It is guaranteed. Asb is a fixed price. Meaning u buy rm1 sell whenever also rm1.

Interest use buttock to think also know will be like sky high figure due to political pressure.

im surprised no one has created a way to invest in other bumi's asb loan by proxy, imagine 1 company with thousands of bumi proxies under them

Distribution, not interest. Interest is what the bank charges you.

If you are smart, you can make more money in Kenanga Investment lah. The only good thing about ASB is that it can be collateralizd, which means you can start your investment at RM993 a month but get RM200k in capital, at low interest rates.

But you are rich already, already have RM200k in hand, why bother? Just invest in Kenanga.

disclaimer: I do not work as Kenangar nor ASB agent.

omg. you really dont know what you are missing.

I do not engage. Don't ask.

dam i want in on the action

im still young, need someone to take me as apprentice

have many rich friends with china money who love guarenteed investments

This post has been edited by Aud power: May 2 2019, 04:42 PM

U mentioned if you are smart. Not everyone is smart in investing. those comes with risk. Asb is risk free. As simple as that.

I got no lobang. I personally feel wrong about it. ASB is meant for bumi but hey what the hell do I know about "unfairness".

There are "agents" that engage in these proxy things. I don't. Normal arrangements that I know of is: you pay the monthly installment, and the "proxy" gets 10% of the distribution each year. You can either keep the 90% in the fund to let it grow or withdraw it to be reinvested into your own funds.

I have never heard of anyone prosecuted for this, but I am sure it is not strictly legal. Sounds and look like money laundering?

its okay - if cant beat them join them

And yeah, honestly. Why not just open asb to all. And everyone can invest without limit. Get good return. All can sit down and relax see the money comes. Everyone happy. Peace everywhere

Since their managing so good can get high return every year. Public mutual also lose.

OK la I let you in on it. The risk of ASB-f:

1. start of the year, you start paying your installment for the next 12 months at the rate of 4.85% p.a on RM200k that you borrowed.
2. next year, when distribution is announce. ZERO! No distribution!
3. You wasted 4.85% on RM200k paying interests for nothing!

That's about it I guess. You won't go bankrupt since your loan balance would be reduced to lesser than RM200k. When you close the account, the RM200k remains as is, the bank would only take the loan balance that is due to them

Why need proxy to help invest in asb. Asb office so many. Walk in and just let them fill all the form for u right? Hahaha

Its probably in a grey area in law. Its probably breaking some sort of ASB terms and conditions. but as long as no one complain probably no one will care.

When number 2 happen then we talk la k. It ain’t happening. Don’t think you believe one day asb will have no distribution.

no im talking about using bumis who arnt invested into ASB as the proxy, one company can have thousands of bumis each earning a % for your company. You just pay for their monthly installation + their 'profit', and you keep the rest. your company will handle all the documentation, and act as an agent to them

this is a weakness with regulated economy , people will start to find weakness and take advantage of it, and end up ruining it for everyone else

This post has been edited by Aud power: May 2 2019, 04:48 PM

Like I said, Muslim converts can invest in ASB



huh. That's weird. They consider Siamese and Portugese as eligible to invest in ASB but not Chinese and Indian? hurm...

Told you this once before, when the returns are annualized, ASB returns are nothing to shout about leh. Public Mutual funds like Ittikal is comparable

yes there is ......

When i was in ASB one time theres one Chinese Aunty drive Alphard bring 10 bumi's .....she open account for them then bring 1 big bag of money i guess at least 2mil cash coz all tied in stack ....then after open account she cash in and that time still got passbook she hold the passbook then tie with rubber band ...i believe that is just one batch and previously she got many batch

This post has been edited by cofin: May 2 2019, 04:51 PM

Why there is no distribution on the following year? The dividen should count 11/12 of the 200k if im not mistaken.

if i am born in sabah, have sabah ic and passport, but im no bumi , im excluded right?

Thank god. It would suck so much if that happened. My phone will explode.


monthly installment la, not installation

I think so. Some Bumiputeras some Sabah/Sarawak needs to get some signing from their ketua kampung/ulu to prove that they are bumi. All these things are recorded in the NRD, but if got discrepencies you can address tehm

i dont think government can support doing this for everybody, for a portion of people can but not all

so the total asb loans has to be managed below a 'critical mass' limit