I think FD also instant liquid...insofar as my experience with CIMB clicks. Only that you lose the accrued interest should you withdraw before maturity. Maturity could be monthly for some bank's FD.

instant liquid will always be

cash in hand/ credit card > savings account > fixed deposit / CMF > investment vehicles like UT and stocks>propeties

of course you are sacrificing interest with each tier you go lower. that's why I keep money in each tier so I don't have to sacrifice my returns.

800 in cash all the time.
16k for credit card limit
4k in savings.
10k in CMF
70k in stocks and UT
700k property to be sold if the need arises with loan against it for 414k

This post has been edited by Avangelice: Mar 6 2017, 12:41 AM

Gee. Ready cash only rm1.
No credit card yet.
Few k in eGIA-i.
Few k in asnb
Few k in FSM.

bro, the property is for own stay or invest?
u can always topup loan for cash.

haish... ram always the humble one eh? I know you got more stash hidden away somewhere bro.

I don't do property flipping so that house is for my own and future family. personally feel that property flipping brings bad karma as it affects other young couples who want to buy a home and we are the ones stopping them from doing so not the developers.

For those with ASNB account, you can now park your money (temporarily) with them via online instead of using CMF

Only downside
- Need to be done on 1st of the month and you cannot withdraw until 1st of next month or else whatever you deposit won't be counted.(eg, deposit RM1k on 1/3, withdraw on 15/3 the rm1k, your RM1k won't generate any returns unlike CMF)
- Withdrawal can only be done at the branch.

Happy planning.

Now everyone can earn 6.X% or nothing while waiting

how u eat? hahaha

Eat house food?

without a credit buffer, emergency cash cant cash out straight away leh..


I was once like you, straight CMF when allowance come, then withdraw a few days before needed..
But the hassle for a few cents..

strongly agree with the above though the season-ed property investor would not care...

PS: don't really need to argue about CMF vs savings account or CMF vs Fixed Deposit. it's a good tool to achieve a certain purpose. I have been using CMF as a tool to grow my savings as well. It is the parking place of my short-term savings, as well as transferring it to the equity funds when it’s time for me to invest.

While it takes 2 working days to liquidate, note that I am willing to sacrifice that over 0% in savings account or 3.00% for normal 1-month FD. When I accumulate enough, then I park it into promo FD giving me say 4% or something. Even that, it’s just for the cash I’m not investing. Even if I’m investing them, I still put them in CMF instead of 1-month FD before I move to other investing instruments. 3%+ is a lot for minimal effort.

This post has been edited by adele123: Mar 6 2017, 08:41 AM

My emergency is in eGIA-i. No need to wait 2 days to cash out.

if you ask me, said karma is not working fast enough. or maybe even heaven or hell don't want them so they're stuck here wreaking havoc still.

Aren't you guys imagine too much ?

You can't flip property if there is no demand.

Gone are the days of easy flipping.

girlfriend wanted to buy an apartment in kuching near my own home. brand new blocks by ibraco. on launch day each and everyone one of them have been snapped up and now being offered by property agents at a increase price of 30%. scalpers. piece of trash. they really don't need the money but greed fuels them.

Property flipping is still there if one person can hold the property for 5 years. Collect rental for 5 years then dispose it. Rinse and repeat?

That's not quite fits the definition of property flipping, even LHDN does not count that asset gain value as taxable. That's investment.

DEFINITION of 'Flipping'
A type of real estate investment strategy in which an investor purchases properties with the goal of reselling them for a profit. Profit is generated either through the price appreciation that occurs as a result of a hot housing market and/or from renovations and capital improvements. Investors who employ these strategies face the risk of price depreciation in bad housing markets.



Read more: Flipping http://www.investopedia.com/terms/f/flippi...p#ixzz4aVEDCD7y
Follow us: Investopedia on Facebook

or are you saying investopedia gave a "not so fitting definition of property flipping" as well?

Contrast it with Unit Trust buying and selling then.

well if you put it that way, then there's not much discussion to have about it.

What's your portfolio now?