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 Ultimate Discussion of ASNB (47457-V)发 8ight 发, Wholly owned subsidary of PNB (38218-X)

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Ramjade
post Nov 6 2017, 02:08 PM

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QUOTE(jusTinMM @ Nov 6 2017, 01:59 PM)
err....y angry and furios??  sweat.gif
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Cause those people went overseas, gave up citizenship still can keep their asnb.
Ramjade
post Nov 6 2017, 02:19 PM

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QUOTE(SilenTz_1993 @ Nov 6 2017, 02:12 PM)
Hmm, so what will happen to those people now? They got no IC so technically they can't withdraw their funds already.

or can they transfer their account to someone else who has it?
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If got online withdrawal, they can withdraw to their bank account. From bank account can do online TT.
Ramjade
post Nov 6 2017, 03:09 PM

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QUOTE(SilenTz_1993 @ Nov 6 2017, 02:35 PM)
Sorry I think I didn't sentence my question correctly earlier.  rclxub.gif

I understand that right now they can't withdraw their money without IC, and there is no online withdrawal yet as of today.

Despite the lack of an online withdrawal system, can they actually transfer their funds to someone else through other methods? (via some asset transfer things/will etc.?)
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They can always take other citizenship, don't give up IC, and do withdrawal. You can transfer but you can do as above mentioned
Ramjade
post Nov 7 2017, 02:48 PM

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QUOTE(annoymous1234 @ Nov 7 2017, 01:25 PM)
Guys. I finally manage to open account for 1Malaysia. Unfortunately I'm only able to put rm100 as I'm told it is full. They told me I need to check everyday to see got quota or not. My questions is where can I do this? From myasnb website can?
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QUOTE(veera77 @ Nov 7 2017, 02:27 PM)
Yes MyASBN...make sure have registered ur phone number with MyASBN and u have active online banking with TAC/OTP number registered.

good luck! thumbup.gif
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MyASNB cannot check for availability units in real time. Only ASNB branches.

You can only buy online real time by simply keying any digit you want. You cannot check availability.
Ramjade
post Nov 8 2017, 12:33 PM

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QUOTE(annoymous1234 @ Nov 8 2017, 12:05 AM)
so the only way to know if there is availability is to go ti asnb branch?
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Yes. Or alternatively just tembak how much you feel you are lucky.
Ramjade
post Nov 9 2017, 06:31 AM

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QUOTE(dlttdltt @ Nov 8 2017, 10:16 PM)
Thks for sharing. Will you still be selling your house and put the cash in asnb ?
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Even if I have money, I wouldn't put it into a house as house is super expensive now. Rm500k and above!!!

This post has been edited by Ramjade: Nov 9 2017, 07:50 AM
Ramjade
post Nov 30 2017, 10:57 PM

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QUOTE(JustcallmeLarry @ Nov 30 2017, 08:22 PM)
Guys need to ask a few things:
1. What date of the month does ASNB does their calculation? Like after what date of the month it is ok to draw money without losing the interest for that month?
2. What date will ASNB be closed from this month to do their year end calculation?
3. Anyone know how much interest they give us in 2018? biggrin.gif
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1. Based on the lowest amount of the month. Best time to sell/buy = 1st of every month. Best time to buy 29-1st of the month. You sell at the end of the month, you lose out the earlier amount. Eg you have RM2k, as of 1/11. You sold RM1k on 30/11, for the month of Nov, only RM1k will be counted. Now, if you were to sell on 1/12, only RM1k will be counted.
2. Every fund got different date. Rfer to first page for closing account date
3. Most likely less than 6%. Best bet is 6%. sad.gif ranting.gif
Ramjade
post Dec 1 2017, 12:06 PM

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QUOTE(JustcallmeLarry @ Dec 1 2017, 12:00 PM)
Bro so i should sell at the start of the month??? Bcs your example shows both ways only RM1k will be counted, typo?lol

2. Is it really possible for ASB to really drop below 6%?? That would be bad.
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Yes. Selling should be done on the 1st of every month. This is because if you sell during the later time of the month, the new amount calculated will be based on the new lowest amount. Not the old lowest amount of the month.

2. Yes is possible. ASX returns have been dropping over the years.
Ramjade
post Dec 1 2017, 04:48 PM

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QUOTE(Stamp @ Dec 1 2017, 04:31 PM)
Any one knows why maybank2u does not link to ASW2020?

Some one said that the fund is already full? Betul ka?
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Of course. Maybank2u memang cannot link. They can only buy as1m. Just use Myasnb to buy. Problem settle.
Ramjade
post Dec 1 2017, 04:58 PM

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QUOTE(Stamp @ Dec 1 2017, 04:55 PM)
actually we can buy ASB & ASB2 from maybank2u.

looks like i need to open myasnb laa..
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Asb and asb2 memang no problem.
BTW don't ever use bank as banks will charge you rm1.06/try regardless successful or not. Myasnb let you topup without charging anything.
Ramjade
post Dec 1 2017, 06:50 PM

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QUOTE(MasBoleh! @ Dec 1 2017, 06:18 PM)
I am sorry, VP stand for what? sweat.gif

So is it safe to say all the non-fixed are unit trust from PNB?

Seem like a bad investment. Although I did check the price per unit is around MYR 1.00+ to 0.99. Just that the interest rate drop to 4%+ this year sweat.gif
Wow sweat! I didn't know bank got charges on this. sweat.gif
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VP means variable price fund. Which means the price is not fixed to rm1/unit. It can fluctuates. All funds from asnb are unit trust some which some are fixed to rm1/unit and some are not.

Haha... That's why never use banks to buy. They are blood suckers.

Ramjade
post Dec 1 2017, 07:27 PM

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QUOTE(MasBoleh! @ Dec 1 2017, 07:07 PM)
I see. I call I it non fixed fund usually haha.

But then all these VP normally the price per unit ver close to rm 1 or above rm 1. So I am curious or perhaps I would like to hear some advice from Sifu-Sifu that all these VP fund ignored the interest rates also 6% + which is close to fixed fund, is it still a bad investment? hmm.gif

Thank you notworthy.gif
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Ignore those 6-7% as dividends/distributions in variable price funds means nothing. It's basically left pocket enter right pocket. However to the uninitiated, these 6-7% are like gold which all agents will market to you (regardless of fund house).

Variable price fund from asnb is useless
1) you will be charge >5% upfront when you buy (due to GST, before this 5%). The fund needs to make >5%+ in one year just to break even. That's why we buy our UT from FSM, bypassing the 5%+ service charge.
2) better funds exist when you compare same region (asnb vp fund invest fully in bursa). Compare it to Kenanga Growth Fund (which invest in bursa also)

This post has been edited by Ramjade: Dec 1 2017, 07:28 PM
Ramjade
post Dec 2 2017, 07:24 AM

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QUOTE(MasBoleh! @ Dec 2 2017, 02:50 AM)
I thought the PRS category, the government just provide RM 1k? hmm.gif

I seriously still got much to learn and research. Still, thank you all for the inputs and willingness to share notworthy.gif
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That's true. Only if you are below 30 years old. If you are above 30 years old, no free RM1k for you. Also it's a one time Payout.

You put PRS so that you pay less tax. Which means max is rm3k/year. Once the tax incentive is not there (after 2021), no need to contribute.
Ramjade
post Dec 2 2017, 12:58 PM

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QUOTE(saitong09 @ Dec 2 2017, 10:54 AM)
If not forgotten when started was free 500 for below 30, now 1k d?
For me, if income is not reaching the 19% tax category, I'd prefer Asx instead of PRS
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For me, I look at this way. As long as I don't need to pay tax, and can get back my money, I am more than happy to put money into PRS. After all, in the long term, my PRS will beat amanah saham fixed price fund.
Ramjade
post Dec 3 2017, 09:28 AM

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QUOTE(JustcallmeLarry @ Dec 3 2017, 12:13 AM)
Guys anyone know when the soonest we will know how many percent ASNB will be giving for 2017???
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You will only know Asb returns on 31/12. The earliest fixed price fund which you will know is asm and that's only on 31/3
Ramjade
post Dec 3 2017, 04:22 PM

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QUOTE(kennedykcs @ Dec 3 2017, 03:39 PM)
All Sifus

I new here wish to open a account on Asnb( non bumi) I’m been try to ask the branch (Maybank branch) at but they branch manager or staff said no more quota and ask me buy ASG .

Please what can I do ?
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Whatever you do stay far away from ASG or ASN3. Do not open account. Do not buy. Do not entertain what the bank person tell you.
Ramjade
post Dec 4 2017, 01:32 AM

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QUOTE(ch_leong @ Dec 3 2017, 11:56 PM)
You need to keep operating cost as low as possible. The more branches you opened, the more overhead incurred. Who pay branches rental, computer, electricity and manpower?
This overhead is taken from your pocket.
When you use agent, you have less overhead. Agent charges based-on number of transaction basis.
You made a point, when they open branches, they take cash and give cash. Where is this cash from? Handling cash is very risky and involved a lot of cost. You need security, then need security van to deliver cash and send cash.
So, i think the best is close all the branches. Let online platform, post office and bank run for them. Better still if they can leverage fundsupermart to help them on the VP fund.

If you run carnival in pavillion and mid valley, who pay the rental? If you do at padang, it is very low cost. In fact, the new PNB boss is very pandai in cost cutting. They no longer need send paper statement, update passbook. imagine the cost of sending annual report. Assuming each cost RM10 to print, pack, send. 1million subscribers incurred RM10million.
How good if this 10million is giving back to you?


Look it at this way, a little bit of inconvenience which gives you a better return.
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I don't mind cost cutting if my return is >6.3%. Instead, all the fund drop and gave only 6%. So mana semua savings pergi?
Ramjade
post Dec 4 2017, 08:21 PM

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QUOTE(popice2u @ Dec 4 2017, 08:16 PM)
I saw the dividen for ASG is not that bad except 2017

2013 - 7.1
2014 - 7.1
2015 - 7.1
2016 - 6.0
2017 - 4.5

Should dump out from ASG?
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Dividend in ASG is useless. Ignore it. Is for marketing purpose.

This post has been edited by Ramjade: Dec 4 2017, 08:37 PM
Ramjade
post Dec 5 2017, 05:17 PM

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QUOTE(Trulyasia@ @ Dec 5 2017, 04:23 PM)
Oh thank u very much.
Do u put everything into this fund?
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Yes. But I stopped. Planned to pull my amanah saham out slowly.
Ramjade
post Dec 5 2017, 07:52 PM

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QUOTE(Trulyasia@ @ Dec 5 2017, 06:20 PM)
Why? I don't know much about investing.
I know many recommend fsm and etc. But I think I will lose out . What should I do
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Reasons
1) Returns are dropping every year
2) RM is strong now until god knows when.Take this opportunity to change RM. Can convert to SGD for long term plan.

Do what you are comfortable. No need to follow people. Is better to sleep well at night than worry that you are losing money.

If you can stomach losses, then good time to move into FSM as all market is in red. drool.gif drool.gif

QUOTE(savvyaunty @ Dec 5 2017, 07:20 PM)
yeah PIDM has maximum limit but I won't hit the limit anyway. my consideration is more on the interest rate. ikan bilis here so don't qualify for all those FD promo. been getting the standard 3% FD rates so seriously considering moving whatever FD i have to ASx

not a believer in bitcoin despite its meteoric rise. starting to study stocks and hoping to make correct choices
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Good choice. I moved from Promo FDs and never look back.

This post has been edited by Ramjade: Dec 5 2017, 07:53 PM

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