OR;

1) They are migrating. But still why sell-away when PNB can TT the divdeinds to them every year ???

2) They think the current government, being the National Coalition is going to lose the GE and when the next government comes in, PNB will be affected and audited badly.

3) They see Petronas releasing a bad Financial Report.

Just went to update my AS1M passbook , no chance for a topup, the counter staff just said ''no more units'', didnt even at least check.

is thr a maximum limit one can invest in AS1M?

This is the normal issue that i am facing on..

They thought that once the newspaper say sold out, means confirm no one will withdraw? Hm.. so not right with their working attitude..

---

Added on October 1, 2010, 2:48 pmThis morning i just deposit another one thousand plus into the AS1M account..

Still lucky to be able to top up, but wondering what is the status now?

Anyone tried to deposit or top up again?

This post has been edited by smartinvestor01: Oct 1 2010, 02:48 PM

must kamcheng with the bank staff very well... if not they won't bother to waste time check their system.

wow, you're very lucky......

i guess banks (as agents) dont really care about money going into these pnb funds.....i'm sure if i tell them i want to deposit money with the bank, they'll be more than glad to help

And they will push for their own "unit trusts" and "investment linked FD". bleh..

yeah, standard procedure........ i remember when AS1M was just launched, there were a lot of chatter that it was mostly bank staffs spreading rumours that it's no good lar, this lar that lar, return low lar.......

well, 6.38sen is good enough for me, double FD rates

---

Added on October 1, 2010, 3:28 pmnope, they removed the cap about one month after launch of AS1M

This post has been edited by silentsurfer: Oct 1 2010, 03:28 PM

Went to update my book & top up little bit money in as1m.... 30min waiting all is done... no problem. also got extra bit dividend... i don't know, maybe they calculate 13 months period because i put on 5th august 2009... some my friends also got extra bit.. they must get RM63.80 for 1k, but they got RM64.05 for 1k.... confuse bit.. anyway i'm happy....

TO all who misssed investing in as1m, too bad for you.... who ask u to listen to rumours that as1m gives 3 - 4% only.... see yourself as1m 6.38% not 4%....heheheheeh

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.

Manage to top up 2day after it is updated. =) The dividend is calculated until the month of august rite??

Not August. Should be September.

Haha... i agree with it..

Those make the wrong perception from the benchmark, so as in today, many of them are so regret for their perception..

But too bad, over is over..

---

Added on October 2, 2010, 9:36 amYesterday in the afternoon, i went to try again to top up but all those units are already sold off..



This post has been edited by smartinvestor01: Oct 2 2010, 09:36 AM

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 ?

It's hard to say for this PNB thing, the transparency level is truely low.

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.

Thank you, Miles. Yes, better than FD, but honestly, don't compare with FD, the risk level here is higher, I believed.

This post has been edited by Hansel: Oct 2 2010, 04:33 PM

Anyway it better than FD or Sukuk 1msia 2010/ Rakyat 2009 right???? Sure all want above 10% per year, stable & can be trusted ( wat to do, not all can get asb lor)....

Rest assure that the yearly dividend will be HIGHER than FD rates...

thanks for the info MilesAndMore.

---

Added on October 3, 2010, 12:00 amIf and when the FD rates drops to say 2.5% then the yearly dividend for as1m will prolly be 3%....

This post has been edited by wongpeter: Oct 3 2010, 12:00 AM