Yes. Unlike them, I have been living this kind of life for a long time. You have no idea how cheap-skate I can be. I can adjust. Why drive when one can cycle/walk/take public transport? Drive using proper technique. Why bother eating at fancy restaurant? After all is just for self gratification. And as I already shared with Hansel my opinions on ASX. Like I said before, careful planning and spending will be able to help. Unless malaysia's money become banana money then yes we need to worry. Even then, our ancestors survive in the jungle just fine (planting their own crops, rearing own chickens) during the Japanese occupation. There were no purchasing power back then only about whether one can survive to see the next day or not. You may be anti ASX. But ASX for me is just FD with higher interest. I won't move money into something I do not know yet. It will be suicide. If I move into something I don't know, I might lose 100% of say the 50% of what I moved compare to a decrease in purchasing power of say ~10%. YOu tell me which is better. Losing 50% of what you have or just 10% of purchasing power?

And like I said, price of vege increases? Easy, plant your own vege. It won't be enough but it will help. And there's always tesco which offer reduce to clear vege (at RM0.50) They are still in good condition. Just cut off the bad part and you are good to go. Price of meat increases, there's always tesco which offers chicken at reasonable price. Rice increase? Simple. I don't eat rice. In fact, I have never eaten rice nor any form of carbohydrates for a long time already. High electricity bills? Expensove internet? Just go starbucks and use their internet. Maybe first time order something ask them for password. Subsequent visit, do not need to order anything. Be thick face! Never turn down something that's free!Easy, use the electronic items from the country with low watt. Charged your phone/tablets at office. Save yourself few bucks. That's what my friends and I are going to do. Who needs Astro, Cinema when one have the internet & good books? Who ask one to go on vacation in Europe every year? Go cinema every week, dine out every week? Buy the latest iPhone and iPad every year? Live within one means! The coming years will see frugallity at its best. What I have learn while not in Malaysia will be implemented once I am back in Malaysia.

Not forgetting, despite increase in exchange rates, sometimes it is still cheaper to shop from overseas after counting in the shipping charges than getting from local store. If one knows the way to buy from overseas, it is tax free. No 6% GST there. I am talking about food items.

So electricity, food, entertainment, internet , transport is covered. I don't drink, smoke, party, karaoking or go to pub, or do birthday celebrations or dine in fancy hotel and places. You tell me what more will affect me? The most thing which might affect me in the future is petrol, groceries and maybe rental.

Chill Hansel. 5 years by my calculations. 10 if you are over optimistic.

       

My dear bro,.... you don't intend to get married and have children ?????????? What if you fall in love one day, especially with more than one girl ?

Edited : I can't help but wanted to add the 'jovial' emoticons in the top row. Bro Ramjade is thinking like a juvenile.

Yes I do not know ASX well when I started. But do you think those uncle and aunties know? They don't. As long as ASX can pay 6.x%/year, they will have subscriber. Cause people want stable returns yearly. And I am one of them. Stable yearly moderately high returns, no need for monitoring.

One should only get married once one can afford a house.  Or else you are going to get yourself into a financial burden.

I guessed it's pretty hard to argue what will become of the FP funds from PNB before Dec 31, 2015 comes. We can only speculate.

So, the best thing to do is to cut your risk in half. But you can only do this if you know where to put the half that you have cut out ! Learn quickly,...

I wud reckon bau on 1/1/2016

Bau?

I wud reckon bau on 1/1/2016

Wil,... I wouldn't want PNB to just keep quiet and continue as normal on 1/1/2016. I would want them to give an announcement on how will the extension of the FP funds be like after that date, as in for how long will those FP funds be extended again as a fixed RM1 per unit each.

If PNB remains quiet, then we are at their mercy, and they can choose to convert anytime to their whims and fancy, perhaps after a short ann't and a short redemption period for those who do not wish to participate anymore.

They won't make any announcement as tis is not a CG products which have validity
In addition, tis will send a wrong signal to the public at large

If it is as you said, then why did they make the said ann'ts in their MPs for the last 3 - 4 years on the dates concerned ?

If it is as you said, then why did they make the said ann'ts in their MPs for the last 3 - 4 years on the dates concerned ?

U refer to application of NAV for FP funds?

Yes, I am talking about the fixed nav of RM1 for FP funds. Remember that in the MP, there is a section that stated that the 6 FP funds do not need to follow the particular MFRS rules of disclosing the nav by Dec 31, 2015 ? That's what I'm talking about. The question is : why did they announce this back then ?

As part of corporate governance

THat's what I thought,... it's one of the rules of the SC for this disclosure to be included, be it for an open-ended fund or for a closed-ended fund. So,... ASNB must put in an updated disclosure for the extension given (if it is given) when the term expires on December 31st., 2015, right ?

       

My dear bro,.... you don't intend to get married and have children ?????????? What if you fall in love one day, especially with more than one girl ?

Edited : I can't help but wanted to add the 'jovial' emoticons in the top row. Bro Ramjade is thinking like a juvenile.