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> ASB 2 investment, Advise needed

SudahInsaf
post Feb 11 2019, 11:31 AM, updated 2w ago

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Im currently holding ASB 1 , money grow around 380k after 9 years of savings without removing any dividend . To do this , i took loan from CIMB at 4.8 % for 25 years .

I'll be paying CIMB monthly around RM 1100 without missing .


May I know if it's worth it for me to take personal loan for ASB 2 and do the same thing . The thing is personal loan's interest rate is much higher ( Around 6 % ) and repayment duration is lower ( Max 10 yrs ) .

Do you think the risk is worth it ?
arepit
post Feb 11 2019, 11:39 AM

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QUOTE(SudahInsaf @ Feb 11 2019, 11:31 AM)
Im currently holding ASB 1 , money grow around 380k after 9 years of savings without removing any dividend .  To do this , i took loan from CIMB at 4.8 % for 25 years .

I'll be paying CIMB monthly around RM 1100 without missing .
May I know if it's worth it for me to take personal loan for ASB 2 and do the same thing . The thing is personal loan's interest rate is much higher  ( Around 6 % ) and repayment duration is lower ( Max 10 yrs ) . 

Do you think the risk is worth it ?
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not advisable...

better you wait for asb2 to reopen back and apply asbf2...

sometimes around april if I am not mistaken
SudahInsaf
post Feb 11 2019, 12:03 PM

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QUOTE(arepit @ Feb 11 2019, 11:39 AM)
not advisable...

better you wait for asb2 to reopen back and apply asbf2...

sometimes around april if I am not mistaken
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They open yearly ?
arepit
post Feb 11 2019, 12:09 PM

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depends...if there are those who sold theirs
nexona88
post Feb 11 2019, 04:07 PM

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QUOTE(SudahInsaf @ Feb 11 2019, 12:03 PM)
They open yearly ?
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now u try. get this error biggrin.gif

user posted image
SudahInsaf
post Feb 11 2019, 04:51 PM

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QUOTE(nexona88 @ Feb 11 2019, 04:07 PM)
now u try. get this error  biggrin.gif

user posted image
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Ive 190k available
shodan11
post Feb 11 2019, 09:19 PM

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I wish ASB2 financing to be back soon..though I dont have extra disposable income to max it.

Maybe 50-100k loan..hopefully.

This post has been edited by shodan11: Feb 11 2019, 09:20 PM

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