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

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Petre
post Sep 26 2012, 02:43 PM

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money dont suddenly come fly from nowhere. dividend 20%? since when the gov so generous? did they strike toto or something?

something fishy with the gov. is it anything new?
Petre
post Nov 9 2012, 11:50 PM

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QUOTE(mytaffeta @ Nov 9 2012, 11:00 PM)
most of my emergency fund placed in AS1M, that's the main reason why i opt for PNB fund (which fund that NAV is fixed).. while the money wait for my emergency case (touch wood not happen), it also help to bring back some money to me..  icon_rolleyes.gif
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lucky you. if possible, i also want to put my emergency fund that way. not all are as lucky as you smile.gif
Petre
post Dec 17 2012, 12:27 AM

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QUOTE(zaphod42 @ Dec 14 2012, 12:22 PM)
Muslim bros investing in the above, one quick question , is investing in AS1M/ASM/ASW2020/ASN/ASB Halal ?

Heard somewhere that guaranteed profits is haram in Islam ?
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regarding the issue about halal haram

ASB/ASN HARAM – JABATAN MUFTI NEGERI SELANGOR

user posted image
Petre
post Dec 17 2012, 09:43 AM

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QUOTE(hishamh @ Dec 17 2012, 12:46 AM)
The ruling by the National Fatwa Council is harus:

http://www.e-fatwa.gov.my/fatwa-kebangsaan...dan-seumpamanya

Selangor is one of only 2-3 states to disagree. Moreover, PNB is working towards making all its funds fully syariah compliant (they're very close to compliance now) - IIRC the target date is about 2015.
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yup, as at 12 Apr, 2011, still not halal smile.gif
Petre
post Dec 24 2012, 05:13 PM

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QUOTE(herojack41 @ Dec 24 2012, 03:19 PM)
Still dont understand how?
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there are many funds out there that you can buy, not necessarily amanah saham. buying amanah saham is easy. you can get more info by spending a few minutes at the bank, and they can tell you all you want to know. i suggest you go to the bank and ask the staff personally. clear all your doubt at one go smile.gif
Petre
post Jan 12 2013, 09:20 PM

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QUOTE(hader777 @ Jan 12 2013, 03:57 PM)
I dont understand, if ASB gives you 6-7% stable return per year compared to FD return of just 3% or risky mutual funds why everyone not crazy investing in ASB?

What are the disadvantages??
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because not all ppl are confident with PNB, not all people trust PNB and not all ppl trust the government.

also there are a lot of similar investment that can give similar or better return smile.gif
Petre
post Jan 18 2013, 09:04 AM

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QUOTE(adolph @ Jan 17 2013, 01:16 PM)
Ruben7389,

Frankly, this is my first time heard about this, are you sure this Amanah Saham Malaysia (ASM) can be invest into EPF account or ASM investment services berhad, because based on their website, the only fixed funds which can be invest into EPF is only AS1M funds.
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i think Ruben is asking about using EPF to invest into ASM?
Petre
post Jan 18 2013, 02:15 PM

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QUOTE(adolph @ Jan 18 2013, 01:28 PM)
Petre,

Yes, but he claimed that someone told him EPF can be invest into ASM. For the info, ASM already fully subscribed either to Bumi races.
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yup, interested to know what actually happened biggrin.gif
as far as i know, EPF is very strict about withdrawing money, they dont simply let you withdraw laugh.gif
Petre
post Jan 21 2013, 02:58 PM

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QUOTE(cybermaster98 @ Jan 21 2013, 08:07 AM)
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.
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its a thin line, but to some, these people are playing with fire...

anyway risk is manageable, many invest in asm n such believe that risk is non existent, which i think, well... God bless them.
Petre
post Jan 29 2013, 02:28 PM

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QUOTE(HJebat @ Jan 24 2013, 10:22 PM)
What if them don't believe in God? Can still be blessed? tongue.gif

Ok, stupid joke aside, out of curiosity...do you invest in ASM/ASW/AS1M or any other PNB's products?
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no i dont biggrin.gif

QUOTE(guy3288 @ Jan 26 2013, 04:01 PM)
I doubt this is so, everytime when the PNB amanah Saham Wawasan2020 etc is open to public, i see such a long queu, and when it comes to your turn, no more units left for you to buy.

If really there is such  a case as nobody want to buy it(ASM,ASB)- it  is the bumiputera category. If you ask me why bumi category always got balance not sold out, i dont agree that it is the bumi people dont have confidence in PNB or they have better options to buy that can make more money.

ASM, ASW2020 etc pays out 6% or more every year. Everybody (nonbumi) is all waitimng to grab, dont believe, just wait for next public opening.

How do you come to conclusion people no confidence in PNB?
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yup, agree with what you said bro, people can q days if they are presented with a hope that they can get units. have seen this and know of people who want PNB funds so bad they are wiling to put 100-200k in FD waiting for ASM biggrin.gif

so i cant and didnt try to suggest that people dont have confidence in PNB, because this is fact that there are many who have 110% confidence in PNB although when asked what is the basis of their confidence, they can only say: its government. yet they vote for the opposition rolleyes.gif

of course, its misconception or miseducation, its a long and rather sensitive topic to some. those who know of similar funds will avoid PNB funds, but the general public will buy PNB units simply because they trust the government. the market is full of similar funds that can provide equal if not better returns compared to PNB funds, althoug i must say ASB and ASN are quite competitive. but we all know its exclusive

QUOTE(natzakaria @ Jan 26 2013, 06:42 PM)
His own theory
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yes you are right. this is my own opinion and i urge anyone who are interested in my statements to make their own research smile.gif

This post has been edited by Petre: Jan 29 2013, 02:30 PM
Petre
post Jan 31 2013, 11:55 AM

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QUOTE(Zen-X @ Jan 27 2013, 12:15 PM)
as the bolded part, is it true that ASB does not conform to Shariah policy?
Been wondering for quite some times about that..

Hope to get clarification here  smile.gif
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QUOTE(nurazwanzainor @ Jan 31 2013, 11:46 AM)
curious also.. rclxms.gif
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google it and can find easily smile.gif
Petre
post Mar 11 2013, 11:45 AM

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QUOTE(titanic_crash @ Mar 10 2013, 04:21 PM)
not the bank giving free money...its more like u borrow money from the bank...and u get the dividend asb based on the money that u wborrow from the bank...

profit or not?it depend on how you manage it
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thought with ASB you can almost always say - sure profit biggrin.gif
Petre
post Apr 17 2013, 05:06 PM

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QUOTE(doneright @ Apr 17 2013, 02:00 PM)
how to save PNB? no overnight miracle. it will take years of smart investing for PNB to repair itself...
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QUOTE(cheahcw2003 @ Apr 17 2013, 03:28 PM)
If Pakatan takeover, then PNB will change new boss.
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stop the rot smile.gif
Petre
post Jul 22 2013, 08:55 AM

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QUOTE(smartinvestor01 @ Jul 22 2013, 08:47 AM)
I dont think so..

You should take into consideration that insurance savings plan normally comes with protection which would affect your effective rate of return..
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is it best to assume insurance plans, education plans... investment plans... all come best as single thing rather than bundled together?
Petre
post Jul 23 2013, 11:03 PM

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QUOTE(Ancient-XinG- @ Jul 23 2013, 10:26 PM)
Any ASG member here?
I have load of questions!!

What is sale charges?

and i paid 118 for 100 units. If i withdraw 100 units, i only able to got 116 base on the current selling and buying prices. Where is the RM 2 gone?

P/s : i am long term for any PNB product and i am chinese.
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what is ASG?
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