QUOTE(HarpArtist @ Feb 15 2016, 01:20 PM)
like that when put fd must make sure the exact maturity date is free to go uplift and shop for next promo again .
Of course la.
Let's take unker X for eg. This is just a rough calculations of mine. Could be wrong.
Unker X is worth min rm3m. How did I arrive at this figure?
1. Unker X send his son to the US. Sending someone to the US will require at least Rm1m for tuition fees + living expenses for say 3 years.
2. Chinese family generally have 2-3 kids. For this discussion, let's assume he have 2 kids. One kid send to US. One more kid takkan in Malaysia. So another rm1m for the other kid.
3. 6 figure FD amount late for few days = one time family meal.
4. No way only one single 6 digit FD. How I know? Too much money in bank X/Y/Z (his own words - lost count how many banks already).
5. Say eg, RM500k /FD at 4.5% gives ~ only about RM62.5/day.
6. If one were to eat at hotel/fancy restaurant, one should prepare min rm50/person (I am being generous here as usually it will be higher than that - about rm100)
7. As you can see from the eg. Unker X if he didn't get 2 days of interest, he lose out.
Of course Unker X is not captain but applicable for him as well.
PS Unker X is active member of FD thread.
This post has been edited by Ramjade: Feb 15 2016, 02:10 PM