QUOTE(samtbt38 @ Aug 16 2018, 10:54 PM)
hi sifus, sorry not sure if this is the correct place to ask,
i have 60k saving, and i can save 7.5k monthly, but until august next year i need to use all of it,
what is the best way to invest the money?
i'm thinking to put the 60k in asb,
then take 140k asb loan but terminate after 1 year. or take fixed deposit better? currently cimb has promo 4.3% pa. which one give more return?
Finally I did it for the saving basis.
You may calculate with this excel template.
https://drive.google.com/open?id=0B73zOYexH...MnQwZUlKRXgxZW8https://drive.google.com/open?id=1UzP0zJA40...k37RkhFgD31ii-zIf you loan for 1 year only for 4.3%, RM140k, which mean you need to pay RM11,941 per month. However, ASB is only final at 31 December 2018 and receive dividend at 1st January 2019.
If you put until August 2019, start from now. You cannot get anything. You money only start calculate from next month, so start from Sept 2018 until Dec 2018 only 4 months. You will get nothing from Jan - Aug 2019 unless you put your money until Jan 2020 then only take them out together with dividend. Usually dividend for 200k is around RM14k per year. If you loan RM140k+60k cash now for 1 year, your loan have to pay in sum of RM143,292 for one year. Let's say your dividend only calculated by 4 months, probably you only get RM4.9k dividend at 1st Jan 2019. Final gain is RM1.6k after deduct your loan interest of RM3,292.
However, you have continue to pay for your loan until next year August. For 11,941/mth. So do you think RM1.6k profit is worth for your invest?
If you use the saving basis, 60k+7.5K saving at August 2018, then sept - dec 2018 7.5k/mth. Let's say dividend is 6.75%, so you will get around RM1.7k dividend. So now, you should don't waste your time to keep your money in ASB account. Better just withdraw out all the money after January 2019 because you was said that, you need to use all of it at August next year. You cannot get dividend from Jan - Aug 2019 unless you keep your money until January 2020.
Always use my excel template to calculate, my excel will give you the best answer.
This post has been edited by junclj: Aug 21 2018, 04:25 PM