That's for layman who don't have time and knowledge to look for a better option.

There are plenty of options with slightly higher risk than amanah saham fp but you need to do a lot of research. Hint: with asm giving around 5% p.a., and if recession comes next year, it's likely to be below 5% dividend.

Due to the nature of my profession, I get to dig a little deeper into the investment and find out better alternative than asm.

First of all, u need to know your objective of putting money into asm fp. Is it for temporary parking / emergency money or is it for long term investment. No point that I suggest an alternative to you, because the market changes over period. Who would ever thought asm can give lower than 6% based on their historical dividend payout? The market environment is different now. Even if I tell u the alternative today, it might not be the same solution / alternative next year because of the changes in market.

I m not talking bout investing into stock, but e.g. if A ask an experienced stock trader (B): which stock is good to buy? The answer given by A is Stock X. So A bought the stock and hold it, end up losing money after several years but the experienced stock trader B actually profits from it. Why? Because of the active monitoring and management by the A, A already sold off stock X when it went up without obligation to tell the B that he had sold it off, making handsome profit while B just hold it without doing anything.

Bottom line is that if I tell u a low risk alternative now , but without follow up with you, likely that you wont be benefited at the end of day.

I m not an agent. U r not in this industry, u won't understand the consequences of just sharing the alternative without update.

I have seen many cases and many ppl who made so much financial mistakes that made me able to state this statement.

My intention is to educate people and let people know that there r alternative and if one wants to know, need to do due diligence and need to find the right way to do it. Teaching one to fish is better than giving one the fish itself, if u understand.

If u r thinking pnb can still work the same way as before, good luck.

Hence I repeatedly said , determine the objective one wants to place in amamah saham. If it's for emergency fund, temporary parking purpose, it's still an ok instrument to use, even though alternative outside can give about 5 to 7% p.a. In the near future with quite low risk but still slightly higher risk than asm.

If one were to invest for long horizon and think that asm is still a good instrument because of laxk of time and knowledge to look for better alternative, no wrong also. But I definitely won't go for stock as I do not know bout stock, no knowledge , no experience and no time and interest to monitor. Like u mentioned, definitely not worth taking such high risk for additional one to 2% but if the person is well versed with stock then it's their call. Stock is not bout dividend only, I look at it from the potential up and down. I.e. if give 7% dividend but drop 50% in share price, what's the point right.

So asm is still good for those who doesn't want to spend time learning more bout investment, want to have peace of mind and good sleep without worrying about the market, and don't mind the hassle of catcha. It depends on how long PNB continues to play this game.

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.

One of the example： https://www.theedgemarkets.com/article/cove...rgy-and-velesto

Not saying that these companies gonna go bust or have cashflow issue, but with the dividend payout and the dropping share price, PNB better know what to do for their investors to consistently pay the dividend that the investor expect.

Again, my personal opinion which may not be correct. Up to personal and individual interpretation and confidence in PNB.

Not unit trust agent, not a believer of using insurance for investment.

i believe in going through analysis of the person's existing financial situation position, knowing the goals before offering solutions to address the problem.

I follow up with my clients, hence they get updated. For public I don't, so it's irresponsible to simply give solution and ciao.

I have posted my analysis on which cc to use for insurance in cc thread before and stated clearly that was the best option as at that date. Few years later, got pm on whether the cc can still be used that way to pay insurance, I told the person of coz not, things have evolved so much, benefits have been revised, some cards I already terminated but those that were being recommend to use the card still hold it without knowing the benefits have changed so much.

The only constant thing in life is changes. And finance is something that can affect people's life, so gotta be careful with the advice / reply.