ASN, ASN2, ASN3, ASG, ASB, ASW2020, ASM, ASD, AS1M, AMANAH SAHAM NASIONAL BERHAD V6
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 Nov 25 2014, 08:09 AM
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#1
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Junior Member
56 posts Joined: May 2010 
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sorry if this question has been asked before,
if i put max rm200k in my asb, let say first dividen is 8%, then my money will become 216 000, but for 2nd year, if the dividen is 8%, will it multiply by 216 000 or 200 000 tq |
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Nov 25 2014, 09:48 AM
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#2
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Junior Member
56 posts Joined: May 2010
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QUOTE(wil-i-am @ Nov 25 2014, 08:41 AM) 216k assume no withdrawal  QUOTE(wild_card_my @ Nov 25 2014, 08:55 AM) The 2nd year dividend will be calculated based on 216k; and without sounding condescending, you may want to read on compounding interest (just google it). thanks for the information, and untill what limit ? infiniti ? let say somehow i managed to invest without withdraw for 100 years ( if im still alive) that mean i will get 1.08^100 x 200 000 = RM 439 mill ? The maximum limit for your own ASB account would increase as your dividend increases. If I am not mistaken, the limit stays as high even after withdrawing a portion of the funds.  |
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