My view is that the taxation exemption is their beating market power. The exemption entitlement is continued, these products are attractive.

Amanah charges RM190.90 per contract, and the distribution fee is according to units holding, which 1.5% for first 25K, 1% for until 500K, and there after is 0.5%. According to Amanah personnel, their fee is the most attractive in the market.

I'm still looking for the optimum option. Do you have any better plan.

I have called their office, but I was further confused by their explanation. I was suggested to meet their agent face to face to understand the details.

I have not committed anything yet. But, I am thinking of getting a will. I just want to find out the necessity of Pengisytiharaan Amanah while having a will.

After speaking with the Rockwills agent in the phone briefly, I realize that will is a very complicated thing, and the inheritors can be fooled by the lawyers or Will agents in fees/service charge if not careful.

No hurry for me, I am not that elder, mostly, I will do the will when my youngest kid reach 18, a year plus from now. I still have time to source a good way of doing it.


If ASNB products allow joint name accounts with either to sign like FD, everything is easier to be managed.

This post has been edited by kpfun: Oct 6 2015, 10:33 AM

All these banks are really crap. Pretty pissed off with them.

You may consider to lodge a complaint to ASNB or Bank Negara?

I asked that question to MBB counter before. The reply is NO.

I guess, only ASNB main system can view the movement. For agents, the system has no reason to show the available units. This is because of the moment you see the available units could be already sold by other agents just after your display.

But, I can't understand their system why they do not allow 'take all the available units although less than requesting units'. This means, let say, if you place RM20K, the available units is RM16K, your placement is not matched. So, you need to place a figure less than RM16K to get the placement success. It is really a funny ordering software.

Interesting subject - FD vs ASNB. I missed that.

So, any conclusion has been made?

My FD allocation of the total assets has gone down from 25% to less than 5% now. And, I raised my AS1M/ASM/ASW from 8% to 22%. I started topping up ASNB from mid-August. I was lucky because most of my long terms FD matured in Aug and Sep, and happened that during these period many available units.

Obviously, I like ASNB more than FD.

Many my relatives and friends are very negative to ASNB and EPF. They feel totally unsecured by putting their money there. Their main aim in financial planning is withdrawing money out from the EPF as soon as possible. It is still fine if some of these folks are using the money for other better investments or meaningful spending. But, many of them keep the money in FD indeed.

I told them ASNB owned by more than 80% Malay subscribers, and so do EPF, at least 50%+. No political parties dare to screw up these 2 organizations. They have many imaginative alternatives to rescue them if they are into trouble.

ASNB is a MONTHLY FD form. Their dividend calculation is based on minimum monthly average. So, the money, in fact, is tied up by one month only for earning dividend. It is a better deal than any FD.

At any particular moment, should buy ASNB instead of FD, if units are available. Furthermore, you have totally free hand of determining how long you want to keep in ASNB without losing any dividend.

It returns better rate than FD and very liquidated too.

They are paying 6.25%+2% this year.

Of cause, you have to catch it on month end and before 2nd. This limits the investing date flexibility. But, looking at the returned rate which is better than FD, almost 40-50%. It is still a better deal.

Bond stocks (12%), equities (less than 5%) and USD+EPF+Properties..

I can understand your concern. I will exit all these placements soon Malaysia turns into high transparency financial transactions model. I think, time will come, not so soon. This is my personal guessing.

As long as, these placements are liquidated, and we should follow closely the related news, our risk is manageable.

Of cause, ASNB is not risk free product. But, it is a political products, which carry votes and government support implication. We are taking of the advantage of that with the risk we assumed.

This post has been edited by kpfun: Oct 10 2015, 11:13 AM

Retired officially at 46. These few years, focusing on investments knowledge and opportunities.

My favorite is Forex - don't ask how much I make or lose. I like Forex very much, but still far being a FX trader, working hard on that.

The USD, in fact, was there more than a year, a ready money for trading ETF in NYSE, waiting for entering. Still incapable in selecting the ETF. Luckily, the USD rate has been up more than 20+%, otherwise, earning <0.5% interest rate in the trading account is losing money everyday.

You wanna the tips. consultancy fee wow.... haha

One clue - work damn bloody hard for earning when you are young... and don't drive luxury car or staying in a big house.

Everyday, do whay you want to do, and no need to report to anybody (except your wife), is a damn good life. Do it!

She doesn't really know how much I have. Kidding... she has no interest in any money making matter, except consuming.

Did it already last week.

Planning is good, but, sometimes, it is changing based on everyday situation.

Such as, last year, I planed to move all the matured FD in Aug and Sep to USD trading account for ETF in NYSE. It happened that USD rate went to sky high, then,I have to alter the plan by moving these money into ASNB indeed.

When USD returns to a reasonable rate, I may consider move some fund from ASNB to USD for better opportunities mainly in ETF. That is my long term plan.

NYSE has more than 1,600 ETFs and more than 1,000 in application. It covers various sectors. The average earning of the entire ETF industry is not a meaningful figure. ETF is just a kind of unit trust, but, the formation is different and so do its liquidation.

Of cause, it has many advantages than traditional Unit Trust. Relatively, ETF is still new in the investment market, 10 years plus only. It is evolving now, and some, are turning into high risk as well, because it can be configured for hedging, and law in USA is still not fully capable to manage it.

hehe.... My knowledge in ETF is limited. I'm still working on ETF research since 2 years ago. I am a slow learner and a very conservative investor.

My personal plan is - for fun I am with Forex, for mid/long term incomes is with ETF.

I am not favor to traditional Unit Trust. Unit Trust concept is good, but, the formation is suck. Not really at subscribers benefits.

I never take ASNB as a traditional trust. As I said, I am taking its political purpose advantage. That reason I like ASNB.

This post has been edited by kpfun: Oct 10 2015, 01:06 PM

Glad to know that you are a retiree and positive to ETF too. Mind to share your personal portfolio investment.