Waiting to be given handouts...... Not my cup of tea even if it have 30% returns......

This post has been edited by gark: Apr 9 2010, 09:28 PM

everyone has different risk appetite....

Not even 30%! my oh my. call it handout, dividend, profit or in any other name money still smells as sweet.

Who cares it's your cup of tea or not. I will still take the gain. Important thing is at the end of the day you
walk out a winner. and come back to fight another day. Remember Warren Buffett's rule... "Never lose money!"


"Rose by anyother name still smells the same."

It's a matter of principal that I will not invest in 'such' funds...

This post has been edited by gark: Apr 11 2010, 10:22 PM

good to have principal, but i never make enemy with money. i see it as opportunity to park my money for few months while preparing myself to more risky investment, stocks/forex.

yes i agree with you, ASW/ASM/AS1M, i always use it as a saving account where i can temporary book my fund while looking for other opportunity, the pay > 6% in average so it is good to temporary park your fund there. SO the benchmark is 6%, whatever investment lower than 6%, might well park it there.

Agreed !

the AS1M still got quota left for Chinese or not? THx

why every couple of days have different person asking the same question???? the answer is still got 5% chinese allocation.

Cannot blame them. As the Chinese quota is running out fast. The urgency is obviously there.
When there were some 80% of the chinese quotas available, everyone poured cold water over the
issue. Now that the Quota is drying up everyone seems to be rushing for it. Bet it will be over very soon.

Another thing, everyone seems to be very confident that when the quota for Chinese has been sold
PNB will open up the Bumis for all to buy. I don't know where they got this idea from. Tried searching
high and low cannot find the source. Bet they won't open up for all like Wawasan2020 or ASM.
I hope I am wrong. Just loved of they adopt the Free-for-all funds.

Najib has set a RM10 Bil target for PNB. For Bumi quota, it is allocated 50% of 10Bil which is rm5bil. The better fund ASW/ASD bumi quota still far from fully sold. Bumi will not try AS1M, since they have many options. Many Bumi not even maximised their ASB.

What will u think PNB will do to meet our PM's target?????

Sooner or later the allocation will be open for all.
The bumiputera quota will never be finished up.

No need to search high and low, just use common sense and think BIG PICTURE.
FYI, PNB only open up ASM for non Bumi, not for the case of ASW2020, for ASW, still have around 0.6 billion units bumi allocation remains unsubcribed. ASD still have 1.5bil.

This post has been edited by cheahcw2003: Apr 14 2010, 10:08 AM

In this country, common sense is something that is not so commonly found. I cross my finger and wait for the day when THEY, yes, they, abolish the race quota / allocations be it PNB / Bursa or in any field.

I tried to convince my parents to put their FD into AS1M but they are not convinced. What is the expected dividend? I heard everywhere it is between 4-6%

By the way, AS1M cannot use joined names. My parents are aged, so they worried if anything happen, the money will stucked there for some time.

Any ideas or advice? Thanks

My guess for AS1M's dividend in 30 Sep 2010 would be >4%

if the deposit amount is big, u can ask your parents to make a will, it will cost your parents a few hundreds only. It they are a public mutual gold members, will written is free.

No need a few hundred lah. If your parents' property/ies are not so complex/complicate, just draw up one simple will, get two witness, get an administrator or two and you can even draft one out yourself. But if they have lots of properties/ more complicated than you think you can handle, then get a goot lawyer or will writer professionals to come up with one good solid will so as to save lots of pain in future. They can always change their will if they want to change their plan in the near furure.

thanks for the info....

I heard my friend says when he studied law in UK, some people in the past got write their will on the surface of a chicken egg and it was accepted by the court.... LOL