I have RM40K cash right now in my house. Tomorrow thinking to open ASB account. Is it worth it? No mutual fund or stock involved please. I lost RM20k already for this mutual fund and stocks.

This post has been edited by doremon: Feb 17 2009, 03:40 PM

How long do you intend to invest it?

I want to make this as my EPF. Coz place i work i decline my socco and efp. My salary i get net. So looking for 30 years above.

ASB gives a return of abt 12% normally so it's quite a good investment... other funds u really have to monitor them and also u have to go in at the right time

Bottomline Good Investment?

those are probably the most rock solid investment. Either that, it's FD.

Mutual fund, stocks, at this time it's not stable and risky.

excellent investment.... u can also try ASW2020 or ASM which also offer returns of abt 6% p.a...... there are a lot of new mutual funds which invest overseas. those are good investments as well. i invested in this fund where they invest overseas n now my current return is 10%, n it's been less than a year!

FD the rate so low 4.7% upmost. I rather put all in ASB or ASW.

i think u should put proportionate ur extra cash.... probably 10% in ur Savings A/C, another 20% in FD (1 mth maturity) and the rest in investments... that way u have some $$ for a rainy day....

but of course the ratio is entirely up to u...

Well, if i invest in ASB or ASB, i can always withdraw or draw certain amount of money. So if i invest 101% also should be any problem.

Sorry, hijack your thread for a question.

I always heard about this ASB and ASM2020 etc. Where can I buy it? Is it only reserved for Bumi?

Buy it? I'm not sure about that but if for non bumi best go for ASW2020. For bumi is ASB. I heard this year will be 9%.

Some of the fund such as asw2020 is unavailable for non bumi. Just few weeks ago, RM1.5B sold out in 30min
As these fund is by government, it is safe and returns are quite high. So it gets sold out very fast except bumi quota.
You may think of allocate some of it towards FD. As the saying goes, Don't not put all eggs in one baskets.

Uhm, asw2020 is available for non-bumi also. I think you meant ASB, that's just for bumiputra.

ASW2020 the latest 1 available for non-bumi while ASB all for bumi

Last year only 9% kua. Been at that level for a coup of years already. It was 14%++ when it first started.

I had around 40k cash too at the beginning of the year. 10k in ASB, 30k spent buying real estate. enough for dp + law fees + loan fees.

Good return

if ur a bumi just stick with asb la, gurantee not to lose money and safe summore, return even better than some unit trust, no agent fees also, unlike unit trust got fees involve...

what I meant is the non bumi quota is all sold out. Cant buy anymore. I believe the bumi quota is still available for this. I had invested in asw2020 and so far the returns had been good..

go to maybank...they hav sumthing like FD wit a return of 6% per year, but minimum is 3 years...

Adrianocy,

Check the investment thread. Someone claim that the fee is very high for this investment option and you get better return with FD since there is NO fee.

Dreamer

Bank In 40K yesterday. My heart was pounding like mad when holding 40K cash. Bank people was shock. hehehe. After bank in, show the bank book to my parents. They so proud and willing to give another 40K for ASW2020. What should I do? Shall I proceed?

Your parent is so kind to give you additional 40K for investment. Take it and increase your ASW2020 fund.

Hehehe. But got 1 problem. They have to keep the ASB book . Means no withdraw.

I think it is a good idea not to withdraw unless if needed for emergency purpose. Surely, your parent will release the book for you if needed.

What if i get myself involve in MLM. Exp: UPTREND. Looks like if a good way to make quick $$$

Dun get urself involve in MLM if you do not know what you are doing. Anyway, there is no quick buck business else everyone in Malaysia is rich.
Besides, I had personally went to Uptrend office in PJ since fren ask me to listen to their business plan and I find it not a very good as it focus on RECRUITING cause you can't sell the product as it is too expensive.

But the plan is Only to get only 7 people (Platium) under you and culculate your pair (Each pair RM57). Looks like very easy money.

nothing is ez
must be something u dunno

no pain no gain

I had mentioned that this plan is focus on RECRUITING. Besides, you need to do balancing in order to get the commission. In other word, your left and right downlines had to be same number of people. This is very tricky situation and very difficult to achieve. I also believe that they will tell you that you can make faster money if you invest like RM2000++

My advice to you is that you do not join unless you can get lots of people to invest in the business. MLM is not for everyone. You will need to go out and meet and talk to many people and convince them to join you. Basically, you will need to sacrifice your time for this business. Consider these factors before you embark on it.

Wow, i take that u learn fom experience?

I did a few others before and know how it is being run. Not worth the effort. When things dont turn well, ur downline will blame u and demand refund. Sometimes relationship does get sour due to this even if not your fault.

The sentence can be changed ->
you go out to find 7 dumb people to feed you while the dumb people find others 7 dumb'er' people to feed them and cycle goes on while the top level people getting richer and richer due to exponantial growth of the pyramid -> MLMers will tell you it is not a pyramid but business plan (nice word).

Easy?

ASB is great your money will double every 7 years

Well I second that. It will effect on relationship (sour). But currently they recruit people by using certain forum (internet) and broacher to places (Example: Ampang, wangsamaju Pj Puchong etc). Sometimes they use pick hour to distribute flyers and short notes at putra LRT. Currently my brother (who by the way forcing me to join UPTREND) earning RM500+++ daily (If manage to close Platinum). The profit rolling goes on and on if they manage to close any new member. Well, they also use jobstreet as a bait to recruit people also (Using jobstreet agent to get free posting). Also many other tricks. By doing this, one of my closes friend earn RM5k (the one willing to upfront money for UPTREND to me) and he show me the cheque. So bottomline I feel jealous (Sorry to say but true) because I been working like hell to get RM250 one day, while those people just (goyang kaki) get RM1000 daily. You all tell melah.


So your point being? People nowadays are so selfish. They don't care about others. If there's anyway to make fast money, they will grab it (ASAP). You are right about the seeking for 7 dumb people and goes on and on. But nowadays with internet facilities and smart way to approaches to public, they might getting 2000+ people attention and get 10 people to register. Not bad for 1 day. Means they have to work dam hard. But they don't care. But I am telling you the smarts way is thru jobstreet. They simple put catchy words to attract people. Basicly recruiting people is easy is just that how to close them. If 100 people gather sure 3 or 4 should be able to close.

Are u sure? People say ASW2020 far more better then ASB.

Doremon,

The problem with doing unethical and illegal stuff is you only need to get caught ONCE. Then, you go to jail and your whole life is destroyed. Is it really worth it??

Reputation is one of those thing that you may not think it worths something. But, as soon as you lose it, you will know how valuable it is. You and your family will live with it for the rest of your life.

Dreamer

P.S.: There is a significant difference between being selfish and stupid versus selfish and smart. You may not care about others aka selfish. But, doing unethical and illegal stuff is just plain stupid. Is the reputation of your whole life only worth a few thousand dollars?? That is stupidity. If it is a few million s dollars and you do not have to work for the rest of your life, it might worth the risk.


This post has been edited by dreamer101: Oct 5 2006, 08:39 AM

Any other comments?

asb is good as asw2020,the most important,ur investment is safe.

ASB/ASW is capital guaranteed investment. That's really a good thing.

That's right, thats the best features of ASB and ASW that makes it so popular. It has no downside risk, but currently give better return than FD. (But bear in mind ASN is not, since its variable pricing (price change daily). Another great features of ASB/ASW and ASN is that its liquid, you can withdraw anytime without any penalty (except that you can't withdraw at the time they are calculating the bonus/dividend, usually took less than a month every year). Visit PNB website for more info http://www.pnb.com.my

A very smart move by your parents.

This post has been edited by vergas: Nov 16 2006, 12:07 AM

where can i purchase ASB or ASW? through bank?
and as someone mentioned earlier, it has been sold out.
when will it be available again?

You can get it via selected bank and post office. Only bumi share is available. Non bumi quota is all taken up and nobody knows when it will be available again.

This post has been edited by cuebiz: Nov 16 2006, 10:58 AM

asb is always available,the only limit that they impose is the individual limit which is 0.5 million ringgit

just wanna shared with u some knowledge about saving and investment
1. In the bank as a saving account or even fixed deposit.. in average returns you wil get around 3-4% (depend on the number of month) interest/profit - NO RISK
2. in ASB and enjoy deviden like 7-8% per year (A bonus 2.25% is meant for those whom save more than 10 years) - NO RISKS
3. in Tabung Haji yet get like 4-5% dividen - NO RISKS
4. in Bank Rakyat (15% dividen for the last 7 years) too bad it is not longer available. - NO RISK
5. in EPF (compulsory) and get dividen 4-5% per year - NO RISK
6. to your friends..let him do some business.. RISK? Yeap.
------1. You will lose the money due to no profit, thus
------2. Lost a friend
7. in share market and get profit in short term...but you have to daily monitor the share...RISK or you might to CONSIDER take some moderate risk by saving in unit trust and enjoy like 8-12% profit per year.


btw, doremon which mutual fund you had invested before?

If I recall correctly, the limit is RM200k only.

I prefer to take advantage of this limit first, then with RM200k safe, you can use the excess in risky investment like stocks etc. Even if you lose all in stock you might be able to sleep better at night if you still have RM200k secured nicely so you won't have to think of not having to eat for the day...

what is a unit trust?...hehe..sorry for the newbish question, as i only invest in asb so far....Does it have any minimum amount of investment or anything like that?

vergas,the limit has increased to RM500000,i think it has been 3-4 years...with this limit

unit trust is same as asb, asn n stuffs, its a mutual fund.

I think you are right.

" "We subsequently abolished the limit for our seven unit trust schemes except for Amanah Saham Bumiputra where the limit is 200,000 per buyer. "
http://thestar.com.my/news/story.asp?file=...3892&sec=nation

Basically the limit is RM200K since the subscription price is RM1...

Hmm well perhaps yes and no. Yes in the sense that both are funds and that they both invest in stocks and bonds. No in the sense that ASB, ASN, etc are run by PNB - which is the government investment arm, so they are very conservative. Public Mutual is not any less careful, but they are privately run so have more "room" to operate (both upside and down). Just my 2 cents...

Regardless if you are Bumi or Non-Bumi if you haven't decide on long term investment, place it at any PNB product. At least you will get some return from your hard earn cash.

The another advantage is it is pure liquid investment, where at any time you can withdraw you cash without losing the principal not like another investment product.

Are there worth it?

As a Banker I say definitly say YES!

no need to think hard.. put all yr money in ASB.

where can I get info for ASB,ASM...etc can't find the link in pnb.com.my also is there age limit for ASM? thanks

Sorry bro for the late reply. Mutual fund i don't there to get my head involve because i don't totally understand what is all about. Personally i think is totally pointless to get agent to manage our money. God knows what the heck they doing with it. Coming to the year end. Can't wait to see how much this year dividen for both account ASB & ASW. WHat happen to ASN. Heard people say it's totally useless?

just curious initially if i invest RM1000 in ASW
when i want to sell all my units
how do i calculate ?
is it still RM1k OR
based on market price 1k*RM0.60 per unit

Strange, the person who you replying did not mention Public Mutual at all. Please read the statement carefully before you answering that. It's with 100% agree that, ASB, ASN are in mutual fund category. Just the fund managers are different.

Thing is, if with Amanah Saham stuff being mentioned. Its units are selling like hot cake. If me got the chance, i would put all my $$$ to it too.


It counting on how many units you need to redeem. Since what you got is the number of units held, no longer the amount you invested. Since you wanna sell your units. To the fund manager, they repurchase from you. Hence, based on buying price listed(or to be more exact, the NAV. As both normally are the same).

Correct me if I'm wrong.

This post has been edited by edifgrto: Dec 9 2006, 11:23 AM

18 more days for ASB & ASW2020 dividen to be culculate

ASW is a fixed price fund at RM1.00 each, so there is no published NAV as other variable pricing unit trust.

Go to Maybank or CIMB bank and ask for Amanah Saham Nasional Master Prospectus. ASM age limit is 18+, or a guardian for those above 6 months.

@doraemon, yes, I'm waiting for the dividend as well, what's the % you are expecting?

This post has been edited by vergas: Dec 14 2006, 04:47 PM

Hi mate, means no matter how, won't lost money in ASW?! By the way, you are talking about the unit holder selling or buying now?! And, how is the calculation(for both cases of selling and buying processes) like if according to what you mentioned?

This post has been edited by edifgrto: Dec 14 2006, 05:38 PM

I tot ASW already announced the dividen already on 31 Aug? ASB yes la. End of this year

That is correct, you won't lost money in ASW since its fixed price at RM1 (but NOT ALL PNB's unit trust is fixed at RM1.00) The fixed price like ASB & ASW are not like other private unit trust like public mutual etc where there is a spread between buying and selling of between 2% to 6%. That's one of the reason why ASB & ASW is very popular.

This post has been edited by vergas: Dec 15 2006, 04:02 PM

hummmmmm 10% will be my dream keke. But let's say if i keep in 50K say around 15 December, how many % should i be able to get. Say that year is 9% of dividen. SO 50k + 9% is it?

um.. I wonder how we can get our hand on asw or other non-bumi share

today ASB close for 2 weeks to count the interest hehe..
i have all my $$ in my ASB but.. i only got 2.4k now ...
pity me...

Haaa ASB close already? Aiyo rugi already. Wanna put more saving

I managed to buy ASW2020 last week for just 1k.. then no more even i tried to attend the banks several days with no luck.

asb dis year brapa % dividen?

when ASW will be available again? i relaly wanan put some money in....

Beats me bro. That we need to check at pnb.com.my or something Can't remember for sure


Check with the nears bank that provide those service such as Asb, Asw2020 etc. They will let u know

non-bumi want to buy really susah eh.. sad sad sad. i wanna throw some money there too.. thanks to doremon for bringing this topic up.

For non bumiputra try go for fix deposit, ASW2020,ASN. Since this topic no focus on Stock, Unit Trust I heard somewhere around kl HSBC (around central Market area) for FD goes up to 5%. Best part investing on ASB,ASW2020 ASN etc is if they go down all the other bank goes down too. Because those are under government supervise.

Its not announce yet. Sabar, sabar....

went to maybank and ask all full. Ai.. got lubang or not? for ASW

no sure bro. I have ASW2020 book with me but the amount is RM0.00 since i transfered all the amount into ASB. Now not sure mine still valid or not. Later i will check with bank

Try to tackle the girl behind the counter and belanja her makan. Then ask he to call you quickly if there are available units. Kill to birds in one stone mah...

Kekeke Joke of the Day lor . How come u that funny hehe

you check also no use.. you sell all your ASW already. Anyone got lubang to get ASW, PM me I ll reward you accordingly.

brader doremon, do u have asb loan? can terminate or not? any prob to do so?

Don't Ever use Asb loan for your saving or investment purposes. IT'S A WASTE OF MONEY. Refer to the webpage give.
WHAT HAPPEN IF U USE ASB LOAN. Sorry it's in bahasa Malaysia. Hope it helps

wat for? ASW unit still have for Bumi ma...

You mean still avaliable for Bumiputra only for ASW2020 or still open to all?

bang doremon, is it true asb always better than FD? how about asw?

today will announce. hope they publish it in website becoz today i want to decide my asb loan future


u r right. i don know y i was being stupid to register for it 6 months ago(actually just follow my fren). already menyesal and now want to terminate it after receive dividen (next week maybe). but don know the clause

ASB Dividend 7.3%, Bonus 1.25%

So little lor. What happen? Last year 8.5% is it? What happen to the government nowlah

u r right. i don know y i was being stupid to register for it 6 months ago(actually just follow my fren). already menyesal and now want to terminate it after receive dividen (next week maybe). but don know the clause

[/quote]

BRO, don't call yourself stupid. If u call yourself stupid I will be more Stupid coz I don't mention this thing earlier So sorry. Last time I also almost got suck in to all this nonsense. But lucky someone help me out. Someone in Lowyatz enlighten me. I thank you for that person (Forgot his nick ) By the way, Mlm is even worse money sucker. If u know what u doing then it's ok to get involved. If u don't or just get involve cause of your friends, then u looking for trouble. If Mlm is as successful as they say means everyone will be rich (Including Bangladesh, Indons, Org Asli, Org Gila etc). Just a quick tip Never loan (If possible), never use or apply credit card (unless it's prepaid). Reason saying this is because I get my stupid head involved in mlm. Work like SoH**,FU*K,Cor*SU**ER and get little return. I don't to say the company name but it's a recruitment concept. ******* I invested RM2k+ plus upline promise me heaven and earth (The guy is my neighbour) the whole family involved (Know for 21 years) choose to ignore me after I invested RM2K+. Bugger once I pour money everybody started missing. Bloodyhell. MY OWN NEIGHBOUR. Now I really frustrated and I already decided to go for this Bank investment method such as ASB,ASW2020 etc. It's slow but u get the satisfaction. Imagine you work like hell to earn and matter of split second it gone. How do you feel?

u must be involve in LB
i heard ppl said 90% failed to make money,only few % earn big money

This post has been edited by yhtan: Dec 21 2006, 02:44 PM

LB? What's LB? Is it Left Back in soccer field? Care to redefind

eh, two Amanah Saham investor duno what u guys are talking about?

ASW - Amanah Saham Wawasan = for bumi/non-bumi.
ASN/B - Amanah Saham Nasional = for ONLY bumi.


went to pos office, they said i can open ASW account first and try luck. Open acct requires RM100 but they dont gurantee got fund for me. So, how?

I suggest you try your luck. Its nice for the post office guy/girl to ask you to try your luck, some will just say "sudah penuh".

The fund will be available when other people withdraw their money. So you can get lucky.

This post has been edited by vergas: Dec 22 2006, 08:16 AM

One quick question, what you mean by withdraw? Currently I have ASW2020 bank book but it's 0 amount as I transfered all my money in ASB. So it has been 6 months already with 0 value. So am I out of ASW skim now?

thanks vergas for the reply.

They said only can "tambah", what mean tambah when all non-bumi quote already full? I dont understand.

Today I read the news about ASW2020, there are still lots of units reserved for Bumis. If you are bumis, I strongly suggesting you to go and buy that. Grab the chance!!! This ASW stuffs, I can put full confidence in recommendation man!!!


Have a nice day.

just read the news today.
how to calculate how much we got for dividen and bonus?

ASB Result :-

http://www.bharian.com.my/m/BHarian/Friday...235042/Article/