No can't stay away, bought in Oct 2013 and until now it is just break even!!! Put in RM10k then, now worth RM10,050!!! Btw not I buy, a friend. Want to look at historical price chart (like Bloomberg has for most funds), but can't find it for any Amanah Saham funds.

IT's just that Msians are not well-informed. They don't know, and for those who know, they don't know what else can they do outside of PNB. IN PNB THEY HAVE TO TRUST !

Happy New Year 2017 to all.

Are we heading to historical low? Will pnb increase fund size to average out purchase during high price?

Wahid oh wahid.... you are out of method to play

Sorry ladies and gents, was away on an extremely long break and just caught up with everything (lots of posts to read). Anyways, here's my views based on the info that I have.

Are PNB/ASNB worried? No. The bumi's are always famous for failing to understand the concept of compounding interest and as such they'll be expecting the normal withdrawal in the first month of 2017 just like all the previous years. People cancelling their ASB loans? I'm of the opinion is better to weed out those who shouldn't be eligible in the first place and have the quality borrowers. 

Should investors be worried? Yes and no. Yes because ASB broke the 7% floor but that's more to do with AWO than anything else. Market participants and my insider contacts says that AWO is not a fan of using/dipping into reserves to prop-up returns unlike their neighbors Tabung Haji. What they make they'll pay out. Internally I believe the benchmark is set for 6% across all funds, I believe I read it in one of the analyst reports.

No because PNB will not allow its bread and butter FPs to drop below 6% (IMHO). EPF and LTH has only just recently breached the 6% and above returns for their funds as previously it was the domain of PNB's funds. The only mistake PNB did is not managing expectations for ASB returns. EPF played it smart by saying much earlier in mid-2016 that savers SHOULD NOT expect returns of 6% and more due to market conditions.

I know all the "press release" or "damage control" stuff flowing out of PNB/ASNB is cliche' but it's the truth. Minimal risk with returns above and beyond anything comparable. The spread between most FDs to FPs is still 2% at the very least while the spread between ASB returns and BLR/BFR is still almost 2% too so "apa lagi malaysians mahu?" to paraphrase a previous headline.

I mean come on guys, KLCI did go -ve in returns for the past 3 years and that's a fact. I'm in the camp that believes our "real" inflation rate is 4 to 5% rather than the quoted 1.8% CPI so the returns are still "competitive" (as per PNB's statements) as compared to the risk associated with FPs.

Again, the above are my views so you're most than welcome to agree to disagree 

You may want to try the nearest affin bank. Affin bank workers are generally happier to hlep compare to other banks. Also, some say go straight ASNB. For me and auntie twinkle, we swear by affin bank.

Also, if all this running around is making you tired, take a look at Affin Hwang Select Bond. It's return is as good/even better than ASX FP and it's stable. No service charge by FSM for this fund. 0.2% service charge pa.

         

RM became weaker,... dividend rate dropped too ????? This is a double-whammy, bro,................

Newbie here just wanna ask if i buy ASN unit, i got charge 5% from the NAV price right?

But when I sell, do i get charged 5% as well?

hi ramjade,
thanks for the feedback.

1. No transaction fees. Just bring RM300 if you want to open all 3 books (recommended) over just 1 book.
//which 3 are involved? asw2020, asm and ?

2. Min amount to open is 100unit/RM100
// normally best to start with RM1000?

well, there is one way to make yourself to be entitled for asb, but you will have to let go your current lifestyle...

http://www.asnb.com.my/v3_/asnbv2_3service...ohonankelayakan

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

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.

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.

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.

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

in this scenario, for me personally, PNB is my only hope for wealth preservation.

6% return to beat inflation, so still OK.

I don't think Ringgit will depreciate -6% vs USD annually

on the side note, managed to get ASW2020 today (high 4 digits) . Seems quite easy last few days. Maybe many non-bumi withdraw dividends for CNY.