Yup of course. But the risk is still there. Like what i said the ppl inside PNB may "eat" the money there. Who knows?

This post has been edited by darkknight81: Sep 3 2008, 01:29 PM

From my point of view if there are really ppl 'eat' money then guess gov consider dah collapse also.
PNB is the most stable compare to previous attempt whereby ppl invest in swiss cash?

But that's my opinion not sure what others might worry about.

If i'm a bumi i would have loan 100k asb loan and max it out. Easy money to earn wat.

Does anybody know when the ASW 2020 (September 2008) will release? Bz I want to buy/invest in order to get much more money.

No news on it. If u happen to have any latest update on it do update here k?

But doubt they will announce any more new fund. Maybe in 2009?

Heh, sure. But Im still hoping the rest lowyat forumers would update the news on here about the coming fund ASW2020(release date), or any other coming funds.

Easy to put in these few days as it just declare dividend a lot of ppl are withdrawing their bonus.

Good News for ASW fan

http://thestar.com.my/news/story.asp?file=...4218&sec=nation

Friday September 7, 2007 news???

Make me happy for 10 sec.......

hello i got one question regarding ASB. how long i have to save the ASB to gain the dividen. meaning is in order to get the dividend when is the last date to have the money in the account to receive the dividend?

Ops sorry din see properly.

By the way last week i manage to put more than 10k in ASW as it just give out dividend and ppl are withdrawing their bonus. Maybe tomolo you can try again. I think it will be quite easy to put within this month as ppl are withdrawing.

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Added on September 7, 2008, 8:26 pmFor ASW it will declare their dividend by end of august which means you can get your ASW dividend on 1st of september. Where as for ASM, the dividend is declared at end of March. Which means you can get your dividend during april fool. Where as for ASB i not sure as i cannot put in ASB.

This post has been edited by darkknight81: Sep 7 2008, 08:26 PM

i got questions. let's say, i'm a bumi. i have 1mil. can u guys advice me, where should i put my money. as far as i know i can only put 200k max in the asb. what about the 800k, does it fit in the asw, asm, and asd. how much can i put there max. my objective is to get rm5000 per month income without working. and the initial investment still go on rolling. can i achive it. (let's say the dividend rate of all 4 saham amanah is 7%).

if simple calculation : 7% of 1mil is 70,000per year.
i only need 60,000 for each month rm5000
another 10k dividen, roll back for investment

how to overcome the problem, in the case of limitation in investment of each account? it would be no problem if i can invest 500k in asw and 500k in asb.

This post has been edited by themattock: Sep 8 2008, 03:53 AM

Hmm... If you are bumi then I also assume you muslim right?

7% wont be enough as you have zakat to fulfill every year dear...

so in effect you want to make 9.5% (zakat is 2.5% of lowest amount of your savings that year) to kautim 7%.

Not so easy to find investment like that.

What you can consider is buying a property for capital gain as well as income from rental (abit mafan finding & handling tenants but worth it if you willing to wait for appreciation).

The rest you invest in various stocks, UT, etc...

However, I notice you did not take into account inflation to your calculations... Inflation every year is anywhere from 1-2% to 8-10% (like this year-ouch!).

RM5000 now will not be worth the same amount 5 years from now.

Finally, I forgot to ask-Do you have any DEBT(car/house loan, student loan, CC debt, etc)??? If you do, I suggest paying up your debt so you don't need to worry about that anymore and maximise your monthly income for investments and such.

I am sorry but basically you need to fill us in with more info to get better suggestions.

P/S: I dunno how old you are but I don't think you should quit working unless you in your 50's++... Why don't you look for a less stressful more enjoyable job instead?

themattock,

1) It is 200K per person. So, you can put 200K in your name, 200K in your wife's name, 200K in each child and so on.. I do not know what is the age limit for ASB.

2) It is much better if you do not withdraw the dividend from ASB. Then, your principal in ASB will increase above 200K.

3) So, keep some of your money in FD and use that for your living expense while the principal in ASB is growing by 7% to 8% per year.

4) For inflation hedging, buy a house a to live and you will eliminate a large component in housing cost. It may be worthwhile to pay off any loan with high interest rate. By saving 6% to 7% interest payment, it is the same as earning 6% to 7% except safer.

5) It is more complicated than this.

A) What is your monthly living expense?? At least 3 to 6 months should be in FD.

B) In retirement, you probably want to have 1 year to 2 years of living expense in FD.

6) What is your medical insurance coverage?? How old are your children?? Do you need to pay for college?? Are you going to Haj?

Dreamer

This post has been edited by dreamer101: Sep 8 2008, 09:45 AM

Ohhh very good Dreamer It didn't even occur to me to ask him if he had medical coverage and such.

Btw, Love no.5! LoL! "It is more complicated than this" indeed

Between, how old are you? My opinion is when you still can work better work to earn more money especially during inflation hiking. If everybody think that they got 1 mil then want to stop working then what will malaysia look like? ASB/ASW/ASM is for you to put your money in a safer place and hedging against inflation.

thanks guyz. so, 1mil is not enough to live unemployed for the rest of your life because of inflation factor. rite? surely i wont quit my job, susah nk carik keje. to maximize the 1mil is to maximise all the amanah saham and buy some property and put some in FD.

p/s: how about 6mil... enough arr. kene lottery ke?

If you tell us your age, it be easier to estimate what 'rest of your life' means O_o if you an old fart (70)who got maybe 5-10 years to live then sure enough if level of lifestyle you aiming for is RM5000 a month (barring medical complications and disease...). If you not yet retired 55-60, then not enough... Unless you mean to live in the rural area and spend your days fishing lor - then sure can if live in Klang Valley or Penang then forget it.

Of course, this is all speculative you know... You could get into an accident anytime if it was meant to be. Thus, a balance of enjoying life now and planning for the future is essential to be well rounded. No point being a scrooge then drop dead never enjoy But thats just me...

6mil??? Lets see...

6mil assume you put in 4% FD - 2.5% for zakat = leaves 1.5% which is 90K/annum
90,000 divided by 12 months = RM7,500.

However, this method does nothing against inflation and as the years go by - the value of your 6mil is corroded(by 3-8% EVERY year >< Assume 3% every year only... that means after 30 years, your 6mil worth like 3mil only & your RM7,500/mth is RM3,500-RM3,000/month instead). Also, my calculations are based on the fact you comply and fulfill zakat. If you don't then you have more $$$ la but thats personal religious obligations lar... Up to you.

Inflation is a BIG deal. Alot of pensioners who originally were 'comfortable' (RM500 just 30 years ago was worth a heck of alot more than today) now are below the poverty level. They probably rely on their children and whatnot to get by...

Seriously though, it is definitely possible to live without working with 5mil or more if you work it right... But I feel it is only possible if you got 5mil AFTER ensuring you have no debt, covered for medical insurance to the MAX, if you have dependants and give a shit about them -take out life insurance.

With 5mil(no debt+got insurance)... I would use 1-2mil to purchase 3-5 freehold middle range non-landed as well as landed properties to balance capital appreciation and rental income then hire a property manager to find tenants-deal with them-pay him his cut (10% of rental if I am not mistaken O_O) and relax, I would put 1-2 mil in UT and stocks to maintain certain amount of liquidity (it isn't easy to liquidate properties... process takes too dang long if you need $$$ fast), and the remaining I would put in ASB and FD...

Mind you this is VERY simplified version of what to do with so much moolah~ There are alot of considerations. If you have that much money, you worked hard for it so work just as hard to preserve it la...

Read up, research, ask for opinions, see several financial advisors and consider hiring one - BUT remember NOT to feel OBLIGED or FORCED to invest in anything you are not completely clear about or seems to blardy good to be true...

We can't help you if all you throw at us are million dollar figures. Age, risk level, dependants, work, insurance, lifestyle, etc all would help giving more solid advice.

No, we don't "eat" your money, if we "eat" your money surely I'll be driving a Ferrari or Lamborghini right now... to know how PNB works, you've got to have a LONG TERM view... that's how we survive. Average equity market return for the last 20 years is about 11% and after 2 years of above average return (2006 & 2007), this year we will probably record a negative return. BUT contrary to what ppl believe this maybe the right time to 'collect' all the good stocks as the valuation are compelling enough... 2-3 years down the road when inflation has tapered off, US starts to get their financial system up and running again, they'll maybe winners again... and again.

So you are working in PNB then? What i mean is corruption inside PNB senior management group. Is there any control ? What i mean is if they makan duit we also don know mar rite?

I think what we are concerned with here is catastrophic failures. The sad thing is such failures have a higher chance of happening in Malaysia than anywhere else in the world because the regulators are, sorry to say this,... not smart enough, or easily persuaded to 'go along'.

Diversify some of your assets out of malaysia, that is the only way to go..........