QUOTE(filage @ Apr 3 2017, 02:13 PM)
I lost a lot of dividend last year from not topping up on 1st...
I think ASNB makes a lot of profit from people who sell and topup at the middle times of the month.
Just imagine if I top on 1st, I will be paid for that month.
If I top on 2nd, 3rd, etc. ASNB no need pay any cent for that amount during that month.
Are they going to change this calculation method to daily interests? Like eGIA?
QUOTE(MGM @ Apr 3 2017, 02:23 PM)
Clever, ASNB makes a lot of profit.
QUOTE(hyelbaine @ Apr 3 2017, 03:05 PM)
I do not believe it's on purpose. April 1st 2016 was a weekday and ASM transactions were allowed on the 1st of the month itself. This year April 1st fell on a Saturday which is a non-working day in any state. Tough luck.
Those who invest in ASB can never top-up no matter what happens as most states in Malaysia observe January 1st as a holiday.
I remember seeing in this forum that if 1st and/or 2nd of any month is a holiday then still entitle for the dividend if topping up immediately on the next working day in a month. Maybe someone with prior experience can confirm. Else it's unfair to investors as the 1st day of any month couldb be a holiday (January + May) or a weekend.
This post has been edited by harmonics3: Apr 3 2017, 03:41 PM