Aiyo, cannot top up ASB1 and ASB2 anymore, ASB3 always complains about insufficient fund, now the next highest yielding fund after ASBx is ASM1.

only need to touch when buy house. So I can still whack from account 2. I'm old, few more years can start withdrawing also.

So inefficient. withdraw online la unker.

somemore minimize loss of interest from a hundred bucks. If friends n family hear me say this, they will condemn me to hell.

ohhh fully loaded already la. ASM 1 highest yielding for 2018. If you check a few years back further, sometimes the ASM2 and 3 gives higher dividend than ASM1. Best is balance piehole like everyone is doing. finish up your reserved quota only ASM1 la. If they give me quota, i definitely will utilize first.

Haha first thing come to mind for sport fishing is to fish for barracuda .

Probably over 1M already, so no issues with withdrawals.

Hopefully can reach 1m before retire. Then survive on dividend.

No la. EPF is guaranteed by kerajaan 1malaysia lama dan baru. So it's even safer than ASN. I always liked that, only undecided because of withdrawal restrictions. Now try try first. If problem then go back to 11% loh.

You should pray that I can survive with half my salary la. Less one city hunter to hunt your ASM.

Morning all,

Very commendable effort, living on 50% take home salary. Must have put some thoughts on how to achieve it. Do share with the younger investors, what change in lifestyle n how to manage emergency expenses.

Unker contrarion thinking, people keep worried invest into Kwsp, means money stuck long time. Well, isn't that the ultimate idea? Otherwise, if you consider ASX as a high FD account, wouldn't it also mean you likely to withdraw to satisfy immediate gratification instead of saving for real rainy days?

So, hopefully, you put some thoughts. Health, Employment & Luck cannot be taken for granted. Unker shud know better.

Unker keeps repeating like broken record.... Asset allocation. Irrespective how young, how tight budget, put little bit more % into Kwsp.

But Unker stops short of guaranteeing you will have better future. Little chance, better than no chance.

Wah how to get 1m before retire. Is it possible?

Can't agree more on the kwsp part. In my mid 20 now, can see many friends and colleague around me that complain about the amount deducted from their salary for epf.

But without epf, how we gonna survive after retire especially with how youngster spend money like water on water literally (bubble tea, hotpot) and also branded stuff and big cars. Maybe FAMA bank? If got FAMA bank then good for them but some just "follow trend" by spending all their saving. At last only regret in their old days.

Really wish our education system add in financial topic for the future generation and not only sejarah, hubungan etnik etc. Not saying that those are not important but financial knowledge is equally if not more important than the other subject.

Just my 2 cent

you guys think is it worth buying ASM/ASM2/ASM3 from people who sell it at 2% extra?

can treat it as FD rate at the first year and save all the hassle of captcha-ing.

Bravo, young master!
As long as Unker manages to reach out to 1 like-minded investor, Unker happy liao.

On the 3G, 4G subject. Unker realized Sim n Digi 4G, but Unker phone setting was locked on 3G.

Just changed to 4G this morning, spamming so far fast n continuous....

Unker has become a more formidable ASX hunter. Hahahahaha. Ultimate power 4G!!!!! I now only need the Time Stone.

Yes! The 2% is just a one time cost.

If you hold for >> 2 years... Its already more than gain back. Compared against FD. Subject to historical performance.

Let me know, who's willing to sell $1 mil.... Save Unker lots of time, can then go concentrate on work.

Through the self contribution thingy and the compounding dividend la. Emergency expenses sell ASM and sell myself.

As above

only people here think like this la. people outside don't. they'll even laugh at you being a cheapskate.

your digi friends n family complain epf deduct too little?

yeah FAMA bank possible. as Gen Y and Gen Z, most parents quite loaded.

yes if amount is big. small amount not worth. i also thought of this trick before, but my digi friends n family have very little.

Saw this in TheStar

EPF a safer investment

LETTERS

Wednesday, 19 Jun 2019

IN the late 1990s and early 2000s, mutual fund companies used to declare dividends in double digits. But in the past 10 years, these have dwindled to single digit.

I invested in one growth fund in 1994 at the price of RM1.24 and today it is only in the region of RM0.40 to 0.45sen. This is a drop of more than 60% from the day I started the investment.

Dividends are being declared in paltry sums for most of the funds just to keep investors happy and to maintain them in order to retain the 1.5% management fee. Is Bank Negara aware of this?

Five years after investing my EPF money into mutual funds, the return is in the negative region. I would have earned at least 6% in dividends if l had kept my money in EPF.

FELT CHEATED INVESTOR

Sauce: https://www.thestar.com.my/opinion/letters/...E0zlvvFVyPaB.99

hahaha. what is the maximum % that you guys willing to fork out to "buy" other people ASM1/2/3 units?
and what's the reason behind?
thanks.

someone I know who used to work in bank 1negara as some higher ranking officer used to say - never withdraw your 1money from EPF unless really cannot source elsewhere. Dividend is much higher than alternatives. So I think buy house is ok, trust fund never ok. ASMx is the only trust fund I ever bought.

1 to 3% should be okay
Reason? No need to spend whole day pressing captcha and pray to get lucky to get 1k or 2k.
The time spend on captcha can use to do other stuff that might generate income or up our work performance or maybe watch drama Idk.

Edit: I'm not buying any cause just started work. Poorfag still. Every month captcha for 1 day can already reach my target lol.

This post has been edited by neverfap: Jun 19 2019, 10:52 AM

hahaha I try to offer 2% first see whether he wanna sell or not.

Wah! Got people willing to pay up to 3%?

I should start a service with my automated trawler boat.

1 customer a year like unkerpanjang also enough for me liao.

200 ASM1. Tried 1k whole morning, habuk pun tarak.

I think 2% also, though I always thought of 1%.

agreed

I thought you are at your friends n family already asked for 2% stage. you're courting him to sell only? good luck with that. for someone who has a lot of time to catcha, he just might consider it. If he's smart, he won't, unless he needs to raise cash. For that 2% extra, he stand to lose dividend until he gets to buy back. Lose 0.8% a month

2% of $1m is $20k, would be cheaper to hire a full time captcha entry person.