By the way, I think withdrawal limit is just a rumour. Or else it will appear on online news and local newspaper.

Maybe is TT money overseas.

Geez, some person is so negative towards asx in the ringgit falling thread.

But what he said also make sense. If someone is desperate and got a lump of cash sitting around, I take you also don't know.

I am your boss, you talk, I fired you and you go to jail. That scenario also can happen.

This post has been edited by Ramjade: Aug 16 2015, 07:42 AM

Didn't they take kwap some where early of this year. Big hoohaa

Read post 2285

Actually that's not true. My mother can withdraw her epf (already over 55). Once she withdraw in lump sum. (All of it cause people say epf not safe), no questions asked.

I agreed partially agree with your statement about 60 years old. But that didn't happen. Still 55. But then if you have friends like me who spend money because they have too much of it, you be thankful for epf decision to only let you withdraw only at 55.

Or else lots of people will be bankrupt in 1 year.

I highly doubt they will change it to floating rate. If they change it to floating rate, I will withdraw. Not only me. Many people will withdraw. I am sure one of the 3 will remain as fixed price. The reason people put ASX is it is fixed price and it gives consistent returns.

This post has been edited by Ramjade: Aug 18 2015, 12:12 PM

I can assured that there will be a bank run to withdraw those units. Last thing ASX needs is a bank run.

I think they will give a option for us to pick like what happen last time with one of the fund. Can't remember (read it in this thread). If really that's the case, they will not give a sudden announcement. They will give a certain dateline for one to withdraw the units. Not like Petrol price which will be increased at midnight without notice.

Like I said. This is not petrol price where it will increase without notice. Last time, they wanted to change something to floating fund. Ask opinion. In the end, they continue with fixed fund but I have no idea which fund was that.

This post has been edited by Ramjade: Aug 18 2015, 12:23 PM

If they change to floating, the principal could be affected thus reducing the final value. So if its fixed, principal will not be affected . Dividend will be added to the principal. Hence at the end of the day, regardless what's the NAV, your prinicipal is not reduced. But you gained the dividend.

I will rather they hold it at RM1.00. At least my prinicipal will not be affected. At least you know at the end of the day, you will still get some profit rather than worry about the condition of the market. Small profit better than big profit with risk. Like dreamer said, China and Greece is not going to recover anytime soon. Some more got 2 years to go. After that 2 years, I can assure you nothing will change. So for the time being, in my opinion fixed price is the way to go.

Search the thread a few pages back (don't know how many)

Ok. We wait for 1st of January and see what's the condition.

I get what you meant. But this are the only fixed price fund in Malaysia if I am not mistaken. Correct me if I am wrong. Like I said before this, if they were to change it to floating, people will make a bank run for it including me. Do they want to face the consequences of that? Better for them to play safe and maintain at fixed.

Second, if really change to floating, there are 2 more fixed price funds. I don't think they going to change all 3 to floating one shot. Just transfer there lo. Just need time to run to the bank and try for units again.

Third, by NOT changing to floating price, people giving them free money you tell me they don't want especially in this time? By changing to floating price, need to "sweet talk" people to buy floating funds. Need to spend on advertisment. Need to work with bank to offer "promo". More expenses and headache for them. See how many ads they run in the newspaper and how many banks offer FD + Variable priced ASX? Either no one is picking up the funds or they cannot reach the target. People usually advertise if they cannot sell their product/just starting out.

You are saying SC can change it to floating price right? That part I understand. What if they decided not to change?

Well I am counting on the fact this is "Bolehland" which will ensure the continuity of fixed price. Worse come to worse, I will go back to FD until I learnt the stock market.

Finally answers. Let's wait for more tonight.

For now I will adopt a wait and see approach. If they change to variable price. Going to transfer the money into funds which will still be fixed price.

We will await your next post. By the way, if they don't reply your email, what are you going to do next?

Wow steady bro.

If me, I will topup if I have money and able to do it. Why topup instead of wait and see?

1) Opportunity like this does not come always
2) This is bolehland. SC is not stupid to force ASX to change to VF (many people will withdraw, pnb will have a hard time if all withdraw one shot.
3) If they change also, got announcement. This is not petrol price which will increase without notice.
4) You will still get dividend if you deposit now. Although if really change to VF, don't know whether the dividend will drop in value or not

Like I said before, this is not petrol price. One will get ample of time.