assuming everyone put in 20,000 maximum, 1.6 billion would mean that only 80,000 malaysians can buy this time.

She managed to buy by 9am. Wow, lined up since 6.30am at the post office.

When the post office just opened today, all the aunties and uncles rushed to the queuing machine and the post office staffs had to scream at them to line up. Hehe, kiasu ler.

maximum lor 20k

Very true. If a person who borrows millions of dollars from a bank requests the bank officer help to buy the ASM units, do you think the bank won't entertain? It makes business sense to help him. If he becomes happy, next time he will want to deal with the bank again, providing the bank the opportunity to earn interests from him again.

Best to buy from post office or PNB offices, less business oriented. However , you have to deal with those kiasu aunties...

No lar.. I meant the big customers of the bank who borrow millions from the bank for their business and sales purchase.

wah I read in newspaper some aunties buy KFC during the March ASW2020...

the day ASM / ASW2020 down is the day Malaysia becomes a failed state.

The social repercussion is just too great for government not to bail it out. It's similar to japanese post office bonds, where almost all japanese put their money into the scheme. Their government will NEVER let the scheme fail, and will defend it at all costs.

The likelihood of that happening is there, being a market economy... but then, if that happens , all your stocks, life savings, ringgit denominated bonds, FD won't be safe either.

hmm..... i don't know how the government going to ensure good returns for this fund... it's beginning to look like the japanese post office bonds...

my mom says she heard from post office that there will be a 1% service charge for withdrawal of the fund... can anyone confirm this??

A staff from post office said got 1% charge for selling of the fund. Can anyone confirm this???

i got mine! at 1pm.

RHB bank OUG KL. Waited for 35 mins.

I think most people run out of cash already, or they might be betting on the stock market recovery towards the end of this year and next year.

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Added on August 5, 2009, 4:39 pmThis rumour could be spread by Remisers or private mutual fund managers. They do see PNB as their competitor.

Those people who said private mutual funds are good, are people who have some stacks in the industry one. Trust me.

This post has been edited by soul2soul: Aug 5 2009, 04:46 PM

I think I know how AS1M is going to make money. Najib is surrounded by top economist advisers, and they do know some tricks to make money. All of these have been planned months ahead.

AS1M

Maxis relisting

Ring any bell?