put some of the cash into tabung haji (3 month of salary amount atleast) the rest try to invest cash in unit trust. It also have good potential return in long term. Capital gain and dividend.

Yea asb2 is available again

That 2.5k is probably just the principal without the insurance. Insurance is normally banked in later after the principal, so ask the bank how much & when is the insurance is going to be refunded

TLDR: don't invest in unit trust unless you know your stuffs. Keep under your bed even safer. No loss.

I would advise avoiding Unit trust investments unless one has an excellent (not just good) agent to handle or knows exactly how to play the market. Else, you'll end up just losing money especially on agents fees. A family friend subscribed to such agent ("neighborhood friend") and regularly had amounts auto deducted from her account every month for almost 5 years. I decided to take a look at her investments and immediately asked her to go terminate and get her money back. Turns out she has been loosing money all this while and the agent just kept quiet. Upon confrontation, agent was like.. You win some, you lose some.. I was like .. So much for friendship..

Yup maybe can because the rezab quota for buying units online is still available.

I have some questions, appreciate some advise!

I have an ASB loan since 2012 thru sotong bank, and now I'm thinking of terminating and getting a better rate. My concern is I'm already 41 and I'm a freelancer at the moment. Do you think it's advisable to continue in case I can't get a new loan? Or is it possible to do a joint loan with my husband (who can't get ASB but who has steady income -- is this an issue for joint loan?).

Thanks.

First of all may i know what is the tenure of your loan with sotong bank?

Yes u can always terminate your asb loan for better rate. For me at age 41 is not too late for it. U still can apply max 24 year loan tenure.
But make sure it worth first. If your current loan is more profitable better u stay with the current loan. Need to make calculation first.

Yes u can apply joint loan with ur husband eventhough your husband cant apply for asb acc.

For more info privately message me so i can help u better. Thank you.

This post has been edited by haziqnet: Mar 25 2018, 12:31 AM

Reask: does public bank take asb dividend as income??

Received letter from maybank stating that they will increase the installment amount starting from this April...

What's the current rate for all banks?

Any news on ASB2 dividend?

again so soon?
i thought they just declared it in June.....

ASB2 financial year ends in March

Eagerly awaiting for the announcement, hopefully some election ccandy

Guys, my monthly instalment for asb loan increased effective 1/4/2018.

Can they increase the rate?

Yellow bank.

Same here...got the letter this week

What's the reaaon? Is it because of BLR? Or is your loan conventional?

Not sure.

but the profit rate is increased as well.

ASB 2: 6.75 sen/unit


Attached thumbnail(s)

in the letter, they stated that they want to maintain the existing tenure, hence the new installment amount.

Not great, but at least better than last year.

Another year of compounding. Building that base!

Now wait for ASD in June

This post has been edited by buggie: Mar 29 2018, 01:56 PM