Proceed from http://forum.lowyat.net/topic/347861/+2480

if i want to invest in AS1M at maybank, do I need to bring cash? can transfer from my saving acc?

Point to note:

1) For every $1 profit, distribute 5 cents. Fund will last longer at least 5 years. Keep people money and profit in BN pocket better.

2) This is 1st Class Structured Investment developed specially for 3rd World people who cannot read or understand simple plain english.

3) Malaysia's exports, the mainstay of the economy, fell 22.6 percent year on year in June. Foreign investment has also seen a big dip this year, with foreign direct investment for the first five months stood at RM4.2 billion compared to RM46 billion in 2008.

soul2soul,

1)  Are you OLD enough to know UEM reverse take over of Renong in 97/98??  If not, do a google and find out.  Yes, securities commission suspended their rule to let it happened.  And, the majority shareholders of UEM are the GLIC like EPF, PNB and so on.

I invested in UEM.  I lost my money in UEM.  From then on, I promised myself not to invest on ANY GLC or GLIC.

You made bad calls in the stocks during the 1997 crisis. As a result, you lost some money, and you blamed the government for this mess.

2) I believe bumi should invest in ASB.  I believe non-bumi that invested in ASx to be "running dogs".  They voted for this government with their money in spite of what is going on lately.  So, if those non-bumi lose their money, they deserve it.  I am biased.  I believe people should vote with their money along with their belief.  They CANNOT say they do not support the government but still give the government more money.

So you think the government is out there to get  the chinese. To get all the monies from them , to rob them in some high profile conspiracy to down all the chinese. To trick them with some high yielding investments like ASx. you like conspiracy theories don't you?

3) If you go back long enough, you will find that in every Malaysia recession over the past 30 years, the same thing like (1) happened.

Yes, they may happen. Recessions may happen. But then, the USA also squandered in the housing bubble. It spares no one. But then, if you think like that all the time, you don't have to live already. Do die, don't do also die.

Put money in FD also you complained all the local banks run by GLCs also like Maybank, so prone to collapse also. Put money in PNB also susah because you say got conspiracy. Put money in house also susah got thief want to rompak. Put money in singapore have to do homework. PUt money in Forex dunno how to use computer. PUt money in Bond, money not enough how to buy bond? pUt money oversea, not enough to get attention from tgheir fund manager with only a few thousand ringgit. EPF also not safe... cause gomen steals money from it....

Spend the money saja lar if like that stimulate economy , no need to save, government all out there to rob our money...EVERYWHERE NOT SAFE!! die lar think like that everyday, hoping for bad things to happen as if you WISHING it to happen , want to really see other people suffer for their decisions like 'serve you right'. Very GOOD.

Macam mana ni??

Dreamer

<< soul2soul,

1)  Are you OLD enough to know UEM reverse take over of Renong in 97/98??  If not, do a google and find out.  Yes, securities commission suspended their rule to let it happened.  And, the majority shareholders of UEM are the GLIC like EPF, PNB and so on.

I invested in UEM.  I lost my money in UEM.  From then on, I promised myself not to invest on ANY GLC or GLIC.

You made bad calls in the stocks during the 1997 crisis. As a result, you lost some money, and you blamed the government for this mess.>>

soul2soul,

It is OBVIOUS that you have NO IDEA what the UEM incident is.  So, I wish you best of lucks.....

Dreamer

from the PNB report for previous year, see some of counters they invested are tenaga, maybank, bat, public bank, etc etc....

so it is matter of you let ur fund mgr manage ur funds or u do your homework and try to invest ... like a pro or amataur.....

You can just hit everyone like this, as each of us has our own perpetive and opinions, so we can only discuss it....

soul2soul,

It is VERY SIMPLE.  For everyone, I make a SIMPLE request.  Google and find out what exactly happened to UEM during 97/98.  After you done that, if you STILL trust the government, it is YOUR choice.

1) But, what I cannot stand is PEOPLE choose to be IGNORANT.  They are so CARELESS with their own money that they cannot spare a few minutes of their time to find out.

2) I am STILL okay with people be CARELESS with their own money.  But, will you SLEEP with a CLEAR CONSCIENCE without checking things out FIRST before recommending this AS1M to someone else?

As for (2), if you MADE a BAD recommendation to your friend and family, you have to live with this for the rest of your life.

It is OBVIOUS from your response that you have NOT done your homework as to what exactly happened to UEM during 97/98. 

Why??  What are you afraid of?

Dreamer

soul2soul,

1) If you couldn't bother to find out about UEM, you can choose to lose your money in any places.

2) Why do you WORK so hard to earn YOUR MONEY but not willing to spend time and effort to LEARN how to protect YOUR MONEY??

3) Why should I bother to answer your question when you DO NOT CARE anyhow??  It is YOUR MONEY.  I just do not want you to spread bad information to cause OTHERS to lose money.

Dreamer

soul2soul,

Do you UNDERSTAND that those are BUMI lot?? Aka,the 30% allocated to BUMI as per NEP.  Hence, PNB can ONLY channel those stock to ASB only or else they will be breaking the LAW since ONLY ASB is "BUMI ONLY".

This is WHY ASB pay out better dividend than ANYTHING else.  Aka, ASB is a good deal for BUMI.

This is also WHY ASx is not as good a deal for non-bumi.  PNB cannot use the same trick to make money for any non "BUMI ONLY" unit trust.

Think!!!

Dreamer

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.)

August 18, 2009 20:58 PM

1.9 Billion AS1M Units Subscribed
PUTRAJAYA, Aug 18 (Bernama) -- Permodalan Nasional Bhd (PNB) announced Tuesday an estimated 1.9 billion Amanah Saham 1Malaysia (AS1M) units have been subscribed since it opened for public subscription on Aug 5, 2009.

Its President and Group Chief Executive, Tan Sri Hamad Kama Piah Che Othman, said 10 billion AS1M units, priced at RM1 per unit, is being offered for sale to all Malaysians aged 18 years and above.

"So far, about 1.9 billion AS1M units have been sold. There is still a lot more units available for subscription," he told reporters after handing over prizes to winners of PNB Investment Quiz 2009 here tuesday.

Malaysians, aged 55 and below, can purchase a maximum of 50,000 units while those above 55 years can subscribe up to 100,000 units of the units which was launched by Prime Minister Datuk Seri Najib Tun Razak on July 31, 2009.

The fixed income fund has similar features as Amanah Saham Wawasan 2020 and Amanah Saham Malaysia.

-- BERNAMA
http://www.bernama.com/bernama/v5/newsbusiness.php?id=433958

I think this time around, the RM3bil allocated to Chinese are rather difficult to be fully subscribed by Chinese by 3rd Sept.

ASW 2020 annual report has been released. 2009 dividend declared 6.3 cent per unit.  Higher than FD.

Its chairman Tun Ahmad Sarji Abdul Hamid said the income distribution involved a total payment of RM592.26 million.

"It will benefit 872,322 unit holders who currently hold 11.01 billion units of ASW 2020," he told a press conference here.

ASW 2020 unit holders will receive their income statement from the end of October.

Up to Aug 17 this year, ASW 2020 recorded an income of RM661.28 million, an increase of 12.62 percent from the RM587.18 million posted in the previous corresponding period.

Profit from the sale of shares contributed RM311.27 million or 47.7 percent while dividend income from investing companies RM223.69 million or 33.83 percent and interest and other income RM126.32 million or 19.10 percent.

Meanwhile, PNB president and group chief executive Tan Sri Hamad Kama Piah Che Othman said PNB sold 14.5 billion trust units in the first eight months of this year.

...and we still call this 1 Malaysian Fund?

tht y najib advise tht woman appeal.

subsequent the offense will be reverse.

btw, im agreed with u, worst is not yet come... just waiting something to happen...

I am working for NGO that help goverment giving out this aid. This aid is given by KPKT to the poor .. average household income below RM740 or RM185 per capita regardless of race or religion.

1) The units are not actually "given" to the poor.  What's actually done is that each family is "allocated/tagged" with 10,000 units ASW by PNB. Each given a cert "sijil" ASW.  They are not allowed to sell their units...but they can only collect the dividends.

2) As stated above, its not AS1M its ASW.  The goverment "buys" 100Mil unit worth of ASW from PNB.

Sorry for my poor English. Hope this answer your question. 

but the yield is too low for me  My investment criteria yield must be at least 7%