If you are going for as* fund ... basically you don need to concern much on economic scenario much unless you are going into stock or properties which market timing is important.

darkknight81,

1) So, even if Malaysian economy collapses and most of GLCs gone bankrupt, you have NOTHING to worry about??

<<unless you are going into stock>>

2) 70% to 80% of ASx investment is in stock. You buy ASx that means you are buying stock. Why is it so hard for you to understand??

Dreamer

It is simple and i can understand that. Just that mostly ppl who buy AS* are those who not familiar with stock market and they want to let the fund manager manage for them.... It is so simple cun you see it??

Only 30% of my cash is in AS* as i prefer to manage my own money more....

Pls remember every investment tools has its own risk.... So judge your own...Don tell me that you investment portfolio are risk free...

This post has been edited by darkknight81: Aug 28 2009, 10:55 AM

darkknight81,

1) That STILL does not change the FACT that ASx invest in stock. Now, instead of investing in stock market directly, people invest in stock market indirectly via ASx. So, your STATEMENT about people not investing in stock when they buy ASx is NOT ACCURATE.

<<If you are going for as* fund ... basically you don need to concern much on economic scenario much unless you are going into stock or properties which market timing is important.>>
<<Pls remember every investment tools has its own risk.... So judge your own...Don tell me that you investment portfolio are risk free... tongue.gif>>

2) It is YOU that claim ASx is RISK FREE.

Dreamer

talk so many, rich also you got give me or not?

cookie-monster,

Learn how to write proper English first. I have NO IDEA what your post is about.

Dreamer

I can understand...hahahah...

He said you are talking a lot and since you are rich, are you willing to give him some?

ppl rich oso dont want give u la, better give to charity

ah_suknat,

Bingo.

I give money to school and charity.

Dreamer

P.S.: I have been giving out a lot of advice that worth $$$. It is just a question of whether people can understand and use it.

This post has been edited by dreamer101: Aug 29 2009, 07:36 AM

Anybody read this? http://www.thestar.com.my/news/story.asp?f...6376&sec=nation

AS1M subscription period extended. As of August 25, more than 2 billion units have been subscribed....

This post has been edited by kmarc: Aug 29 2009, 09:28 PM

Good.Plan to top up a few k...

the 2 billion amount is not the point, but the number of investors at 148,830 is kinda pathetic.

from thestar website, it stated that >2bil units of AS1M was subscribe to date. The max individual cap of 50K/100K will be removed from 4th sept, but the quota for each etnic will be remained till 30 sept, means if u r a chinese, after 4 sept, u can put in as much as u want until overall chinese quota reach rm3bil (or 30% of the fund size). Other races shd not have any problems to top up as the fund is too big.

http://www.thestar.com.my/news/story.asp?f...5417&sec=nation

<< KUALA LUMPUR: Amanah Saham shares worth RM100mil will be given to the hardcore poor in urban areas to help them make ends meet, said Datuk Seri Najib Tun Razak.>>

<<The first phase of the units would be sold on Oct 10 in the Federal Territory.>>

Hi,

1) Can anyone decode what does this means?? If something is given, why do you need to buy??

2) If this is AS1M, would that means the government is using the AS1M's shareholder's money to do charity?? Now, if this is NOT AS1M, which ASx is this??

Dreamer

None of the articles specify which ASx they're gonna donate, but given the poor takeup, most likely candidate is AS1M.

As to meaning, it's fairly obvious - like at the launch of AS1M, when they gave away certain amount to local students, except this time they're gonna give it to something called the hardcore urban poor.

Ennnh, (a) it seems like a poorly defined demographic, and (b) if it really is the hardcore poor, they're just gonna sell it off in a couple of hours anyway, as hardcore poor need immediate funds. Let's see where this goes with some further information.

meh, the money were probably syphone out and the "charity" is just an excuse.

10 million given out, 90 million go in pocket

This make a lot of investors worry especially those who has invested in AS1M.....sound like UMNO want to just "finish" the fund by giving out the rm10bil if it is not sellable by 30 sept. This proposed RM100 mil is given to the urban poor group (not the rural poor group). The things is how do u define urban poor group? Many ppl aware that BN has weaker support from Urban Bumiputera compared to the Rural Bumiputera, this action has more political implications and to gain the popularity.....

In the end of the day, we just want good dividen return..If they dont give good dividen, then we should withdraw it and buy shares...

It will be interesting to know if there is any clause somewhere in the prospectus of the AS* funds (actually ada ke any prospectus?? ...aku tak pernah nampak ) that allows the manager to do charity(or by any other words eg 'marketing expense')???

If there is none, consumers should demand manager to show receipt of payment for these units that BN govt is giving out FOC...I'm thinking perhaps thru' funds in budget for 'relieve of hardcore poor'...via dept. of Social Welfare

arsenal,

You have 60 days lock down now. They could always extend this LONGER.

??!!,

<<If there is none, consumers should demand manager to show receipt of payment for these units that BN govt is giving out FOC..>>

I do not understand what is YOUR POINT here??

Every unit that is given out dilute the ownership of existing ASx owner. Aka, the money is coming out of the pocket of the existing ASx owner. You do not want the unit to be given FOC by PNB. If the government want to give away ASx, the government should buy from PNB.

Dreamer