Hi sifu,

Same question here. What is the meaning of rolling? What if i made a loan from bank for 200k and then put in ASB and then every month i pay with my own money. This is not consider rolling right?

Then i wonder what is the meaning of rolling? Can you please explain?

i see.. but this only can be done once a year and after the dividen is paid right? I thought you have to pay the installment every month?

By the way, wouldn't it be much making sense if i pay the installment myself for the first 5 years and then after that only use the dividen to roll and pay the installment?

what say you? Assuming is asb1

hmm.. you are right also.. but in order for you to get another loan, the bank no need to see your commitment?

in this way, how much you will get in perhaps 20 years time?

Just curious, and maybe a little off topic.

How many of us here uses the dividens for other than rolling? I pay my ASBF monthly and use the dividens and bring my family to go on a nice holiday every year.

I feel there's no point saving so much if you dont enjoy life. Obviously, Do Everything in moderation.

Again, was just curious. Dont bash on me for not rolling my dividens. =P

Well, you do that each and every year without backup..?.? You'd never see that million. But hey, it's your money. Sure, we all need to live life and not be so stiff. Just don't be a fool about it. Saving for ones retirement, Inflation and rising cost of living are still a thing. Neither cares if you "blow" your savings/investments on "luxuries" at the wrong times. I know a lot of people who were fairly well off and due to keeping up with the joneses and etc, are broke today. You do you, but what I do know is that it's easier to spend say 30k annually on trips or toys, when you know your various investments net 100k+ annually. That's how the real rich remain rich..   

I also haven't done the math either. Mainly because for ASB it is no longer an option for me. I'm on ASB 400k loan. I wanted to refinance a few years back but the bank told me that I could only reapply 200k and not the 400k that i was already on due to the PNB ceiling cap. So i opted to keep the 400k loan. So this will be it till the end for this loan. no more refinancing

ASB2f is a different story. Took it about 4 years ago and it's usually just about the time i would refinance. But I can only apply to 65 years old and with my next birthday being 44, I'm only eligible for 21years. I reckon at the current interest rate and 21 years tenure, the repayments should be about 1400?? i think so.

rough calculation at 1400 a month, this would cost me 16800 per year
ASB2 current amount is 253k (200k sijil + 53k dividend) therefore next dividend will be:-
1st year 16.4k
2nd year 17.5k
18.6k
19.8k
21.1k
etc...

So if i'm ever gonna do it, it'll probably for the ammortised kickbacks of about 10k which I know I won't reinvest. It'll probably be spent as a reward as per all those times before.

I think i'm due a little reward so i might just do it!

Could you give me a more detailed calculation? especially on the monthly repayments. Thanks bro

Available units in the fund is out. Alls been bought.
The fund is limited unlike asb1.
I guess ill need to try buying everyday. If luck on my side, can buy units whos ppl have sold.

Tried again today and managed to buy 20k.
Yes the fund is limited to RM10b.
Check thier yearly report. Total units ‘Dilanggan’ from 2017-2018 was 9,277,848,796.
When asnb announced this fund, they even mentioned “RM10billion fund size”.
Hence why asb2f is limited. Cause without units to buy, what is there to finance.

Just want to inform you guys.

Bank sotong is going to extend the loan tenure from 30 years to 35 years max.

Current rate still 5% for 85k above and 5.1% for 85k below.

This will be a gud news to asbf player. Longer tenure means lower monthly installment and higher ROI.

Feel great to be the first one to inform you all. Hehe. Can pm me for more info.

35 years loan only applicable to those who age between 18 to 30 years old. Max age is 65 years old. Therefore if ur age is 32 than your max tenure is 33 years.

Last week i register asb at post office and i deposit rm200. Now i want to put money into my asb saving account. What is the easiest way other than post office since i work 8-5 so no time really to que there. is it possible to do it online, bank in?

yes, Im referring to this...
Yes, but if I manage to payback ASAP, the interest shouldn't accumulate so much right?
Yes... this is what my rough idea is...

but since Im not really financial literate, so I need more advice from the pros....

no2...

my strategy is like this

bank A do cash advance, ~RM 3300...

bank B will do BT (3years Max) and take bank A balance, monthly pay around rm100...
then I will take 50k ASB financing (30 years) from Bank C, monthly paid around rm270, yearly around rm3240 <- fully paid by bank A cash advance...
so instead of paying rm270 per month for a year, im just paying rm100 per month for 3 years...

tapi why maybank kekal je bayaran bulanannye. afiin makin naik

1. The best rate in the market is now around 4.75% p.a., for a tenure of up to 35 years

2. A lot of people do what you are thinking of doing, that is to transfer whatever cash balance they have in their ASB to ASB2, and apply for a max financing for ASB1. Once ABS2 financing has opened up they can start applying for ASB2
It depends. If you follow our discussions, there is this thing called softcap. The softcap is increased by receiving distributions since the inception of your account. The distributions do not have to be kept in the account (you can withdraw them).

If you have received a total of at least RM30k in distributions over the years, then your softcap would have increased by RM30k, and you would not have to withdraw the RM30k cash before the bank can disburse RM200,000 funds into your account. Check out figure 1, this client of mine has some cash in his account. and still has RM200,000 units to buy


Figure 1. Showing the balance of available units to buy despite still having funds in the account

Assumption: 7% distribution rate every year

1. You got the right principle, but lets use the right terminology here: Your softcap has increased by 14k, your hardcap is still 200k

2. If you withdraw the RM14k distribution that you have just received, your softcap will continue to increase by next year. Why? Because you would still be receiving the distribution based on the RM200k capital that has been invested through financing. In this case, your softcap would increase by RM14k, making a total softcap of RM28k (RM14k + RM14k)

3. Now, if you had left the RM14k distribution alone, your next year's distribution would be RM214k x 7% = RM14,980; making a total a total softcap of RM28,980 (RM14k + RM14.980)

4. RM28,000 vs RM28,980 in the first year. Due to how compounding works, this difference will increase over the years. If possible, try not to withdraw any of the distributions

This is why it is very important to start your ASB-financing early. I have recently got clients born in the late 90s with 1999 being the youngest. She applied using her dad's income (she has no income) and will continue the payments once she has started working. This is beneficial as it helps her:

a. start her investments early and accumulate her wealth
b. increase her ASB softcap starting from the age of 20

I wonder when will I get a client aged 18.

4.85 + 0.40 bonus .. total 5.25

Guys, wanna ask. I found out I can apply for personal loan with interest 3.5%. However max can only do for 10 years.

Is it wise to use this personal loan and put it in asb? Does it worth it?

Thanks.