How r the quee this few days in asnb branches? Worth dropping by to try top up? Btw, r the slips the same or now standardized to one?

Only ASB & ASB 2 have 200k limit
All others funds under asnb is unlimited.. U got millions also can dump, subjected to units availability

Congratulations to the winners of the contest #PoC (Power of Compounding) ASNB

there is alternative if this is the case. your children can opt for bumi status, and you can invest through their account.

lol

NO need lar,... with the depreciating Ringgit, these investments are no more attractive. Perhaps in the early years when RM was holding its value,... yeah,... today, the financially-successful Bumis want to hold foreign currencies - in cash form if they can't bank-in anywhere. Of course, there will be those who will buy properties, land, etc,... but many said they preferred to buy something outside of Msia.

Those who managed to open accounts overseas, will bank foreign currency cash into their overseas accounts.

But if comparing MY market, I guess ASx FP is best among all.

Even some UT cant beat it.

Hope ASNB take a huge step to investing into foreign market, make it 60:40.

LET THE GAME BEGIN!

There are bad people man. Think about it. If all these people who converted to USD out of greed in the past 2-3 years re-converted their money into MYR, our currency will improve. Sadly Malaysians themselves are aiding the downfall of our currency.

First, your RM keeps depreciating year after year and nobody doing anything about it. If you don't save your wealth/nett worth, can you tahan seeing your hard earn money decreasing in value just because you did nothing? I know I cannot. Took me don't how many years to gather all those savings.

Second, mark my words, the moment USD drop quite a lot against the RM (if BNM allows it) all money changer USD will habis stock. Why is this so? People who miss the boat at 4.3 will scramble to convert USD/MYR if it's at 4.3.

Third, GLCs have already brought money back in mass, China injected don't know how much cash. All this should pop up the RM right? But how come RM continue to slide?

Fourth, why do you think the new ruling by BNM causes unhappiness among exporters?

This post has been edited by Ramjade: Jan 18 2017, 12:09 AM

The prb is we can't limit ourselves only to the local mkt anymore. Why,... because the value of our currency is actually tied to the international mkt..

AND : even if ASNB can go into foreign mkts, it does not make any difference if the returns stay as it is. The returns must run a whole lot faster than the rate at which the RM depreciates in order to make it worthy to invest into the PNB.

This post has been edited by Hansel: Jan 18 2017, 05:38 AM

It is not greed that causes Msians to convert out. It is protection of purchasing power. Msians have to protect their purchasing power, because the Gov't does not do this for them anymore. The Gov't is not too keen to do this for the people, because the prbs are too big to fight,.. only in a change of administration will there be a chance to turn the Ringgit around. And no one is willing to do this.

The only thing the Gov't can do is to give meagre handouts like BR1M to 'HOLD ON TO POWER', and to advise peoplt o work more, to eat cheap food with low standard of quality.

However,.... this tactic seems to be working with the masses,... don't worry,... I don't think the masses is changing their RM out. Only a small percentage of the population would.

WE have to look after ourselves because the Gov't is not able to take care of us sufficiently,... all they can do is to advise us and to give our BR1M. I'm afraid this will not help us in our quality of life i the long run !

If the masses "continue to be happy", there will be no riot ! IF, somehow, the masses open their eyes, then there will be mass riots, and the borders will be closed !!

You cannot use bad to describe any legal financial activities.

Take an acid test, what would you do if you know our currency is going to depreciating more 50% within the coming months? You live in Johor Baru, would you walk to Singapore to deposit your hard earning cash in SGD?

Perhaps, you would say, "No, I want to save my country".

It is your choice. But, you have not much left after depreciation. Because your earlier saving is sufficient for buying a car, but now, maybe, a TV.

Don't believe this story, read some cases in South America, the past and also, currently, which still happening at the moment of writing.

This post has been edited by kpfun: Jan 18 2017, 08:44 AM

A very good example Argentina peso vs USD.
Now Mexico peso vs USD

That's why those people over there are converting their peso to bitcoins to bring the money overseas as the govt imposed capital control (Argentina) until you cannot buy any imported products.

This post has been edited by Ramjade: Jan 18 2017, 09:47 AM

Very very good opinion.
TBH, right now my only local market derivatives only ASx FP, FD, KGF. Other shall go to foreign currency + UT with foreign exposure.
Our country just like any other ignorance diabetes patient.
Health state going down, able to rescue but beign ignorance, the body will slowly deteriorate without any medical intervention but keep consuming sugar instead. Speed up the disease state and colaspe one day soon without any warning symptoms.

True enough.

Problem here is the gov.

They don't or never take the initiative to clear up all those speculations.

IMxx is one of them.

Issue shall be solved ASAP.

Back then MY was a really booming country...

Not at the time ringgit has hit the bottom. If ringgit does recover, then the investment will suffer foreign exchange loss.

Question is will our Ringgit rebound?

Instead of keep falling like bird dunk

Well, during the 1998 crisis, I remembered asking this question to my uncle when ringgit was at RM4.50. he said DUNNO.

And ringgit DID rebound to RM2.95 at one time.

But the condition now is different. Last time whole of SEA. Now it's just malaysia, indon, Philippines. Malaysian and indons are best buddies and Philippines is caused by their president.

Next, debt is fast approaching the self imposed limit.

Then there's 1xxx.

1998 some one playing forex...

2015 some one thought MY is his bapak punya.