FD is useless. Go buy gold thru Maybank. Its the safest haven right now and gold has been on a constant increase since the past 20 years.

For fresh fund in new account, max amount is RM200K only. Since u have 255K i guess u have kept in ASB at least for 4-5 years.
Besides ASB, all other fixed price funds like ASW/ASD are good also.

This post has been edited by cheahcw2003: May 31 2010, 05:56 PM

The maximum is actually RM200,000 for adult. There is ASD and it is only for Bumiputra too.

1 actually wats the purpose of ASN? Even if they give dividen by end of finance year, the buying price decrease equal to the dividen paid out...could anyone clarify this for me?

2 ASB deposited 10 years edi, if withdraw abit, all bonus straight gone?

3 my concept, put in money before they close counter to pay out dividen, then withdraw after dividen paid out. example on AS1M, ASW, is it possible?

1. I notice that at every dividen pay out, say they give 5 cents. The buying price will drop as well. So, actually wats the point of ASN?

2. ASB have dividen and bonus right? the bonus will max out after 10 years, correct me if im wrong. But wat happen if i touch the money? Will it reset to zero?

No. It will just average out.

The price of ASN fluctuate according to the market so whenever they give out dividends definitely the price will need to be adjusted

Of Sime, the GLC plan and sizePublished: 2010/05/15

If you think you should not be bothered about what is happening in Sime Darby Bhd (4197), think again. Do you invest in Amanah Saham Bumiputera, Amanah Saham Malaysia, Amanah Saham Wawasan 2020, or Amanah Saham Didik?

Permodalan Nasional Bhd (PNB), through these unit trusts that it manages, holds about 41 per cent of Sime according to its 2009 annual report. PNB also holds another 13.2 per cent directly. If you have savings in the Employees Provident Fund, the pension fund holds about 12.43 per cent while Lembaga Tabung Haji, the Muslim pilgrims savings fund, has another 1.82 per cent.

What this means is that these investment funds could be affected by losses in Sime. If the group's profit shrinks, it may not be able to pay as much dividends to its shareholders. If that happens, the funds may not be able to pay as much as it did. One could argue that PNB has a big group of companies and others who are doing well, like Malayan Banking Bhd, could offfset lower dividend payouts from Sime. But on the flipside, if Sime didn't make these losses, it could pay higher dividends and PNB could declare even higher payouts.

The losses are huge and Sime owes it to its shareholders to reveal what exactly happened after it finishes its investigations. And by shareholders it means the average Malaysian who saves in ASB, EPF and other investment funds that have a stake in it.

Read more: Of Sime, the GLC plan and size http://properties.btimes.com.my/Current_Ne.../#ixzz0pfTaT6kF

uh uh... Is it time to withdraw money from PNB now?

No la. What he means is that your returns might be LOWER. It doesnt mean PNB will go bankrupt.

ASNB is set to announce the return for ASW2020 in less than 3-month. Hope it won't disappoint

No need to wait until ASW2020 in 3 months time, Both ASD and ASW invest in Sime Darby, as at their financial year 2009, ASD & ASW has 8.1% and 3.27% exposure respectively in SIME DARBY Share. ASD will annouce the dividend income end of this month, so we will know how SIME DARBY case affected the funds.

Hi all,

Need some urgent help here, i do not have much knowledge about ASM and AS1M, but i have deposit some money through Maybank 2 years ago.

Right now, i plan to get a statement for visa application purpose. Where should i go? Maybank?

And if i want to withdraw all the money out. will it be maybank also?

thanks so much!

u post the question in the wrong thread

AS1M is a relatively new fund. How is it possible that you made the investment 2 years ago ?



No. Maybank is just an agent. You should head directly to ASNB office. I am however not too sure if they can provide you with the latest statement. Besides, usually for bank statement for VISA application use, you will need to submit your bank account statement stating your savings/current/time deposit (which applicable) and ASM and AS1M are both not savings or time deposit account.


This can be done at any ASNB office or any of its agents such as Pos Office, Maybank, CIMB Bank and RHB Bank. There is a cap of RM10,000 maximum cash withdrawal per day at ASNB and Pos Office. If the amount of money you intend to withdraw is more than RM10,000, you should go to either Maybank, CIMB Bank or RHB Bank.

This post has been edited by MilesAndMore: Jun 3 2010, 01:38 AM

thanks so much bro! it's for visa application. damn troublesome.

as1m or asw2020 better? or ASD?

btw, where can i get a list of company that they invested in? for eg, ASB invested in british tobacco, etc.

This post has been edited by Augus7: Jun 9 2010, 03:46 PM

What is the best investment without risk or minimal risk? Opt out FD...
If i have 10 thousand, what can i do? anyway to roll my money with minal risk?

I check with CIMB the other day, the officer said AS1M sold out for non-bumi quota. Is this true?