Folks,
This is for people that do not understand how RM drop affect fixed price ASx. And, they still dump money into ASx.
1) Most of your savings are in EPF and they are invested in GLC and Malaysia Government's Bond. Now, you put money into ASx, you are putting all eggs in ONE basket. For bumi, due to political reason, it is SAFE for them to invest in ASB. For non-bumi, if anything went wrong, your ASx will be used to bail out ASB.
2) With RM crashing down, how does the fixed price ASx help you?? The depreciation of RM will wipe out any dividend that you get.
3) KLSE is crashing down. ASx is invested in GLC and MGS. So, how can it be fixed at RM1?? There is a buffer. So, whoever withdraw and can be paid out at RM1 will have the money. So, what happened when the buffer run out and the ASx need to sell the actual share that had went down??
Do not put all your eggs in ONE basket. This problem is not going to be fixed any time. Oil price is not coming back up any time soon.
Dreamer