AS1M, ASB, ASW,ASM,ASG,ASD
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 Aug 4 2009, 08:10 PM
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#1
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Junior Member
351 posts Joined: Dec 2006 From: Selangor  
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Guys, should I rush to buy the AS1M tomorrow or will it be easy to get? Non bumi here...first time buying this sort of fund..might invest maybe 5k into it. Advice? And should I buy it at pos malaysia or maybank...coz i have maybank account so probably it will be easier for me..
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Aug 5 2009, 12:57 AM
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#2
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Junior Member
351 posts Joined: Dec 2006 From: Selangor
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QUOTE(MilesAndMore @ Aug 5 2009, 12:18 AM) A 12-month Time Deposit will yield 3.7% return before mid-January this year. Financial analysts predict BNM will increase the overnight policy rate (OPR) back to at least the level before the financial meltdown by 2011. Some also predict the overnight policy rate (OPR) will actually be higher than a year ago for at least 1 - 2 years when BNM deemed it is time to increase the OPR again. But, for a student with not much investment options, it's still better than FD right? The risk is there but I doubt malaysia fund will bankrupt within this few years...look at proton.About 4 or 5 years ago, a 12-month Time Deposit had a return of 4.3%. It was slashed to 3.7% and has stayed at 3.7% until January this year. AS1M is not attractive at all.  |
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