Its a special rate for employees of the company im working in. From one of the local banks. But not MB/CIMB/BR

My company are giving PL for 1% a year, with reducing rate

Wow thats great! happy leverage!

wow! any maximum amount?

lucky u

rm5000

Hi guys,

I'm currently having 9k in my Tabung Haji account.

I'm planning to get married at the end of this year, and have been thinking to put my money in short term FD. My friend said probably I can put my fund into 3- month FD, then bring out it again, and put the fund again into same 3 mth FD, to grow my fund.

can I actually do so?

how much "interest" (Hibah/Mudharabah or what is the correct term) will you get from TH if you keep until end of the year?
RM 9000 x 4%pa FD (app FD promo rate) will gives you approximate RM 30 per month interest.
Multiply that by the number of months in FD.....you do the maths...

This post has been edited by MUM: May 1 2015, 10:20 PM

Yes you can. Even a shorter one month FD is possible.
To make it easier, set it to auto renew after it matures.

what does pa % for FD means actually? is it X % pa divides with 12 months?

oh, interesting. thank you for this info.

Fixed deposit interest calculation

In Malaysia, banks normally quote an annual interest rate for fixed deposits. For example, the interest rate of a 3 month fixed deposit may be quoted as 3.05% p.a. (p.a. is also known as per annum or per year).

Fixed deposit interest is calculated daily, but to simplify the calculation, we will show the calculation based on months.

This means, for a RM10,000 investment, the total interest earned on this particular fixed deposit investment is:

RM10,000 x 3.05% x (3 months / 12 months) = RM76.25

The interest earned calculated in the example above is only an approximate figure.

https://www.imoney.my/articles/fixed-deposi...u-need-to-know/

Hello,

Currently i came across this idea of quitting my job and start my own business. Currently work as pharmacist in gov sector. Reason is I dont quite like the idea of reshuffling the workplace as this will disturb the whole timing of my daily routine/activity.

I dont know if this is the right thread to ask. But here are the pros and cons from my point of view:

Continue working as gov servant:
The pros:-

I can continue enjoying gov health benefit, 4% flat rate housing loan.
6k salary for 6 years working. Not a bad pay. The increment also not bad.
Pension benefit.
More secure.

The cons:-

Saya yang menurut perintah. If suddenly they want me to work somewhere else then nothing I can do about it
And if that place is operating 24h so meaning there will be night shift and less family time.


Quit and open my own pharmacy:
The pros:-

More flexible with my time. No more 8am-5pm routine.
With the right location, the salary can easily triple my current one.

The cons:-

Not secure. Risk of failing is there.
Lost all the benefit from working with gov.


What you guys think? And want to get advice from people with business background here, if i want to open my own pharmacy, what i need to learn first before starting up my own? As for now, except managing inventory i dont have any fundamental skills or knowledges in pharmacy business.

Let me know if my question is not suitable in this thread.

Thanks.

Go on full force if you have ways to sell your products much cheaper than bigger store or else dont ever think about it .

This post has been edited by UnchainedLullaby: May 12 2015, 01:32 PM

You can't, basically. Those chain stores are taking in bulk and distribute while if we are opening our own, we can't just take in bulk.
My mother working in Alpro and their stock easily touches rm1M.

If you are thinking about having more flexible time, its going to be a long trip ahead.

So many pharmacy already. Opening a shop needs to have something different that can attract people. Like LOW prices.

Opening a biz means taking care of staff. People rely on you for their living, are you ready?

Good partnership!

Maybe can take a look at this Debt management site. Its got a nice storyline.

This post has been edited by tboxmy: May 12 2015, 04:11 PM

well the good point is that you know what you wanted...

1. ROI if rental are lower than 1% now.
2. Share need to learn? You must be joking. Just look for the highest volume counters, get some insider info(from securities), you can make as high as 5000% of profit.
3. if now you want to cash out, how much is that rm10000?

1. unless you get the outskirt, you may make some.
2. buying share are same like gambling.
3. lose money already.

Hi sifus here..
Need your opinion..

I have savings about 100k..(spread between ASB, ASB2 and Tabung Haji)

My house will be completed by oct 15 and I thought of allocating about 40k for the necessities…

So, I left with 60k…

I have this car, another 7 years to go (loan for 9 years)..the balance at the bank is 32k, when I check the settlement the bank said can pay 27k..(disc/rebate around 5k), the interest is 2.98%

The question is, should I proceed to settle the loan…or should I left it at my investment house??