AS1M finished already.

3pm 30/4/10 , confirmed by another relative also.

Now where am I going to put my savings now that AS1M is finished? Should I look at maybank's etiqa or Public Mutual, or keep in FD?

This post has been edited by soul2soul: Apr 30 2010, 04:06 PM

am guessing this is only the chinese quota...

no news of the quota for others being opened up for chinesE?

correct me if i am wrong- but they did so before with other funds right?

i tot u already bank in gradually? didn't u?
in fact, chinese quota of rm3bil already sold 90% as at end of Feb, after 2 months (from Feb till Apr 30) took up another 10% considered slow already. I guess the quota will be open up to other races soon.

This post has been edited by cheahcw2003: Apr 30 2010, 06:36 PM

If you have a long-term view, forget about FD.

Why are you so sure of that? Even ASM also have not banished the quota entirely. We will always have to wait for crumbs from the govt.

Last Year in March ASM that did not sell, open for all races what. i was able to buy RM20K, the max amount allowed per head

Is it? Well thanks for updating me. My mistake then.

The below is what i got from the OLD NEWS from The Edge,
http://www.theedgemalaysia.com/business-ne...om-july-21.html

Unsold ASM units open to all Malaysians from July 21

Tags: Amanah Saham Malaysia | Hamad Kama Piah Che Othman | Permodalan Nasional Bhd

Written by Gan Yen Kuan
Wednesday, 15 July 2009 14:51

KUALA LUMPUR: Permodalan Nasional Bhd (PNB) will open the remaining 1.6 billion units of Amanah Saham Malaysia (ASM) for subscription to all Malaysians beginning July 21, after the expiry of quota-based offer period on July 20. These unsold units are part of the 3.33 billion additional ASM units announced on April 20. Of the 3.33 billion units, 50% was allocated for bumiputras, 30% for Chinese, 15% for Indians and the remaining 5% for other races.

"PNB had placed the quota for a period of three months in an effort to promote this fund to all races and to diversify investors' profile. We think this three-month period was sufficient to enable all to invest," PNB's president and group chief executive Tan Sri Hamad Kama Piah Che Othman said at a media briefing here on July 15.

"The quotas for Chinese and Indian had been fully taken up. But beginning July 21, those who want to invest more can do so," he added. To ensure fair distribution to the investing public, each investor will be allowed to buy maximum 20,000 ASM units from July 21 to 27. The investment limit will be void after July 27. The purchase of ASM units will be on a first come first serve basis.

ASM is an equity-income fund launched in 2000 with a fund size of two billion units, which were fully subscribed in 21 days. Since its introduction, ASM had offered six additional launches with total units of 7.63 billion. On the upcoming Amanah Saham 1Malaysia new fund announced by Prime Minister Datuk Seri Najib Razak on July 11, Hamad said it would be launched soon but details should be announced by Najib.

So sad to hear that!

Was actually thinking of topping up some more when I get more funds.......

I do hope they open up to all races before the dividend is announced. Have to grab some more before the good news!

Really ? that's sad to hear. Wanted to invest in AS1M

PNB confident of full subscription for AS1M

Sources: http://www.theedgemalaysia.com/component/c...cle/163034.html

As at 4 April, chinese quota already 95% sold out, so till 30 April 100% sold out. Stay tunned for the next opening of more quota to chinese investors.

Cheer up. It's not the end of the world. When our KLSE index is at it's peak today or rather latest before Labour Day holiday at 1,346.38 you can trust me and KEEP your cash as CASH (F.D. etc.. liquid) History has told us what goes up have to come down. Last time it was the subprime mortgage crisis that broke the camel's back. Today, Greece financial deficit is brewing up another crisis which may be starring at us right our faces. EU is panicking and any slight jerk is going to send down the house of card like anything else. Look at what Goldman Sach is doing to Dow Jones yesterday! And Greece is NOT the only country in trouble. Portugal, Ireland and Spain (PIGS) are right at the edge. The West are working overtime to plug the leaky financial holes to stop the Greek domino from slipping down the stairs!

Who knows if those clouds on the horizon will whip up another storm like Sept 2007subprime or worse still like our 1997 meltdown! If I were you, I'll start to build up my cash pot and at the same time do some homework and look for a few bluest of the blue chips to park my cash when the market is hit real hard. If you can get to the near bottom and fished out a few good stocks your investment may double over the next 1-2 years if market floats the "day after". Mine, timing not so good, still make slightly over 50% today on paper as compared with what's 1 1/2 years back. I am preparing my exit from KLSE when to foreign fund managers moves in. So far they have not done so in any great way.


So where do you think you are going to park your money now that AS1M's door is closed?

I don't think the next recession will come so fast. Most of the economy are still in the midst of recovering. At most will be some sort of minor correction only IMHO. I think the recovering should last a few more years before everything started to go downhill again.

i seconded to what u have mentioned. PIGS are relatively small countries, they have minimun impact on the world economy or Asian economy.

Yea, It's good to think positively. Hope I had just a bad dream and not materialised into another nightmare. I have been caught once and that's why I say, never be too sure. In 1997 our KLCI had reached its peak at around 1267 ?? more or less and before you know you were hit. The worse thing is you never know what hits you and how hard its going to hit. We were looking hard at HongKong's economy then when the bubble there was huge. without knowing that the rouge funds were biting off our tails. By the time we knew, George Soro almost asked Mahathir to see him at 5 (Five)!!! He meant 1USD : 5RM?

But I sure know I(now) that its painful to see your portfolio shrunked to the size when KLCI dropped from 1267 to slightly over 300!! The most painful part is it took 10 (ten) long years to get us up to KLCI of over 1200. And in less than a year we were back down to 700's level. We are luck that we recovered in a year to a year and a half.

I too agree that PIGS are relatively small countries. But you must remember they are part of a huge economic community.. the EU. The small ones can drag the bigger ones down too! Just throw in this one for brainstorming.

for prudent investors like you and me, it is always good to diversify our investment, to park some in cash/bond/pnb fixed price products/property/reits, instead of go all out to equity. It is also good to set a cut loss point. You can set a 20% target cut loss point, in case market drop 20% from 1350 points then sold all the equity on hand. 1st rule of investment is not to loose.

We do not have crystal ball to see what will happen in 3m/6m or 1 year time. So just be positive thinking, and less worry, we shd not worry on the situation that out of our control. As i mentioned in my previous post, PNB fixed price is good in the sense that u can temporary park your fund while looking for opportunity. it pays 2.5 times more than conventional FD.

hmm.. do anyone know update on ASW2020, still have quota for Chinese ?

It is fully subscribed ...

zzz , wanted to invest as1m 2moro ,,, lol now everything fully subscribed , quota fulfilled ... haiz .

AS 1 Malaysia three billion Chinese allocation fully subscribed]

URL: http://biz.thestar.com.my/news/story.asp?f...54&sec=business