Bro caught me there,....

No passbook means everything via online ? This would be good news for me, but somehow, it's 'high hopes',... would not happen yet,....

Good updates here, bros,... thank you,...

We must keep the annual statements that arrive at our house safely,... in case any units 'got lost',....

In a way, good too,... even if did not bring along passbook, can still perform transactions like selling when one is near to a bank or an agent.

GUys,... even if it dropped to below 6%, but still hovered above 5.5%, it's still ore than Msian FD. Where are you guys going to go to if you pull out your funds ??

That's why many Malaysians go for JJPTR and MBI,... because no good instruments for investments,...

Hence,... must learn to invest out of this country already... soon, no more 6%,....

6 sen dividend is normal, bro,... why do you say the divvy rate is going down ? It is being maintained, right ?

Under bullet 3 of the document, it is said that we have to update our bank account information for possible electronic payment activities in future. This means we can probable sell online in future.

This updating need not necessarily be done at a branch. We have to register with ASNB, then after we logged-in, there are fields for us to update ! We can update here,....

Yeah, yeah, yeah and yeah to all of bros' comments above,............ BUT NOT EASY TO OPEN ACCOUNT ANYMORE IN SG !

Better explore Aussie REITs,... stay in Australia for sometime to build your residency there,....

ASX has one advantage (price stability) while SG REITs has 4 advantages (see previous posting by my bro) - I invest into both,..

Okay,... let me reply here, dude,...

I know that it is not easy,... I know there will always be discrimination,... BUT, in MY,...

1) is it really easy, especially for the younger ones ? I would say the answer to this is also a NO.
2) is there no discrimination ?? I don't have to reply this for you, after all, we practise open discrimination here in MY.

Of course, only if you're really needed, would you be able to get a job in AU, because they too have their own people,... it's the same everywhere, you have to prove your worth, this is what we called meritocracy. If I lose based on meritocracy, I feel okay,... but not due to race or bumiputra status,......

If I have to suffer working on a job, I'd rather suffer earning a strong currency than suffer earning a falling currency,.... today I realized this, that's what I keep telling my kids. If I realized this when I first started to work,... I would have done all my best to move to a country with a strong currency,...

As I always say,... please read my other posts too,... no country is perfect, there will be their own set of problems everywhere,... it's okay,... so long as it's worth it, we take that option in life,.. what is there to lose ???? So,... please,... don't think I am that naive to think that the grass is greener on the other side. The grass is greener at where you have more knowledge compared to the general population - this is my saying always.

Do you know why we feel comfortable in MY ??????????? That's because we are too used to the situation in MY, and we are just too reluctant to get out of our comfort zone - this is the reason ! So,........... we have to breakout of this in order to breakout from remaining as slaves to the elites ! Earn a reasonable amount of money outside, convert into the MYR back home, and return as an elite too !

Anyway,... I admit I too feel comfy in MY when it comes to working in my profession though I know I am earning a bad currency here,... no choice-lar,.. having been here all my life.

BUT : I am sending my funds out and making my investing life outside of this place. I take consolation in that the other part of my life is spent in other countries, earning other currencies. It was not easy to start this too,... All my life, I have been with Amanah Saham Funds, until that fateful day when I approached Mayban Securities and the clerk told me to go invest in other places, then I started to explore opening accounts in Aus and Sgp.

Investing within one's comfort zone is always more comfortable than investing in other people's land,... but,... I did the opposite,... so,.. what's the problem ???

I have sent my children out very early in their lives to adjust to a better country, with a different govt and a stronger currency !

Haha,... my bro is sharp,... that Xing keeps equating earning foreign currency with migrating. NO,... he is wrong !!

I think bro is smart,... someday, we should meet-up,... I'll give you all my kungfu....

Okay,... agreed,... that's why I reiterated SG REITs,...

I do agree somewhat,... we need to control our spendings,.. but,.. if a person is going to earn 5k RM here or 10K RM in MY,... don't you think he/she should try to earn 5K SGD or 10K SGD instead ?? When he is young, he should try,....

This is no laughing matter,... the day will come when he needs more money,... one must be practical in life,....

...well,... okay-lar,... if one says he is satisfied in life, then so be it,... but don't regret later on if this thing 'tak cukup', that thing 'tak cukup',... and wife/children start asking for too many things,... seen so many of these cases in life,...

Edited to correct spellings,...

This post has been edited by Hansel: Jul 12 2017, 10:55 PM

Appreciated the reversion, bro,...

Well,.... then we will sit and wait for China to take over the world,... then Chinese will stand tall in the world,...

I think your doctor friend has a personal prejudice problem towards the Chinese,... I have Canadian friends too, angmohs who are always looking for Chinese investors, Chinese friends, Chinese this and Chinese that,... Chinese girlfriends,...

Sometimes, I think perceived privileges and prejudices are individual-centric,... not truly a national phenomenon. The closest national phenomenon of racial privilege and prejudice exist in Malaysia whereby we can see everyday occurrences of the bumiputra privilege (hak istimewa) which is imbedded in the constitution. Therefore, cannot be changed,...

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,...

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.

Yes, agreed ! If any fixed-priced fund is to go variable-priced later on, ASM will be the first to 'get converted'.