our deposits in bank is protected by PIDM up to RM60k.

Per bank? Or total?

Anyway, I thought all of deposits in banks are guaranteed till end 2010? IIRC, there've been ads in the papers highlighting this in recent days.

Per bank? Or total?

Anyway, I thought all of deposits in banks are guaranteed till end 2010? IIRC, there've been ads in the papers highlighting this in recent days.

PLC255, what u said is true, PNB can change their policy anytime, even declare a negative return for the fixed price fund, or make ASD/ASW/ASB fluctuates, but before they doing that they need to consider the consequences of the responds from the millions of the depositors (which mainly from Bumi group).  What i mentioned here was judeging from the hostorical records, PNB has been consitantly pay above 6% return for all its fixed price funds. Thus ASW/ASM still better off than FD, in any case.

As i mentioned earlier, PNB was initially set up to help BUMI that do not have much knowledge in investment, it was only started to open to non-bumi when ASW was launched in 1996.

There is no investment/saving that could be 100% safe, even if u put FD in any commercial bank it will be subject to the bank will not goes bankrupt like many cases in USA/UK. For Malaysia, due to bank negara tight control for all commercial banks including PNB, these institution are still in the healthy path, so depositors do not need to worry about something that unlikely to happened. Otherwise u better dont make any deposits in any banks/ or do any investments.

Worst come to worst, if one fine day, PNB declare 4% or less for ASB/ASW/ASM then u are free to withdraw and put in in other investment instrument, as they do not have lock-in period. Many capital protected products in the market only "guarantee the capital " when u hold the products till the maturity say 3-5 years.  PNB fixed price products do not have this restriction.

This is some of my toughts anybody can shares if u know any investment have better return and as safe as these products?

I for one will be one of the first to withdraw all my investment in PNB when that day comes 
There are many investments schemes that can provide better return but sadly these investment schemes are off limit to average joes like us    One example is hedge fund but it is not a guarantee thing. So yes. ASB/ASD/ASW2020/ASM so far are the the safest investment schemes currently availble in Malaysia ... so far ...

Dreamer101 Quoted:
(Obviously, your knowledge about NEP is minimal. PNB was created to park the 30% BUMI share into ASB / ASN. Hence, ASB / ASN was guaranteed to make money. Given that ASW is not "BUMI ONLY", it cannot get the 30% BUMI lot)

I have studied the ASW portfolio, it is in fact investing in the govenrment linked company (GLC) the top 5 share holding are Maybank, TNB, CIMB, Sime Darby, PNB Structured Fund, anyway government has pull out 30% bumi quota requirment for 27 industries, so this is not as important as b4, most importantly ASW still 51% owned by Bumi (Mainly Malay), so those rich Bumi (mainly Malay) that already fully top up their max 200K in ASB, they will still invest in ASW, ASW and ASB are like children of PNB, i dont think as a parents it will let any of his children sink or suffering.  ASW is still a viable investment compare to ASN as ASW is a fixed price products.

Dreamer101 Quoted:
(What is the TREND of their dividend?? Is it upward or downward?? Do you know?? If not, why do you think that you have nothing to worry??)

the dividen is at downward trends, in the same way as our BLR, FD Rate and corporates' earning. Unit trust earning are mainly derive from the coroprate earning, when economy doing badly, business world will be badly affected. If u study the trend, u will discover that EPF is always 2-3% higher than FD Rate, and ASNB products is always 2-3% higher than EPF rate. For the year of 2009, ASM dividen is 6.25%, compare to recent EPF rate at 4.5%, and FD rate of 2-2.5%. SO for low risk investment ASNB is the better option than FD and EPF saving. I am not asking everyone to put all their money into ASNB products, it is only a way of diversifying your investment portfolio, even u want to invest more in ASNB products also not possible as each individual (non bumi)is only allowed to invest max 20K when the funds open.

Dreamer101 Quoted:
(<<Worst come to worst, if one fine day, PNB declare 4% or less for ASB/ASW/ASM then u are free to withdraw and put in in other investment instrument, >>By that time, it is TOO LATE to retrieve your money.Why are you investing on something that you DO NOT TRUST??)

It is not a quoestion of trust or no trust, for any investment, if the return is more than your expectation, and u make the money u desire then u sell, PNB product only attractive if it pays higher return than other low risk investment instrument. otherwise u can withdraw the seed capital with dividen, go  find other options. In your previous post u suggested to buy Genting and PBB shares, when u make profit, u sell the shares and keep in cash doesnt means u dont trust Genting or PBB anymore, right? So it is not a matter of trust or no trust, just a matter of how to maximise your profit based on your risk appetite.

Dreamer

2) Before we even start, what is YOUR DEFINITION of investment?? For me, anything that you cannot go to sleep for 5 years and do not even look at is NOT investment.3) So, in my opinion, other than ASB, the rest of PNB's products do not fit under my definition.
(Unit trust is not investment???? strange, which school r u from?)

4) Given that EPF is managed by GLIC too.  I do not trust them either.  Comparison between ASx and EPF is irrelevant.  They behave the same.
(they are not the same. EPF is mandatory contribution if u r an employee, for ASX u have a choice, they are managed by different entities and they have different portfolios too)

5) It is NOT low risk to put money into hand of people that you do not trust,
(seems that u r very anti umno/bn government, you shdn't put your dislike sentiments from the existing government into the products that they managed. Even Pakatan win the next election, the government will be headed by Malay/Bumi (be it from PKR or PAS), so Bumi interst will still be protected. Be it PKR or UMNO headed the country in the future, PNB will still be strong, PNB was set up to take care of the biggest ethnic in the country)

<< the dividen is at downward trends, in the same way as our BLR, FD Rate and corporates' earning. Unit trust earning are mainly derive from the coroprate earning, when economy doing badly, business world will be badly affected.>>
7) Read your OWN post carefully and check your assumption.  We had a bull market and KLSE went up at least 30% over the last few years.  But, what is the dividend trend over the last few years?? This is YOUR MONEY.  Your choice.  But, please do not give out wrong information.

(You are the one that giving worng info and mislead others,  i didn not compare ASW with share market, i am comparing ASW return with EPF and FD, when economy doing bad, FD rate is dropped to 2%, so that's why i said ASNB products is better than FD and EPF.  ASW is a safe investment it doesnt go up to 30% when market is good, but it never go negative 30% when the market is bad, rm1/unit is still rm1/unit no matter how market performs + minimun 6% return for the past 15 years-> track records).

<< I have studied the ASW portfolio, it is in fact investing in the govenrment linked company (GLC) the top 5 share holding are Maybank, TNB, CIMB, Sime Darby, PNB Structured Fund,>>
8) I would not invest in any of the those 4 counters.  Would you?? If not, why are you buying ASW??

( u seems have zero knowledge on mutual fund. If you have RM100 only can u buy any of these 4 counters? but thru mutual fund, u can, it also help u to diversifying your porfolios. Pls read the concept of mutual fund before barking here, dont waste my time explaining to you)

9) Do you know what happened to UEM during 97/98.??  If you don't, why should I waste my time with you??
( i am not that old to know this, i dont think any of the readers here want to know UEM issue from an arrogant guy like u, so u can safe your time on explaining it. Bear in mind that the topic here is talking about PNB products, not UEM)



Dreamer

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Added on July 26, 2009, 2:17 pmDreamer

<< the dividen is at downward trends, in the same way as our BLR, FD Rate and corporates' earning. Unit trust earning are mainly derive from the coroprate earning, when economy doing badly, business world will be badly affected.>>
7) Read your OWN post carefully and check your assumption.  We had a bull market and KLSE went up at least 30% over the last few years.  But, what is the dividend trend over the last few years?? This is YOUR MONEY.  Your choice.  But, please do not give out wrong information.

(You are the one that giving worng info and mislead others,  i didn not compare ASW with share market, i am comparing ASW return with EPF and FD, when economy doing bad, FD rate is dropped to 2%, so that's why i said ASNB products is better than FD and EPF.  ASW is a safe investment it doesnt go up to 30% when market is good, but it never go negative 30% when the market is bad, rm1/unit is still rm1/unit no matter how market performs + minimun 6% return for the past 15 years-> track records).

<< I have studied the ASW portfolio, it is in fact investing in the govenrment linked company (GLC) the top 5 share holding are Maybank, TNB, CIMB, Sime Darby, PNB Structured Fund,>>
8) I would not invest in any of the those 4 counters.  Would you?? If not, why are you buying ASW??

( u seems have zero knowledge on mutual fund. If you have RM100 only can u buy any of these 4 counters? but thru mutual fund, u can, it also help u to diversifying your porfolios. Pls read the concept of mutual fund before barking here, dont waste my time explaining to you)

9) Do you know what happened to UEM during 97/98.??  If you don't, why should I waste my time with you??
( i am not that old to know this, i dont think any of the readers here want to know UEM issue from an arrogant guy like u, so u can safe your time on explaining it. Bear in mind that the topic here is talking about PNB products, not UEM)
cheahcw

Went to MBB morning just now, they said no ASW released to day wor.

Any news out there?

ASW will not be released to non-bumi as it will be reserved for Bumi to top up. So u can wait for the new fund called AS1M, heard that will be released during Merdeka Day.

cheahcw2003,

Which means the 51% BUMI quota of ASW was not fully subscribed.

Dreamer

yeah, the next dividen for ASW will be 31 Aug 2009, hope can get more than 6%

If I just brought my ASW this recent one, how they gonna pay me the interest.? Following normal FD calculation.? eg. (RM 1,000 x 6%) / 12 = 1 month dividend.?