Thanks for the HLB 3.95% update.

But why didn't you take UOB 4.05% pure FD for 12 months?
UOB offers better rate ma..

Just wanted to spread out my FD in different banks.

Actually FD return is not that good. I was quiet for a while because I invested into property last year and I get 20% to 100% return.

Invest in property can get 20% to 100% return within a year..?
But you need to pay 5% tax, right?

Ah Boom, some of us likes to spread out to diff banks for the FD.

gsc high return from property !

This post has been edited by bbgoat: Oct 22 2014, 10:06 AM

i m sure u r right. i think what happened was this:

.. before Oct 16, 3.85% 12m no need casa, 4.0% 15m need 10% casa
.. after Oct 16, 3.95% 12m, 4.0% 15m, both no need casa

between oct 16 and yesterday, diwali holiday mood, internal memos got lost, some staff dun read memos...!

fd is not inv as we all know, just a risk free savings.

property: in 2007-2010, u can get 500%, 1000% roi within 2 yrs.
now, i doubt it. probably can still make decent roi but illiquid, long time to sell.
if can accept lower roi and take certain risks, sure there still r good deals out there.

Thanks Bro, will update Post No.1.

To ALL: I know many of you guys here contribute a lot of valuable info; however, there are rules and regulations in this forum, therefore please do no spam, e.g.. posting 2 or posts in a row. Use the edit button instead and copy/cut and paste.

This post has been edited by Gen-X: Oct 22 2014, 11:03 AM

hi all,

Bank Rakyat is not protected by PIDM but according to this website, it is protected by government under Ministry of Finance...can anyone help confirm this?

https://ringgitplus.com/en/fixed-deposit/Ba...-Account-i.html

thank you!

Yea, FD is more like savings for the extra cash in hand and not really investment. Lately also not following the promos already cause playing with DCI.

Properties these days quite high price already, still can get so high return? Maybe I should look into it.

Yea, FD is more like savings for the extra cash in hand and not really investment. Lately also not following the promos already cause playing with DCI.

Properties these days quite high price already, still can get so high return? Maybe I should look into it.

Yesterday when I sent the first reply, it said due to certain rules, I have to wait for 15 (? Can't remember sec or min) and post. I thought did not get through. That is I why posted again but I was lazy to type again and simplify it. Once press reply,I saw my earlier post was also accepted.

FD is not for those in wealth accumulation mode like our Captain said.

DCI ?

Property is good to go in but unsure which one. Penang property getting higher & higher. But still good to spread out some bullets.

This post has been edited by bbgoat: Oct 22 2014, 12:54 PM

A temporary place to put your money until you know what better ways to deal with it.

Dual Currency Investment. If converted then move funds overseas.

Oh boy, have not gone into this before. Only for sophisticated investor like Ah Flo. Good for people like our Captain where he may need funds in Aussi dollar ?

do you mean 20% to 100% property flipping return EXCLUDING the followings:

bank interest (usually already 50% of the gross gain)
property maintenance fees
legal fees
stamping fees
Renovation & Repairs
cukai tanah
cukai pintu
property gain tax
agent fee (if rented)
tenant quit rent
GST
etc

Its true. So what is it that you want to know.

High risk high return.

FD is old man tools , that is for those not willing to take risk. Best property is landed one, but location also matters. I heard banks rejection of property and car loan quite high nowadays. Talking with a developer a few days ago, it seems one of his project has a rejection rate of 50%.

Alliance Bank. 3.9% for 12 months.
http://www.alliancebank.com.my/efdpromo

I was tempted to go into DCI but now with AUD currency & interest rate so low, abit scared.

I think FD is not totally old man tools. It is an asset class. So even young people can have some bullet in it as part of his asset portfolio.

Foreign currency fluctuation will affect the yield. Maybe part of the fun of doing DCI ?

Cash (in FD) is KING

Old man are wise man And if one is going to heaven soon, I guess no point to be in wealth accumulation mode, hahahaha.

Old man expenses not much (mainly medications and utility bills), with FD, they get guaranteed income (to pay for the medications and utility bills) and no headaches (e.g. funds stuck in Share Market during bear market, no need to attend to tenants' complains or worst tenant not paying rent or shop house got burned).

Another thing, old people not many have medical insurance, thus need cash when hospitalized. Moreover, a RM3M property is not going to pay (in time) for one's intensive care bills to prolong one's life that's for sure


Everybody need cash in hand no matter at what stage in life.

Many young people (fresh graduate who are employed) are cashless (no savings) nowadays because they burn away their disposable income on unnecessary lifestyle (Jap restaurants, Alexis, Starbucks) and new gadgets (when their current model is still working perfectly) by signing up for installment plans and getting a Myvi with 9 years loan instead of getting a second hand car (or even maybe taking public transportation). Imagine the money they will have in years to come if they had used the money to repay loans and instead deposit it in FD. And what ever money saved can also be used to pay more down payment for a home and thus saving themselves in interest charges. And, FD is way better place to save money versus Savings Accounts.

Yeah, playing DCI got thrill unlike FD

This post has been edited by Gen-X: Oct 22 2014, 06:13 PM

Gen-x sir,

You didn't reply my question yet. Although it is off topic. Can I used ASG/FD to apply for Maybank 2 Gold card? I am not working yet (studying) but I can use those cards to earn money after reading your post rather than using cash

In ASG and FD, I have >RM50k