So does that mean I can go to Pos Office/ CIMB & Subscribe? What do I need to bring & how do they accept payment (cheque etc)? Never subscribed to ASNB stuff before, but have some liquid funds & want to lock it in....

Thanx for the info, went earlier & got my ASM... this + Sukuk & structured investment covers me for moderately secure / investments, time to look for something speculative....

So, 0.4% of 15% of 3.33 billion.... so still got RM 1,998,000 left for the next 11 days....

Are they still gonna maintain the 50:30:15:5 quota for the Jul 21 round of ASM?

For the new allocation 21 to 27 July, will they still follow the 50:30:15:5 quota or will it be first come first serve up to the 20k limit? I won't be able to go until 23rd, & scared all allocation taken up only...

I topped up existing ASM recently, & they required a (fairly short & simple) form to be filled in.

dreamer101,It's easy to stand on the sidelines & question people about their alleged lack of knowledge with random questions & CRAZY CAPITALIZATION. There is always incomplete information driving any market - it's why we have a lucrative consultancy industry.

Now, if you have any actual arguments (or even better, evidence) as to why PNBs implicit govt guarantee is not believable, please present them & live or die by the weight of your arguments. If you're just gonna sound like some crazy irrational OMG TEH GOVT IS GONNA ROB US!!!!! conspiracy theorist with snide asides about how everyone else is a sheeple while you're the lone proud Doubting Thomas, sorry, but those questions you like asking everyone else about WHAT they know & WHO are they to recommend to others? Ask and answer them for yourself first.

In short, dreamer101 (& to a lesser extent, Lawyer1), put up or shut up.

This post has been edited by snowcrash: Jul 19 2009, 03:58 PM

Lawyer1, so far you've not given any evidence or even reasonable speculation to back up your prior posts. You just come to a public forum, say X is gonna happen and don't offer ANYTHING to support it. I am merely asking you & others to back up your statements with something more than what you have provided. Even reasonable speculation or guesswork would be better than the random drive-by commenting of your last post.

BTW, 'put up or shut up' is a metaphor. I cannot (& even if I could, I would not) silence anyone in a public forum. But I can call them out if they're statements are devoid of any supportive reasoning.

As to your being hurt and or disgusted, it's a public internet forum. Expect to be criticised & kindly build up your tolerance. Frankly, if my previous post has led to you stopping your unsupported statements, I reckon that I've done 'others' a favour. If you can't be bothered to elaborate on your theories, don't fault others when they can't be bothered to take you seriously.

I ask again out of common interest & courtesy - would you like to elaborate and support your own theories?

Which track record would that be dreamer101?

A singular event that took place years ago under a different administration & a completely different political climate? A climate where the leading political party was secure enough to undertake such damaging actions due to the weakness of the opposition party at the time?

Or the track record of the returns of the ASM fund for the last 5 years, which has comprehensively beaten the FD rates by almost twice, including in a prior recession?

Please clarify which track record you're referring to.

Harga is RM1, no service charge. Dunno abt your first q. I suggest you fill up as much as you can before going to post office tomorrow.

Phew. Just got back from post office, managed to get my purchases Got there at 8.20, already 'only" had 8 people in front - it's a small one, and only open 6 weeks ago, so I think Auntie/ Uncle division not really know about it. There was one uncle with 2 books, but there was this 20-something chick who was holding like 6 books as well ....

Good luck to everyone, hope you get your purchases in before the Auntie/ Uncle Army!

This post has been edited by snowcrash: Jul 21 2009, 09:27 AM

Wow. Less than 1.5 days to pump 1.6 billion.... congrats to everyone who managed to get their funds in & to those who didn't, don't let this dishearten you. We'll go through this again - w/ AS1M/ ASM/ ASW - & together we'll defeat the AA*!

*=Auntie Army

This post has been edited by snowcrash: Jul 22 2009, 11:42 AM

Wow, hostile much?

Uh, dreamer, maybe you should re-read those 2 quotes. cheah doesn't mention ASM in those quote, only ASW. The quote are internally consistent.

Regarding your query about how ASM is fully subscribed when ASW isn't, keep in mind that ASMs Bumi quota is released to public after a while, ASW (AFAIK) is not. As such, ASM is fully subscribed as for many non-bumis, it is their best option when ASW becomes unavailable for them (while simultaneously still being available for Bumis).

No real way to tell during 1st year launch period.

Personally, gonna have to hold off as I'm no longer looking to park money, thinking of dipping my feet into share market instead during any upcoming dips. Maybe next year, once the returns are in....

Bernama

Key points:

AS 1 Malaysia will be opened for public subscription... beginning Aug 5, 2009 till Sept 3, 2009,"

fund will be invested in Malaysian companies with its yield benchmark according to 5-year Malaysian government yields which currently hovers around 3.7 to 4.0 percent.

"During the offer period, subscription of the units is subject to an allocation of 50 percent for Bumiputeras, 30 percent for chinese, 15 percent for Indians and the remaining five percent for other minorities,"

The maximum investment limit during the 30-day offer period has been set at 50,000 units per accountholder for those between the ages of 18 and 55... for those above 55, is set at 10,000 units per account holder

So racial quota still in place (but only for offer period), & now offer period limit is 50k....

I don't think so, need to take your fingerprint etcetera when opening acc (if like ASM)

Short answer is yes, if there was a scenario where ASNB collapses, it would be very much in line with the Malaysian economy (not the government, the whole economy) collapsing. It would probably have to be something a magnitude worse than the late 90's crisis. If that DOES happen, you're probably screwed no matter where in Malaysai you keep your money.

Ennnh, anything that screws the M'sian fundamentals so badly that I'll need an exit will significantly impact Sg as well. Probably not as much, but it would be unpalatable as a lifeboat. Personally, my escape route is much further south...Hope for the best, but always be prepared for the worst.

This post has been edited by snowcrash: Aug 1 2009, 01:12 AM

No need to have an account, you can open accounts in post office. Remember to bring IC.