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 Ultimate Discussion of ASNB (47457-V), Wholly owned subsidary of PNB (38218-X)

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bbgoat
post Mar 24 2015, 07:44 PM

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QUOTE(Ancient-XinG- @ Mar 24 2015, 06:08 PM)
woohoo.!!!

bbgoat
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Wow, have been summoned by TS ! rclxms.gif

Have to wait until March 31st for the announcement, right ?
bbgoat
post Mar 24 2015, 09:39 PM

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QUOTE(wil-i-am @ Mar 24 2015, 09:31 PM)
Alredy announced today
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QUOTE(Ancient-XinG- @ Mar 24 2015, 09:35 PM)
announced ad lo
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Oh, thanks ! blush.gif

Have not been active on the ASNB funds. Just holding on to what I bought late last year.

Thanks ! biggrin.gif
bbgoat
post Apr 2 2015, 12:45 PM

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RHB now has promotion with 50/50 FD & ASNB fund bundle. FD 3 mth 7% and 6 mth 7.8%. Going to top up for ASG fund and place 6 mth FD at 7.8%.

Still cannot open ASM fund. New units issued ?
bbgoat
post Apr 2 2015, 03:33 PM

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QUOTE(wil-i-am @ Apr 2 2015, 03:19 PM)
How much service charges (i.e. %) u pay?
No new units from ASM other than withdrawal by existing unit holders
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Still std 5%. Last year promo by RHB better, 2.5% only. biggrin.gif
bbgoat
post Apr 2 2015, 04:13 PM

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QUOTE(bbgoat @ Apr 2 2015, 03:33 PM)
Still std 5%. Last year promo by RHB better, 2.5% only.  biggrin.gif
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To clarify, RHB officer told me need to pay 6% GST on the 5% sales charge. Their promo Apr 1 to end of June 2015. biggrin.gif
bbgoat
post Apr 2 2015, 07:16 PM

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QUOTE(Ancient-XinG- @ Apr 2 2015, 06:16 PM)
So, we still pay the normal 5% and it is inclusive theĀ  GST?

Damn I pening ad this thing.
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We have to pay the 6% on top of the 5%. So if SC RM100, then we pay add'l RM6. Total RM106 from our pocket.

This post has been edited by bbgoat: Apr 2 2015, 07:17 PM
bbgoat
post Apr 3 2015, 08:57 AM

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QUOTE(prince_mk @ Apr 3 2015, 08:54 AM)
Omg, I just signup AsG yesterday. Yeah they charged slighly above 5.x%. So how? Sell ?
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No incentive like the RHB one that I mentioned ? the ".x" is the 6% GST.

This post has been edited by bbgoat: Apr 3 2015, 09:00 AM
bbgoat
post Apr 3 2015, 02:06 PM

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QUOTE(prince_mk @ Apr 3 2015, 10:04 AM)
Which rhb are you talking abt?
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50/50 FD/ASNB fund with FD 3 mth 7% or 6 mth 7.8%. Check yesterday's post's which mentioned on this. biggrin.gif
bbgoat
post Apr 4 2015, 02:32 PM

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QUOTE(prince_mk98 @ Apr 4 2015, 02:08 PM)
boss,

which bank offer this? I try check the RHB official website but cant find the offer.

what is the product name?
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RHB only. Banks do not show all offers on their website or may show it later. Call up RHB branch or go there to visit the branch. biggrin.gif
bbgoat
post Apr 4 2015, 05:05 PM

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QUOTE(cheahcw2003 @ Apr 4 2015, 04:59 PM)
CIMB Bank also have similar products
Their equity funds include the ASNB variable price fund

http://www.cimbbank.com.my/en/personal/pre...e-campaign.html
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I see. Surprisingly, RHB 3 mth FD 7% and 6 mth one is even higher 7.8%. Would have thought for 6 mth the FD promo rate would be lower. Anyway I have yet to sign up as my cheque just cleared today and have to do it on Monday. biggrin.gif

This post has been edited by bbgoat: Apr 4 2015, 05:06 PM
bbgoat
post Apr 6 2015, 01:09 PM

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In RHB to get the FD/ASNB fund 50/50 promo:

it is only meant for ASN2/3 & ASG funds, variable funds as pointed by some of the forummers.
min 20k, 10k each FD/ASNB funds

Put in for 6 mth 7.8% rclxms.gif Went for ASG-Pend and ASG-Kesihatan. The RHB mgr said ASG-K is return 7.2%, so minus 5% SC, still gain 2.2%. Corrected him that it is NOT 7.2% ! Actually ASG-Pend return or yield % is higher than ASG-Kesihtan !

Received 2 gifts, car boot organizer & a water flask.

This post has been edited by bbgoat: Apr 6 2015, 01:10 PM
bbgoat
post Apr 6 2015, 01:58 PM

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QUOTE(plumberly @ Apr 6 2015, 01:42 PM)
CONGRATULATIONS!

Mind describing what is the car boot organiser?

The above sounds too good to be true initially at 7+% return!

On second look, the effective rate is (7.8 + 2.2)/2 = 5%. Better than any 6 months FD out there.

Cheerio.
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Nothing fanciful. Just to put at car boot to separate out items, like a big rectangular tray.

CIMB has similar offer as one forummer posted few days back but slightly lower FD rate.

2.2% is NOT accurate as it is NOT 7.2% but 7.2 cent dividend per unit. biggrin.gif
bbgoat
post Apr 6 2015, 03:11 PM

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QUOTE(Ancient-XinG- @ Apr 6 2015, 02:53 PM)
Boss. Mind to explain the yield part?
I no time do homework. Hehe.
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Aiya, no boss lah. Still learning from u guys on ASNB.

ASG fund fact sheet also indicate the yield besides the dividend. The yield should be a better indicator of return than say 7.2 cent. So if one fund's price is lower, the same return of 7.2 cent will yield a better return.

I think people more focus on the how many cents of return but did not look at the yield %. But the ASNB fund fact sheet do indicate the yield %. Should be the dividend over the fund price.

I may be wrong. Please correct me if I am wrong. smile.gif

This post has been edited by bbgoat: Apr 6 2015, 03:11 PM
bbgoat
post Apr 8 2015, 12:58 PM

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QUOTE(prince_mk @ Apr 8 2015, 12:44 PM)
So much u can get. Happy for u.

I only get rm700 today. Serious can topup 26k????
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u open new acct for AS1M or ASW or already has acct before this ?
bbgoat
post Apr 8 2015, 02:53 PM

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QUOTE(prince_mk @ Apr 8 2015, 02:43 PM)
I have existing acc as1m. smile.gif
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lucky guy. I did not have any acct other than ASG one rclxms.gif
bbgoat
post Apr 8 2015, 03:24 PM

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QUOTE(plumberly @ Apr 8 2015, 03:01 PM)
My view is, it is simply because its return (~6%) is higher than FD (~3.6%) for more or less the same risk (except that ASX do not have PIDM guarantee).

With some effort and trying, one can get nearly twice the return. So why not?

Cheerio.
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Risk compared to FD is higher. FD with PIDM protection. Higher risk with higher return. My ASG bought last year still under water. smile.gif
bbgoat
post Apr 8 2015, 05:15 PM

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QUOTE(plumberly @ Apr 8 2015, 03:37 PM)
Under water?

With advancement in technology, we have submarine, stealth fighter, etc.

NOW .... underwater XXX?

Sorry for pulling your leg here. Cannot help it when I see "underwater". Ha.

With improvement in global economy market, your ASG will be like the next SATURN V rocket!

Cheerio.
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You must have very good experience going underwater or under something ?? hmm.gif brows.gif Ha ha ha ! tongue.gif

It is an understatement to say ASX funds have same risk as FD. doh.gif

QUOTE(wil-i-am @ Apr 8 2015, 05:05 PM)
Wud advise u adopt asset allocation to mitigate risk
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That is a separate topic. Already been doing that. biggrin.gif Have various asset class already. smile.gif

This post has been edited by bbgoat: Apr 8 2015, 06:32 PM
bbgoat
post Apr 8 2015, 07:09 PM

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QUOTE(plumberly @ Apr 8 2015, 06:38 PM)
Yes, I have now a black belt qualification in the under XXX dept. Ha.
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Haha, I must have been influenced by the Master. Underwater followed by understatement, under XXX ................. brows.gif laugh.gif tongue.gif Master must have very unique under experience ........................... tongue.gif

OK, oops.gif sign0006.gif

This post has been edited by bbgoat: Apr 8 2015, 07:29 PM
bbgoat
post Apr 13 2015, 12:33 PM

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QUOTE(wil-i-am @ Apr 12 2015, 06:15 PM)
ASNB shld launch new Fixed price fund to ntice non-bumi for GE14
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That will be GREAT. Will queue up for it, have missed out all the fun to get it in the past. Haha ! rclxms.gif

bbgoat
post Apr 13 2015, 02:43 PM

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If try to open new acct in ASNB, do they accept cheque or need to bring some cash ? I mean ASNB branch not the banks that represent them.

This post has been edited by bbgoat: Apr 13 2015, 02:43 PM

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