Yes own money. No loans involved. Yes property will surely appreciate. But ill max out the ASB account again in Jan/Feb 2013 when ill be getting some lump sum cash coming in.

I also not native.

Bumi got many classification. Not just Malay or Orang Asli.

Wuld investment in the PRS scheme be better than Amanah Saham?

Any insider info about ASB dividends for this year?

Your first reply after 1.5 years!

Are you sure? Where did you get this info from? For 2011 it was 7.65 + 1.15 = 8.80%. For 2012 only increase 0.2%?

This post has been edited by cybermaster98: Dec 19 2012, 01:00 PM

Today? I thought its usually declared in Jan?

So bad?? Last year it was 7.65+1.15 only. Now only increase 0.1?

Pathetic! I was expcting at least 9.0% considering the upcoming elections.

Yes the bonus is calculated over 10 years.

Yes long queue but surely worth the wait to see 22K in interest.

Yes. As long as the value is there and economy remains alright it should be valid (for now).

Yes more. Bout 265K. But just realised that i have space for another 20K. So will top up in Feb.

This post has been edited by cybermaster98: Jan 4 2013, 09:55 AM

The ASB limit of 200K refers to the amount of cash you can physically pump into the account. It doesnt include dividends and bonuses. Say you pump in 200K first. After about 5 years, your total account balance swells to about 285K. Then you withdraw 50K. This 50K is taken from the initial principle you pumped in. So now your actual invested amount becomes 150K with the remainder being your dividends. Your total balance now is 235K but u still can pump in 50K because in reality you have not maxed out your account yet.

In short, when you withdraw from your ASB account, ure actually withdrawing initially from your principle and only when that is depleted, will you withdraw from the dividends. Dividends are calculated based on the TOTAL amount in the account but based on daily rest.

This post has been edited by cybermaster98: Jan 4 2013, 01:44 PM

Yes dividend calculation is daily rest based on the total available balance in the account. And yes after some time, you can withdraw all your initial 200K and leave only the dividends earning from earlier dividends. But of course to reach 300K in dividends alone will take a few years.

Ive calculated if i leave the entire amount of 285K in the account untouched, i would end up with approx RM 1.54 mil in 20 years assuming a yearly interest of 8.9% per annum.

This post has been edited by cybermaster98: Jan 4 2013, 03:42 PM

Not sure how it works if your 200K is from loan but if its a cash investment, and u withdraw 30K now, yes later you can re-invest 30K back.

Not really true i think. I dont think its anything to do with confidence with PNB or the Gov. Those who have the money have all maxed out their ASB accounts. The others who have not done so either do not have the money to invest or they believe ASB does not conform to Shariah principles or they prefer to invest their money elsewhere which gives them higher returns e.g property.

Btw, no other investment in Malaysia gives you similar returns with the same risk factor.

This post has been edited by cybermaster98: Jan 21 2013, 08:09 AM

I really wish PNB would increase the maximum deposit limit for ASB funds. The current 200K is insufficient.

Do all of them offer the same high returns as ASB?

What about AHB?