Provided you can support your loan, you have the extra cash to pay off in case of anything, just to take advantage of the low interest rate (if you can even find one), and invest on the instrument that you researched and understand the risk then place during promotional SC period, I don't see why you can't

Of course one should be diligent in considering all factors before even taking up this opportunity

If I am given that kind of low interest loan money, I would take advantage of it

Problem is, where to find such goodies?

Prehaps the99percent1 who originally mention this got lobang? can share?

If you know where to put, still interesting, but my current salary doesn't allow me to afford such a loan, probably next chance

But balance transfer requires you to already spend that kind of money first, but delaying payment right?

If got free cash direct with low enough effective interest rate and having enough cash and knowledge to deal around, shouldn't be a problem

of course everyone here in forum just advice and opinion, if you lose money due to this investment and loan, none of us is responsible for it

Roungly Effective rate = flat rate x 2

So one should evaluate the offer and its own capability before even attempt such things

0% is the best, imo at most the effective rate shouldn't be more than what the FD can offer

That is why the condition is that you must be able to afford the lost, if you can't, means you dont even analyze your own financial capability to even attempt such, which is the majority's problem.

All in all, if one doesn't have the financial knowledge and initiative to learn and evaluate one's condition and ability to manage himself, even the best strategy will make him/her broke

that is the condition that you have the spending and one to manage the repayment schedule, but the one who mention about this strategy is the one without that kind of spending, just outright take cash, which is different

So it is not 100% equivalent to compare both strategy, with one having regular spending seeking to manage its repayment schedule for the advantage, vs another which take extra cash upfront to use

got money to pay back without affecting your life and dead and at the same time earn money, sure no problem

however, not a lot of people realize that, they just borrow without evaluating, end up losing money while accumulating lots of debt

not sure do the original poster know about this before attempting such?

Just remember to watch out your financial position while attempting this

Many people get addicted in doing this and end up losing lots of money and accumulate debts

Some of my relative even addicted and lose a lot until lelong their collateral and their family suffered after his sudden death

Be wise

You can make the first investment via RSP minimum investment amount, but that can only be done on 15th of every month

yes, just select the funds that can start via RSP, then register it with the monthly amount you want, for more details, read the RSP faqs

If you have that kind of worries, I suggest you put your money in money market fund or FD first , while you research and understand what you plan to invest and construct a portfolio before attempting to invest.

Blindly follow other suggestion without understanding your option and risk appetite will not do you good

because cimb clicks, technically, belongs to cimb bank, not cimb principal

Actually it depends on the fund's underlying asset currency.

For example ponzi 2.0, which the fund's underlying asset is in USD, when MYR depreciate against USD, the MYR class performance will go bullish and vice versa.

replace titan -> manulife US

if you dont believe in malaysia, then libra -> affin select bond

if you believe in indonesia then replace manulife india and cimb china -> cimb china india indonesia
else, take manulife india and cimb china

Is true that manulife and rhb switching fee is a concern but not a major concern

Primary consideration should go to their fund performance and prospect before switching fee comes into consideration

If fund performance no good, even free switching wont do you good

Except it is not because the fund is an asia pacific fund.

This is due to the fact that the fund underlying asset is in USD

Currencies like SGD and MYR which depreciate against USD during the second half year will see performance boost in their respective currencies class

Plus forex risk is rather complicated as the inter transaction while you holding the fund may also affect the currencies performance (e.g. when the fund sells USD asset while MYR appreciate against USD, it will realized its forex loss in MYR performance and vice versa

Your RSP entitled for silver discount if you are a silver member as per their FAQ



p/s: I realize some forummers gave wrong info that can have severe consequences to others' decision

I am also newbie here

Teenage rant only

FSM has been around since 2008, you can ask xuzen pink_spider wongmunkeong

If u want developed market exposure, Titan

If u only want US exposure, which practically major in developed market and global as well, manulife US

If you only believe in technology potential futuee, global tech

If a fund like ponzi 2.0, which based in USD, when MYR appreciate against the USD, the MYR class will suffer in performance

If you are talking purely in currency exchange, then you are right, but not in UT in general

EI GEM

This is why I choose rhb ebmf over gem back then when I consider for emerging market portion

You said the fund is on stagnant country that is not appealing

Interested to know, if in m2u and cimbclicks, switch only means switching within the fund house, then what function in them allow you to switch across the fund house?

At least within the context of FSM (not sure about other platform so we just explain the feature available in FSM), there are 2 types of switch.

i) intra-switch : which means switch between different funds within the same fund house, usually the funds will be sell and buy into another fund within the same day, no charges except RHB and manulife funds

if equity to equity, no SC

if equity to bond, you will gain 2% of SC, for example if you sell RM1000, you will get 20 credit points, each credit point with RM1

If bond to equity, you can utilize the credit points if you have, else default SC 2% will be charged

I think this is the same as what you experience in switching in m2u and cimbclicks

p/s: this is what I understand so far, didnt actually performed intra-switch myself, kindly correct if I am wrong

ii) inter-switch : which means switch across funds in different fund houses, and if you switch to equity, you will get charged SC, but good thing is if is within promotional period, promotional SC applies

In general, this involves disposing your fund in 2 days and immediately buy into another fund, which is faster then you sell the funds manually, wait for the money for 4 days, then buy into another fund (some funds have shorter/longer processing time, do check out their schedule before switching)

IMO, GEM is heavy in greater china area, and if you observe, GEM and dragon performance trend are kinda similar, but dragon give you more upside

For other EM part you say, I will suggest look for funds that can heavy focus on those countries you want to diversify


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