ASM2 is open for purchase now!!!

Just my gut feel and I could be wrong.

Look at epf. epf ceo already mentioned where epf may cease to exist one day, look at what epf has moved to - i-invest, member can invest online with epf account 1 and there are massive redemption and investment just within the first wk of its launch. The sales of unit trust funds in that one day are more than few months of unit trust sales in the market.

PNB's fund size is getting larger, every year need to get approval from Scurities Commission to increase the fund size for the dividend distribution. They also face limits to invest in Malaysia and need to go to oversea. They r also rescuing a lot of local companies by pumping in money to them. One day when the reserve cant sustain anymore, or they didn't manage the investment well / change to better strategy, they might start with dividend not being reinvested, then change to vp in the future as open market.

It might or might not happened but we need to have the forward look and understand the way business work in the past 10 years might not be applicable today with AI, technology, open market etc. 10 years ago, fintech doesn't exist.

So one can still practically rely on asm fp for now until there is major changes in the future then only think of other solution. Or get ready now.

i tried plenty of parking places like most of us did over the past 10 years. my cousin talked me into trying my luck with asnb fp funds since December 2018. to date, i got roughly 1/3 of my money in epf, asnb fp and fd each. best of the fd rates within my reach (4.15% affin) ends on 24/9. any suggestions on alternative parking places? tried mutual funds, prs, stock market, insurance package deal, forex trading ... majority of which is giving a lower yield than the 3 mentioned above.