Principal.

If having 150k, 1 year dividend also not reaching 10k ...

Depend on how much you can save a month.

was thinking strategies like refinancing property and dump into ASB and max it..

doable right? since its 4.5% vs 7%(asb)

Its too risky.. I ever thought about it but i think not worthwhile..

when you are evaluating your net worth, how you want to convince yourself that the capital that u invested through her name would be guaranteed yours..

and also, you need to pray for her well-being every day..

She said u keep the passbook lo

I ever thought of that too..

She might report that her passbook is lost then she will receive the new passbook..

Haha... too many loopholes in using other people's name for ASB dividend..

Hmm true also

Yeah.. Today who sudah top up? Any luck?

Going to try Rm2k+ today.

I want to try 5 digits.. Wish me luck

Bro/sis, go with 4 digit. Then do repeated tries to get your 5 figure. You can also work backwards. Start with 5 digit then work down to 4 digit.

I attended the ASNB Seminar in IOI Resort City last Saturday. Here the sharing of my observation:

1. Less than 5% non bumi attendees.

2. There were 2 presentations - Malaysia Market Outlook and Hibah/Pengisytiharan Amanah.

3. The market outlook presentation is better than those presentations in FSM. The presenter is from macro research unit and with PhD title. The content is in English and well organized. Entire session was conducted by mixed of Malay and English.

4. I guess the mind of audiences were not with economy. The first question was a good one from a Malay folk, speaking in English - " Where is 1% or 2% those carried forward undeclared dividends from all the years", and followed by saying " ASNB should be transparency of managing these undeclared dividends".

None of ASNB staff in the room have the answer for it. The rest of questions were also around "unhappy about dividends".

5. About hibah/pengisythiharan Amanah, one important info I learned from there, which Amanah will transfer all the units to the beneficiary in units, whereas, for non Amanah wills, they release in cash.

I think, I will attend their future seminars if I will be invited again. The buffet lunch was damn good!

This post has been edited by kpfun: Feb 1 2016, 10:34 AM

Thanks for the sharing.

Good to know about the high quality of the seminar.

The one in my town will be in Q2 this year. Will invite myself by calling them if I don't get an invite a week before the seminar. Sounds rather desperate? Ha.

Sometimes in life, one needs to be more pro-active, upfront AND THICK skin to get what one wants! Ha.

Amanah will and non Amanah will? Care to clarify?

ASNB has a product of Hibah Amanah for Muslims and Pengisytiharan Amanah for non Muslims. They collect RM190 one time fee for all units of all products of the person has in ASNB. The execution fee is about 0.6% for the first 1 million, and subsequent is a bit lower. The withdrawal takes less than 21 days. Other wills, may take months to year.

Other wills means any withdrawal from a decease's account is not going through either hibah/penisytiharan Amanah.

This post has been edited by kpfun: Feb 1 2016, 11:17 AM

But if use other will, one won't get in the form of units right?

I asked this question specifically in the room - they answered firmly, ONLY Amanah they will transfer the units. They will open the account if the beneficiary has no account.

For other wills, they will sell the units and give the beneficiary in cash.

The presenter even explained to those bumi audiences about why I asked this question - for the reason of non bumi are not easy to buy the units. Some beneficiaries like to continue keeping the units. Amanah is the best way of ensuring their units are not sold.

This post has been edited by kpfun: Feb 1 2016, 11:57 AM

thanks for the info I hope most non bumi don't buy the asnb will.. So when they give cash, more units available on the system for all to grab

just got rejected from AS1M

tbc next month sigh

Is there any kind of financial assistance like ASB2 loan for non bumiputera?