Once u open the account, you need to automatically put in some in money..

Ya, i already opened one in april. If wanna go buy again next week, only need to bring the book then just queue up, right? No need to fill in any more forms, right?

I topped up existing ASM recently, & they required a (fairly short & simple) form to be filled in.

No, they do not. Even though bankers' cheque is issued by banks,
clearance is needed. By the time the cheque is cleared, units will be sold out.

---

Added on July 18, 2009, 11:29 pm1) extra units will be added to your account on 1st april every year as long
as you are still holding the units.
This year, on 1 april 2009 it was 6.25%p.a. e.g. if you have
1,000 units, you will receive another 62.5 units. Since 1 unit = RM1
that means RM62.50.

2) Update your account book at any Maybank, RHB or CIMB Bank.
No, not possible to check online.
U can sell back whenever you want. Go to
any Maybank, RHB or CIMB Bank and fill up 'Jualan balik' form.


This post has been edited by Phoenix claws: Jul 18 2009, 11:29 PM

One theory : ASM may go bankrupt but ASB remains intact ! Be careful.

This is the second time you post something in this nature. Do you care to explain your reasoning?

nyemah_mulya,

The CORRECT question that you should ask is

A) What is an unit trust??

B) What is an unit trust management company??

Now, if you CANNOT answer question (A) and (B), why are you investing in any unit trust like ASx?

Why are you investing on something that you have NO IDEA what it is??

Now, if you understand (A) and (B), you would not need an answer or explanation to begin with. Conversely, if you ASK for an explanation that means you DO NOT KNOW (A) and (B).

Dreamer

If ASM go bankcrupt, i think ASB also bankcrupt...

Both of them almost got same portfolio in share market...

I wasn't aware the question that I asked has anything to do with the questions you asked me. Basically I'm asking Lawyer1 why his opinion is of this :
One theory : ASM may go bankrupt but ASB remains intact ! Be careful.

And does he think vice versa could happen, etc. 'Sorry' for asking the wrong question.

arsenal,

1) How do you know??

You THINK you know or you REALLY know.

And, if you DO NOT KNOW, why do you ASSUME??

2) Let's use SOME basic common sense here. If what you say is CORRECT, why there is SIGNIFICANT DIFFERENCE in the dividend rate of ASM versus ASB??

So, didn't I just prove to you that you do not know??

Dreamer

Maybe.

But I have already enjoyed 100% percent gain from ASM..Now currently enjoying profit.....

Cheers mate!!

arsenal,

1) If you CHOOSE to invest BLINDLY without knowing what you are investing, go ahead. Gamble with your own money. It is YOUR CHOICE. But, be VERY CAREFUL recommending the same thing to OTHERS. Or, be HONEST about what you know. In this case, ALMOST NOTHING.

<<But I have already enjoyed 100% percent gain from ASM.>>

2) How could you enjoy 100% gain from ASM without selling ASM?? Or, you had sold your ASM??

Dreamer

i did sold some units some time back....I think you have a point there but i think if the money is for FD purpose and gaining like 2.5% interest and ASM give at least 5% dividen without affecting the value of the units, go for ASM...Depends on risks that people take...

For me, ASM is like saving for emergency fund as you say need to have at least 6 months savings.

OOT: Next will be on foreign FD and Stocks.

Cheers mate!...

arsenal,

<<ASM give at least 5% dividen without affecting the value of the units, >>

ASM is NOT FD equivalent. And, the PRINCIPAL of ASM is not INSURED like FD. In the case of FD, even if the bank went bankrupt and as long as you stay at the limit of 60K, you get your money.

So, ASM CANNOT be used as EMERGENCY FUND. There is NO ABSOLUTE GUARANTEE that the value can stay at RM1. Or, to be precise, the GUARANTEE is only as good as the UNIT TRUST. So, if the UNIT TRUST went bankrupt, you will not get your money back. And, this is INDEPENDENT of other UNIT TRUSTS that PNB manages and PNB itself.

<<For me, ASM is like saving for emergency fund as you say need to have at least 6 months savings.>>

It is NOT suitable as emergency fund. In time of serious recession, you need your money. But, that is when the UNIT TRUST most likely not being able to guarantee their value. So, how wise is it to use ASM to store your emergency fund??

Dreamer

OMG... I have prepared the banker cheque payable to my name. If i have to bank in and cash out, i afriad unit will be totally sold out..

Does the ASNB offices accept banker cheque payable under my name?

thanks to all for good information give, i guess i will join the queue on 21 july

dreamer101,It's easy to stand on the sidelines & question people about their alleged lack of knowledge with random questions & CRAZY CAPITALIZATION. There is always incomplete information driving any market - it's why we have a lucrative consultancy industry.

Now, if you have any actual arguments (or even better, evidence) as to why PNBs implicit govt guarantee is not believable, please present them & live or die by the weight of your arguments. If you're just gonna sound like some crazy irrational OMG TEH GOVT IS GONNA ROB US!!!!! conspiracy theorist with snide asides about how everyone else is a sheeple while you're the lone proud Doubting Thomas, sorry, but those questions you like asking everyone else about WHAT they know & WHO are they to recommend to others? Ask and answer them for yourself first.

In short, dreamer101 (& to a lesser extent, Lawyer1), put up or shut up.

This post has been edited by snowcrash: Jul 19 2009, 03:58 PM

Snowcrash, if you noticed, I have been quiet. If I am quiet, you are the one to loose, NOT me. I believed I can give you valuable advice, for free, that you may need to pay for otherwise. I have, many a time, in this forum, advised people for free.

Now you have hurt me - I will think twice if I ever open my mouth again. Thanks to snowcrash, others may not be able to get any advice anymore.

By the way, regarding my theory earlier - it's just a theory, and I did not elaborate further, and do not wish to do so. I too invest in PNB's funds.

We should thank Dreamer for his opinions - they carry weight, that's all I wish to say.

Snowcrash again, you do not need to use such harsh words as in asking people to shut-up, this is just a forum, if you are not happy, just keep quiet-lah,.... Don't join the thread, and no need to be rude. Have some manners when participating in a forum.

I am disgusted by that sudden remark !!!!!

Lawyer1, so far you've not given any evidence or even reasonable speculation to back up your prior posts. You just come to a public forum, say X is gonna happen and don't offer ANYTHING to support it. I am merely asking you & others to back up your statements with something more than what you have provided. Even reasonable speculation or guesswork would be better than the random drive-by commenting of your last post.

BTW, 'put up or shut up' is a metaphor. I cannot (& even if I could, I would not) silence anyone in a public forum. But I can call them out if they're statements are devoid of any supportive reasoning.

As to your being hurt and or disgusted, it's a public internet forum. Expect to be criticised & kindly build up your tolerance. Frankly, if my previous post has led to you stopping your unsupported statements, I reckon that I've done 'others' a favour. If you can't be bothered to elaborate on your theories, don't fault others when they can't be bothered to take you seriously.

I ask again out of common interest & courtesy - would you like to elaborate and support your own theories?

snowcrash,

<<Now, if you have any actual arguments (or even better, evidence) as to why PNBs implicit govt guarantee is not believable,>>

If you CARE to read my post CAREFULLY, I NEVER said that whether PNB is believable or not. I am stating a BASIC FACT that UNIT TRUST can be bankrupt independent of each other and the management company. So, it is WRONG to say that ASB = ASM and only if PNB goes bankrupt, ASM can go bankrupt. And, ASM is not equal to FD.

<<why PNBs implicit govt guarantee is not believable,>>

1) IMPLICIT = imply = ASSUME. So, how REAL is this guarantee??

2) Do you TRUST the government to manage YOUR MONEY?? Yes or no. I don't. If you do, I wish you best of luck. I do not believe at 5% dividend rate that it is WORTH taking the risk. I have BETTER INVESTMENT at lower risk.

3) As to WHY I do not trust this government, the track record speaks for itself. After the 97/98 UEM Renong affair, I NEVER invest in any government related stuff anymore. And, if you DO NOT KNOW what the 97/98 UEM Renong affair, can you say that your TRUST is based on FACT or IGNORANCE?? Google is your friend. This affair is widely published everywhere. If you DO NOT KNOW, how informed are you?

4) Once bitten, twice shy.... Can you say HONESTLY that 97/98 UEM Renong stuff WILL NOT repeat itself again?? I am NOT willing to take my chance with this government.

So, back to you. What gives you the CONFIDENCE that YOUR MONEY will be managed WISELY?? The TRACK RECORD definitely does not indicate that.

Dreamer