Thanks bbgoat, was thinking of going into more bonds for now. Just so sad that I am so busy at work now and the funds are gonna sit in the account till Tuesday because I’ll be away on Monday also.

My personal suggestion.

Floating rate dollar denominated bonds/ETFs.
Inverse ETFs/fixed rate dollar bonds during financial crisis.

Revert to stocks about 18 months after crisis.

You may consider perpetual bond( better to find a financial consultant and ask him to explain in detail). 1 million ringgit would entitle you for private banking.

Stocks are not my thing. Too time consuming for me to study the fundamentals of the companies given the nature of my job. So , for now, most likely, will go into bonds.

Will be contacting AmPrivate Banking RM to assist .

Has anyone joined Rhb premier before? Just wanna hear some experience.

Interested to know if Rhb premier is any good

Hearing alot of bad review about Ambank RM recently

Rhb Premier VI with 8x overseas points is probably the best overseas spend card available to us. Klcc pb centre is always empty, staff are friendly but I wouldn't call them efficient.

Rhb seems to be very conservative towards young entrepreneurs in terms of loans and credit and that's why I have chosen to go elsewhere, while continuing to hold on to the premier status (no need to maintain aum) and keep using their VI which really makes a lot of difference in points when used for large overseas purchases.

This post has been edited by LoTek: Jul 9 2018, 09:16 AM

Anyone knows which bank priority banking status are worldwide? Once joined priority banking in Malaysia, automatically obtain the status worldwide. I heard HSBC premier does. Is that true ?

Yes HSBC, Std Chartered and also Citibank as far as I know.

i think HSBC would be more advantage..
Lower AUM to join premier banking and better forex rates compares to the rates..

CitiGold is 400k now.

Hsbc website indicated just transfer inward RM 16500 every month to maintain the premier status, no aum requirement. Meaning to say, I can do it by transfer RM 16500 from other bank, then withdraw it. Repeat the process every month will do to maintain the status. Can work?

Not sure about that.

To me, I do not really make use of PB status. Sometimes it can be a nuisance as RM may pester u for investment products.

Just a status symbol, some special treatment, get credit card for airport lounge access etc etc. For RHB they even give to u without any application.

Anyway, depends on the individual.

This post has been edited by bbgoat: Jul 10 2018, 11:55 AM

may i know cimb preferred vi 4x access ppl malaysia is available for supp card or only principle card only?

slow and dont know what they are doing- once had a good RM but he has resigned... so i left the bank too lol

rhb's product does not stand out- just typical ones.

Their RM is lacking of servitude and dont have good product knowledge- quite a lot of new faces - young and dont give a f attitude unless they earn something in return

amb still have some good ones- depends on branch I guess...

SC PB in Msia is rm250k but in Sg requires sgd200k (that s RM600K)

Well, when u are in Sg, u just have to look at SGD.

Then again, in M'sia UOB PB is RM500k. It is tough if one need to look at the $$ to join as PB.

Yeah that it is good quality RM are always poached off by other banks. Friend told me new branch the service would be better as well compared to old branches with a lot of aunties

I have used premier HSBC credit card and ATM card overseas. The rates are far higher than Bigpay debit card. AFAIK, nothing beats Bigpay for the time being on rates.

Which banks have good RM?

anyone recently joined AmBank PB?
I searched back and saw got people joined sometime back without opening CA with them, not sure anything has changed.
Today both RM and ABM insisted its compulsory open a CA, but PB call centre told me otherwise, now waiting ABM to get back to me

need a PB WMC badly

AmBank do not need CA to join as PB. I got their WMC and VI card. Enjoyed PPL in HK, Singapore and nearly used it in Vancouver as well.