For Malaysian Bumiputera Only
No doubt ASB is one of the best saving account that you can benefit from. However do not close your mind to also put your money in another investment vehicles.
My reason is simply because every person have different Risk Tolerence and buying power.
Imagine you bought a property (a single terrace house worth RM100,000 in 1992)
Let say you can rent it for RM600 a month x 12 months =RM7,200 a year. This is similar like a dividen from ASB. RM100,000 in ASB will approximately will give you RM8,000 a year. These are your Annual passive income.
with an assumption that you take your rental income and dividen income every month/year..After 18 years from 1992, how much do you think value of a single terrace house worth?
1) At least increase by 50%-100% to a value of RM150,000 or RM200,000
2) ASB will still remain at RM100,000 ( no appreciation in value )
>> If you put RM100,000 in Public Index Fund when it was launch in March 1992.. how much is your total returns? See the above charts.. it appreciate by 493% ( average of 27% annual appreciation )
>> Think about it ya?
