Thanks @nexona88 for the credit.

Yes, @Vincent9696 Couple of years ago PNB still allow max loan up to 400k so when my dividend touch 200k, I moved it to ASB 2 and fill the gap with another 200k making it 400k loan. At the same time, that 200k moved to ASB2 will also earn me about 14-15k, which makes the yearly total dividend on 600k amounting to 37k (ASB) + 15k (ASB2) = 52k per year.

Not without cost though, the loan costs me 2.2k per month for a yearly total of 26.4k. So actually, as it stands now, i'm only earning a clean 25.6k. Of course this figure will only get higher as the dividend compounds but the monthly payments are fixed at 2.2k

My next step is to get the ASB2 loan and move the 200k to ASD or some other fund so that interest will be on 1 Million (counting the earned compunded interest in the book)

So for those who are still on the fence, get the loan, and start as early as possible!

Yes bro, your advice is valid and heeded. I do have a few other things up my sleeve

Lucky that ASB loan is relatively low risk tho. It has no lock in period and if it gets too hot to handle, say BR increases or dividends take a slump, can terminate anytime and collect back the ammortized amount.

I'm riding this ASB loan thing to achieve my target of 1 million in cold hard cash as quickly as possible. Most people will be multi millionaires on paper, (especially with property prices this last few years) but I want Cash money! Cash is King ma... heheh Altho 1M seems very little taking into account inflation and what not. Hmmm might need to revise the target

I'm a salary earner (not tauke business) so proper and early planning is crucial for me.

AS1M & ASW2020? 

Managed to top up some today

I tot some1 said full d.

In my past experience topup ASM in MayBank. I have been challenged by teller 2 times on Oct 2015."How much you want to topup ASM? 100K? 200K? Any amount ASM pun ada". 

Anyway the highest ASM amount I manage to opup is 50K. 2 kali. 

Asm can ar. No problem.

guess u topping up these days & managed to get some ASM units    

Master Paw said it's on 5th Feb  nvm, tomorrow go deposit again lor 



http://fengshuibeginner.com/auspicious-ban...-or-5-feb-2016/

So hardworking just b4 CNY
Btw, small or big sum?

Summary la haha

If asm, asw2020 perform that badly, I will need to evaluate my position after 2 years. If it is still good, keep for 3 years then think what to do after 3rd year.

tat one really "misleading"  
seriously   

I am done with asm. Now topping up ASW at every chance

1st April, ASM dividend day. confirm unit available   

lol Singapore FD rate so low 
http://www.moneysmart.sg/fixed-deposit

better go invest in Sreit    can ask @Hansel all about it 

Any news when is the AS1M system upgrade & change to new passbook?