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 AS1M/ASM/ASW2020/ASN/ASB and other PNB funds V3, lending your money to the government

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doneright
post Nov 11 2012, 01:42 PM

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QUOTE(frontierzone @ Nov 11 2012, 01:31 PM)
From my view, the only way PNB can prevent bank tellers from being 'syndicates' to top up own account etc, is if they open up the PNB subscription via online for all funds (full or not full), instead of only opening up those where the racial quota has not filled up only. For the full funds, it will be a fair 'bidding' among everyone across the country, as anyone can check through their online banking account at any moment instead of relying on bank agents for unit availability. Everyone has equal chance to try their luck, without the barrier of commuting to banks, and subjected to banking queues and biased/unhelpful bank tellers.
*
everybody is just trying to cari makan, hard to blame them. as long as this thing does not affect PNB, dont see how they will prevent this

regarding online thing... many auntie uncle also dont know how to use the internet, let alone topping up via internet. they will pengsan if one wants to teach them. in the end, the same thing will continue, i think even worse - now anyone can offer to do it for them. imagine the money being swallowed by a conman who claims to be helping them

some may say PNB can open itself up to become open ended fund. that is even worse than the current situation. that will be the beginning of the final chapter. money will flow out from innocent malaysians into the black hole non stop
adolph
post Nov 11 2012, 01:42 PM

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QUOTE(doneright @ Nov 11 2012, 01:16 PM)
the timing is up to member. in short, member cannot touch the money, just some figures being transfered from epf to approved company and vice versa
*
My meaning cannot redeem, mean cannot touch or take la.
doneright
post Nov 11 2012, 01:46 PM

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QUOTE(adolph @ Nov 11 2012, 01:42 PM)
My meaning cannot redeem, mean cannot touch or take la.
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QUOTE
You cannot redeem the income distribution, the income will be re-invest. All the invested amount from EPF to ASNB fund will be transfer back to your EPF Account one.



you didnt state it clear enough. income dist. reinvest to where? back to ASNB or back to epf?
adolph
post Nov 11 2012, 02:01 PM

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QUOTE(doneright @ Nov 11 2012, 01:46 PM)
you didnt state it clear enough. income dist. reinvest to where? back to ASNB or back to epf?
*
Excuse me, do i really need to explain everything from initial to the end, of course it will re-invest in your fund, let say you're investing it in Amanah Saham Didik (ASD), if already fully subscribed, back to your EPF account 1 la.
I had provided the link since the beginning, oh gosh.

What you do not understand again, if i given the link, please check it first.

This post has been edited by adolph: Nov 11 2012, 02:03 PM
doneright
post Nov 11 2012, 02:04 PM

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QUOTE(adolph @ Nov 11 2012, 02:01 PM)
Excuse me, do i really need to explain everything from initial to the end, of course it will re-invest in your fund, let say you're investing it in Amanah Saham Didik (ASD), if already fully subscribed, back to your EPF account 1 la.
I had provided the link since the beginning, oh gosh.

What you do not understand again, if i given the link, please check it first.
*
the way you structured you sentences are a bit blur, but maybe its just me.

whats wrong with clarifying? hmm.gif
adolph
post Nov 11 2012, 02:08 PM

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QUOTE(doneright @ Nov 11 2012, 02:04 PM)
the way you structured you sentences are a bit blur, but maybe its just me.

whats wrong with clarifying?  hmm.gif
*
I didn't say it wrong,but at least, please open the link that provided first.
I already gave the link, mean the info will be found on that page.
doneright
post Nov 11 2012, 02:25 PM

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QUOTE(adolph @ Nov 11 2012, 02:08 PM)
I didn't say it wrong,but at least, please open the link that provided first.
I already gave the link, mean the info will be found on that page.
*
this is what i found:

Q4 Can I redeem this investment?
Yes, you may redeem this investment. However, the redemption amount plus income distribution and capital appreciation (if any) will be paid to EPF and to be credited into your EPF Account 1.


Q5 Can I redeem the income distribution of this investment?
No, you may not redeem the amount. The income distribution will be re-invested as additional units of the funds, subject to availability of the units of the funds. If the units of the funds are fully subscribed, the distribution amount will be paid to EPF and to be credited into your EPF Account 1.
amalthea
post Nov 11 2012, 05:25 PM

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QUOTE(doneright @ Nov 11 2012, 01:18 PM)
indeed i think the same. the option to invest account1 money should be utilized first and foremost to make enable a member to regain some control and ownership of their own money, just in case **f go... erm... biggrin.gif
*
+1

QUOTE(frontierzone @ Nov 11 2012, 01:31 PM)
From my view, the only way PNB can prevent bank tellers from being 'syndicates' to top up own account etc, is if they open up the PNB subscription via online for all funds (full or not full), instead of only opening up those where the racial quota has not filled up only. For the full funds, it will be a fair 'bidding' among everyone across the country, as anyone can check through their online banking account at any moment instead of relying on bank agents for unit availability. Everyone has equal chance to try their luck, without the barrier of commuting to banks, and subjected to banking queues and biased/unhelpful bank tellers.
*
+1

QUOTE(doneright @ Nov 11 2012, 01:42 PM)
everybody is just trying to cari makan, hard to blame them. as long as this thing does not affect PNB, dont see how they will prevent this

regarding online thing... many auntie uncle also dont know how to use the internet, let alone topping up via internet. they will pengsan if one wants to teach them. in the end, the same thing will continue, i think even worse - now anyone can offer to do it for them. imagine the money being swallowed by a conman who claims to be helping them

some may say PNB can open itself up to become open ended fund. that is even worse than the current situation. that will be the beginning of the final chapter. money will flow out from innocent malaysians into the black hole non stop
*
agree with 1st part
2nd part, well too bad, uncle and aunty need to know how to go online kau lui
we are living a racist country where ASB/9% is only available for bumi
so the non bumi people cannot be spoonfed anymore and let our slim chance be sapu by syndicates
we cannot risk this just for those few unkers and ah sows who do not know how to get online
i agree with frontierzone that they should be full online topup ONLY facilities
nowadays even Floresta they have online booking to prevent idiot aunties who wake up at 4am and cause chaos on first day of launch


Added on November 11, 2012, 5:27 pm
QUOTE(adolph @ Nov 11 2012, 02:08 PM)
I didn't say it wrong,but at least, please open the link that provided first.
I already gave the link, mean the info will be found on that page.
*
you doneright and adolph
why always fight
both of u ladies make love, not war

This post has been edited by amalthea: Nov 11 2012, 05:27 PM
abitnuts
post Nov 12 2012, 12:11 AM

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the bank tellers charge how much?

Seems kind of a rip-off:$:. First you work hard and save money. Then you work hard to put into AS. Then you work hard to top up...but bank tellers taking under table service charge or syndicates are involved.

I don't think I trust the bank tellers. If they are working with the syndicates...who knows when they start robbing people at their homes just to get easy money.
amalthea
post Nov 12 2012, 07:40 AM

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QUOTE(abitnuts @ Nov 12 2012, 12:11 AM)
the bank tellers charge how much?

Seems kind of a rip-off:$:.  First you work hard and save money.  Then you work hard to put into AS.  Then you work hard to top up...but bank tellers taking under table service charge or syndicates are involved. 

I don't think I trust the bank tellers.  If they are working with the syndicates...who knows when they start robbing people at their homes just to get easy money.
*
tellers asking under table service charge from customers?
no that is a very serious crime and you could be jailed
i have never heard of that happening and you must have misunderstood
malaysia is not indonesia yet

we were only talking about tellers quickly taking up available units for themselves or others hmmm 3rd party who may reward them but not from YOU
doneright
post Nov 12 2012, 09:34 AM

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under table things happen in many things

in small towns, these 'investors' and teller could be close friends, young ppl to some uncle auntie, just a small little kopi o reward for helping them out. it all seems innocent, no one's complaining as all parties are happy

not all are concerned about corruption or misconduct. not all people give a damn about which party is in office. life goes on in these small peaceful towns.

This post has been edited by doneright: Nov 12 2012, 09:35 AM
adolph
post Nov 12 2012, 10:35 AM

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QUOTE(smsbusiness2u @ Nov 12 2012, 10:07 AM)
please take note that it is limit to withdraw from asnb fund as below
CIMB Bank = RM50,000/day/account
Maybank = RM20,000/day/account
Pos Office = RM10,000/day/account
*
Can I have the link for the info provided?
Then, how about ASNB ? should be full withdrawal, isn't?
cheahcw2003
post Nov 12 2012, 12:27 PM

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QUOTE(smsbusiness2u @ Nov 12 2012, 10:07 AM)
please take note that it is limit to withdraw from asnb fund as below
CIMB Bank = RM50,000/day/account
Maybank = RM20,000/day/account
Pos Office = RM10,000/day/account
*
U r referring to the cash withdrawals, this is imposed so that the banks can manage their cash liquidity efficiently.
If u have an account with the agent bank and want to make big amount withdrawal, u can always transfer the balance from ASNB funds to your saving/current account and then issue out cheques/ bankers cheques.
mytaffeta
post Nov 12 2012, 05:37 PM

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QUOTE(adolph @ Nov 12 2012, 10:35 AM)
Can I have the link for the info provided?
Then, how about ASNB ? should be full withdrawal, isn't?
*
If withdrawal from ASNB branch, max is 10k.. They posted that at each of their counter..
abitnuts
post Nov 12 2012, 07:01 PM

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QUOTE(amalthea @ Nov 12 2012, 07:40 AM)
tellers asking under table service charge from customers?
no that is a very serious crime and you could be jailed
i have never heard of that happening and you must have misunderstood
malaysia is not indonesia yet

we were only talking about tellers quickly taking up available units for themselves or others hmmm 3rd party who may reward them but not from YOU
*
thanks for the correction.
ccmd
post Nov 12 2012, 07:26 PM

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QUOTE(mytaffeta @ Nov 12 2012, 05:37 PM)
If withdrawal from ASNB branch, max is 10k.. They posted that at each of their counter..
*
Isn't 10K limit for cash withdrawal only? I think they issue cheques for amount bigger than 10K
adolph
post Nov 12 2012, 08:28 PM

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QUOTE(ccmd @ Nov 12 2012, 07:26 PM)
Isn't 10K limit for cash withdrawal only? I think they issue cheques for amount bigger than 10K
*
that what i'm thinking too, because let say, if a person have more than 200,000 units,
then, he or she need to make a withdrawal for 20 days to get his / her full lump slump blink.gif
cheahcw2003
post Nov 13 2012, 11:07 AM

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QUOTE(ccmd @ Nov 12 2012, 07:26 PM)
Isn't 10K limit for cash withdrawal only? I think they issue cheques for amount bigger than 10K
*
yes as i mentioned.
adolph
post Nov 13 2012, 02:14 PM

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SKIM AMANAH SAHAM NASIONAL,
launched since 20 April 1981 till today,

As stated in "Laporan Interim 2012", there are 1.48 billion subscriber for 1.2 million investor, a number of 186 member hold more than 500,000 units in their accounts. blink.gif
And also, the largest holder for variable fund price in ASNB.

Do anyone know how much the initial fund price since commencement?
the price per NAV is 0.8932 per units today, not calculated by 5% sales charge.


Added on November 14, 2012, 1:17 pm
In 1981, Pemodalan Nasional Berhad launched the first national Bumiputra called Amanah Saham Nasional (ASN) which was sold at the opening price of RM1.00 per units as fixed price and later convert to fluctuation fund which mean, an equal to possibility of appreciation and depreciation start 1991 onward.

This post has been edited by adolph: Nov 14 2012, 10:28 PM
cheahcw2003
post Nov 15 2012, 11:43 PM

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user posted image

ASW2020 new report is out at ASNB website.
Based on the investors who invested more than RM50K, it shows that 5% of the total investors in this fund own 70% of the total ASW2020 fund size.

Interesting Finding.

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