Good good.. Another satisfied “customer” who listened ..

Perhaps you are one of those who qualify for an extension.. Various factors la.. But hey you can still call them back and settle if you feel the need to.

Looking into this again... See if dpt or not... Will update if successful.

Then should be okay.

StashAway currently at 11% gains...Switched..

Depends on you really. Some will say no good.. Others will counter... If your goal is something almost risk-free & forced savings? Then go ahead. Else you got decent spare cash unsure where to park? Options galore, just not as “guaranteed”. Don’t want to say more.. Later dramatic folks all come out.

What are you waiting for then... Buy more and ditch ASB since you are making that much.. Don’t forget LTC & ETH, get on that train.. oh wait, you aren’t and you won’t..

FYI and to those it actually matters. I only mentioned SAMY as a reasonably safe alternative with some risks of course. But not as risk heavy as stocks day trading or as the extremely volatile cryptocurrencies like BTC.

This post has been edited by voncrane: Jan 15 2021, 01:53 PM

It is because then you should get the lowest monthly repayment amount too..subsequently, a lower annual (out of pocket) amount to hopefully reap higher dividends at year end. A definite over time for sure as you keep compounding.

This post has been edited by voncrane: Jan 15 2021, 02:02 PM

Dude... You don't have to always resort to insulting when you can't come up with a witty response to even light banter.. This isn't /K where you open threads to discuss How to ask for anal from "your gf/wifey"?. In here, money talk and clearly just because you are on a forum which allows small boys to sit at the big boys table and comment, does not a big boy you make. Taking a page from your book, only a true idiot would think someone else discussing finances and offering clean advice is an idiot. You clearly stated that you pulled your funds from ASB3 and dumped all in EPF. That in itself is proof that you do diversify. Means you figured EPF would do you better in the long-term than ASB3. Which also means I do know you diversify. Well that and the numerous postings you've had going on about EPF and why ASB performed poorly in /K. I merely offered SAMY as an alternative should others be interested too.. As well as told it's okay to sign up for ASBF for ASB1 if needed and fits the individual's risk appetite.. I don't see you getting lynched for the EPF > ASB postings. Neither did i call you an idiot or a backslider for ditching ASB3 in favor of EPF. Notice the difference in mindset and civility between us?...Yeah.. Like I mentioned earlier, just because you are allowed to play around the table, doesn't a big boy make you. So you might want to dial back on the tantrums, you should have out-grown the toddler stages by now.

Come limpeh show you some hint of how long I've been in crypto...


The answer to this depends on the following factors...
1. How long you have been in ASB. The longer you have been in, the easier it is to ride out this storm. Who began last year sure cry versus someone who began 10 years ago when the going was MUCH better and compounded since then.
2. If you've been compounding or merely rolling dividends.
3. If you've got the financial power to keep "force-saving" or not, regardless of the poor outcomes (expected cuz covid bla bla) in hopes that it'll rise again.
4. if you have no other alternatives to invest your cash. Cuz literally anywhere else is better than just leaving it in your normal current/savings bank accounts.
5. Your risk appetite.

My bad.. comprehension fail.. Merely used the exact word you used...
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...RM60K annually.

This post has been edited by voncrane: Jan 15 2021, 03:08 PM

Typically, nope. Except if there’s a balance to settle even after the bank “cashes” the cert back.. Example, balance is 201k.. you terminate and they only get 200k back.. you’ll have to pay that extra 1k..

It is calculated as a whole..BUT, lowest amount each month... Example, say as at last month you had 200, but you deposited extra 50K this month. Because January 1 still saw your balance as 200k. This month will be calculated as 200k. only from next month onwards does calculations begin with the full 250K. Lowest amount in your account each month.

Scenario 2

What Buggie says.. However, here you go though.

It's a tad difficult to offer the best advice without knowing exact numbers. However, if you have to mentally stress each month just to get by? I would suggest that you terminate, get your funds back as cash. Draw a plan that allows you to breathe easier for at least the next 3 - 6 months. Calculate the cost and then reinvest the rest. now if this means just investing with cash or a loan? You check the maths la. The important thing is not to raise your blood pressure unnecessarily. Hopefully in said 3 - 6 months you land a decent job again and or grow your current side income. Whatever you do, don't 14th floor.. It's not worth it..

In the past, logically, and typically? Yes, that would be the pattern to follow. However and depending on your risk appetite, there are other options. Now I could still recommend filling up ASB2 but perhaps skipping ASB3 (pending new info) and going somewhere else. I’m just waiting till dividends announced & credited for ASB3 to really decide to pull it all out or leave as is. It’s almost due, so just let it be la. You can check previous posts and other financial threads for possible alternatives.

AFAIK, there are still no loans for ASB2... Doubtful if you terminate "a slot" suddenly opens up that you can immediately claim back.

Boast? Nah... Too busy counting wins and seeking more.. A good thing he's not as dumb as most, yet civil enough not to be flustered. The poster already arrived at a logical conclusion without additional help. Remember, Buy low..Sell high.. Wins every time..

Accurate

Correct

My unprofessional 2 sen, I don't think this will happen as much as EPF, seeing as EPF is more on actual cash versus loan money. ASB 3 and the other cash only stuffs? Perhaps yes. As there's no advantage or using other people's money to make more money.

Wishing you all the best...

Well said and thanks for sharing. Those who have eyes and half a brain can understand..

Hi troll.. Mr. Pot calling kettle black... Didn't you just reconsider as well? lol.. Trolls be trolling. Come, limpeh remind you. Your own words. i took the liberty of hotlinking & screenshotting it to place here for your convenience. I know how little you like to use your abilities for actual research. What to do, trolling can drain one's mental acuity.



Post #160

Hey.. I understand your concerns. I really do and that's because i once shared some of it. So I did my research and gave them some time to prove themselves before taking the plunge. Today, 14% returns in less than a year tell a tale.. Simple investing.. "Buy low, sell high" & Warren Buffett's — 'Be Fearful When Others Are Greedy and Greedy When Others Are Fearful'.. But hey, don't simply take my word for it. Here is some light reading regarding StashAway.

StashAway is the first to be awarded a capital market services licence for digital investment management by the Securities Commission Malaysia to carry out fund management activities according to the digital investment licence framework. This was is 2018 and their license can be found right off the Malaysian SC website.
The Edge Markets
Fund Selector Asia
More light reading here from the SC website

And to answer your concerns about "What happens to my money if StashAway gets acquired, goes public, or closes?"

Feel free to debunk the above and let's wipe the floor with Stashaway's black & white.

Disclaimer:.. It's your money.. You did your research and decided where and or how you want to invest. FYI, and as recent returns have shown.. While our money is safe in Malaysia and in myr.... Know what keeps going up? Cost of living, RM depreciation, inflation, etc. RM100k today left to compound at a steady average return of 5% per annum will total 164,700.95 after 10 years. Now ask yourself, how was the country's purchasing power 10 years ago versus today? How will it be in another 10 years time given the current and projected political climate? Who knows.. Here's what I know.. I would prefer having a slight advantage over time. Have a good one.. Off topic d


Image attached for clarity..

This post has been edited by voncrane: Feb 28 2021, 11:59 PM

I'm not saying that all high-risk "games" will always result in high rewards. But if you hit the jackpot? You hit the jackpot smiling to the bank. If you "play" and you lose? Well, you lose. That's why it's a high-risk = high-rewards playing field. But it's hard to lose completely when you buy in at a really low point, bid your time, and cash out at an ultra-high.

Fam.. I don't want to be part of the thread being derailed...there's a dedicated Stashaway thread... You are welcome to bring your concerns there and duke it out with those more seasoned than I am.. I already provided you with some research, my reasonings, and current returns (36% & 14% risk portfolio..). I was also careful to say pretty much the same thing as you say in the bold part. FYI, some back in 2010, 1 BTC was worth $0.08. Earlier this year, it surpassed $50K and folks cashed out. You know what ppl were saying in 2010 about Bitcoins and how worthless they were? Sure it was high risk, but who's laughing now? Similarly with Doge coins.. Doge was created as a meme for btc.. Folks had hundreds, thousands and just laughing about it back then.. Fast track to today (went up about 10% in the past 24 hours).. Again, who's laughing now..

I listen to BFM radio station and yesterday morning they had a guest....Pankaj C Kumar, a financial market columnist, and former Chief Investment Officer come in to talk about the EPF fund and if they are on track for a repeat performance this year. You can also listen to it here..It's free. I promise you it's a good listen. They breakdown how last year's returns came to be and that it was a conservative number as well (aka, could have been higher, but EPF folks playing it safe). The local market has a cap and when you are operating with more funds than the market can absorb, you have to go outside. A move they did last year and it paid off in comparison to those who only played local markets.

To conclude, you aren't wrong.. but you aren't right either... I posted a calculation in my previous post. You take RM100K and save, targeting the "high" returns of 5% annually in a platform that almost exclusively trades locally? It'lll take you almost a decade to turn another RM100k. By which time your now RM200K might now be worth RM150K or less even. Now this is all well and good for some, but not for all. Others like myself prefer a healthy mix for reasons i explained earlier. However, here's a simpler example, I remember buying a Samsung flagship phone a few years ago for RM2k++ and screaming why phones are so expensive. Flagships today (albeit with more power & storage) easily cost RM5K++, and we don't have an appreciating RM to thank for it. What this means to me is that RM2K from years ago is worth lesser and I must make more in order to maintain or surpass the same living standards as back then. This is my goal. No more, no less. Stashaway offers a safer and cheaper way to play with USD stuffs at zero to little management fees, especially when compared to other management platforms that allow dabbling in forieng stocks. This is one of the major reasons for their growth here.

When you talk about pulling out of ASB and going the EPF route due to higher returns...You are just talking.. But when I talk about pulling out of ASB for Stashaway due to the same reason...higher returns, I'm boasting? haha

Kid.. Kindly stay in the kidz zone.... Adults are discussing. I'll get you a Mcd meal toy in a bit.. Chill...

This post has been edited by voncrane: Mar 2 2021, 12:55 AM

I can’t remember who shared earlier. However, the general consensus is that the funds are already too large especially when they only play locally.. There’s only so much our market can absorb.. I guess they’ll reopen it when they confirm more avenues to make money from.

Weird.. I always assumed since it’s own cash, can go high.. Did you just try it? Maybe because the trxn is outside operating hours?

I would suggest trying for the simpler method first... Ask to get pre-approved first for the full 200K loan & ideally on more favorable terms.. Also, you can approach other banks to see if they'll match and or counter with a better offer. If the 200K can be gotten? Then consider canceling the current 100K loan. Since your outstanding bal is lesser than the initial 100K, you shouldn't have any issues or owe extra upon termination.

Lower interest and longer tenure for a higher amount is good... BUT apply first and get approved before you cancel the current one. This not only guarantees you'll get the loan, etc but also saves some downtime.. Hopefully you only lose a month's dividends and not 2 or more months..