need to up your own purchasing power lo.....cannot always complaint and do nothing to improve the current situation...

uncle is collecting rain water now....sometimes better to use rain water to wash floor....environmental friendly

why do you want to pay principal if you have a flexi account? Defeats the whole purpose of a flexi account. You might as well get the non-flexi with lower interest rates

If I keep money at my wife country for that 300k with per annum average at 6.5% - 8%, so I will be better off In the end?

Oh, sifu please 🙏 enlighten

I every month pay the standard Mtly. Installment. Then make a second payment and state in the transaction instruction column to Reduce Loan Principal.




No problem pun.
You tak tau guna website then blame the squid, padahal you the real squid.

Question to all financial sifu.

I got a shoplot, already own for 6 years now only the rental break even with the monthly installment. I have no problem paying the monthly installment and the rental i received should go all in to pay the principal off or sumbat into EPF?

Few points to consider.
- I have enough savings to survive 1 year without working.
- Currently in the highest tax bracket. So if i pay principle i lowered the interest amount i end up paying more tax? dunno how to calculate this.
- unfortunately i dont have flexi loan.
- total noob in investment. never play stock market. Tried invest some trust fund all end up rugi. As the saying goes, i am the type that kena curse to only profit by working hard. No shortcut in my life in regards to asset gain. I lose out everytime i venture out of property/FD/epf.

sekarang baru tahu

This

Yes the interest is crazy. Every month 1k++.

Thats y i vow to settle housing loan early.

Drive cheap ass car, then

any extra just pump into the loan. Hopefully can settle within 10 yrs.

He forgot to knock-off the figure with the difference in installment amount between a 500k and 400k.

This amount A sum per month can also be invested in kwsp for 30 years, compounded the same.

Net difference is about 11k

True apple to apple

This post has been edited by jojolicia: Oct 10 2023, 06:12 PM

sumbat EPF....LoL....

Beli tanah kat kampung, you boleh retired dah....kenapa nak EPF pulak?

EPF hanya sebab minta bayaran daripada majikan lah...

Adui~

If you are in the highest tax bracket, get a financial planner to help you. Serious.

kalau singapura, majikan kena bayar 18% ya. malaysia majikan kena bayar/contribute berapa %?

You agreed to it ...

his calculation is correct. but to have a bigger saving u need to increase the interest rate you are getting, or the bigger the downpayment u going to put become your initial investment.

i was giving sample of 500k vs 400k borrow.

but if i use 500k vs 300k at 4.0% house loan rate vs investment rate of 6.5% then the difference will be bigger.

500k at 4% rate for 30 years u need to pay 359k interest on top of 500k initial loan value.

300k at 4% rate for 30 years u need to pay 215k interest on top of 500k initial loan value.

interest saving is 144k.

now, every month repayment for 500k loan is 2387 vs 1432 for 300k loan, which is 955 difference.

assume all the 955 u invest in 6.5% interest yield every month, then for 30 years u will get 990k.

so sum for 300k loan after 30 years is 144k saving from interest and 990k for investment = 1.134m

for 200k investment at 6.5% for 30 years give u 1.322m

the difference will be 189k more after 30 years if u decide to borrow full loan and invest 200k downpayment.

if u have 300k downpayment as investment it will be even greater difference at 283k

Please rent saje

Not guru, just some pointers for your consideration.

If your shop location is above average, i will keep for recurring income.

Shoplot, its either a do or die thing. Location and its residential, commmerce mix maturity matters.

Study the business mix there, is it an isolated 2 rows only to a small taman or a cluster of shoplots that can be called business park of that neighbourhood.

Sustainability matters for shoplots.

Anyway, shoplot is good asset class for recurring income if you hit triple 20 and a top check out in selecting the few.

This post has been edited by jojolicia: Oct 10 2023, 07:14 PM

Hijack terek a bit.

How does Shoplot profit in property investment? Via rental collect until 20,30years to finish the loan?
Shoplot are meant to do business hence many people only rent shoplot, is there secondary market for Shoplot? if no, how does shoplot profit?

bumi or non bumi first?

plenty of secondary market for shoplot and industrial property, but not for ikan bilis. transactions in terms of millions. I have an aunt who was ex-vp of citibank has lots of ammo in buying and selling (because of her income bracket, she can get loans in the millions)