All investments are dangerous. With amanah saham,
1) big companies like Maybank going bankrupt (yes, it's entirely possible),
2) decreasing returns to the point that it's only FD rate
3) Malaysia economy is sluggish/ downwards (in the last 3 years) which makes amanah saham unable to generate enough cash to give high returns.
4) change from fixed price fund to variable price fund (happened before but was given notice beforehand)

This post has been edited by Ramjade: Dec 5 2017, 08:59 PM

Make sure to pick the right amanah saham. Don't get conned by banks agents to buy ASG and ASN3.

Next question you will be asking is how to open amanah saham since banks won't open for you
Go to asnb branches and open.

After that, the other question you will be asking, how is the dividend calculated?
It's based on the lowest amount of the month. Best time to topup is on the 1st of every month. If you can't make it on the 1st, the other best time is on the last few days of the previous month.

You are welcome


This post has been edited by Ramjade: Dec 6 2017, 09:01 AM

Yes you will lose everything because you didn't keep the min amount (RM100).

If you keep the min amount, yes you will get the dividend from Jan-May. June will be calculated based on lowest amount. Eg. You have RM4.9k from Jan to May and you keep only RM100 inside, for the month of June, only RM100 will be counted.

From the month of Jan-may, RM4900 will be counted unless you have less than RM4900 on the 1/1. If that's the case, then lowest amount (Jan) + RM4900 (feb-may) + only RM100 (june)

This post has been edited by Ramjade: Dec 6 2017, 01:42 PM

Yes. Always topup on 1st of every month to maximise returns. If you can't make it on the 1st, try last few days of the previous month.

Rm200k. Happened before. That's why people here know that day is a public holiday, they topup few days before so that they won't miss out on the first of the month (you can't topup on public holiday as there is no transactions happening)

1/1 is a public holiday

Bro you don't ask that kind of question here. Besides RN200k is nothing to most people here. You haven't seen nothing yet.

How to get so much money?
1) save >50% of your money
- don't fall prey to lifestyle inflation (which means as your earnings increases, your spending also increases). Your spending should remain the same even if you have increase in earnings.
- find ways to make or save money
buy things online and use cash back credit cards as you can save more + input in discount code to bring the price down lower than buying from regular store. The right card will give you rm600/year free money.
- avoid yearly apple/Samsung purchase + daily Starbucks.
It will help you save a lot and those money can be channelled into investment rather than useless item. This will help you to grow your money faster.
- avoid buying branded cars
car is a depreciating asset. You are taking loan to buy a car which means you are paying more for something which decreases in value the moment it leaves the showroom. Stick with small proton or perodua. Save your petrol cost + you pay lesser per month vs if you buy a Toyota or Honda.
- pay less taxes legally
This will put more money into your pocket. Small amount is also something.
- be brave to take risk by investing
You can't grow your wealth if you stick with FD only.

2) work your way up the corporate ladder.
- big boss are paid big bucks.

3) start your own business

Obviously step 1 is the one most people can do. But it requires high discipline.

This post has been edited by Ramjade: Dec 7 2017, 07:37 AM

That's your problem. When you have cc debts, you are working for the bank as interest can be as high as 18%p.a. Now wouldn't it be better if the bank is working for you?

Good that you discovered this. Many people never know this until it's too late.
Take 6%/12= 0.5%/month. If you withdraw, make sure to withdraw on the 1st if the month or if not possible, within 1st week of the month.

Remember to keep min RM100-200 inside or else all your previous month dividend burn.

This post has been edited by Ramjade: Dec 7 2017, 05:54 PM

To make it simple just keep in mind that all calculations are based on lowest amount of the month.

No point shifting funds as all of them right now gone only 6%.

No need to shift funds here and there as all give same results. Yes. If you don't do the switch on the first of the month, you will lose out 1 month of dividend.

To do switching, you need to do over the counter as you can't do online.

Hahaha... You kena conned already. ASG returns average from what you said = 4.714%p.a

A very poor performance. Dividend in variable fund is not important as it's left pocket masuk right pocket. Don't continue get conned by them. Do your switch to fixed price fund ASAP.

KGF beats it hands down

If you keep some units inside, you will get dividend. But not sure if they count dividend from last holding S or current holdings.

For me, I withdraw all so no dividend for me.

Redeem = withdraw

Glad I never fall into any YOLO trap. Steady since my school days. Rich dad, poor dad and Gen-X was my mentor.

It's never too late. Everyone starts small.
The sleeping devil is a blogger who is fresh out from school, not working yet but he's investing every bit he can.

This post has been edited by Ramjade: Dec 13 2017, 08:41 PM

It's too late if you don't start or don't topup. You can topup amanah saham/FSM/stocks. Whatever you want.

That's because they keep until few years already. If you can put in RM10 a month, that's RM12k/year which is = RM720/year free money.

Now, how to get more money?
- cut down on your wants. Eg. of wants
Movies, Spotify, Netflix, iFlix, Starbucks, mcd , pizza, beers, that brand new phone, that smart watch.
- cut back on expenses
Streamyx/unifi, - who needs that when both digi and umobile offering cheaper unlimited packages? aircon and astro is a luxury.
- get the cheapest car
You don't need a Honda or Toyota. Just choose Asia or bezza
- use credit card wisely
With the right cards and discipline, banks will be working for you instead of you working for the banks
- choose between FD or amanah saham
Unless you are loaded, you can only pick one to get the best rate. I choose amanah saham over FD. Hence I moved all my FD into amanah saham.

Keep that up for 5 years, already > RM60k

These are some of the examples I stretch my RM.

This post has been edited by Ramjade: Dec 17 2017, 06:37 PM

29 years old?

Simple.Just list out the stuff which is a want which you don't need and remove them. Channel your savings from cutting those into investment.
- astro, unifi, aircon, newspaper, Spotify, movies, KFC, mcd, Starbucks, too much insurance, new phone every year or 2 years, makan at restaurants, branded clothes (get bundled or pasar malam clothes)

Above are some items where your money will leak out too. Plug those leaks, and you will have more money.

Let's not forget about lifestyle inflation where most people fall into. As salary increases, expenses also increases. It should be as salary increases, savings increases.

This post has been edited by Ramjade: Dec 17 2017, 07:58 PM

True. But don't need to maximise it if you cannot reach it. If you can reach it, don't over exceed that limit.

Bundle clothes = 2nd hand imported clothes which looks and feel like new. Just wash with clorox will be as good as new. One baju rm1. Branded.

Of course not. I choose to put aside my salary for investing rather than spending it in travel. Back when I am student, >50% of my allowance is dump into amanah saham. Only just recently I have stopped putting into amanah saham. This is where if you travel you don't have money to invest. You need choose.That's where you need to sacrifice something to gain something. Nothing is free. You can't have both if you wish to be have a fat bank account.

Let me share a quote a rich man once blogged about
Air Asia is making younger generations poorer without them knowing. Even if ticket is cheap, hotel, food and expenses all add up.

One year RM2000 for travelling. 5 years already RM10K and in 5 years your money could be more than RM10K if you just dump in RM2k/year into amanah saham. Those money used for travelling can be used to grow your wealth faster.

Consider this, you have RM2k/year which you can use up for travelling or put that RM2k into amanah saham. You can't have both. By putting into amanah saham, you are assured of min RM120/year free money which to many is considered little. But little over time makes lots of difference. You need to choose. Choose to travel the world with lighter bank account now or choose to travel the world later with big fat account. Your choice. I know what I want.

Never fear credit cards. Learn to make them work for you and not the other way around.

This post has been edited by Ramjade: Dec 17 2017, 08:54 PM

Now, imagine you pump that cash back into amanah saham and in 10 years time, you have free RM6000+Dividends.

Banks are practically helping you to topup your amanah sahams.

This post has been edited by Ramjade: Dec 17 2017, 08:58 PM