It's CLEARLY mention bumiputera. So, obviously will be asb asn asn2 asd

my questioned is how it being allocated to these funds

gomen always favor bumpi more.

I heard that there are news saying that PNB would form a new system whereby non-bumi might not be able to try their luck over the counter next year..

Have you guys heard of anything as such?

heard there's new online system next year for buying ASNB funds.

that's all I heard.

If have available units, how to buy?

swiped too much credit card for genting..

So management fees those shouldn't charge or suddenly hidden charge and accumulate interest on my account right ? lol

This post has been edited by bumble_b33: Nov 24 2014, 08:17 PM

Not sure with that.. The system will be announced in January 2015..

Yape, that is also what i know as well..

Somehow, we are not sure on how this online system would affect our chance as non bumi to try our luck over the counter..

no need to wait for new system next year.
buy what we can get now. Anybody got some today?

Wanted to buy but no bullets.. lol...

sorry if this question has been asked before,

if i put max rm200k in my asb,
let say first dividen is 8%, then my money will become 216 000,

but for 2nd year, if the dividen is 8%,
will it multiply by 216 000 or 200 000

tq

216k assume no withdrawal

The 2nd year dividend will be calculated based on 216k; and without sounding condescending, you may want to read on compounding interest (just google it).

The maximum limit for your own ASB account would increase as your dividend increases. If I am not mistaken, the limit stays as high even after withdrawing a portion of the funds.

They're on social media now. Why not ask them directly rather than speculate

thanks for the information, and untill what limit ? infiniti ? let say somehow i managed to invest without withdraw for 100 years ( if im still alive) that mean i will get 1.08^100 x 200 000 = RM 439 mill ?

Ill be honest, Ive never been asked that question before, nor have I heard if there was any hard limit on it. But have you considered any other investment schemes that don't have any limit at all? At 8% p.a it's not exactly the best performing funds out there.

This post has been edited by wild_card_my: Nov 25 2014, 09:52 AM

That is correct.

risk appetite and concerns on future volatile market makes ASNB one of the desirable investments.

True, but with the limit of RM200k per person (not inclusive of the increased limit from dividend growth) means one day you would need to look for other avenues of investments anyway. Market volatility can be managed by a divestment when the time is right. Not to mention that even in the past 10 years and with a consistent return of 8.5~% per annum, there are many funds that out-performed ASB handily. Perhaps I should note that I am referring to ASB as a whole and not the other funds managed by ASNB.

Now have ever wondered how ASB has been able to give a consistent return in the past few decades? Take note that they have been able to consistently give dividends during the good as well as the bad times. It says a lot that they are probably keeping reserves during the good time, which explains the low returns of 8.5% when other funds are giving much more than that and on the other hand, used the reserves to give 8.5% during the bad times when other funds are giving negative returns.

But sure, if your investment scope stays within 5 years. the ASNB funds may be the better choice. But for most who are preparing for their retirements, there are many other (not necessarily better) avenues of investments.

This post has been edited by wild_card_my: Nov 25 2014, 01:53 PM