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 AS1M, ASB, ASW,ASM,ASG,ASD

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soul2soul
post Sep 11 2007, 07:01 PM

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they give you 30% of dividends per year
soul2soul
post Sep 12 2007, 10:18 AM

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QUOTE(dreamer101 @ Sep 12 2007, 10:15 AM)
ah_suknat,

<<is it possible if i can use my investment in ASB worth 100k to take up a loan for another 100k?>>

Why do you need to do that??  All you have to do is to take a ASB loan to buy 100K of ASB and use that 100K worth of ASB as collateral.  You do not need upfront money to buy ASB.

Please tell me why bumi cannot be rich with this kind of ASB scheme.  Remember in the old days, the ASB dividend is 14% per year.

Dreamer

Added on September 12, 2007, 10:17 am

Yes.  But, it can be no money down and it is higher risk for the bank.

Dreamer
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problem with bumis is most of them cannot see money in their hands. They would prefer to spend it rather than save it. But that is good for overall economy laugh.gif
soul2soul
post Sep 12 2007, 01:47 PM

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each person can only open 1 account but they can open for their children, husband , father ,,mother ....

I just checked my bank account, still got 1k left. went to RHB bank deposited 1k ... heheh got asw2020..

not a lot but if we calculate 6.8% return a year, it's about RM5.50 pocket money a month. OK lar


as on 1.35pm today, ASW2020 still available.

20K/ person limit is very good move. i remembered last year my rich boss deposited 100k each into his 3 daughthers account. (imagine 300K)

The 20K has effectively cut off the richer segment of society's access to asw2020.

This post has been edited by soul2soul: Sep 12 2007, 01:54 PM
soul2soul
post Sep 12 2007, 02:13 PM

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QUOTE(howeijie @ Sep 12 2007, 02:06 PM)
Last time all rich people can successfully buy the ASW 2020

Now the chances is still the same or not ?
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chance is still the same but no matter how rich a person is, he can only invest 20k max.

yes, asw2020 last year dividend is 8%
soul2soul
post Sep 12 2007, 02:21 PM

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QUOTE(sunnyboy @ Sep 12 2007, 02:16 PM)
is it age over 40 cant open new account?

just now saw some uncle wanna open new account, but pos ppl told them is not allow for those over 40..

me oso blur
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The age limit was abolished last year.
soul2soul
post Sep 18 2007, 12:51 PM

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The ASW2020 20K limit is only during the period of 12th September until 15th september. After that date, individuals can deposit as much as possible, provided there is available units.

so for non bumis, bad luck lor. all finish already
soul2soul
post Oct 12 2007, 09:08 AM

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QUOTE(ah_suknat @ Oct 11 2007, 08:16 AM)
thanks bro, so I don't need to worry that it will sold out one day!

but very strange, since it is unlimited fund size, why there is a limit for individual investment? if ASN I can understand why it has individual limit for investment because it has a limited fund size but ASB?? rclxub.gif
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simple. ASB is meant as an instrument to help malays to save money. Due to general low savings among the malays in our country, the government used ASB as an incentive to encourage them to save money. THe purpose of ASB is to help the poorer malays. It is not meant for rich malays to get richer.

soul2soul
post Nov 6 2007, 11:51 AM

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not necessarily
soul2soul
post Nov 26 2008, 02:23 PM

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I don't think this time it will be finished as fast.

490 million units (for non-bumi portion) with 10,000 limit per person will translate to 490,000 people being able to deposit this time.

That's quite fair and I don't think the banks will be full with people tomorrow.
soul2soul
post Nov 27 2008, 06:57 AM

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QUOTE(ah_Keng @ Nov 26 2008, 06:25 PM)
49,000...

ooops my bad.

Added on November 27, 2008, 6:58 am
QUOTE(ah_Keng @ Nov 26 2008, 06:25 PM)
49,000...

oops my bad

This post has been edited by soul2soul: Nov 27 2008, 06:58 AM
soul2soul
post Nov 27 2008, 02:13 PM

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Can do it at post office too - many people don't know this.

Managed to top up 9K....
soul2soul
post Nov 27 2008, 03:59 PM

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no more. wait until next year.maybe then they will limit the fund to 5K per person....
soul2soul
post Nov 27 2008, 04:12 PM

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thank you... i will vote for BN already.... kkaakkkaka
soul2soul
post Dec 1 2008, 10:44 AM

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yoho, managed to get ASM....
soul2soul
post Dec 1 2008, 04:49 PM

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QUOTE(reevephon @ Dec 1 2008, 04:38 PM)
just called maybank, they said ASM still available right now, so who want to purchase then can go on tomorrow morning to have a try, unluckily i couldn't buy any single cent for ASM, here my story, today i went to my area's maybank at 920am, get shock saw a bunch of peoples waiting out there (around 30~40), b4 buying the ASM i need to cancel my FD and take out the money then only i can buy ASM because my saving account got no money inside, when i want to cancel my FD while im waiting for buying the ASM, the maybank staff told me their system will be going down after couple of minutes and they dont know when it will activate back, plus my number was 20 something, so finally i decided to go back and try next time lol. next time lol. cry.gif
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try at post office or PNB office, it's faster there and fail proof. I also kena RHB bank system down last time. blush.gif
soul2soul
post Dec 4 2008, 04:27 PM

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finish liau
soul2soul
post Dec 5 2008, 03:06 PM

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U guys do know it's very easy for PNB to make money, right?
soul2soul
post Mar 18 2009, 10:26 AM

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Is it true I heard ASW/ASM would be launched again 3/4 ? Heard it from my aunt.

Added on March 18, 2009, 10:30 am
QUOTE(atake @ Feb 12 2009, 09:36 AM)
My ASB Loan only 4.2% per year after change in BLR.Yippie,hope the dividend will be more than 7% this year.Enough to cover the interest and some profit for me.
*
One of my muslim friend told me that it's actually haram to get paid like that... so he didn't want to get ASB loan .. riba katanya.

This post has been edited by soul2soul: Mar 18 2009, 10:30 AM
soul2soul
post Apr 20 2009, 12:49 PM

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QUOTE(tumbelin6142 @ Apr 20 2009, 12:23 PM)
Actually ASM better or ASW2020?

gonna grab it soon...hehe biggrin.gif
*
historically it's asw2020

Added on April 20, 2009, 2:37 pmBut I got no money already to put in any accounts...

This post has been edited by soul2soul: Apr 20 2009, 02:37 PM
soul2soul
post Apr 21 2009, 08:00 AM

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QUOTE(oumind @ Apr 21 2009, 01:07 AM)
Does anyone know reason(s) returns from ASM products are consistent, e.g. always higher than FD rates?
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They got lots of stocks in high dividend yield companies such as Public bank, maybank, etc. And, big funds make big monies.... throw a few billions, KLSE rallies... then exit when the market is going down. It's almost like a sure win thing for them.

You all small fishes only in the market..

Added on April 21, 2009, 8:05 am
QUOTE(fairytales @ Apr 21 2009, 01:30 AM)
for the last ASM units, when was it sold out ?
*
If not mistaken within 2 days.

This post has been edited by soul2soul: Apr 21 2009, 08:05 AM
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