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.

Good and bad if there is a new one.

Good, we may be able to get some.

Bad, govt needs more easy money but why? They already have so much from ASX, EPF etc. I guess, it is never enough for the spend-spend-spend type. Maybe for the 1MXX? Ha.

A hypothetical question,

Since ASx is insured by PIDM, in the event of a major bankruptcy/payoff or simply an economy downturn...how are PIDM able to ensure such large sums?

The recent developments of 1Mxx is definitely worrisome.

Nope, ASX isn't covered by PIDM. PIDM only covers deposits placed by individuals in every commercial bank in malaysia except bank rakyat as BR is known to be a cooperation bank.

there's some people who would blindly "invest" in ASx fund esp old folks & noobie.

like what happen to me today. Bank staff tried to promo me ASG, telling me the fund give me 7% p.a (way better than ASM, ASW etc. which give around 6sen+). If I'm not well inform, surely I fall for the trap.

like we all in LYN know that variable fund NAV would "drop" after dividend distribution unlike fixed price fund. The so-called 7% p.a are deducted from NAV.

i guess all variable priced funds will drop this yr. USD to MYR is already > 3.5

CA is a good habit for frequent investor

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