Maybe... yes, Maybe... No

Just for discussion sake, (I am NOT suggesting that the above is true); let's assume that the above scenario is true.
Then, the situation is akin to what happened in the Madoff case.
So, should investors run for cover?
However, there's one big difference here.
PNB , via a indirect route; is able to monetise any deficit in the funds it manages.

My view is that, for the interim period, investors are relatively safe unless we see an eminent collapse of the M'sian govt.
And in the unlikely event of that happening, all and sundry who holds MYR and MYR denominated assets will be adversely affected.
Also. prolonged monetization of debts will lead to inflation which devalues the MYR., which will affect most of us here ( of course, we all know of at least one Lowyat-ian who is an exception), whether we hold units in any PNB funds or not.

Not sure if my memory of economics lessons is correct or not.
Please advise if my thinking is flawed.

This post has been edited by ??!!: Sep 30 2009, 04:29 PM

Just to be safe, you can withdraw all your investment from ASNB right before the next general election. You know, just in case BN can be successfully oust from Putrajaya

I wondered how much is the dividend and bonus for ASB this year going to be ? Most shares especially the local banks have rebounded ...

Folks,

It is VERY SIMPLE. For any kind of investment, you need to ask and answer 4 questions. And, if you do not know the answer, you SHOULD NOT INVEST. So, ask yourself the following 4 questions about ASx and if you can answer, keep it.

A) How and when can you MAKE MONEY??

B) How and when can you LOSE MONEY?

C) When should you BUY??

D) When should you SELL?

I consider my investment in PBBank to be safer and better than any ASx with the exception of ASB. So, if you cannot invest on ASB, you should avoid any other ASx.

Dreamer

I consider ASM and ASW2020 are safest investment in Malaysia...

Based on your theory, ASD/ASN/ASN2 also safe as it is solely for Bumi only. If ASB sinks these 3 funds will sink together

arsenal,

1) You TRUST the government.

2) Can you answer the 4 questions?

cheahcw2003,

No, ASB only. A person can invest up to 200K in ASB. Now, if a person do more than that, a person is putting too many eggs in one basket.

Dreamer

I already answer...Dont worry too much my fellow fren...So far i enjoying interest plus my rent monies.....tomolo tender resign letter also no problemo...

OOT already. Let move on to how to improve ASX interest...

Huh ? But the dividend + bonus earned from ASB are far from enough lah Arsenal Unless you get thousands of Ringgit every month by renting out your property alone

Agree...not enuf...I think for single person, should be more than enuf..

hi guys...

where can i withdrawal for ASM or ASW2020 for amount 30k..
where can i cash out ? at post office or maybank/rhb or pnb...
i try calling pnb, but the line busy...

thanks in advance...

you can withdraw from any PNB's agent such as Maybank/RHB/CIMB/Post office.

...TQ. i thought need to buy them a bucket of KFC.

Ejen enggan jual AS1M?

Oleh AINUL ASNIERA AHSAN
ainul.ahsan@utusan.com.my

KONFLIK kepentingan yang timbul akibat penjualan dana Amanah Saham 1Malaysia (AS1M), dana amanah terbaru Permodalan Nasional Berhad (PNB), kini dipercayai menyebabkan sesetengah ejen jualan yang merupakan bank-bank tempatan, agak 'keberatan' untuk menjualnya secara agresif. Penjualan produk dana amanah yang berharga tetap itu dilihat menjadi pesaing utama kepada produk-produk dana amanah yang kebanyakan harganya mengikut pasaran yang turut dijual oleh ejen-ejen jualan berkenaan.

Keadaan ini, dikatakan merupakan antara punca utama jualan AS1M agak perlahan. Utusan Malaysia difahamkan jumlah saiz tawaran dana amanah yang terbesar seumpamanya dan unjuran kemampuan pulangan yang mampu ditawarkan sedikit sebanyak menjejaskan permintaan terhadap produk yang ditawarkan mereka.

Pada 31 Julai lalu, AS1M menawarkan saiz dana sebanyak RM10 bilion dengan 50 peratus disediakan kepada pelabur Bumiputera, 30 peratus Cina, 15 peratus India dan bakinya untuk kaum lain. Sehingga 25 Ogos lalu, jumlah dana AS1M yang dilanggan berjumlah kira-kira dua bilion unit. Ini berbeza dengan sambutan hangat ibarat pisang goreng panas yang diterima oleh Amanah Saham Malaysia (ASM) dan Amanah Saham Wawasan 2020 (ASW2020) setiap kali dilakukan penambahan saiz dana.


Sources: http://www.utusan.com.my/utusan/info.asp?y...06.htm&arc=hive

As suspected, PNB is not a popular entity among the Private unit trust companies in Malaysia. Most of the banks are quite alarmed when the depositors start withdrawing their FD to put into AS1M.

For RM30K you better go to either Maybank, CIMB Bank or RHB Bank to make the withdrawal. Many Post Office branches do not have that kind of cash so most of the time they will restrict the maximum withdrawal of RM10K only from them whereas there is no limit how much you can withdraw from Maybank, CIMB Bank or RHB Bank because they can afford to.

AS1M Allocation Ratio To Ethnic Groups Extended To Dec 31

KUALA LUMPUR, Oct 1 (Bernama) -- Permodalan Nasional Bhd (PNB) has extended the Amanah Saham 1Malaysia (AS1M) subscription allocation to ethnic groups to Dec 31, 2009. PNB president and group chief executive Tan Sri Hamad Kama Piah Che Othman said the decision to extend the allocation ratio was to provide extra time for people from all the ethnic groups to invest in the fund.

The investors of AS1M came from various economic backgrounds including medium and low-income earners, he said in a statement on Thursday.
"I hope everyone would take this opportunity to participate in this AS1M fund by opening a new investment or making an additional investment," he added. AS1M, a fixed price fund with a size of RM10 billion units, was launched on July 31, 2009 by Prime Minister Datuk Seri Najib Tun Razak. It is open to all Malaysians with an allocation of 50 per cent for Bumiputeras, 30 per cent for Chinese, 15 per cent for Indians and five percent for other ethnic groups.

As of Sept 27, more than 2.5 billion units had been subscribed by 165,661 investors.

Hamad Kama Piah also said Amanah Saham Nasional Bhd (ASNB) would be conducting investment seminars, focusing on AS1M in selected locations nationwide beginning this month. Interested participants can contact ASNB at 03-2057 3000 or the nearest ASNB offices for further details.

-- BERNAMA

Sources: http://www.bernama.com/bernama/v5/newsindex.php?id=443601

If by 31Dec2009 all remaining unsold units will be sold to EPF indirectly invest on behalf of all malaysian.

This appears to be a non-issue ( at least , to me lah) as all ethnic groups' quotas are no where near full subscription.
Am I missing something ???

definately no, this fund has the best response from Chinese group, and the chinese quota is 3.0billion, now only sold around 2.0billion to this group, still have rm1.0bil to go before it open to everyone on 1st Jan 2010.

Is the 1% commission charge still waived?
I remember reading somewhere that there is a certain dateline.

---

Added on October 2, 2009, 3:13 pmQuote from their website:
Caj Jualan : Tiada.
Walaubagaimanapun, Pengurus mempunyai budibicara untuk mengenakan caj jualan sehingga 1% daripada nilai pelaburan selepas tempoh tersebut.

What does budibicara means?
discretionary?






This post has been edited by borneo: Oct 2 2009, 03:13 PM