No. 6mths if you put 13 mths or more

Wow seriously.

Well.
Because most of them are just working slaves without a brain on their own that's all.

Asking someone to put 500k

Ppl with that money would have put that monies elsewhere a long time ago already. Unless every month i earn 300k.

Just give la ppl put in 50k. or even if they are priviledge customers.

This post has been edited by BrookLes: Sep 12 2022, 04:19 PM

Corporate bonds are too risky unless you know the company well.

What is the benefits of invikta cc?

Invikta, they should just give invikta rates as long as ppl put in 10k.
Not everyone has 50k in their savings.

Not necessary. HL bank always gives pretty attractive rate.

Any of the 1 year promos are probably better then 2.1%

Arrrr the Ukrane war has got nothing to do with higher interest rates.

No one ask why instead of increasing interest rates gradually, they decide to increase interest rates by so much at one go after having almost zero interest rates for so long.

It's not as if they could not see that there would be inflation from a long time ago.

I have the answer to this but then it's going to sound conspiratorial.

I can pm you on this because I doubt ppl here can handle the truth.

Actually inflation has always been transfered across the globe. That is why you do not see much inflation in US despite the fact that they print so much.

I have not followed the economy for quite a long time but then do you know that US has a lot of oil and yet the government refused to release the oil and so US are forced to use expensive oil which contributes a lot to their inflation?

This post has been edited by BrookLes: Sep 18 2022, 12:07 AM

US have their own oil. Why they did not open up their oil wells.

That is why you did not see much inflation in Malaysia yet because Malaysia oil price is kept low.

Any last reply.
Money printing has been around for many years. And I really think structurally it's damage. All the thing that is happening is just an opportunity to "fill in the blanks". Bankers gained when economy goes up and also when economy goes down.

There are many reasons as to why inflation is going up. And it's not just related to Ukraine. Ukraine affects the natural gas side but how about oil? Its the decision by Saudi side that cause the oil price to go up. It's related to how many barrels they want to release.

With the sudden inflation, the Fed is being "forced" to increase rates very quickly. But why such the drastic increase?

As for the oil from the oil wells, I really believe the US government could have release it if they really want. I know you say it is private but from what I heard, the current government refuse to release the oil.

Actually if you are willing to go and find out you will know. For example there is even disruption in the shipping lines etc. I am not actively finding out what is happening but I do know roughly.

This post has been edited by BrookLes: Sep 18 2022, 02:09 AM

That guy is pretty ignorant after the "mistake" he makes. Ignorance is actually more then not just knowing. It's still being defiant even after being shown their mistakes.

To be honest, with the amount of ignorance shown after the "mistakes", he really is no different then the typical ah peks on the streets(No disrespect to the alert ones but you know what I mean)

Of course he still pointed out my faults on the supply chain issue even though I stated earlier that I have not been following the economy for a while but then I know what is probably happening behind.

If I were one of those crypto guys, why would I put my monies into FD.

When I \am talking about bankers, I am talking about those rich elites.

Obviously, when there is a depression, prices of assets goes down and of course they can be bought at a cheap. When the economy is doing well, they make as well because their assets is going up. Timing when the interest rate is going to go up or go down is key but they have inside information.

You talk as if you know a lot but yet you decide to put your monies into a 5 year FD when interest rates is at it's lowest. That's smart. Even if i do not know about promotion rates, I would probably do some research before putting my monies long term. Actually have you even look at those financial plans where they claim to give more then FD rates if you put long term?

And if you are going to put money into FD, shouldn't you at least research where is the best place to put your monies at? I mean if you are putting 10-50k. Maybe, you can afford to be ignorant but i am pretty sure it's more then that. I am sure if you actually tried searching for the best rates, you wouldn't be putting your monies at 2.2% for 5 years.

Something like this?



As for crypto. It just show the mind control because every transaction in crypto can be tracked. The only reason why it went up is because it was being pumped. But I am never the person who would buy when it's on the top anyway. Of course I do blame myself for not buying when it started out or something. See the difference between you and me?

This post has been edited by BrookLes: Sep 18 2022, 03:39 PM

It's ok for you to insult me indirectly by saying that I am following Peter Schiff or that I am a crypto currency advocate right?

There is a proverb in the Bible

“There is treasure to be desired and oil in the dwelling of the wise; but a foolish man spendeth it up.” (Proverbs 21:20 KJV)

This post has been edited by BrookLes: Sep 18 2022, 03:42 PM

It's ok. I really do not want to waste my time. Because ignorant people stays ignorant all the time

Of course FD does not perform inflation. Let's see. So now there is most likely going to be a deflation and FD rates is going up. So I guess this applies even now?

So you admit that you are an economics student. Then it's even worst right your common sense level.

Well rich elites are also often referred to as bankers but maybe you probably do not know anything.

All I am saying is just common sense. If you are going to put your money long term into something, shouldn't you at least do some basic research first? Like I showed you, a basic google search and you will at least not be so foolish to go and put your monies long term at something that is 2.1 percent.

Of course basic economics, but yet you go and put that monies into FD at the lowest rate for 5 years. So what is the point of your economics degree then?

It's ok. Your ignorance level is for everyone to see.

Never seen someone so ignorant in my life.

Of course rich people do not necessary need to be bankers. But everyone know that bankers are the ones that controls the interest rates and determine how much money can be print etc. But ignorant people like you probably think when someone talks about bankers, they are only talking about ppl who owns the banks..

Like I said, if you were competent, you would at least research on the best rates that banks can give and it will lead you to the promotional rates eventually. Do not even need to know about promotional rates to eventually find out about promotional rates. But then this is your level lah.

This post has been edited by BrookLes: Sep 18 2022, 04:06 PM

Coming from someone who cannot even use Google.
Ok.

Simple. Because there is no motivation for them to do so.
I mean I went to PBB to open account. I said I do not need the Debit Card. But then, they insist that I need the Debit Card. End up I have to just pay up.
Even CIMB dun need to pay.

It's just incredible that for someone who is going to put a significant amount into PBB, I still need to pay a "fee" to do that.

Even CIMB does not charge for the card.

Actually come to think about it. Why is it that banks cannot just open on weekends. I mean they can even open the banks for say 4 days a week. Whereby 2 days is on a weekend. But they just cannot do that.

And funny. When I open PBB account. I need to provide electric bills etc. Luckily I already have an account in Affin, otherwise cannot open PBB account also.

Really incredible.

Also, I just realized that if you open FD OTC more then a certain amount. You can only withdraw your FD at home branch for PBB. So many stupid rules.

Also only able to close your account at the home branch. I know it's only RM20 but still.

And you cannot make it up. PBB internet hotline you cannot call in yesterday and their website is so slow.

This post has been edited by BrookLes: Nov 30 2022, 03:29 PM