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.

got heavy selling starting from 9.40am today, sure quite a few of you would have struck some..

where u guys get the info yah? or just randomly try it out at the Amanah sahan agent?

Dun worry so much

Wow... 64k

Yea. Correct.
And bout the unit split, I am quite surprise. Doesn't it bring harm to current investor?

Try randomly

I think bcos of u we cant buy in....

No lah. He helped me! Ha.

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.

no. you'll get more units to offset the reduced NAV

in short, your total investment in RM is equivalent to before the unit split

the last split was in july 2014

This post has been edited by lucifah: Oct 31 2014, 03:46 PM

i am more impressed with his ability to come up with 64k cash within very short notice

he keep up all the cash just for AS1M??? lol... leave us some lot mah....

Today have AS1M mega sales huge amount withdrawal since morning. I wonder why suddenly so much unit available. Therefore there must be something wrong somewhere

64k is just spare change oni

any cash movement >50k in one shot, you need to fill up a declaration form mandated by BNM. it's a PITA to fill up that form...

I see. Based on your point, is true that good business=unit spitting to allow new investor to buy at affordable price. Hmm. Glad to see that coming.

Year end family holiday trip, pre-register children for private college/university, take money to get into stock market after last week's technical correction, year end weddings, buy gold which seems to be the trend now, registering for expensive feng-shui based investment talk on next year market outlook, last minute buying of house or car before GST, etc2...

Take your pick

someone mentioned GST

so how does GST affect ASNB purchases / selling?

will we be charged GST om both transactions?

if we are charged input tax, how will we claim output tax?

if we sell our units, will we be able to claim for GST?


or is ASNB GST exempted?

all point seems okay, but buying gold?

gold is on down trend now, price won't go up anytime soon. also no pay dividend like ASx