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

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

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

This reminds me a Honda salesman told me he had a police customer who paid his new Honda in cash notes. It was a huge effort for the outlet to count the money because they do not have money counting machine like bank.

A week before last GE, there were plenty available units. The coming GE could be another opportunity for mega entry, especially when BN looks weak.

This post has been edited by kpfun: Feb 6 2016, 09:23 AM

Sharing with you my most dedicated experience, which was happened 2 years go, for AS1M hunting. Just after its dividend released, I went to bank everyday from 1st until 10th, and my result after a week plus effort, was RM200 in 2 successful transactions.

It was so much different last year, the bank staff asked "Lagi mau?" after few of my successful transactions.

Impressive to see such thinking is from a today's student. A very mature and practical thinking about money.
Shame on many highly 'debted' grown up people, who have no idea of future money.

Are you a post-grad student?

I think, his article is confused by the class of investors. Someone is investing knowledgeable and good in making money from money, of cause, have more options in varieties of investment either domestic or overseas.

ASB and EPF are perfectly fit for people who know nothing about investment. They have either no knowledge, or not interested to learn or spend time on investment. Basically, not much options for them. Furthermore, their capitals usually are limited, no one, or the qualified one, is really interested to assist them.

You really need to be damn rich, if you want someone who is really good, to configure your investment portfolio.

Absolutely right!

PNB funds are political fund.

I think, many people see its positive side - a good rate with very low risk, and backing by government.

Unfortunately, the negative side not many people notice. It is hurting the country economy development in long term. Nation tends to be over passive in investment. It is something like the basic pay of a salesman is too high - loosing motivation to look for sales.

"cukup makan" feeling demotivates us to look for better.

Really, I am still very confused with Sharia financial products.

Let say, ASB goes with Sharia, can ASB buy AEON, as Jusco is selling pork.

Sad to see such news. Sorry for Malays, really, being fooled by all these politicians.

The main problem for Malays is the family size is too big and therefore, unbearable by the income.

I always share my view with my Malay friends, keep the family in small, focus on educating the kids well (no point keep on producing office/delivery boys or Jusco's counter girls). Small family allows you to have extra for investment. This is the correct way to change the family financial, and also, the next generation.

Of cause, all Malay politicians work on the opposite way. They want more votes, and better, the votes come from low educated people. So that, they can manipulate them easily.

This post has been edited by kpfun: Apr 28 2016, 10:12 AM