Fixed Deposit (FD) rates of banks in Malaysia (August 09)
In March, I wrote a post on the Fixed Deposit rates of the major banks in Malaysia HERE. Not much change since then. Here’s the update for the month of August 2009. Bank 1 month 3 months 6 months 9 months 12 months Affin Bank 2.00 2.10 2.20 2.30 2.50 Alliance Bank 2.00 2.00 2.00 [...]
Why I don’t like 5/95 housing plan?
I notice that there are several property developers providing this 5/95 housing plan nowadays, especially during recession period like this. I won’t mention which developer, but normally, you’ll be able see a lot of advertisements by such developers. Before I continue, let me explain briefly what does it mean by 5/95 plan. Normally when you [...]
Is Dollar Cost Averaging useful for stocks?
Referring to my friend’s post on “Dollar Cost Averaging is Stupid?“, one question that came across my mind – is dollar cost averaging or DCA also applicable for stock investing? We all know that most mutual funds/unit trusts are based on DCA concept since they encourage you to pump in money every month. So if [...]
Is it still worth it to put your money into Fixed Deposits?
In my recent post about Fixed Deposit (FD) rates in Malaysia, I couldn’t help but noticed that the rates are pretty similar from one bank to the other. All of them have very very low rates ranging from 2% to 2.5%. So for example, you put in RM 5000, which is the minimum required for [...]
Fixed Deposit (FD) rates of banks in Malaysia (March 09)
In January, I posted a post on the Fixed Deposit rates of the major banks in Malaysia HERE. Since then, our Bank Negara (Central Bank) has reduced the interest rates twice. Thus the changes are quite major. Bank 1 month 3 months 6 months 9 months 12 months Affin Bank 2.00 2.10 2.20 2.30 2.50 [...]