I can't seem to help but see the blame being put on bumi's for not saving in ASB. I think people need to understand that a majority of bumi's are struggling economically just to put food on the table never mind save/invest. I agree

Bumi's have the highest number of people living either at or below the prescribed poverty line in the ratio amongst the races. They also represent the majority of those with the lowest household income both in terms of median and mean scales. This one I'm not sure, but from my personal observation most already above poverty line

When one struggles with rising inflation, depressed wages and high cost of living, even those living in big cities would struggle. And how about those living outside the big cities? When we're in their shoes, the priorities are different. Almost everyone feels the rising cost of living, not only bumi

I'm sure that there are bumi's reading this thread and are feeling just as envious looking at non-bumi's having the opportunity to have funds to save/invest. They would have the same feeling too don't you think? We struggle with our life, save bit by bit, searching for the best ROI & lowest risk to "support" our family. It's not we get "spoon-feed".

And also please stop repeating the same comment over and over again. ASB is an open ended fund and can never be fully taken up unlike the other funds. Even if each and every single Malaysian bumi maxed out their ASB accounts, the fund will still be available. Correct, "open" opportunity forever 

ASB is an open ended fund, it can never be fully subscribed even if cats grow horns hahahahah, Nice one

I can't seem to help but see the blame being put on bumi's for not saving in ASB. I think people need to understand that a majority of bumi's are struggling economically just to put food on the table never mind save/invest.

well, there is always 2-side of a story 

some have the bullets but no target, some have targets but no bullets, some even ignore the target, and those who got the bullets and targets didn't shoot at all

Maybe this one of the reason

some people believe all sort of funny things if religion is included

case example: golden churn butter. the best and most delicious butter in the world. malaysia say haram. i say fark it. i still eated it. it's a mafakin butter. for god's sake
but anyhow, the letter doesn't come from Fatwa Council. And most insiders will know where ASB incomes are generated from... 

some people believe all sort of funny things if religion is included

case example: golden churn butter. the best and most delicious butter in the world. malaysia say haram. i say fark it. i still eated it. it's a mafakin butter. for god's sake
but anyhow, the letter doesn't come from Fatwa Council. And most insiders will know where ASB incomes are generated from...

yup.. if for wawasan 2020, it will fall under non-bumi quota.

Yup. Like ASW2020 & AS1M they all are categorized as non-bumi & are accorded to their race (for AS1M). The Only thing they can invest in ASB while others non-bumi cannot 

At least their are lucky can invest in ASB, while people like me   

I think I somehow understand what you trying to say.

1. Some got money, but don't invest

2. Some already identify the investment but no money

3. Some already know the investment very good, but chose to ignore it

4. Already got the money & identify the investment but No action taken

Your mom ask & you rejected it 

It's too bad, already missed the boat & cannot "catch" it anymore 

U never xpect this will happen
Anyway, life still goes on

i see.. dont worry bro.. since no tongkat.. it makes people more smart to think of ways to get rich. hence getting smarter and smarter..

that time i was still young, and we didn't know it'll be so difficult to top-up.
anyway, like you said, missed the boat and can't catch anymore.

fortunately, i managed to open accounts for my children and for myself under ASM 
never repeat the same mistake 

Yeah... learned the lesson the hard way
so I opened individual accounts for my children and myself when we got the chance to get ASM 

Good, at least you did the right decision for your children by opening ASM.

Lesson learned - when got any opening for new scheme, even no enough money, try buy min rm100 just to get the passbook 

ya... i'll do that.  thanks for the advice.

btw, last time i heard about sukuk. is this similar to all this asnb scheme? but it's just for a short period of time like 3 or 5 years?
or i got the info wrong? please advise? thanks 

it's okay. No problem.

Yup there's sukuk simpanan for 3 years term only. Max 50k for under 55 & 100k for above 55. Guarantee dividend rate of 5%p.a  paid every Q to your bank account. Now already matured. No more the scheme. 

Donno if future got anymore  let's wait for Najib Announcement (IF ANY) 

Yeah, will wait for the next sukuk fund

I'm actually considering SSPN. I know it's launched awhile ago but I haven't made up my mind.
Maybe it's actually a good investment: tax relief and future PTPTN for my children.

But I've invested in UT and i do monthly averaging (is this how u call it?).
Hmm... still thinking still thinking...