ASB - I have done some calculation base on RM200,000 (the max that you can put in ASB), check it out. This is on the assumption that ASB continues to give out good bonus and dividen. In this case lets take 12% per annum fix.

Rule 72 = if you want to know how long your $$ will double up base on compounded interest (bonus/dividen).

72 / 12 = 6 , so your money will double up every 6 years.

year 0 = RM200,000
year 6 = RM400,000
year 12= RM800,000
year 18= RM1,600,000
year 24= RM3,200,000

This what happen if you reinvest all the bonus/deviden earn every year.
thats about retirement time or early retirement time.
to make this work you need multiple account of asb (wife, children, etc)
or sourced to other "Managed Hegde Funds" aka "money machine" to work hard for you, but make sure they have good yearly track record.

Compounded Interest is the Best Invention of the 20th century.

This post has been edited by Sham903n: Jun 23 2007, 08:02 PM

bonus ? or dividen ? or.... lemme think!

This post has been edited by Sham903n: Jun 24 2007, 03:34 PM

thank you for the enlightenment! Back to the drawing board.

Good day friends,

Just wondering is the Maybank ASB Merdeka Package Promo worth it?

BLR -1.75% (first 2years)
BLR -0.75% (after 2 years onwards)

Thanks