So how about say MrX have 10000 units to sell and MrY wants the 10000 units. So MrX and MrY go together to the counter. MrX sell, MrY buy up the 10000 units straight away. Will that work?

On paper, it works
However, in actual case it's very difficult as timing of selling may not match exactly timing of buying
In addition, everyone is transacting at the same time too

well it's kinda hard to be shariah compliance but they're going towards that way in future

according to report 75% of investment already shariah compliance, only balance are not (maybe because of banks stock like Maybank which the fund are top shareholder)

Well there's some "time lag" when one withdraw & the units available to system for others to grab

No time lag. The system has to be in real time. Cash withdrawal and cash deposit made are serious money matters, and transactions printed on passbook in real time, can not time lag.

Time lag is an excuse for the counter staff to shuu you away.

No Time lag?

Actually the "time lag" thingy was mention by one our fellow forummer, not from counter staff..

but He didn't mention how long the time lag?


edit: found it. Post #814

This post has been edited by nexona88: Jun 20 2015, 01:53 PM

Like I said before, I "bought" units from other unit holders and I had successfully done sell and buy "cashless contra" transactions several times from account A to account B in large amount and in real time.
It wouldn't be possible to do "cash contra" at the bank's counter if there is such thing as time lag.
Anyway, time lag or not, it doesn't really matters now. As more unit holders relinquish their holdings due to lower confidence factor towards gov linked funds and units are now more easily available compare to last time.

okay

and yeah nowadays don't need to worry about unit availablity but need to worry not enuf $$

Just speaking my mind here and hope to get some enlightening idea here. Ha.

I have ASM & AS1M. My wife and kids have one each, either ASM, ASW or AS1M.

Question is, should we get the other ASX which we each don't have?

Why?

ASW has a slightly higher dividend rate than the rest. But now they are all coming to the same level. So, my lazy muscles tell me no need to get more, as long as each of us has at least one ASX account.

Your view?

Cheerio.

in my opinion, better to get all 3 if possible.. because u can "spread out" your $$ into 3 account & the dividend reinvested is in 3 different month of the year..

when u needed the $$, u can chose which one have the least effect (loss) on dividend to withdraw

but if u die2 cannot open new account.. than what to do.. juz focus on 1 account only & make it so big than some people would jump 14 floor

also if you dont want the counter girl to see your substantial balance, better get more books and use different books each time you go.

I suppose u have 3 books
If u want to top up, u will (i) choose which book to top up or (ii) handover all 3 books to the teller to decide?

Noted and thanks.

My "so big" amount will be 88,999. People will go to the 14th floor for that? Ha. Just kidding.

Good to impress pretty counter girls mah. Ha. Just kidding.

I think they are observant enough to add up the amounts in their heads and say to me, "how come you have so many books and the total amount is still so little?" Ha.

Cheerio.

This post has been edited by plumberly: Jun 20 2015, 04:24 PM

I guess the counter staff commented on your passbook huge balance amount

i usually give them all 3 books, each color one, tell them i want red first ,.. trying to balance the 3 colors.
but red always difficult like yesterday i got to accept all 16k in yellow, end of the day any book pun tak apa...



The balance is always visible in the last page, it can be embarassing when they say wah sudah banyak mahu lagi etc. i have disproportionate amount on different books, as previously i could only top up for kids under 18 and myself. Now i could top up for my kids above 18 and also for my wife's book.

the most they can add up is the 3 books there with them, i like to believe she can not see all our books in one screen at the same time. Or she could really see them all??

say you have 5 ASM books, your self and 4 kids, do you think all the accounts will show up there when you go top up on only one book?

Lets say u give red book for top up ony n transaction successful
After u leave the counter, the teller "can" key in yo new I/C no under each Fund (i.e. gold n yellow) to check yo bal

Seriously don't need ASx account number?

btw how u know tis?

This post has been edited by nexona88: Jun 20 2015, 05:49 PM

If u able to purchase meaning u already fill in the form and pass it to staff, they can see the account no and IC on the form.

Someone mentioned that with the new passbook, one of the changes is the same id no per person for all the ASX.

Then they know who has what in ASNB. I find it surprising if that is the reason for the new passbook change. They can already find out who has what from the MyKad number. So don't know how true is that.

Those who have changed ASM & AS1M to the new passbooks, can you check to see if the 2 account id are the same?

Cheerio.