If ASB/ASB2, then it's due to the max limit of RM200k. Why do they limit? Simple. Assuming that all units in ASB/ASB2 can be snapped up, imagine how much money will be flooded into KLSE? ASNB will become large shareholder in lots of companies which SC does not want. Which means all companies decisions will need ASNB approval. Which is dangerous.

The scenario is IF all the units for ASB/ASB2 are subscribed.

If you want to grow that, make you don't withdraw any dividends at all yearly.

Let's say I have RM210k in my ASB, should I withdraw the RM10k and put it in other fund such as ASB2?

Just keep la. Why do you want to withdraw? Next year, when dividend is given, your new limit will be RM210k + dividend.
If you want to add ASB2, just use cash from elsewhere.

Thanks ya. Coz I tried my luck in cimb and always failed. Wonder whether it is due to certain banks or just my bad luck.

Thx again.

Cimb is like that. Avoid at all cost.

😅😅 glad that it cheered u up after the rain in kv and the massive jam. I think I should just ignore it. But just can't tahan the ignorance arrogant way of accusing. I think I have seen this question often in the thread. So I guess should be no harm asking.

P/s, I m sure I m not a man. 😥

Please bear with me,

I thought the maximum investment is RM200 000?

Let's say I lump sum invest RM200 000 into my ASB, next year + dividend(7%) become RM214 000.

On the year after that is RM214 000 x dividend 7% ? My new maximum become RM214 000?

This is just my opinion.

Well, many of us do understand that your original question was to determine the location (PNB office, or agent bank) where you90 invested RM 5k each into AS1M and ASW 2020.

But, contestchris misinterpreted your question and thought that you wanted to know how you90 earned the RM 10k (by working, saving, inheritance, or so on).

Basically, it is just a misunderstanding.

This post has been edited by kart: Jan 21 2017, 06:33 AM

you're right .

Yes. That's right. Lump sum RM200k, that's the max initial limit. Then IF you DON'T WITHDRAW the dividend, and say you get RM14k as dividends, then your new limit is RM214k. What this mean is you can withdraw out RM213k, then when you topup, you can topup RM213k instead of only RM200k.

My god.......

My family and cousins are wrong for so many years now.

Once maxed out RM200k they withdraw the dividend income because they thought maximum is RM200k.

So say if initial investment was rm200k. After 9 years it could have compounded to rm400k(assuming no withdrawal), n if u withdraw out rm400k, then later u can topup to the new max. of rm400k?

Yes, that's what most people says..
Once already hit above 200kk, the limit stays that way.. Won't reduced to 200k

Seems like not many people know today asnb branch open..
Not many people also...
So guys if u all free today, better go visit & try luck top up..

Well, now you know.

That's right.

less ppl means less ppl withdraw also

Well true also..
No harm trying right if free today...

Asnb means cash transactions, i.e. More exposed compare to bank agents?

Yup. That's the risk one have to consider when doing transactions at asnb...
But it's limited to 50k cash only for all fund..
Logically u won't be getting such amount for non x divided date
can get 10k also good enough

How many figure you got for today?