Jys ~ Blah Blah Blah » interest

Ooops, I’m interested in TOO MANY things!!

jys — Mon, 18 May 2009 01:00:13 +0000

Few days ago, I was bored at home. I on my msn and picked a not so close friend to chat with. Since we got nothing much to say, I just came up something to ask her, so that we can have something to chat about. I asked her, what do you like to do when you’re free? What do you interested in doing?

She then said she likes to paint, so whenever she’s free she’ll paint. After that she asked me back the same question. I think for a while then I realized, there are too many things I’m interested in, I don’t know which one should I tell.

See, during my free time, I like to sleep, eat, watch movies, sing, shop, read books, buy books, stare at the ceiling and do nothing (wuahahahaha, i know i’m crazy, but sometimes I does that. :p), online, blog, take pictures and many many many more.

And yet, I still feel bored sometimes… :p

Have you heard about the Sukuk Simpanan Rakyat (SSR)? Is it worth to invest?

jys — Mon, 13 Apr 2009 02:34:42 +0000

Have you heard about the Sukuk Simpanan Rakyat (SSR) commencing from 14 April to 13 May 2009? I’m sure you must have heard about this SSR from the radio or read it from the newspaper. If you have no idea what is it, it is issued by Ministry of Finance as an additional investment instrument for Malaysian (21 years and above). So why every one is so excited about this? Well, mainly because it is offering a return of 5% per annum where else the current fixed deposit rate is only 2% per annum and it provides the flexibility for early redemption before the maturity date.

The minimum investment in Sukuk Simpanan Rakyat is RM 1000, which is same as fixed deposit. If you compare the rate return, people will definitely go for the SSR which is 5% per annum. One thing I’m not so sure is that, since it’s an investment, does that means we guaranteed can get 5% per year? Or we might get less than that?

Anybody knows how this thing work? Is it worth to invest?

Sure boh?? If placed FD get RM 80 interest, but this you can RM 1K interest!

jys — Thu, 12 Mar 2009 08:32:20 +0000

I met my insurance agent for lunch just now. She will come find me for lunch from time to time since I bought the insurance from her 6 – 7 years ago. The reason I’m willing to go out lunch with her is that she seldom raised insurance stuff to me unless i asked her. Else we will just have our lunch and chat about other stuff.

During lunch just now, we started to chat as normal, then we talked talked talked and somebody mentioned about FD’s rate (which is currently super low!!). Then she told me about this newly launched Great Eastern saving plan, Centennial Wonder. They will only sell this plan for 2 months (why???). I’m not interested in getting another insurance but after hearing what she said, I found myself quite interested.

The first thing she told me was, “you put 4K and after 1 year u get RM 1K interest”. Wow!! that’s right, that’s how I feel too at that moment. RM 1K is a lot, if you put RM 4K FD for a year, I bet the interest will be around RM 100 only.. But of cos, I believe it’s not that simple, just put RM 4K and can get RM 1K, so i asked her more questions. Monthly how much, Yearly how much? How long I have to pay? When can I get money? and etc etc etc.

Since we only have 10 minutes left (my one hour lunch almost finished), she briefly explained to me. She said the plan is for 25 years (or 35 years), for my age, I will need to pay RM 4k per year (or about RM400 per month) for 8 years. Every year, I will get RM 1K interest which I can choose to withdraw it, or I can add it on to my principal.

So what happened after 8 years? Well, I will not need to pay anymore but every year I can still entitled for the RM 1K bonus (or more.. this part i not so sure yet) till 25 years. After 25 years, I can withdraw my principal plus all the interest plus cash bonus. So if touch wood within the 8 years something happened to me (critical illness, death or anything), the beneficiary will get the interest for the remaining years and can withdraw after 25 years.

Sounds good right? I still have lot’s of questions to ask, such as withdrawal process lar, what if I need the money and I need to withdraw lar and things like that..But due to the time constraint, I didn’t get to ask her these…

Any of you heard about this plan? Any “hidden” things that can share with me?