BT = Balance Transfer from credit card. Need to pay back credit card. haha..

When applying for balance transfer , one is able to apply for more than the outstanding credit card balance ?

I swipe credit card for company, friends & family. Then use BT method to differ payment and put the money in eGIA. For Balance transfer matter, you may check a dedicated thread at credit card section.

Questions:

1) CMF stands for Cash Management Fund. Correct?

2) Which CMF would you recommend?

3) How risky is CMF (the potential of losing the entire money in CMF), as compared to e-GIA and Fixed Deposit? Usually, the money placed in e-GIA need to be as liquid and reasonably safe, in comparison to the money in saving account.

After all, if we can tolerate higher risk, we would have placed the money in unit trust in FSM, or in share market.

Thank you for your information.

1) Yes.

2) I will go for RHB CMF 2, https://www.fundsupermart.com.my/main/fundi...Fund-2-MYOSKCMF But after reading this https://www.fundsupermart.com.my/main/resea...-May-2017--8400,

3) CMF invest in FDs. So you think leh? eGia-i is used as loans to people.

Wrong thinking. Unit trust is a basket of stocks. While CMF is unit trust which invest in FDs (not sure about CMF in SG . But for malaysia that's what it invest in). So if you put in normal unit trust, if the market turn suddenly, unit trust will be affected. Why? A fund manager cannot hold 100% cash while you can. That's one of the difference between us and them. So in bad times, the stocks market goes down, unit trust will also go down. Bonds also not spared (as shown in Trump tantrum in Nov). In good or bad time, FD is fixed. It will never fluctuate.

There's one alternative to CMF though. Amanah saham fixed price fund. Because NAV is fixed at RM1/unit, you will never lose money.

This post has been edited by Ramjade: Jun 4 2017, 10:06 PM

Eastspring Islamic Income Fund? Minimum initial investment is RM50k and RM10k for subsequent investment though. Don't think very flexible

Damn. Didn't see that. Thanks for letting me know.

Thanks. The choice is RHB Cash Management Fund 2.



Since FD is protected by PIDM, we cannot possibly lose our investment in CMF, right?

Yeah, many of us here have ASNB. Let's say that we can set aside RM 1000 for a few days. Since ASNB interest is determined by the lowest amount, we may not get the interest of that RM 1000.

For very short-term money, it is best to put the money in FSM CMF, as you suggested.

Well technically, PIDM only protect per person/bank. So if you have 2 account with in the same bank totaling RM500k, only RM250k is protected. Besides PIDM only protect you in case the bank bankrupt. So you be the judge whetehr the fund size is covered by PIDM or not

If keep min 2 months (although first month not counted but the 2nd month is counted) we still can earn money.

Hey can anyone put money in for 60 months? It says min 10k but should be min 1k right?
I wanna make several placements of 1k each also cannot

It already says min 10k

It's supposed to be 1k right?
10k is only for the promo, right?

It's a bit naive to think there would be a bank run that could hurt the bank immediately for something like this

Actually Maybank's announcement ahead of time serves a few purposes
- Good transparency and disclosure - no one can condemn they just change policy overnight even if they have the legal right to do so
- budget and plan their cashflow accordingly. Do you think they would make such announcement if they need this money desperately? Just like FD promos, they have promos because they need the funds. When they don't need, they don't do promo lor.
- So they already anticipate a mass withdrawal; but the policy made it still attractive to depositors to make placements prior to 1 August and only take out when the cashflow need arise. So really, I don't foresee a big bank run until or unless another bank introduce a similar product with the same accessibility. Maybank2U after all is a very superior and popular product within msia consumer banking segment, not many banks can compete in that sense

There's some very good strategists in Maybank I must say

Well we will see. If maybank can reinstate back Maybank2 card 5% cashback after facing backlash, we see how long they can last after people do mass withdrawal of eGia-i. Maybe short dip in Maybank share then after that business as usual.

If it comes back, it will be a few months later. Definitely not immediate or near future. Withdrawal maybe the only choice by 15/6/17 if you don't want your interest to drop. After 1 August 2017, it will be similar to typical FD.

Berjaya sports Toto ?

Balance Transfer.

AMB Dana Nabeel seems pretty good, decent return 3.35%, T+2 withdrawal and low minimum amount (RM5000) compared to Eastspring.

I believe best choice is Eastspring Investments Islamic Income Fund, but minimum deposit is RM 10000
Second would be Pacific Cash Fund, but T+5.
Third would be RHB Money Market Fund.
Fourth would be RHB Cash Management Fund 2.

Third and fourth is good choice.

This post has been edited by Nemozai: Jun 7 2017, 09:30 PM

How do we get the interest from CMF? Do we buy low and sell high, since CMF is a variable-priced fund?