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> Ultimate Discussions of ASNB Fixed Price UT, Magical UT only in Malaysia

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veera77
post Nov 17 2018, 04:35 PM

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QUOTE(vanitas @ Nov 17 2018, 07:58 AM)
1. 22.4k compound 15 years at 6%, equals to 53683.
2. 28k loan for 15 years, monthly installment 179 (from ptptn website), or 168 (from loan calculator), not sure which is accurate.
3. If using 179 to invest in asnb monthly for 15 years, you get 51607.
4. Variable - 6% dividend is not confirmed, future not sure still can easily top up asnb after going out for work.

My opinion, if the student is financial savvy - e.g. he/she can generate way more than 6% after Bursa crashed, go for option 2, else go for option 1.
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Thanks @vanitas..agree with u smile.gif
Point#2, yes..The ptptn monthly installment is RM179.

After further details calculation :
For 28k loan, The total PTPTN interest is 23.33 (ujrah) + 1.27 (insurance) = RM24.70 per month.
-net interest, For 15yrs = RM4,446
- Loss of 20% discount = 28k*20% = RM5,600
- Total = RM10,046

Invest RM22.4k in PTPTN @6%, 15yrs, as per your point#1 RM53,600, return RM31,200.

If i go for lower return @4%, 15yrs compunding, is RM40,300, about RM14k return.

Finally, we decided to go for Option 2, for my niece. She have some saving from intern allowance and started to work 6 months ago. Thought we join hand and kill the loan before 31dis, but now change the plan to Option 2.

Thanks again @vanitas to give some lead smile.gif
veera77
post Nov 17 2018, 06:26 PM

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QUOTE(vanitas @ Nov 17 2018, 06:18 PM)
Not sure what are the hidden fees, if I use loan calculator, 28k for 15 years at 1% interest, monthly repayment is 167.58, but in his case is 178.89, which is 1.9% in my loan calculator.

Anyway, don't off topic too much in asnb thread. I also scare kena kicked. Haha
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Not off-topic I believe ...i bringing this topic to compared between dumping that RM22.4k in PTPTN vs ASNB...which is real scenario which i’m considering now.

By the way, thanks a lot for pointed out some important points which i missed.

I will closed this discuss and back to top up figure discussion tongue.gif
veera77
post Nov 17 2018, 06:43 PM

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QUOTE(prototype @ Nov 17 2018, 06:38 PM)
that 1.68% is a one time fee for a 6 months period loan

totally not the same
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More details attached..google hlb 1.68% can view full tc

This post has been edited by veera77: Nov 17 2018, 06:43 PM


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veera77
post Nov 17 2018, 09:31 PM

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ASM fever smile.gif
veera77
post Nov 18 2018, 12:02 PM

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QUOTE(lucifah @ Nov 18 2018, 11:49 AM)
nvm la... u want to go own with yuour 9 yr car loan also can

some people, especially me, never like any kind of loans. i do not like the feeling of being "owned" by the banks or anyone

i would rather have zero asset / money rather than like many so-called property master with 10 houses, drive big cars and use the so-called leverage & owe the banks all their lives and is vulnerably exposed to any economic changes

no man... that's not what i want. the last thing i want is to die leaving huge debts to all my kids. no matter how many real estates or assets you have.

different people have different appetite, but that doesnt mean that they are ignorant
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Bold - Agree with u man smile.gif
veera77
post Nov 18 2018, 12:18 PM

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QUOTE(lucifah @ Nov 18 2018, 12:14 PM)
the time spend to settle the loan, and monies paid to lawyers for facility agreement, and not to mention penaltis (if applicable) for early settlement

no sir / madam. i dont have time or patience or money (LOL) for that.
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Also to mentione, the property document are much safer in banker hand rather u keep around tongue.gif especially without strata property...big bunch of starta document to hold till developer ready for strata application.

This post has been edited by veera77: Nov 18 2018, 12:19 PM
veera77
post Nov 18 2018, 12:33 PM

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My ASNB target very simple...

If i have 1 million debt with banker...then i want equal amount in ASNB..

So when i die, my family have enough fund to close my debt smile.gif
veera77
post Nov 18 2018, 12:42 PM

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QUOTE(lucifah @ Nov 18 2018, 12:37 PM)
shall we call it as "debt neutral" ?  biggrin.gif
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Exactly..lol

Debt will reduce by time, ASNB will increase by time..so i have excel spreadsheet which will show break-even point for ‘debt neutral’ smile.gif
veera77
post Nov 18 2018, 12:49 PM

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QUOTE(DBHILUHDAQWISRTNJ @ Nov 18 2018, 12:45 PM)
Haha,I pun pening .
So which way is better ?????
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Our own way always best way smile.gif

I realised financial mathematics is most complicated from my engineering mathematics...lol
veera77
post Nov 18 2018, 02:07 PM

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QUOTE(DBHILUHDAQWISRTNJ @ Nov 18 2018, 01:12 PM)
Ic.
Before apply must confident can pay on time.
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exactly, do not commit loan if you are not confident can pay consistently...otherwise our credit score koyak...

same apply when we swipe CC..
veera77
post Nov 18 2018, 03:04 PM

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QUOTE(vanitas @ Nov 18 2018, 03:00 PM)
Not really, it was about pay car loan or put in ASX.
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make sure to add 'ASNB' or 'ASX' or 'top-up' word in each post....otherwise kena kick or kena red card devil.gif

This post has been edited by veera77: Nov 18 2018, 03:08 PM
veera77
post Nov 18 2018, 03:10 PM

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QUOTE(nexona88 @ Nov 18 2018, 03:06 PM)
ahhahaha...

it's error 068 all the way  puke.gif
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its like University....only active during early semester...for us after dividend declared, all active top-up....

after that...do something else...for us discuss off-topic...

close to final exam...busy study again....for us we start guessing what would the dividend...

thumbup.gif thumbup.gif thumbup.gif thumbup.gif
veera77
post Nov 18 2018, 03:13 PM

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QUOTE(DBHILUHDAQWISRTNJ @ Nov 18 2018, 03:09 PM)
Hehe ,Good idea , but better don't challenge madam.

Once kena kick , no place to blow water .
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sweat.gif unsure.gif

veera77
post Nov 18 2018, 03:19 PM

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QUOTE(nexona88 @ Nov 18 2018, 03:14 PM)
well what to do...
after dividend only can get substantial amount  rclxm9.gif
after that ikan bilis one  only...
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true also...especially ASM1

with too many market uncertainity...many shift to safer heaven...like ASNB and FD...more difficult to get ASX units... cry.gif
veera77
post Nov 18 2018, 05:39 PM

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QUOTE(kkk8787 @ Nov 18 2018, 05:16 PM)
Later they make mistakes help me sapu all VP
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Lol !!!!!
veera77
post Nov 19 2018, 01:16 PM

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QUOTE(nexona88 @ Nov 19 2018, 12:40 PM)
muahahahah  rolleyes.gif  sweat.gif  rclxs0.gif

user posted image
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QUOTE(Bingsokimchi @ Nov 19 2018, 01:05 PM)
[attachmentid=10113295]
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28,888 more ong thumbup.gif


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veera77
post Nov 19 2018, 01:19 PM

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QUOTE(DBHILUHDAQWISRTNJ @ Nov 19 2018, 01:17 PM)
Walao , u guyz so fast got money top up.
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never top up...after try and then cancel...just to show-off here.. he he
veera77
post Nov 19 2018, 01:24 PM

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QUOTE(nexona88 @ Nov 19 2018, 01:21 PM)
damn...
so big amount  notworthy.gif  sweat.gif
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but no bullet to proceed for payment bye.gif
veera77
post Nov 19 2018, 03:05 PM

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deleted

This post has been edited by veera77: Nov 19 2018, 03:23 PM
veera77
post Nov 19 2018, 03:07 PM

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QUOTE(lucifah @ Nov 19 2018, 02:42 PM)
just curious, bumiputra quota?
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Indian 30k ASM3 quota....anyway my balance + 28,888 already exceeded 30k...but still can get with single attempt...i think a lot of available unit for Idian in ASM3...

tried again now with 30k...still can get with single attempt...

This post has been edited by veera77: Nov 19 2018, 03:14 PM


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