e-FD.

CMF is liquid BUT cannot withdraw IMMEDIATELY. Can u go knock on FSM office in the dead of the night to take money out from your CMF? Cannot.

e-FD can. Uplift anytime, transfer to your current/savings, then u can access thru ATM.

CMF is my excess cash i.e. liquidity, park there to earn interest income.

This post has been edited by Pink Spider: Jan 15 2016, 05:19 PM

simple - don't use heart, use stomach + mind (greed +probabilities)

er.. seriously
if i use heart, may get heart attack liao if all markets plunge another 20%
by that time, my China ETF will be negative and so will my Titans & GEMS
must be able to hold though for >=5 years though (just in case)

Which ever can give the higher interest. In an urgent event to withdraw money, use credit card first, then withdraw from FD or UT funds (either MM or bond fund) to pay credit card in full.

Me, major portion in Bank Rakyat 1-year FD (4.1%), which is paying interest monthly; and some in CIMB at 1-month FD (3.15%) since I have a CIMB cheque account (which pays 0 interest), and also the cc was issued by CIMB.

Whatever MM or bond fund I'm holding now, was converted from equity funds - with service charge paid. So they are strictly UT play money... cannot touch... so maybe different from another person who has earmarked and directly invested into MM/bond fund (or fixed-price UT) as part of their emergency fund.

done last week and planning to do it again tomorrow....


Attached thumbnail(s)

I'm expecting all markets to dip further... some people (which could be millions of retali investors in China and Hong Kong and Taiwan and Singapore... and...) will be taking money out of the stock market for CNY to spend and pay back debts, some just to lessen their holdings since going for long CNY holidays and will not be monitoring the market on daily basis.

And some people said ASX FP is bad as no transparency. A black box.

Maybe that is why he posted, "Living dangerously is my motto".

also good - hits my "worthwhile" cost, i collect more

BTW, STI itself has fallen like chunks vs KLCI (if exclude forex to/fro USD)
we're talking about double digits % STI vs KLCI single digit comparison here
thus... i smell something nice coming if it keeps falling


This post has been edited by wongmunkeong: Jan 15 2016, 07:52 PM

still want gamble china?

Reading a few pages back, I understand that we can get 0.5% service charge even without going to the event tomorrow. But what about transaction time? Do I have to complete transaction tomorrow, or can I wait until Monday to transfer the money to FSM?

You just need to place an order by tomorrow midnight.

Money can be reached by latest next Friday.

Thank you for the info! That's actually better since Thursday is payday

Oh I can place an order tomorrow and put money in next week.

So the NAV will be based on the day they receive money?

Of course. Money first. No money, no talk!

Wow. So a lot on hold for tomorrow top up?

Top up and then forget about it!

Consecutive 2 weeks of top up to reduce wac

who is going tomorrow?!