I think all Bumiputra in Malaysia will make sure their ASB is full first before considering other ASNB funds

Anyway, there really were many Bumiputra selling their ASW2020 in the last few weeks. So i kind of doubt ASW2020 is still sold out now for the Bumiputra portion.

I have this doubt too. was thinking wat does da reinvestment of our dividend means when our quota (the chinese) are fully taken up.

If you have a physical presence in India or maybe future interest, eg you are studying there or plan to study there, then maybe it can be considered, since you foresee your future cashflow needed there, but it most of your future expenses in in Malaysia then it makes less sense. At the normal amount that people invest in the AS1M, ASB ie normally less than RM1 million, evaluating investment overseas may be less worth it considering the expenses, foreign risk etc. (however, expenses are going down due to development of internet banking etc). For large amount of money, eg big companies with millions idle, then surely this is something that they need to consider.

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Added on September 26, 2010, 11:25 amCould it be they are selling for raya? or putting to AS1M and thinking that they can get more dividend?

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Added on September 26, 2010, 11:27 amTry their webpage, but seems down now...

www.ambmutual.com.my

This post has been edited by vergas: Sep 26 2010, 11:27 AM

Some of us are cashing out the dividend to use for our daily expenses.

The cost of living in malaysia have gone up very high nowdays...... with average graduate salary around 3k how to live in klang valley area..... not everyone have stable financial backing from parents (from the rich family generation ie. parents millionaire / billionaire, have family business etc.)

fresh gard still 3k?

last time i fresh grad already 4k

market down?

I see no reason for bumis to buy into ASNB if they haven't maxed out on ASB. For bumis who have maxed out on ASB and who has also bought into ASNB, I still see no reason for them to sell their ASNB unless there is something more attractive in the market. ASNB's dividends seems quite good so why would bumis sell it off?

This post has been edited by wongpeter: Sep 26 2010, 07:45 PM

fresh grad 4k salary??? which company/organization??? very interesting...... maybe can apply new job there.....

You shouldn't make generalizations like that. Many years ago I knew someone, not a fresh grad, earning the ridiculous salary of RM5k. I am sure you will ask what's the big deal.... until you learn it's RM5k/day! yeah there are ppl earning such super salaries for all we know, maybe even higher!

what do u meant by ASNB?

PNB is the holding company that own 100% of ASNB, ASNB offers and manage various fund including fixed price funds like ASB, ASW, AS1M, and also variable price products like ASN, ASN2, ASN3 and etc...

Because some of us earn money through ASNB funds and actually use it and not simply for wealth accumulation as with the case of non-Bumiputra. The fact is that Bumiputra have more options. ASW2020 is not the only better fund ASNB has to offer. Bumiputra still have the ASD and now AS1M. Many Bumiputra sell theirs because they need to use the money. Be it for daily expenses or for emergency use. Anyway, most of the Bumiputra i know sell theirs because they need to buy a new set of sofa or a new seriously overpriced carpet hand made from the middle east for the upcoming festive celebration (examples only)

AS1M dividen being lower than those for BUMIs, i really see no rationale why PNB didnt open up all those quota, BUMIs wont pour their money in because they just got too many options. Why oh why, why dont give other Malaysians a chance to buy. BUMIs wont loose a thing if AS1M is fully sold out, they got better funds/options.

not really, ASD dividend is less than AS1M for this year

Well true that, in fact ASW2020 is also lower by 3 cents, but there are better options right. At least they got options, we got nothing =/

oops I got it confused, thought it was that fund giving out 6.8% dividends. my bad.

How is the ASD divdend for year ended 30.6.2010 ?

Welcome to Malaysia! Now you know the real situation.

This post has been edited by gark: Sep 28 2010, 09:23 AM

6.35%

Thanks a lot!

ASM 31.3.2010 6.30%
ASD 30.6.2010 6.35%
ASW 31.8.2010 6.35%
AS1M 30.9.2010 6.38%
ASB 31.12.2010 ?.??% + bonus %

Miles, good explanations there.

Hmm, looks like it's a good way to place cash inside PNB Funds as Emergency Funds. Good liquidity, and good dividend for the Fixed Price Funds. Can withdraw for, say, medical emergencies.

Then, for Daily Expenses - another creative way. Meaning : a Fixed Price Fund unitholder will only need to travel to any bank to selloff some units at every month-end, and use the money for the rest of the month. Then comes another month-end, do the same thing again.

The calculation must be good - the total units sold away, being equal to the total amount withdrawn for monthly expenses; -> when totalled up for the whole year must be equal to the total amount of divdend earned in the previous year to keep the principal constant, and therefore, be able to generate the same "expenses amount" again for the following year.

One must be careful not to withdraw more than what one earns as dividend at the preceding year.

In this way, so long as the dividend yield remains constant year in and year out, there will be income earned consistently for spending.

Have I missed anything ?