If you have the money, you won't go back empty handed.AFAIK, nowadays everyday got units. If empty handed just try again lo tomorrow
Wow, didn't expect to see you here. I expected your funds are all parked overseas and in forex. By the way, rest assured. ASW2020 will give out 6.6% for this year. Just like others before this. Can't say the same for next year judging based on economy. Then again, they have been consistent giving 6.6% every year and they usually save this year dividend to be given next year. So I expect they have quite some savings there.

It seems u have so many "if"
If tis n tat, I suppose can say gud-buy to Investments 

On 1/9

Oh I did. Put foreign fd aud (that time was 5%)with hlb for one year. After that aud went downhill. But I think 5 years. Effective returns = 1%/year. Decided enough waiting. Withdraw and put inside ASM. 1% also better than nothing.


Lesson learned
1) Banks will not let you win. You are always on losing site if you want to open foreign account with bank.
Input : If the currency you have chosen has a high FD rate, then you will earn the higher rate compared against putting in normal RM FD. Otherwise, it's not feasible, unsless the currency appreciates a lot against the RM.

2) Again. Bank will not let you win. Their spread is big to ensure that you don't win.
Input : The foreign currency concerned has to appreciate a lot vs the the RM,... then you will be able to convert back profitably after absorbing the spread.

3) Something calm like ASG have its dangers
Input : Certainly,...I have purchased this too, but not big amount. That's why must diversify, not matter how good the investment looks. Always be careful and not be tempted to put all eggs into one basket no matter how good the instrument looks.

4) The world is unpredictable. Anything can happen.
Input : See no 3) above.
 
5) Stick with something guaranteed and consistent.
Input : I'm afraid,... for myself,... I would think that in today's times, there is nothing that is guaranteed and consistent. We should consider ourselves lucky if we have built a portfolio of instrumnts that can 're-balance each other's performance',... say if this falls, then another instrument that we are holding somewhere should rise to offset the another's fall.

6) Seeing that banks will not let you win, only option is exploit them too the max. No more giving them free money.
Inut : We don't call it exploiting them. Everybody must make money,... the banks have their own due diligence, so should we.

7) Going to put #6 to good use when I can apply for a credit card. Banks will never gain any money from me via late payment or AF. Going to call up CS and ask to arrange my payment date to this xx date.  Going to deploy GenX's method of 1 month eFD on max how much I am going to spend for that month. Upon maturity and before payment date dump into Ambank Truesavers /m2savers. If there are any balance, bring forward to next month.  After that pay my bill on time. About AF, I can't post as it is considered illegal. So don't asked me.
Input : Good planning thre.

Full time student with part time income from online sales. Very small (about Rm100/month if it's good. If no, then just rm20/month or sometimes zero)  Let's call it a hobby of mine maximising returns and learning new ways to make money legally. Have yet to try out stock market and UT. Or maybe I am too obsessed with getting rich. Haha...

Initially was just doing FD at board rate for years. Then decided to step into LYN Finance section. Voila. Learn about promo rates. Decided not to be "generous" to the bank.Why should I help banks to become richer by placing at board rates or placing at not so high promo rates? Get the best deals. Join musical chair or rather go with affin promo. The highest rates with pidm in town. Found GenX's blog and Read all of Gen-X's post from start until finish and got a burning inspiration from him with new knowledge. Banks and government must work for you and not you who are working for the bank/government (giving banks/goverment free money). The inspiration is still there.

Still not satisfied. Check out ASX thread. Then decided to try open ASM.  Now feeling quite satisfied. But next on the list is going to learn stock market to buy reits.

Decided to stick around and help others.

I have seen my friend who shops like Rm700+ of shoes and clothes and then complain no more money. Try helping out some friends by giving them some advise, no one was interested except one. So that's that. I just keep quiet and go about my own ways.

Goal in life is retired and live off and interest or dividend without touching the principal and taking my parents on overseas vacation at least once a year. The least I can do for them. Fancy cars, foods, shoes and clothes does not interest me. One must give something to gain something. Nothing is free in life. One gives up the enjoyment of life now and reap the fruits later. Also be healthy now, rather than be sickly when you are old.

Until today I don't event know how to play dota. well I did play counter strike and call of duty against bots. That's about it

Few people ask me why are you so stingy? I told them for what I spend money on useless things? Did advise a few people. "All of them say, not interested. Not working yet. When working then only I learn all this." In the end I let them say what they want and do what they want. Their money is not mine money. I sleep better knowing that my compounding interest is at work without needing to lift a finger. Let them enjoy their life. Once they started working they will be shocked no savings. That time want to buy car, pay loan, buy house, pay credit Card OB, they will have big headache unless they have bottomless pocket seeing that they don't have any immediate plan for the future. Will be easily coned by banks and end up working 2 jobs. One their normal job. Another one is as GenX mentioned making other people richer (banks in this case).

I think i learnt to control my greed already. Thanks to this forum, I am able to consult with sifus first before making any more decision.

Thanks for the advise.

Good points again, bro,... it's good to pick-up these things from the younger generation. Our own kids will never tell us these things on their mind. I'll know how to advise and watch-over my kids now.   

Went to apply ASX , no single of fund available? Luck doesn't belong to me ...lol

Not open a/c
I reply on Ppl query tat gud opportunity to open a/c or top up on 1/9 for ASW

By the way, I think withdrawal limit is just a rumour. Or else it will appear on online news and local newspaper.

Maybe is TT money overseas.

Yes, u need to bring along cash to ASNB ofiz for top up
Not tat I know of there is withdrawal limit for ASNB funds @ Banks

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?

I highly doubt they will change it to floating rate. If they change it to floating rate, I will withdraw. Not only me. Many people will withdraw. I am sure one of the 3 will remain as fixed price.

lol. they cant be doing today fixed price then tomorrow suddenly floating right. surely need to announce or something first

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.

well, that's one of the purpose of this thread. to share information for everyone's benefit

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