AS1M, ASM, ASW, ASB V2, PNB fund
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 Sep 29 2010, 02:02 PM
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#101
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9,301 posts Joined: Mar 2008  
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QUOTE(lurkermcnugget @ Sep 29 2010, 01:53 PM) Is my principal in my asnb account remain the same even after 10 years without any activities? or the value diminishing like some account? Principal would remain the same but you will definitely see more in your account as they credit the dividend + bonus into your account every year.Thank you |
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Sep 30 2010, 04:54 PM
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#102
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9,301 posts Joined: Mar 2008
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QUOTE(amalthea @ Sep 30 2010, 11:31 AM) hi guys, can i open a new AS1M tomorrow, 1st October, if i am a malay? (just checking, of course not for myself) For all Bumiputra, the answer is YES  |
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Sep 30 2010, 05:33 PM
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#103
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9,301 posts Joined: Mar 2008
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QUOTE(amalthea @ Sep 30 2010, 05:28 PM) if chinese? The Chinese quota has long been fully subscribed. Chinese only stand a chance only if someone sold his/her tomorrow.i think for indian there are still so many left right? |
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Sep 30 2010, 06:14 PM
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#104
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9,301 posts Joined: Mar 2008
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QUOTE(amalthea @ Sep 30 2010, 05:38 PM) indian how? Money ruins friendship. Do not even think of doing that. Just my RM0.02.i have close friends in 1malaysia. i can buy under them and transfer later right? |
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Oct 1 2010, 09:40 AM
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#105
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9,301 posts Joined: Mar 2008
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QUOTE(smartinvestor01 @ Oct 1 2010, 08:15 AM) Yes, that went through my mind.. Besides, it's hard for the Chinese to buy such funds. Therefore, most of them will not sell itMost of the chinese might not touch their investments here.. Since it consistently generates income for them every year, no reason for them to sell it.. Unless, some of them are in debts to settle some issues. |
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Oct 1 2010, 09:04 PM
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#106
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9,301 posts Joined: Mar 2008
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QUOTE(wongpeter @ Oct 1 2010, 08:23 PM) Does that mean for the Malay quota of AS1M we just go to any local bank and say we want to buy in? Thanks. Not any local banks. You can only carry out ASNB related transactions at their own office, any post office nationwide or any of the 3 agent banks namely Maybank, CIMB Bank and RHB Bank.And yes. Just go to the counter and tell them you want to buy AS1M. |
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Oct 2 2010, 12:38 AM
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#107
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9,301 posts Joined: Mar 2008
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QUOTE(ngfamily @ Oct 2 2010, 12:29 AM) Manage to top up 2day after it is updated. =) The dividend is calculated until the month of august rite?? Not August. Should be September. |
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Oct 2 2010, 04:04 PM
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#108
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9,301 posts Joined: Mar 2008
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QUOTE(Hansel @ Oct 2 2010, 02:20 PM) For those who are vested, it's not that we can be totally happy and ecstatic too. Who knows what will happen to the fund in future ? Perhaps first year, give a lot, then what about second year onwards ? I second that ! If history is any indication, the first year dividend is always through the roof. After that it usually is just ... ah ... ok lor. Better than 12-month FD and that's it. |
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Oct 17 2010, 07:32 PM
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#109
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9,301 posts Joined: Mar 2008
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QUOTE(natzakaria @ Oct 17 2010, 07:28 PM) How good is this AS1M ? Quite good, like 6%+ good but there is absolutely no guarantee the dividend will be the same or higher next year. QUOTE(natzakaria @ Oct 17 2010, 07:28 PM) maxed on ASB what is next best? ASW2020 and ASD. ASD is strictly for Bumi only too. QUOTE(natzakaria @ Oct 17 2010, 07:28 PM) Can open account jointly with foreigner? Definitely not. It is strictly for Malaysian citizen only. |
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Oct 17 2010, 10:08 PM
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#110
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9,301 posts Joined: Mar 2008
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QUOTE(natzakaria @ Oct 17 2010, 09:48 PM) Thanks Chase. Wut are my other options? Would it be possible for ASD & ASW2020 to be a joint account for son(bumi) & wife(foreigner)? No. That is not possible too. Is your son 18 now ? If he is a Bumi, he can open the ASB too. However, there is a capped of RM10,000 until he reaches 18. When he is 18, he can deposit up till RM200,000 into his ASB account. As for ASD and ASW2020, i am not too sure if there is a capped for minor account but a joint account is definitely not possible. By the way, if your son is still under 18, you will act as the guardian guarding his account(s). QUOTE(natzakaria @ Oct 17 2010, 09:48 PM) ASW and ASD how may %? Usually around 6% - 8%. But it's been a few years when they declared 8% for ASW2020. Anyway, i think you probably still can expect at least 6% for these two funds. I do not invest in unit trust, so i can't comment on that.Other than ASD or ASW2020 should I be looking at Unit Trusts? or others? |
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Oct 17 2010, 10:42 PM
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#111
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9,301 posts Joined: Mar 2008
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QUOTE(natzakaria @ Oct 17 2010, 10:16 PM) So i guess next best bet is the ASD or ASW? Yes. ASD and ASW2020 would be your next best bet. I invest in ASB and ASW2020 at the moment.And wut do u invest in may I ask |
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Oct 18 2010, 01:33 PM
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#112
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9,301 posts Joined: Mar 2008
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QUOTE(amalthea @ Oct 18 2010, 12:36 PM) good question hopefully mr chase can answer for you Sorry but i am not familiar on this. So i can't give you an answer. Anyhow, i believe the banks only accept ASB as collateral and i have not heard of any banks accepting any other ASNB fixed price funds as collateral. |
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Oct 20 2010, 01:02 PM
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#113
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9,301 posts Joined: Mar 2008
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QUOTE(alexchew_2020 @ Oct 20 2010, 12:49 PM) does both ASW and AS1M still available on bank? ASW 2020 > No for non-bumi AS1M > No for Chinese |
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Oct 20 2010, 05:20 PM
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#114
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9,301 posts Joined: Mar 2008
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QUOTE(ah_suknat @ Oct 20 2010, 05:15 PM) yeah, but I refer to milesandmore's reply "ASW 2020 > No for non-bumi, AS1M > No for Chinese" Because the quota for ASW2020 for Chinese, Indian and non-bumi minorities are fully subscribed, hence the "non-bumi". As for AS1M, only the Chinese quota is fully subscribed, hence the "Chinese". |
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Oct 20 2010, 06:25 PM
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#115
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9,301 posts Joined: Mar 2008
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QUOTE(ah_suknat @ Oct 20 2010, 05:23 PM) so you mean the quota is actually seperated between, bumi, and chinese, Indian, other non bumi minorities, instead of grouping them all as non bumi? Not sure about ASW2020, all i know is that it is divided to 49% non-bumi and the rest for bumi. As for AS1M, indeed it is divided between bumi, Chinese, Indian and non-bumi minorities. |
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Oct 21 2010, 12:42 AM
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#116
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9,301 posts Joined: Mar 2008
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QUOTE(cheahcw2003 @ Oct 20 2010, 10:37 PM) Received black and white from PNB, ASW2020 for BUMI also fully subcribed!! Indeed it is. Saw the update on CIMB Bank website too. Even ASD is fully subscribed !!! Hope they will increase the funds real soon. After all, don't they need more money for the 100-storey new building now  |
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Oct 21 2010, 01:40 AM
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#117
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9,301 posts Joined: Mar 2008
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QUOTE(cheahcw2003 @ Oct 21 2010, 01:21 AM) PNB has just clarified in the newspaper that they are not using the funds from ASNB to build 100 storey highrise, they use other source to fund it. I think some investors panic abt the government decision. After all, PNB has no experience in construction/real estate field. Oh ... i see. Didn't not read or watch the news yesterday |
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Oct 21 2010, 03:57 PM
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#118
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9,301 posts Joined: Mar 2008
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QUOTE(twins @ Oct 21 2010, 03:16 PM) hi guys, if my ASB balance is zero...what is the status of my ASB account..? is it still active/valid, or automatically consider account close..? so next time i've to open another ASB account if i wanna invest in ASB.. Not sure. You can find out your ASB account status at any agent banks, post office of PNB office.QUOTE(twins @ Oct 21 2010, 03:16 PM) anyone know what is the max amount we can withdraw from ASB account per day..? Please refer to the post below :QUOTE(MilesAndMore @ Feb 7 2010, 05:23 PM) RHB Bank = no limit (**as long as the particular branch have enough cash then they will give you RM1 Million of cash if you want but no idiot will carry that much cash around since like 2 - 3 decades ago) CIMB Bank = RM50,000/day/account Maybank = RM20,000/day/account Pos Office = RM10,000/day/account  |
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Oct 21 2010, 07:23 PM
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#119
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9,301 posts Joined: Mar 2008
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QUOTE(mikecrush @ Oct 21 2010, 04:53 PM) ASW2020 RM2,000,000 ? The approved fund size for ASW2020 to date is RM14,000,000,000, not RM2,000,000.51% for bumis = RM1,020,000.00 29.97% for chinese 14.99% for indians 4.04% for lain lain 49% = RM980,000.00 Total 100% = RM2,000,000.00 |
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Oct 22 2010, 12:47 AM
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#120
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9,301 posts Joined: Mar 2008
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QUOTE(cheahcw2003 @ Oct 22 2010, 12:15 AM) “We have more than enough money to finance the entire RM5bil project on our own if need be,” he told a special briefing for media editors here yesterday. The final cost won't be just RM5 Billion. Just look at the new Istana Negara in Jalan Duta |
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