financially responsible person also known as stingy....at least stingy person don't fake their social status

many living in hi fi life...but pokai in actual...

dividend yearly and pro-rate till dividend date..

only loss dividend for whatever amount withdrawn...

basically, it uses monthly lowest amount to calculate dividend...

thats why after salary masuk....we all rush to top up before 1st...so that your money will start work for you immediately..

for me salary date 28th...remit to Malaysia will take one or two days...if weekend and public holiday then habis sangkut..

so i only hv 1-2 days top up to start earn dividend immediately...otherwise rugi one month dividend

Whatever the Budget outcome...just go through each and every point and look for any ‘gold’ which could benefit u and your family..this what i do every year...

What i got from last Budget
- RM500 bonus fr SSPN Geran Sepadan for 7-12 yrs kids (still not too late, still available)
- 15% (RM250 cap) from EPF SP1M for self-employed, working overseas and home-manager.
- AS1M 30k Indian allocation (which I didn’t utilize in full since I prefer ASW)

Lets look any this time...will share if anything relevant to this forum...

Indian usually invest in property, gold and FD...also many into Insurance company endowment saving plan and Unit Trust...

ASNB still an ‘alien’ for a large Indian...i tried to convince many about this hidden gem...but 99% end up to deaf ear...

Budget 2019 update


Attached thumbnail(s)

When i was 27 yrs, i plan to buy newly soft launched apartment which beside LRT station...asked my close friend to buy due to location and its still in soft launch. Finally only me bought. Now the rental return is 11% and capital gain is almost 200%.

Last year told him about ASNB...thousand excuses and condeming govt funds...

Majority Malaysian mindset...u need to work to earn money and they don’t think how to make money work for us...

very less Malaysian could think how inflation eating our money...and how to keep money above inflation

This post has been edited by veera77: Nov 2 2018, 03:25 PM

It was not easy and bank rejected my loan application because payslip not sufficient...my 10% deposit almost got burned...luckily Citibank staff advised me to declare my part time home tuition income to LHDN to increase my credit score..

This post has been edited by veera77: Nov 2 2018, 04:18 PM

If i didn’t missed...capaital gain tax for stock not mentioned

For kids account, all three FP must open at counter. So, when go to counter, better open all three FP and keep...later easy to top up whatever available FP fund.

Yes all kids account must be link to eirther one parent account.

No need to open SA for kids...u can top up from parent account and even from anyone account.

* Important reminder : upon kids reaching 18yrs, kids account automatically will be upgraded to adult account. Further on, parent could not withdraw or have no control over their kids account.

This post has been edited by veera77: Nov 5 2018, 11:56 AM

As usual, have to try luck at counter. For kids account, usually the staff will try extra harder...no worries..
just bring kids original Birth certificates and parent original IC, with some cash...good luck

Talking about kids saving.

In Budget 2019, SSPN saving tax relief increased from RM6,000 to RM8,000 per year.

You could save more tax money plus get some dividend. Usually SSPN dividend much lower than ASx.

This post has been edited by veera77: Nov 5 2018, 01:06 PM

Whether Deepavali or not...ASM3 always very easy to get for Indian...thats we said 1.5billion allocation by previous govt is a purely political gimmick..

This post has been edited by veera77: Nov 5 2018, 02:09 PM

yes some Indian transferred their FD in to ASM3 during this 30k promo...but sadly many Indian still don't want to believe that govt fund could give 6% return...let them in their dream world..

also there was 5k interest-free for B40 Indian...but u need to apply through SEDIC which is controlled by MIC...therefore you just could forget about it....MIC will give to their friend/relatives..

on bigger picture, yes agree with you...ASNB should allow B40 (for all races) to get low-interest loan to buy ASx...or deposit the BSH (BR1M) into ASx rather than bank in....since ASNB just need IC and u can withdraw in any major bank....

This post has been edited by veera77: Nov 5 2018, 04:13 PM

yes B40 usually struggle to meet their basic needs...formal investment very far from their sight...for B40, the most important thing they looking for from govt is not cash money but their kids tertiary education...so that the next generation of B40 could upgrade themself to M40 at least..

tertiary education should be free for all qualified B40 kids ! thats is should be the real capital investment by govt on Malaysian

B40 would save that 100-200, if govt could guarantee tertiary education for their kids

Extra income for ASNB

new govt searching where all M40 & T20 hiding their money...

first attack is real estate gain tax...even sell after 5yrs also kena tax

2020 most probably stock gain tax....then slow slow come to ASNB...

This post has been edited by veera77: Nov 5 2018, 06:40 PM