Those ASM unitholders who fail to do tis week or planning to change new passbook, please do b4 ASB transaction is open. It took me around 25min just to do it   

I overheard the staff talking to another staff that one need to "closed" the current account, open new account, get the new number & transfer the balance unit into the new ASM account. Later need to get confirmation from bank supervisor who have the ASNB code to print the details onto the new passbook 

Sharing what I got on FP ASX capital preservation. A blog says it is. But better wait for the official reply from ASNB. I asked ASNB for my peace of mind. Ha.

"Amanah Saham 1Malaysia was launch in conjunction with 100 days of Sixth Malaysian Prime Minister, Najib Tun Razak in the Prime Minister office on 5th August 2009.  The Fund seeks to provide regular and consistent income stream whilst preserving the unitholders’ investment capital over a long term horizon through a diversified portfolio of investment."

http://1-million-dollar-blog.com/dividends...aham-1malaysia/

if it is a fixed price like ASM, ASW, or AS1M, i dont think it is wrong to say your capital is preserved.

You buy at RM1.00 and the price is always at RM1.00 whenever you wanna sell, how can you lose you capital?

Cannot be compared to FD yes, agree becos FD got PIDM.

i managed to get 1k AS1M yesterday....seems like AS1M is the EASIEST to get for Chinese...

Till now, I still do not have success in opening an account for ASM and ASW2020...anyone (non-bumi) managed to open accounts for these two lately??

btw I only try whenever I am free la and di samping doing other chores at bank...I don't purposely go try every time...very time-consuming

opened by trying/"fishing"
just opened less than 6 months ago...one fine day i was lucky to meet a good counter staff and he tried for me...but before that he said : oh ni susah nak dapat ni...mesti habis langgan punye...i said: bang..try la..tolong...then he tried...and got a good catch haha

closing the year with 25k, it has been a helpful year. yes you need help in asx.
400k in 1 shot , no help , never in my dream it would happen...............
Happy New Year plumberly and evryone!

guys is asb open already today? Or they still counting???

unless one wanna immediately withdraw the dividend and spend it.
otherwise i do not see the reason of the urgency to join the long q just to update the passbook.

money is calling but passbook run away. how ah to do new passbook for ASB? can i do it at cimb/rhb/maybank? or need to go to ASNB branch office and apply new passbok for lost passbook there?

if i need to do it there. how much does it cost? RM1XX?

thanks and happy new year!

Hi All,

I am not sure if any SIFUs here have mentioned this before.
This is regarding ASG (Amanah Saham Gemilang).
Sorry I am very new in this, so Im here to seek some of the sifus here...

Due to cannot get ASN (fix priced funds), I may consider to take up ASG.
Before I take up, I really need more understanding from u all here instead just listened to the bankers. (you know there might be some hidden charges which she/he didnt/forgot to mentioned)

The banker told me variable is based on NAV per units, and it is count by units not by how many RM you would like to invest. Plus there is 5% service charge once you enrol into the ASG.

For example :
ASG-Kesihatan (Price per unit on specific Day1 : RM1.122)
If I want to buy 10,000 units,
RM that I need to pay is : RM1.122 x 10,000 = RM11,220 x 1.05 (5% service charge) =  RM11,781

So after 12-months (lets say dividen out is 7%)
I told the banker, if 7% dividen, if I withdraw after 12-months, which means 7% (dividen) minus 5% (service charge during I start my ASG) = I only get 2 % dividen for the 1st year...
The banker agreed and asked me to consider to invest for long term in order to get higher dividen...
So I am not sure how true it is, can any sifus here clarify?
Is there any hidden charge like Annual service charge per year?

I have few scenarios in mind to ask all sifus here.

SCENARIO 1
NAV (as of 1.1.2015) : RM1.1000
Sales Charge (Non EPF) : 5%
Bought units (as of 1.1.2015 NAV) : 10,000 units

Calculation :
Cash need to pay = 10,000 units x RM1.1 = RM11,000 + 5% = RM11,550

After 1 year investment,
Dividen =  7% per unit,
NAV (as of 1.1.2016) = still at RM1.1

Calculation :
Units = 10,000 x 7% = 10,700 units
Profits = 700 units x RM1.10 NAV (as of 1.1.2016) = RM770
Nett profit = RM770 - RM550 (paid for 5% sales charge paid during purchase) = RM220 only.
--------------------------------------------------------

SCENARIO 2
After 3 years investment, lets say 7% dividen for all 3 years, NAV = RM1.1
1st year = 10,000 x 7% = 10,700 units
2nd year = 10,700 x 7% =  11,449 units
3rd year =  11,449 x 7% =  12,250 unts

Calculation :
Units  = 12,250 units
Profits = 2,250 units x RM1.10 NAV (as of 1.1.2018) = RM2,475.00
Nett profit = RM2,475 - RM550 (paid for 5% sales charge paid during purchase) = RM1,925.

My QUESTIONS :
1) ASG is only worth to be invest for long term in condition NAV price during withdrawal is higher than during purchase/same, am I correct? ~17% profit after 3 years based on above calculations.
2) Lets say, if NAV price bought RM1.10, after 3 years NAV price drop to RM0.50, if withdrawal done I will loss 50% of my capital, am I correct?
3) Is there any annual fees/charges during these 3 years of investment that affect my profits?

Sorry for the long post. I hope some sifus here can guide me as I am newbie.
And sorry too if some terms used above is not appropriate.

TQ!!

pardon my concern, if all non-bumi allotment for as1m is fully subscribed, what is the purpose of this thread? Since we can't buy more anymore.

Sifu,

Can I buy am gemilang?? I m a chinese?

ic....im speaking from my experience...my aunt has the time and money to top up as1m for me. I just wonder that she told me always kena rejected, no stock etc...

i only hold a poor 2k unit in as1m. Want to top up but very very susah...

oh ya....i got authorize her =)

so....any tips to top up myself? I tried posoffice but always many ppl...and when queue my turn...they said cnanot lar~ sob...maybank online faster ma? if yes i go open maybank account. as1m

Hi All,

I am not sure if any SIFUs here have mentioned this before.
This is regarding ASG (Amanah Saham Gemilang).
Sorry I am very new in this, so Im here to seek some of the sifus here...

Due to cannot get ASN (fix priced funds), I may consider to take up ASG.
Before I take up, I really need more understanding from u all here instead just listened to the bankers. (you know there might be some hidden charges which she/he didnt/forgot to mentioned)

The banker told me variable is based on NAV per units, and it is count by units not by how many RM you would like to invest. Plus there is 5% service charge once you enrol into the ASG.

For example :
ASG-Kesihatan (Price per unit on specific Day1 : RM1.122)
If I want to buy 10,000 units,
RM that I need to pay is : RM1.122 x 10,000 = RM11,220 x 1.05 (5% service charge) =  RM11,781

So after 12-months (lets say dividen out is 7%)
I told the banker, if 7% dividen, if I withdraw after 12-months, which means 7% (dividen) minus 5% (service charge during I start my ASG) = I only get 2 % dividen for the 1st year...
The banker agreed and asked me to consider to invest for long term in order to get higher dividen...
So I am not sure how true it is, can any sifus here clarify?
Is there any hidden charge like Annual service charge per year?

I have few scenarios in mind to ask all sifus here.

SCENARIO 1
NAV (as of 1.1.2015) : RM1.1000
Sales Charge (Non EPF) : 5%
Bought units (as of 1.1.2015 NAV) : 10,000 units

Calculation :
Cash need to pay = 10,000 units x RM1.1 = RM11,000 + 5% = RM11,550

After 1 year investment,
Dividen =  7% per unit,
NAV (as of 1.1.2016) = still at RM1.1

Calculation :
Units = 10,000 x 7% = 10,700 units
Profits = 700 units x RM1.10 NAV (as of 1.1.2016) = RM770
Nett profit = RM770 - RM550 (paid for 5% sales charge paid during purchase) = RM220 only.
--------------------------------------------------------

SCENARIO 2
After 3 years investment, lets say 7% dividen for all 3 years, NAV = RM1.1
1st year = 10,000 x 7% = 10,700 units
2nd year = 10,700 x 7% =  11,449 units
3rd year =  11,449 x 7% =  12,250 unts

Calculation :
Units  = 12,250 units
Profits = 2,250 units x RM1.10 NAV (as of 1.1.2018) = RM2,475.00
Nett profit = RM2,475 - RM550 (paid for 5% sales charge paid during purchase) = RM1,925.

My QUESTIONS :
1) ASG is only worth to be invest for long term in condition NAV price during withdrawal is higher than during purchase/same, am I correct? ~17% profit after 3 years based on above calculations.
2) Lets say, if NAV price bought RM1.10, after 3 years NAV price drop to RM0.50, if withdrawal done I will loss 50% of my capital, am I correct?
3) Is there any annual fees/charges during these 3 years of investment that affect my profits?

Sorry for the long post. I hope some sifus here can guide me as I am newbie.
And sorry too if some terms used above is not appropriate.

TQ!!

Hey Ancient-XinG-,

THank you very much for your precious explanation. Now I have the total picture of it after I take times to understand how ASB works which I feel quite complicate at 1st.

I went through the infos from the net and the banker I met previously, I have few questions to ask :

1) There is 5% service charge. (From banker she mentioned this will charge during your purchase the units, but from some site info, it mentioned 5% service charge is on during your cashout time)

Example :
a) I bought 10,000 units (NAV : 1.10) = RM11,000
Actual cash I need to pay = RM11,000 + 5% = RM11,550?
*above is the banker calculation for me if I purchase 10,000 units

b) Based on your calculation example above, cash out amount is RM 13338.58.
From website info, there will be 5% service charge which means,
RM13338.58 - 5% = RM12,671.65 --> This is the exact amount to cash out.

Do you know which one above is correct? 5% applicable during the units purchase OR during cashout the units?

2) Aside from 5%, there are also annual charge + some kind of other tax. Do you have any information on this?

I am not sure how much are these annual, service charge, tax will effect on this ASG investment but I am pretty sure there are quite a big sum.
Hope you can help.

Icic, alright will go and ask again... Thanks bro!

Ok another question :

From the banker and some infos here, there will be no pro-rate dividen distribution.
If that is the case, (lets say the year end for ASG-Kesihatan is March)

I buy 10,000 units on February and I will get the full dividen for 7% and units based on the NAV price that day?
If like this I can cash out all the units after get the dividen, then wait till again next year February to buy units in order to get the dividen?

WHat do you mean by this? Buy more units when the price is low?

When additional buying units after some certain month, there will be no 5% / additional service charge right?