not really, ASD dividend is less than AS1M for this year

6.35%

Hi, does any Bumi do what I say as in the below posting ?

Miles, good explanations there.

Hmm, looks like it's a good way to place cash inside PNB Funds as Emergency Funds. Good liquidity, and good dividend for the Fixed Price Funds. Can withdraw for, say, medical emergencies.

Then, for Daily Expenses - another creative way. Meaning : a Fixed Price Fund unitholder will only need to travel to any bank to selloff some units at every month-end, and use the money for the rest of the month. Then comes another month-end, do the same thing again.

The calculation must be good - the total units sold away, being equal to the total amount withdrawn for monthly expenses; -> when totalled up for the whole year must be equal to the total amount of divdend earned in the previous year to keep the principal constant, and therefore, be able to generate the same "expenses amount" again for the following year.

One must be careful not to withdraw more than what one earns as dividend at the preceding year.

In this way, so long as the dividend yield remains constant year in and year out, there will be income earned consistently for spending.

Have I missed anything ?

Anyone here can sell me RM1 of as1m and what is the procedure?

The non guarantee is refer to the return (dividend) which is not guarantee. For the fund price is fixed as u said.

What is your reason for selling please if you can share ?

Received black and white from PNB, ASW2020 for BUMI also fully subcribed!!

At the first sign that there is a reduction in dividend, then it is time to send our money out of the country.

Things are getting dangerous. Perhaps the party days are coming to an end.

Updates on what happened in Facebook recently...

There are around 210,000 facebook members, votes against Government/PNB decision to build the 100 storey skyscapper in Stadium Negara, the reason is PNB investors are worried that their funds could be misused and mismanaged, after all PNB has no experience in Construction/ real estate developement. When reporters questioned PM Najib on the 210,000 votes, he replied the reporters that he has 460,000 suppoertes in his facebook page, so conclude that those who support the 100 storey highrise is more than those who against it, so what do you think?

The thing is if the 100 storey building Wawasan Merdeka received 470,000 against votes, more than what our PM received, will PM pull back the developement plan??

What do u think as a PNB investor? shd they focus on the current investment portfolio or diversify to the property development?

PNB has clarified they do not use the fund from investors, they have special funds to build it, but till now PNB do not show us how they get the RM5bil fund, and how it will not affect the investors should the project fail??? what is your opinion?

To read more : http://malaysia-today.net/mtcolumns/newsco...eaches-sky-high

http://www.facebook.com/?flyingspaghettimo...egaTower?v=info

This time PNB could declare a much better dividend for the ASB just to make the Bumiputera's happy and make them vote for BN in the coming elections.

Did they specify the NAV of the fund ? More than or less than RM1?

ASB and ASW/ASM/AS1M are similar type of funds but ASB has consistently given better returns, wonder what is the reason?

They fixed the selling price at RM1/unit but NAV cannot be fixed as it fluctuate with the market prices.
If they dont disclose it in their annual report then they are not being transparent.
It could be less or more than RM1 depending on the fund manager ability.
From 4-Aug-2009 to 30-sep-2010 KLCI moved from 1180 to 1463, a 24% gain.
AS1M only returns 6.38/13.87 = 5.5%.
AS1M invested 2/3 on equity & 1/3 on money market.
If AS1M perform as well as the KLCI, its NAV should be at least RM1.10.

will the gov question me if i bank in a large sum of money into asb in 1 transaction?

hello. this is not a racist question. but i'm just wondering. they always say that all these are for bumi's or stuff like that. so would it be wise to invest in this? high returns?

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Added on May 28, 2011, 9:45 am

Yes you are right.

There are many cash rich companies still need to find some investment instruments to park their money.

They would not simply expand just because they are cash rich. Some are waiting for bad times to buy some good assets. Meanwhile, money has to be parked somewhere.

Sometimes could be problematic when banks ( got one time ) refuse to accept large deposits.

How? Don't say things based on hearsay.

Yape, I agree with you.. Given the return is actually below the effective gross rate, it is logical that they will continue to be tax exempted over the long term.

Added again that, in my opinion, the government is the largest stakeholder for PNB.. The government will ensure those stakeholders (majority of investors) are well taken care of in terms of the taxation..