double post

This post has been edited by haziqnet: Feb 24 2017, 10:24 AM

yes if u understand the risk no problem

promo rate 5% 100k = 536.82

promo rate 4.8% pairing with UT 100k = 524.67

different = RM12.15/month @ RM145.80/year

Im just telling the fact so other people out there know the risk. Invest in UT is good. Im also advise other people to invest in UT. Just make sure have the proper knowledge.

This post has been edited by haziqnet: Feb 24 2017, 10:20 AM

Yes correct. It will include in the processing fee of RM63. You need to pay this in your 1st installment.

if u dont have any problem to pay for the current installments u can just go on. But if u want to get the lower rate yes u can always terminate and reapply.

Or if u r eligible you can maximize OPM by adding another 200k financing and get the lower rate. You can switch to pay the lower rate installment and for your current asb 200k pay by using the dividend. By doing this u can earn more profit than terminate and reapply for the better rate. PM me for more info.

This post has been edited by haziqnet: Mar 5 2017, 08:25 AM

hi there.

congrats for your 1st step to achieve financial freedom. The best way to maximize profit actually is not by terminating and reapply but to max the OPM. Your current rates now (5%) is already the lowest (put aside the 2 month 4.8% special rate) If u r eligible try using the hybrid method by adding another 200k (asb2) to max out your ASB loan to 400k. This method will be a good choice and give you more profit if u dun have any intention to use the money in the near time.

Please take note the compounding effect will be much bigger when you hold your loan longer than start afresh after few year.

Comparison between compounding and hybrid method. Look at below :

Compounding method
-------------------------

200k loan
terminate after 3 years

Your estimate profit

compounding dividend = 43,295
Principal = 9,313
Total = 52,608
Nett profit
52,608 - (1073 x 36) = 13,980 @ 39.19% ✔

Hybrid method
-----------------

200k loan (1st year)
200k loan (2nd year)

Terminate after 3 years

Last dividen (1st year loan) = 13,500
Compounding dividen (2nd year loan) = 27,911
Dividend balance x 2 years (after paid for 2nd year loan) = 1248
1st year principal = 9313
2nd year principal = 6053
Total = 58,025
Nett profit
58,025 - (1073 x 36) = 19,397 @ 50.21% ✔✔

Between the 2 above method which one do you think give more profit at the end with the same amount of installments?

This im not calculating if you hold the loan much longer assume 5 years and above. I just want to show you what you will get if u optimize the OPM.

Any further question PM me. TQ

This post has been edited by haziqnet: Mar 5 2017, 09:47 AM

look at my post #1908. I explain about the hybrid technique.


about the switching method

your current 200k asb rate is 5.1% quite low already.

so rather than you terminate your asb its preferable to add another 200k asb (max OPM). This time you apply with 4.8% rates (need to follow the T&C look for my previous post)

ok now assume you already apply the 200k loan with 4.8% rates. Your monthly is 1049.33.

What are u going to do now every year,

your first 200k loan use its own dividend to pay for the installments

And your 2nd 200k loan use your own money.

Do u get it now by switching?

By doing this you not just pay with lower installments but also get more profit at the end.

For this 2nd 200k loan u can use ASB2 or apply under your wife name for ASB1.

about the 4.8% rate pm me so i can assist you. TQ

This post has been edited by haziqnet: Mar 5 2017, 09:50 AM

Yes you will use the dividend from the 1st 200k to cover for the 2nd 200k...but if ur 2nd 200k have lower monthly installment you can switch it...try to read at my previous post...u use the available dividend from 1st 200k to pay for its own installment and for the 2nd 200k use your own money.

If u dun want to open asb2 account you can always use family proxy who u trust like your wife or siblings age 18 years above to apply for asb1.

By using hybrid method u can get 200k (gross) about 8 years while using the normal method about 9-10 years.

So if your goal to get 200k in a few years hybrid method will be faster.

This post has been edited by haziqnet: Mar 5 2017, 12:48 PM

Thnks bro..yes correct...we are not getting profit just from the dividend but also the principal which is include in our installments and will be refund to us after terminate the asb...

We also earn profit from the ASB bonus which calculate separately.

This post has been edited by haziqnet: Mar 5 2017, 04:47 PM

Im afraid the bigger problem is not either she can topup another financing or not but if she eligible to do so...pm me bro so i can check for her credibility to apply loan

This post has been edited by haziqnet: Mar 8 2017, 10:40 AM

If u r interest to refinance m me...but u need to make it quick...4.8% rate end 31 mac 2017...u need to apply for termination asap and refinance back...or i can check if u r eligible to make loan first than go for termination...

Just pm me...

This post has been edited by haziqnet: Mar 8 2017, 06:13 PM

haha so she want to make saving every month la...yes if she couldn't apply for loan thats the only way she can do...even though the return are not as much with loan.

dun worry it will be worth...if u optimize OPM it will be more worthy...ASB is a low risk investment...its hard for it to give negative return as its solely because of the dividend distribution and bonus. Its different with Unit trust which the NAV price is not fix and subject to equity fund performance + dividend distributions + bonus (if available)

This post has been edited by haziqnet: Mar 9 2017, 02:16 PM

Dun just believe what u read in blog or FB especially if the person are not pro in that field...they can tell as much as they want but most of it are misleading explanation and without proper calculation.

They are just wannabe pro investment but actually know nothing. When i see such person in the real world when i ask to debate face to face they will avoid it like a coward.

you can call them a keyboard warrior but very stupid one...

as long as you do your asb financing / loan with the right method and what are you capable of wont be a problem...

so just sit back and relax.

if im u i will just try ASB financing for 1 year and find whether im in loss or not. Rather than be too analytic but no action it wont give you the real result. ASB financing are no more lock in period so you can terminate anytime you want. PM me if u r interest to invest.

yes please show me the calculation...i want to know too

This post has been edited by haziqnet: Mar 9 2017, 04:45 PM

200k asb terminate after 1 year

monthly - 1100
yearly - 13200

assume dividend rate 7% = RM14,000
Principal SV = 200,000 - 197,154 = RM2846
Total = RM16,846.00

Nett profit
------------
RM16,846.00 - RM13200 = RM3646✔


ASB Saving 50k

Dividend 7% = RM3500.00 (difference 146)✔✔

What you say is correct. If you have 50k of capital and put in asb u could get as much of profit like u make asb financing.




But with that much of money 50k i will apply for 750k asb loan (RM48,313.92/year) if eligible or if im not i will use family proxy who have payslip and use rolling dividend technique.

To show the differences and how much i could get by optimize the capital (50k) here i show u the calculation if terminate 750k asb financing after 1 year

Assume dividend 7% = 52,500.00
Principal SV = 750,000 - 738,934 = 11,066.00
Total = 63,566

Nett profit
------------
RM63,566 - RM48,312.92 = RM15,253.08 @ 31.57% of profit✔✔✔

That calculation above is the power of OPM...Which one will you choose between optimize OPM with asb financing or just save your 50k into asb after i show you both potential return above?

This post has been edited by haziqnet: Mar 9 2017, 05:02 PM

I will use my simple calculation so look if its the same or not

200k asb loan
Monthly 1074
Terminate after 10 years

Compounding dividend = 193,430 (asb account)
Principal SV = 200,000-162,648 = 37,316 (return into bank account)
Total
(193,430 + 37,316) = 230,746 (this is the total you will get)

Nett profit
-----------------
230,746 - (1074x120month) = 101,866 @ 79.03%

So your calculation for 200k and terminate after 10 years is correct



With the base amount yes you will get more than what asb financing can give. But the problem is you not optimize the OPM and you need to have that base amount first where most normal people dont have. You also need to take note that asb dividend will count base on the lowest amount every month. This will be the cause your potential return less than what you calculated.




For that asb loan 750k first 400k (asb1+2) you can apply by your own but for another 350k you need to use proxy. If u dun believe family members than u can use your wife as proxy if u already married.

I will not explain any further as you are too analytical person and you will always reason with more question even though you actually already understand.

Person who are afraid to risk their money are not suitable for investment. I will advise you just put your money into asb saving. Its more suitable with you.

What you are trying to prove will give misleading to another people who understand the investment risk and make them afraid to do so although they dont need to.

As long as the given asb dividend is higher than the bank interest its still profitable and there is no need for you to afraid of.

This post has been edited by haziqnet: Mar 9 2017, 06:25 PM

Sorry bro if my statement is a bit harsh. Its not my intention to do so. Actually your calculation is no misleading and its correct. But when you question too much that will bring to misleading. Some people wont understand like u and me...some will think asb financing is too risky which are not.

Im here is to help other people with the same objective. Asb financing is one of it. If u r not too analytical asb financing is the best tool and can help you to reach your goal in short of time by optimize OPM.

Some people only need to have money to buy their first house, some may want to married and so on. With asb financing they will need to do force saving because its loan by the bank. But with asb saving they might use the money mostly rather than save it.

I already help few members in lowyat with their asb financing. Im giving them free consultation as long as im live. No problem so far and they are happy to do it.

Therefore i hope we will end this here. If u really like me to help you with the calculation im glad to check it for you. Just pm me.

Please forgive me bro voncrane. 🙏🙏🙏

This post has been edited by haziqnet: Mar 9 2017, 06:58 PM

Which one are based on asb 2 ? With the title own cash and with based amount? That calculation assume you put your own money into asb account and its correct.

This post has been edited by haziqnet: Mar 9 2017, 07:06 PM

I like how you explain things...much easier to understand...i only know how to show with calculation...gud bro buggie...

i will explain to those who are not familiar about ASB in the simple way as i could.

Firstly you need to know ASB is the only platform that provide loan facility. Other platforms you need to invest using your own money either lump sump or regular savings.

How ASB give profit to their investor?

2 source of profit dividend distribution and bonus.

How can i optimize my asb potential return?

If u want to optimize your potential return the ideal way is by applying loan and max it out. Currently both ASB 1 and 2 you can max 200k for each account.

What is the price per unit for ASB?

ASB unit sell at a fix price RM1.00/unit. Therefore if you put 10k, in your ASB account means you will get 10k of unit.

Is there any charge when i buy unit in ASB?

No, FOC

If i apply for loan are there any extra charges i will be paying using this facility?

When you apply for loan, you will only need to pay for processing fee RM63 one time only and also bank interest rate include in your monthly installments. The rate is using effective rate not flat rate like housing loan. No other charges include ASB termination. The only extra charges you will need to pay if you apply loan facility with TAKAFUL.

Do i will get penalty when i terminate my loan below than 3 years?

Today most banks provide loan facility without lock in period. Therefore you can terminate your loan anytime you one. But keep in mind, if you terminate below than 1 year, you might pay more interest to the bank and your return might be negative. My advise minimum duration to apply for termination is at least after 1 year.

Do i need to take TAKAFUL / INSURANCE provide in the loan facility?

If you are asking me, its much better if you do ASB loan facility without takaful. This is because we do ASB for the sake of investment therefore is no need for you to apply for takaful. Most banks now takaful is not compulsory. You can apply loan with takaful or not. Minimum years for takaful coverage is 5 years.

What are the benefit of TAKAFUL?

If you apply loan facility with maximum takaful coverage if anything happen to you, TAKAFUL will paid for the rest balance loan you still available and your heir will get the same amount of your loan + available dividends in your asb account. But please take note, if you take partial takaful coverage example only for 5 years, you will not get the same coverage like with maximum takaful. For more info about this you need to ask the takaful provider as i cannot provide you with the details.

Can the bank interest rate change and if that happen will I need to pay more or less?

Yes. When the 1st time you apply for loan facility, you will lock with the current rate. For example the current rate is 5.2% (BR+1.3% + 3.9%) therefore this is the min amount of rate you will be charge. But if the BLR (Base Lending Rate) or BR (Bank rate) is increase than your installment also will increase. For islamic ASB loan facility the max rate have been set to 10.75% while for conventional ASB loan facility the max rate is not set therefore it can be higher than 10.75%. If you want for better rate try to look out for promotional rate offered by the banks.

How to terminate my ASB and how long will it take?

You can submit termination by fill up the form at the bank you apply the loan facility. Usually after you submit termination form it will take 2 to 4 weeks to fully terminate. But some cases it can drag to month.

After termination the principal surrender value and available dividends + bonus will be transfer to which account?

After termination, all the principal surrender value will be transfer into your bank account while for the available dividends will be transfer into your asb account.


This are the only questions and answers i can provide for now. If you have any further question dont be shy, just ask here. Hope this will help you guys. Thank you.

This post has been edited by haziqnet: Mar 10 2017, 01:28 PM