u just have to remember, this is never intended to be short term investment.

it's a 3 - 5 yr investment and u need to study market trend. exit when you make at least 80% of your capital. and pray that you can sell before unit split.

Nope. Existing investor's value invested does not change after a unit split. You may now own more units initially but the total value is still the same. Companies do unit split or bonus/rights issue or others of similar nature is to attract new investors to buy into the fund given that the NAV is now more affordable.

Given how aggressive ASNB has been in promoting their variable priced products and how that portion of their business has grown hugely this past year, it's only normal practice that they do this.

Personally, there are 2 scenarios when it's good to buy into funds which already have track record in terms of income distribution as I'm not a fan of buying funds when they're initially launched even if they're cheap which is; when there's discount offered on the ISC and when unit split or bonus issue is done.

only the SC has GST, am i right?

that means for RM 100k purchase, a 5% SC = RM 5,000

6% GST from RM 5,000 SC = RM 300

so total SC + GST = RM 5,300 ?

I see. Only on the SC.

Then RM 1 billion volume per day at KLSE = RM300*10000=RM3 million /day.

1 year = RM660 million GST tax revenue for the govt.  Still a lot of money,

It has been a year now since I started my ASX lesson here.

Happy with the additional units I managed to get though at times it can be very frustrating and disappointing. My consolation is to think of the additional 60/365 = 16 cts/day I will get for the rest of my life for every RM1000 units! Ha.

To myself and  those who have not given up yet, work for a better and more rewarding & successful strikes in the 12 months ahead!  Ha.

Cheerio.

nexona88

Going to cash out RM40k AS1M after lunch this Friday to pay the deposit for house.
Guys...get ready to try buying in respective banks after 3pm on Friday

I suppose for future Dividends via reinvestment

Hello, I withdrawed all the money inside my ASG account already from CIMB branch, but the staff said cannot close account (need to close at BSN if not mistaken).

So i no close, only withdraw all money/units, now account no money no unit, will i still kena charge management fees or what ??

It did not mentioned how the RM500mil being distributed

NAV may drops. But if you keep for say 5 years, won't you be able to cover back and drop NAV price?

Was thinking of buying some ASG funds for CA. Though small rebound last Friday, today KLSE down again. ASG down tomorrow ? 

So called "cost averaging". 

Checked and ASG down slightly vs yesterday price. 

Is there an up-to-date long term chart for ASG and where can I find it? Couldn't find it at ASNB's website.