Please refer to the first page, it is stated over there or you can go to www.asnb.com.my

asb2 is for bumi who have maxed out asb1,simple as that, i also want to park more than the limit of 200k(own fund) in asb1. This can definitely win the heart of middle class bumi like me

epf return is quite unstable, if you look at the historical return rate from 2000 to 2012. it can fluctuate to as low as 4.25%.

This post has been edited by backspace66: Sep 17 2013, 08:45 AM

theoretically u can invest almost all of your account 1 less minimum mandatory saving. Bear in mind though the smallest amount of investment is MYR1000, and you can only take 20% (each time) out of the amount which exceed this mandatory savings.

This post has been edited by backspace66: Sep 17 2013, 03:40 PM

news regarding asb2


http://www.btimes.com.my/Current_News/BTIM...icle/index_html

this is what i heard, they will open up loan for ASB2. ASB2 is not like ASB, it is not open ended where there is no fund limit. So first come first serves. Don't know how true is this though.

when you think about it , this is just the perfect push for people to invest, since first come first serve. if u late, u dont get anything. it is also perfect for the GOV to get fast fund, since people will rush to it.

This post has been edited by backspace66: Sep 27 2013, 07:15 PM

But if pnb goes bankrupt. It might mean that our country is already in deep s$#@ or bankrupt. So, in this sense , pnb investment is more secure than the other unit trust.

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.

As for ASB you get dividend every january. The divident of course is pro rated, let say you put 100k for 6 months, you will get half of the yearly dividend on that 100K.

It wont matter because pnb hq is in kl. So saturday and sunday wilk be off and the transaction will not be processed.

That is exactly what i meant. U can't complete the transaction without pnb . At least that is what i understand.agent can't complete the transaction without the pnb hq.

I guess no need to speculate anything. Just wait and see. No harm trying

what upgrade you are talking about, it has been discussed many time that the initial limit is 200k. but this is for fresh fund. The divident+intitial 200K is allowed to be compunded without limit.

He might be talking combined asb including wife and children. Every child has a 50k limit.

i think the charge is per succesful transaction.

so many speculation on asnb limit, i believe for the one who already reached the limit, it is so easy to know the answer. If u have reached the limit, you can try to get loan and see whether you get it in the first place. If you are denied, than for certain 200k is the firm limit. easy right....

There is no such thing as choosing to withdraw from your investment or principal. At least never heard of such thing before. But bottom line is dividend is calculated from the balance regardless it is from investment or past dividend

This post has been edited by backspace66: Jan 12 2014, 07:18 PM

I dont mean any disrespect. But this is not even near to the truth. You can withdraw 20% of the amount in account 1 that exceed your minimum account 1 balance(based on age).

On top of that u can withdraw this 20% every 3 months. So for example today u take this 20% then after 3 months from now u can withdraw another 20% and there is nothing stopping you from repeating the step as long as the minimum amount is 1000 ringgit. So theorethically u can withdraw until your axcount 1 left with the minimum amount(based on age) plus 5000 rinngit.

For eg. If your minmum amount is 30k.then u can withdraw every 3 months until you are left with 35k

The table is self explainatory. That amount plus 5k. You can take it out evry 3 months until your account 1 is left with the amount shown above plus 5k.

It is clearly stated 6 figure at 45. If you consider that as young. Than i dont know what to say.lol