I have RM40K cash right now in my house. Tomorrow thinking to open ASB account. Is it worth it? No mutual fund or stock involved please. I lost RM20k already for this mutual fund and stocks.

This post has been edited by doremon: Feb 17 2009, 03:40 PM

How long do you intend to invest it?

I want to make this as my EPF. Coz place i work i decline my socco and efp. My salary i get net. So looking for 30 years above.

ASB gives a return of abt 12% normally so it's quite a good investment... other funds u really have to monitor them and also u have to go in at the right time

Bottomline Good Investment?

those are probably the most rock solid investment. Either that, it's FD.

Mutual fund, stocks, at this time it's not stable and risky.

excellent investment.... u can also try ASW2020 or ASM which also offer returns of abt 6% p.a...... there are a lot of new mutual funds which invest overseas. those are good investments as well. i invested in this fund where they invest overseas n now my current return is 10%, n it's been less than a year!

FD the rate so low 4.7% upmost. I rather put all in ASB or ASW.

i think u should put proportionate ur extra cash.... probably 10% in ur Savings A/C, another 20% in FD (1 mth maturity) and the rest in investments... that way u have some $$ for a rainy day....

but of course the ratio is entirely up to u...

Well, if i invest in ASB or ASB, i can always withdraw or draw certain amount of money. So if i invest 101% also should be any problem.

Sorry, hijack your thread for a question.

I always heard about this ASB and ASM2020 etc. Where can I buy it? Is it only reserved for Bumi?

Buy it? I'm not sure about that but if for non bumi best go for ASW2020. For bumi is ASB. I heard this year will be 9%.

Some of the fund such as asw2020 is unavailable for non bumi. Just few weeks ago, RM1.5B sold out in 30min
As these fund is by government, it is safe and returns are quite high. So it gets sold out very fast except bumi quota.
You may think of allocate some of it towards FD. As the saying goes, Don't not put all eggs in one baskets.

Uhm, asw2020 is available for non-bumi also. I think you meant ASB, that's just for bumiputra.

ASW2020 the latest 1 available for non-bumi while ASB all for bumi

Last year only 9% kua. Been at that level for a coup of years already. It was 14%++ when it first started.

I had around 40k cash too at the beginning of the year. 10k in ASB, 30k spent buying real estate. enough for dp + law fees + loan fees.

Good return

if ur a bumi just stick with asb la, gurantee not to lose money and safe summore, return even better than some unit trust, no agent fees also, unlike unit trust got fees involve...

what I meant is the non bumi quota is all sold out. Cant buy anymore. I believe the bumi quota is still available for this. I had invested in asw2020 and so far the returns had been good..

go to maybank...they hav sumthing like FD wit a return of 6% per year, but minimum is 3 years...

Adrianocy,

Check the investment thread. Someone claim that the fee is very high for this investment option and you get better return with FD since there is NO fee.

Dreamer