The only good Amanah Saham is ASB. The others are very risky especially with the current economic condition and the Government's financial situation.

Does anybody know wht is the maximum investment in ASB? Is there a way to apply for an increased limit? I maxed out at RM 255K.

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.

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

If its long term investment then go for gold.

I have the following queries regarding ASB (Amanah Saham Bumiputera)

1) What documents are required for withdrawal of funds
2) Where can we withdraw?
3) What is the maximum withdrawal amount?
4) Is the amount given in cash or deposited into your savings account?

Thanks

Thanks!

ASB provides the BEST returns among all the bonds in ASNB. Its returns are usually around 9% per annum. Max out your investment in ASB before u contemplate any other bonds / investments.

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?

Hope the Amanah Saham Bumiputera (ASB) dividend for 2010 is better than the last.

I wish they would increase the investment limit to RM 250,000 instead of RM 200,000K currently.

Investment returns not much different???? ASB dividend for last year was among the lowest but still it was 8.55%.

What about ASB? Can the investment account be increased past its limit of RM 200K?

Yes the capital is 200K. Ive already got about RM250K in there. Was wondering whether i could increase the capital limit of 200K.

yes the interest is calculated based on your total balance available. But you cant top up more cash once your principle investment reaches 200K. The dividends can continue to increase.

I think if ure gonna take a loan to invest in ASB is worth it. The difference is very small. Plus the BLR will keep going up. ASB dividends keep on going lower. ASB investment should be based on cash. Just re-evaluate your priorities and save more each month then dump it into the ASB. Dont go for loans. Just isnt worth it in the long term. I maxed out my ASB using just my savings alone.

Sorry. Typo error. I meant 'I think if ure gonna take a loan to invest in ASB is NOT worth it'

So the loan is about 5% and the interest gained from ASB is about 8% so the actual earnings is about 3% only. This is almost the same as the current FD rates. So whats the big benefit in taking a loan??? When the BLR goes up the interest rates will go up. So over time it would be more beneficial to invest in FD rather than take a separate loan to invest in ASB.

ASB is only for those who have cash reserves which are not earning as well. It defeates the purpose if u have to take a loan just to invest in ASB. Best to just save up and invest periodically in ASB rather than take a lump sum loan.

What is good? Current FD rates for 1 year is about 3.6-3.7% and this will go up in tandem with BLR increase. So whats the point in taking loan and putting into ASB?

The FD is just for comparison purposes. If u get a fixed ASB loan at about 5% the difference between the amount u pay off the bank and the dividend you get from the ASB is only about 3.5% (currently). Thats about the same as conventional FD rates in any bank currently. If Bank Negara raises the OPR then the bank interest rates also go up. ASB returns will not go up much in the next few years. Dont forget that the Gov is nearly broke so dont believe all that eyewash about the economy picking up.

So in considering this it would be baseless to take a bank loan to invest in ASB as compared to saving up and then investing. The loan concept only works for those who have no dicipline in saving thus even a small return is still considered acceptable.