well, you could too if you always plan ahead

https://www.cimbclicks.com.my/asnb-prospectus.pdf

hi all, i'm newbie in investment, got to know about this AS1M...
can i know the 30% for chinese still available? thx in adv

None left unfortunately.

Please be informed that PNB already stopped individual request for ASB OD.

What do you mean ? Please elaborate further.

from 1st of July onwards, you cannot pledge ASB certificate to any banks to apply OD under individual name. It can only be done under sole proprietorship's name. For OD/ASW, totally banned, as started from 1st July, ASW cannot be converted to certificate form already, only in passbook form.

Any reason they are doing this ? They expect the return of PNB funds can no longer cover the interest charged from banks in the future ?

i guess many Bumi do not know how to operate the OD, they do not serve OD on time and force the bank to liquidate the ASB Certificate, PNB need to endorse and unendorse all the documents and it makes all messy. So now OD only open to businessman, PNB think those can manage their sole prop biz can manage the OD line. But Term Loan for ASB still running.

OD against ASW stopped already as many manupulate using the OD facility to reinvest, PNB want the investor to invest from ther own money, i guess

Ive considering to withdraw quite a sum from ASN1. Any recommendation to where i should put it into? Im not sure which one will give slightly higher returns, ASW,ASM, AS1M, or ASG or perhaps ASB...this investment i wan it to act like a bank, where probably after 1 year i will wan to withdraw some of it. I dont think ASN2, and 3 would be in my choice cos the price is currently too high. im son of soil btw =.=

Just put into ASB and forget the rest. When you have reached the maximum which is RM200k, you can then put your money in ASW2020 or ASD.

Where can i sell my asm? Go to any bank or must go to asnb or anywhere?

Maybank, CIMB Bank, RHB Bank, Pos Office and ASNB office. You can withdraw a maximum of RM25,000 cash at Maybank and RM10,000 at Pos Office/ASNB office. CIMB Bank sometimes impose a limit too but they always change it from time to time. If you are going to withdraw more than RM25,000 of cash, just go to RHB Bank.

But if lets say i kept it for 10 years( which is the max bonus received), but suddenly need money and withdraw like few thousands, will it affect the bonus drastically? If yes, how much so?

The 200K is the amount invested. It doesnt include the interest earned. So u can keep it forever and the amound can reach even 400-500K. The interest is calculated on the balance available. So if u withdraw then the interest you get will be lesser.

yes ive maxed out my account since end of last year. I am looking for opportunities to increase my investment limit in ASB. But i doubt you can. Has anybody ever managed to do this?

what happens if you try to deposit more money into ASB when it is already maxed? ie. you deposit 10k when your balance is already 195k?

It will show "request cannot be done".

This thread has becoming less interesting and boring nowadays from my obervation for the last one month, there are many newbies that ask simple and repeated questions every now and then without referring to the earlier thread, or referring to www.asnb.com.my website which is very informative...some of the common questions below have been repeated more than 10 times and still got new comers come and ask the same questions again and again...among the questions are:

a) where can i buy asnb products?
b) AS1M non bumi quota still got? when will they open for chinese quota again? chinese quota full. Then what abt indian quota leh, still got?
c) out of all the funds which is the best? i am a bumi
d) i bought the ASW 10 years ago in post office, i want to sell it now, where can i sell it?
e) what is the max amount i can withdraw from the PNB per day?
f) what is the opening hour for PNB?
g) any sales commission for ASW, ASM?
h) AS1M got sales commission?
i) ASW chinese quota still got?
j) i am still a student, can i invest in 100ringgit? what is the minimun investment amount? u guys invest 10K? why u guys so rich one?
k) what time post office open?

almost every page of the thread the above same questions (at least one) will be apperead....

relax bro, this is the norm in Malaysian's forum. can't help it because you simply can't control it. Questions were posted by people from various back ground all over Malaysia and you can't expect every one will be thinking the same as you. Just ignore or skip the repeated stuff that all.