guys, need ur comment..

i have 2 k...only..dun know where to keep d money..with good interest..

las time i'm planning to keep into Jazmeen investment..but there's hv problem with bank negara tis morning and i think need to change my plan..

any recommand?

tq..

FD good interest with 0% risk

but i just have 2k only..how much d requirement for FD?

Pick up some blue chips stock now at bargain price or place 12 months FD at 3.70%

You can put 2k in a FD @ CIMB bank.

Market heading south generally, hold it close to your chest and wait until fear subside... then maybe can buy some blue chip for longer term... but make sure you have no immediate needs to utilize that fund.

put fd is safer. your 2K is not enough to buy any stock also.

Buy AMWAY counter. Its price is pretty flat and they pay annual dividend which is more than FD.

2k is enough to buy stocks but bluechips its not sufficient..

yeap put in FD for 8mths@3.8% ambank

This post has been edited by calvin00cool: Oct 14 2008, 09:13 PM

As the saying goes, make sure you have sufficient savings before thinking of investment.
Especially true in current market situations.
Only invest when you can afford to lose.
So just keep the RM2k in the bank. FD will do.

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Added on October 14, 2008, 10:21 pmBefore TS misinterpret....the interest rate is per annum.
So one has to fixed the deposit for full year to enjoy that rate. Wondering what's the rate per month, just do a rough calculation by dividing the rate by 12 and times how many months you want to place the deposit.

This post has been edited by b00n: Oct 14 2008, 10:21 PM

there is risk....tat is losing out to inflation....

fd also got risk? really...

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Added on October 15, 2008, 3:57 pmso..do i need to put under fd 1st?any risk? actually i'm not really know abt fd..might b u can explain me more..

This post has been edited by dian_kasalisa: Oct 15 2008, 03:57 PM

I would think it is better for you to invest your RM2000 in shorten deposit such as 1 month or 3 months. The reason being this is the only RM2000 you have and in the event of contingency, you can liquidate your investment fast and and easy.

must save how much only can buy blue chip?? blue chip means share?? like maxis blue chip?

why 2k not enuf to buy share??
now share can buy in 100 units instead of 1000 units!!
slowly buy and keep for long term... dividend higher then FD and may get bonus issue.. and etc... price may also go up
also got some benefits
like you buy Genting they give you free stay... shareholder mah but depend on the quantity

Not necessarily true.

FYI maxis no more listed.

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Added on October 15, 2008, 8:04 pmGot to check on the commision first.. If you buy less than RM 5000 PER transaction, your charges will be around RM 25 - RM 40.00

Take for examPLE amway 1 lot is RM 650... iF you buy 1 lot then the total charge will be RM 650 + RM 40 = RM 690


This post has been edited by darkknight81: Oct 15 2008, 08:04 PM

oh i c..so means i need to save my money to 5k only can buy blue chip?

typical like mentioned there's only 2 risk.
1) Inflation risk whereby you risk your interest earning is not able to cover the inflation rate. But basically it's not to any concern as your main purpose now is savings. Like I mentioned before, before you got any savings, don't talk about investment. Let's put it into a simple scenario, can you afford to loose that RM2k? Would you one day needed the RM2k.....I meant short term.
2) 2nd risk is if the bank goes bust. But than again PIDM insures deposits up to RM60k. Thus you get back your capital, but not sure whether or not the interest amount earned is being insured or not. ANyway, you still get back your capital as it is.


Yes, thats it. And there's no placement charges thus one doesn't loose the capital.


How does one guarantee the dividend? During bad times, they can't afford to give out dividends. Also, what's the price for Genting now? What can RM2k get? and with 100 units like you mentioned, what do you think the dividend amount you'll be getting?! I'll tell you it's peanuts.

Anyway like I stressed over and over again, do not ask others to invest in a riskier portfolio when one doesn't have any savings. In the event she needed the cash, she would be at the losing point when share prices is dropping like mad currently. So do not talk about investment when one cannot afford to loose.

Not necessary. Since blue chip is expensive, with lower capital, the number of share you could grab is not many.

Savings is savings. Do not ever mix savings with investment.
Also, since talking about savings; one needs to concentrate on building his/her emergency fund also before talking about investment.
Savings and emergency fund is the basic before venturing out into investment because in investment, one can lose; so can you afford to lose the money you invest? If not, don't commit yourself!

btw, lets say if i put 2k in FD. Few months later, if i have save another 1k, can i add it into the FD?

Into the same FD? It depends on the maturity date. Or else, you can create another FD (separate FD certificate).

what to u mean by maturity date? can explain more? that means i can create multiple accounts for FD? what is the best way in my situation?
" a get to save 1k in 2 months" can i top up in the current FD or keep on opening multiple FD accounts?

thx =)

What I meant is upon mature, you add more cash to that existing FD cert if you want to renew it.

It's up to you to have a single FD cert or multiple FD cert.

The good thing of having several FD cert is you can have different maturity dates.

maturity date means when ur FD term habis la in lame man's term

Yes you can.
Just to share a FD placement strategy with u. The highest FD rate is 3.70% for 12 months but you don't like it because your entire savings will be tied out for 1 year. But 1 month FD rate is currently around 3.10% and you don't like it either. In order to enjoy the best of both, you place your FD say RM1000 for 12 months but place it on monthly basis. As a result, you can enjoy 3.70% interest rate and at the same time with the flexibility to uplift some money every month after 1st year.
3.70% has been the standard rate for 12 mths FD placement since many years ago.

Hi TS , its best to save conservatively now.


For info on saving plans and their rates, you can check with this website from Bank Negara and use their various tools.

http://www.bankinginfo.com.my/index.php?intPrefLangID=1&

If like that's also consider a risk then better spend the money away then no risk at all.

if monthly basis then will follow monthly interest....i think you mean break down to smaller months....

since TS mentioned about saving..
why not try Standard Chartered Esaver? 3.0% for normal account saving plus 7% rebate if you use the debit card to buy petrol..worth right guys?

I think if we are young, we can take the risk to invest 30% at high risk high return business.
I invested an business for the engine oil dealership at RM 27,750.
I input RM 27,750 and I straight get back 50% return for the engine oil, E-Merchant point and products. And I already can start the engine oil business by looking for dealer and consumer.
Btw, I share the company profit from the monthly sales turnover among the same dealership at about RM 1K per month. But the amount is subject to the company sales. This profit sharing is one type of capital return provided by the company for 36 months to recover my invested amount. When company successful IPO listing I will also entitled for the equivalent share value of my investment amount.
But the most important thing is I can start my dealership business in the whole malaysia. The car engine oil business is a 10 billions business per year in Malaysia.
Sound like money game? I study this blue ocean business for 3 months...
For more details, visit http://glopac.blogspot.com

Got similarity of MLM or direct sales model of businesses. Nothing to shout about.
Anyway good luck to you.



Haha, you wish you don't have those shares for current and near future, all IPO suffered significant discount (at least 30% or more) compared to its IPO price. Also, almost all IPO are either being postponed and cancalled lately by respectively company.

Anyway, it is out of topic of this thread already.

i reported his/her post !!

I would suggest Australian bank. Try go to the local bank and ask them if you can save your cash in some sorts of AUD bank account. Australia interest rate is now 6%, so perhaps you can get something like 5% in malaysia. Further more, AUD exchange rate is now extremely cheap. Its like the cheapest over the past 10 years??? Buying now at Rm2.4=AUD$1 , im sure it will recover to 2.7-2.8 some time in december/january. And when you sell, you've made money from bank interest + the exchange rate part That is 10 sen for every ringgit you keep (10%)

i disagree wit tat. based on the market conditions now, AUD currency is depreciating le.. n how r u so sure with ur speculation? how sure r u on the recoverability of the market at year end?

This post has been edited by yiivei: Oct 16 2008, 03:48 PM

In an investment term, inflation is one of the risk.


Savings is better left un-touch until it reaches the goal set.


Say if you loose all that RM27,750.....would you suffer or do you still have back up money for you to live on?
If you do not have, than why risk the RM27,750?!
So like I mentioned, always have savings first before talking about investment!


You wouldn't know whether Australia would revise their interest rate or not. In your analysis, yes it's optimistic. But one thing to consider beside Australia revising their interest rate, another concern is on whether or not Aus Dollar would continue drop and doesn't climb back.