Then do you can really confirm me that ASB limit is only till RM200K??
My gf work in the bank,thats why i say ASB limit for Bumiputera is not till RM200K only,it depends..if you don't believe,go check at the bank...

Yes,most of the customer also thought ASB limit is only up to RM200K,but it's NOT!
It depends also to PNB........

the limit is 200k, the reason some one has more than 200k in their asb is because of accumulation from past investment.

to make it simple, 200k is the maximum amount of money that you can put into an asb account, but theres no limit to how much the investment will accumulate from its compounded dividend

for exampl, today I invest 180k into my asb, 5 years later, my asb already have more than 300k in it, but I still can put another 20k because I haven't maximize my 200k quota.

I need pro to verify this too. coz not very sure. I might b wrong.

Hi, ASW dividend is not announced yet right?

Do I need to update my balance?

Sorry, I am noob...

as correct as it can be. like i said b4, ASNB has their system to verify your available unit 2b purchase by u.

I got one question then, so if lets say I invested 200k I one go, one year later I take out all the money in asb, then can I re-invest again??

yes. but prefer left behind RM10. minimum required to maintain the account and to get some dividend.

hi all,
which amanah saham will give the best return?
plan to invest rm 3000/month until reach the limit.( 200k rite?)

i think asb or asn will give the best return.

so theoritically speaking then the limit isn't 200k then??

given scenario, I invest 200k max to the limit, one year later got 250k (e.g), then I took out rm249,990 because I got emergency need to use the money and leave rm10 to keep the account active. then after that I still can invest rm199,990 into the same account ah??

sorry bit confused here...

yes.

you can deposit back 249,990 back la. cause you already withdraw 249,990. tak percaya, cuba la . or ask asnb people.

---

Added on January 9, 2008, 8:33 amASB if you like the security of fixed price cause they give you dividend and bonus as well.
for non fixed price, i dont la la bro.

This post has been edited by kriel: Jan 9 2008, 08:33 AM

Hi guys. Yesterday I was looking at an ASB loan advertisement from Maybank and noticed something. If you borrow RM20k for 5 years, at the end of the period you will get RM5k extra. I don't really quite understand. Normally you will get RM9+ if you save RM20k assuming you get 8% return per annum but if you borrow from the bank, in 5 years time you will get RM14k+ (9k+5k). I really dont understand, and could someone please explain?

ahahaha....I think you misunderstood the term 5k extra...

what its supposed to mean was, you borrow 20k from bank, 5 years later, what ever the investment had increse, the bank will only give you 5k, the rest they take as loan repayment and loan interest.

but my cousin said you cannot take the money out from asb, they will keep the book. scared you will use the money and go kaput.

so literally speaking, the bank is giving you free money of 5k over the period of 5 years.

its more or less like fixed deposit la I would say. but instead of you need to fork out money yourself as in normal fixed deposit, this asb loan give you money to put in this fixed deposit

---

Added on January 9, 2008, 5:11 pmadd on, in my opinion asb loan is only good if you really don't have the money.

another option is, you know there are lots of non bumi want to invest in asb but they can't, so they look around bumis that can share with them, the non bumi supply the money, the bumi open asb account, then they will share the dividend. try ask any of ur non bumi fren if they interested

which one is better is depends on bank loan interest vs dividend sharing with your partner, and some terms and condition, so u might want to do some calculation.

---

Added on January 9, 2008, 5:34 pmhmm....their system must b complicated...

another scenario...hehe

I invested 180k 1st time, 2 years later I got 250k, I take out 249,990. then when I want to reinvest again, 249,990 is the maximum amount that I can reinvest without using my credit limit, and I can only top up another 20k maximum. am I right??


This post has been edited by ah_suknat: Jan 9 2008, 09:53 PM

yes u are.

thanks for the clarification bro

for the ASB loan, better not take it...

let me give example..

Loan 10K for 3 years
monthly about RM307.

After calculate, if i put RM 307 monthly at ASB without taking loan, in the end, i get more compare what loaner bank give...

ejan_,

To make a FAIR and CORRECT comparison , if you take a 10K loan, you do not have to pay RM307 every month.

After the first year, you could have take the 7% dividend = RM700 to pay the loan. So, in the second year, you only put in (RM307 X 12) - Rm700 = ?? ..

Ditto for year 3. Know how to calculate properly.

So, taking a 10K loan versus paying RM307 every month is NOT the same.

The bottom line is VERY SIMPLE. Is the ASB dividend rate higher than your ASB loan rate?? If yes, it is FREE MONEY. You could use the dividend to pay the interest and after a few years, you get the ASB with little money down.

Dreamer

Yes, i'm understand with you...
Btw, how about this?

with loan, dividend is shared with bank.
Without loan, dividend is totally ours. Even the amount is smaller..
After calculate, you will get more with same monthly amount..

Let say this.. average ASB dividend 7%. BLR about 6%. You will only get 1% every year if no changes. What if dividend low and BLR high? This is not fair... Bank win. Not win-win situation. We still need to pay. Not free money...

fair profit.....safest investment///

For non-bumi, is this still applicable? Since, during normal days like this, we cant even buy it.

sorry bro. only applicable to bumi.