No,... nobody said anything abt withdrawal limits at all - the officer and the ABM kept chatting with me, talking about the news and what the country events might turn into, how we are going to try to change things, bla,bla, bla,... and I just asked them to change my book and withdraw the few hundred units. NObody commented anything, but upon me asking, they did say that there are quite some units for sale !

Very friendly !

Dear sifu, need your advice regarding ASB loan.
Last year i took ASB loan from CIMB that approved amount 100K. During that time, my ASB saving only 60K & still got 90K to MAX.

Now my saving already full (150K + 100K loan) & this month got my VSS payment 100K so thinking of to clear my ASB loan.

which below is the best option ?

1 - clear the loan & invest all 100K from vss payment to ASB.
2- open ASB 2 & invest 100K & maintain the ASB loan.

This post has been edited by taiko8148: Sep 9 2015, 02:46 PM

I tot u will send a PM to me

Hi.. any special reason for withdrawing the funds from ASM?

Hehe.. I am actually just curious..

Sorry man,... thought It's better to give everybody a chance.

He already said it is keeping him on edge. So rather than keep thinking about whether it will change to VP, he decided to withdraw.

Hansel, -edit- saw your reply in another thread. Anyway, just keep RM100 inside there. In case in the future, things changes for the better.

wil-i-am, anyway 6-figure withdrawal + "they did say that there are quite some units for sale !" = I assumed quite a lot of units available in the market. I am sure you have plenty of time. It won't finish so fast.

This post has been edited by Ramjade: Sep 9 2015, 04:14 PM

Oh i see.. Noted and thanks for the information..

Hi smartinvestor01, appreciated your replies every now and then.

Following are my reasons. Counter-comment if you like, others too :-

So many risks to undertake in the coming months ahead :-

1) risk of changing from Fixed Price into Variable Price from 01/01/2016.
2) risk of not having sufficient time to redeem before and after the date above.
3) risk of being taxable from 01/01/2017 onwards.
4) risk of the dividend being lowered, which makes the investment not worth the risks anymore.
5) risk of the RM weakening further which makes the dividend that we earn losing its purchasing power.
5) risk of other things happening due to the Gov't not having enough funds for use - one must remember that at the end of the day, this is NOT an FD.

May not be happy to take ALL the above risks anymore for a reducing dividend from 6.40%, if we are to take the latest rate given for the ASW2020 as reference.

Yeah,... I do think the ones who are still confident can go buy now. I believe you can even call out your desired amount in tens of thousands, eg 80K or 90K units. Surely can get.

But how long will this last, I'm not sure.

Another reason for divesting is I've spotted some coming opportunities across the causeway. Hence.. preparing my bullets now to go for instruments with a higher yield and with lower systemic risks.

Yes, that's right,.. tq. I'll keep a minimum of RM100 inside there even if I should decide to pull-out all, in order to reap the dividends that I have earned for the months of April till August 2015.

mind to share it

Wait for updates at the SG REITs thread. Will update when things are more clear,... still at final stage of due diligence. It's harder nowadays to uncover good gems.

This post has been edited by Hansel: Sep 9 2015, 07:03 PM

okay

U have a peace of mind ahead

Hi guys,
Hope I'm in the right place
I wanna withdraw or collect my ASW 2020 shares this friday...
Been sitting inside since i was a small kid, mum helped my create new account back in 1996.
What's the limit? Whats the max i can earn until today? If I have 6k inside back in 1996?
Don't bash me ya, me 1st time encounter such issues

wow so long u hold wor

I assume u didn't update your passbook for years better go to ASNB branch. I scare your account inactive.

there's no limit for asw2020.

The only way you will know is go to the counter and ask how much I have inside. There are no limit in place if you withdraw to your account.

Ya lor, forgot about it until my parents reminded me about it
What happens if it's inactive? Money all gone?
Got it when it first launched last time...
I'm gonna go this friday and check
I've called them this morning, they say i can go and withdraw all, just fill up a form

Ya lor, forgot about it until my parents reminded me about it
What happens if it's inactive? Money all gone?
Got it when it first launched last time...
I'm gonna go this friday and check
I've called them this morning, they say i can go and withdraw all, just fill up a form

Sorry if double post, stupid unifi... haiz