QUOTE(dlttdltt @ Jul 23 2017, 12:30 AM)
Anyone here with RM1mil in asx funds ?
Of course got. I know of 3 people here who have that much inside (old timers who went MIA) ASW2020, ASM and AS1M.
ASB & ASB2 I don't know.
QUOTE(seanlam @ Jul 23 2017, 02:55 AM)
Why asbn quota for chinese always full, while the allocation for bumiputra as well indian never fullly subscribe? X faham
For chinese
1) savings is always a priority especially for older generations (not saying others don't save)
but chinese tend to save more. Not sure current generation still save or just YOLO. And these rich older generations pump in 6-7 digits, where got units left for other chinese? Some even pump in for their kids.
2) there's no unlimited units available so Chinese cannot treat it like a savings account. So if you can get in, would you want to cash out?
3) easy to get money without doing anything and Chinese love money (just look at Chinese New Year - everything is about money

)
This post has been edited by Ramjade: Jul 23 2017, 08:00 AM