managed to get 2k ASW2020 & 500 ASM at maybank today

Hi all,

i have ASW2020, i saw CIMB can create an account for it but so far, the system do not let me add.

Do you guys usually got to bank or PM to buy units or we can do it online too?

Variable fund up liao.

It depends on which Agent is convenient to u n u can't do it online

Then what are the online portal for?

Invest in ASB

Was thinking of closing my son's ASD..and move it to ASB..worth it?

Still 1 cent from my last buy, up, up and away !

This post has been edited by bbgoat: Oct 21 2014, 02:29 PM

Wud advise stay put since u can reinvest in ASB if u withdraw later

Yea, finally up-ing , but still under my initial point

Fair point, but interesting question also...does bank treat these funds as your typical savings acct? i.e. close after inactivity for a certain period of time

My guess is one way to keep your acct active is to keep the book updated at least once a year when the dividend is announced.

sui laaa..my ASN 3 price still down by .2 percentile

deng...
ASN 3 I want next year open lol. Now open like very high

haha, you should buy during 2% SC, you miss the golden opportunity.

the best is to update yearly basis, but some kinda forget they have ASNB fund passbook... that's why we see some didn't update for years or misplaced the passbook

I heard that updating passbook does not count as an activity as far as the 7 yrs in-active account goes.

Need to have account holder doing withdrawal or deposit transactions.

Yes, weird ruling. That is what I heard form my wife who used to work in a bank.

Cheerio.

Sure worth it because ASB have the highest dividend rate among fixed price ASNB funds

and u are not alone that want to closed the ASD account because a lot of people already closed their account (u can see y-o-y the total unitholders reducing by huge numbers) compare with others ASx funds

what kind of ruling is this

banks account I can accept because deposit can be very easy but ASx fund we need to try luck...

This is true for savings acct, but are the ASx categorised as savings or investments?

I think what you said more for bank SA/FD acct. For UT, I have UT acct which is way more than 7 yrs and keeps on rolling (with dividends). Just receive yearly update on the status. Various UT from different banks.