You can just hit everyone like this, as each of us has our own perpetive and opinions, so we can only discuss it....

what i can see that Dreamer 101 has his points also.... and Dreamer 101 has seen many things that we probably never seen it... just like he mentioned that Philipine use to be a country that has a solid economy in old days.... and has slowly lost it fate.....

I am giving you the FACTS, you said I am 'hitting' you?

Discussing means giving facts, where are yours?

soul2soul,

It is VERY SIMPLE. For everyone, I make a SIMPLE request. Google and find out what exactly happened to UEM during 97/98. After you done that, if you STILL trust the government, it is YOUR choice.

1) But, what I cannot stand is PEOPLE choose to be IGNORANT. They are so CARELESS with their own money that they cannot spare a few minutes of their time to find out.

2) I am STILL okay with people be CARELESS with their own money. But, will you SLEEP with a CLEAR CONSCIENCE without checking things out FIRST before recommending this AS1M to someone else?

As for (2), if you MADE a BAD recommendation to your friend and family, you have to live with this for the rest of your life.

It is OBVIOUS from your response that you have NOT done your homework as to what exactly happened to UEM during 97/98.

Why?? What are you afraid of?

Dreamer

This post has been edited by dreamer101: Aug 7 2009, 11:15 AM

Another reason is PNB give lower dividend when economy is good, thus they still able to give fairly good dividend.

The direct impact of AS1M is the banking sector (agent banks).
The deposit base is growing while loans growth is slowing.
If banks cannot chanelled enough deposit money into loans, banks profit
will be affected, as these deposits are not interest free.

If AS1M money is used for the purpose of economic stimulus solely to kick start the economy or provide employment. What revenue is expected if PNB dumps billions into project like Iskandar in Johor or HSSB in Pahang? Can Malaysia grow if Pakatan control key economic states are deprived of stimulas money?

Secondly, PNB might rechanelled most of the money into unit trust companies, to strengthen the industry in view of further liberalisation to foreign players.

Just answer ONE question and I would like to really see your response on this.

where do YOU suggest we put our money that you think PNB is a bad idea? ANSWER

This post has been edited by soul2soul: Aug 7 2009, 11:34 AM

soul2soul,

Do you UNDERSTAND that those are BUMI lot?? Aka,the 30% allocated to BUMI as per NEP. Hence, PNB can ONLY channel those stock to ASB only or else they will be breaking the LAW since ONLY ASB is "BUMI ONLY".

This is WHY ASB pay out better dividend than ANYTHING else. Aka, ASB is a good deal for BUMI.

This is also WHY ASx is not as good a deal for non-bumi. PNB cannot use the same trick to make money for any non "BUMI ONLY" unit trust.

Think!!!

Dreamer

---

Added on August 7, 2009, 11:39 amsoul2soul,

1) If you couldn't bother to find out about UEM, you can choose to lose your money in any places.

2) Why do you WORK so hard to earn YOUR MONEY but not willing to spend time and effort to LEARN how to protect YOUR MONEY??

3) Why should I bother to answer your question when you DO NOT CARE anyhow?? It is YOUR MONEY. I just do not want you to spread bad information to cause OTHERS to lose money.

Dreamer

This post has been edited by dreamer101: Aug 7 2009, 11:41 AM

I didn;t said you hitting me..., i think i can gather a lot of opinions from all of you for my references...

thanks...

1. Get over your losses in UEM will ya? it's been 10 years, it's about time to move on dude.

2. You assume too much. How do you know about me not willing to spend time and effort? funny man.

3. That's right. And I don't expect you to give me a single cent from your investment too.

---

Added on August 7, 2009, 12:53 pmYou think only. Which Law ? where? Break what LAW? Show us.

So you are suggesting that PNB has to follow the LAW when they distribute their NEP portion to ASB, but they will break the LAW when they run ASx as a ponzi scheme?

So PNB follows the Law when it comes to ASB, but it also breaks the law when dealing with ASx. I am a bit confused here. can you make up your mind? are they following, or not following the law?

This post has been edited by soul2soul: Aug 7 2009, 12:59 PM

Just save the money if want and look what happen first, now it is pointless to done assumption about what will happen in the future, we can't predict it, right?

soul2soul, I suggest you leave dreamer alone. On this subject he's literally a crazy irrational conspiracy theorist.

He will keep asking you to prove your claims while refusing to do the same himself.

He will keep referring to an an incident that happened over 10 years ago without even considering the possibilities that the political & economic realities have changed in the meantime.

From what I can see, dreamer is fine so long as you avoid any discussion regarding the govt/ NEP/ etc with him, because at that juncture he'll go from an experienced investor to crazed ideologue.

(BTW, this is what happened the last time I tried to have a rational discussion with dreamer. I suggest reading the last 4-5 posts on the previous page as well.)

This post has been edited by snowcrash: Aug 7 2009, 01:40 PM

point noted. I also make my point already, there isn't much left to discuss and I am not keen to know his life story anyway.

This post has been edited by soul2soul: Aug 7 2009, 01:55 PM

dreamer did provide a good explanation on 30% bumi share. by breaking law, i presume he meant fund with any non-Bumi share couldnt take advantage on that because of the 30% rule in NEP, hence dividend from new AS1M wont be as good as you think it will be

I DON'T CARE WHAT PEOPLE SAY ABOUT PNB UNIT TRUST.... IT IS AMONG BEST MANAGED FUND IF NOT THE BEST IN MALAYSIA...
WHO WILL GIVE YOU AVERAGE 6 - 10% DIVIDEND RATE (NON BUMI LAR, ASB FOR BUMI ONLY!) EVEN IN THE BAD ECONOMY TIME. PNB CAN PAY AROUND 9 - 12 % EVERY YEAR BUT INSTEAD PAY 6 - 8 % AND KEEP THE REST AS RESERVED FOR BAD YEAR. IF I IN THIS POSITION, I WILL USED UP ALL THE MONEY IN THE GOOD YEAR FOR MY ENJOYMENT...HEHEHEH

ANOTHER STORY, SOME OF MY FAMILY MEMBERS HAVE LOST THEIR MONEY IN THE "BANK BACKED - UNIT TRUST FUND". THEY ARE VERY ANGRY. BUT HOW TO COMPLAINED, THEY HAVE SIGN THE AGREEMENT & STUCK WITH IT. LUCKILY I DIDN'T JOIN THE UNIT TRUST.

SO THE CONCLUSION IS TRY TO SEE FIRST THE UNIT TRUST FUND. YOU CAN SEE THEIR PROSPECTUS AT THE WEBSITE. READ THE FIND PRINT. DON'T LISTEN TO PEOPLE. THINK YOURSELF. YOUR MONEY YOUR DECISION.

IF YOU A RISK TAKER, JUST INVEST AROUND RM100 (MIN) - RM1000 (MAX) FIRST AND SEE THE PERFORMANCE OF THE AS1M FUND (NOT RECOMMENDED TO OLD PEOPLE / WARGA EMAS / PENSIONERS / HOUSEWIVES ETC.)


HAPPY INVESTING PEOPLE...
THANK YOU.

Who you state that it's not recommended to old ppl, housewives, etc?

Agree with you about "your money your decision". However, Don't be to greedy in investment. Everyone want to be rich but I don't think investing all in Unit Trust or ASx is the best way.

AS1M is not as good as other ASx but is better then any UT or FD.

i dont know about UT, but definitely better than FD...but bank insured max 60k while AS1M dont have capital guaranteed. do note, AS1M will have service charge after promotional period.

1% service charge after promotional period??? just a sales strategy, to create an excitment for kiasu non-bumi to grasp.

Got to know from my friend that working in the bank, the available unit still got a lot, if PNB unable to sell the remaining rm7Bil (Bumi + indians') by end of the promotional period, i dont think they will charge 1%, otherwise, they will have more difficulty to sell. i believe by then 1% sales charge will be waived.

Another point is if this AS1M is majority held by non-bumi, dont think it will perform as good as other PNB's 100% (like ASB) or 51% (like ASW) bumi-owned funds. That's why it is only benchmark against 5 years bond rate of 3.75%. It maybe too early to judge, but will see after 1 year.

Thus in my opinion, for those have extra cash in FD, still worth to withdraw and to invest in AS1M, as many believe the dividen will be better than FD, if u have stocks/other UT/EPF on hand now, it is worthless to sell these investments to invest in AS1M, as i think stocks/variable price UT will perform better in the long run.

This post has been edited by cheahcw2003: Aug 7 2009, 04:46 PM

I SAID NOT RECOMMENDED TO OLD PPL, HOUSEWIVES ETC. BECAUSE THESE GROUP NEED THE MONEY FOR THEIR DAILY EXPENSES. I DON'T WANT THESE PEOPLE TO SUFFER BECAUSE YOU WILL BE TAKING RISK. FOR OTHERS THATS WHY I RECOMMEND ONLY RM100 - 1000 FOR INITIAL INVESTMENT. I'M A MAJOR DEGREE IN FINANCE AND BANKING, SO I KNOW THE RISK IN OPEN ENDED UNIT TRUST & CLOSE ENDED UNIT TRUST. THE HISTORY OF THESE TYPE OF FUND IN THE OVERSEAS MARKET ETC. I HAVE KNOWLEDGE THESE IN 1. MONEY & CAPITAL MARKET 2. INVESTMENT ANALYSIS 3. MANAGING BANKING & FINANCIAL INSTITUTION (MBFI) WHICH I STUDIED IN UNIVERSITY.
(DON'T WANNA TO TALK MORE BCOZ U ALL WILL THINK I BERLAGAK NAK MAMPUS)

HAPPY INVESTING
THANK YOU




DISCLAIMER: I'M NOT A AGENT WHO PROMOTE THE PNB UNIT TRUST, WORKING IN BANK NEGARA MALAYSIA, SECURITIES COMMISSION (SC) OR OTHERS FINANCIAL INSTITUTION IN MALAYSIA.

"YOUR MONEY YOUR DECISION"

1. we'll need to wait till the next year to know the exact return.

2. Yup, they're playing on words here, not capital GUARANTEED , but a fixed priced fund. It takes substantial knowledge to understand, especially for those uncle and aunt, some even didn't notice/aware regard this fact and think that it's same as ASM. And the respond towards AS1M not as hot as others unit trust may because of this.

I found that the information provided by ASM site not detail enough, and for your information I can't get the detail prospectus/brochure from others agent like maybank, RHB, CIMB...

chk out this link, it explain pretty well there.
http://malaysiafinance.blogspot.com/2009/0...ysia-facts.html

http://imdavidlee.com/amanah-saham-1malaysia-vs-asmasw2020/

3. Good Question. If you really curious, you need to do read though and found out what's 1malaysia plan is, what's the Ninth Malaysia Plan, budget 2009, etc. You will able to found where the money being invested and How much allocated in development of country, how much allocated in doing investment, etc.

you may read this as well:
http://malaysiafinance.blogspot.com/2009/0...tegy-ahead.html

Certainly, gov encourage citizens to INVEST, they don;t want ppl to put sooo much money in FD. This make us feel kind of pushing. Nevertheless, This is one way of raising fund for the gov. Each investment carry a risk, AS1M is another option of investment. Just do some research before you put your money in.

It looks like Unit trust become more and more popular. Others private bank as well, launch a lot of new product line, like unit trust, mutual fund, insurance, financial planning,etc.

Judging to the political and economy environment now, where is the best place to put your money in?