For me, very glad that I came across this forum some 2 years ago. I got some in AS1M and ASM, basically just the opening day deposit amounts. Heard about the difficulty in adding to the accounts, no more funds for non bumi, etc. Stopped there.

Learning from experiences here, including Guy288 alerting me when he managed to buy big amounts, I managed to sikit sikit lama jadi bukit kecil. Ha. Compared to FD, now my workers (my money) are working twice as hard. Glad to see the extra $$$ on dividends days. Ha.

Disappointment and tough at times, but worth the initial sacrifices in time, petrol, patience.

Cheerio.

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.

Mind sharing why if it is not too personal? PM me?

ASX VP is different from ASX FP. Maybe from your disappointing experience with ASX VP?

Just want to learn from others. Maybe I do not see things the same way and some people see things at different angle.

Thanks.

This post has been edited by plumberly: Oct 19 2016, 11:49 AM

My view is this, ASX FP are actually VP but with some hidden hands in there, they are manipulated for the outside world as FP.

So, as long as it is FP, I will put $ in there and stay put. Once the FP is gone, my money in there will be gone too, hopefully a few weeks/months before the FP-VP change. Ha.

Yes, more in FP than FD now.

Don't mean to pour cold water over the consistent good dividends fire from ASX. Ha.

Like to share 1 thing I learn from CNA's Coffee With The Boss show. The boss was a farm boy in the USA and he is now a big boss in Spore (in a courier company if I remember correctly).

He learnt one important thing from his grandfather who said something to this effect:

Don't Take Good Things For Granted. Be Prepared When Things Turn Bad.

So have ASX alternative ready when needed. Ha.

Cheerio.

No no, I am not pouring cold water on ASX. In fact, I like it. Wish I knew about it 10 yrs ago! Then I could have bought this and that just using the extra 2% over FD!

I am only alerting the danger of taking it for granted and relying on it too much.

I am in the pro-ASX camp! Ha.

Gold as investment? I prefer to stay at least 10 m away from it. To me it has no fundamental to it, just too much of people's fear and greed (yes, so are stocks), likes, dislikes, etc.. I would prefer other precious metals like platinum etc which have real industrial applications.

Yes, some will come back and tell me, look at the huge gain in the past few years compared to the past few decades.

Well, not my cup of tea.

I better go back to primary school to learn and improve my English!

AA Don't mean to pour cold water over the consistent good dividends fire from ASX. Ha.

*** I mean what it says, not pouring cold water over the fire!

BB No no, I am not pouring cold water on ASX

*** What more can I say. Maybe it is the double negatives ( no no) which means positive (yes)!

In a nutshell, ASX FP is giving consistently better returns than FD (except one year). One can just move from FD to ASX FP and enjoy the higher returns.

What I am trying (looks like I have to try VERY HARD) to highlight here is the danger in taking good things for granted. What if one day they stop this FP and move to VP? So be prepared should the day come.

End of story. PERIOD. Tamat. XXXXXXXX

Saw some discussion here on getting ASX on the 1st day of the month. Asking myself is it really that critical to get in on the 1st day, how much will I loose out if not successful etc.



Pardon me for my simplified assumptions.

Suppose I have RM10,000 to work with, in ASX or FD.

AA
If I could get it into ASX on the 1st day of the month, jolly good! See green line.

BB
If I decided to put it in FD, see red line.

CC
If I failed on the 1st day of the month in ASX, I try again for the remaining 29 days and managed to get in. See blue line.

I am surprised that it takes about 30+30+12 = 72 days for ASX to break even with FD if one fails to deposit into ASX on the 1st day of the month. Actually, it is 3 months as they do not calculate the interest on daily basis but monthly. I have ignored the case where one puts the money for some daily interest while waiting for ASX.

Despite the 3 months breakeven period, I will still try to get it on any day of the month if my 1st day attempt is unsuccessful. Ha.

Cheerio.

P/S Does not matter whether the amount is 1,000, 10,000 or xxxxx. The breakeven period is the same.

Congratulations!

With the EXTRA RM25,000 dividend (for every RM 1 million) in ASX over FD, this young uncle can take us out for some kopi O for a long long time!

Well done!

Out of interest, what was the FD rate? He got special rate from the bank since the amount was BIG?

Only 4%? With that amount, should be higher. Maybe the problem is HL?

Cannot help it, have to speak my mind here.

I got some PM UT for the PRS. That performance is below FD! Why did I select PM UT? Yes, because of the name. Bought some PM UT before, performance was so so. But one PM UT was very good 10% pa (forgot the name now). Heard that they have or planning to stop that fund. Ha.

I should have done some work in deciding the PRS UT. But with new PRS UT, no historical data then to study. So have to use the brand name.

Now planning to switch to other PRS UT via FSM.

Cheerio.

P/S Stay away from UT. For the PRS, have to use UT. UT is basically making money for the companies rather than the shareholders. They charge a fee even when the UT is loosing money. At least 3 books I have read recommend to stay away from UT (mutual fund they call it in the USA). Don't want UT sifus shooting missiles at me, yes, some UTs are good, but far in between.

This post has been edited by plumberly: Oct 31 2016, 09:28 AM

Yes, switch to other UT on FSM platform.

I thought I have spoken on this. Ha ha. Sounds like a preacher. Ha.

Like I said before, ASX FP are basically UT but with some hidden hands in there, they are treated as FP funds. These ASX FP will not incur capital losses like ASG VP while the FP is in force.

Once the FP is gone, I will be gone weeks/months ahead of the change! Ha. I think the FP is in place for the next 2 years plus.

Cheerio.

With more and more DTM's past work facing the curtain (e.g. Sepang F1, Langkawi Eagle), will DTM's ASX take a beating as well?

DTM launched ASW2020 right?

Ah Jib is so childish if his agenda is to spill paint on every things related to DTM.

Airing this with no intention to deter those from investing in ASW.

Looked up YPB on the web.

Guess who is chairman there?

Ah Jib!!!!!!!!!!

[quote=guy3288,Nov 1 2016, 02:12 AM]

[/quote]

Nobody invest UT to get FD return. the fact that people gets FD kind of returns or even lower shows that UT can be unpredictable, can be risky , can even lose money!

Note: sorry to quote your post to show people UT is not all that rosy like those in FSM want us to believe.
You have a point there, i thought i was being sensitive.


[/quote]
No problem bro.

I put into PRS mainly for the income tax benefit.

No more sms alert from you when the doors are opened for the ASX windfall? Ha. I am now on snail pace compared to rabbit pace in the past on getting ASX.

Sorry, I am a bit slow in understanding.

38K is his book balance now and he cannot sell till manager is back?

Mind telling name of the UT? Regular saving? Regular growth? ??

No need now. Now at snail pace and in no hurry.