Not quite. ASx funds have their dvidends announce on a reqular yearly schedule. For fixed price funds, they're paid out to you in the form of additional units. ie, you have 1000 AS1M units, after 1 year they announce returns of 5%, which is given to you in the form of 50 additonal units.

soul2soul, I suggest you leave dreamer alone. On this subject he's literally a crazy irrational conspiracy theorist.

He will keep asking you to prove your claims while refusing to do the same himself.

He will keep referring to an an incident that happened over 10 years ago without even considering the possibilities that the political & economic realities have changed in the meantime.

From what I can see, dreamer is fine so long as you avoid any discussion regarding the govt/ NEP/ etc with him, because at that juncture he'll go from an experienced investor to crazed ideologue.

(BTW, this is what happened the last time I tried to have a rational discussion with dreamer. I suggest reading the last 4-5 posts on the previous page as well.)

This post has been edited by snowcrash: Aug 7 2009, 01:40 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.

This post has been edited by snowcrash: Aug 12 2009, 02:08 PM

In that case, I think you're investing in the either the wrong product or the wrong time.

Given the general economic circumstance, I think your upper bound is an impractical hope. I expect the non-ASB funds to max out at 7% (stretch 8%) till mid next year. 10% is a pipe dream. For that, I suggest getting into some aggressive-type UTs or direct investment in counters. You'll face higher risk of course, but hey, something for something right?

Your sarcasm, much like your reading comprehension, needs work. My suggestions are in the prior post.

None of the articles specify which ASx they're gonna donate, but given the poor takeup, most likely candidate is AS1M.

As to meaning, it's fairly obvious - like at the launch of AS1M, when they gave away certain amount to local students, except this time they're gonna give it to something called the hardcore urban poor.

Ennnh, (a) it seems like a poorly defined demographic, and (b) if it really is the hardcore poor, they're just gonna sell it off in a couple of hours anyway, as hardcore poor need immediate funds. Let's see where this goes with some further information.