QUOTE(buggie @ Jan 31 2018, 06:39 PM)
There should always be a realist. Keeps things real yeah?
The route I took is real....and more importantly, still relevant. Thanks voncrane for putting up the table of historical dividends. First thing everyone should do is ignore the total dividends column because the 'bonus' dividends are insignificant if you know how they calculate it. Learn how to look past the window dressing. So just look at the dividends column. You would see that in 2001 and 2017 is the same dividend... 7%. Yeah sure it went up and down thru the years but no drastic changes there. So... What I did is still applicable and relevant in this era... About the 400k limit? Like I said... Just adjust slightly. In fact the landscape is better now than during my time. For 10 years I was limited by the 200k limit. Nowadays you guys have 400k if you count ASB2. If I had ASB2 in my days, I'd be 2M up now instead of 1M only. So consider yourselves the younger generation luckier than me. I'm so envious. You guys get to be 400k up instantly. I had to wait 10 years... Sigh... Plus, the banks interest was higher then. We were looking at upwards of 6% then. Not like 4-5% these days
And yeah voncrane is right also to say that don't kiasu and should enjoy when young. By all means... Everyone should enjoy life. But just keep one eye on your old age as everyone will eventually get there and your power to earn income diminishes significantly. So find a balance. Like I said in earlier post... If you're a salary earner like me that wasn't born with a silver spoon, work smart and hard to move up the ladder... Soon asb payments are just a small chunk of your salary that you also tak rasa. The rest of your income you go and do what you wanna do la. But if you're a rich kid who is waiting for your dad's inheritance, disregard all these posts as your strategy should be different.. Lol
What I have laid out and shared here is only a small part of my entire life... Lol... The ASB part as this is the ASB loan forum. There are actually better ways to earn more money. Some more risky, others require a high capital. Nothing ventured nothing gained. But that's for a different discussion thread.
Lastly... Try not to be a pessimist. Not a good way to live life. Things may look bad now but equally, things can also get better in the future. Who knows next general election BN kalah (seriously doubt this lol) and ASB naik to 10%? Who knows la kan? All we can do is be ready when that situation happens. Voncrane is right in that different strokes for different folks. Is all about opening doors when opportunity knocks.
Sure, I want the nation to succeed to RM1 = $£ even.. If can realize more divided within the next 5 years to constant double digits.. Be even happier cuz make more money and the money is actually worth it. Imagine having to buy say the latest iPhone for RM1K..Yeah, that's my dream for Malaysia. I'm no uncle yet, I tossed in the part about living because I know a few uncles and aunties who have a ton of money but no adequate health or desires to spend it on experiences. Cuz in the end, that's what truly matters as one ages. Not a Bugatti Chiron.. Well, a Lambo is okay..
QUOTE(faizfizy39 @ Jan 31 2018, 06:42 PM)
Thanks for the heads up. A wise advice indeed.
As a typical Gen Y, I may simply blame government for the "bad timing" where I can no longer enjoy the good old dividend rate and also just simply buy a any house low and sell high after few years like what Gen X did.
However complaining will get me nowhere, so action is more realistic. Of course, I have to adjust my expectations and something is still better than nothing.
The perk of being a Gen Y is that there are easier accessibility to everything. So we have to be smart and look for more options to diverse our investments.
With all that said, the attitude and awareness to start saving from young will always stay true.
You are welcome. Not many of us can do delayed gratification. It can be hard to see pals on social media with the latest cars or trips abroad... We want the same to. Just do it without breaking the bank and have a financial safety net. No need to blame the government, to me.. It's all one and the same regardless of who among them takes the helm.. I just hope that whoever does, remembers that people make a country and they assist...
QUOTE(haziqnet @ Jan 31 2018, 08:21 PM)
To summarize everything when u start young you will pay less and get more at the end. Realistic or not the current dividend still can give profit to asb customers. The interest will always in balance between the dividend to make asb remain relevant.
Bro buggie have share his real experience how from 200k and now he already have almost million in his asb acc (include loan) Asbf is only one of the platform. There are many instruments out there u guys can use to gain your capital. Just keep in mind the higher the return the higher the risk. Thats all.
And for bro voncrance thanks for the highlight about the previous asb dividend. Past performance will not indicate the future return. Anything can happen in investment. Its up to you how u play the game and manage your risk from loss.
Yup.. Up up up.
Jan 31 2018, 08:21 PM
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