How to maximize Amanah Saham, which is beyond our control?

Its almost pointless for this discussion.

What you say is great. You got a good jump start. That's you have to thank whoever give you this exposure.

When you have your job, your family, your kids, and eventually your parents that need your care. That's the time you realize. What your concept telling only applicable to those who are young, and do not have any high commitment yet.

Everyone have their own portfolio in saving or even go to investment. You cant say those who not agree to you is entirely wrong. Or those who agree with you are your allies.

Every family have different condition.

As long a we have our own portfolio that can give us a good future. That's it. Y'all cant force people going to this and that. Y'all cant change people is doing the correct thing. Yes, one may save less than you, less wealth than you, as long as they happy, and doing thing all right. What's the problem?

Not everyone want to become the slave of the money.

I rather the money work for me according to my wish.

I have that amount, I save that, from small perhaps in 10 years only able to buy some good stocks. Buying stock now is impossible for me.

I have my work, my study, my ptptn to pay off, my parents etc etc. Thus, I save bit by bit using my own instrument.

Sometimes I need vacation, I go, I need some good food for my parents I buy, I need to have my favourite gadget, I buy once in a blue moon, my car serve me well, that also I service accordingly. Why the hell I need to be the slave of money?

ASx and FSM is now my favourite. Why because this is the only I can save bit by bit. And at the same time open up radar on prop.

When come to investment, no one is wrong and no one is entirely correct.

Those in which initially rich and have a decent jobs for years, yes you can but this and that.

Why not you turn your perception on a middle income family, that have people to feed?

Hell no way you ask that person to quit his job and become plumber or barber in AU. That's a very high risk gambling. For me if that person have their own prop, car, FD. For me its good. And let their kid to have good edu in overseas, that's good.

And come to comparing, eliminate the jumpstart heaven package, people living in urban and living in outskirt have hell lot of different.

A friend of mine, a gov school teacher, she herself is a good saver and previously working in small district in Pahang, for 6 years. Save like mad, but having small vacation in MY thrice a year. Eat well, all well. Transfer to big city in KV can buy a 2 storey house and a myvi. So that's a bad saving huh? If she go stock market sure become Jack Ma? No, because she has no knowledge and people to teach her. Ands even yes,  she may can go wrong, all saving become what? Dust? You can say she isn't good enough why no do homework etcetc. Now you have to know diff job have diff work load.
Teacher nowadays not easy also. 6 am to 4 pm. Go back home need do paperwork. Hold a few position in school. Then weekend need go school tuition. Prepare paper work. If I am she, I rather have my free time to relax. Hell no read index and news.

But those big bosses earn big money without doing anything, they deserve a slap then.

Its all down to your perception. You rich you lucky. If no rich, start from bottom slow and steady. From local derivative to foreign exposure. That's it. why so hurry and becoming slave to currency?

For me ASx is doing the right job. They provide something better than FD at least. Cant beat inflation rate is beyond my advise.

Want quit, its ok. Don't say this is bad and what not.

Don't want quit, just continue.  And combine with other investment instrument.

i keep on hearing this fsm thingy.. in a nutshell anyone who invest in funds so far on average get better returns then ASX?

Any idea how can we reduced income tax for income source of self employed & rental income?

Mind to share which of your funds giving 17% returns?

Absolutely, saving for next generation is a most stupid human behaviour. Whereas, saving for living later is a wise thing to do.

Saving is a very big and complicated subject. Those who understand well the saving, definitely, taking advantage of it in their life. Otherwise, the life could be very miserable.

I'm early 50 and enjoying a good life now from my past saving. Money are like dropping from the sky consistently everyday, and yet, I don't have to work.

Saving at the age of 25+ is VERY DIFFERENT than 45+. The power of saving is coming from there.

i am in mid 30's any good advice on saving..the do's and the dont's

with the rise in the cost of living saving is a challenge...

But u must be knowledgeable enuf to sustain this type of returns n to be able to monitor, switching UT n make right decision when to let go especially b4 market crash. Remember of 10 year cycle will it happens again?

Question to sifus in here:

I currently contribute more than the mandatory 8% for my EPF. Should I put it back to 8% and invest those into ASN instead? Point being that I may be able to use the money in ASN to invest in other things. After all, the dividend amount is quite similar. Am I right to think so?

Any comments/opinions are welcomed. Thanks!

Go to nearby PNB office and get your account number and mobile number updated...

Then go to myasnb portal and register for first time user..

Get your username and password..

Log in and start buying...

Haha will do will do! I try and top up as much as I can through the portal, until I run out of "investment" cash for the month. Hence the thought of contributing less to EPF to put in ASNB.

Gotta work hard to bring more cash back now

Very very shocked to see this, sifu asking this! Ha.

Yeah the 12-number no. ahli is the one you need. For me I just updated my phone number at bank counters to be able to receive TAC for portal transactions 

Also, noted on the income tax relief. Totally forgot about that one! Thanks for the reminder 

Your no ahli is 12 digit? If yes can use your 12 digit no ahli to register...

If not 12 digit, must go update..

Nt sure whether u r aware that the dividend is calculated based on the lowest balance of the month. I.e. if 1st of the month ur balance is rm100, then u top up rm1k on 2nd and withdraw rm1k on 29th of the month, ur lowest balance for the mth is actually rm100. So the dividend paid is only on the rm100 and not on daily balance, hence nt worth the hassle to put in and out daily. I have done simulation and calculation whether to place it as emergency fund by placing excess into it and withdraw when I nd money - i found tat it is nt worth the hassle to place it as emergency fund if u plan to withdraw the money in less than 30 days.

if u top up beginning of mth, u won't get any "dividend" for the rest of the mth. The key is to top up near mth end or 1st of the mth. If u withdraw more than what u top up for the month, then ur top up wont enjoy the dividend for the mth.

lol. he's the sifu here

LOL, Ramjade was the one who educated most of us on this issue....

Your info is useful to me as i am new to asnb.

The dividend that we get annually will keep compounding like housing loan interest, provided i do not make withdrawal, right?

Is asnb divided taxable?

Where(country n type of assets) would u put your RM savings if u believe d 10year-cycle crisis is approaching?

So if say u believe this crisis will happen in coming Oct, u will cash out all your ASx:& convert to SGD b4 Oct n wait to buy Singapore Stocks?

But,... somehow, I feel the SG investors are smarter this time,... they will not unload everything anymore even when a crisis strikes,... It will take a very big crisis, an event that has never happened before to 'convince' those,... err,... 'kiasi/kiasu' people (including myself-lar),... to truly selloff everything for others to pick up,...

2008/9 was the only opportunity this century,...

So currently u believe this is best option n not convert to a better vehicle for temporary parking. Aren't u afraid of RM depreciating more than others if that crisis erupted.

  Yes,... UMS and MicroMech went down when there was a tech selldown in the Nasdaq, but the drop was not big, and hardly justifiable for you to go in, if you remembered what that happened recently,... Investors are still holding tightly to their chests,...

REITs - sure, when they need to refinance, then the new rates would kick-in, but after a few years, the REIT managers would have put in steps that can offset this higher cost-of-financing,... the mgrs just needed time to 'readjust' themselves.

Is passbook still required for top up or withrawal? Previously i helped my sister top up using her passbook. But i heard cant ady. True kah?

Can ask other help to update the passbook?

Means non account owner still can help to top up la? Juet only he/she wont know the balance in the account?

Spoonfeed me a little bit , open an ASN account in Maybank, top up through M2U. That's it right?
Is there a limit on how much I can top up?