That's why I said PIDM really don't have the financial

This post has been edited by nexona88: Dec 9 2018, 02:24 PM

Huhuh..
3.6bil is just peanuts yo..
Total banking account balance by malaysians is wayyyy higher...

Madam , don't let too much ppl know pidms capability .

Everyone mali asnb , we have 0 chance to TOP up.
Kakakaka.

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.

Well Malaysian don't read..
So no worries... For them PIDM is superhero to save them 😎

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.

Boss sudah pandai.

**Saitong mana u ?**

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...

But But EPF have minimum 2.5% guarantee dividend.. unlike ASx funds.. they can even declare 1% dividend yo since there's no B&W saying dividend is 6%

Now busy with year end holiday...
Wait for month end salary and bonus only buy Asx

No clear leave . U tell boss , u want more cash to buy asx .

If company allow me to exchange leave with money, sure I will take it and dump inside Asx

1% dividend is not end of the world but minus unit ......

minus the units is biggest headache

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.

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

Please keep threads related to this under control.

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..

Ya it's not conclusive till todate

Best lucks for all

“Tabung Haji's shares in Bank Islam Malaysia Bhd (BIMB) were sold so as to show profit before being repurchased, which also incurred brokerage fees.”

"Although the above transactions appear commercial, we understand that the intention was to enable Tabung Haji to report higher profits for the purpose of distribution to the depositors.

https://www.malaysiakini.com/news/455525?ut...medium=facebook


This what im seriously worry if PNB doing the same trick...selectively realised profit to show profit and pay divided:(

Even their spokesperson just said this is illegal in perspective of internal governance lol