I also have the blue passbook

I thought this only applies to Maybank Islamic Account ? I believe for conventional savings account, one can cash out any amount he/she likes.


Blood sucking !!!! I was told that i can withdraw any amount i like at any HSBC Malaysia branch without incurring any extra charge But too bad HSBC is not a PNB agent.


It is a fixed price fund. According to a "finance guru", fixed price is actually better than capital guaranteed. To learn more please click the link below :
ASNB

To fund BN's grand stimulus plan

Not sure how is Maybank's structured investments performing but as far as i am concerned, HSBC structured investments are doing great. In many of the structured investments HSBC launched in Malaysia, 9 out of 10 provided higher returns than time deposit (i am referring to last year's 12-month interest rate of 3.7%).

The only worst performing structured product from HSBC is the "Global Bank" fund, which only yield back 0.9% when it matured. That's because they invested in 3 counters namely Bank of America, Citibank and HSBC and we all know how Bank of America and Citibank's shares dropped significantly last year. Well, at least you didn't lose out any of your capital ...


Please stop typing with the caps lock on !!!!

ASM is fully subscribed, be it Bumi or non-Bumi. As for ASW2020, billions of ASW2020 Bumiputra units still available.

Those Bumiputras who have hit the RM200,000 limit with their ASB accounts.

Just a note, it used to be RM100,000 in the 90s.


Correct. Just like ASW2020 and ASM.



Ponzi scheme doesn't have a clear list where and when they help you to invest your money.

If the funds launched by PNB is a scam, then it is an entirely a whole different kind of scam.


Believe the money is needed to fund Barisan Nasional's grand stimulus plan, same goes to Sukuk. Remember that we're not China. We do not have trillions of reserves to fund the country's stimulus plan. Basically it is like the government is taking a huge sum of loan from its citizens.

This post has been edited by MilesAndMore: Aug 10 2009, 12:07 PM

If i'm not mistaken, Amanah Saham Sabah is not fixed at RM1. It is just like ASN. No mention of fixed price or capital guaranteed in the master prospectus of Amanah Saham Sabah.



How can it be guaranteed by Musa (the current chief minister of Sabah) ? Datuk Seri Yong Teck Li was the chief minister of Sabah when Amanah Saham Sabah was launched back in 1996.

Many Maybank staff got attitude problem, not just the KL Sentral branch

Wait and see probably means they would like to see how this AS1M performs after 1 year. If the return is great, then many people will also go crazy for AS1M.

Remember when ASW2020 and ASM were introduced, response was not so great too.

Please note that not all ASB account holder will get the full bonus.


This is all part of the government's stimulus package.

Many also have their money locked in structured investments.

This post has been edited by MilesAndMore: Aug 14 2009, 07:04 PM

The lowest since launched. Still good nonetheless.

This post has been edited by MilesAndMore: Aug 19 2009, 03:30 PM

Sauce ????

Anyway, here you go > ASW2020 YEAR 2009 DIVIDEND

This post has been edited by MilesAndMore: Aug 19 2009, 03:40 PM

PNB is known not to pay the dividend out in full so they can still give their investors a handsome return during economic downturn.

Those who are smart and have business sense will know they should not put all eggs in one basket. By one basket i mean ASNB (PNB), regardless which fund it is.

There are many rich Bumiputra too. My father personally know a few and have business deals with. The main difference for Bumiputra is that there is a huge gap between the rich Bumiputra and poor Bumiputra whereas the wealth of the Chinese is more balanced. Most of the rich Bumiputra are those elite Malays that are closely connected to the government and you do not see them putting all their money in any ASNB (PNB). Most of them probably do not invest in any other funds by ASNB (PNB) except ASB.

I bet the top 50 wealthiest Malaysians (be it Chinese, Malay or Indian) do not even take a look at PNB funds.

Even if ASNB (PNB) one day decides to abolish the racial quota for ASW2020 and AS1M by opening up the remaining unsold units to all Malaysian. It is likely that the Chinese, typically the race with more disposable income will also stop investing in ASNB (PNB) funds after their total investments in ASNB (PNB) reach certain level especially the kiasu ones. Let say they will self-imposed a limit of half a Million Ringgit only. Why ? Because those really rich Chinese have better faith in mega private banks such as HSBC Private Bank and Citi Private Bank etc.

The bottom line is that the Bumiputra quota for ASW2020, ASM (if any) and AS1M can be easily finished too. Just that those rich Bumiputra are NOT interested in ASNB (PNB) funds. Go figure



It should be on a first come first served basis. Or else i think they have given the wrong name to this recently launched fund.

Many multi-ethnic countries have done away with quota rule. Why are we still stuck in the last century ?

This post has been edited by MilesAndMore: Aug 21 2009, 05:18 PM

Please take some time and read several posts back.

To fund Barisan Nasional's grand stimulus package.


There are many millionaires in Malaysia, just that they do not want to put all eggs in one basket.

Wrong thread bro !!!!

Anyway, FD rate is expected to return to previous level late next year.

Every bank has different T&C actually. Certain banks will pay you the interest upfront and some allow you to make partial withdrawals.

You can still take out your money anytime but there will be a penalty on your interest earned.


Unit trust is more of a long term investment so you can get the maximum potential profit. Not the kind of thing for me though.