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.


Lesson learned
1) Banks will not let you win. You are always on losing site if you want to open foreign account with bank.
Input : If the currency you have chosen has a high FD rate, then you will earn the higher rate compared against putting in normal RM FD. Otherwise, it's not feasible, unsless the currency appreciates a lot against the RM.

2) Again. Bank will not let you win. Their spread is big to ensure that you don't win.
Input : The foreign currency concerned has to appreciate a lot vs the the RM,... then you will be able to convert back profitably after absorbing the spread.

3) Something calm like ASG have its dangers
Input : Certainly,...I have purchased this too, but not big amount. That's why must diversify, not matter how good the investment looks. Always be careful and not be tempted to put all eggs into one basket no matter how good the instrument looks.

4) The world is unpredictable. Anything can happen.
Input : See no 3) above.
 
5) Stick with something guaranteed and consistent.
Input : I'm afraid,... for myself,... I would think that in today's times, there is nothing that is guaranteed and consistent. We should consider ourselves lucky if we have built a portfolio of instrumnts that can 're-balance each other's performance',... say if this falls, then another instrument that we are holding somewhere should rise to offset the another's fall.

6) Seeing that banks will not let you win, only option is exploit them too the max. No more giving them free money.
Inut : We don't call it exploiting them. Everybody must make money,... the banks have their own due diligence, so should we.

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.
Input : Good planning thre.

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

YOu are smart, bro,... I started late,.. I too lived frugally when I was young,.. kind of like you, except for the GF part.... I read your posts, no GF yet for you. Bro,.. balancing a bit is okay. YOu would want to get a life partner too in future, right ?

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.

Good points again, bro,... it's good to pick-up these things from the younger generation. Our own kids will never tell us these things on their mind. I'll know how to advise and watch-over my kids now.   

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.

Went to apply ASX , no single of fund available? Luck doesn't belong to me ...lol

Went to apply ASX , no single of fund available? Luck doesn't belong to me ...lol

i believe the fund is there at this moment. just that the staff are so used to 'quota sudah penuh' in the past to even try to open an account for u.

just got to go bank shopping and hope you find a kind officer

Good points again, bro,... it's good to pick-up these things from the younger generation. The kids will never tell us these things on their mind. I'll know how to advise and watch-over my kids now.   

"Because the strong man who has known power all his life, may lose respect for that power, but a weak man knows the value of strength, and knows... compassion"

I will try at ur mentioned place or pnb office...

ASM higher chance. Tell them if got empty units, I know can open account. Can you please check? I tell this in all my post everytime someone said cannot open.

ASM higher chance. Tell them if got empty units, I know can open account. Can you please check? I tell this in all my post everytime someone said cannot open.

I seen they had check , but doubt whether they are in utmost good faith or not ...

ASM should be able to open easily at asnb branch siince they can see real time how many units are left.

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.

Went to apply ASX , no single of fund available? Luck doesn't belong to me ...lol

u sure about it? u ask them? 

yep. the first time after i opened my asm account, that dude tell me got 500k units available if i have money. lol.

the second time i went to open asw and as1m, they told me no units available. then asked me what account i have, which is asm which the dude tell me can topup if i want

yep. the first time after i opened my asm account, that dude tell me got 500k units available if i have money. lol.

the second time i went to open asw and as1m, they told me no units available. then asked me what account i have, which is asm which the dude tell me can topup if i want