Fund Super mart. You can check out the thread on fsm a online platform where you Can buy unit trusts, prs without paying for the agent new car/new house/ holiday.

This post has been edited by Ramjade: Aug 13 2015, 10:21 PM

https://forum.lowyat.net/topic/3633445

One of the fund , financial year is end of this month , I got to go open it asap....hehe

On 1/9

Is it? I tot is 30aug

30/8 still suspended for txn

you sound like a very matured student, definitely not the typical type we all know, play dota etc.
you seem too well informed , frequent here often ,and also "too rich".
Part time student with income from work?.

Suspension Of Transactions : ASW 2020
25 - 31 Aug 2015
http://www.asnb.com.my/pdf/BERITA/2015/EN/...g%28C%29%20.pdf

Full time student with part time income from online sales. Very small (about Rm100/month if it's good. If no, then just rm20/month or sometimes zero) Let's call it a hobby of mine maximising returns and learning new ways to make money legally. Have yet to try out stock market and UT. Or maybe I am too obsessed with getting rich. Haha...

Initially was just doing FD at board rate for years. Then decided to step into LYN Finance section. Voila. Learn about promo rates. Decided not to be "generous" to the bank.Why should I help banks to become richer by placing at board rates or placing at not so high promo rates? Get the best deals. Join musical chair or rather go with affin promo. The highest rates with pidm in town. Found GenX's blog and Read all of Gen-X's post from start until finish and got a burning inspiration from him with new knowledge. Banks and government must work for you and not you who are working for the bank/government (giving banks/goverment free money). The inspiration is still there.

Still not satisfied. Check out ASX thread. Then decided to try open ASM. Now feeling quite satisfied. But next on the list is going to learn stock market to buy reits.

Decided to stick around and help others.

I have seen my friend who shops like Rm700+ of shoes and clothes and then complain no more money. Try helping out some friends by giving them some advise, no one was interested except one. So that's that. I just keep quiet and go about my own ways.

Goal in life is retired and live off and interest or dividend without touching the principal and taking my parents on overseas vacation at least once a year. The least I can do for them. Fancy cars, foods, shoes and clothes does not interest me. One must give something to gain something. Nothing is free in life. One gives up the enjoyment of life now and reap the fruits later. Also be healthy now, rather than be sickly when you are old.

Until today I don't event know how to play dota. well I did play counter strike and call of duty against bots. That's about it

This post has been edited by Ramjade: Aug 13 2015, 11:34 PM

Why didn't I meet you when I was in college?

Btw, just an advice for you. In your pursuit to being a millionaire, don't be too greedy or else you might lose all.

All the best to you bro. Salute you

This post has been edited by ohcipala: Aug 14 2015, 12:04 AM

you have to fail sometimes if you want to success

its envitable journey to success

Oh I did. Put foreign fd aud (that time was 5%)with hlb for one year. After that aud went downhill. But I think 5 years. Effective returns = 1%/year. Decided enough waiting. Withdraw and put inside ASM. 1% also better than nothing.

Silver with Maybank rm2k there. Until today, cannot withdraw or give bank free money.From Rm3.XX to rm1.XX. I didn't think the Spread was too big

ASG value, wipe out a lot. From 1.2, it became 0.9. Didn't count in the 5% SC some more.

So yeah. I learnt my lesson. Never dived in without knowledge. If want to invest. I thought it was perfect investment that time. How can aud depreciate? Aud is a white people country with good economy and management. Sure go up one. Silver and gold are precious metal. If drop also sure rebound. World needs gold and silver. Ah, ASG is stable. Fluctuations will minimally affect my cost.

Lesson learned
1) Banks will not let you win. You are always on losing site if you want to open foreign account with bank.
2) Again. Bank will not let you win. Their spread is big to ensure that you don't win.
3) Something calm like ASG have its dangers
4) The world is unpredictable. Anything can happen.
5) Stick with something guaranteed and consistent.
6) Seeing that banks will not let you win, only option is exploit them too the max. No more giving them free money.
7) Going to put #6 to good use when I can apply for a credit card. Banks will never gain any money from me via late payment or AF. Going to call up CS and ask to arrange my payment date to this xx date. Going to deploy GenX's method of 1 month eFD on max how much I am going to spend for that month. Upon maturity and before payment date dump into Ambank Truesavers /m2savers. If there are any balance, bring forward to next month. After that pay my bill on time. About AF, I can't post as it is considered illegal. So don't asked me.

This post has been edited by Ramjade: Aug 14 2015, 05:30 AM

Few people ask me why are you so stingy? I told them for what I spend money on useless things? Did advise a few people. "All of them say, not interested. Not working yet. When working then only I learn all this." In the end I let them say what they want and do what they want. Their money is not mine money. I sleep better knowing that my compounding interest is at work without needing to lift a finger. Let them enjoy their life. Once they started working they will be shocked no savings. That time want to buy car, pay loan, buy house, pay credit Card OB, they will have big headache unless they have bottomless pocket seeing that they don't have any immediate plan for the future. Will be easily coned by banks and end up working 2 jobs. One their normal job. Another one is as GenX mentioned making other people richer (banks in this case).

I think i learnt to control my greed already. Thanks to this forum, I am able to consult with sifus first before making any more decision.

Thanks for the advise.

This post has been edited by Ramjade: Aug 14 2015, 05:42 AM

Hmm Ramjade......
Seems like.... Really thank god person like you do exist in Malaysia!!! But if everyone like your thinking, our economy will halt and entertainment will down too. Hahaahahaah. I think most sifus here only able to rely on money market, bond, blue-chip, telco and REIT. Haha.

But yeah, keep it up the good work.

Me too. Having mission. Planning to buy semidee in Sngor and my dream car in future. Having ability to buy my favourite gadget. Enjoying life after work. Now just save save and save.

Oh yea and btw, based on your situation, I can make a wild guess that, you parents give you the control of family finance, and they do listen to your advise, and you are being the youngest sibling. Correct?

This post has been edited by [Ancient]-XinG-: Aug 14 2015, 07:46 AM

If you have not seen any movie, you should go out more frequent!

=

If you have not read a book, you should ...? (can't think of a similar closing for this. Ha).

Seriously, I cannot recommend enough for this book

5 Lessons From A Millionaire Friend On Health & Wealth (check bookshop or Amazon for more details)

Being rich is not about how much money one has but the mentality behind it. Thus the 5 lessons.

They say about 80% of lottery winners went back to their old financial status 2-3 years after the win. So ...

All the best with your awareness-knowledge-skill-mastery journey at this young age!!!

Cheerio.

SemiD? Nah. Not for me. Most is a double story terrace house will some small land inside to plant my own veges.

Kind of true. But you didn't guess all correctly. Handle family finance no. Handle my own finance yes. Listen to my advise not really. They only listen to my advise on FD musical chairs (use to put board rates) and ASX. Asking them to use credit card, until today no. They still prefer cash. Asked to open a CDS account kena reject strongly.

By the way, how you know?

Why should I go watch crappy movies? I usually go for marvel movies and movies which friend said are good. Tgv ticket are RM14. The last I checked (few months back). Besides I usually go and watch when the movie is not so popular anymore. Less people, less kids screaming, less people with phone on, less people walking up and down.

Second, watching movies mean you are supporting MAFIAA of America. They are not somebody you want to support. There's always free WiFi at Starbucks.

Thanks for the recommended book. Will look into it.

I think you mis-read my reply. I was not questioning your cinema patronage. I was trying to come up with a similar line for reading book as the movie line (heard that line in one movie promotion as I expected that guy to say "If you have seen any movie, you should watch this movie". Instead he said "you should go out more frequent". Good punch line!

I cannot remember when was the last movie I watched in the cinema. Must be at least 2 years ago. I like watching movies but on tv at home. Free mah.

Cheerio.

Just a wild guess.

And I think you shouldn't use the public WiFi that often. Its really vulnerable to data stealing. Esp you doing banking thing.

And I love to watch movie. I mean, a lot! But often due to time, really often miss the nice one.... already 8 month dint step into cinema. TGV have early bird and student promo. 9MYR for all.

Don't worry I use a VPN when I am on public WiFi. Hehe... One Cyberghost license only RM45/year. 5 servers. More than enough for me, If you know how to use say android TV/chromecast, with Cyberghost VPN, one does not need Astro provided one have access to high speed internet.

Why do you need to open it asap before 1/9 ? OPen the account when there are available units,..most likely after the dividend has been given at at the end of the current FY.