thing is that it differentiate those with character that dare to voice out their mind even if it goes against typical assumption. For me, after the heydays of high FD rates, for many many eons, I just placed it in Maybank and just dont want to know. Only thru this forum, then only have I realised how much I failed to gain because of apathy.

There was a time when the typical view was that Islamic FD is a big No, No & No. Thru opinion raised and debated ( with some snide comments) then suddenly it becomes a big Yes, Yes & Yes. So dont be afraid to go against the grain, talk, debate, argue then make your own opinion or principles. That is character building.

Then again Uncle Boomchacha antics amuse me further..!

This post has been edited by magika: Aug 29 2013, 09:29 AM

RU trying to scare me ?

For me personally only, bravery doesnt cross my mind.

ya..ya.. I know you know lah... Friday muslim prayers 3 pm also finished already. Wear sarong to BR makan makan also nevermind lah..

Wah... good idea FD version of apartheid... Can also separate Islamic FD n conventional FD..
Maybe foreign sounding bank vs local sounding bank...

Heh..he I got diversify lah... Into properties n stocks also. But if economy collapse evryone also kena kaw..kaw..

Btw, I just won my complain against MBB credit card, and they refunded me for my replacement card.

FD players all rich one lah, some intellectually , some monetary, some on humanity. Nowadays no more chasing after FD promotion has left me with a lot of free time, so engaging in other hobbies.

bbgoat, hows the china doll I recomend u !

Market down lock in will be less profit. Nowadays only holding bluechips, no more trading as taking up too much of free time.
China doll, have to ask bbgoat n hjebat for referral. Dont ask boomchacha, that one always shooting my business down.

FD rates now nothing interesting lately. Last time killing our brain cells just to interpret the complicating terms n conditions. No more money to do any placement.

Heard that you flew to US just to be luggage boy ...

The ones I recomended is 30 years younger than you. Do you realise any younger, penal code punishment with mandatory rotan one lah..

Now, I m into small superbikes. Bought two new bikes, one for my daughter, the next morning, my house gate was pried fully open. Neighbour car window smash also. Luckily no lost.

Your FD deposit must be substantial that even received invitation card for makan..

That fella half blind, buy one free one he also dont know..

FD returns. What are we doing with it ? Compund n compund neverending. Its time to relax n enjoy also. Like captain said, spend your children future inheritance a bit also nevermind.

That was the line I used. Got copyright you know..

BR is a cooperative bank. It is subjected to direct BNM supervision under the DFIA act. In other words, anything wrong, BNM will be blamed. Of course nothing about bailout.

Cooperatives (meaning those setup usually in GLC, PSD, Felda,, etc) are meant to enriched their members but are pauperising them instead thru easy loans with exorbitrant rates. Most caught in this vicious web, are mostly bumi government servant and the naive kampung folks. So for those politician championing bumi rights, they are the real hypocrite.

Cooperative banks are better regulated but are no better in principles. Commercial banks while have stricter guidelines are not much better too. So everything is a shark eat shark world.

For me , I cant be thinking too much of it as everything is the same, so better concentrate on better yearly returns.


This post has been edited by magika: Aug 29 2013, 01:41 PM

bbgoat, lucky fella, got good friend let u test first..

Thats why I agree (previously stupid) that we should spend some of our children inheritance ON them while they are still young. As then when we are old, then the good memories are still there. Other than be strict parents, these cannot do that cannot do.

Thats why nowadays I splurge on my children also on big items. Once a year will take them overseas for holidays. All these within our means of course, so using good returns from from FD is one of the ways of achieving it. All this spending is due to captain's article, bad influence from him..