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 is it better to keep money in FD, or take the money out to buy property

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SUS2feidei
post Dec 4 2019, 08:37 PM

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QUOTE(timidandslow @ Dec 4 2019, 05:43 PM)
tbh i have 6 digits each in FD, ASN, and some other investment funds.
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who cares....u been busted, nobody trust u, why not claim u have 9 digits? laugh.gif
TStimidandslow
post Dec 4 2019, 09:21 PM

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QUOTE(2feidei @ Dec 4 2019, 08:37 PM)
who cares....u been busted, nobody trust u, why not claim u have 9 digits?  laugh.gif
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lol out loud . the ironic part is that I consider myself poor even though I have 6 digits free cash savings. pity poorfag like yourself.
SUSdestiny6
post Dec 4 2019, 09:47 PM

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Buy cash la.... who so stupid take a 90%loan???
Do you know the mortgage interest is higher than your FD interest?
First time.buy property ah? Also it depends what you wanna do with that condo own stay or investment, if investment I'll just keep my FD and see first if own stay just buy only
SUS2malaysiajib
post Dec 4 2019, 10:00 PM

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QUOTE(2feidei @ Dec 4 2019, 05:24 PM)
if u got to ask, mean u don't have 300k
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the better question that TS should have asked is that hoe he could buy a condo with discount like how LGE bought his bungalow
shirohamada
post Dec 4 2019, 10:01 PM

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QUOTE(timidandslow @ Dec 4 2019, 05:23 PM)
currently i have rm200k sitting in FD. i am planning to buy property which costs rm400k for investment.
my question is , should i take a 50% loan and use my FD to pay 50% downpayment?
or , take a 90% flexi loan then move my FD into the mortgage to reduce the interest payable ?
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Trashy condo is not an investment.
Pugbunny
post Dec 4 2019, 10:01 PM

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Inflation will eats your return over the time
ShinG3e
post Dec 4 2019, 10:04 PM

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QUOTE(Davez89 @ Dec 4 2019, 05:32 PM)
If u have 300k in FD u won't be asking financial advice from /k la

Oh no registered Nov2019
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Biasa la. Every once awhile got ppl want others to rustle his jimmies.
SUSAud power
post Dec 4 2019, 10:04 PM

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QUOTE(timidandslow @ Dec 4 2019, 09:21 PM)
lol out loud .  the ironic part is that I consider myself poor even though I have 6 digits free cash savings. pity poorfag like yourself.
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Wait til u have 7 digit
Make new tered like me
fun_feng
post Dec 4 2019, 10:18 PM

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Page 2 i still waiting for FD proof
teehk_tee
post Dec 4 2019, 10:22 PM

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QUOTE(2feidei @ Dec 4 2019, 05:24 PM)
if u got to ask, mean u don't have 300k
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000022
post Dec 4 2019, 10:32 PM

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QUOTE(timidandslow @ Dec 4 2019, 05:23 PM)
currently i have rm200k sitting in FD. i am planning to buy property which costs rm400k for investment.
my question is , should i take a 50% loan and use my FD to pay 50% downpayment?
or , take a 90% flexi loan then move my FD into the mortgage to reduce the interest payable ?
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Unless you know what you're doing, I'd suggest against going into property investment, especially in this climate. Might as well invest half of it into ETF or stock or whatever, there's still some time before US election after all.
MADReaLJL
post Dec 4 2019, 10:57 PM

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Invest in REIT better
ukauka2020
post Dec 4 2019, 11:16 PM

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200k savings. wanna buy 400k condo. sounds so weird. some fresh grad nowadays also can buy 400k condo on loan.
SUSAlan K.
post Dec 4 2019, 11:21 PM

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QUOTE(timidandslow @ Dec 4 2019, 05:23 PM)
currently i have rm450k sitting in FD. i am planning to buy a bungalow which costs rm900k for investment.
my question is , should i take a 50% loan and use my FD to pay 50% downpayment?
or , take a 90% flexi loan then move my FD into the mortgage to reduce the interest payable ?
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why dun u cont letting the $$$ sit in FD instead?
ListenToTheWind
post Dec 4 2019, 11:25 PM

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If you plan to rent out the property and you got tenant all year long and your rental can over the bank interest + give you yearly return of at least 5% then go ahead.

But if you can't, it's better to just keep your money elsewhere that give gooding return. Painful ler when bank every month charge you that interest on your 90% outstanding loan amount.
SUSAngelic Layer
post Dec 4 2019, 11:29 PM

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Remember you still have to pay to maintain the property, management fees also.
If the property is apartment and not landed and leasehold also, the degree of appreciation will be very limited.
If want to ROI on rental for say 400k property if cannot rent out more than 2k per month considered losing money every month already.

FD you have the certainty.

Your choice.
MrBlackie33
post Dec 4 2019, 11:30 PM

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QUOTE(ycs @ Dec 4 2019, 05:32 PM)
can buy this 1, cheap2 laugh.gif


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this is epic, i like this kind of video
urnicksux2
post Dec 4 2019, 11:33 PM

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i know this one dumbass bought apartment at barrington square cameron for airbnb,but still live in his mother in law house with kids

dont follow this type of ppl
ju146
post Dec 4 2019, 11:33 PM

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Thread kuda approved
SUS2feidei
post Dec 4 2019, 11:35 PM

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QUOTE(timidandslow @ Dec 4 2019, 09:21 PM)
lol out loud .  the ironic part is that I consider myself poor even though I have 6 digits free cash savings. pity poorfag like yourself.
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yeah right.....everything written in the internet must be truth, nothing but absolute truth rclxs0.gif

continue stroke your own ego....kena busted still mau pusing and pusing tongue.gif

edit: so fast edit first post liou...no more 300k, now revised to 200k laugh.gif

This post has been edited by 2feidei: Dec 4 2019, 11:37 PM

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