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> Ultimate Discussions of ASNB Fixed Price UT, Magical UT only in Malaysia

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vanitas
post Dec 4 2018, 11:49 PM

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QUOTE(DBHILUHDAQWISRTNJ @ Dec 4 2018, 11:42 PM)
Good to know u r still alive.
Few days no talk , your mouth sure very smelly like tong sampah .

Recently I force my colleagues go bank to buy vp rm100 then force them withdraw fd all move to fp. 

Sometimes I can feel thier helpless.  Lol .
*
Wah, uncle's colleagues sure all millionaires. No wonder top up getting harder, a lot of whales in the same pool. whistling.gif

On a serious note, I would recommend, but not force people into asnb.
They wouldn't thanks you if getting stable 6%, but they may ranting.gif you if asnb giving dividend less than FD.
vanitas
post Dec 5 2018, 12:04 AM

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QUOTE(DBHILUHDAQWISRTNJ @ Dec 4 2018, 11:55 PM)
Just a fresher graduated , fd few k. 
Somemore her relative advise main stock , since I so free then I slowly explain asnb power of compounding (favorite of Mr veera77) compare with fd .

I juz don't want she repeat my way , waste time keep money in fd. 

Very soon , I can play captcha game again.  Help her top up.  Hahaha.
*
Uncle, I believe a lot of us didn't waste time on FD due to ASNB's online portal only exist like 1-2 years ago. Of course if you can camping at bank, that's different story.
ASNB guaranteed fixed price, but dividend by rule can give 0%, but of course we all know it wouldn't happened for now.

Knowing power of compounding is a very good plus.

For fresh graduate, play stock isn't a bad idea anyway, learnt it was dangerous when young, is better to play fire when old.

Btw, few k, can play top up once only.
vanitas
post Dec 5 2018, 12:15 AM

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QUOTE(DBHILUHDAQWISRTNJ @ Dec 5 2018, 12:10 AM)
Hmmmmm...... U r right since her saving only few k.
Keep in asnb oso not much can get , play stock seems like better . But kena pandai pandai .
*
Best investment with few k would be:
- education, learn something new, that she might like or dislike, never try never know.
- experience, on starting business, or try and research different kinds of investments including but not limited to stock, asnb, ut, gold, crypto, insurance, robo advisor, reit etc (each 3 digits), then she know she like which more.

Although asnb is good in many ways, but not everyone is having low risk appetite, need to discover themselves.

*Uncle is treating the girl's money like own money, very suspicious whistling.gif rclxs0.gif

This post has been edited by vanitas: Dec 5 2018, 12:19 AM
vanitas
post Dec 6 2018, 10:23 PM

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QUOTE(nexona88 @ Dec 6 2018, 07:05 PM)
but but
I remember got 1 guy.. have some scrip code something...
auto generate captcha something.. meaning u don't needed to manually type the captcha  devil.gif
*
shhhhhhh... this is a secret brows.gif
vanitas
post Dec 7 2018, 09:18 AM

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QUOTE(eddie2020 @ Dec 7 2018, 03:07 AM)
PNB mean? i am new.. haha.. ASNB part of gov rite? now gov seems unstable... do decision without think much... reckless..
*
PNB under Zeti currently, not necessarily listen to gov, unless gov force them..
vanitas
post Dec 7 2018, 07:29 PM

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user posted image

More than one week suspension for dividend of asb and asn. Seems the suspension duration is a bit random?

To be safe, don't put 100% money in single fund only... In case you need emergency cash, you can withdraw the other funds...
vanitas
post Dec 8 2018, 03:31 PM

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QUOTE(DBHILUHDAQWISRTNJ @ Dec 8 2018, 03:18 PM)
Madam , I just would like to double confirm only.

If worst happen but no minus unit sure I very happy and I will all in .

But without pidm protect , how to guarantee oh ??

* Now my friend bz buy land and set up factory so return is about 8%+- , time with tell which way better.  I don't want after 10years , my friend laugh me sad.gif .

Anyway , I think asnb is not a wrong decision . Hohohoho.
*
Nothing is guaranteed..

PIDM is not guaranteed as well.. (no single party can save mbb, cimb, pbb etc all in the same time)

Land and factory is also not guaranteed... (natural disaster, change of law, business environment change etc)

Even you hold ringgit under your bed is not guaranteed... (some country can depreciate currency more than 90%)

But there is lower risk, higher risk, so far I would said asnb is same risk with epf. EPF guaranteed dividend, but not capital guaranteed.

This post has been edited by vanitas: Dec 8 2018, 03:33 PM
vanitas
post Dec 9 2018, 12:29 PM

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QUOTE(eddie2020 @ Dec 9 2018, 12:18 PM)
I see they write pidm cover some amount of fd
? But if only 1 bank collapse in 1 time it should be safe as well?
Where he go

I see.. Thanks for clarification.. Maybe can put in first page.. I saw this question asked before but no a clear answer
*
Do your research.. what's the net worth of PIDM versus Maybank..

Take note that it was PIDM only that covers the bank.. not any other government (linked) agencies like epf, khazanah, asnb etc..
vanitas
post Dec 9 2018, 12:31 PM

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QUOTE(john123x @ Dec 9 2018, 12:26 PM)
i heard lots of people said PIDM doesnt have enough funds to guarantee.

but you forgot BNM can print as much money as it wanted.

but too much money supply in Malaysia means its going to be Zimbabwe 2.0
*
Pidm is pidm, bnm is bnm. Pidm doesn't have access to bnm's decision or fund.
vanitas
post Dec 9 2018, 12:40 PM

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If anyone interested, here is pidm's maximum capability.. https://www.google.com/amp/s/www.nst.com.my/node/358855/amp
vanitas
post Dec 9 2018, 03:34 PM

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QUOTE(dreign @ Dec 9 2018, 02:51 PM)
What does PIDM do with all the collected money?

To me I feel PIDM are created by previous government to squeezes money from banks in to this so call PIDM.
After this PIDM created Banks start to charge this and that to make back what they lost out.

Anyway ASB will out this month end will benchmark other ASx fund payout.
*
First, this is not a Malaysia only product, get to know what is deposit insurance system, why it is created, then you get the answer.

I don't want to off topic and explain too much.
vanitas
post Dec 9 2018, 08:41 PM

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QUOTE(nexona88 @ Dec 9 2018, 06:50 PM)
Well even if there's PIDM protection for ASx.
Some won't touch / dump $$ into the funds...
So basically its personal preference & individual investment goals..

So no use discussing on PIDM & focus on getting the units... Simple as that 👍🙏
*
Yeah.. EPF doesn't have PIDM nor capital guaranteed too... Some even have a thought that after retired, money inside EPF will all gone... So use EPF account 2 money for this and that... It is all personal preference, nothing wrong with that anyway...
vanitas
post Dec 10 2018, 12:31 PM

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QUOTE(plumberly @ Dec 10 2018, 12:02 PM)
Just called the local ASNB and spoke to the manager.

* still no update from MS on the 2 regulations enforcement.
* when asked on how these 2 regulations will impact the funds, stated the FP to VP!
* advised me not to worry as there are many many many malaysians involved and the repercussion will be huge.

Remember the earlier thread on my call to ASNB HQ and the lady said whether they change  or not will depend on what is stated in the prospectus (quoting the earlier case with one ASB fund)?

I did say do not that for granted and I am not liable for the outcome.  devil.gif

So, please dont kill this messenger. Do your own due diligence.  bruce.gif

Please keep threads related to this under control.  sweat.gif
*
Hmm, although it might not be related, but tabung haji no more dividend soon?
https://www.google.com/amp/s/www.nst.com.my/node/439128/amp

Those who afraid, withdraw everything in asnb.. else stay..
vanitas
post Dec 10 2018, 10:01 PM

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QUOTE(veera77 @ Dec 10 2018, 09:43 PM)
Tunggu 1jan2019...ASB earning/profit and dividend would be the benchmark...then can decide...

My UOB CASA is giving 3.65% (daily interest calc) and my mortgage interest 4.51%....that is myPlan B, for worst case scenario..in case PNB also found doing hanky-panky accounting..
*
Boss, trust me, tabung haji will still giving high dividends. Lol
Nothing new, open secret, no matter how worst is the economy also no problem.
vanitas
post Dec 10 2018, 10:26 PM

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QUOTE(veera77 @ Dec 10 2018, 10:04 PM)
Yeah...now I understand why some prefer to keep in FD eventhough at lower return..total peace of mind..
*
As long as bank doesn't bankrupt (ignore pidm, don't have financial capability one).. see you trust government more or bank more...

For me, trust the power i.e. government.

Edit: PIDM, EPF guaranteed dividend, ASNB fixed price, and whatever impossible in other countries is possible due to power, nothing else.

This post has been edited by vanitas: Dec 10 2018, 10:41 PM
vanitas
post Dec 11 2018, 10:53 AM

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QUOTE(ahboon76 @ Dec 11 2018, 10:02 AM)
Hmm... will Tabung Haji in deep shit?
*
Government already has a rescue plan, setup SPV to buy under performing assets of TH. And then may limit the maximum unit for each person to 200k like ASB.

QUOTE(OPT @ Dec 11 2018, 10:03 AM)
So, looks like slowly all these (TH as example) are out in the open.

All our worries on ASX could be revealed soon...
*
TH has a long history on these few years ago, even BNM which governed by Zeti that time had warned about it.

Anyway, the thing is unless you do oversea investments, otherwise if ASNB got problem, it will has domino effects on EPF, bank, ringgit etc. So no safe investment in Malaysia...
vanitas
post Dec 11 2018, 11:19 AM

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QUOTE(nexona88 @ Dec 11 2018, 10:59 AM)
If there's problems..
By now sure zeti know about it...
Exposure to media & public...
Rafizi sure would expose the scandal of PNB funds like he did for others..

But didn't hear any.. Just some mention ponzi scheme.. Not proven
*
About Ponzi,
- No mention from Zeti, and she even paid okay dividends for ASM2 and ASM3.
- There is limit on high dividends and even tier dividends for ASB.
- For unlimited fund i.e. ASX, the dividends is not high at all, the return just similar to bond fund in the market.
- As long as Maybank doing great (mbb largest shareholder is PNB), nothing to worry right now. Example, mbb total assets (not market value) is RM 700b according to wiki, PNB holds 20% share. Worst case sell off mbb assets, and we would be safe again.
vanitas
post Dec 11 2018, 04:41 PM

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QUOTE(propertyowner @ Dec 11 2018, 04:29 PM)
BNM Governor Tan Sri Zeti Akhtar Aziz warned that Lembaga Tabung Haji (TH) was paying out dividends and bonuses using its reserves since 2012.

Read more at https://www.thestar.com.my/news/nation/2018...YxLXRJx5Wd43.99

Same for PNB, it did paying out dividends and bonuses using its reserves.
*
Pay using reserves isn't a problem, the keyword for TH is negative reserves.

If anyone not happy with reserves, can always buy UT or variable price fund, high transparency, no need to worry money don't know goes to where.
vanitas
post Dec 11 2018, 05:15 PM

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QUOTE(propertyowner @ Dec 11 2018, 05:00 PM)
It is not an issue, but continue paying using reserves could become issue like TH
*
http://www.asnb.com.my/v3_/pdf/media/berit...%20Briefing.pdf
Last page,
- assets under management (AUM) currently exceeding RM288.1 billion
- As at August 2018, ASNB has a total Unit in Circulation of 231.5 billion units

Still not satisfy and feel PNB is another TH, please sell all.

This post has been edited by vanitas: Dec 11 2018, 05:16 PM
vanitas
post Dec 11 2018, 07:04 PM

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QUOTE(propertyowner @ Dec 11 2018, 06:32 PM)
don't be so sensitive if you are a guy..

even so what's the YTD cash reserve vs utilization vs actual P&L? without that we can't benchmark with TH
*
If you want all those info, buy UT or variable price fund, as simple as that.

Why don't you benchmark ASN (the best performing VP in ASNB) with TH? Dig that info and share to us.
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