All 15,492 kids are all bumi??? ASB2 only opened for bumi.

should be because ASB2 only for bumi or muslim non-bumi

wikipedia stated that the program focus on those low income families & lived in Rural or Semi-Urban areas

guys kindly advise

to open ASB2 where is faster & less hassle ? TIA
Maybank, RHB & pejabat pos near my work place ...

Well here's my 2 cents. We'll have to look back as to why PNB/ASNB was setup in the first place. Once one understands that than you would understand how the organisation works and why they continue till this very day to hold a certain "agenda".

PNB/ASNB has been around for more than 30 years (if I'm not mistaken) and I don't think even half of that time were PNB/ASNB funds were available to non-bumi.

Just my 2 cents, just the other side of the coin

Saw this in Wikipedia ...

Amanah Saham 1Malaysia was launched on 31 July 2009 by sixth Malaysian Prime Minister, Dato' Seri Najib Tun Razak with a fund size of 10 Billion. AS1M is open to all Malaysian citizen with a quota of 50% for Bumiputera, 30% Chinese, 15% Indian and 5% others. AS1M has no upper limit on the value of an account, so capital gains which are retained in the account are allowed. Capital gains in AS1M accounts are not subject to taxes until 2019. Dividends are paid each year and put back into the account so that compounding is achieved.

True about the tax from 2019 on wards?

Tax at ASNB level on their capital gain or at our shareholders income level?

Cheerio.

By default, ASNB ofiz will b faster
Anyway, it depends on the crowd during yo visit

ASNB will obtain fresh waiver of tax (at unit holder perspective) from LHDN when 2019 approach

I see.

All ASX follow this tax waiver policy? I did not know this. Thought by default all ASX are tax free for unit holders, like FD interest.

Cheerio.

Yup

Only ASB is tax free aka don't need tax waiver thingy.. Not sure about ASB2

Others funds need to ask for tax waiver & will extend it when the time come

FYI ASW2020 & ASM from 2007 to 2016, AS1M from 2009 to 2018

Hello everyone here..
Yesterday I wen to Maybank to do something and then a staff there inform me something about ASB loan. What I know right now is the settlement is in between 5 to 25 years, ranging 10k to 200k.

Is it good investment using this loan alternative? I want to get as much loan as possible, so what they look to approve this loan? Salary?

Rather quiet here lately.

Managed to get some AS1M & ASW today.

short posting, wanna follow another forummer writing style ah (sampai kena sound by some newbie)

Anyway How Much u got la..

Nowadays, lazy to try.. see a lot people still doing ASB related stuff.. waiting time also quite long

**Deleted**

This post has been edited by Joshua_0718: Jan 22 2015, 08:12 PM

OK, I will try to make it longer this time. Ha.

Went to PM early this week but there were so many cars there I decided to turn back. Went there again today and still many cars in the car park. Went in and surprised to get a ticket with only 1 in the queue. So look outside can be deceiving.

On my catch, happy to report 1k and 14k for the 2 funds. I think there was some more ASW but I ran out of bullet.

Cheerio.

wow.. not bad yo

but normally I see AS1M got more units available .. seldom I see ASW got available units.. even there's unit availabe, not much.. less 5k only most time zero

This post has been edited by nexona88: Jan 22 2015, 08:43 PM

U carry rm15k cash with u?

No, I used the latest technology, I WIFI it there. Ha.

I happened to cash out my FD and thus tried my luck there.

No, I do not normally carry that amount.

Just be careful. Heard too many robbery stories like "insider help", "tyre puncture", "fake accident".

Noted and thanks.

I only do that when my FD has matured which is far in between.

Yes, even then, one should be careful.

Thanks.