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

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Asmasw2020
post Aug 6 2016, 07:01 PM

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QUOTE(Ancient-XinG- @ Aug 6 2016, 05:29 PM)
If less than 10k sell la..
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QUOTE(nexona88 @ Aug 6 2016, 06:06 PM)
mind asking how much losses?  hmm.gif
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Bought 20k. Current value below cost price by around rm500.

Ramjade
post Aug 6 2016, 07:21 PM

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QUOTE(Asmasw2020 @ Aug 6 2016, 07:01 PM)
Bought 20k. Current value below cost price by around rm500.
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Just wait until next year. Wait until after dividend + ~4 months, sure you will get back your prinicpal.
Factor in the 5% SC as well.
wil-i-am
post Aug 6 2016, 08:25 PM

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QUOTE(Asmasw2020 @ Aug 6 2016, 07:01 PM)
Bought 20k. Current value below cost price by around rm500.
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Sad to hear u lost 2.5%
Perhaps u may consider to switch from VP to FP
nexona88
post Aug 6 2016, 08:38 PM

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QUOTE(Asmasw2020 @ Aug 6 2016, 07:01 PM)
Bought 20k. Current value below cost price by around rm500.
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Then u can start to move your fund..
wil-i-am
post Aug 6 2016, 08:49 PM

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QUOTE(Ramjade @ Aug 6 2016, 07:21 PM)
Just wait until next year. Wait until after dividend + ~4 months, sure you will get back your prinicpal.
Factor in the 5% SC as well.
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Take note tat Dividend is irrelevant for VP funds
nexona88
post Aug 6 2016, 08:56 PM

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QUOTE(Ramjade @ Aug 6 2016, 07:21 PM)
Just wait until next year. Wait until after dividend + ~4 months, sure you will get back your prinicpal.
Factor in the 5% SC as well.
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Suddenly klci crash how? blink.gif
Habis lah...
ihowin
post Aug 6 2016, 08:58 PM

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QUOTE(Ramjade @ Aug 6 2016, 07:48 AM)
Big mistake on your part. Why?
1) You lose 5%+ on the spot (ASG have service charge while ASM have none)
2) ASG follow KLCI so the returns be < 6.x% (ASM). I got returns of 1.x% before. That's why I decide to convert to fixed price ASX. (cut loss after holding ~3 years)
3) There are better funds available on FSM with only 2% SC compare to ASG 5% SC.
4) ASG NAV flacuates not like ASM. So you CAN LOSE money.  ASM NAV is fixed at RM1/unit. How to lose money?

Forget about topping up ASG. Go try luck opening the other 3 fixed price funds.  ASW2020, ASM, AS1M. There are places with higher chance to open listed on first page.

If I am not mistaken, the bank gets comission for ASG. You should have walk away. Bow that RM500 is stuck inside there for at least 3 years to break even (to get back your principal)

Hope this answer your question
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Ahh alright thanks man for the info!! Seems now I would need to try my luck to open the fixed price funds, is there any online website or anything to check for availability or something? As far as I know, usually this thing, it would be way beneficial if you know anyone from inside to help open an account.
ihowin
post Aug 6 2016, 09:01 PM

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QUOTE(nexona88 @ Aug 6 2016, 12:17 PM)
I give good suggestion.

don't top up anymore. instead close the ASG account & invest in ASW2020.. upcoming dividend is near. 1st Sept is the date. I donno how u gonna do it, u needed take some time off that day. take MC , AL or any other excuses..

best is to try at PNB office.
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Thanks!! Gonna get the funds ready and stanby outside their office before open hahahaha. Usually is hard to open fixed price account though. May I know where to check for next upcoming dividend or availability of the account?
Ramjade
post Aug 6 2016, 09:03 PM

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QUOTE(wil-i-am @ Aug 6 2016, 08:49 PM)
Take note tat Dividend is irrelevant for VP funds
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Dividend not important but NAV sure will rebound unless it's very bad.

QUOTE(nexona88 @ Aug 6 2016, 08:56 PM)
Suddenly klci crash how? blink.gif
Habis lah...
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I believed KLCI already low already. How low further can it go? Compare to me, I bought when KLCI was all time high.

QUOTE(ihowin @ Aug 6 2016, 08:58 PM)
Ahh alright thanks man for the info!! Seems now I would need to try my luck to open the fixed price funds, is there any online website or anything to check for availability or something? As far as I know, usually this thing, it would be way beneficial if you know anyone from inside to help open an account.
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No online website. Only ASNB branches can see for you availability of units. You don't need someone inside to open. I am a perfect example. Nobody inside, no priority relationship to leave book at counter. But I am a student. So not counted as lots of free time. tongue.gif
Btw, I opened mine at banks.not ASNB branch.

QUOTE(ihowin @ Aug 6 2016, 09:01 PM)
Thanks!! Gonna get the funds ready and stanby outside their office before open hahahaha. Usually is hard to open fixed price account though. May I know where to check for next upcoming dividend or availability of the account?
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Check first page. The dates are listed there for dividend date.

This post has been edited by Ramjade: Aug 6 2016, 09:05 PM
wil-i-am
post Aug 6 2016, 09:06 PM

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QUOTE(Ramjade @ Aug 6 2016, 09:03 PM)
Dividend not important but NAV sure will rebound unless it's very bad.
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Up or down is based on fundamental instead of 'sure'

Ramjade
post Aug 6 2016, 09:08 PM

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Wonder whether I can topup 5 figure for ASW2020 this coming dividend date. Got one FD maturing... hmm.gif hmm.gif

This post has been edited by Ramjade: Aug 6 2016, 09:09 PM
Asmasw2020
post Aug 6 2016, 09:22 PM

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QUOTE(Ramjade @ Aug 6 2016, 09:08 PM)
Wonder whether I can topup 5 figure for ASW2020 this coming dividend date. Got one FD maturing... hmm.gif hmm.gif
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Me2. Might sell off my asg n trf to asw.. 😥

Ramjade
post Aug 6 2016, 09:25 PM

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QUOTE(Asmasw2020 @ Aug 6 2016, 09:22 PM)
Me2. Might sell off my asg n trf to asw.. 😥
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I recommend you hold for 2-3 years and see. Don't be too hasty.
nexona88
post Aug 6 2016, 09:38 PM

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QUOTE(ihowin @ Aug 6 2016, 09:01 PM)
Thanks!! Gonna get the funds ready and stanby outside their office before open hahahaha. Usually is hard to open fixed price account though. May I know where to check for next upcoming dividend or availability of the account?
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Asnb office should be easy to open..
Most of us open there rclxms.gif
wonglokat
post Aug 6 2016, 09:53 PM

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Accompanied a friend to do her ASB and ASM topup at PNB office. Enquire with the staff and they're very keen on pushing the new ASx products and said non-bumi shares in ASM/ASW difficult to get.

Anyone fortunate enough in recent months to successfully open an account?
Vincent9696
post Aug 6 2016, 09:57 PM

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Hi, is been lo time i never visited here...

Welcome for new version..lol
Ramjade
post Aug 6 2016, 10:06 PM

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QUOTE(wonglokat @ Aug 6 2016, 09:53 PM)
Accompanied a friend to do her ASB and ASM topup at PNB office. Enquire with the staff and they're very keen on pushing the new ASx products and said non-bumi shares in ASM/ASW difficult to get.

Anyone fortunate enough in recent months to successfully open an account?
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What ASX products did they recommend?
tonytyk
post Aug 6 2016, 10:16 PM

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QUOTE(Ramjade @ Aug 6 2016, 09:08 PM)
Wonder whether I can topup 5 figure for ASW2020 this coming dividend date. Got one FD maturing... hmm.gif hmm.gif
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Wow, cash rich UHNW, sure have priority lane
Ramjade
post Aug 6 2016, 10:20 PM

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QUOTE(tonytyk @ Aug 6 2016, 10:16 PM)
Wow, cash rich UHNW, sure have priority lane
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Nah if got priority lane, sure leave book at counter already. I camp at bank and try luck. sad.gif
nexona88
post Aug 6 2016, 11:46 PM

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QUOTE(wonglokat @ Aug 6 2016, 09:53 PM)
Accompanied a friend to do her ASB and ASM topup at PNB office. Enquire with the staff and they're very keen on pushing the new ASx products and said non-bumi shares in ASM/ASW difficult to get.

Anyone fortunate enough in recent months to successfully open an account?
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just ignore & push for ASM/ASW account opening..

like I said soooooooooo many times. go after ex-dividend date to top-up or open new account...


and yes. we managed to open new account in recent months at PNB office. agents banks kinda hard bangwall.gif

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