that's why they said harom...

may I know what's this 100 bucks for?

When you die, all your holdings in asnb will be transferred to your kids in cash. By paying them rm190 (current price) + extra charges you get to transfer your holdings in unit form instead of cash.

In my opinion not worth it as
(i) we won't be sure how amanah saham return is in the future
(ii) your kid will be charged a few % commission when the transfer is done
(iii) if I am not mistaken, there's a yearly fees

Whatever it is, for us
Haram or halal, would still invest in ASx

Personal preference.. No one forced to invest in ASx

I also did not go for it.

Same as your points 2 & 3. Yes, there is a yearly charge.

The main attraction for me there is the automatic account creation of the beneficiary does not have an account. But that should not be over-riding sole reason for doing it.

I was told by the staff there that the beneficiary can still go to the local council to get a doc and with this, ASNB will transfer the money to the beneficiary within 6 weeks, if my memory is still OK.

Overall, not that attractive to me.

Oh ya, the time is also another one. With will, one get the money slower, with this pengisytiharan amanah, one get the money faster. Thanks for pointing out about the annual fees. For me the annual fees + the transfer charge is a turn off. If one time payment of say RM100, I won't mind asking my parents to go for it. But since there is annual fees + the transfer charge, I told my parents don't need to waste money.

is it some kind like "WILL" for inheritance of ASNB?
What happened to the money if something happened to me? (touch wood)...

I want to cont harom and invest

Yes. But it covers only amanah saham products.
Will = money will be given out in cash most likely bank into your kids bank. Take time.
Pengisytiharan = money will be "transferred" as units into your kids amanah saham book. If your kids don't have a book, ASNB will create a book for them. Process is faster and as mentioned, pay upfront RM190 + yearly fees + service charge (for transferring)

How much is yearly fee and transfer charge?

I want to nominate parents/sister and gf.

heavensea

AIYH hi bro, kinda off topic to tag you here.

and dear all,

But I've some doubts about "how do I calculate/know the returns of vp UT"?
In short, how can I know how much of ROI in term of sen/dividends paid out VS money of my input?

I think it's not simple as fp asx, because of the unit is fixed at 1 per unit.
Do you mind to show me some real life example/calculations based on KGF or RHB Islamic bond fund?
Or I just simply found it in fsm or similar website? Please highlight me.

tqvm and have a good weekend.

This post has been edited by heavensea: Oct 16 2016, 08:31 PM

If I "gg" (touch wood) and no one can retrieve those money inside asnb? How or what methods I can implement to prevent such hassle conditions?

Will or pengisytiharan amanah lo. Nope. Not like FD where 2 people can sign.

which one cheaper and offered the best value
not much of asset, I assume pengisytiharan amanah will do?

This post has been edited by heavensea: Oct 16 2016, 08:40 PM

Is not hard actually

You just need to know what is your current fund value (if you have one), just the amount of units you have times the current NAV, e.g. 1000 unit * NAV @ 1.05 = 1050

This value will then divided by the investment amount you invested in (assuming you only invest once) e.g. 1000

Then minus one from the calculated value, your ROI will be 5%

This method ignore timing, just compare your ROI with just final and initial value.

If you included the amount of timing, say you already invested 3 years, then your annualized ROI will be:
(Current Fund Value/ Initial Investment) ^ (1/your investment period in years) -1

In this case (1050/1000) ^ (1/3) - 1 = 1.64% p.a.

If you made multiple investments throughout the investment period, the above metrics my not be as meaningful generally, you will require IRR (internal rate of return) metrics which require excel to calculate

Will is the cheapest.

I found a "stupid way" haha

https://www.fundsupermart.com.my/main/plann...tor.svdo?step=2

thanks bro, I got it now. It's all about NAV, dividends paid out or not also about NAV
dividends paid out eventually reinvested so I got more units = more wealth

am I right? (or wrong again??)

do it via bank/insurance/pensuruh jaya?