snowcrash,

<<If that DOES happen, you're probably screwed no matter where in Malaysai you keep your money. >>

The answer is SIMPLE. Do not keep ALL your money in Malaysia. Singapore is a short train / bus ride away.

Dreamer

I think the chance of PNB funds suffer huge nominal loss of more than 50% is slim, e.g. smaller than 30%. But cannot say that for RM. If USD depreciates against RM for 30%, what do you think BNM will do? Cut interest rate? Sell RM and buy USD? If BNM does any of these and US Fed believes the only way get out of this 'mess' is to devalue USD, then we have competitive devaluation, e.g. US Fed will 'print' more USD. So the nominal amount of your portfolio may be RM 70k X (1.07) power of 10 after 10 years, but what is the value of your portfolio, e.g. what can you buy? The only way to beat this is to have REAL return of more than 0% after adjusting inflation and currency devaluation


"The answer is SIMPLE. Do not keep ALL your money in Malaysia. Singapore is a short train / bus ride away."
It is a sad truth that some Malaysia Malaysians cannot think out of the box :-(

This post has been edited by oumind: Aug 1 2009, 01:27 PM

If you realize there is more funds offered this year, then you have to ask why? Usually sources of fund are EPF, Petronas, etc.

Hi
Which place will be lesser ppl ?
For sure, i will avoid Maybank..
And do i need to go in the early morning?
so basically, I will only need to bring IC, Cheque and my finger right?
Thanks

Think will only buy 100 unit to open the account, not going to Q on the first day also (if there is Q ).

Yea, heard radio say 5 Aug 09 going to sell AS1M at RM1 per unit.. Then charge..!! But 10 billion fund that's hell a lot.. will people go and charge on the first day.?

i kinda feel the same. previously everytime asm or asw opens up, i'll be there queueing...but somehow i don't feel so hot about this one. i think i'll diversify to some other types of investments. (maybe even forex)

The way some of you people said like not safe or got problem only leh..

Ennnh, anything that screws the M'sian fundamentals so badly that I'll need an exit will significantly impact Sg as well. Probably not as much, but it would be unpalatable as a lifeboat. Personally, my escape route is much further south...Hope for the best, but always be prepared for the worst.

This post has been edited by snowcrash: Aug 1 2009, 01:12 AM

lol nice answer you got for us, I like it.. Hope for the best and prepared for the worst.

If we were to buy in post office , do we have to have account 1st or .. just buy like any other banks? Never buy before so i Dont know ?

No need to have an account, you can open accounts in post office. Remember to bring IC.

I am a newbie.....i have rm3k,and i thinking to invest in AS1M...it is better to invest in it or just invest in normal ASN??

any comment or review is very helpfull

As mentioned many times here, it's better to invest in a more matured fund like ASB if you are a Bumi.

Not quite interested in this AS1M, because the interest is between 3.7~4% only, but it's also depends(means it may go up or down) on the situation of the Malaysia Stock...so I think better invest in those ASM or ASW2020 better. Just my 2cent.

This post has been edited by reevephon: Aug 1 2009, 11:10 AM

I guess there is no rush for this fund as the allocation of funds is so big. Good luck !

means, all i need to do in post office is queue up, bring my IC and money .. that's all ?

AS1Malaysia, got capital guarantee or not?

no, read the prospectus

can show me the links to it? I google it but only can find a few superficial info