Time gap between Maybank & Post Office?

Good question. About 30 mins later at the PO.

I don't think the one at MB tried hard enough. Maybe she has other customers queuing up, so a quick check.

Yes, I should belanja the lady at the PO. But with what? I do not want to be seem as bribing etc. Ha.

Cheerio.

yup, banks normally don't try too much. Last time when I ask some CIMB staff to "try", she gave some crap excuses that "we cannot try more than 2 times for each fund, if not need to give memo to ASNB office" I like WTF, got such rules exist

Hey guys, how many maximum accounts can i open for ASB ? I have one loan account under my name which is managed and paid by my father every month. im thinking to create another account on my own to start saving to benefit from the high interest instead of fixed deposit account.

u cannot have more than 1 ASB & others ASNB scheme account

An individual can have 1 account oni for each Fund with ASNB

if you key in RM1000 buy and at that point in time only RM500 available, you wasted your chance, the teller tell you no unit available.
your buy "unsuccessful"

If you keyed in RM500 buy and you got it, sure you wanna buy more, thats' why you see the RM500 + 500 +....

Pro and cons for big amount attempt and small amount attempt.

Big amount attempt - less chance to get, for 2 reasons
1)not many people wanna sell what more big amount.
2)Bank teller usually lazy to help you bid repeatedly by reducing your bids again and again. If you start with RM2000, do you think she will try for you 5 x eg failed at RM2000, then try at RM1000, 500, 300, and 100?

the gd thing about it is if you strike, you get to buy a large sum then.


Small amount biddings eg RM100 has better success rate, is easier to get.But if you start at RM2000 bidding,
i doubt the teller actually tries for you at RM100 even though she tells you she had tried.

the bad thing about small amount bidding is even if there is a big amount sell on the other side eg RM20000 , how much can you grab with each attempt at RM100? at most you get to buy 3 or 4 times only, the units would have been all snapped up by then.

For top-up, it depends on strategy, timing n luck

Thanks, guy3288, for the overview. You know the system well.

I take it then if 10 people sell RM500 each at 900 am (total RM5000), I will not be successful if I put in RM5000, or RM2000 or RM1000, right?

Also not successful at RM100?

If no to all the above, why? It is as if it is selling from seller A to buyer B (#1) , the amounts must match, and not seller A to ASNB and then ASNB to buyer B (#2).

If it is #2, then ASNB will accumulate the "sellings" and buyers can buy whatever ASNB has accumulated.

#2 can be good and bad. Good for big buyers like you who will sapu whatever ASNB has accumulated and bad for small ants like me with nothing left. Ha.

Cheerio.

just to make the thing short.
the banker try small amount will please them, in term if when low amount, high chance to got. If high amount, we don get, we will keep demand, they will suffer. When we got even little amount, we will happy with it and not demand it or shy to demand. That's it.

ASNB should "enhance" their system.... Put in amount RM2000 and find best match. Easy job for both parties.

Good Idea, they should do it

Dun think is workable
Some Ppl insist specific amount (i.e. 1k) n they dun want if the amount is lower (i.e. 800)

I have a question regarding ASB Loan.
Lets say i want to borrow ASB loan, is it better to borrow from MBSB which is 3.99% flat rate or Amortised Loan from conventional bank like CIMB, Maybank, RHB?

Which type of loan is cheaper and generate me more return in the long run?




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MBSB got ASB loan? Are u sure?

I mean using the personal loan finance the ASB. Since the interest rate only 3.99% whereas conventional ASB laon is BLR-1.65%. which is 4.95% pa.

But i dont know which want has lower financing cost in the long run. Any1 here know how to count? Thanks

wow using mbsb personal loan to finance ASB, Good Idea

I don't know how to calculate, but looking at the rates mbsb much more better than those conventional one

please don't get yourself confuse between reducing balance and flat rate loan. Rule of thumb is flat ratex1.9=reducing balance rate. In this case 3.99x1.9=7.581 which is definitely higher than 4.95%. ASB loan falls under the reducing balance loan type. So by taking MBSB loan to finance your ASB, you will be at much higher disadvantage since the last few years, ASB interest is only around 7.5%, so effectively you are losing in this case.

The only way you can benefit from MBSB loan is by BLR shooting up another 2.6%. It is your call though since flat rate loan effectively taking out the uncertainty of BLR. Just my 2 cents.

i dont have insider info. but i believe if there are 10 sellers, each selling RM500 all at the same time and you are the first person to bid for RM5000 you will get it.
If your first attempt is bidding only RM2000, you should also get it. I dont think the system requires a perfect seller-buyer match. But i do know you just cant buy direct from that seller as i was standing side by side with a seller over the next counter the other day. It all goes into the system and then we buy from the system. yeah i think the system will pool whatever units sold together and sell whatever units available .

we need luck to bid exactly at the time when there is adequate unit available.

i dont understand what you mean.

For me if i want to buy RM1000, and no 1000units avaialable, and the teller manage to buy RM800 for me, i would be very happy to accept.

i agree with ronnie that ASNB should change the system to sell whatever units available to the buyer rather than the eaxact amount "ordered"
then the teller need to key in only 1 time for each buyer, save energy and time.

This post has been edited by guy3288: Nov 5 2013, 09:25 PM