after some thought, I think getting a bank loan to invest in asb is actually better, but with some terms and condition to make it more advantage.

as I had mentioned, my cousin told me that the bank have this type of scheme where by they give you this loan just to invest in asb under your name, the condition is you can't take the money out and the bank will keep the account book, for a certain period, say 5 years. In the end of the 5 years term they promise to pay you a xxx amount of money, say 5k. so if you took the loan scheme, you virtually don't need to fork out money to invest in asb, you ALSO don't need to fork out money to pay the loan too!

in short, its like hitting 2 birds with one stone, you get your dividend from the loan, and you can use your own money to increase your investment.

sounds too good to Be true?? IMO that's how bank earn money too, bank wanted to invest in asb as well but they can't because of the quota system, so the scheme is llike indirectly using the public's name to open massive asb account for them, which in return give 'borrower' dividend. this scheme work exactly the same with finding a non bumi to sponsor money to bumi to open account.

ah_suknat,

Just make sure that if the ASB's dividend rate went down, you still get the ASB. If it is, you make money out of nothing.

Dreamer

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Added on January 12, 2008, 9:41 amejan_,

You are making money with other people's money and you complain?? With loan, you are making money with other people's money. As long as ASB loan rate is higher than ASB dividend rate, you make money.

<<with loan, dividend is shared with bank.>>

With loan, you could buy more ASB.

<<Without loan, dividend is totally ours. >>

Without loan, you buy less ASB.

<<What if dividend low and BLR high? >>.

That is the risk that you take.

Dreamer

This post has been edited by dreamer101: Jan 12 2008, 09:41 AM

Must be typo, it should be :
As long as ASB loan rate is lower than ASB dividend rate, you make money.

Oops!!! You are RIGHT. So, someone is actually reading my post and do some thinking on the side :-)

Dreamer

thats why I am scratching my head trying to figure out what ur saying

anyone kno when is the next time can buy ASW?

I think government will announce on newspaper if they open the fund for sales again.

i still prefer the unit trust...
actually i depends on how good your financial consultant...
there is a lot of things to consider in term of the fund...
a good financial consultant will always tell the truth...
and consider all the factor...
then u will make more money that ASB or ASN2020 =)
like me...=P

hye..i'm new here..regarding on unit trust..it is a medium to long term investment..
my friend invest in CIMB unit trsut for 2 years and the average divident that he got is 14-17 percent..
also got bonus unit..but my advice is search for a very good agent..that will contact you if price changes significantly..
i think the best unit trust is Public Mutual and CIMB unit trust..

This post has been edited by b4sh88: Jan 25 2008, 12:43 AM

Dude, actually it depend on the individual.
I had given a long thought to invest in unit trust but then I decided not to risk my initial investment due to unit fluctuation prices in unit trust and the fees imposed to the fund.
I always dump all my money in ASB and let it accumulated in there. Now I want to venture into property investment as my uncle going to sell me an under value a piece of land nearby my parent house. But then again once I manages to get the return of investment from that land land, I am going to put the money back into ASB.
For me Amanah Saham will always the safest way to save my money with low risk (nearly to non existence) while getting dividend which is higher than the inflation rate.

This post has been edited by chikanot: Feb 2 2008, 01:04 AM

want to ask some newbie question here,if recession happen,will it affect ASB,ASM,ASW,ASD,ASN BADLY or SLIGHTLY?hope some pro here can answer this.THX

anyone know if i want to withdraw money out from ASW2020, can i get the money straight away? like taking money out from saving account?

Yes.

At lease you know that for ASB, ASN, ASW and ASD your capital will be protected. ASN however is variable prices so like other variable unit trust its value may go down.

u are non-bumi right??
if u are non-bumi and you would like to withdraw from your ASW2020,you can only withdraw when government open the fund...

what you mean by "when government open the fund", when non bumi can buy units ?

anyone can confirm what terryykf said?

i guess he means buying additional units. but, if u wish to withdraw, u can withdraw anytime... just like saving account.

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Added on February 7, 2008, 9:56 amurm the minimum amount seems to hav increase to RM100 if im not mistaken...

This post has been edited by yiivei: Feb 7 2008, 09:56 AM

My mother bought Amanah Saham Wawasan 2020 when I was young (don't have IC then)

Now I plan to sell it off.

1) Where do I sell it?

2) What is the procedure? What documents do I need to bring?

3) Do I need my mother to be there?

Im planning to open a ASB. Im a sabah bumiputra. My dad kazadan but my mom chinese. Since im following my dad, im bumi . Is it? Correct me if im wrong. I have ASW2020 but i don't have ASB. After read all these. I see ASB quite interesting in the return compare to ASW2020

It means that i can deposit my money up to RM200k for ASB and unlimited for ASW2020 is it?



If i invest RM100k and keep it for 10 years. I will actually get RM100k interest for 10 years. WOW. That with 7% interest.

should be a bumi.

Wanna ask 1 more thing most important. Im as a bumi. Can i buy ASW2020 anytime i want or i must wait for the govt to issue the fund?