agreement? maybe collateral as well...

well, both ways would benefit you in the end.

A) if he doesn;t run away with your money, you know he can be trusted.
B) if he does run away with your money, then you know he can't be trusted even he is blood related. you paid a high "tuition fee" to learn the lesson for your future.


my family runs business, cousins and an uncle has siphoned alot of money and made the business to have a great setback long time ago, almost RM100k lost in debts and monies siphoned.

i'd ask you to think carefully again. but all is not lost tho, i know one of my cousins can be trusted with life.

another problem which will occur to you IF yr cousin pass away. ASNB only release the money to the person stated in his will. So make sure if your really want yr cousin to hold yr money, a will in your name is there.

thanks for all the advices guys. at this very moment i have no choice but to give it a full trust. agreement would be good but it shows that there 's no trust for the people you asking the favor for, my cousin didn't get anything for helping me out(perhaps belanja makan ), so i won't ask much.

Good day friends,

Just wondering is the Maybank ASB Merdeka Package Promo worth it?

BLR -1.75% (first 2years)
BLR -0.75% (after 2 years onwards)

Thanks

i got something not clear guys....dunno if i miss read or i just blur..hehe
about the ASB..for bumi putra rite? and do it open anytime or need to wait for the unit like other?

ASB is for bumi only and it is open anytime. Limit 200k per person.

thanks vergas

hi been reading this thread since yesterday huhu
but still got questions running around my head now

.. can i just walk over to the POS counter tomorrow morning,
to buy the ASB/ ASM units?

opps i still dont have any account.. can create 1 at the post office?
what is the initial payment/ minimum unit?

TQ

no prob. just go to any of this agent to open yr asb account.
POS Malaysia, CIMB, RHB or MBB.

T& C applies.

last time in 2002 it's quite troublesome...u went to ASB itself to open the account...then go to "pesuruhjaya sumpah" office which is not in the vicinity (i opened it in ipoh) to sign some document...then u need to bring back the document to asb...
i'm not sure how is it now though...

i think u have lost your passbook. because of that they asked u to go to 'pesuruhjaya sumpah'.

If u don't have any account for example ASB, all you need is IC and RM10 to open it. Of course, if you have some issue i.e. Sino Sabah/Muslim convert/etc, they will asked you to provide additional things like sijil anak sabah, sijil memeluk islam etc. Final say is still with ASNB to approve yours if i am not mistaken.

Any news for end of this year percentage? I heard from people this year only 6.7% including bonus (ASB) quite bad huh.

as long as i can remember asb never give less than 8% inclusive bonus. If they give less, complain la man. How come market shoot up nearly 300 points and yet you give lesser. justify to the public lah. Some more this year election year. Sure must give better return. Must make rakyat happy what.

huhuhu...got some issue with money transfer, should have put money into asb since last july but now have to delay till mid september....

why don't u try public mutual?it is the largest mutual fund company in malaysia.
u can contact me for public mutual service.this is my phone number 0166310185 and a am MR.ng

Start getting customer already. Not good for Amanah Saham. haha....
good luck!!!!

Sorry bro. For me i rather stick with Amanah Saham coz monitored by our government + terjamin also (For Now). It's ok i rugi (For Now) on mutual fund side. I know it's good, but i don't fully understand (Yet) on how to get my foot inside. So for the time been i rather go with Amanah saham while i do my own research. By the way this mutual fund think, can we go direct rather then engaging with agents. Is just so annoying dealing with them (No offense). Always promise like heaven and if everything turn bad, they simple run off. Speaking from experience


Good luck to you too . You need all the luck that you can get.

you forgot to tell him that there is a annual 5% fee for unit trust , and most of unit trust in malaysia is based on insurance-like schemes.

Even if you put all your money into defensive unit trust, namely bonds which should give u a return of 5-6% annually, after service fee deduction, you will only end up with 1% or worse lose money in unit trust.


ASW is the best bet, 6.8% compouded interest for 3 years is 20% return.

with other unit trust, -5% every year.. does not seem like a good deal for me

This post has been edited by soul2soul: Aug 27 2007, 03:19 PM

Hummm, I assume you speak from experience? How you come out with that kind of conclusion? Care to share with us all more ? Thankz in advance