This is why I started by saying ... shd I even start

Btw, I've always commented politely and respectfully to everyone in the forum. I appreciate if you can reciprocate that. If you have an issue with someone else take it out with them, not with me

Anyway, I do occasionally comment on this thread. Mainly on things that people don't pay attention to like what is stated in master prospectus. The fact that ASB is not shariah compliant or the increasingly reducing disclosure in the financial statements. I've also stated in the past of the reason I divested my ASx. It's rather personal, I do not expect others to follow.

My issue with FP funds is that it's a crutches that prevent ppl from investing the proper way, and although it's the shortcut, I believe it's very harmful to the market in the long run. We will run out of retail investors and the market would continue to be artificially supported by local institution investors. So no, I don't look down on you guys. I could not agree with the policy makers who allowed this to run for so long and do not have political will to rectify it. Oh well, not something that a public forum really cares I guess

So I strongly encourage young people like ramjade to learn about investments the proper way. Not because I want to put down FD n ASx, but young ppl has a long horizon in front of them n this knowledge will help. Later on can go into stocks, derivatives and who knows what other things fintech will bring

1. Agree
2. 2 cars, 2 houses (landed), spouse (mestilah 1) 
3. Agree
4. Maybe 

Actually I am the exception. Was thinking of transferring all my FDs into ASX FP until I decide to fork some over to FSM. In the process of removing my 25% left in FD for FSM.

Actually I am the exception. Was thinking of transferring all my FDs into ASX FP until I decide to fork some over to FSM. In the process of removing my 25% left in FD for FSM.

the key is using technique and rolling dividend method...

very simple actually

just make asbf 50,000 for the 1st time 30 years. (current bank rate CIMB offer 5%)
so monthly RM270/month

2nd year, apply another 50,000 asbf for 29 years (use the dividend from 1st year to paid for this one)
RM278.52/month (bank rate 5.2%)

3rd year, apply another 50,000 asbf for 28 years (use the dividend from 2nd year to paid for this one)
RM282.82/month (bank rate 5.2%)

4th year, apply another 50,000 asbf for 27 years (use the dividend from 3rd year to paid for this one)
RM287.49/month (bank rate 5.2%)

the 4th year will using its own dividend to pay for the commitment...

assume the lowest dividend at 7% minimum. For each year total dividend will be RM3500 or RM291.66/month

using this calculation and method u only need to pay for the 1st 50,000 asbf until 30 years...the others will be paid by using the dividend

still need more explanation pm me...

ASBF have many technique bro...just find the best one suit with yours...dun make joke about investment bro...if u dunno then ask... ok

You have been saying this over and over, which is almost impossible due to the national interest.
If it happened, there shall be a grace period for the investors to withdraw and decide whether to withdraw or let it convert to VP. So no need to mention it again and again to create fear for the newbies. 

Almost all PM's funds is not doing well lately
Perhaps, u may engage your Agent to advise u

You have been saying this over and over, which is almost impossible due to the national interest.
If it happened, there shall be a grace period for the investors to withdraw and decide whether to withdraw or let it convert to VP. So no need to mention it again and again to create fear for the newbies. 

Did u calculate wat is the annualised returns or IRR?

11.16%

Rule of 72 is purely academic
If u use 4% benchmark (i.e factor in ups n downs), your investment will double in 18 years
Can u tolerate 18 years?

I wud say anything above 10% is awesome as it went thru few crisis

In actual don't needs 18 years to double..
Around 12years or 11years is enough to double. Confirmed in ASx

Don't have that much leh. Because I started "small" the old days.. Got some doubt first. On how they could constantly give 6% every year..
Then slowly I think back, okay let's take the opportunities to ride it.. Any problems later, can cabut

Wah u cannot compare with WB leh...
He already different level.. If we can reached his level, I would be very happy already

U sure have 50k limit???
Because I remembered some did withdrew over 100k at the counter previously..

There is no limit on withdrawal if u perform at Banks

Asw 5 figure today