Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed

Outline · [ Standard ] · Linear+

 FI/RE - Financial Independence / Retire Early, Share your experience

views
     
MeToo
post Nov 20 2019, 12:19 PM

Look at all my stars!!
*******
Senior Member
9,333 posts

Joined: May 2009
QUOTE(MGM @ Nov 20 2019, 12:15 PM)
From OCBC:
Important notes
Terms and Conditions for Premier Private Client

How to qualify as a High Net Worth Individual (HNWI)?

The value of your net personal assets must exceed RM3 million (or its equivalent in foreign currency); or

Your gross income in the last 12 months must be no less than RM300,000 (or its equivalent in foreign currency); or

Your gross income jointly with your spouse in the last 12 months must be no less than RM400,000 (or its equivalent in foreign currency)

This rm3 million must be invested in OCBC to qualify, or your total net worth?
*
Those are not a good measurement of HNWI.

With only those as benchmark, we are still staying in a terrace house, driving proton jap cars, and tarpau food at hawker stalls.
MeToo
post Nov 20 2019, 02:30 PM

Look at all my stars!!
*******
Senior Member
9,333 posts

Joined: May 2009
QUOTE(icemanfx @ Nov 20 2019, 01:32 PM)
Only about 0.2% of adults in this country have >$1m net worth.

If bank is not the appropriate people to define who is hnwi, who would be?
*
That stats just goes to show Msia is a ridiculously low income nation.

Its nice that the bank tell me I'm a HNWI, but I certainly do not feel like it... and my peers in the same range agrees.
« Next Oldest · Finance, Business and Investment House · Next Newest »
 

Topic ClosedOptions
 

Change to:
| Lo-Fi Version
 0.0678sec    0.41    7 queries    GZIP Disabled
Time is now: 4th December 2025 - 02:29 PM
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Removal Request
Powered by Invision Power Board © 2025  IPS, Inc.