m2u and cimbclicks



AS1M bumi allocations still available

even ASW2020 too if you go over the counter


from CIMB:



This post has been edited by lucifah: Nov 12 2013, 09:25 PM

or u look like a non bumi that she didn't even bother to try to do the transaction. it happens bro. i have to show the books and tell them directly the bumi quota is still, and always available. only when she saw my name she will start to react

i advise you to read a few pages back. if possible, read from page 1 of this thread to know the pros & cons of ASB financing. only then you decide to commit.

max INITIAL capital investment. when your dividend grows, so does your limit.

yes, they will keep the cert AND also a pre-signed ASB unit selling form from you

this will act as a COLLATERAL to be charged against your loan, should you decide to run away (bad move) or terminate it anytime you want (some penalties apply for early termination for some banks)

you will not get the dividend for that said month.

remember, the dividend is calculated MONTHLY, based on the LOWEST BALANCE of that particular month

there is no minimum. what you saw was their printed brochures



you have to be aware that certain banks are lock in period.

yes, but the interest rate will be marginally higher since the bank has to recoup back their losses

and what is there for you to gain?


lock in period is the minimum number of years you have to keep your loan. this is not the proper thread to discuss the term. i guess you can go around finance threads to learn more about that.

i don't blame them. they serve hundreds of customer everyday.

from what i see (i go to the bank everyday), most of the customers only know how to scold / pinpoint the tellers. i pity them

plus some investors are outright ignorant. a few time i saw a large crowd of people try frantically to update their AS1M book. the funny thing is that it is ASM dividend that was announced the week before, and AS1M dividend has not been announced yet

This post has been edited by lucifah: Nov 12 2013, 09:55 PM

scroll back a few pages. someone did post a spreadsheet calculations to compare both methods.

i scrolled back few pages too, and can't find it. must have wrongly remembered.

either way, i;'ll try do a simulation and post it here when i have time later this weekend

u got it the other way round

mathematically speaking, u earn more with ASB financing

notice the word: mathematically

inflation is about 3% at the moment. just like dividend, it also has compounding effect.

a 100k today may only worth rm 80k in the next 10 years.

remember the compounding effect? it's not linear, but exponential

so a 100k in 20 yrs will be about 40-50k worth only. but of course all that is largely dependent on the country's economy

for the non-bumi subscribale funds like ASW2020, ASM, and AS1M, yes

but for bumi exclusive fund like ASB, no problem.

different people have different priorities.

he is a unique case. same like one of my clients.

they need to give proof that they are technically categrozied as bumiputra

unless you have kept a very high balance for the past 10 years, then just forget about the bonus

for my case, because of my stupidity in my younger years, my bonus is roughly about 3% of my total dividend, which, at best, is less than rm100

you can always convert to islam and be technically eligible for ASB

he is wrong. it is based on whatever balance you have in your account. if you have 1 mil, then your dividend at 8% will be 80k