One of the biggest misconception for people that invest using ASB loans is that banks will always sell the idea that the returns include bonus as absolute when it certainly isn't. The calculation of ASB bonuses are not as straight forward as dividends and lumping it together to show how 'healthy' the margin is a blatant lie in my humble opinion.

Investors should always understand that interest rates are not static and will always move. Personally, if your margin is less than 3% excluding the bonus, you're not leaving much room to manouver when you're tied down with a long tenure because the OPR will shift given the fact that interest rates are currently very low.

My 2 cents...

unfortunately, i am in that category liao

no credit profile as i never had any loans under my name

it is nice up to a certain time

when u want to buy that 1.5 mil semi detached house, u can't secure a loan
then u want the credit card to go travelling overseas with your family, they rejected your application

true story for the cc... 

based on my bank manager's advice, i took out a 100k loan for a very short 5 year tenure

after 1 yr, now banks are sending me cards w/o my approval. stupid banks. if want to send me cards oso dun send me mc world or visa infinite with just 10k limit... 
anyhow, the 100k i w/drew was placed in AS1M fund, as explained before, for leveraging purposes

now, instead of just earning 8% from ASB, i earn a total of 9.3% for the 100k sum, after deducting the interest rate 

quite some time max liao

defintiely > 200k since all the dividends pile up

i am not too fond of the idea owing anyone's money

If those people (who complained initially) ever read the quote by Buffet in your signature, they wouldn't be in such a predicament eh? hehehehe

Yape, I managed to pump in most of my monies into the AS1M account during the time where everyone is so negative about the fund..

Unfortunately, when the fund first declare the dividend, everyone of the non-bumi rushed in to invest, making it full now..

As for ASW2020, I did not have the account so i dont even have the chance to trial and error at the counter unlike ASM and AS1M which I have the account and can try over the counter..

that's why i feel sad for my fello bumiputra friends

got money, go buy cars, hp and gadgets, holidays, vacations, and other tangible purchases

don't want to invest in AS1M, let alone ASB. others are fighting for the tiny funds left from the non-bumi quota...

look at it from positive side u wont lament.

you will feel blessed instead.

they dont invest, they spend , others got a chance to invest.
everybody wants to be boss who is going to be kuli?

Yape, i dont have the chance to even open the account... Lol... The last time when they launched the additional for subscription for ASW2020, I reached the post office at about 6am.. Well, by the time i reached there, the queue is already frightening.. Haha...

Some of the people bring their fold-able chair, some bring their coffee, newspaper, performing their morning routines over there outside the post office..

I am hoping to have at least a chance to open the account but the chances are very slim. I even went to the ASNB office to ask whether i can try to bank in to open account, but they tell me that i need to have at least an account to enable me to trial and error to deposit monies into the account. No account, no talk.. 

Yesterday (03.07.13) my wife went to maybank to open AS1M and the counter girl mentioned that there is no available unit for non-bumi.

My wife shows the proof that she is Bumi and able to open the acct.

Even the so called Amanah Saham 1Malaysia has Bumiputra quota... how to be 1 Malaysia with racial quota system ?
If the Bumiputera has no money to buy, give other races a chance to prosper.

I have the personal opinion that:
Having a racial quota system is fine as it gives ALL races the chance to invest.
- If there is no racial quota system, all the units will be 'sapu'ed by any economically well off community within matter of hours/days and deprive others (who are equally keen, but simply need the time (to come up with the cash) to invest.
- Everyone wants a piece of the economic cake, just that some communities need to have the hard cash available to buy these units. Eg. The indian quota was only recently filled up second quarter of 2012, it shows that they are very keen to invest, but they only needed a bit more longer time. If there was no racial quota, the indians would be deprived from investing.

Perhaps,PNB may open up to everyone (after a reasonable number of years) when a particular racial quota has not been filled up after a very long time.

I think that AS1M holds to the 1 Malaysia spirit.

Just my opinion!

less than 1k or more than 1k? mind sharing.. hehehehe

i tried topping up as1m using cimb clicks.

did it last nite. money out buy yet status is pending.

how long will they take? if unsuccessful, how long will they refund back?

AS1M better than ASW?