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

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/

% in net worth?
there must be some big different in scenario/circumstances between a net worth of RM 50k, USD 50k, RM 200K, Rm 30k...or etc,etc...
just thinking....

if the amount is not big....and there are "Many" other things that you had mentioned that you intend to do (just not sure when)....guess cash heavy with ease of liquidity is the way to go...until you had planned the (timeframe) for other heavier investment like, house, car and setting of a family...
no right or wrong...just individual preferences of how one wanted to max the assets.

does it mean those that knew the basic (and those that are experts) will not lose money?

less chance is nOT "you will not lose your money"

try work backwards...
how much do you want to have before you want to migrate?
how much to you want to leave behind here as a legacy?
how much do you want bring over to NZ?

how much do you current have? what is your net worth now?
how many years till your intended migration?
how much more do you need for the migration?

after having had some figures, (value and time frame)..then it is easier to set your sights and plan what to do?

there are some tools in the net that can give you some added info...
ex....
https://www.kenangainvestors.com.my/KIB/KIB...dependence.aspx

http://www.moneysense.gov.sg/

This post has been edited by MUM: Mar 2 2016, 10:59 PM

then why not pay off the one with the highest interest rate first?
why do you want to pay partially for the 3 cards instead of paying the one which is charging you the most int rate?
may i know why?

why no more people advertise?
maybe their posting kena removed and kena suspended before for doing advertisement in here?

wongmunkeong, Ramjade, dasecret, and OTHER Forummers if possible.....
feeding will prolong their stays......
thks

This post has been edited by MUM: May 4 2016, 11:35 PM


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Better return against what?
Dependings on what UTs you bought, when you bought it......the returns "may" be higher/lesser.
There are many other "investment" that can gives better..can you stomach it?

This post has been edited by MUM: Aug 4 2016, 12:13 PM

how does rate of returns affected by how the UT mgr earns money?

try read info/tips from this site, it has useful info that is easy to read, non biased and informative.
http://www.moneysense.gov.sg/Financial-Pla...-Resources.aspx

just my 2 sens
most would advocate having a cash buffer of 3~ 6 months of monthly expenses in Emergency fund will never make you feel don't have liquid cash when needed.

housing loan interest is 4.5% (approximate),...get a financial planner (not those that insist of you buying their products and only buy from them -- conflict of interest----between your real interest and their commission-mah) to help review your risk appetite and do some investment that can "TRY" to get anything above housing loan rate.....

without going for financial planner, a simple one, I can think of is, ASX-fixed price funds......(to me it is secure, liquid and usually paying > housing loan rate.)

do you have an exit plan if you are not able to work any more,......housing loan and daily expenses how?
transfer this risk to somewhere.....have you done that?

......my 2 sens are obtained from that website with link provided....

should be Personal accident insurance plan
sort of this for example....
https://www.aia.com.my/en/our-products/acci...versary-pa.html

can I calculate like this?
if used the money to pay car loan = saved RM 5700

if used that money to put in the flexi account will get 4.15%pa......
you need to calculate the amount she would earn by the same duration of the balance of the car loan duration.

which one more untung?

Car loan for rm64000
Interest rate is 315%
total number of Months instalment paid = 14 month

What is the total number of months more to paid?
What is the monthly instalment to be paid?

Btw....i read b4 that "they" only pay one just some token of appreciation for early repayment.....there is really not much of financial benefits for early repayment if one have a flexi loan to trade....but then hv to consider the balance of loan duration to go too......for car loan interest amount had already been factored in the repayment amount......vs the amount one can untung from the time in the flexi loan
Well...just guessing.....non financial mind person

while waiting for responses...
you can check this tread for some added info or ask there........

Fixed Deposit Rates In Malaysia V. No.15, Strictly for FD Discussion Only
https://forum.lowyat.net/topic/4154481

while waiting for responses, you may want to try this for added info....

Getting Started

It is never too late to start taking control of your money matters.
Get started by thinking about how you manage your money everyday and what goals you have for the future that will cost money, e.g. further education, a wedding, your retirement. Financial Tools can help you with basic money management, like setting a budget, working out how much you need for your goals and how to go about achieving them.
MoneySENSE guides can help you assess insurance products for your healthcare and also to protect your loved ones. We can help you understand debt and how to manage it. You will also find information to help you build up some basic investment know-how as well as guides on common financial products. Get started by clicking on Financial Tools now.
http://www.moneysense.gov.sg/Getting-Started.aspx

on this....
"... just dump my end of month leftover moneys to random (safer) stocks my friends recommend and let it seat there (to date maybe 6x monthly income seating in stock value), I view it more like liquid cash when I need it I can cash it out to use (most likely for down payment of first house or wedding fund), if stock market crashed, its my extra money leftover at end of month so it has never impacted my lifestyle. "

if the stock market crashed...your asset in the stock market will be reduced by maybe 30~40% and stayed there for many months......thus your presumed 6x monthly income will be left with maybe 3~4x income,,,,,
will it impact your lifestyle?....maybe, maybe not....depends on the type of work you do and how the company perceive the worthiness of your contribution .....for history has show that during market crashes.....some industies will be impacted the most...some may close and some will have not much impact at all.
it may impact your investment profile too....for during that time you may "chickened" out and pulled the money out of the stock market by wanting to wait for a better opportunity to reenter the markets later....
it may impact your lifestyle too...having commited to housing loan repayment at at level commited while the market was good....if lagi worst if the job earning was good and available only for/during the good times.

read and understand the moneysense site......i liked to read it over and over again when i am free......hope you liked it too.

This post has been edited by MUM: Apr 29 2018, 10:51 AM

Not an expert, but IF you really wanted to save 2k.....
Pay this 2k to another a/c first thing after each pay check....

use the balance to pay....(2750)
- house rental - rm550
- fuel n tng - rm600 (travel 80km daily)
- personal loan - 500
- housing loan - 600
- parents - 500

then use whatever balance for
Food, misc.....(reduce, cut down, eliminates if necessary)

then use whatever still balance every month to dump into that saving of your......

what you think?....

the is always a trade off between what you want and what you have....
try get into another loan be it a new car loan or a new housing loan AFTER you have settled your current PL and housing loans?

unless you wanted to save lesser or increase your income.....