{"id":11699,"date":"2014-09-17T14:48:57","date_gmt":"2014-09-17T06:48:57","guid":{"rendered":"http:\/\/www.imoney.my\/articles\/?p=11699"},"modified":"2023-06-20T11:01:36","modified_gmt":"2023-06-20T03:01:36","slug":"6-things-you-can-invest-in-instead-of-an-iphone-6","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/6-things-you-can-invest-in-instead-of-an-iphone-6","title":{"rendered":"6 Things You Can Invest In Instead Of An iPhone 6"},"content":{"rendered":"
With the latest launch of the highly anticipated iPhone 6 and iPhone 6 Plus, the Internet has been flooded with advice on how you can break your child\u2019s piggy bank or sell a kidney, in order to buy one!<\/p>\n As the release date for Malaysia has not been announced by Apple yet, the nearest country that has iPhone available is Singapore. With the cheapest iPhone 6 and 6 Plus are priced at SG$988 (about RM2,500) for iPhone 6, and SG$1,148 (about RM2,900) for the Plus, will you consider buying one?<\/p>\n Even without the 7% goods and services tax (GST) in Singapore, the prices are:<\/p>\n iPhone 6<\/strong><\/p>\n iPhone 6 Plus<\/strong><\/p>\n Most die-hard iPhone fans would probably sacrifice a month\u2019s salary (and probably their kidneys) just to get their hands on the coveted smartphone. It is not just a phone \u2013 but a statement for most. However, before you blow your hard-earned money on a 128GB iPhone 6 Plus, here are six other options you can put that money into good use and expect greater return!<\/p>\n If you have an outstanding credit card debt of about RM3,000, you really should clear it as soon as possible. Here\u2019s how much you can stand to save if you pay off your debt instead of buying an iPhone 6 Plus, and paying in instalments over six months!<\/p>\n If you use the RM3,300 to pay off your credit card debt instead of buying an iPhone 6 Plus, you would save RM127! Money saved is money earned!<\/p>\n You don\u2019t have to spend all RM3,000 on a smartphone. You can put it in a Fixed Deposit account for a year instead of spending on a phone that depreciates in value every month.<\/p>\n * Based on Bank Rakyat\u2019s Fixed Deposit<\/a> rate.<\/em><\/p>\n If you put the RM3,000 in a Fixed Deposit account at a good rate, instead of buying an iPhone 6, you could earn RM117 after a year!<\/p>\n As unit trust investment is usually recommended for long-term investment, you can consider putting the money in a fund for an extended period. Here is how much you can potentially gain by putting RM3,000 in a fund for five years.<\/p>\n Example: Kenanga Growth Fund<\/p>\n *The performance figures in the table above are calculated using bid-to-bid prices provided by Fundsupermart.com.my, Who doesn\u2019t want a cool RM2,338.38 (that\u2019s almost double of your initial capital) by just leaving your money in an investment? That is what you could potentially gain from putting your RM3,000 in unit trust after five years. Even if you left it in there for just six months you\u2019d make a significant gain on your investment.<\/p>\n Before you scoff at the idea of buying real estate with just RM3,000\u2013 you can still invest in properties through Real Estate Investment Trusts (REITs). Here\u2019s how much you can potentially gain if you do just that.<\/p>\n For example, if an investor invested RM3,000 on Sunway REITs in 2012, he or she would have gained this much:<\/p>\n That\u2019s almost half a thousand you can potentially gain if you put that money in REITs instead of buying an iPhone 6.<\/p>\n No, we don\u2019t mean buying yourself tons of jewellery with that money. However, you should use the money that you are not spending on an iPhone to invest in gold.<\/p>\n Gold investment accounts are the latest trends among investors as you can purchase it from banks without the hassle and risk of actually having the physical gold in hand.<\/p>\n This is a pretty simple investment, where to gain a return, you have to sell the gold at a higher price than you bought it from.<\/p>\n If you have bought your gold from Maybank Gold Investment Account back in June 2013 at RM142.81 per gram, and sell it a month later, here\u2019s how much you could have gained:<\/p>\n In just slightly more than a month, you would have made RM340 with gold investment!<\/p>\n Share trading is the riskiest investment in this list due to its volatility. However, the chances of gaining a return is still better than buying an iPhone 6, which is surely heading to depreciation before the phone even reaches your hand.<\/p>\n If invested wisely, shares can be a lucrative investment option. Here is an example of how much you can potentially gain, if bought and sold at the right time:<\/p>\n In just eight months, you would have made RM450 if you have invested RM3,000 in Tropicana stocks earlier this year.<\/p>\n <\/p>\n If you were not particularly fond of spending money and you chose to save it, the best way is to invest it. With the above short to medium term investments listed above, you can easily grow the RM3,000 and see handsome return very soon.<\/p>\n<\/a><\/p>\n
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<\/span>1) Clear your credit debt<\/b><\/span><\/h2>\n
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<\/span>2) Put that money in a Fixed Deposit account<\/b><\/span><\/h2>\n
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<\/span>3) Invest in unit trust funds<\/b><\/span><\/h2>\n
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\nwith any income or dividends reinvested. These are historical rates of return.\u00a0<\/i><\/p>\n<\/span>Total return = RM5,338.38 \u2013 RM3,000 = RM2,338.38<\/b><\/span><\/h3>\n
<\/span>4) Invest in real estate<\/b><\/span><\/h2>\n
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<\/span>5) Spend it on bling<\/b><\/span><\/h2>\n
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<\/span>6) Buy some stocks<\/b><\/span><\/h2>\n
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<\/span>Compare and find the best mobile plan in Malaysia<\/a>.\u00a0<\/strong><\/span><\/h3>\n
<\/span>Do you want to get started on investing?<\/b><\/span><\/h3>\r\n\t\t\t\t\t
Leave your details below and we'll get an expert from Standard FA to get in touch!<\/h5>\r\n\t\t\t\t\t\t