How fortunate to have such a wide range of options to choose from like you!
Historically, ASB offered better returns. Sometimes it gave special dividends.

The recently released fund size of ASW2020 in April'09 was RM2 bil.

The dividend payout is correct if you made your subscription in Dec'08, as ASM's financial year ends on March 31, every year. I recall that ASM released some funds on Dec 1, 2008. You can't expect to receive a full dividend @6.25% if you have just invested for 4 months.

This post has been edited by winner: Jun 3 2009, 06:32 AM

I strongly disagree with this idea, at least for the time being. There is no guarantee that dividend for ASM will exceed 6% next year. Due to the economic recession, I foresee the dividend will potentially go below 6%. It isn’t a good alternative to borrow money from bank in order to invest in ASM and ASW. If the bank interest rate is 3.5% vs ASM dividend @6% or below, you can only make a max profit of 2.5% only! You can simply get 2.5% if you put your money into FD x12 months.

ASB might be a better bet, as it may give special dividend. However, the net return won't be spectacular in view of the interest rate @3.5% and above!

SV proposed that government to give partial loans for our Indian fellow friends to subscribe ASM.

I'm not sure if I did get what you meant. Were you trying to say getting loan for ASB investment is a viable option?

As for ASM, should loans be available to investors, it is a bad investment, as mentioned in my previous posting. Your assumption indicating an annual return of 7% or higher is unjustified, taking into consideration
the dividend payout @6.25% for financial ending March 31, 2009. It is the lowest income distribution level since the fund started in year 2000.

You can transfer the money from your existing MBB, CIMB and RHB deposit acc to subscribe ASM. ASN offices do accept banker's cheque. Post offices only accept cash.

It's unbelievable that all Bumi allocation units have been fully subscribed. You may have a try at other banks and update us.

Don't forget Maybank too.

Past experience shows that ASW and ASM were easily snapped up by Chinese (non-Bumi units or allocation for Chinese) within days or even hours throughout whole Malaysia.

Don't be overjoyed too early. I won't be surprised if the Indian quota would sell rapidly during the last few days before the expiry date. Moreover, lots of Chinese would rush to get a piece of cake so it's kinda difficult to get a share of it if it is reopen to Chinese.

A lot of people will be getting heart broken again.

http://www.btimes.com.my/Current_News/BTIM...icle/index_html

Do bear in mind that 0.6% was reported yesterday. The rate will be getting smaller till 0% when approaching the expiry date on July 20.

Don't just give info like this. Give some details.

Better don't buy at post office. It's quite dangerous to bring cash and que early morning. Post offices only accept cash.

For Malaysian REITs, they provide a yield of 8% or more, depending on the performance of the respective counter. However, the principal is determined by the public market. I bought Atrium REIT at about RM1.00 2 years ago, and they gave me a yearly dividend of about 9%. But the share price has slumped to RM0.70++. I make a loss on paper, and I have no choice but still hold the share.

It should not be a problem if you only bring a few grand. But if you wanna buy the max 20k, queing up early in the morning in front of post office is indeed very dangerous. Unless you go to small town where there are less customers. Further, there is no security guard in most of the post office.

It's only 16th today. Too early to camp!

There is a high possibility that this bumi release fund will be fully subscribed within hours, or 1st or 2nd day.

Post offices only accept cash, while PNB offices accept cheque and cash. If you buy from agents like Maybank, CIMB and RHB, you can transfer the fund from your savings, current or FD account.

New account can only be opened when the units are available.

Previously, I bought ASM and ASW at PNB HQ at Jln Tun Razak using cheque. PNB offices accept banker's cheque, payable to "Amanah Saham Nasional Berhad". This time round, I've already purchased a banker's cheque in favour of ASNB on Friday and will go to PNB HQ again early morning on 21st July.

However, I haven't tried this in Maybank/RHB/CIMB, so that I am afraid I may give you wrong information. If I remember correctly, banks don't accept banker's cheque in favour of ASNB. I doubt banks accept banker's cheque in favour of yourself (your name). Although banker's cheque guarantee payment, it still needs time to be cleared. Therefore, if you wanna purchase at Maybank/RHB/CIMB, it's better to get ready with the fund (already in your deposit account in the specific bank) at least 1 day earlier.

Based on my experience, I subscribed SUKUK government bond at Maybank using banker's cheque on the 1st day the fund was launched. However, SUKUK is a different story as the fund was only sold out in 1 week.

I suggest you to give the respective banks a call to enquire whether they accept banker's cheque. As I mentioned earlier, if you plan to subscribe ASM at bank, it's better to ensure your fund is already in your savings/current account at least 1 day before ASM is open to the public.

You can open a new account at post office, provided that you are able to grab some units on time you wish to open the account. FYI, you can't open a "blank" account at any post office/bank/PNB office.

Good question. Something that most people including myself overlook it. I suppose PNB officer at counter will not allow you to buy, unless you have another banker's with smaller amount or cash. Therefore, it is wiser to split your 20k banker's cheque into 2 or 3. But you'd better make an enquiry with PNB 1st before you do this.

Alas...I have already purchased the banker's cheque in 1 piece!

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Added on July 18, 2009, 4:18 pmI'm not sure about the business hours nationwide but in KL and its surrounding, most banks open at 9.15am, post offices at 8.15am and PNB HQ at 8.00am.

For security purpose, I would never bring 20k CASH to que up at a post office in KL. You may bring cash only if you only buy at a small amount or at a post office with less customers in small town.

This post has been edited by winner: Jul 18 2009, 04:26 PM

I need to clarify this query here. All the while I used to subscribe ASM and ASW at PNB HQ using banker's cheques payable to "Amanah Saham Nasional Berhad" . I made an inquiry with PNB just now, the staff told me that PNB also accepts banker's cheque in favour of yourself (your name). Also, the staff confirmed that PNB accepts a few banker's cheques for one purchase, i.e. you can split your RM20k purchase into 4 banker's cheques at RM5k each. This will ensure you to get some units if the units available fall below 20,000 during your turn.

Don't underestimate it. Those who were disappointed for being unable to snap up ASW2020 last round will go all out for ASM this time.

No offence here. Why don't you read the thread thoroughly? It has been asked and answered over and over again!