topped up 10k... not many people this year... maybe all no money liau?

actually got service fee, but was absorbed by PNB.

If you look at their annual report, PNB pays their agents a few percent to manage the funds for them.

Humans are like that. When it's not your money, you buat kerja sambil lewa. But when it concerns you and it's your money, gigih !!

Actually you can buy ASW2020/ ASM everyday if there are people who sell out the units... But who in the world will have time to check for you? (more so if it's not his money and business to do so?)

actually can be done one, but like I said, most likely they couldn't be bothered to check. The reason is most of the time they would be grabbed as quickly as they have been sold.

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Added on April 21, 2009, 3:41 pmyes, unless you very kamcheng with them .. if not.. soli... tara

This post has been edited by soul2soul: Apr 21 2009, 03:41 PM

They would use the lowest amount of each month to calculate the interest.

because they increase the maximum amount to RM20,000 from RM10,000 which effectively halves the number of people who can invest. Besides, they impose a 30% quota until 20th July, and that move restricts greatly the amount of units available.

Anyway, mark down the date in July.... after they remove the quota, you may invest again at that time.

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Added on April 22, 2009, 5:03 pmYea, malaysia government is literally borrowing from the chinese to finance their deficits.

This post has been edited by soul2soul: Apr 22 2009, 05:03 PM

it's impossible to 'trade' your units. As soon as you sell your units, some other people in malaysia would snap it up. There are people in the industry checking the system every minute to look for new units you know.

ASM sold out as at 12.17pm Wednesday

This post has been edited by soul2soul: Apr 23 2009, 11:04 AM

no lar , i think government very smart in terms of finding ways to finance their deficits. Instead of borrowing from outside, they borrow from their citizens...

something like the War World 2 bonds in USA last time.

This post has been edited by soul2soul: Apr 23 2009, 01:49 PM

I think it's fair. you can see the amount of cash among the malays and indians... obviously not so much.... The government wants to give them time to buy also mah...

Give and take....

I thought we have been in red since 1998.... running on deficits.... but better than zimbabwe lar

went around 11.45am to withdraw money.. during lunch break to pay income tax. Went inside Maybank ..... HAVOC!!!

One chinese lady just screamed at the managers when she cannot open any account ... feel a bit malu lar this chinese like that.... show some courtesy lor... not the malay staff fault mah.. they all only makan gaji only.. why so racist ler?

I think the reasons why ASW2020 sold out so fast this time is

1. Sufficient notice - 1 week government announced in advance. This gives time for people to break their FD and get enough cash to be invested

2. Increased limit from RM10,000 to RM20,000. This automatically halves the number of people who can invest in ASW2020 assuming most chinese top up RM20,000.

3. Low Fixed deposit rates. People take out FD to put into higher yield ASW2020.

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Added on April 27, 2009, 2:51 pmI put my money into ASM last week because I anticipated this problem today.

This post has been edited by soul2soul: Apr 27 2009, 02:51 PM

yes, in september 2008, the maximum amount has been reduced to RM10,000 per account. But this time dunno why they increase to RM20,000. Maybe they didn't expect the response to be so good due to slowing economy.

Actually you should ask yourself this question, does the bank officer owe you anything? Do they have to sell it to you when they have their own priority customers to take care of? (who buy unit trusts from them, who take loans, helping the branch to earn millions a year)?

You only show up during ASW2020 or ASM time, so you are not really a priority customer to them. (if you qualified to be 'customer').

Hope you understand the Bank's POV. They are all money oriented, business-sense, profit-minded entity. If got important customers ask their help, as a bank manager , would you entertain them over the aunties who only turn up twice a year but don't care anything about your business?

But here you are, carrying RM20,000 cash making demands in front of the counter staffs who probably earn less than RM1500 a month and have hard time making ends meet. It's not even their money... if I were them, I understand why some of them just don't give a *amn about the customers complaints. Put yourself into their shoes, and you will see how sick they got with the constantly demanding, noisy, nosy and tiring customers.

I was there at the bank (not buying ASW2020 but paying income tax), and I saw with my own eyes how difficult some of the chinese were. I did feel malu why some of them behave like that.... screaming at the counter people, arguing with manager, throwing application forms...some of them even made racist remarks....

This post has been edited by soul2soul: May 2 2009, 09:29 AM

The government would never let ASW/ASB/ASM fail. The day PNB fails is the day malaysia becomes a failed state. When that happens, all the banks will fail too.

http://www.bernama.com.my/bernama/v5/news_lite.php?id=425484

20,000 units per account from 21st July until 27th July, and unlimited after that.

Time to start camping in front of the post office already.

I am a noob in investment, and I am not a risk taker. I got burnt in stock markets, and I want to live a bit longer. The moving figures of KLCI and Dow Jones can make me get heart attack very fast.

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Added on July 16, 2009, 10:36 amto make things faster, photocopy your IC first (2 copies just in case), and go to the bank today to get a ASM form. Fill it up first.

ASM average is more than 6%. It's definitely higher than the bank FD rate of 2%...

This post has been edited by soul2soul: Jul 16 2009, 10:36 AM

ASM, ASW2020 is meant for the less sophisticated malaysians.

You want the aunties and uncles to invest in stocks, futures or forex meh? English don't understand, computer also cannot use how to trade ??

Tomorrow is ASM day....good luck to you all.

wah my mother lined up at post office since 6.30am. She told me got 10 people ahead of her, and now got 20 people behind her.