Hopefully drag until end of September... I mean the biggest event. That way asm2 will have 4.8% as well.. 😂

... Buy buy buy!! Putting some more money in today then!...

4.8% to 5%!!! Don't make this ah pek wolves smack your butt butt ah! Always say more!!

Yes yes.. That's why 5%!!! Go go go!!

If you have 70k on hand, you buy asm1 now and then withdraw asm2 anytime in july back into the original fund. There is no difference you buy now or 1st july.

1. Bad move as you lost asm2 whole month dividend.
2. It's a Saturday.... Don't like that la...
3. It's a Saturday... Don't like that la.... 😂

Why bother the roundabout way. Just buy asm1 now while still can easily get and withdraw asm2 after july. Same effect. Why wanna fight with other ppl when you can just do it now and more secure?

Nope. I just bought 1k yesterday night and it's still there. Plentiful.

Ah... Well... Why not buy last 3 or 4 days before end of June then? If it runs out before 1st july the ending is the same. Coz you were waiting for it anyway. If you buy like 3 days or 4 days before end of June, you got time advantage (ppl getting salary and buy). Best of both worlds? Losing 3 or 4 days (even 2 days if you want) for a more secure chance of getting it and cashing out asm 2 first monday of july from banks. Minimal losses and higher chances.

Btw.. kdi is 4% EAR. Why 3.35% when you can get 4%? 😂

This post has been edited by Wolves: Jun 21 2023, 09:01 PM

Can i know what kinda high interest rate savings account is that and any requirements?

It's ok. Had a look. Too much hassle for just a tiny 3.35%. kdi just put in and you get interest daily at 4% EAR or 3.92% p.a. no action required. Heck even asm is a lot simpler. Just put in before 1st and leave it there. If you need money... Apps can transfer out 2k a month. No other action required. 😂

Withdraw 1st of the month from asm so asm you do not lose any interest. Put into kdi before 11am on a working day and you get interest on the day itself. Withdraw before 11am early last week of the month (give them 4 working day time) and put into kwsp and you will only lose a few days of interest. If you withdraw before 11am working day from kdi, you will get money before midnight that day (lose 1 day interest). Put into epf takes 2 working days. Epf no matter when you put in, that month itself only count 1 day interest. But give them at least 2 working days to credit properly or else you will lose whole month next month. So sacrifice a few extra days to make sure you are safe. If it sounds mafan and was hoping to gain only either from asm or epf then go make your own fund. If you lazy or wanna restrict this and that then the best is make your own fund according to your whims and fancy. If not then know what is available in the market and play by thier rules. For this case... What i say above should be the best route. Plus one month only la boss.. unless it's 1 million and above you only see like 100 bucks difference at the end of the day even if you lose one month interest. Not need complaint mafan and so on la. Sheesh.. epf max also 100k one shot. If 6% la.. only 500 per month max losses if you lose whole month.

This post has been edited by Wolves: Jul 1 2023, 10:26 AM

Can is can.. but that's the most "realistic" path and expectation boss.. need to lose some days in transition.. and need to use extra one connecting path.. need to be realistic. If want to earn then cannot malas.. need to rajin.. 😂 we talking malaysia la.. everything red tape.

I protest! I am going to be different from the rest of the ppl here. If they are of retired age, the disadvantages of kwsp becomes advantage. I will move 80 to 90% to kwsp slowly (100k max a year) and i will do this IF you are the waris yang dinamakan. Why? Asm no inheritance thingy and to redeem after thier death you need to pay stuff... Kwsp gives free redemption.

2. Kwsp can act as savings too and you can withdraw anytime at any amount plus the interest is earned until the day before withdrawal date and this does not affect the monthly dividend. Asm when you withdraw 2k in the middle of the month (any date actually), you will lose the whole month dividend for that 2k withdrawal. For example i withdraw 2k from kwsp on 15 may, i still earn 2k dividend until 14th may. Where as if i withdraw 2k on 15th may from asm, whole month of may is counted without that 2k dividend. Amount is small but it is still advantage. And kwsp, the total amount you have is the limit. Asm you can only withdraw 2k per month from apps and any larger need to go queue up at bank/branch. In this case kwsp is better

3. In terms of rate, i will say kwsp is better last 3 years and there are chances the gap will get smaller BUT NOW it is a lot higher. Capitalize it now and later smaller gap you already have advantage. They are mostly similar most of the time. So i will keep 80 to 90% in kwsp and the rest in asm... IF the age is past retirement age.

That's all..

This post has been edited by Wolves: Jul 3 2023, 02:22 PM

Sure... If you are comfortable with the risk of not able to move the money out for another 11 years. I would wait until i am 50 before i consider that move. Personal preferences. When i am 50 and when is next election. Past election date and i ok with pm and FM then yes can start moving then. 😂

End of September la... I need more time. 😂 Actually i believe should still have a lot of unit lo.. ppl but ppl sell... Don't think can sapu all...

Then go ahead. Nobody stopping you lol. 44 means still got 11 years to go.

*Deep breathe".. i know you can take out those that are over 1 million. What about those that are below one million? It's still stuck. So if suddenly someone said from now on gov don't subsidized healthcare and 3% of kwsp dividend go to healthcare and those rich ppl .. say.. Those with 100k and above in kwsp cannot use the subsidized healthcare even if they sacrificed 3% of thier dividend for it. What are you going to do? Take out until 1 million and then let other ppl use? You can take out whatever is over 1 million. If you have 1.5 million... You can take out 500k... You cannot take out 900k. Right? Or am i understanding this wrongly that you can take everything out? No right? That's why lo. Why fill so much in it and let it get stucked until you are 55? 😂

However i understand you already put in more. So it's already in and nothing you can do. I just saying this so others who read will think about this consequences. It probably won't happen the way i say it but there is no guarantee. Like i say. I won't bother until i am nearing that age AND i know who is heading the gov for the next 5 years after i pass that age to make sure i don't get stucked. It's just a personal opinion and not opinion about your specific cases but as a general rule for general ppl. Get it?

It is pro-rated on a monthly basis using the lowest value for that month. Even if you do not put in full 12 month you still get dividend for the month that has money in it. If you put in 100k (new account) on 15 April 2023 and take out everything on 31st may 2023 then sorry you earned 0 dividend. 😂 Coz for April 2023 your account lowest value is 0 coz it's new and whatever you put in equals 0 for that month coz that's the lowest value and if you took everything out 31st May 2023 that means the lowest value is 0 as well. But if you took it out 2nd june 2023 instead then that means your may 2023 get dividend using 100k (monthly). Get it?

I am sorry but i am don't think i have that much lo. Plus i dunno many have that much lo. As the matter of fact i believe very few ppl have more than 1 million in kwsp by 40. I dunno where you reach that conclusion but if you draw data from kwsp itself, there is not that many lo. Plus... Like i said.. i just saying base on general population. Aka the 51% population and above scenario. Plus as i mention on the first post guy.. it's my personal opinion lo. Not targeted at T1 ppl lo. And it's advantage vs disadvantages comparison lo. You talking about T1... That one really super outlier lo... Sorry lo i am a disappointment to you lo. Sorry i B40 lo.. sorry i so poor and no money lo..

Don't like that la.. end of September la.. but then again i don't think it make a big difference to me coz i sleep after 2am anyway. 😂

Don't stop la.. continue la... Next year will be better.. At least for the next 3 more years 😂

This post has been edited by Wolves: Jul 4 2023, 08:59 PM

Liquid but temporary lower interest. Plus asm very hard to top up vs kwsp 100k per year. If you are 55, kwsp also can withdraw easily. Asm inheritance issue is there. Kwsp is straight forward and free. Then there is the issue of kwsp guranteed min 2.5% dividend vs asm no guarantee but so far the lowest we see is 3.75% la.. Got its pro and cons boss

We been talking about this for months now. You know i know he knows she knows they know we know what each of us guess about the coming dividend rate. 😂 And no, nexona.. higher higher... Don't make me spank you.. 😂

This post has been edited by Wolves: Jul 24 2023, 08:06 PM

35 days.. consider 34 days coz today evening de.. counting down... I can smell it coming.. so who wanna start the tembak game? Still too early? 😂 I start with 4.75% for asm2... So when you ppl start tembak game help me put in just in case i went missing.

Wolves - 4.75%
Nexona88 - 4% - 4.5%
coolguy_0925 - 4.2%
MattSally - 4.5%

Nah.. ownself copy paste and add bullet..

Thank you for the good news!! That means i still got chance to buy end of August! Or early September! Yay~~~~ anyway... I won't be switching from asm 2 to asm la... One more month till dividend announcement... Die die also hang on until announcement. If bad then move to asm. If good or better... Stick with asm2.

5 billion la boss.. not 500m... Increase until 500k per person also might not finish. 😂 Those with money already dump.. those without money buy less than 100k... Rely on monthly salary dump in 1k 2k 3k 5k... Cannot reach 5 bil one la.. one month sure can pass one... If you say 1 year maybe cannot already. Not many ppl with 300k money sitting there in account doing nothing one la.

Shhhh... Don't jinx it... Early September still got la... Still got still got..

Wah... Ziet invest channel is poking fun at asb in his latest tweet and video.. but... He is actually right.. 😂