WHY ASB Financing? WATCH THIS! 【Subtitle Available】CARA MELABUR ASB
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- เผยแพร่เมื่อ 12 ก.ย. 2019
- WHY ASB Financing? WATCH THIS! 【Subtitle Available】CARA MELABUR ASB.
What is the smartest way to invest in ASB? Why use ASB financing /ASB loan to invest? Imho its the best way to invest in ASB!
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#asbfinancing #smartwaytoinvest
i love all your content 👍👍 very valuable.. keep update
Thank you for food for thought ya. Appreciate.
Informative and straight to the point, well done sir.
Thanks man!
Another great vid!
well explained. a few points;
1. you kept stressing upon the income of Rm 14,400. However, you're also paying Rm13,200. So net gain comes out to be roughly Rm 1,000.
2. Interest rates and ASB rates fluctuate. So far ASB rate has been above the interest rate but ASB rates keep falling and interest rates keep rising leading to a net negligible gain per year.
3. The true benefit comes from the dividend compounding which will get the most value to the person after the 4th or 5th year.
Great explanation! :)
Thank you
In the first scenario, you don't have any debt, so literally no risk. In second scenario, you will have 200k debt plus monthly installment of 1100 so your profit is actually 14400-13200 = 1200 which is merely twice more than in the first scenario. If dividend rate ever falls below the loan interest rate (very likely due to the trend of falling dividend rate every year but fairly constant interest rate), then you will experience loss instead of profit.
You forget that interest rates are also revised time to time following the economy or simpler term, it gets lower say in bad economy. Example rn bad economy right, asb div only 5.5%, loan rate is 3.5% roughly, its still untung. Just not much. More or less like u simpan asb manually. Just that with asbf, by the end of loan period, u get 200k plus yr capital so its a lot
@@ggexp6128 but still, it's not guaranteed that the asb dividend rate will always stay above loan interest rate. It's on a downward trend and I won't be surprised if it becomes equal to the interest rate. Asb 2 is 4.25 this year btw.
If you can take this kind of risk to apply for asbf, I think it would be more worth it to put the money that you would otherwise be paying for asbf into other riskier but with much higher return investments. Keep asb as something like a bank account- where all the money there is your own and not from a loan.
Finding a way to invest money for my future studies. Been wanting to study overseas without my parents help. But I think Rm200,000 is still not enough 😬
For non-bumi, to buy 1 stock for fixed price asnb is also impossible.
correct my friend.
The dividend based on "Monthly Lowest Balance". I think ada silap kira tu.
Mr Money TV, I have a question. If I take up ASB2 financing, at the end I will get RM14400-RM13200= RM1200, then is there any other charges or fee (interest) to pay? Appreciate if can include calculation. Thank you!
Your roi is 0.303% per annum....provided dividend is consistently fixed @ 7% which is unlikely...rm200k is a debt which you're paying for... it's not something earned miraculously at the end of 30th year... you're paying for it monthly with your 1.1k principle + interest... remember the banks earn rm196k in clean profit at the end of the tenure...in a perfect world if dividend is fixed at 7% for 30 years your net accumulated take home is rm36k by the end of the tenure.... scenario one seems like a safer option....just my 2cents la
The dividend calculation formula for ASB, is it the correct one?
Good video bro ... About the ASB financing it is a great idea . Keep it up . . Have a nice day 😁
Thanks man! Do go and maximize urs
Hi. Should I apply for the loan next month or next year to start?
Can u post an updated version of this . In the year of 2021-22
Just want to ask , for example the first year we get a total of rm 14k+ in asb , could we take it out if we do not want to invest anymore or can we only take the dividen of rm 550 out like so ? Thank you
what is the best platform for me a student to start ASB financing with Shariah?
You have to make a new video, with current interest rates and returns
Is this still relevant in 2020? Pleaseeeeeeee make an updated video 😆
Yes I’m making already! Stay tuned!
me to, please
depends on what ure aiming 4
masih jerr... dri simpan dlm bank
Is this still relevant in 2021??
i save money rm200k cash in 5 years...its smart way to be rich hahaha...
So sad the cat 😂😂😂
Im wondering what Dave Ramsay will say about this method of investing.
Hi there! Wanna ask, for bank loan, is the downpayment compulsory? Appreciate for your reply Mr Money TV!
For asb financing, no downpayment required as far as i know
I think this video is just misleading and never say the full details. It is just driving the attention to "RM 550.50 VS RM 14,000" which I find ridiculous!!!
6% - 5% is 1% that is worse than year to year inflation.
afif you can put the your money normally and get 6.5%.
Is it smart to use isinar 10k money to pay for 1 year worth of 200k loan.. after that use the yearly dividents to pay off the loan. I am planning to do so, for a long run return of 200k. So when my two kids become young adults they will have 100k each in their savings.
Peter! Typo error on 'Monthly Balance' :(
Seng He Ng aiya thanks for pointing out bro! 👍🏼
I wanted to buy the units. But sadly an agent told me my ptptn loan gotta be pay off and no house loan commitment. And i have both. :(
Really? I’m not aware of this rule.. need to check it out.
@@MrMoneyTV will you let me know if theres any way i cound get into asb financing when you find out?thanks :)
@@kin9422 your debt to service ratio is probably more than 60%
@@kin9422 ASB financing only for bumiputera.
Can i know how to start invest with ASB cause i want to do so
Hey bro! You can just go to a pos office or agent banks like maybank, CIMB. If ur bumi there will always be available units for you!
@@MrMoneyTV oh i see thanks for the advice
But this Only for melay ?
Mr Money TV please answer my question - so i pay RM 1100 monthly; totaling yearly RM 13,200. and at the end of the year get Rm 14,400 in Dividends. Now my question is the RM 13,200 i paid - is that full amount used to pay my interest for the RM 200,000 loan i took?
No, only part of the monthly payment will be used to pay interest.
what is the interest rate from the loan or any other bank charges?Please explain more about the net earning after loan termination. Sounds with asb financing, youll earn much leader despite of the high dividend. Kindly clarify thnks.
hzyr usually bank charges around 5% with OPR lower these day it’s also a good time to take advantage of this! I think I saw some banks offer 4.75%. Yes next week we got a video explaining this in detail! Stay tune and turn on the notification!
Just curious, I don't know if my calculation is correct or not so please correct me if I am wrong
If we go for Scenario 1 (Cash), then the monthly average would be
Year 1 = RM7,150 x 7% =RM550.50
Year 2 = RM20,350 x 7% = RM1,424.50
Year 3 = RM33,550 x 7% = RM2,348.50
Total Returns Earned after 30 years =
RM314,522.25
If we go for Scenario 2 (ASB Loan), then the monthly average for 30 years will be fixed at RM200,000
Year 1 = RM200,000 x7% = RM14,400 (Minus the fee of RM13,200 it is now RM1,200)
Year 2 = RM200,000 x7% = RM14,400 (Minus the fee of RM13,200 it is now RM1,200)
Year 3 = RM200,000 x7% = RM14,400 (Minus the fee of RM13,200 it is now RM1,200)
Total Returns Earned after 30 years =
RM36,000
Wouldn't doing Scenario 1 earn more than Scenario 2 in the long term?
Not basing the video or anything, I found it incredibly interesting and I thank you for sharing the information, but I just want to confirm if the calculation I've done is correct or not :)
Here is the Google Drive link on how I broke the figures down
drive.google.com/open?id=1UfoueRamvVCvm9BePmJ6wO-ZqMnvsS1d
For me.. i won't take loan just to have 7%-8% returns..
yeah bruh,i was just thinking about the same thing, especially in this condition of the year.
You didn’t compound the dividend on both calculation.
You also forget 200k that you get from paid out loans
You completely misunderstood scenario 2. If you pay loan like usual, and didn’t withdraw the dividend, let it compound for 30 years, you will gain a heck lot more than scenario 1. Maybe double
Don't be sad if you are not bumiputera their many other investment company just need to be punctual 😊😊
Thanks HAzim!
For non bumi? Got such a deal?
Unfortunately no. However with some financial creativity and patience we can hack this too. I’ll be sharing it in finlit2.0 😉
U got better chance if you migrate to other country
I understand all of ur explanation except why it cost us RM13,200?
I have opened this under my Wife very long time ago last time they were financing for upto 400k now only 200k , she is Malay and im foreigner .
You should have put the sad cat when mentioning i cant open it 😂😂
Hey Amal! i think you can take both ASB and ASB2 financing. then it will be 200K +200K ive known some who take both financing total of 400K
Mr Money TV For now I have the one for 200k Financing loan type. But when i wanted to go and open for ASB 2 Maybank said there is no more loan scheme for ASB 1 200k and ASB 2 200k . So only option is to go for cash investment and recieve 550 rm per year 😿.
But what is your suggestion ? Should i try with other banks ?
@@MrMoneyTV yah, i open it last year too, they only restricted it to 100k per asb.
RM14400 - RM13200= RM1200 this is the little earning goes to the investor. RM13200 go to the Bank after 1st year investment. Is it fair?
YEs because when it comes to any bank loan your first few years will be paying more interest.thats call amortization
You fail to see the 8th wonders of the world.
But 14k still need to minus per month RM1100.😅
equals to pay nothing "after" the first year and still get 200k after 30Y... one-time payment.. IFF divident is >6.5%
Exactly, not including interest rate of the loan
good point exactly. however, mr money is comparing with the plan; hence ROI.
Sad... only for melay
the slow motions are not even helping plus it's just purely distracting me from focusing on the topic discussed...I'm not sure when it will ever be funny when you're talking bout ur money
Sorry but I must be missing something here.
Scenario 2: 14400-13200 = 1200
Profit of only 1200/annum??
Don't waste time la dude
Rm200k * 4.45% = rm8,900
But the amount that you pay to the bank is rm13,200 annually.
So you lost rm4,300 seriously not worth it
So chinese lang can go married with lakia & malay girl to invest their money to the asb. Smart
Cina lang can buy asn. But i dont think worth it. Just make your life difficult, and no guarantee u can get 200k loan.
Comment by Robert T.Kiyosaki...the richer gets richer the average income earner becomes poorer
...
Yes that's true. that is why it's important that we get financially literate. so we can change our future :)
unfortunately it's for bumi only
JT yes. However with some financial hacks we can do this too! Do come join us in finlit2.0. I’m doing an intro about this on 21/9
Get ur FREE TICKETS HERE!
mrmoneytvfinlit2sep.peatix.com/view
At least 6%? this video didn't age well 😂
Nah... not worth it
政府大学固打制，
国民基金固打制 ，
都是马来西亚人 怎么这样...
F asb😅