Oct 25 2014, 03:12 PM
QUOTE(plumberly @ Oct 23 2014, 07:03 PM)
Sifu William, if I may jump in here ...
popice2u, it is because in ASNB fixed price funds, the dividends are calculated based on the minimum monthly balances.
Say your latest balance in your ASB is RM500,000. Consider 2 scenarios.
AA buy RM50K on 24 Oct
BB buy RM50K on 31 Oct
Oct dividend will be the same for the above 2 cases as the dividend is based on the minimum Oct balance (i.e., RM500,000 and not RM550,000).
You can put the RM50K somewhere to earn some dividends for a few days first before using it for ASB.
Hope the above is clear.
Cheerio.
oh, normally i just bank in when it's almost month end. around 25-28.popice2u, it is because in ASNB fixed price funds, the dividends are calculated based on the minimum monthly balances.
Say your latest balance in your ASB is RM500,000. Consider 2 scenarios.
AA buy RM50K on 24 Oct
BB buy RM50K on 31 Oct
Oct dividend will be the same for the above 2 cases as the dividend is based on the minimum Oct balance (i.e., RM500,000 and not RM550,000).
You can put the RM50K somewhere to earn some dividends for a few days first before using it for ASB.
Hope the above is clear.
Cheerio.
because, i didnt know what's the difference.
i mean, every month bank in, then ok right
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