Relationship mgr

Well I don't regret opening and topping up ASM during the "megasales". Opportunity like this does not come always. Mu only regret is not opening up asw2020.

Yesterday's Sin Chew Newspaper - Fortune Investment Weekly section, page 27, someone ask for financial planning advice. The couple has 4 millions in trust fund, and mainly under ASNB. 

You can imagine how many millions units this couple has.

Truesavers is a SA which gives 2.8% p.a regardless how much you have inside. No minimum amount, no need for monthly topup. So instead of your RM800 sitting inside a negligible interest saving account, at least by the end of 1 year. You get more money than if you put in normal SA. Can earn about RM20.

No I don't have.  However I would recommend getting the fuel efficient perodua. Not sure what model it is. No need to waste money buying expensive imported cars when end of the day, both will depreciate in value. Car price should be total your 1 year salary.

Why is your phone until rm100? Take the most basic. Rm28 package which comes with sufficient Internet for whatsapp. Do not need to sms and call when you have whatsapp.

Meal and grocerries? Meals can be reduced to rm7/meal =Rm420(mixed rice stall). If you can cook, it will reduce your expenses further.Tesco, traditional pasar.

Can't help you with car and condo. But me personally is pick one first. Don't ever attempt to buy both.

Medical expenses go government hospital. Need to wait but able to save lots.

For parents, if you don't have enough it's ok to give them lesser. Just tell them.

Movies, who needs when one have Internet.

Total savings = (rm100-rm28 = phone ) + (rm500-rm420= meals) + rm100 (use hlb wise) + min rm100 (medical expenses if go gov hosp only rm1-5) + rm30 (2 movies/month at rm15/movie)
=rm382/month
= rm4584

You can use the above dump into ASX FP or FSM UT earning
about rm294 or rm458.4/year

You need to give something to gain something.

The above is absolutely CORRECT !

I have always said this,... one can always say that he can save this and he can save that,... but when he starts to fall in love and he wants to take care of his wife and his children, then all boulders start tumbling down. Try to think of strengthening your earning power when you are young, and not strengthening your saving power.

Perodua axia is quite safe with dual airbags. Who ask one to drive like a speed demon? Even the best car also cannot help you.

Taken from Wikipedia
Bro, if I ma not mistaken umobile have Rm28 for 1GB.  I think that is more than enough/month.

I agree with you on family.  Hence need to plan some more.

My Portfolio allocation

Tabung Haji: 27%
ASNB FP: 50%
ASNB VP: 4%
US/European stocks via CFD derivative: 10%
Savings/Current Account: 8%.

I keep quite a big portion in TH, mostly for the reason that it is more liquid that ASNB funds (for emergency purposes), because I can withdraw using Maybank/Bank Islam ATM cards or transfer the amount to Maybank CASA account anytime.

And the CFD part is only for experimenting purposes. ie, learning about investing etc.

In fact, u spend less time if follow FSM recommendation

How about estimates return. Can you help? Like the calculation on the front page

seriously I cannot explain. u need to feel yourself.

I was hoping like can have passbook & online both link together 

passbook for the "feel" shiouk sendiri & online for convenience