Where can I check the dividend for previous years?
Is there any other safe investment around?
ASB loan, worth to get it???
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 Apr 4 2011, 10:57 AM
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Newbie
2 posts Joined: Apr 2011  
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Apr 4 2011, 12:39 PM
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Senior Member
5,170 posts Joined: Jul 2006 From: /k//k/, /k/undasang 
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QUOTE(Gigantic @ Apr 3 2011, 06:14 PM) Please advise... that would be the "best scenario"I am a 21 years old student and I did my calculation for 30 years because that's when I reach 51 years old. From what I heard, maximum cash you can put into your asb account is 200k,anything more than that has to be the dividend Let say you put in 200k... dividend 8% annually compound interest. 200,000 (Base) 216,000 (1 year) 233,280 (2 year) 251,942 (3 year) 272,097 (4 year) 293,865 (5 year) 317,374 (6 year) 342,764 (7 year) 370,186 (8 year) 399,800 (9 year) 431,784 (10 year) 466,327 (11 year) 503,634 (12 year) 543,924 (13 year) 587,438 (14 year) 634,433 (15 year) 685,188 (16 year) 740,003 (17 year) 799,203 (18 year) 863,140 (19 year) 932,191 (20 year) 1,006,766 (21 year) Millionaire! 1,087,308 (22 year) 1,174,292 (23 year) 1,268,236 (24 year) 1,369,695 (25 year) 1,479,270 (26 year) 1,597,612 (27 year) 1,725,421 (28 year) 1,863,454 (29 year) 2,012,531 (30 year) Millionaire!! Is this correct?  inflation 30 years later will take your 2 million as little as today's value of 1 million (or less)  |
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Apr 4 2011, 01:42 PM
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Senior Member
630 posts Joined: Jan 2003
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i think 8% - 6% (inflation) = 2% interest for best scenario......
after 20 years should be around 310k after inflation... is my calculation right?? |
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Apr 10 2011, 04:55 PM
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Junior Member
32 posts Joined: Oct 2009
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Hello,
If I apply for loan for 20years, and pay for monthly payment. After 2years, I take my money from ASB clear the loans and gain dividend from this 2 years can or not? Let say I got RM1k a month to invest, RM1k can apply for RM150k, I already got RM50k so RM200k in my ASB. Dividend for for first year 7% Dividend RM14k, I got RM214k, 2nd year 7% make my balance RM229k. After 2nd year I want to clear my loan, how much do I need to pay for the bank since I want to know the profit. Sorry, hope you can help me since I still blur with this ASB loan. |
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Apr 10 2011, 09:36 PM
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Senior Member
5,170 posts Joined: Jul 2006 From: /k//k/, /k/undasang
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QUOTE(playerseeker @ Apr 4 2011, 05:42 AM) i think 8% - 6% (inflation) = 2% interest for best scenario...... no way inflation is at 6 percent! that would make a lot of low risk investment schemes obsolete....after 20 years should be around 310k after inflation... is my calculation right?? |
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Apr 27 2011, 12:24 AM
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Senior Member
1,273 posts Joined: Apr 2008 From: cheras,kl
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May 23 2011, 02:39 PM
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Senior Member
1,052 posts Joined: Jan 2008
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Let me add something here, the longer term your loan payment the more you get. The shorter term the less you get. This is working for the person who want long term saving with patience.
Think this way, do you have enough saving for your retirement in the future? |
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May 26 2011, 06:13 PM
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Junior Member
94 posts Joined: Mar 2009
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asb loan from cimb, can do early settlement right?any penalty?
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May 30 2011, 09:44 PM
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Senior Member
1,273 posts Joined: Apr 2008 From: cheras,kl
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now blr has increased, hopefully dividen for this year also will increase to cover the blr...
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Jul 1 2011, 09:57 AM
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Senior Member
5,170 posts Joined: Jul 2006 From: /k//k/, /k/undasang
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what is the best loan to take for ASB easy ASB by RHB seems doesnt have the first 5 years no interest payment scheme already
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Jul 2 2011, 02:05 AM
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Senior Member
1,273 posts Joined: Apr 2008 From: cheras,kl
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rhb asb loan stop already meh?
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Jul 4 2011, 05:24 PM
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Senior Member
5,170 posts Joined: Jul 2006 From: /k//k/, /k/undasang
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QUOTE(fahrur_07 @ Jul 1 2011, 06:05 PM) rhb asb loan stop already meh? they still give asb loan but they dont have the first five years no interest paid repayment sccheme promotion anymore |
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Jul 4 2011, 06:26 PM
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Senior Member
1,273 posts Joined: Apr 2008 From: cheras,kl
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QUOTE(ah_suknat @ Jul 4 2011, 05:24 PM) they still give asb loan but they dont have the first five years no interest paid repayment sccheme promotion anymore haish...latejust plan to take asb loan from rhb for short term investment |
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Jul 5 2011, 01:23 AM
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Senior Member
5,170 posts Joined: Jul 2006 From: /k//k/, /k/undasang
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i am going to ask from maybank and rhb tomolo, seems that these 2 banks are the most popular for asb loans
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Jul 5 2011, 07:01 AM
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Junior Member
164 posts Joined: Sep 2007
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QUOTE(ah_suknat @ Jul 4 2011, 12:23 PM) i am going to ask from maybank and rhb tomolo, seems that these 2 banks are the most popular for asb loans just go ahead and take the most maximum! if you can afford the instalment for the first year! |
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Jul 5 2011, 03:21 PM
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Junior Member
146 posts Joined: Dec 2007
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somehow i feel like cimb give the better deal
1. can loan more than 25yrs up to 60yrs old - meaning lower monthly commitment 2. lower monthly payment (not much different though) 3. they have the 4.65% for 2yrs than only BLR-1.65 (others BLR-1.65) questions: 1. is the insurance worth it? which bank have better insurance deal? im 25yrs 2. if i can only commit rm600/month. is it better to go 100k loan for 25 yrs old or 50k loan for 10yrs? what if i withdraw after 10 yrs? thanks |
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Jul 5 2011, 04:33 PM
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Senior Member
5,170 posts Joined: Jul 2006 From: /k//k/, /k/undasang
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yeap I just visit all the 3 banks that offered, maybank, cimb and rhb, and I too feels that cimb give the best rates at the moment
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Jul 8 2011, 06:14 PM
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Junior Member
91 posts Joined: Sep 2009 From: Shah Alam
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I think Maybank offer da best. BLR-1.65 & 25 Years Tenure. & also the only one with Islamic financing ~
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Jul 10 2011, 02:21 AM
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Senior Member
2,139 posts Joined: Nov 2007
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can anyone confirm whether the divident after investing 200k will also be used to calculate divident for the next year?I understand that there is a limit of 200k ,if we invest directly,but what if the additional amount is coming from the dividen,will it still be re-invested?
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Jul 10 2011, 03:33 PM
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Senior Member
5,170 posts Joined: Jul 2006 From: /k//k/, /k/undasang
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QUOTE(backspace66 @ Jul 9 2011, 06:21 PM) can anyone confirm whether the divident after investing 200k will also be used to calculate divident for the next year?I understand that there is a limit of 200k ,if we invest directly,but what if the additional amount is coming from the dividen,will it still be re-invested? yeap |
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