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 Ultimate Discussions of ASB1/2-Financing, questions/comments/criticisms welcome

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ListenToTheWind
post May 2 2019, 02:30 PM

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QUOTE(wild_card_my @ May 2 2019, 02:27 PM)
After 5 years: RM274k in ASB
» Click to show Spoiler - click again to hide... «


After 5 years: RM188k outstanding loan balance
» Click to show Spoiler - click again to hide... «


After 5 years, if you feel like cancelling, you would still have earned RM86k, cash in hand For the uninitiated, the RM86k figure comes from RM274k value deducting RM188k balance that you owe to the bank.
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Boss, itu is provided BLR didn't naik or ASB didn't turun within that 5 years

Later got berita buruk like the TH habis

This post has been edited by ListenToTheWind: May 2 2019, 02:30 PM
iambloodymuch
post May 2 2019, 02:31 PM

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QUOTE(syyang85 @ May 2 2019, 02:29 PM)
Seems like by the end of 35 years.
Monthly investment is better than taking an ASB loan.

ASB loan net profit after 35 years : Total unit value - Total Repayment
                                                    = 1,812,450.97 - 416,665.20
                                                    = RM1,395,785.77

Monthly investment after 35 years: RM1,528,086.67
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wait for master to answer
goldrush
post May 2 2019, 02:32 PM

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QUOTE(FLYING PANTIES @ May 2 2019, 02:14 PM)
Only for bumi

Mehh
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TSwild_card_my
post May 2 2019, 02:32 PM

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QUOTE(0168257061 @ May 2 2019, 02:25 PM)
Good info. Keep it up.
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Thank you

QUOTE(Porie @ May 2 2019, 02:28 PM)
Whats your argument against “but ASB is haram”
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You can't argue and give fatwa if you are not one of these things below. You can only keep it to yourself, which is referred to (taqwa).

1. Appointed by the government in power
2. Educated in fiqh
3. Educated in the matter at hand (in this instance, Finance)

If everyone who belajar from their ustaz (who is not super qualified anyways, especially not in finance) is giving out Fatwa, the Islamic world would be quite in chaos - as in more chaotic than it is right now. In this instance, I would refer to the Majlis Fatwa Negara and the Fatwa Council in the SC. ASNB, as a Unit Trust Management Company (UTMC, just like Public Mutual and CIMB Principal) would be under the purview of SC.


This post has been edited by wild_card_my: May 2 2019, 02:36 PM
SUStikaram
post May 2 2019, 02:32 PM

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you can do the same with epf for instalment.

the power of compaunding

This post has been edited by tikaram: May 2 2019, 02:33 PM
goldrush
post May 2 2019, 02:33 PM

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The another question u have to ask yourself or who even help ASB to invest...

If u can get such a high return for ASB, why national debt still.....
syyang85
post May 2 2019, 02:33 PM

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QUOTE(wild_card_my @ May 2 2019, 02:32 PM)
Thank you
You can't argue and give fatwa if you are not one of these things below. You can only keep it to yourself, which is referred to (taqwa).

1. Appointed
2. Educated in fiqh
3. Educated in the matter at hand (in this instance, Finance)

If everyone who belajar from their ustaz (who is not super qualified anyways, especially not in finance) is giving out Fatwa, the Islamic world would be quite in chaos - as in more chaotic than it is right now
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word....
TSwild_card_my
post May 2 2019, 02:34 PM

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QUOTE(syyang85 @ May 2 2019, 02:29 PM)
Seems like by the end of 35 years.
Monthly investment is better than taking an ASB loan.

ASB loan net profit after 35 years : Total unit value - Total Repayment
                                                    = 1,812,450.97 - 416,665.20
                                                    = RM1,395,785.77

Monthly investment after 35 years: RM1,528,086.67
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QUOTE(iambloodymuch @ May 2 2019, 02:31 PM)
wait for master to answer
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Simple

You forgot to calculate the fact that when you are doing cash monthly-investment you would also be making the RM902 monthly payments. Which is RM1,528,086.67 - 416,665.20 =

A) Loan: RM1,395,785.77
B) Cash: RM1,111,421.47

Lion Cut
post May 2 2019, 02:35 PM

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QUOTE(wild_card_my @ May 2 2019, 02:27 PM)
After 5 years: RM274k in ASB
» Click to show Spoiler - click again to hide... «


After 5 years: RM188k outstanding loan balance
» Click to show Spoiler - click again to hide... «


After 5 years, if you feel like cancelling, you would still have earned RM86k, cash in hand For the uninitiated, the RM86k figure comes from RM274k value deducting RM188k balance that you owe to the bank.


Depends if the banks would respond to the OPR decreasing. If they don't shame them. OPR naik they naik (in fact, for some banks OPR tak naik pun, but they tetap naik the BR)
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so if we cancel after 5 years
dont have to pay any cancellation fees, penalty etc? any hidden fee or what?

how much is the installment for 35 years rm200k?
syyang85
post May 2 2019, 02:36 PM

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QUOTE(iambloodymuch @ May 2 2019, 02:31 PM)
wait for master to answer
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oh. i just realized. there is 200k limit.
so the calculation for the monthly investment is only valid until it reaches 200k.
Then kena tunggu another year to let it compound to break the 200k limit.
iambloodymuch
post May 2 2019, 02:37 PM

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QUOTE(wild_card_my @ May 2 2019, 02:34 PM)
Simple

You forgot to calculate the fact that when you are doing cash monthly-investment you would also be making the RM902 monthly payments. Which is RM1,528,086.67 - 416,665.20 =

A) Loan: RM1,395,785.77
B) Cash: RM1,111,421.47
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haha ok

if wanna make bank more money take loan, u also in the end will get more
syyang85
post May 2 2019, 02:37 PM

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QUOTE(wild_card_my @ May 2 2019, 02:34 PM)
Simple

You forgot to calculate the fact that when you are doing cash monthly-investment you would also be making the RM902 monthly payments. Which is RM1,528,086.67 - 416,665.20 =

A) Loan: RM1,395,785.77
B) Cash: RM1,111,421.47
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bro. the monthly investment is still our money, so, no need tolak.
shirohamada
post May 2 2019, 02:39 PM

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QUOTE(Nachiino Etamay @ May 2 2019, 02:26 PM)
i am 100% sure this is wrong

its always better to take the loan, because you cap upfront, and pay it off

and even if rates rise, you can sell off your holdings and close the loan.
if you put money every month manually (instead of using the debt route), you will quickly hit the cap, then you gonna have lower returns.

the difference in 40 years can be almost half a million
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in 40years you'll be ded anyway.
TSwild_card_my
post May 2 2019, 02:39 PM

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QUOTE(goldrush @ May 2 2019, 02:33 PM)
The another question u have to ask yourself or who even help ASB to invest...

If u can get such a high return for ASB, why national debt still.....
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Unit trust is private money. Why should it settle the national debt? The kinds of questions Malaysians ask are so... rolleyes.gif

QUOTE(Lion Cut @ May 2 2019, 02:35 PM)
so if we cancel after 5 years
dont have to pay any cancellation fees, penalty etc? any hidden fee or what?

how much is the installment for 35 years rm200k?
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No hidden fees (except for the RM60 one-off setup fee, payable to bank), and no lock-in period thus no penalties. Installment for that amount and tenure is RM903/m.

QUOTE(syyang85 @ May 2 2019, 02:36 PM)
oh. i just realized. there is 200k limit.
so the calculation for the monthly investment is only valid until it reaches 200k.
Then kena tunggu another year to let it compound to break the 200k limit.
*
Not really. Because throughout the time you have been investing to reach that 200k limit, you would have earned dividends right? These dividends would have increase the softcap of your fund anyway.

Btw, it should be referred to as distribution, not dividends, sometimes I am guilty too. Malas nak reedit
syyang85
post May 2 2019, 02:40 PM

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QUOTE(wild_card_my @ May 2 2019, 02:39 PM)
Unit trust is private money. Why should it settle the national debt? The kinds of questions Malaysians ask are so...  rolleyes.gif
No hidden fees (except for the RM60 one-off setup fee, payable to bank), and no lock-in period thus no penalties. Installment for that amount and tenure is RM903/m.
Not really. Because throughout the time you have been investing to reach that 200k limit, you would have earned dividends right? These dividends would have increase the softcap of your fund anyway.

Btw, it should be referred to as distribution, not dividends, sometimes I am guilty too. Malas nak reedit
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I was referring to the downside of manual monthly investment.
SUSwhElectrical
post May 2 2019, 02:41 PM

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QUOTE(Nachiino Etamay @ May 2 2019, 02:14 PM)
my bank forced me to sign MRTA which almost wiped out half of first year dividends

im pretty sure there are upfront cost to this

anyways, i dont take it because its full already. but i am facing a problem now beecause ASB 2 and ASB3 also full, and need to claw for units.
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Can transfer my account if too full.
DM me for my acc number.
TSwild_card_my
post May 2 2019, 02:41 PM

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QUOTE(iambloodymuch @ May 2 2019, 02:37 PM)
haha ok

if wanna make bank more money take loan, u also in the end will get more
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yes. people complain about ASB-f giving banks money, but they never complained about mortgages also give banks money. It is either ignorance or plain "you-tongkat" sentiments in play everytime people mistakenly-argue against ASB-financing. It has its cons, but these people are pointing and arguing at the wrong trees .


QUOTE(syyang85 @ May 2 2019, 02:37 PM)
bro. the monthly investment is still our money, so, no need tolak.
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You are wrong. After 35 years, the 1.8M is all your money. There is nothing to tolak.
goldrush
post May 2 2019, 02:42 PM

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Lolx.. I never say ASB to settle national debt...

If it’s indeed so good, why not hire those ppl who can make tons of $ to help national to invest better.

Don’t twist my sentence.. anyway, as long as related to bumi/etc.. Jagan dipersoalkan.... kan...
alexkos
post May 2 2019, 02:44 PM

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ic. i china. can hoot asb?
s@ni
post May 2 2019, 02:46 PM

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QUOTE(wild_card_my @ May 2 2019, 02:16 PM)
they cannot force you. But they can appear as if it was compulsory
gotto use all the tongkat available right?
jsut cancel it. With ASB units you can sell it in 2 months. You can't do the same with properties.

GG
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got T&C right?
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