Why post the meeting schedules? You want us to guess which meeting will they raise the IR?

yah, so we can give our predictions, hahaha

Bro, this above meetings announcements are important to some of us as it kind out tells us how BNM see things and we then analyze the future FD trend

Indeed

Unfortunately, one of my FD will reach maturity after the 1st meeting, which I forecast there won't be any IR movement. So, need to consider whether to make a long/medium term placement or a shorter one to at least until the 3rd meeting. By that time, hopefully have a clearer perspective on the FD trend once the GST has been implemented for a month.

Anyway, please feel free to let us know your prediction regarding the IR

Ha..ha.. Golden Screen Cinemas..?

gsc is one of our sifus here, he is an investment expert especially in Forex.

It is a great loss to us if he does not show up..

Warrior, one more example, if you have a FD which will mature 1 week before
the meeting, and if we hear rumor interest rate will go up soon, then you can
consider to take a gamble to renew your FD to one month tenure first..

I think even if interest rate were to increase, most it be only 0.25% Therefore it would not have any effect on current FD Promos where most run until end of Feb 2014.

Then how about to take a gamble to place FD for not more than 6 months?
I think Mach for 6 months is the best option now..

But don't forget most property developers are cronies.
I just made a rough count, my area is surrounded with at least 10 new built
condos (most are in the middle of construction) within 3 to 7 Km radius...

If interest rate were to rise, then property developers and property market
would be in deep trouble.., I guess our government does not want to see this
dilemma.. You help me, I help you ma..

But now we are having a very high inflation wor..? Then how..?
So Bank Negara stucks in between lah...

My opinion only...

This post has been edited by BoomChaCha: Jan 13 2014, 12:03 AM

Bro, gamble only got thrill mah But depositing in FD not gambling because cannot loose wan

How come property developers come into play? If you had read previous BNM announcements, BNM has said that nowadays OPR has no effect on housing loans (speculators) because the banks are offering loans at very attractive rates, i.e. BLR -x%

High inflation? Based on what data? As of Q3, consumer price index still roughly the same. Everybody thinks of high inflation on the way (as reported in the media for the coming months) and assume BNM will raise OPR this coming meeting (to curb inflation). Well, in my opinion, they won't do anything for the 1st quarter until the official inflation data comes after the 1st quarter.

This post has been edited by Gen-X: Jan 13 2014, 12:11 AM

What I mean this gamble is in between "earn more" or "earn less" lah..

Oh..I did not read about this...

The data based on these in real life:
Wanton mee price (double mee) has gone up from RM 5.50 to RM 6.00,
Wat Tan Ho now no more Rm 5.50 (except one in Pudu), now at least RM 6.00 or more
1 liter of Dutch Lady low fat milk is close to RM 7.00, was RM 6.30
Yogurt price is close to 1.90, was RM 1.50
Chinese tea is RM 1.20, used to be RM 1.00
Petrol, and TNB charge everybody knows lah..
Cigarette used to be RM 10.50, now RM 12.00
Anglia Shandy now RM 29.90 per 24-pack, was RM 23
and many more....

This post has been edited by BoomChaCha: Jan 13 2014, 01:51 AM

All my FD maturity dates are nowhere near the scheduled meetings
I'm juggling between medium & long term placement. Most probably will wait until the 5th meeting before making final decision.



Deploy some capital into the stock of the company that manufactures or sells products as you mentioned

Petrol - you agree that petrol be subsidized forever? Get hybrid car to cut cost Or get HLB WISE and get 10% cash back.

Yes, I know prices going up (CNY somemore), but data comes in later. Actually in April we will only get Q4 2013 official inflation rate.

Bro, for Dutch Lady UHD Milk - next time go TESCO buy 1 dozen - cost less than RM5/box when sale (last year). And if you use MBB 2 AMEX, get 5% cash rebate on Sunday and Saturdays PLUS 5XTP which works out total 7% savings.

Maybe it is time you go get credit cards and save yourself money. Click here to read my article The Best Cash Back Credit Cards 2014. With the right combination of cards, spend RM2K/month on necessities and you can earn yourself RM170/month in cash back.

As for fags and liquor, it's forever going up and it is not a necessity for survival. We call it Sin Tax here.

This post has been edited by Gen-X: Jan 13 2014, 09:12 AM

Called BR just now. Starting Dec 2013, they said no more nego rate for 12 months.

The girl (ABM not in so have to talk to an officer) proposed for me to renew my FD to 25 months, can get extra 0.05% i.e. 4.2% (just BM approval). She claimed that going to HQ can only get extra 0.01%.

Oh, ................

BoomChaCha, how is your rate from BR ?

This post has been edited by bbgoat: Jan 13 2014, 11:55 AM

That girl verbally punya talk can pakai or not...even my branch that can't nego for more than 0.10% rate, kiam siap in gifts, no invitation to lunch/dinner & never receive hamper from them; have mentioned to me that if my amount reaches 100K, I'm entitled for an extra 0.10% rate irregardless of the tenure of the FD.

For your case, 12-month tenure & getting extra 0.05% is deemed as lousy deal lo

Hey kiddo, rates change with time. When was the last time u were in BR ?

Note I said 25 months 0.05% extra (read carefully !!), to you extra extra lousy ??

This post has been edited by bbgoat: Jan 13 2014, 01:22 PM

Ini Scrooge apek memang

"Lousy deal" not compared to my extra 0.10% for 100K la

It's meant to be compared to your previous rate of 4.20% for 12-month placement. 25-month only can get extra 0.05%, so really lousy ma

Yeah, I know...rates change with time

Don't worry la, peeps...sometimes extra 0.05% doesn't give that much extra...not worth your headache.
I think I'm gonna put some into Mach HL's 3.7% for 6 months. It gives very decent rate and doesn't tie me in for too long, just nice. Nowadays, don't know what can happen also if park your money in too long or too short, lol

Oh, so you also didn't receive any CNY gift from BR this year?

Captain, to subsidize petrol forever as long as our oil fields still have oil, why not?

Middle East countries like UAE, Saudi Arabia, and Brunei offer very low petrol price to their
civilians..then why not Malaysia?

I do not know if Captain aware of this? Right after last year election, our post office suddenly increased international postage tremendously during May 2013, and consequently all internet sellers suffered from loss and even closed down their online businesses:

https://forum.lowyat.net/topic/2816344

I mean increased of international postage is also part of inflation in Malaysia..



I just bought 3 packs of Farm Fresh 2 liters low fat milk from Aeon Big 2 days ago, RM 10.98
per 2 liter bottle.

Tesco..ha.ha, they are selling cereals got damn expensive lately, especially Post brand, Tesco
is selling RM 18.90 whereas Giant is selling RM 14.00; Tesco brand wheat biscuit 48 pieces used
to be RM 16.90, now RM 19.90..



I think I have to learn this credit card technique from you to cope with inflation..
But I spend less than RM 2K per month wor..

I agree..

Starting from Dec 2013, no more nego for 12 months ----> This is not true.
I got 4.15% for 1 year tenure during first week of Dec after BR dropped the 1 year rate from 4.01% to 3.96%.

Warrior, I heard FD less than one year tenure is not negotiable wor..

Yes, the rate is not as good as before.

BR has CNY gift? Are you referring to CNY hamper? If it's CNY hamper, then no...haih

I'm always not among the selected few or the lucky ones to "gain" anything from BR

Yeah, not even a hamper this year

Oh, really? I'm not aware of that. Most probably because I have no intention to place FD for less than 12-month
But that info was told by a BR exec when I made a call to them last month.