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

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.

Bottomline Good Investment?

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

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.

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%.

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?

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

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

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.

Wow, i take that u learn fom experience?

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.

Any other comments?

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?

18 more days for ASB & ASW2020 dividen to be culculate

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?

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

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

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.