Judging from the thread this past few days, you should be having better luck with ASM rather than AS1M and given how successful people seem to be with ASM, come with pockets filled and bullets loaded!

Wow really? Betul2 no more units or bank teller already in Raya mood so don't bother to try

Bank teller probably already in Raya mood liauw My friend already gone on Raya leave lar but from what he told me yesterday there were still a lot of ASM units available but....

If there are "stalkers" here with large bullets than even if have 1 million units available, it only takes a few people with deep pockets to gobble up everything.

Will check again after Raya leave for you

Morning ladies and gents! Your resident tipster is back from Raya break and unfortunately I've got bad news. Looks like the ASM sale is over. Checked with my colleague whose friend also started work today and he said between last Wednesday till today, the main bulk of units have now been taken up under ASM.

So I guess it's back to status quo for now (minimal units available as it's never entirely fully maxed out due to daily transactions) until the next sales glut

This post has been edited by hyelbaine: Jul 22 2015, 09:51 AM

Unlike ASB, all of ASNB's other fixed price funds have fund limits which can only grow based on dividend distribution only (a loophole SC has YET to close) so it's most likely redemption by unit holders for the upcoming Raya maybe?

Or in most likelihood is that people suffering from confused correlation in believing that ASM is related to 1MDB

This post has been edited by hyelbaine: Jul 22 2015, 10:04 AM

Either that or the quota for Indian Malaysians has yet to be fully utilized so those with assets can take advantage of them.

It would take some tremendous effort of not only timing but also coordination because at the very moment it's release, 30 or so ASNB branches and hundreds of Maybank, CIMB, RHB, POS, BSN and even Alliance bank tellers will be performing transactions nationwide

BSN at selected branches only which have already upgraded to the new system. Alliance bank I'm not sure but I remember reading somewhere that they're now an agent for ASNB. Whether they can do ASM transactions or all branches can do transactions I'm not sure unfortunately.

And when the time comes that they realize the error that AS1M has no correlation other than just name with 1MDB, they'll live to regret as those who have a long term view normally do not redeem their units after trying so hard to get it in the first place.

I just checked with my colleague. His friend is currently on mandatory leave till end of next week so no tips till then

Exploit the opportunity while you can. As Mr. Buffet once said, be greedy when others are fearful

According to what I was made to understand, available units for a product is only available to ASNB branches and that too is restricted to certain staffs at the branch only

I believe the ability to check the units available for a fund is only for ASNB branches and not its agents. Also, it would only be for funds in the new system such as ASM which is why similar info for ASW and AS1M cannot be obtained.

People tend to forget, this is Malaysia and all also boleh wan. Remember for god knows how long regulators such as SC told PNB/ASNB that there's no more fixed priced funds after AS1M? Lo and behold the PM just override all the rules/regulations and just launch ASB2.

I guess the same could be said about AS1M too and how big of a gap between AS1M's launch date and the last fixed priced fund previous to that.

Exemption done by regulators are there for a reason but political needs will almost always certainly overrule everything.

So, if you want a new fixed priced fund, get a new PM in

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

I've been reading the past few pages with much interest and have come to the conclusion that many, many still rely on what others think and/or do and/or say when it comes to investing their hard earned money. I find that more worrying than whether the regulators allow for an extension which in my honest opinion, is something that is a given.

It is this very "herd" mentality that means so many still fall for quick rich schemes because everyone wants to be rich with as little effort or risk as possible.

Am I still adding to my ASNB accounts? Yes.

Am I worried about the deadline? No.

And if they don't get the extension? So what, it's been a good run but personally I'm in the belief that political will is the one that will approve the said extension rather than economic reasons.

But if really don't get extension? Again, invest in something that you understand. Even if the extension was given and the only reason you invest is because everyone else is also doing it, you're not doing yourself any favors.

It's ok to be worried but not paranoid.

Some of these funds were started when KLCI was not even half the value that it is now. For example, most of these FP funds probably got into Maybank (accept for ASB2) when it was less than RM5. Even in the current depressed local bourse Maybank is still valued at over RM8 per share so assuming that they've maintained the average cost price around that level since then and have only been reaping benefits of dividend from Maybank or other blue-chip counters, the NAV could probably be even higher than RM1.

Don't forget that PNB is classified as a major corner-stone investor so their entry price for IPOs or stocks may even be lower given the discount that would be afforded to entities such as PNB.

I for one are with those who doesn't look at the current situation negatively. I know it's hard for many to do so but like I mentioned earlier, if you know what you're investing in than you wouldn't be so paranoid. Investment includes not only choosing what type of product to invest in but also having a clear entry and/or exit strategy.

If you don't have the latter than you'd probably have no idea what you're investing in and you're better off with products such as FD which is capital guaranteed and protected by institutions such as PIDM.

The drawback? I think you know

Political will trumps regulations all the time. Case in point? ASB2 and prior to that AS1M. Only Pak Lah didn't have his "own" branded fixed price fund so if you really want a new one, time to vote for a new PM

If you've been on the internet long enough you'd understand that behind the anonymity you'll find a person who may or may not have vested interest in one way or the other on the argument being put forward.

Those who frequent car forums will always know and can spot a car salesman among the many comments that is posted in such forums and the same can happen anywhere from air-conds to water filters to air purifiers and yes... even forums like these in LYN.

So one would never know the true intentions of a person posting his/her view on the internet because most hide behind the veil of anonymity.


When on the internet, ensure that you have a healthy dose (and not a pinch) of salt

To be fair to the person addressing the email, it would probably be beyond his/her pay-grade to know the real status of any negotiations with the regulators. Probably only the very2 top of the entire PNB organization would be in the know and the rest would only have to go on what they are allowed to share.

At the very least, they replied quoting the master prospectus rather than just quoting nothing as the MP is a legal document that is registered and endorsed with the regulators.