guys can we still go create as1m book even now there none unit for sale ftb*?

ASB 31.12.2010 7%+1.25% = 8.25%

Please refrain from posting misleading information. Some people might think this is the real one.

no.. u need balance. minimum RM1 i think. find some1 to sell RM1 unit and then u quickly buy

Hi, does any Bumi do what I say as in the below posting ?

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The calculation must be good - the total units sold away, being equal to the total amount withdrawn for monthly expenses; -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 ?

If your sales your units away, your will lose the power of compounding unless it is in urgent conditions. One must be beware that your capital is also depreciating in value over time! However, PNB's fixed price funds are still considered as one of the best fund/trust fund in our country.

I think many people use this, because of its liquidity, the best place for emergency funds.

Really good idea. At say RM200k dividend say 7% gives you RM14,000 per year, say you took out RM1 per month, that's RM12k per year left with another RM2k not withdrawn for the year. Is RM1k sufficient? Well still something. Its like a pension for the future then.

This post has been edited by vergas: Sep 29 2010, 08:34 AM

Anyone here can sell me RM1 of as1m and what is the procedure?

Should be RM 100 if I m not mistaken.

Is my principal in my asnb account remain the same even after 10 years without any activities? or the value diminishing like some account?
Thank you

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.

And why is it my ASM balance is zero after 7 years i didnt update my book. I check at the counter my balance cause i lost the book. I dont remember how much i put in.

Vargas, thank you for your replies.

Yes, the PNB Fixed Price FUnds are certainly a good place for storing Emergency Funds.

Secondly, that was a good eg there that you have constructed, very clear and simple to understand. Yes, exactly like what I wanted to say earlier in my post.

Throughout the year, the 200K remains there to keep earning the dividend for the coming year expenses, and then the untouched 2K will help to earn more "expenses money" for the coming year to fight inflation.

Yes, correct, it will be like a pension fund that will never be exhausted forever if we do not take out the 200K, and of course, if PNB does not fail.

About the RM1K, it's certainly not enough, but imagine if your principal amount is RM400K instead of RM200K, then you can afford to spend RM2K, and so on and so forth. Meaning -> the bigger the principal amount, the more you can afford to withdraw from your "perpetual pension fund".

Am I right in the above assumptions ?

7 years? due to no transaction for 7 years, ur monies might have been transferred to the Unclaimed Monies Act..

the 7 years rules only apply on the bank deposit s account, ASNB is a mutual fund company, so not apply.
th ASM account cannot be zero, as the rule is u need to keep a certain small amount say RM10 (not sure abt this pls clarify) to keep the account alive.

Thank you for the kind reply, i shall mourn no more of the money gone

I bought my ASM during the first issue in Y2000. I only updated my book 9 years later, in Y2009 when I bought additional units.
The Principal + interest are still there.
No problem.

Thanks for correcting me.. I almost forgot it is a mutual fund..

Is over draft facility open back for Amanah Saham scheme?