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
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.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
Aug 6 2016, 08:58 PM

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