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

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cheahcw2003
post Mar 7 2012, 11:13 PM

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QUOTE(aeronic @ Mar 7 2012, 05:59 PM)
when i went to check this afternoon no more for chinese only left for indians and bumi
but if i am a bumi  i would not take AS1M until i max out by ASB of 200k
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Good to clarify now, because almost every page of this thread (V2) got ppl ask: Chinese quota still got or not.
with this clarification, hope no more same question ask.....
cheahcw2003
post Mar 12 2012, 12:43 PM

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QUOTE(ronnie @ Mar 12 2012, 12:10 AM)
Very risky....  shocking.gif  whistling.gif
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i have done once. Transfer RM100K from ASW book A, to ASW book B. done by 2 tellers at the same time, same branch.
Book B able to capture RM50K only, the balance RM50K gone with the wind, captured by other branches...seems like every seconds someone standby to deposit
cheahcw2003
post Mar 12 2012, 10:30 PM

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QUOTE(aeronic @ Mar 12 2012, 03:25 PM)
fuyoh which year was this dude? and was it in a bank or ASN office?
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Last year @ Maybank. Location is not the determinant factors if u can get the unit, becoz it is online nationwide.


Added on March 14, 2012, 12:11 pmStatistic from the latest financial report of 2 funds

ASB (for bumi) - there is 10,521 investors owning > RM500K in their accounts, this translated into the average per person RM674,900. If you keep the interest growing without withdrawal, the power of compunded interest will be great even max limit cap at RM200K per person.

AS1M (for all) - there is 891 investors owning > RM500k in their accounts, translate into each of them owning RM1,328,600 in average. Considered good, as there was no individual max limit.

This post has been edited by cheahcw2003: Mar 14 2012, 12:11 PM
cheahcw2003
post Mar 25 2012, 03:52 PM

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QUOTE(frontierzone @ Mar 25 2012, 08:06 AM)
I used to know someone who offered the PNB officers some tips, for exchange they will help you to "reserve" the amount of fund you desire whenever the opportunity arises,
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U dont have to go until the extend of corrupting the staffs to invest the funds for u. There are a lot other good alternatives that can give u good return. WHat u have suggest is not right and i strongly discourage it...

cheahcw2003
post Mar 25 2012, 07:08 PM

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QUOTE(MGM @ Mar 25 2012, 06:53 PM)
Please correct me if I am wrong:

All ASNB funds' (EXCEPT AS1M) dividend are tax exempted from Year Of Assessment 2006 to 2016.

AS1M's dividend is tax exempted from Year Of Assessment 2009 to 2019.

Are these conditions automatically renewed ?
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so far it has been automatically renewed.
cheahcw2003
post Mar 26 2012, 10:23 PM

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QUOTE(MGM @ Mar 26 2012, 01:53 PM)
Non of these PNB funds come close to Bank Rakyat's 20% dividend just annouced.
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u heard Bank Rakyat investment not open for Non Bumi, and u need to be in the wait list, each time can only top up RM5K...
cheahcw2003
post Apr 11 2012, 11:48 AM

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QUOTE(MilesAndMore @ Apr 10 2012, 07:11 PM)
Are you sure that Bumi quota is still available ? Because earlier information suggested that all fixed price funds are fully subscribed (bumi quota).
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I think it was just a rumous, bumi quota is still available for AS1M, but ASW bumi quota is full.
cheahcw2003
post May 6 2012, 04:13 PM

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QUOTE(whyee @ May 6 2012, 01:31 PM)
actually i have this question in mind. lets say these funds declares millions in yearly dividend. but why the fund size never increase, and yet cannot buy new units?
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the funds will growth organically for the reason of dividend reinvested. But there will be no additional fund available for public unless investors withdraw the dividend then create rooms for other investors to top up
cheahcw2003
post May 6 2012, 08:48 PM

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QUOTE(whyee @ May 6 2012, 04:27 PM)
when dividend is reinvested, the following year should have an increased fund size. at least the announced dividend. unless... when some people cash out and the available units are then not sold out. maybe??
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the fund size keep on increasing for ASW2020, it was RM14bil, now it's RM15.15mil due to the dividend reinvested.
cheahcw2003
post May 7 2012, 11:02 PM

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yeah...typo. shd be RM14.0 bil increased to RM15.15bil
cheahcw2003
post May 10 2012, 11:22 AM

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QUOTE(tiramisu83 @ May 9 2012, 04:55 PM)
haha, sure or not? i am so lucky? but i think there still got a possibility to buy in some, but is low i guess
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can always try on 1st day of the month, or 1st day after the declaration of dividend, or b4 the festival seasons where household need to use money.
Higher chance to get
cheahcw2003
post Jun 18 2012, 10:36 PM

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QUOTE(OMG! @ Jun 18 2012, 06:40 PM)
Just wondering what should I do if I lost my 1 Malaysia Amanah Saham book?
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Report lost and replaced in any ASNB Branch.
cheahcw2003
post Jun 20 2012, 09:20 PM

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there is no maturity date for those funds. Only the financial year end and dividend declaration date
cheahcw2003
post Jun 22 2012, 01:50 PM

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QUOTE(davinz18 @ Jun 21 2012, 04:12 PM)
ASD 2012 dividend rate is 6.6 sen.
Based on year 2010 & 2011 trend, ASW2020 & AS1M dividend payout most likely be around 6.6sen brows.gif
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Yeah u r observant. Asw, as1m will tends to follow the same return.
cheahcw2003
post Jun 23 2012, 07:24 PM

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For those who cannot get any of the ASNB funds, may try the following bond funds that offer the similar return:-

user posted image
cheahcw2003
post Jun 24 2012, 09:31 PM

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QUOTE(Rich_Lim @ Jun 24 2012, 03:49 PM)
Pardon if it's silly question, noob here; referin to the bond mentioned above, can we purchase it with cash account in let say maybank investment bank?

After reading the pages abt as1m, don't think it's gonna be easy in getting te accoutrements, let alone units unless keep trying every mth end or festive period, what's yr take? Thanks in advance
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it depends on the funds, take Am Dynamic fund for example, u can buy it with many banks such as OCBC, AM bank, HLB, or online portal like www.fundsupermart.com.my

cheahcw2003
post Jun 25 2012, 12:33 PM

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QUOTE(Rich_Lim @ Jun 24 2012, 11:41 PM)
Hi Cheah, thanks for the tips  nod.gif
Balik topic before kena warming of side track.
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not side tracks, evry 2-3 pages, u will see someone complain cannot get the ASNB units, why put race quota, when open more quota, why not fair, why this why that, instead of do nothing and asking why all the way, why not think outside the box? hope this one of the solutions answered all the many WHYS.
cheahcw2003
post Jul 9 2012, 11:44 PM

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QUOTE(tay @ Jul 9 2012, 02:37 PM)
Hi,
I am new to bond fund, I have few doubts:

1. What is the return from Bond fund? by market price or dividend payment?

2. Bond fund is base on market price buy/sell?

3. Will the Bond fund lower than FD e.g. 4%pa?

4. When market is going to recession, is it the best time to buy Bond fund? e.g. KLCI from 1600 drop to 1400

5. Any lock in period when buy bond fund?
Thank you very much!
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this is not the right thread to answer u this question.
All your questions could be found by googling online.
cheahcw2003
post Jul 17 2012, 07:13 PM

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QUOTE(gark @ Jul 16 2012, 01:09 PM)
LOL have you even bought bonds? Bond earnings are inverse with interest rate, If interest rate goes up, bond prices falls and vice versa. You should buy bond when the interest rate is HIGH, and wait for it to fall to reap multiple earnings both from the interest and the rise of bond prices.

If you plan to hold until maturity, then the interest rate does not matter.  tongue.gif


Added on July 16, 2012, 1:12 pm

Yes the bonds have all risen in prices due to interest rates has been steadily declining not only in Malaysia, but in the world. If interest rates starts to shoot up, the bond value of 280k-290k will drop back to 250K or EVEN LESS if the interest rate EXCEEDS the bond coupon value. Be very very careful on this aspect.  sweat.gif Even if you wait until maturity you will have capital loss as the bond will pay back it's nominal-value which is 250K when launched.  wink.gif

To buy bond, don't look at the bond price or the coupon value. You need to calculate the yield to maturity %.
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thumbup.gif done a lot of home work b4 replying.
cheahcw2003
post Jul 21 2012, 08:17 PM

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QUOTE(blasto @ Jul 21 2012, 01:32 AM)
Guys is it true max ASB for each kid below age 18 is RM50k max ?
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yes, limit has been increased to 50K for AKaun Remaja

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