Even the ASNB staff this morning tried to fool me by saying no quota and asked me come back another day. Thanks to all the sifu here i said i'm going to take another number and wait. She immediately replied : Janganlah, saya cuba buka satu akaun untuk awak. I waited 5 minutes then she called my name and said managed to open ASM for me.

From RM100 this morning, I now have RM20k in my ASM account. Buying ASx now has never been easier.

ASM hard to get meh??
Normally its ASW2020

U really lucky. Most of the time i'm not able to top up ASW, only ASM able to top up.

faster try now ASM. i just topped up some

Ok. Let's be practical. This is a DIY for people with kids earning RM5-6k. Takkan cannot save RM1k/month? Even RM500/month also can. Even users of certain credit card can get RM600/year free of charge.
1. Have a emergency cash supply of say 2 years first. At RM1k/month = RM12k/year At RM500/month = RM6000

2. Get whole family insured with medical insurance (no need those that pay you while in hospital - get only those that cover hospital bill). This is because medical bill can wipe out one's savings unless want to stick with govt hosp. For me, I am pro govt hosp but let's not get into that. The decision is up to one to make.

3. Once have emergency cash supply, start accumulating warchest. At RM1k/month = RM12k/year At RM500/month = RM6000
Best place for emergency cash supply and war chest is amanah saham. Nothing is so liquid and give you 6% p.a
- At the same time, amanah saham is doing the heavy lifting for you of growing your money.

If don't want amanah saham, dump your money into Nestle. Give dividend + price never drop. If you look at the graph, it's practically a straight line.

4. Don't bother about applying those RM50k priority bank services as those are "nama sahaja". Don't get better forex rates. Besides by parking with the bank say FD at RM50k, one lose out to amanah saham and Nestle.

5. When salary increase/bonus datang, put it away. Do not upgrade lifestyle. Do not spend your bonus. By doing this, you DO NOT SUCCUMB to lifestyle inflation.

6. Now for the fun part. Since we are earning so little and have so little ammo,  which country to invest in. Don't go pick US/EUR/UK. Why? The currency so big. Our currency so small. So what to do? Pick smaller country currency - SGD/AUD/HKD (HKD is basically only 2x our currency even though pegged to 7x USD. eg HKD10000 = ~RM5000)!!! RM still got hope.

7. What to invest? Unit trust can, dividend stocks can. ETF only for S&P500. Rest all not worth using ETF. Most of them can start with 1000 denominator (depending on what you buy)!. No need big amount. I personally invest in dividend stocks as they will be paying me in forei gn currency which I can use to pump it back when opportunity arises and further increase my dividends in the future.

8. Opening investment account need bank account/local address. Let me tell you Not necessary for country like SG/AU/HK. This you need to do research see which broker/investment firm let you do so without a local bank account/local address.

7. But so busy where got time? All application is done via normal mail/online. There's no need to fly here and there. The most is get documents verified by commsioner of oath.

8. How about exchange rate? Bank's exchange rate sucks. Yes. That's true. We have no choice but to suck up to them. Shop around for bank exchange rate. Some banks offer promo prices starting from RM5k onwards. Some RM20k onwards. You will earn back the spread eventually.

9. But SGD3k/AUD3k/HKD6k earn so little return. Everyone starts somewhere. If want quick, learn trading/put into JJPTR.

A very good eg.


Although this guy is a SGrean earning SGD, what he say can be apply to us. Save like mad, no holiday vacations overseas That's always a tradeoff. You can't have everything in life. YOu must sacrifice something to get something. Either one save like mad and enjoy the fruits later, or give in to lifestyle inflation and work harder later on.

Well that's a trade off. You want to enjoy life, you need to fork out money. For me, I prefer that companies paid for my enjoyment via their dividends so I don't need to fork out a sen! That's delay gratification.
Take and maximise what's available as govt are giving us tax relief, they are earning less money. Like PRS. It's supposed to continue until 2021. After that, we don't know whether it wlll be continued or not.

Anyway, ini semua OT. We should be discussing how to maximize amanah saham.

As mentioned earlier,
- emergency savings
- warchest

If certain people can use it as a savings account why can't we? Nowadays got online topup. No need to go to banks and beg and beg... All savings just taruh inside while waiting for good price of stocks you are eying/good rate to transfer the money out.

No idea. What I know PRS, EPF, RM2500 personal relief, parent's medical, SSPN if got kids
CIMB-Principal Asia Pacific Dynamic Income Fund and Manulife India Equity Fund

I never own a car more than RM100K whereas most of my peers drive BMW/Audi/Merz.

I live in a linked house despite affordable for semi-D or bungalow, rather bought few properties as an investment.

I bought bulk goods during promotion.

and .....many other ways

The concept is living below your entitled class. If you are earning RM8K now, live under self illusion that you are earning 5K only. So, adjust your living standard according to RM5K.

In the real world, most people who earn RM8K, actually, live under illusion of earning > RM10K. So, they spend what they should not. They are not qualified for those living materials or entertainment.

That explains so many junior executives drives new Japanese or European cars. Should them use their future money so much?

Have you calculated how much they can save in their whole life if they delay owning these cars, or buying a cheap "domestic" car.

He got post..
Post at multiple thread & section...


Wanna reply, see no more..the account also deleted..

Yes. That's why some people got huge amount inside.

Yes. That's why some people got huge amount inside.

No.
Of course Singapore. Imagine buying stocks at depressed price which give you >10% p.a dividend

Possible meh 10% dividend stocks? Yes. Proven by this blogger.
http://singaporeanstocksinvestor.blogspot.com/

The key is be patient and sit on huge pile of cash.

Don't worry. I have full faith. Not everyone have balls of steel unless you are a A.I investor.

Take the selldown in Nasdaq as an eg. Nasdaq selldown, SG tech manufacturing stock also experience a sell down. If you want to talk about reits, even though interest rate is fixed, but it's only fixed for few years then the reit manager have to refinance again. That time, they won't get lower rates anymore. They will have to pay higher rates. It's inevitable.

We just need china/us to start the trigger and you will see people panicking.

That's why I am not buying anything anymore. Keeping cash. Not even unit trust except maybe amanh saham again.

I'm waiting for it..

Wait wait till hair become white & have grandchild also don't have yet

already ending of the month..

some smart people started topping up this week instead of next week (last week of the month) 

Actually every day also can get units. As long as you keep trying at myasnb. To get 6 figure units basically you just need around 3 days on average.

Where can we find more information for Survivors and Beneficiaries of fund holders? Is that found in the MyASNB portal?

MGM, thanks for the heads up.

http://www.asnb.com.my/v3_/asnbv2_3service...rituntutanharta