during topping up for wife...ASM was easy and ASW2 was very difficult...now other way round pulak

exactly...Indian quota 30k x 5 household member = RM150k available for ASM3 top up...but now we have less than 20k only...mostly i withdrawn for urgent use..

not easy to convince her to come bank or ASNB counter...some people simply hate all this transaction matter ..or might a trap like uncle said...soft resistance for any withdrawal/transfer transaction

yes exactly...as i mentioned above...yes it could be soft resistance to avoid withdrawal/transfer, by saying 'i like to come to bank' ha ha

yeah just checked mine after see ur post....beside ASNB portfolio link...also newly linked the M2U stock trading account portfolio details...but wondering what happen to EPF top up option...disappear from new M2U website

This post has been edited by veera77: Nov 22 2018, 08:45 PM

ASB is for bumi only...usually gets around 7% dividend..
Non-bumi only allow to buy ASM, AS2W and ASM, which usually get 6% dividend.

Dividends for all fund not guaranteed consistent..depending ao annual earning. ASNB mainly invest in equity.

AS1M now renamed to ASM3...

Sometimes bank offer bundle...means u have both FP and VP...better avoid this bundle offer..normally don’t benefit much..

If u want to open new ASNB account, below is the steps u much follow, as of today’s procedure:

Step 1: bring IC and RM100, to any ASNB or major banks eg Maybank, CIMB, RHB etc.
Step 2: Tell the counter staff, that u want to open Fixed Price (FP) account only. Say big no to Variable Price (VP) fund. The staff will try toopen at least one fund, either ASM, AS2W or ASM3. Once successful, now u have ASNB account number.
Step 3: Once open ASNB account, register MyASNB online portal (www.myasnb.com.my) and you may open other FP account online and top up online.

No other short-cut as of now. U must follow above steps.

Good luck

This post has been edited by veera77: Nov 23 2018, 01:05 AM

You are spartan...brave tester

I got one free spin one day without collecting any points...when try...this M2U spin stop sendiri...not like Candy Crush game spin where u can decide when to press stop..hmmm

This post has been edited by veera77: Nov 23 2018, 02:18 PM

Deleted

This post has been edited by veera77: Nov 23 2018, 03:12 PM

The Yippie account seems have withdrawal limit in order to enjoy 3.15%...similiar like SSPN...thats why i deleted the post...may be not suitable to park $ temporarily

Yesterday, ofis casual talk..one friend say...”only people with money get more money..”

I corrected him...”only people who make their money work, get more money” he confused...ha ha

True..



This post has been edited by veera77: Nov 23 2018, 05:55 PM

No..mostly take this loan to buy car..only me and few other doing ASNB rolling..

Exactly:)

Good deal indeed !!!

Ha ha..betul jugak

There is 5k interest-free loan for B40 Indian to invest in ASM3...but u have to apply to SEDIC, JPM..seems its not transparent enough and looks more like political sweet..
I emailed SEDIC few times to apply for relatives but no reply...i think they want people to bend-down to them to get this 5k loan

It was 30k loan, no? https://m.malaysiakini.com/news/412016
Anyway, now still got?

[/quote]

Indian ASM3 30k is not loan but allocation...means u could top up freely upto 30k without ‘unit unavailable error 068’..after 30k reach then as usual depending unit availability.
Anyway, ASM3 Indian quota usually have unit availability...easy to get even without all above political gimmick..
This 30k still available i think...i don’t care much on this political sweet..i usually top up ASW2 and only use ASM3 mainly for kids account if can not get AS2W unit.

Khazanah portfolio hit (for weekend investment reading)

https://www.thestar.com.my/business/busines...falling-stocks/

Im not saying ASNB portfolio also being hit..ha ha

Anyway, its bear market now...Cash is king..keeping in low risk investment like ASNB is one of the best choice..

This post has been edited by veera77: Nov 24 2018, 02:19 PM


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Depending what is FD rate when ASx 4%...

Basically ASx is an alternative to FD, with higher return at similar risk level.

FD rate depending on Bank Negara OPR rate...OPR depending to country ecomonic data...better the ecomonic data, higher the OPR rate and FD rate...

ASx accumulating stock and trading stock at different entry price....ASx may still holding Nestle stock @ entry price RM50, Public Bank @ RM15...and more...so ASx easily could selectively realised profit from old cheap stock...

Thats why many still prefer ASW2...bcoz they might holding stock at cheaper entry price..higher buffer

Just my humble 2sen..

While waiting to deposit in ASNB, If u want to park for more than one month..then FD is best choice...u can use 1-month auto-renewal option.

If less than one month...then better keep saving/current account..

Or if u have ‘full flexi home loan’..then keep in mortgage account and u could enjoy daily interest saving...but check with your banker, type of ur mortgage account and flexible in transfering online excess amount...

This post has been edited by veera77: Nov 25 2018, 10:46 PM

ASNB still ‘refuse’ to sell ASM

This post has been edited by veera77: Nov 26 2018, 12:40 PM