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

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cheahcw2003
post Aug 1 2016, 07:22 PM

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QUOTE(wu ming @ Aug 1 2016, 06:55 PM)
Top up ASM with RHB around 10am today. No problem.
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did my ASNB transaction around 10:30am at RHB and 11:30am at CIMB. System ok
cheahcw2003
post Aug 1 2016, 08:10 PM

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QUOTE(wywy2020 @ Aug 1 2016, 07:54 PM)
how much u managed to grab?
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a lot. sales proceeds of my invested property.
cheahcw2003
post Aug 5 2016, 12:26 PM

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QUOTE(titanic_crash @ Aug 5 2016, 11:30 AM)
succesfully transfer my epf account 1 into asw2020 in july...
have done the same for asd in april..next, i will do as1m in oct..

based on my conversation with the staff counter, there is a lot of funds available under epf as many have redeem and put it under asb2
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Worth to do it?
EPF pays better rate than ASx some times.
cheahcw2003
post Aug 6 2016, 11:53 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 products they push? The variable price funds?
cheahcw2003
post Aug 26 2016, 09:27 PM

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QUOTE(Ramjade @ Aug 26 2016, 08:26 PM)
Still want to know how much did they carry forward. hmm.gif hmm.gif
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Need to wait till the financial report ready.
For ASD, there is o carry forward announced as well, so need to wait for the report
cheahcw2003
post Sep 3 2016, 12:37 PM

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QUOTE(twinkle5129 @ Sep 3 2016, 10:22 AM)
A strange thing also happened  on 1/9.
As I did 2 transaction and total >50k, $$ out from CASA, the staff asked me to fill up declaration form.
I was a bit puzzle but anyway, filled it up as required. He said, if per day total transaction >50k, it's recently required by ASNB. Previously, I've done multiple transactions with total > 50k from CASA with no issues.
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Same experience with me, the teller will ask me to fill up the form if he/she remember, most of the time they forget.
My experience of > 50k with octopus bank
cheahcw2003
post Sep 3 2016, 01:16 PM

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QUOTE(twinkle5129 @ Sep 3 2016, 01:13 PM)
It was an 'unplanned' top up but decided to try 2nd time as 1st transaction was successful and I was the only customer in the bank. Need to uplift 1 of my Fd certs for 2nd top up. After calculation, lost 1 mth FD interest but will get the extra % benefit from ASW future dividend.
Just to tidy up passbook. blush.gif
You mean >50k / transaction or multiple transactions?
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> 50k in one transaction
I m the minority who can invest in the funds allocated for bumiputera, so no need to do multiple trials for deposits

This post has been edited by cheahcw2003: Sep 3 2016, 01:18 PM
cheahcw2003
post Sep 8 2016, 02:14 PM

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QUOTE(guy3288 @ Sep 8 2016, 01:52 PM)
all of u printed the Dividends already, enjoyed the return.. just printed 3 books, keyed in all entries + dates into  Polarbearz excel file and it showed quite diff IRR (since 2007):  6.17, 6.33 and 6.39% , must be int loss from diff buying dates i guess..
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the most enjoyable moment is to see your fund grow from the dividend compounded mechanism.
When applying loan, banks take the seed as net worth and the dividend as yearly non-taxable incomes.
cheahcw2003
post Sep 8 2016, 03:50 PM

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QUOTE(Kamen Rider @ Sep 8 2016, 02:46 PM)
mmm... interesting point.... question, do we need to declare these incomes e.g. income from ASx, FD etc...... if someone having big net worth in ASx and FD, these dividend/interest income need to be declared in Income Tax or not?

hmm.gif
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dividend income from the asnb fixed price funds are tax exempted. It is stated in the funds' annual report
cheahcw2003
post Sep 8 2016, 03:51 PM

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QUOTE(Kamen Rider @ Sep 8 2016, 02:52 PM)
Undestand not taxable , just like dividend income from shares, however my question does one need to fill those paperworks for income tax submission.....

will LHDN come after you...... as you could probably buy a car, a property with your dividend ..smile.gif
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just saw your 2nd posting.
If it is not taxable means you do not need to fill up any income tax papers.
cheahcw2003
post Sep 8 2016, 03:55 PM

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QUOTE(Ramjade @ Sep 8 2016, 02:55 PM)
Buying car wirh dividend no problem. No one can buy property with dividend.

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Depending on what car you buy, kancil or Porsche?
If you buy Porsche in cash, you are digging yourself a graveyard. Most HNWI buys luxury cars in small loans, to escape the attention from you-know-who.

cheahcw2003
post Sep 8 2016, 04:57 PM

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QUOTE(Ramjade @ Sep 8 2016, 04:51 PM)
Just ask from the banks. Nak minta lebih supaya lebih senang, saya isi dan kamu print je.  biggrin.gif
So can use ASW, ASM, AS1M when applying for laons? Will bank take that into consideration?
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no problems as mentioned before.
cheahcw2003
post Sep 9 2016, 02:39 PM

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QUOTE(Ramjade @ Sep 9 2016, 02:32 PM)
He already mention. For every RM10k, he will give the branch manager RM50.
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worth it?
looks like a crime.
cheahcw2003
post Sep 26 2016, 10:40 AM

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AS1m dividend end of this month, expected no surprise.
cheahcw2003
post Sep 27 2016, 01:51 PM

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The lowest ever.[COLOR=red]

user posted image

cheahcw2003
post Sep 27 2016, 02:49 PM

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QUOTE(LDP @ Sep 27 2016, 02:38 PM)
Can we expect ppl to hunt for ASM and ASW2020 instead of AS1M ?
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what is the point? the other funds most likely will follow the benchmark

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