Looks like this thread is slowly transforming from being 'Overweight' to 'Underweight'.

This post has been edited by Hansel: Aug 18 2015, 05:08 PM

Finally answers. Let's wait for more tonight.

It's really up to the individual. You'll always have those with strong opinions with hopes of influencing others either way. At the end of the day, each investor needs to think for his/herself because whatever happens is as a result of your own-decision making and blaming others is just an escape route from looking at one's self.

For me, the extension is a given. I'm a realist and standards/laws are enforced by regulators who at the end of the day are answerable to the government of the day. And who runs governments? Politicians and the will of politicians is not something that should ever be underestimated.

If you feel uncomfortable that the extension may not be given than by all means, cash out and invest somewhere else. One man's meat is another's poison so there will be those who are hungry for the units you just cashed out on.

Who laughs last in the end? Only time will tell. How many are laughing or regretting now buy following/not following the "herd" when AS1M launched initially?

Investment in ANY form is a risk, and that's it. There's nothing guaranteed in this world other than death and taxes

well said.. tis one is the most diplomatic reply I've seen so far

totally agreed. what to many considers a bane represents opportunity to others.

just a few months back, getting even a few hundred units of asx was difficult let alone opening an account.

Folks,

1) Among all the ASx managed by PNB, ASB will always has the best dividend rate. ASB has the longest history too. So, instead of looking at one or two years, what is the dividend rate trend for ASB over the last 30 years?? Is it trending down??

2) During 97/98, instead of taking money from IMF, TDM get money from somewhere else to bail out GLCs and save the economy. The source of the money is under OSA. So, if Malaysia hit another 97/98 like crisis, do you think Malaysia has EXTRA Oil Money to bail out again this time??

3) If you are interested, you can read more at the below thread.

https://forum.lowyat.net/topic/3374996

4) Some jokers promote ASX on this thread without Basic Common Sense. I post a few time to balance thing out. I am signing off on this thread.

Dreamer

dreamer101
Although yo opinion differ from others, thank you for yo invaluable inputs

Incorrect for 1999 as ASW declared 8.20% Dividend plus special Dividend of 2.00%

Well written. I see it the same way as you.

If I knew about the potential 31 Dec 2015 change to VP say 2 years ago when I started on this, would I still go ahead and buy ASX?

Yes!

Like I said earlier, as long as I get out before they change it to VP, I will still be laughing to the banks with the +2 +3% over FD.

Cheerio.

ASW 1st FY was in 31/8/1997
From FY 1997 to 2001 (5 years), the Equity allocation was from 57.30% (lowest in 1999) to 89.88% (highest in 2001)
In addition, retained earnings c/f @ FY 2001 was merely RM7.03 mil

https://en.wikipedia.org/wiki/1997_Asian_financial_crisis


In July 1997, within days of the Thai baht devaluation, the Malaysian ringgit was heavily traded by speculators. The overnight rate jumped from under 8% to over 40%. This led to rating downgrades and a general sell off on the stock and currency markets. By end of 1997, ratings had fallen many notches from investment grade to junk, the KLSE had lost more than 50% from above 1,200 to under 600, and the ringgit had lost 50% of its value, falling from above 2.50 to under 4.57 on (23 January 1998) to the dollar. The then prime minister, Mahathir Mohammad imposed strict capital controls and introduced a 3.80 peg against the U.S. dollar.

Malaysian moves involved fixing the local currency to the U.S. dollar, stopping the overseas trade in ringgit currency and other ringgit assets therefore making offshore use of the ringgit invalid, restricting the amount of currency and investments that residents can take abroad, and imposed for foreign portfolio funds, a minimum one-year "stay period" which since has been converted to an exit tax. The decision to make ringgit held abroad invalid has also dried up sources of ringgit held abroad that speculators borrow from to manipulate the ringgit, for example by "selling short". Those who did, had to repurchase the limited ringgit at higher prices, making it unattractive to them.[35] In addition, it also fully suspended the trading of CLOB (Central Limit Order Book) counters, indefinitely freezing approximately $4.47 billion worth of shares and affecting 172,000 investors, most of them Singaporeans,[36][37][38] which became a political issue between the two countries.[39]

In 1998, the output of the real economy declined plunging the country into its first recession for many years. The construction sector contracted 23.5%, manufacturing shrunk 9% and the agriculture sector 5.9%. Overall, the country's gross domestic product plunged 6.2% in 1998. During that year, the ringgit plunged below 4.7 and the KLSE fell below 270 points. In September that year, various defensive measures were announced to overcome the crisis.

This post has been edited by ikanbilis: Aug 18 2015, 09:39 PM

Based on ASW 2014 AR, the estimated NAV is 1.0563 -v- buy n sell price @ RM1/unit

My bad. Thank you for the correction.

Thanks for pointing out, we add another 2% for 1999. My question is : with the klse plummeting till below 300 pts, how did the ASW give such high dividends for 1997, 1998 and 1999?

My view is bcoz interest rates are as high as 8-9% that time, so in order to retain people's money in ASW, they have no choice but to declare super high dividends, even though their NAV is so much below RM1.00.

Isn't this a PONZI? They may pull it off the last time, can they pull it off again this time? That's the million dollar question.

plumberly,

1) How do you KNOW that you can get out when they change to VP?? They could freeze the withdrawal while the change is going on.

2) Before you say this is impossible, if THE GOVERNMENT can impose capital control during 97/98, ASx freezing withdrawal is minor.

<<Like I said earlier, as long as I get out before they change it to VP, I will still be laughing to the banks with the +2 +3% over FD.>>

3) This is minor comfort as compare to those people exchange to USD and hide USD under the pillow.

Wake up!!

4) You are taking on a lot of risk that you realized by investing in ASx.

Dreamer

Based on ASW Yr 2000 AR, its estimated NAV is around 0.9972 -v- buy/sell price @ RM1/unit

If our gomen can freeze $4.5b of CLOB shares during the Asia crisis, there is nothing our current gomen under Emperor Ajib cannot do. Freezing of ASx withdrawal? Sap sap sui only lah...

I suppose ASNB won't simply freeze ASx withdrawal coz Fixed price Funds took up around 197 bil units or RM197 bil @ 25/5/2015
In addition, all walks of life (bumi n non bumi) have vested interest especially ASB n ASB2

Like that everything is possible, so have u liquidated everything in Malaysia (in case locked by the Emperor), and get YOUR FUNDS out of the country? If not what r u waiting for?

This post has been edited by MGM: Aug 19 2015, 09:49 AM

nice one

I wonder what Mr doomsday would say about it