If withdraw from ASB and put inside ASW2020 today, will get the dividend?

no.

and if can, WHY?

ASB is giving out 8%+ dividend while ASW2020 is giving around 6%+ dividend...

Agreed in terms of higher dividend
Maybe re-adjust portfolio in accordance to weightage for closing end of Aug 2013

I thought can. If throw all the money from ASB to ASW2020 to get the ASW2020 dividend and throw it back to ASB to get ASB dividend

it doesn't work that way. if not everyone would do that

dividends for ASB and ASW2020 is calculated the same way. it is based on the lowest balance of the month. if you do that, you'll lose your august's ASB dividend, which is 0.67% (8% / 12 months) of your total lowest balance of august month

and it won't matter if you add in 100k into your ASW2020 account in the middle of august. it will not be calculated into the dividend for that month.


only current account gives you dividend / interest based on daily account balance

This post has been edited by lucifah: Aug 26 2013, 01:44 PM

yup.. that is the reason why i'm asking instead of the trouble go to bank or post office where they "tak layan", why not take around 5k or more and try it at PNB office?

If I were you, I go to other bank.

Or

You could go to Pos Office to register. Heard a lot of people successfully open their account there.

My case is different.. I'm Indian convert to muslim. I've made call to PNB office asking them about the possibilities to open ASB in post office or bank. According to their helpdesk, it is easier for me to straight come to HQ as they afraid that post office or bank don't know the procedure (since I'm convert and they might asked a lot of documents).

By the way, I've use post office service to top up and update my wife's ASB book without any problem. They never asked or question me about only the person in the book can update the passbook.

This post has been edited by navink: Aug 26 2013, 02:07 PM

Then go to their HQ.

But it shouldn't be a problem if you go to the Post Office.

I've tried to open my ASB account in the nearest branch for like 5-6 times but failed. Then I went to another branch that is far from my place and finally open my ASB account. Some bank worker are lazy.

Hi Guys,

Actually which one of the account types return the most?

if I was not mistaken ASN returned 11%++ last year and ASB only 8.95%.

does that mean I should invest more in ASN?

SOS:

http://www.asnb.com.my/asn.htm

http://www.asnb.com.my/asb.htm

This post has been edited by celicaizpower: Aug 26 2013, 02:09 PM

This is one of the fine example why the PNB helpdesk asked me to straight come to HQ. If I go to Post Office also don't know they allow me to open or not because of my look and they might just say I have fake documents.. Lol..

But year 2011 shows a low return.

yeah I agree, but see the year before that... 18%++ bro... huhuhu...

ASN declared a dividend of 6.3% per unit last year...however, ASN is a variable price...the 11.++% is based on total return...that mean, there is a price increased of around 5% for ASN...you should see the 2010 total return...18.++% whoa......

ASN = variable pricing
ASB = fixed pricing
It depends on yo risk tolerance

How about year before 2010? What's the return? >10%?

2008 - (34.04%)
2009 - 43.41%..

source :ASNB annual report...

there is risk and reward there

Based on my previous experience, very hard to get asw2020 after the dividend payment. Why? because a lot of people with the same thinking "others would withdraw" mentality would Q or wait the whole day "trying". also don't forget the "background transaction" activity.

if i put big amount into ASB/AS1M in one shot, LHDN will look after me? say 100k or 500k..

Anything above 50k would trigger automatic "background" check, which I don't like