Yes, it will reinvest the dividend units

Security Commission

You got a sense of humor

I am simply amazed by all of your deinition of “a bit”

I am already very happy if I can secure 100 for all 3 FP per month

Both are different investment vehicle.

ASW2020 provide consistent dividend while KGF can give potentially high return.

If you invest in KGF knowing its risk and volatility, and you only invest what you can afford to lose, then KGF.

Otherwise ASW2020 can give you a peace of mind

Don't worry, I also opened all 3 in different days

Once you secure all 3 books with 100 each, then you can start to show hand liao

Not sure anyone here kept their report since inception to see the reserve flow and changes?

Just wondering, how you guys get to know ASx FP in the first place?

[/SPOILER]

Wa, all got family member support eh

My parents got frustrated over opening them and never continue to open few years back.

So only me searching around savings/investment option and came across this thread

Typo maybe

7/8 years raise 100% not bad wo

What do u mean by a political fund?

How does that determine your investment decision?

So if these FP funds are instead offered by conventional fund houses like Kenanga or PM, it will not be attractive anymore?

Buy through ASNB office, Pos Office, Maybank, CIMB, RHB and Affin

Dividend calculated monthly based on monthly minimum balance:

e.g.

you open account on 2/11/2016 with 100, 11/11/2016 deposit 200, total @ 30/11/2016 is 300
november minimum balance = 0 (since you have zero balance on 1/11/2016)

1/12/2016 you have 300, 31/12 you withdraw 150, total @ 31/13/2016 is 150
december minimum balance = 150
december dividend = 150 * dividend rate / 12

you will get your dividend credited as extra unit once a year

risk, similar to GIA, dividend declared might change year to year, though is not influenced by OPR, but variance is quite minimal

you can open the account any day as you like

In theory, to maximize the dividend, you are recommended to deposit at 1st of the month or end of the previous month to enjoy the dividend for what you deposit

Say now November, you have the account, and you want to deposit 10k into it, in order for the december dividend to be calculated for the 10k, you must put the 10k into the account by 1st of december

But in practice, the funds are subject to unit availability, so is advisable to add in funds whenever you are free to secure extra unit

I may not be in good in explaining, but you can discuss with others here to understand more, or better, try to open the 3 fixed price funds available for us to try out first hand

You will understand better on how it works and what the forummers discussed here means when you try

This post has been edited by AIYH: Nov 3 2016, 04:39 PM