with FD above 4% can say bye bye to ASM

ASM 1
20 - 4.25%
21 - 4.00%
22 - 4.00%

ASM 2 & 3
20 - 4.00%
21 - 4.00%
22 - 3.75%

Boring this ASM if got bonus then different story la
At least put 8k in SSPN the tax relief also pay higher

they always do 4% la

so many ppl rushing to buy ASM...
if got money i put into EPF better

true - malaysia a lot of rich ppl

ASM is just 4.5% and it got so many ppl (non bumi) jumping and moving cash around

maybe starting now with PMX as our finance minister maybe every year also got such "deals"

this year 5B
next year increase to 10B

5B should last for about 1 week max and with more and more ppl aware and ASM always perform better than FD it is no brainer to just put into ASM
i have some FD maturing by middle of the month so most likely missed the boat

chances of maybank stock drop below 5 where u lost your capital is only like maybe 5% or less
but the chances of ASM losing the capital is 0% meaning u put RM100, die die u get back RM100 after 1 year
those into FD and ASM not that they are stupid / dont understand investment, is just that they are not willing to take the risk even the risk factor is as low as 10% and it got to do with the age factor as well. for my age i am only looking for capital presevation and take zero risk
the only one risk i have is my car value keep dropping - cant really help is an old innova

With OPR going up and FD is able to reach 4.5% I am not sure worth to put into ASM anymore

when best date to masuk ASM?
begining of the month or end of the month?
i scare masuk now RM10k middle of the month then next 14 days no interest... can any sifu help to advice ?

ok got it.. do it start to count on the date we FPX into ASM?
or i need to do it like on the 30th or 31st and give it 1 working day to reflect?

those who already pump 100k into ASM1 now tikam ASM2 and 3?

ini i setuju

just masuk 5k...
still saving bullet

wait for salary come in then masuk a little bit more
dont think able to reach 100k quota for me as never have such bullet



This post has been edited by virtualgay: May 22 2023, 11:33 AM

actually i dont mind if is 4.5% or 4.25% as i know if i need money i can sell it ASAP and get back my money
but if FD rate goes up to 5% then ASM1 i wont even look at it

never sold mine before...
If OTC, which bank ?

i think i have most of the bank
problem is OTC again
hope i no need to sell so soon

only yearly not monthly if not wrong
meaning u put RM10 on Jan RM10 on Feb RM10 on Mar and all of that you put on the 1st let just say April 1st declare then this is how it works

Total RM10 on Jan x 4.5% / 12 = 0.0375
Total RM20 on Feb x 4.5% / 12 = 0.075
Total RM30 on Mar x 4.5% / 12 = 0.1125

that is how it works lo...
if i am wrong some sifu here pls correct me
so the answer is no compunded interest on montly basis but yearly basis la

if we self contribute will we get RM300?

Let just say i work full time as a office boy with a pay of RM2.5k and my boss help me carum EPF
then i work another job as a Grab driver where i earn RM3.5k and i want to carum
so do i entitle for i-saraan?