I am not talking about PIDM here. I am talking about the interest being fixed & guaranteed by the bank meaning you will know how much you will be getting back on maturity. As for ASx, we won't know the returns until distribution is declared. This would depend on the performance of the underlying stocks. You risk getting nothing at all if the performance is really, really bad even though the chances of that happening is really low. As for the principal, it is guaranteed by the bank while ASNB does not guarantee your capital although the price is fixed at RM1. So, I would say it's low risk but not as low as FD's.

diversification is the key. gold, property, foreign investment

no charge for selling/ buying ?

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.

NOTE: This is not my statement. Statement belongs to Dividend Warrior (his post can be seen in the link below)

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.

certain points are valid, but again what is the purpose of living just to save? need to have some balance with life quality.

Thanks bro, prs gonna do some research.

Abt fund, KGF still one of the top?

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!

Hi, thanks for the advice. You might be right. I might have a whole lot of determination now but I might also cave it to spend on other stuffs in the future haha.

You have a great weekend ahead! 

since register last week myasnb...everyday i try to buy 1k for as1m and asw2020 but never successful...haizzzz

Guys, sorry for asking noob question. How to register and buy fund from myasnb?

I haven't really follow the procedure. I went to maybank and update my phone no. Is that all is needed? I heard something about account no and maybank people blur that need to update account no + can buy online now.

Need somewhere to park my money. No more eGIA-i so use this as parking.

I can use my my no ahli in my book right?
Correction. Topup max amount in EPF for income tax relief. Don't topup more than needed and divert the rest to amanah saham. That way, money masuk EPF, income tax also reduce. Win win situation 

Abandon my amanah saham since SGD so expensive now, SGX counters also expensive, UT also so expensive. Need to find parking place...
Updated my phone no. at maybank, MyASNB protal not showing my phone no. Geram 

Hi All sifu and sigong here,

Just want to ask,

I Bought my Amanah Saham Malayia Via RHB Bank as my agent.

Let say i want to withdraw now, can i withdraw in other bank? such as CIMB.

Thank you

Sifus,

I was wondering if I want to open an account for my parents but don't want to push my luck on the availability of the units for all 3 ASx.

Is it okay if I tell the counter to purposely withdraw some from my account just to open new account for my parents ?

Bro, my last transaction for ASM was indeed on 14th May for 5 digits. Like I said no reason for me to lie. I'm just telling you guys that it is available if you keep trying the captcha. After 14th May I focused on buying as1m and asw. Cos quota filled for ASM already.

Edit: I went into myasnb last night to take a photo of transaction. Then found out that Lyn cannot upload photo directly. Then I thought about having to photoshop out the transaction details. Then I got malas, because I have to do all these to prove a point which doesn't benefit me? I'm just sharing ya, it's your choice to believe or not.