I'm interesting of this

- Use Maybank2Savers/Ambank True Savers and 1 month eFD from Maybank (3.25%. Results can only be known next month)

Definitely , if I open this few days, Is that I able to enjoy the dividen or distribution by end of August for ASX , I can't remember which of that fund.

wow juz wow

seriously if u tis for next few years.. confirm u way better off then most of people in your age band

- Maybank2savers give you interest of 2.25% provided if you have >RM2000. Unlimited withdrawal/transfer
- Ambank TrueSavers 2.8% on any amount. Gives you only 3x/withdrawal a month/ which includes IBG to Truetransect/other bank and ATM.

What I do is I leave a buffer of ~RM400 inside M2Savers (no interest) to prevent closing of the account (need RM250 to maintain). This is also for in case any refunds for my customers (which until today didn't happen). I cannot touch the Ambank account or else they will charge me RM5+ if I exceed my 3x limit

Any unused money is dump into there generating 2.8% interest no matter how much the amount. What I do is ask my parents bank into my maybank account. Take what I need in cash. Any balance dump straight into Ambank until enough amount to place 1 month FD.

When amount is enough (RM5k + interest from ambank) transfer back to Maybank and put Maybank Islamic FD and leave RM100 inside Ambank. Saw this on FD thread. Most one month FD will earn you 3.15. But I happen to see a screenshot which shows Maybank Islamic FD giving 3.25%. Not mudarabah. Name is Maybank Islamic Fixed Deposit No brainer which you will choose. For me I don't care islamic ke conventional. Main point is they give high interest.

Lock up money inside there for 1 month (this require few months - accumulating RM5k). Why 1 month and not 1 year? In case I need the money next month. You never know. Besides why go for miserable 1 year FD board rates when I can go for higher promo rates? I don't believe in working for the bank. I believe in squeezing every drop of money from the bank.

After 1 month, auto credit principle + interest, back into M2Savers. Transfer savings for that month into 1 month eFD and repeat the whole process. BTW, I just started doing this only this month. Before this using only M2Savers.

Why not OCBC eSavers? Because although OCBC eSavers give 3.05% (now promo is 4%), you cannot withdraw money or else the account drop to 0.5% for that month. Ambank can withdraw up to 3x/month. I have yet to find other good savings account.

I am in the process of transferring FD into ASM. Just hope that's crisis is not resolve until I transfer 80% of my FD into ASM. Or else later no chance.

When do I put ASM?
1) When I am on holiday. So if got holiday, all money dump into Ambank if maturity date cannot fall on the day when I go back. If can, eFD with Maybank and autocredit into M2Savers. Use money in ASM to top up. Any FD matured during my holiday, uplifted and place into ASM. Early morning on the day I go back, transfer from Ambank into M2Savers.
2) When FD matured and I am not around, my mother will uplift and dump into ASM (FD account joint account) . Mother not working so can help me. Father is working. Same time she try luck for AS1M/ASM.

This post has been edited by Ramjade: Aug 13 2015, 07:00 PM

Nope. You can only earn dividend when you deposit on say 31/7 or 1st/8. Deposit on 2/8 - 31/8 won't earn you dividend for the month of august. But they will earn you dividend starting Sept.

But seeing that opportunity like this does not always come, I recommend you to just taruh. Don't wait No dividend also nevermind. Main point is you know you will get dividend starting the next month.

This post has been edited by Ramjade: Aug 13 2015, 06:57 PM

Same lor. My main shoe for jalan2 is from bundle. A bit buruk but branded & comfortable. I also got tonnes of bundle shorts & t-shirts. Good quality if ppl can get past the fact they are bundles.

I would like to open Asn 3 account. Is it advisable ? Or there are alternative? We t to Cimb today to ask about pRS but they suggest asn3. I m new in this.. Need advice

1. Are you bumi or non-bumi?
2. Did CIMB try to sell you any products? Don't buy from banks. You can buy online as FSM and save the service charge. Why want to give the agents free holiday/new car/new house?

Read Post 2285

This post has been edited by Ramjade: Aug 13 2015, 08:09 PM

I m non bumi.
How to buy online? And is asn3 ok or I should consider other? Mainly to put in over time some amount for saving for retirement

Bro, the so call dividen are declare once a year, correct me if I made mistake

To all. Health is important.

Its pro rate.

Yea. Now is the best chance...

See my edited post regarding which want you should buy. Sorry. I point you to the wrong post All funds EXCEPT ASX can be bought via FSM. Charge you only 1% SC. Buy from banks will be charged about 5%

Couldn't agree more. If you are of poor health, it could wipe out your savings. That's why I don't smoke and drink. Eat lots of fruits and veges.

U need to sign up medical Insurance to cover unexpected events

I do not use medical insurance as both parents are working in the government sector.

Also, any unexpected events, we use government hospital service.

I agreed with supersound on this. Medival insurance, easy to pay, hard to claim. More trouble than worth it.

Medicine also same. You are paying for personal waitress, and hotel room.

This post has been edited by Ramjade: Aug 13 2015, 09:25 PM

Yes
In addition, each Fund have different financial year end

1% SC? I thought 2%?

By default, 2% for equity Funds except during promotion

Sorry, what is FSM?