ASW2020 bumi quota still available

not full / sold out

This post has been edited by nexona88: Aug 28 2015, 12:49 PM

Good benefits
Btw, is the free units subject to tax?

Can't remember. I think so.

When will asw2020 be back in business? Going to ask my mother to open. Precautionary measures.

It will be opened for transaction on 1st September 2015..

I thought that ASW, AS1m,ASM all in the same bucket of eggs?

Can say same bucket as they are handle by pnb. But I am very confident it won't change to VF. Even if change to VF, not all 3 will be change. So if one change, you still got 2 book. Withdraw all and "transfer" into the other. Still good for 1-3years before one needs to worry about changing to VF again. 1-3 years at 6.X%/year is good enough returns for me.

If don't change to VF, no need to "transfer" just maintain the account. After all maintain rm100 only what.

If really all change to VF, just withdraw all and tutup account.

This post has been edited by Ramjade: Aug 28 2015, 02:25 PM

Yes.. I agreed with you..

Having 3 different funds means 3 different buckets..

Unless PNB alter all the 3 funds into VP status..

If its changed to VP, the most we can do is to withdraw..

This post has been edited by smartinvestor01: Aug 28 2015, 03:04 PM

The reason I said they won't change all is if they change all, there will be a mass withdrawal and I don't think PNB can tahan that. If change only one, there will be still be mass withdrawal but not as much as compare mass withdrawal for all 3 funds. So like that, they still can survive.

Mass Withdrawal - if an ann't is made should the implementation of FP comes true, wouldn't there be mass withdrawal too ? Say, if change of FP to VP for one fund only,... the mass withdrawal effect due to that one 'announced fund' may 'kill' PNB, or at the very least,... cripple PNB a little bit. I am sure there will be spillover effects to the other FP funds too, whereby holders of the other FP funds, perhaps not ASB and ASB2,... ill also start to do a withdrawal run on their respective funds.

Frankly, I wonder how will PNB be able to prevent the exodus of funds from happenng once they have made the ann't, unles they limit the number of days fro people to withdraw, say like : those who would like to withdraw would be given 48 hours to withdraw, and after the 48 hours, the FP funds not withdrawn will turn nto VP units. So, they will limit the number of people who are able to make withdrawals and lock-out all those who did not manage to do so.

Just made precaution and keep ears and eyes open for news in case they really change to VF.

within 48hours I don't think so short period.. min should be 5 working days

I don't think is full right now.

LOL

balik balik withdrawal limits again

Yes, if one is one the conservative view type, and understanding fully-well that ASX is NOT FD, one must understand all these exposures. Otherwise, do not blame anyone if one loses money !

What to expect.. the fear is in the air right now. risk of change from FP to VP have create much more impact / panic than the previous 1Mxx issue

Replying nexona and Ramjade,... perhaps what I wish to say is : it will be too late, yes, too late for unitholders if an ann't is to appear, which may trigger a mass withdrawal. PNB will NOT let a mass withdrawal cripple them. They have to protect themselves and at the same time, ASB and ASB2, due to political reasons. ....

It is okay to say it all out and lay everything on the table, lest should we be wrong in our decision,... at least we are aware that we have tried our best ! Because, as we talk and brainstorm, new opinions emerge and we can have betterideas on how to circumvent this problem.

Having sad the above, for this who are confident of the FP schemes staying put for another three years or even for eternity into the very far future, they should ignore all these comments.

Who has managed to catch more Fixed Price Units today ?