Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 ASB loan, worth to get it???

views
     
playboy88
post Dec 2 2014, 03:31 PM

Getting Started
**
Junior Member
225 posts

Joined: Sep 2008
From: Kelana Jaya


hi all, i would like to know, start from which year the ASB investment able to get the bonus dividend?
playboy88
post Dec 4 2014, 09:48 AM

Getting Started
**
Junior Member
225 posts

Joined: Sep 2008
From: Kelana Jaya


QUOTE(wild_card_my @ Dec 2 2014, 03:39 PM)
Month 1, year one. How to calculate:

Monthly bonus dividend = [ 1 months / 120 months ] x ASB bonus declared for that year % x lowest minimum balance of that month

Repeat this calculation for each month of the year, from January to December.

Why 120 months? Essentially, the bonus will only realize itself for the money that has been in the fund for more than 10 years! Because that money you put in 10 years ago would be getting 1/120 of bonus for that month for that year for the next 10 years, 1/120  x 120 = 1, hence you would realize the bonus is 120 months!

Dammit this is the most difficult concept to explain. I can explain pretty much anything, but ASB is a weird-ass fund.
*
how about like this, currently i take an ASB loan for 100k, installment for 25 year.. after 10 year, i wish to sell off my ASB, what are the return will be?

 

Change to:
| Lo-Fi Version
0.0270sec    0.33    7 queries    GZIP Disabled
Time is now: 8th December 2025 - 08:19 AM