Big or small fish? Uncle like to catch big fish, 30k per catch

ya got... but my son already 4yrs old... hahaha

Not easy to catch 30k per shot..
Last Sunday is good time 😑

Found this paragraph mentioning unit trust on page 19 of budget 2019. Does this affect us?

Actually this is the whole paragraph

60. ELEVEN: Since 1999, tax exemption for interest earned on
wholesale money market funds was granted to develop the unit
trust industry. In Malaysia, the growth of these funds has been
substantial, at 24% annually since 2010 to achieve a total fund
size of RM42.9 billion as at December 2017. Hence the tax
exemption granted for these funds will cease beginning 1
January 2019 in order to realign the tax treatment on interest
income with these wholesale money market funds, which are
primarily set up by corporate entities.

So whether ASNB is considered this corporate entities or not maybe sifus can enlightened us. So again don't jump the gun

Like those sifu said , when asnb announce baru decide stay or withdraw .

Now happy happy enjoy the 6% first .

Now have to wait next month, Christmas is coming

X'mas last year was very easy. Still rmber how excited I was to catch asm1 fishes.

After X'mas then CNY follow by ASM, fishes is coming

From my noobie knowledge...
UT invest in Money market would be tax now... I mean the whatever profits 🙅😕

No hoo hah at the other UT forums it seems, maybe we are just scared of our own shadows

Key word money market and corporate entities. Some agents said individual investors will not be affected by this tax. Again, let's just wait for prospectus

Mostly affecting corporate entity as those fund primary investor are corporate entity, whereby many corporate are putting extra money in those wholesale money market fund, whereby income received in the money market fund is tax exempted.

While most individual investors are investing in bond/equities fund which is not affected by the above ruling, but it may affect a little on other UT fund when fund manager placing their cash holding in those money market fund.

Can post at fund thread if any further discussion, as this thread main for ASN fixed price fund discussion. Thank you.

donno wo... I just opened acc and paid RM10 ASM2 for kid...

now my son's account got 10 units = RM10...

I will transfer some of my units to him

ASM2... I use RM10 to open

Good papa , transfer some to you son as education fund .

Good..
Normally they open ASM3 only..

That's what i noticed as well. ADAM50 funds auto convert to ASM3 after kid turns 18. If units available for ASM2 might as well go for that too.

Yup. As long unit available.
Just open whatever there (FP funds)..
Later don't needed to headache & worry 🙏👍

Managed to topup ikan bilis amounts for ASM3

500, 500 and 100 but cant top up anymore.

Even early of the month hard to topup.

Realise Sunday can top up as well? Thought office close except for some states