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 AS1M, ASM, ASW, ASB V2, PNB fund

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ric0225
post Aug 6 2009, 02:46 PM

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QUOTE(soul2soul @ Aug 6 2009, 02:17 PM)
Yes you can transfer from your saving's account.

No service charge.

Bear in mind if your account is not from the home branch, you can only withdraw a maximum of 25,000 in one day.
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RHB Bank's max is 10,000 only per day, else you're charged RM5 service charge. Apparently they have to verify with your home branch first and that phone call cost RM5.

This post has been edited by ric0225: Aug 6 2009, 02:47 PM
ric0225
post Aug 10 2009, 01:14 PM

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QUOTE(lonelyplanet92 @ Aug 10 2009, 11:49 AM)
Most likely next General Election is around the corner, big campaign needs big money, must korek from AS1M. That is why "Najis" launched this fund
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To each his own.. but at the very least be respectful. (hopefully it was just a typing error)

QUOTE(lonelyplanet92 @ Aug 10 2009, 12:38 PM)
This is what the info we had on the surface/ on top of the table. We as an investor we do not know how the stimulus package works? to invest in government linked companies? to inject in buidling up infrastructures? there are so many highway leakage nowadays, stadium in Trengganu also can collaspe within few years it has been built. I am sure it is something wrong, corruption is getting serious. to build Iskandar projects in Johor? 2nd Penang Bridge? Who get the most benefits?

What we get from AS1M is just 3.75% to 4% dividen (against the 5 years bond's benchmark), those corrupted contractors, GLC's officers get more than us (as AS1M investor) for sure..... When see things we cannot see only the surface, or what being told. Note all medias are UMNO-controlled. When everyone rush to do one things like buying AS1M, it is good to have different kind of voice and thought to share...
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Agree 100%.

Thinks it's always better to have a different point of view... at least then I feel like I have the option of choice.
ric0225
post Aug 12 2009, 11:12 AM

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QUOTE(cherroy @ Aug 11 2009, 11:41 PM)

So how can AS1M be riskier if they are same at fixed price? I really don't get it.

If said potential return from this fund might be lower due to no track record, or poor timing of the fund, may be at least understandable and reasonable.

But to say it is riskier, we need to have reason and facts of it.  smile.gif
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My 2 cents worth....

Riskier probably in terms of potential returns from the investments.
Say I'm selling something... would it not be right for me to market it in the best possible light. So when PNB benchmark AS1M against MGS (currently at... what 3.73%) at this point in time, then how much confidence would you expect, when the seller thinks that is the best they can provide. Granted, that is just a benchmark and it could be much higher, but for seller to state that it's so low from the very beginning.... hmmmmmmm..... I don't know. Don't get me wrong.. I invested in AS1M too... but I think I understand some of the fears some out there feels.
ric0225
post Aug 12 2009, 12:34 PM

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QUOTE(cherroy @ Aug 12 2009, 11:27 AM)
This is not called riskier, this is more about its potential return rate.

Risk - you lose your initial capital.

It is misleading to say AS1M is riskier than ASB,ASM,ASW. It gives wrong impression to other.  smile.gif
Also, ASB, ASM, ASW, even AS1M, there is no guarantee payout on each year, although track record is good for ASB, ASM and ASW, but this is no guarantee future will be the same as well.

The more appropriate is to say they are carrying the same risk. But opportunity cost and potential return could be different.
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Agree.

But like I say.. riskier maybe not in losing monies but... riskier in terms of earning less. nod.gif

Anyway some if not most of the investors in ASx are people who are not so interested in the finer points. What they see is the general feel of the particular ASx offered, and this one AS1M although highly advertised by PNB is not really getting the push in sales on the streets. So I guess the casual Joes on the street feel uneasy.
ric0225
post Aug 12 2009, 03:08 PM

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QUOTE(snowcrash @ Aug 12 2009, 02:05 PM)
It's not your fault, but you have no idea how much I hate this statement & the sentiment behind it.

It's the kind of thinking that leads people to ignore downside risk & gamble on ever riskier items & schemes that they don't understand. It's the kind of thinking that rip-off artists prey upon, because they know that the fear now is not losing money, it's now not making enough money. In a larger scale, it's the kind of thinking that makes people assume that a 20% p/a return is a requirement, that leads them to believe in stupidity like the eternal bull market.

Never forget downside risk, never invest more than you're prepared to lose and never, never invest in something you don't understand and that cannot be explained in a 2-3 simple sentences.

Rant over. Sorry.
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hmm.gif Correct me if I'm wrong.. but I think maybe you've deviated from the topic slightly.

Granted I agree with what you say but putting it back into the context of ASx, if one could, given the choice, one would choose ASN, ASB etc.. etc.. with confirmed track records right. And those that have no other choice would choose either ASM, AS2020 or AS1M (or all of them). And given that ASM, AS2020 and AS1M are all fixed priced, then comparatively wouldn't AS1M on paper at this point in time looks less attractive, hence a riskier (ok not the correct word to use but the word in question never the less) option. After all nothing is for certain right, because lets face it, these kind of investment carries a certain amount of risk, thus AS1M is seemed by some to be 'riskier' in comparison.

Well that's my simple take on it anyway. smile.gif
ric0225
post Aug 13 2009, 02:16 PM

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QUOTE(Life_House @ Aug 13 2009, 12:48 PM)
sorry folks ...  this sounds a stupid question ..  but i juz wanna get some clarification ...

Is it the thumb-print a pre-requisite for opening an ASM/ASB/ASW a/c ?  i understand that their counters use bio-recognition system..

But i have a rough thumb until their system cannot detect n verify my thumb print against my IC ..  Havce tried in different branches also same ..

So for ppl whose finger skin spoilt a bit, is it really no hope to apply for above funds ?
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Are both your thumb print just as bad. If not maybe you can opt to have your right print instead of left.
But then again... when I got my AS1M... RHB bank did not check my thumb print against my MYcard... or did they? hmmmmmmm hmm.gif
ric0225
post Aug 13 2009, 05:56 PM

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QUOTE(Life_House @ Aug 13 2009, 05:13 PM)
yeah /....  both my thumb print r bad ..

i went to 1 of d RHB branch b4 ...  they follow d same procedure ... nd thumd print ...  i went to PNB hq, d counter staff said can't help .. after a few tries ..

wat i only know is that, to apply for any funds under PNB, need to open an a/c 1st ....  in which they need thumb print ...

So if RHB did check ur thumb print, then how did u apply ur AS1M ?    mind to share ?
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I did put down my thumb print when I apply AS1M... but the counter staff at the bank didn't check it against my MYcard. Maybe cos my print look okay. Well for your case maybe you can request to use your index finger instead??? rclxub.gif check with PNB again lar. I'm sure there are other options.. if not.. "orang cacat" how?

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