i think around 7%.

anyone know about asg pendidikan, kesihatan and persaraan? how to apply for these? any criteria?

This year ASW2020 dividend will be in what form? Dividend or Cheque ?

Anybody here using the loan facility provided by banks to invest in ASB? How exactly do they work?

Seems like the govt. is launching more funds this year compare to previous years. Most people would enjoy paper gain.

hi doraemon!

it is good to invest in these ASB or ASM or ASN accounts. If since u had bad experience from stocks and mutual funds, these are rock solid investments. Go for those that only cost RM1 per unit.. no sales charge at all. Masuk RM1 per unit keluar pun RM1 per unit. This is like FD or capital guaranteed. And every year u can expect at least 6-7% dividend which will be reinvest into ur account at RM1 per unit. It is very very very good savings account, in fact better than FD. If you are muslim.. u can opt for this account (dont remember which one) which is only for muslim. In this special account, u can expect more than 10% dividend per annum. max for this account is RM250K only.

Other than that, u can opt for capital guaranteed funds which can give more than 10% per annum. Either way works

hope this helps

you are replying his Oct 1 2006 post at Oct 7 2007. Wow it's more than a year dude.

Now doremon is already a pro in this matter

This post has been edited by ViRaViRa: Oct 7 2007, 01:47 AM

hhaaha if he is a pro in this by now, its good! anyway PNB will launch their funds more often now. just have to be quick to grab it lor..

good luck to those who are waiting for the next opening!

ASB is only for BUMI.. what is the interest rate for year 2007? Anybody knows about it?

U will get additional units (1unit=RM1). No actual $$ involved. The only way to get actual $$ is to sell it back to the Amanah Saham.

is there any limit for ASB funds? I mean like the maximum unit the government issued to the public, or is it unlimited? unlike ASN got limit.

thanks!

2007 Dividend and Bonus not yet announced.

No limit for the fund size. ASB is the only fund that I am aware of that has no limit. However, individual limit, ie each person can buy maximum RM200,000.

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??

Hi wanna ask...cos i'm not familiar with this...
I have ASW account...if i wanna top up, is it possible? Min need to top up how much? Or only can top up when Gov said it's available at certain Unit n date ar?

I think you need to ask the bank whether are there anymore available funds to sale. you can top up anytime as long as it's stil available. but most probably it's all sold out of 49% stakes for non bumi. may be I am wrong, no harm ask bank what?

hmm.... What I mean is the interest for the year 2006 will be in what form? Because some of the years ago, it is as dividend [will be credited into your account] instead of paying you a cash cheque...

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.

oh....no wonder, thanks for the explanation! but is that really the answer? or you just guessing? because if that's the goverment incentive, aren't they actually want to let the malay richer and richer? you know what I mean.

Bullshit.

ah_suknat,

The reason why ASB is worth investing in because it is BUMI only while the rest of the ASX is not. Due to NEP, 30% of public listed companies need to have 30% BUMI holding. And, a lot of time, those companies are instructed to sell those 30% holding to ASB. This does not applies to other ASX.

So, ASB is making a lot of money because of NEP. It is EASY to be rich if you are BUMI. The dividend used to be up to 14% per year. You could take a ASB loan (let's say interest rate of 9%) and collect 14% dividend and earn 5% in return. It is FREE MONEY. You do not have to put up your own money. Imagine collecting 5% on 200K for FREE. That is equal to 10K per year.

Nowaday, ASB is still a good deal but less so since more people are sharing the same pool and there are less companies to collect 30%. 50% of KLSE is GLC and GLIC owned. Companies choose not to invest in Malaysia or listed outside of Malaysia.

Dreamer

so if I don't support NEP, should I or should I not invest in ASB?