RM1,500 added for AS1M just now..

No bullets now..

You are ASX taikor here therefore you should have invite dreamer101 over here in your home ground and have constructive debate with him.

ignore the noises, do whatever is best

Finally successful to open 2 account of ASX , thanks to Alexander

Maybank - KLIA2, Bdr Bkt Tinggi 1, Klang Town, Damansara Uptown, Cheng & Graha Peladang (Melaka)
ASNB - Melaka
PosMalaysia -  Shah Alam, Triang
CIMB - Bangi

I've attempted to remind people about ASx funds, but people is this thread seem to be too defensive to pay attention
So, for the benefit of the other readers, I will just lay down the facts again...

ASx funds are 100% Malaysia equity funds, just like the public mutual funds etc - early this year KLSE was 1850 points, now left 1570 points, do you think the fund make profit or make losses? Look at all the other floating rate funds in the market, including the ASG type

How come the price for ASx funds are still fixed at RM1 per unit?

http://www.asnb.com.my/pdf/PRODUK/Master_P...314complete.pdf

Pay attention to page 31,
5.12.2 Bases of Valuation on Investments for ASB, ASW 2020, ASM, ASD and AS 1Malaysia
The introduction of MFRS requires the Funds to apply NAV in its valuation bases and processes. The SC has
specified that the Fixed-Priced Unit Trust Funds are permitted but not required to comply with MFRS 139 and MFRS
7 for the financial years ending 31 December 2012 until 31 December 2015, subject to terms and conditions imposed
by SC.

If these funds follow floating NAV, what would be the value now?

Honestly, I don't think it's so easy for the gov to steal your money from the fund, after all it's guarded by trustee and all...
But.... is your money still worth as much? particularly in a falling market?

Just be aware that this is not FD, it was never meant to be

I don't know... your guess is as good as mine, but I sure am not taking the risk...

Anyway, one possibility is they extend the exemption... especially if the market is doing badly and if they change to floating NAV = 0.80 per unit instead of RM1.00 per unit; I think all the retirees who holds the units would be very upset... maybe they will try to wait until floating NAV = 1.02 per unit instead of RM1.00 per unit to unfix the price... but, if this round KLSE drop till 1,000 points or less, when would that happens?

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.

I surrender 
Good luck to you, my conscience is clear

At least I know ppl like aeiou got the point

The concern on fixed to variable price change was raised earlier (will we be informed prior to the change etc). The additional infor I did not know was the 31 Dec 2015 date. Useful infor to keep in mind now. Yes, guilty, I did not read the prospectus!

I have emailed to ASNB on whether the funds will be changed to VP funds as of 1-Jan-2016 and if so, when will the existing unit holders be informed of the coming change.

I will share their reply here once I get it. 

Cheerio.

P/S If you have a copy of the prospectus before 2011, please share here. Thanks.

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 

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

Why so defensive? I'm just providing an alternative discussion whether you should put all eggs into one basket? Why do you think the ASx just a month ago it's almost impossible to top up, nowadays many people can open all new ASx account easily?

Since you ask, I'm currently working in the States, my assets are spread in 3 countries U.S.30%, Spore 30% and M'sia 40%. I'm working on it to be 4:4:2 in the near future.

Everyone can learn to diversify their portfolio, you don't have to use the famous quote kalau tak suka, keluar lah...

Walao! You think i have unlimited resources meh?

U.S. - bcoz i work here. I got my income here.

S'pore - Coz my home town in JB. Always go shopping in Spore.

Malaysia - I'm a Malaysian. Have property here.

In fact 2 weeks ago I just TT back US$10,000 to M'sia when ringgit was beginning its slide.Even though the gomen is screwed, I'm always a Malaysian at heart.

I am signing off this thread.  People that has a lot more common sense can start a new topic else where to ask question.

Dreamer

I have tried to open a new account for ASx at ASNB office and agent banks at Ipoh but to no avail. Anyone here from Ipoh who managed to open a new ASx account recently?

No wonder recently we can easily to purchase ASX so much....

Wait and see , what about u?