Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed

Outline · [ Standard ] · Linear+

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

views
     
dreamer101
post Aug 17 2015, 09:16 PM

10k Club
Group Icon
Elite
15,855 posts

Joined: Jan 2003
QUOTE(wil-i-am @ Aug 16 2015, 08:41 AM)
U seems to worry SO much
In this case, Gomen can take $ from EPF n KWAP too w/o yo knowledge
In addition, Gomen can oso take $ from Banks (GLC) too namely Affin, AmBank, Bimb, Cimb, Maybank, Mbsb n Rhb
As mentioned earlier, ASx is governed by Trustee[U]
*
wil-i-am,

This is Malaysia. Why do you THINK that it will make a difference?? It is a GLIC.

<<In addition, Gomen can oso take $ from Banks (GLC) too namely Affin, AmBank, Bimb, Cimb, Maybank, Mbsb n Rhb>>

That is why I do not invest in those companies. By the way, ASx invest in those companies.

QUOTE(nexona88 @ Aug 17 2015, 12:19 PM)
Again with the "attack" on ASx funds.. simply calling people "DUMMIES" for investing..

I donno what grudge He have on ASNB.. the best part is he ignore EPF which could also be used to cover the "hole" blink.gif
*
nexona88,

<<the best part is he ignore EPF which could also be used to cover the "hole" blink.gif>>

Bingo!! I think you are the person that forget this part.

20+% of your gross income is in EPF under THE GOVERNMENT's control. Basic common sense will tell you that do not put all your eggs into ONE basket. Aka, do not put all your money under THE GOVERNMENT's control. But, DUMMIES like you choose to voluntary put your money into ASx aka a GLIC under THE GOVERNMENT's control. A even more prudent person will invest outside of Malaysia since most of his savings aka EPF is in Malaysia.

Those are common sense aka basic personal finance.

Dreamer
dreamer101
post Aug 17 2015, 10:26 PM

10k Club
Group Icon
Elite
15,855 posts

Joined: Jan 2003
QUOTE(Ancient-XinG- @ Aug 17 2015, 09:35 PM)
Then in Malaysia which isn't under Malaysia control unsure.gif
*
Ancient-XinG-,

Then, do not keep all your money in Malaysia.

Dreamer
dreamer101
post Aug 17 2015, 10:28 PM

10k Club
Group Icon
Elite
15,855 posts

Joined: Jan 2003
QUOTE(wil-i-am @ Aug 17 2015, 10:17 PM)
dreamer101,
Did u keep any MYR in local banks or u keep MYR insider yo hse?  hmm.gif
*
wil-i-am,

Do you have to keep ALL YOUR MONEY in Malaysia??

The answer is obviously NO. Then, why do you keep all your eggs in ONE basket??

Dreamer
dreamer101
post Aug 17 2015, 10:34 PM

10k Club
Group Icon
Elite
15,855 posts

Joined: Jan 2003
QUOTE(wil-i-am @ Aug 17 2015, 10:30 PM)
dreamer101,
U have yet to answer my Question
*
wil-i-am,

Touche. You did not answer my question either.

Dreamer
dreamer101
post Aug 18 2015, 05:29 AM

10k Club
Group Icon
Elite
15,855 posts

Joined: Jan 2003
QUOTE(Ancient-XinG- @ Aug 18 2015, 05:23 AM)
IF NORMAL INCOME OF 5K PER MONTH, NEED TO RAISE FAMILY, HOW TO HAVE FOREIGN CURRENCY! YOU THINK PEOPLE NO MNEED EAT AR. YOU THINK NOW EVERYWHERE TRADING USING FOREIGN CURRENCY AR? STIL WE USING MYR IN MALLS AND PASAR.
*
Ancient-XinG-,

Come on.. I have higher expectation of you. This is ASx thread.

1) If you have money to invest in ASx, you have savings.

2) If you have savings, you can keep some of them outside of Malaysia or at least exchange them to foreign currency.

You still DARE NOT answer my question.

It is VERY SIMPLE.

Given that 20+% of your gross income is in EPF, why do you put all your eggs in ONE basket by investing in ASx?? This is BASIC PERSONAL FINANCE. Aka, COMMON SENSE.

Dreamer
dreamer101
post Aug 18 2015, 05:38 AM

10k Club
Group Icon
Elite
15,855 posts

Joined: Jan 2003
Folks,

It is VERY SIMPLE.

You do not have to agree with me that Malaysia is DOOM. But, 20+% of your gross income is in EPF aka under THE GOVERNMENT control. Now, if you put most of your savings into ASx, you put even more of your money into another GLIC aka PNB which invest mostly in GLC. Is it WISE to put all your eggs into ONE basket??

Common sense will tell you that you should at least keep some of your money invest outside of Malaysia or in foreign currency. In that case, you are protected at some degree if Malaysia is not doing well.

So, please tell me how SMART are those people that do not warn you of this SIMPLE FACT??

Dreamer

This post has been edited by dreamer101: Aug 18 2015, 05:39 AM
dreamer101
post Aug 18 2015, 06:08 AM

10k Club
Group Icon
Elite
15,855 posts

Joined: Jan 2003
QUOTE(Ancient-XinG- @ Aug 18 2015, 05:56 AM)
FYI, I always against epf.
» Click to show Spoiler - click again to hide... «

*
Ancient-XinG-,

So, somebody that is against EPF is advising OTHERS to invest in ASx under PNB aka another GLIC?? How does this make any sense?? Do you collect any commission from this effort??

Dreamer
dreamer101
post Aug 18 2015, 08:55 AM

10k Club
Group Icon
Elite
15,855 posts

Joined: Jan 2003
QUOTE(Ancient-XinG- @ Aug 18 2015, 08:11 AM)
» Click to show Spoiler - click again to hide... «

*
Ancient-XinG-,

<<Early year convert USD and keep under pillow? Then if really shit happen how? You think your USD still got value? >>

LOL!! As compare to RM?? Of course.

<<In Malayan which company that available to let people invest isn't under government control?>>

Then, take a train and / or bus to Singapore and open an A/C.

<<Dude, not everyone here can be like you, if take sukak then keluared.>>

What is stopping you from moving some of your money out to Singapore for safe keeping?? Many had done that.

Dreamer
dreamer101
post Aug 18 2015, 08:52 PM

10k Club
Group Icon
Elite
15,855 posts

Joined: Jan 2003
Folks,

1) Among all the ASx managed by PNB, ASB will always has the best dividend rate. ASB has the longest history too. So, instead of looking at one or two years, what is the dividend rate trend for ASB over the last 30 years?? Is it trending down??

2) During 97/98, instead of taking money from IMF, TDM get money from somewhere else to bail out GLCs and save the economy. The source of the money is under OSA. So, if Malaysia hit another 97/98 like crisis, do you think Malaysia has EXTRA Oil Money to bail out again this time??

3) If you are interested, you can read more at the below thread.

https://forum.lowyat.net/topic/3374996

4) Some jokers promote ASX on this thread without Basic Common Sense. I post a few time to balance thing out. I am signing off on this thread.

Dreamer
dreamer101
post Aug 18 2015, 10:01 PM

10k Club
Group Icon
Elite
15,855 posts

Joined: Jan 2003
QUOTE(plumberly @ Aug 18 2015, 09:13 PM)
» Click to show Spoiler - click again to hide... «


Like I said earlier, as long as I get out before they change it to VP, I will still be laughing to the banks with the +2 +3% over FD.

Cheerio.
*
plumberly,

1) How do you KNOW that you can get out when they change to VP?? They could freeze the withdrawal while the change is going on.

2) Before you say this is impossible, if THE GOVERNMENT can impose capital control during 97/98, ASx freezing withdrawal is minor.

<<Like I said earlier, as long as I get out before they change it to VP, I will still be laughing to the banks with the +2 +3% over FD.>>

3) This is minor comfort as compare to those people exchange to USD and hide USD under the pillow.

Wake up!!

4) You are taking on a lot of risk that you realized by investing in ASx.

Dreamer
dreamer101
post Aug 19 2015, 02:07 AM

10k Club
Group Icon
Elite
15,855 posts

Joined: Jan 2003
QUOTE(MGM @ Aug 19 2015, 01:28 AM)
» Click to show Spoiler - click again to hide... «

Every investment has its risk, there are ASx sellers and willing buyers, I am quite sure some are using ASx as a 'parking' account and are selling as they see current market turmoil as a chance to DIVERSIFY.
» Click to show Spoiler - click again to hide... «

*
MGM,

Come on. 20+% of your gross income is in EPF that invest in GLCs and Malaysia Government Bond. ASx is investing in the same set of GLCs and Malaysia Government Bond. In summary, a typical Malaysian investor enjoy no DIVERSIFICATION when they invest in ASx.

The best performing ASx under PNB is ASB.

http://1-million-dollar-blog.com/dividends...ham-bumiputera/

The dividend had been trending down from 14 sens in 1990 to 8.5 sens in 2014.

Dreamer
dreamer101
post Aug 19 2015, 07:11 AM

10k Club
Group Icon
Elite
15,855 posts

Joined: Jan 2003
QUOTE(wil-i-am @ Aug 19 2015, 06:39 AM)
dreamer101,
1. U have overlook on the type of investment
ASx invest in M'sia (equities, bonds n mmi) ony whereas EPF invest in both M'sia n outside M'sia (equities, bonds, mmi n properties)
2. Guarantee returns
ASx dun guarantee min returns whereas EPF guarantee min 2.5% returns
*
wil-i-am,

Which does not change anything that I had said. There is NO DIVERSIFICATION ADVANTAGE in investing ASx. In fact, a person will had increased their RISK EXPOSURE to GLCs and Malaysia Government Bond by investing in ASx.

<< 2. Guarantee returns
ASx dun guarantee min returns whereas EPF guarantee min 2.5% returns>>

That has NOTHING to do with what they invest in. Hence, it is IRRELEVANT in term of DIVERSIFICATION.

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
« Next Oldest · Finance, Business and Investment House · Next Newest »
 

Topic ClosedOptions
 

Change to:
| Lo-Fi Version
 0.0223sec    0.18    7 queries    GZIP Disabled
Time is now: 8th December 2025 - 01:08 AM
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Removal Request
Powered by Invision Power Board © 2025  IPS, Inc.