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 Maybank Premier Wealth, What about this investment compare to FD

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cozeyzero
post Aug 5 2014, 08:40 PM

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From: bangi & hang tuah town!



QUOTE(Fork @ Apr 20 2014, 12:19 AM)
Hi, i am new to investment thingy. For the last few months I have resorted ways of positioning my savings into an investment, from FD to forex. Until recently i had decided to abort the FD and recreate an account for E-FD so to ease my deposit.

Upon cancelling the FD, i was approached by a banker who mentions about equity funds that provide more interest than current FD in a short period of 3 years. I was interested so have decided to sign up for this.

Any expert care to shed some light about this? I wont mind to bleed as the result of this as i still have some basic savings each month.
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bail out of it. dont put your money on something so insecure. remember why FD was good? because we got nothing to be scared of. How bout your current investment?
cozeyzero
post Aug 6 2014, 07:54 PM

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Junior Member
160 posts

Joined: Jul 2009
From: bangi & hang tuah town!



QUOTE(Fork @ Aug 6 2014, 01:57 AM)
Right now my account is being deducted monthly of rm500 for this investment linked fund, supposed that fd requires min 1k per month, i m still saving another rm300~500 per month.

The rest of my salary is for food and travel and etc expenditure.
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its a bad move sir. tell us more about what do you expect from this investment you made?
cozeyzero
post Aug 7 2014, 03:25 AM

Getting Started
**
Junior Member
160 posts

Joined: Jul 2009
From: bangi & hang tuah town!



QUOTE(Fork @ Aug 6 2014, 01:57 AM)
Right now my account is being deducted monthly of rm500 for this investment linked fund, supposed that fd requires min 1k per month, i m still saving another rm300~500 per month.

The rest of my salary is for food and travel and etc expenditure.
*
okay now. so if fd costs you more less 1k, while you just need to spend 500 ringgit on this new investments, which you assume you did save another 300-500, what did you do with the said money? did you simply put them in the bank? because if you do, then isnt it better to make another investment, a new account perhaps similar with the new 500 investments you made?

if you dont put them in the bank, you dint save anything. you just have more money to spend, thats all. there is nothing wrong for both situations but yes, you might want to avoid thinking "i did save 300-500"...

investments comes with a risk. no risk investment, we call them fixed deposit. thats all. even buying a house as investment was a risk. who knows the gov decided to put your area as not safe area, then your house will worth less like 10% for that reason. its a risk.

so why do I ask you to bail out of the investments? You can do a lot of things with your money. A lot. sell some stuff. do some easy business. if you are up for such investments, cut the middle man. do it yourself. you know, lots of people keep paying so called financial consultant for 500 ringgit per session, just so they got someone else to tell them how to manage their own money. you? what do you have to decide.

QUOTE(Fork @ Aug 7 2014, 03:10 AM)
Mind sharing what is wrong with my move?
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