They did not reply to all my questions. So I replied and asked them "if there is no announcement by 31 Dec 2015, then it is status quo as fixed price funds?"

Their reply:

Yes, if there is no announcement all product features remains the same.

So, a case of no news is good news! Ha.

But still, keep your eyes and ears open till 1 Jan 2016! Ha.

Happy 2016!!! And no more donation please, Ah Jib!

Ha ha. Now I know who is one of the 3 > 1 million in ASX. Congratulations!

More than RM5K money for nothing every month, tax free!

I know one of the other 3 millionaires in the survey. That makes 2 of them so far.

Sorry, I have to respect his privacy.

If my memory is still OK, there is no ASX dividend due in Jan 2016.

Right?

Why?

Red flag - complication with the potential FP to VP switch on 1-1-16 (ASX will be frozen for about 2 weeks before the dividend and thus should withdraw before that frozen period if the switch is confirmed).

Dire strait if they announce it during the frozen period. Ha.

Thanks.

Thanks.

My decision to withdraw will depend on on whether they change from FP to VP or not.

I will still withdraw even if KLCI is > 1800 if they change to VP. Why? My crystal ball tells me a gloomy global market and better stay out till the storm has died down. Ha.

Cheerio.

This post has been edited by plumberly: Aug 23 2015, 09:27 PM

If insider = my brain cells, then yes! Ha.

I do not mean to create "panic" here with my query earlier.

Just want to be 100% sure that none of the ASX will be frozen in Dec for dividend in Jan 2016. If so, decision time on whether to withdraw in early Dec 2015.

Cheerio.

I kinda agree with you.

Partly to cover for next year and also the drop in KLCI in recent months.

But 6.6 or higher will be most welcome any day! Ha.

Spoke to my Minister here this morning.

Realised that the FP funds had their FP status renewed in 2012.

Were we aware of this renewal? No one panic then?

Hope that the 2016 FP renewal will be like in the past with no twist and turn. Ha.

P/S Who was the Minister I spoke to? The Home Minister. My wife! Ha.

I don't think so as the feedback from ASNB is, no announcement if FP is maintained.

I second that.

Not bad.

Maybe around 5.5% for 2016 in view of the gloomy global economy.

Sifu, do you know on top of your head, what was the carryover % from 2014 to 2015 for ASW?

Thanks.

So if I read it correctly

2014 - 2015 2.7% carryover
2015 - 2016 2.1% carryover

looks like ASW did not do well this year (smaller carryover AND also lower dividend rate).

Cannot expect it to do magic even during bad time, right? Ha.

Because it is FP at RM1 (=100 cents), it makes cents and % the same. Thanks God! Ha.

Let me see,

.... the spelling? Ha.

Magic can still be real, true. Just that we cannot fully explain it with our current knowledge.

Illusion is not true or real. Just that what we see is not real.


P/S Ah Jib's show - magic or illusion?

My bet is, it will be the same as ASW, i.e., 6.4%

It is only 1 month apart for ASW & AS1M. They started a trend where ASX give about the same rate (unless there is something seriously wrong where they cannot adhere to the same rate).

They already know (or rather decided) on the rate 1-2 months before the due date.

Cheerio.

Thanks for the infor.

This is a concern to me with 3% owning 85% of the fund.

I thought the intention is to spread the rewards across the population. Yes, it is up to the rakyat to join.

Do you know the makeup of this 3%, bumi and non bumi?

Thanks.

I see. Thanks.

85% of RM5.7 billion = RM4.8 billion owned by 3% of ASD subscribers

Assuming 100,000 subscribers, then 3,000 own RM4.8 billion.

Equals to about RM 1 million each.

So .....

Good infor on the passbook status. You must be the SIFU of sifu here!

AA
I wonder why did they change the passbooks even for the VP funds (ASN & ASG) where they already have the NAV column.

Observation -> analysis -> deduction, my guess is for all to have the same passbook format and computing platform.

Next question is why?

I thought one speculation earlier was to enable people to update the passbooks on their ATM after purchases on the net.



BB
ASD's FP is also due on 31 Dec 15. That will be interesting to find out if there is any change.

Cheerio.

I can see one good reason (sorry, slightly off the topic here).

Politicians, dept heads, etc are very busy creating new demand for this and that. Why? They know which companies can cater for the demands mah! Ha.

How much money is involved in changing to the new passbooks? Easily RM 5 million, excluding man hours.