Yes. That's NOT a joke. That's REAL!!

BUT, yes, but. There are conditions that have to abide to before the court of Law take the bait.

1. Witness to that "Will". Theoritically, we need two witness. May be more the better. They both better be alive when the will went into effect. i.e. the writer of the will dies. Otherwise how is the court going to know whether that "will" written on the eggshell or onto the wall hidden behind the family photo is written by the so-call Testator? O.K. there was once a man who had suffered heart attack. Knowing that resuscitation might not leave him fully recovered.. of all you know he might ends up a vegetable. So he tatoo ed his "will" onto his chest... in the event that... he wished that he be not resuscitated! So the doctors doing nothing shall not be liable to negligent of leaving him for dead.

2. There on the will must be stated who the "executor" of the will be. May be more than two in case the only one executor named did not survived the testator or may be years alter he either cannot "remember" having been asked to be the executor for someone's will or aging caused him to loss his state of mind to function as the executor.

There are other issues but for now these 2 you have to tackle to have a valid will. But where you are going to keep the will or by the time you need it, it cannot be found, or if found its partially chewed up by the cockroaches.. that is something else.

I read a blog on AS1M recently which said that:-

(a) the price of a unit is only fixed at RM1 during the promo/initial period and thereafter the price would be according to market; &

(b) the charge for transaction of can be imposed after the promo/initial period.

Can anyone confirm this?

I can understand (b) being true as the website also states under Caj Jualan : "Walaubagaimanapun, Pengurus mempunyai budibicara untuk mengenakan caj jualan sehingga 1% daripada nilai pelaburan selepas tempoh tersebut."

Does this mean that when i invest RM1000, the bank will invest only RM9990 (with RM10- being the sales charge)? Or is the 1% at the point when i redeem? The website says caj jualan balik as "tiada"..

thanks.

The blog that u read are outdated. This was first imposed by PNB, but later they have weak response then they remove all this unfair t&c, AS1M is the same as ASM/ASW, fixed price, no sales charge. To verify this go to www.asnb.com.my PNB's official website. Personal blog's info cannot be fully trusted.

Who's still going to top up their AS1M fund?I already bought some and intend to top up some more.

PNB, CIMB Unveils Online Funds Top Up Service At MSAM 2010


KUCHING, April 20 (Bernama) -- Permodalan Nasional Bhd and CIMB Bank on Tuesday unveiled CIMB Clicks Amanah Saham Nasional Bhd (ASNB) Funds Top Up Facility at the 11th Minggu Saham Amanah Malaysia (MSAM) here.The online facility allows all registered ASNB investors, who have a CIMB Clicks account to make additional investments in five fixed-price unit trust funds managed by ASNB. The five funds are Amanah Saham Bumiputera (ASB), Amanah Saham Malaysia (ASM), Amanah Saham Didik (ASD), Amanah Saham Wawasan 2020 (ASW2020) and Amanah Saham 1Malaysia (AS 1Malaysia).

"As the ASNB funds are very well received by the public, including many of CIMB customers. The bank feels that it can provide more value-added services to its customers by offering hassle-free online investment top up facility," PNB President and Group Chief Executive Tan Sri Hamad Kama Piah Che Othman said at the launch here.Deputy Prime Minister Tan Sri Muhyiddin Yasin officiated the launch, after the official opening of the 11th Minggu Saham Amanah Malaysia.

To enjoy the online service, ASNB investors just need to register with CIMB Clicks and have active ASB, ASM, ASD, ASW2020 and AS1M membership numbers. Hamad said third party top up is also accepted under this service, thus allowing family members or guardians to invest for their loved one. Minimum investment through CIMB Clicks is RM1 and the maximum is subject to the investors' purchase limit and funds available in the customer's accounts. He said a service fee of RM1 will be charged for every transaction regardless of the amount.

However, unit holders may only update their passbook at all ASNB offices, CIMB Bank, RHB Bank, Maybank and Pos Malaysia branches nationwide the next working day after the validation is done. All transactions performed on Saturday, Sunday and Public holiday will be processed on the next working day.The online facility also available at Maybank2u, he added.

-- BERNAMA

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Added on April 22, 2010, 1:37 pmNow no need to queue at the counter, can do the transaction online.

This post has been edited by cheahcw2003: Apr 22 2010, 01:37 PM

I have used up all my F.D.'s mostly went into AS1M. I have none left.
If I have more spare cash, honestly, I will still dump them all into AS1M
unless and until I can find a better vehicle of investment on the horizon
that can "promise" me a far better return than this one. Mind you, you
can for the time being treat this one as your saving or FD account. But
once the fund has sold out, you have not the liberty to buy and sell. You can
only sell and until you find another seller, then only you can buy into it.

Please don't forget the power of compounding in AS1M!

AND the ONLY time I will / may cash out is when the stock market melts
down like recent past or better still like the 1997 financial crisis, and then only
it's better to move on into the stock markets' blue chips for better / faster
return.

Good move. My friend withdraw all his money from ASW/ASM when KLSE at 800 points, dump all buying banking stocks. Now he sold all his stocks when the index reach 1300 points and park his profit + fund in AS1M/ASM, waiting for the next round of correction.....

Interesting. Does that means we can soon check online ourselves whether there's additional free units of PNB's UTs to buy?

not really, for non bumi, u can only registered for AS1M, as ASM/ASW already fully sold out for non bumi quota. if u registre ASM/ASW, it will show "application rejected" status.

for bumi, u can register all the fixed price fund including ASB/ASW/ASD/AS1M. you will only know the "status" on the following day. So u cannot see the available unit "live" online.

How about the Pass Book AS1M? Do we need to go to the counter again to get it updated the next day?


Just top up another 4K.. hu hu.. not so much but at least got extra RM20 a month to spend assuming interest is 6.3%...

Hmm.. newbie here, wanna check to register an account and purchase AS1M, I will only require to bring IC and $ to Maybank, right?

I have few questions here, hope sifu here can help.

1) Is there any charges like sales charg, withdrawal charges or deduction by Maybank or asnb ?

2) Is there any bond period like I am not allow to withdraw within how many months?

3) Is there any advice for newbie like me

This post has been edited by lgs: Apr 28 2010, 10:49 AM

cimb will confirm to you whether the transaction is successful or not, u dont have to update it immediately.

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Added on April 28, 2010, 12:15 pm
Hmm.. newbie here, wanna check to register an account and purchase AS1M, I will only require to bring IC and $ to Maybank, right?
(YES)
I have few questions here, hope sifu here can help.
1) Is there any charges like sales charg, withdrawal charges or deduction by Maybank or asnb ?
(NO service charge,no withdrawal charge)
2) Is there any bond period like I am not allow to withdraw within how many months?
(You can withdraw anytime)
3) Is there any advice for newbie like me (actually all your questions are in PNB website which is www.asnb.com.my Read thoroughly and understand b4 you decide)

This post has been edited by cheahcw2003: Apr 28 2010, 12:15 PM

Can I just walk up to a Maybank counter and ask the staff if there are any spare units of ASW2020, and just buy them ?

Wanna check for ASW, does this meant the profit for 07 is 8% , 08 is 7% and 09 is 6.3% ?

http://www.asnb.com.my/english/asw.htm

Year End 31 August
2007 8.00
2008 7.00
2009 6.30

And what it meant for ASN?

http://www.asnb.com.my/english/asn2.htm

since there is a total return and Net Distribution per unit (sen) , which one will be the profit?

This post has been edited by lgs: Apr 29 2010, 12:38 PM

ASW and ASN are different products, ASW is fixed price and ASN is variable price, same like the equity fund in any private unit trust in the company, ASN performance is in accordance to the KLSE performance since as at todate, PNB has no exposure to foreign market yet to date.
ASW is a fixed price and the performance is ranging from 6-8% since it was launched. ASN for bumi only whereas ASW for 51% Bumi quota, and 49% for non bumi. The non bumi quota has been fully sold out.

Munchinks, if u r a non bumi you can try your luck any time if someone sold their ASW when u walked in to the bank, then u can buy. But chances is very slim. If u r a bumi, u can buy anytime, there are still 600 millions units available for bumi investors.

hmm.. thanks for the explanation.

1) Which meant ASW in 2009 is 6.3%, is there any reduction on this?

2) Is AS1M and ASW the same kind of product (fixed price) ?

1) what do u meant by reduction? ASW has no sales commission, and it is tax exempted.
2) AS1M is a fixed price product like ASW, but the return could be different as they have different investment portfolio.

Thanks for clearing my doubts, as planning to invest on AS1W which is Fixed Income Fund.

For the Growth or maybe Balance Income Fund for example ASN3,
1) Is the Net Distribution per unit (sen) some sort like dividend distributed,
2) Is it correct for me to say that the net profit will need to look at the buy price/sell price + Net Distribution - Sales Charge?

http://www.asnb.com.my/english/asn3.htm

Can I just walk up to a Maybank counter and ask the staff if there are any spare units of ASW2020, and just buy them ?

yes, subject to the availability.