Can u give a hierarchy of beneficiaries like if wife is not around then children then brother, n so on?

This post has been edited by MGM: Apr 17 2015, 12:07 PM

Would like to hear your view why it is not practical apart from d IC thingy. Thanks.

I manage to open AS1M account for my teenager child today with rm100 initial investment, done at ASNB within 10 minutes.

No need for children to be there but bring birthcert & ic.

ASM still can use old book? How do u know the staff did 10 transactions? Normally I just pass the 3 books to the counter staff n told them to try all 1 by 1 to d max amount I am carrying.

Maybe misunderstood the ASx mentioned in this thread is ASX, AUssie StockExchange which has gone up by 11% ytd.

The last time I attended the MSAM in JB, young children outnumbered the adults as it was like a carnival. And most Bumi has account in ASx to enjoy the special privilege.

The best time to try is at ASNB's office early morning when it just open. No guarantee but at least banks are not open yet and less people to grab your family's sales of ASx units. But first u must get an officer who is willing to do it.

Last week, I went to ASNB to open a AS1M account but the unfriendly counter guy said funds fully subscribed for non-bumi so refused to try. I then see an Officer to subscribe for the 'Peristiharan Amanah' service n at the same time I requested to open a new AS1M account for my nominee/child, she instructed the same guy to do it n I managed easily to get rm100 for the new account. I think it is not hard if you try small amount but u must 'bodek' them to at least try it.

U can, but I took up 'Perisytiharaan Amanah' cos ASNB offered it in April for RM100 instead of RM190.80 (GST inc). And your nominees will get the units transfered to their accounts within 21 days. U can find more info here:

http://www.asnb.com.my/pdf/perkhidmatan/we...alBookletPA.pdf

Actually I should have done a cost analysis of will & this first, but I was atrracted to the promo.

There is a cost incurred just like will (but lower?) as depicted here:




Attached thumbnail(s)

I think it will be easy to buy ASx in the coming weeks due to selling by some investors uneasy over the latest hot issues.

If u intended to invest in future, remember to keep the book with some units, since quite diff to open account

AE I O U thanks, after reading your post I quickly went to MBB n manage to grab 6k, whether it's yours or not.

But EPF reports better profit up-to-date. So may be can expect better returns than ASx.

YES.

May be daniel is old and forgetful.

So u are 27yo?

U seems to have endless flow of funds, so envious.

Same for me, nowadays never bother with CIMB, wasting time.

ASB easy to buy, easy to sell, and can loan to buy some more.

You won't get interest but dividend. Optimumly always buy/sell at the beginning of the month, never close your acc but leave some units in it so that u still get the dividend for those units you sold.