well, there are some people who say different bank offer different services.

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Added on October 29, 2012, 9:59 amok, so how to view ASB account? coz Im gonna open my ASB account through CIMB this afternoon

This post has been edited by Leo the Lion: Oct 29 2012, 09:59 AM

Temporarily, you can only check your current ASB account or withdraw it through bank branches, ASNB offices or ASNB agents only.

If i were you, I will max out my ASB through financing loans and enjoy the compounding returns and focus on other investment.

This post has been edited by adolph: Oct 29 2012, 10:07 AM

erm, how does using financing loan give u profits than using your own money? Kinda confuse here

I'm not really sure about that, I can't enjoy ASB because I'm non-bumi and not wish to give an opinion that I don't have knowledge on it. The early you invest, the early you will enjoy compounding return.
I guess you know the meaning of compounding, right. Take advantage of the ASB loan available, to achieve compounding return.

One thing is sure, ASB loan only can fully withdraw after 25 year to get the principle amount, let say you took ASB loan for 25 year or through personal loan, which can withdraw at anytime but the return from ASB must be 7% - 8% average to enjoy the interest. No worry, ASB always give persistent return on the past, but no guarantee in the future.

Example of past ASB dividend return,
http://1-million-dollar-blog.com/dividends...ham-bumiputera/

However, this question has similar thread, please refer more.
http://forum.lowyat.net/topic/667676/all
http://abcmoneywise.blogspot.com/2010/03/a...t-worth-it.html

It should be goes,
ASB dividend return should be higher than loan repayment interest, then you will earn. if in the unnecessarily moment, don't withdraw the interest you earned so that it will be re-invest and accumulate. Correct me If i'm wrong.

This post has been edited by adolph: Oct 29 2012, 11:14 AM

seems straightforward... if nothing hidden then its no brainer. but have to make sure can pay the loan consistently. read that somewhere bankruptcy among malay teens are quite high, dont know if this is one of the factors contributing to it...

in short, make sure you are able to service the loan

Did i say no hidden? or you add it yourself?
For ASB loan financing, you don't have to paid all the year for loan repayment. but still better than investing my money into excessive sales charge fund, that's not my cup of tea. I'm pretty sure not all of them are stupid, to get loan that unable to paid later.

Just forgot there is a small charge impose not more than 1% of management fee and trustee fees.

Info,
http://www.asnb.com.my/english/ASB%20n%20ASN.pdf

This post has been edited by adolph: Oct 29 2012, 05:09 PM

sorry i didnt suggest no hidden fee. the fact is i dont know much about this whole thing of using loan to invest in asb. i merely said if there are no fishy T&C and that it really is as straightforward then by all means, one should go for it...

i googled it just now and the general idea is that its worth considering, but one have to make sure the loan side is tackled accordingly. apparently there is another way which is to repay the bank loan using interest from ASB itself, i'll leave that to some other sifu who can better elaborate

sorry if i misled anyone. the topic of investing cannot play play one

hi, sorry if im asking a stupid question.

what will happen if i maximize my asb loan RM200k.
if i didnt withdraw the interest, will the next interest let say 7% will include only initial or initial + last year interest?

interest will be add on and your money will grow more than 200K

hai , may i know anyone here success in add unit for ASM via internet banking?

Firstly , you need to say your races, because this company limit quota of percentage to certain races.
If you're Bumi, likelihood of top up will be successful.
At the moment, ASM (for all Malaysian), ASW 2020 (Bumi and Non Bumi) and AS 1Malaysia (for Chinese, Indian and Others) unit allocations have been fully subscribed.

Add unit is depend on on any existing unit holders withdrawal. any existing withdrawal always fully subscribed in just a moment.

This post has been edited by adolph: Nov 1 2012, 08:42 PM

long queue in the waiting. in the meantime, while waiting for opening in these scheme, one can and should look around for private investment companies. some people waited years for a few units, which is not worth it. its easy to forget that time wasted, and the potential growth of your money wasted.

This post has been edited by doneright: Nov 2 2012, 09:13 AM

Nobody force you to join this scheme, if you don't like it, go ahead. go invest in your mutual fund company. and you could stop promoting your mutual fund. Your smell is so obvious, this topic only for PNB fund. This is not your first time keep telling people in this thread about PNB return smell curious, unable to paid the loan, and etc that not about this thread.
Please read the topic of this forum before starts your words, if you telling this in the fixed deposit thread, you posted something familiar to this, I'm sure people will against you.

If you want to start your private companies investment, go make a new topic or fund investment corner.
This topic only for PNB fund exclusively.

This post has been edited by adolph: Nov 2 2012, 09:27 AM

hello adolph
i am aware this is a topic exclusively for PNB funds. but this is NOT a topic to PROMOTE PNB fund, am i correct? can you point out whether there is any point in my post that is invalid or misleading? as far as i know, i choose my words carefully and i speak the truth. may you kindly point out my faults? i would be happy to correct them and learn like every one else. why cant i also contribute and learn like everyone else? is my profession a sin or prohibit me from voicing my own views and questions?

is this a thread exclusive to praise PNB? if there are anything fishy about the 'company', should anyone point it out or keep it to themselves? i observe the thread and i see genuine people with honest intention to invest and protect their money. this is what matters to everyone. am i wrong to say that, rather than to wait for an opening, which you and me dont know when, a person can and should consider other means of investment, a wrong and misleading suggestion?

i am aware and salute you for your contribution towards investment in general. i know you have been contributing a lot. and the way you said it is as if mutual funds are evil and bad. i am indeed confused by your view because you do seem mature and knowledgeable enough to know and tell otherwise

in case you need a reminder:

quote first page of thread:


have a good day and happy investing. i wish you well

The way i say mutual fund is bad and evil? there is no term such as mutual fund is bad, more technically. I do not invest in mutual fund which an excessive sales charge is imposed doesn't mean it a bad. Am i right?

And you can stop promote your fund privately to me or anything related in my message. Please read back your previous comment from the start you enter into this room, all your thread have a link that, if you think PNB is not worth to queue. then, please go ahead with any private companies fund, other than PNB, please behave and don't say anything outside than PNB, this thread only opened for PNB. such as, invest in public companies, taking loan and etc. The moment, you talk your fund with me, you shown that you're new to your mutual fund companies, probably you could not felt that.

Can you point out, just check your previous comment. which is people think of it, is totally invalid for PNB funds. you still don't understand, isn't. Please next time. anything not related, do not talk "crap" about it. other than that, I'm sure everyone is welcome about it. If you have any question, and would like to stop the public from looking for PNB fund and invest in private company, go make your own topic, i seem that your thread is not even about PNB, only negative as usual. I understood that investment come with pro and cons. but it seem, that you probably not investing about this fund, since you never talk about it rather than other funds outside PNB.

Your suggestion is totally not helpful, we are focusing on PNB fund, not anything not related to PNB, if you think putting money inside PNB is wrong, then go ahead put your money in other funds. can you show me which thread reply is about PNB from the first time? not even one of it.

We're sharing information, what you mean about contribution. nobody cared, we're here for exchanging information about certain topic regard our personal view. other than that, please take it out or talk it in other topic.

This post has been edited by adolph: Nov 2 2012, 01:16 PM

you know what, i cant finish reading your reply the first time i read it. i felt it was so rude and uncalled for.

am i talking to the same adolph that i message via pm? i dont know i hurt your feelings, and i dont remember doing anything to offend you until you are able to utter such words in an open forum.

this is an open forum, not a thread to praise PNB funds. this is a thread to discuss PNB funds, good or not, let readers decide. i never push or force anyone to do anything. why are you critisizing me while everyone else also provide their view and suggestions? why is it wrong that i provide mine? can you give a valid reason?

then please elaborate further because i would also like to know why PNB funds are so worth the queue. that way, you can stop shooting blind and perhaps give me some reasons why i should hold my 100k and wait for a few units of fund to be available. no matter what my profession is, i speak like any other who wish to invest my money and i wish to know more about PNB funds

please provide more useful info as i am very interested to invest in PNB funds.

then, glad.
Hope no more topic that consider not about this thread. i do not see what question you want to ask, since you never write anything rather than replied. then, i consider you know about it. normally, i provide information regarding to some statues.

Rude? how about your reply, I thought you're understood about what you're trying to do and will not do it again. but again and again, seem nothing. i'm not replying doesn't anything. yes, i understood that not all bankers or agents are bad, and some are really smart. but of course, not all of them. asking public to live belong their mean and live happily forever, not expand their means. don't wrong me, I'm also a salesman, i do not hate salesman, just some of them used wrong way to convey message.
I'm really welcomed anything about PNB, or proper way, as long it stay inside this topic.

I'm not agent for PNB fund. so, just sharing personal info, but right now. all non-bumi is full, if you're born sarawak or sabah, mix with other race, then it applicable and eligible to invest such as Amanah Saham Bumiputera ( ASB), ASD and other funds.

I will updated any information in the future, if i received any internal info.

This post has been edited by adolph: Nov 2 2012, 03:32 PM

Hi, it is worth for a try over the counter (Online for ASM, no way). I have added a few thousand in the last few months. Amount not big, but can accumulate slowly since it is a 5-6% return with principle money protected. After all, it is my 6-month contingency money, which i usually put in FD.

Quite troublesome, always need to go bank and try luck. And sometimes after uplifted FD at home, then go bank said no units, then money sit at savings again.