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BNM Cut Rate Again But Not Benefit For New Loan, BNM Cut Rate Again But Not Benefit For N
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SUSMNet
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 May 31 2020, 12:02 PM
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QUOTE(daidragon12 @ May 13 2020, 06:56 AM) If possible, may i know the location? Around Denai Alam or towards Seksyen 7? I will be 35 yo this year, household income ~17k. No child. Total loan amounted to 1m (3 houses, 2 HP). My dream house is ~700k too, but at current economic climate quite scared to take new loan 😅 3 house u rented out can earn how much? |
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Ekash
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May 31 2020, 01:41 PM
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Getting Started
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QUOTE(icemanfx @ May 31 2020, 11:45 AM) Instead of moving liquidity into productive investment, big portion of liquidity has gone into bursa as typical malaysian would for fast and free money. When bursa crash, the country will likely or almost certain falls into liquidity trap. Agreed, but how to keep ourselves not being affected? |
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icemanfx
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May 31 2020, 01:57 PM
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QUOTE(Ekash @ May 31 2020, 01:41 PM) Agreed, but how to keep ourselves not being affected? Almost everyone will be affected one way or another. It is a matter of mitigate fallout and waiting for opportunity. For the time being, keeping in FD is not a bad idea. This post has been edited by icemanfx: May 31 2020, 02:10 PM |
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daidragon12
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May 31 2020, 02:04 PM
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Getting Started
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QUOTE(MNet @ May 31 2020, 12:02 PM) 3 house u rented out can earn how much? 1 own stay. The other 2 just breakeven to cover installment (which i consider good). So no extra income lor |
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WahBiang
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Jul 6 2020, 10:39 PM
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icemanfx
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Jul 6 2020, 11:23 PM
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QUOTE(WahBiang @ Jul 6 2020, 10:39 PM) Rate cut mean negative outlook. FD rate lower than inflation rate will erode purchasing power i.e reduced consumers spending and investment moving forward. This post has been edited by icemanfx: Jul 6 2020, 11:44 PM |
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WahBiang
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Jul 7 2020, 12:09 AM
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QUOTE(icemanfx @ Jul 6 2020, 11:23 PM) Rate cut mean negative outlook. FD rate lower than inflation rate will erode purchasing power i.e reduced consumers spending and investment moving forward. And they still said inflation stagnant aldy? |
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WahBiang
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Jul 7 2020, 12:12 AM
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-deleted-
This post has been edited by WahBiang: Jul 7 2020, 12:13 AM
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icemanfx
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Jul 7 2020, 12:46 AM
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QUOTE(WahBiang @ Jul 7 2020, 12:09 AM) And they still said inflation stagnant aldy? Scarifice long term growth to ease short term pain. |
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propertyowner
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Jul 7 2020, 12:56 AM
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QUOTE(icemanfx @ Jul 6 2020, 11:23 PM) Rate cut mean negative outlook. FD rate lower than inflation rate will erode purchasing power i.e reduced consumers spending and investment moving forward. As if Biang Ge can understand basic economics  |
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WahBiang
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Jul 7 2020, 06:23 AM
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QUOTE(icemanfx @ Jul 7 2020, 12:46 AM) Scarifice long term growth to ease short term pain. That I kinda agree.. Well can only pray thr economy get better quickly, and all can have their food happily.. |
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icemanfx
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Jul 7 2020, 07:17 AM
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QUOTE(WahBiang @ Jul 7 2020, 06:23 AM) That I kinda agree.. Well can only pray thr economy get better quickly, and all can have their food happily.. Economic activities is likely interrupted by outbreak from time to time in places until herd immunity is achieved from vaccine. With more high rise completing in next few years, overhang is widening, more buyers are committed to loan repayment i.e less disposable income and consumers spending. Economy will take longer than most expected to recover. |
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ZeneticX
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Jul 7 2020, 04:42 PM
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Is it wise to take fixed rate loan now?
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jrshow
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Jul 7 2020, 04:45 PM
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good, save more money
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victorian
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Jul 7 2020, 04:55 PM
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QUOTE(ZeneticX @ Jul 7 2020, 04:42 PM) Is it wise to take fixed rate loan now? Fixed rate will be priced higher to account for future OPR increase. So I think flexi is still better |
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Zwean
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Jul 7 2020, 05:00 PM
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QUOTE(wualalala @ Jul 7 2020, 04:50 PM) it is opposite... people usually spend more as a result of lower interest rates as profit not as much as it seen to be moving forward. Businesses might take this opportunity to reassess the opportunities going to have by borrowing more to expand their capacity and to conduct viable investment as loan rates are lower than before. Corporate debt will go up to fund expansions. |
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icemanfx
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Jul 7 2020, 05:09 PM
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QUOTE(wualalala @ Jul 7 2020, 04:50 PM) it is opposite... people usually spend more as a result of lower interest rates as profit not as much as it seen to be moving forward. Businesses might take this opportunity to reassess the opportunities going to have by borrowing more to expand their capacity and to conduct viable investment as loan rates are lower than before. Those indebted will save on loan interest. Business invest based on prospect, interest rate is a factor only. QUOTE(Zwean @ Jul 7 2020, 05:00 PM) Corporate debt will go up to fund expansions. Corporate investment depend on prospect. However zombie companies will borrow relentlessly. |
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realityyffr
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Jul 7 2020, 05:40 PM
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Getting Started
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QUOTE(propertyowner @ Jul 7 2020, 12:56 AM) As if Biang Ge can understand basic economics That guy/girl/creature keeps saying the same message for the past few years! All of his messages has a pessimist theme to it, never positive! |
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nexona88
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Jul 7 2020, 06:40 PM
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but banks is increasing the spread... so it's minimal differences  |
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ManutdGiggs
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Jul 7 2020, 07:01 PM
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QUOTE(nexona88 @ Jul 7 2020, 06:40 PM) but banks is increasing the spread... so it's minimal differences Worst time to get loan is during low opr especially when it's down a few times in a yr 😅😅😅 Banks r not silly to lose their fd interest wan. Loanees ll pay for the price. But it's normal tat ALL gurus ll say its the best time to get loan now. 🐄💩 |
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