No risk if you used your own money. Risky if you depend on "leverage". Yes you embarrassed yourself again.

L O L

Own money = No risk?

Bank money = Got risk?

What logic is this?

Good luck to your sophisticated investments.

I shall just rest my case here.

Cheers.

And yet, I'm the one who has access to those products.

And you have to depend on something like "leveraged investment"
I've seen many of yr ilk promoting leveraged investment like its a heaven-sent strategy to make money. I laugh.

And again n again, i have to repeat myself - when you guys argue please read the whole thing la - i repeat in simpler english (last time yeah)

Limpeh never said leveraged investment can't earn you money. Limpeh just say its risky (very risky) - not worth my time. Limpeh also say go ahead and do that, because for those have trouble understanding concept, they always think very smart but have trouble listening advice. You want to listen, good for you, my life is the same. You don't want to listen, its ok, my life still the same.

One day bank send "men in black" find you to chase you repay money, maybe can ask them. What logic is this?

Thank you. Next time you want learn more, can DM me. I still will help out.

Limpeh says ....let the readers decides who is right and who is faking to know (I am the one faking 90% of the time )

saying leverage investment on ASN loan with leverage in property is the same, (not realising that there are differences in both of them)
suggesting to save to buy property with bigger down payment instead of building a credit score to get loan.....(yet not realising h/l is the "cheapest" loan)
saying ASNB FP loan is highly risky, yet.....
saying all that above while are an investor in products like Local High Yield Bonds + MTNs, Dual Currency Investments, Foreign-denominated Bonds and Structured Investments (Interest-linked, Index-linked), etc

you are good to come in here at FBIH-LYN.....to enlighten us more about your "views" ...hopefully many readers can see your "views" and tell their friends ....

No problem, what I advice, ppl want to take it as fact or air (can read my explanations to my view). But those preaching leverage investment until now have no solid reasoning (just fake promise of "gain" like salesman like that - doesn't explain risk doesnt explain the other side of story)

don't think ASN loan n property LI is exactly the same, but fundamentally still the same crap, risky.

yes highly risky, yet... never continue...

h/l is not the cheapest, hire purchase (car loan) is. bro at this point why u want to argue.

still an investor in those, and still saying what i said. i hope instead of u do leverage investment, you invest in yourself to go study some finance n investment classes first, before trying to make quick buck with the wrong mindset.

This post has been edited by cfkoon: Jul 27 2018, 10:01 AM

with this statement (in RED).....

".....you invest in yourself to go study some finance n investment classes first, before trying to make quick buck with the wrong mindset.".....is very true indeed for those that believe the RED to be so....



.......pls go ahead with this thinking, at the end of the day, that's your opinion. on the opinion of other forummers, you want to listen, don't want listen, its fine. I believe you have met many ppl who failed because of failed/misunderstood mindsets.....

end of the day is the readers will have to have a wisdom to know and differentiate the truth of what were posted here for many forummers had not learnt to be responsible for what they preached.....maybe due to stupidity or naiveness or had their own intention preplanned, etc, etc....either 1 or a combination of all

hahaha its fine, many ppl can't accept their own shortcomings and inexperience, but opinions must be rationale. no rationale don't argue - just let it go, save your ego for another day (this advice will come in handy yeah)

I agree on your statement on the readers - readers make own judgement.

opinion may be rational, even with rational... but when the maths had proved that the rational opinion to be wrong...it will be wrong too; even if the opinion is rational in the view of the giver of opinion.

just hope that his/her parents/relatives knows what had been posted and realised how effective or worthy had their money had been spent on providing the education to the giver

and the maths on the truth or myths of car loan is cheaper than housing loan had been posted many times in here too

its ok dont blame your parents, you should have worked hard to study more.

Oh now u talking about the "backstory" of car loan vs house loan - this one everyone also know - you merely asked for cheapest loan, next time dont say half half, cause confusion. later your parents get even more sad.


Lazy to reply new thread, so just edit here - cheapest rate still car loan. fact. now if talking about the underlying "value" of cost of car loan vs house loan, probably not. car is depreciating asset, provide no income generation , real estate appreciating asset, and provide income opportunities. hence the value.

This post has been edited by cfkoon: Jul 27 2018, 11:36 AM

Few posts up...someone said hl is not cheapest but car loan is.
who is that someone......??

an again.....another mistake.... to assume that "cheapest rate still car loan. fact". when comparing against property loan...especially when 1 is just looking at the interest rate % (ex; car loan is 3%, while housing loan is 4.5%)
you are not the 1st one to have thought that.

hire purchase loan rate may be cheaper than housing loan rate, if the rate are still lower AFTER converted to housing loan type

the type of loan type is not the same...one is flat rate and the other is not.

btw, working hard and study hard is of no use, when one does not have the wisdom to learn and be learnt.




This post has been edited by MUM: Jul 27 2018, 05:27 PM

its funny that TS created this in order to avoid the hijacking the ASB loan thread and now the ASB Loan discussion is here

TS, my personal opinion is simple, honest and comes from personal experience. hope you like it better than listening to people throwing jargons around to feel superior. since you are talking about credit score, banks would like to see a few things: 1) has a relationship (use any of their product) 2) evidence of ability to pay that relationship 3) Prompt payment of those relationship

try imoney.com to see which CC has minimum salary to apply of 2000 (i think thats the minimum as it gets) but if you do get it, please please know that it is a double edge sword and it is always tempting to know that you have that credit limit that you are able to spend. In other word it can end up hurting your credit score much more than having unknown credit score

personal finance is 80% behaviour and only 20% math. I would equip myself if i were in your situation with budgeting knowledge such as zero sum budgeting (i find that this is the best method for sticking to budget) because if you have this then you yourself can tell whether you can afford a car or a house rather than rely on credit score hoping it will tell the bank you are qualified or not. Banks always wants to give out money to qualified person anyway, no need to fret too much as long as you take care of your money in (income) side of things.

Where ASB Loan comes into picture, NOT because it is no risk, but because it is FORCED savings. it wont hurt your DSR much if you are just in it to create that relationship dont take that big of a loan and max your term. it tick all the boxes,
1) it is not that hard to get (my wife 2.4k salary can get 100k approved easily) banks are practically paying people to give this out for reason no 3
2) have a relationship with bank, show you can make prompt payment AND make money while you are at it
3) if anything happen cancel anytime, yes you may lose money in the event that the dividend is lower than interest, but it is limited to what you already paid, there wont be people chase you to pay back the loan (like some are suggesting because they dont understand capital guaranteed) unless Malaysia (yes the whole country's government) is bankrupt but if that happen you have much more things to worry about than your credit score

What other alternative? Personal loan, please avoid at all cost unless you like to give yourself a long time stress and very short term happy feel. if you say what if use for investment or business, then i agree with cfkoon, your loss here is guaranteed but your return isnt.

This post has been edited by feiraron: Jul 27 2018, 12:27 PM

Personally very good advice, kudos this is the kind of rational explanation that should be more present here. I agree with most of the stuff.

Other than that, its ok we are all grown up, no need throw anonymous shade haha. Can directly just quote names, its not like you are doing it directly to my face, just through a lowyat forum.

good job though.

This post has been edited by cfkoon: Jul 27 2018, 12:51 PM

For pledged FD, can withdraw later onot?

sure can...
just that what ever money due from the unpaid balance of amount spend by the card must be repaid before hand

Thanks! But FD have its maturity date. I suppose that once the FD matures, the money (+ interest) can get back? Or still have to repay unpaid CC balance first?

Fd a/c and cc a/c are different.
Depends on what option you selected for the interest to be chanelled to.
Pledged fd is linked to yr cc card. No fd no cc

1tanmee like what MUM said for the interest portion.
if you want to continue using the card, the FD will auto-renew at maturity.
generally speaking, to uplift FD, you will need to cancel the card first.
you should ask bank for details, differ from bank to bank, some allow to you request for credit review after 6/12 mths to undo the pledge, but still let you have the card upon approval.

Thanks both for the reply! It is clear now

Go with asb financing. Max 30year tenure so the monthly comitment will be less. You will improve your credit score & got some saving to. You also can cancel asb financing anytime 😍