Looking from the other angle, may be more people should go to that bank, to "torture" and overload the unhelpful staff with the ASX purchases! Ha.

Had bad experience with RHB, slow and lousy service. Adding salt to injury, after all the hassles, result = 0.00

So I have been avoiding that bank. BUT the staff has achieved what he wants, less customers troubling him.

Guess I should go back to that RHB to "torture" my friend there.

Cheerio.

So that is why some collect the passbooks and then process them later. Wondered why this operation mode as calling back the customers later is not as efficient as processing the transaction straight away when the customers handed in the passbooks.

At MB that I go to, one staff processes the transaction straight away while the counter next to that collects the passbooks first. I guess it is up to the staff on the methodology.

The weird thing that I noted is, when I go to deposit/withdraw from my saving or FD, I have NOT experienced the poor service that I sometimes see when I go there for the ASX. Any one noted the same thing?

Cheerio.

P/S For those in Sarawak, enjoy your Good Friday break!

Good to know that I am not the only with that view.

Bumi or non bumi?

If bumi, can either go to ASNB/ banks to buy units or purchase via bank's internet platform.

If non bumi, go straight to ASNB/banks and do not collect the RM200 (monopoly joke here).

Cheerio.

Wah, cantik! Don't be too shy to show the x,000,000 in the pages! Ha.

Saw a lot of people carrying the blue ASX book, even some chinese. What is it?

Cheerio.

Sorry, an off the topic question.

Wonder how many politicians invest in ASNB funds. Too small for them?

Cheerio.

For RM 1 million in ASB, the compounded total after 10 yrs at different rates are as below:

7% 1,967,151
8% 2,158,925
9% 2,367,364
10% 2,593,742

Lucky friend of yours and all the best to him! Good that he wants to grow the wealth rather than spending it! Wise move!

Cheerio.

Tried, tried, tried so many times, kalau ada, only the ikan bilis for me.

You sure have the lucky charm with you!

Cheerio.

Managed to get RM100 for ASM this afternoon.

Is El nino season (draught) back now for AS1M & ASW? Not a single purchase for the past few weeks. Ha.

Cheerio.

Like they say, a picture is worth a thousand words (and it tells a better story too!).




After 10 years, your RM5K will be

RM5,803 in saving

RM10,795 in ASB

Which one do you prefer?

Cheerio.

My layman's view/question on ASX's downside is, will it continue its good return if there is a change in the govt?

Don't know whether once you have an ASB account, will that affect your application for assistance from the govt? E.g. BR1M?

Cheerio.

I see, you were referring to the reduction in ASB dividend rate.



Overall, consistently better than saving account and also FD rate (except for 2 yrs during the last financial crisis)!

Cheerio.

P/S I have excluded the ASB bonus in the above. About 1-2% extra p.a.

This post has been edited by plumberly: May 9 2014, 10:21 AM

Good comparison.

But I have my suspicion that the magic hand in there may be removed or reduced with a new govt. E.g., no more special IPO allocation for ASX funds, plus other sure-win deals from the govt.

Of course, ideally one will want the fund managers to do their job with a high return without any hidden/special treatments from other companies/govt.

Just speaking my mind.

Cheerio.

I got an Excel spreadsheet for the calculation in this forum a few weeks ago. Can't remember the page number now. Look back and see.

Cheerio.

Tried my luck this afternoon at ASNB.

KOSONG after waiting for more than 1 hr! Ha.

Mine are usually hundreds rather than your thousands. Why? Why? How? How?

While waiting there noted the following:
* no chinese there except me
* 2 new applications for the ASB (so, extending this to the whole of M'sia, 8 hr * 2 * 17,000 * 20 days = 0.5 million applications for the new ASB)
* quite some work for one to get a new passbook, form to fill etc.

Cheerio.

Managed to get only RM100 ASW today at MB.

I really think El Nino is here now for the common people. For the preferred customers, I think they can still get the thousands or tens of thousands!

Cheerio.

Thanks.

Yes, it is just a metaphor

El Nino - dry, drought season

and currently a "dry" season, not getting much of ASX units (at least for me).

Cheerio.

Giving up so easily? I started late last year, though not very successful with my strikes, my mindset is to try my luck when I have the time. Yes, can be disappointing at times. Don't aim for x amount or y strikes rate. Just get whatever is there.

Better objective, better mindset, peace at heart and mind! Ha.

Cheerio.

Congratulations!

Kosong for me at PM this afternoon. There was a Chinese guy 2 number ahead of me. So, the counter staff told me no more units when my number was called. Unlucky day for me.

Don't quite understand your question.

PM here has 1 or 2 counters for ASNB customers. Get a ticket number and wait.