Festival... I doubt so because ASM hardly the princes are interested (Look at ASM 2 & ASM 3)

Hopefully can last until June so I can switch my ASM 2 over... better late than nvr because if no 'magic' most probably the return will be at 3.5% only, and the road in front doesn't look good

No more 2am internet for me now until 1/6/23 when I will try to switch out of ASM2 ASM3 to ASM1 and ASB3.

er.. take note that ASM1 is still blocked for switching on 1st June

but if by then still not sold out I will go to the bank physically to do it

Goodbye ASM 2 Wawasan

Means i am losing 12 days of ASM2/3 interest(if i withdraw today), and 19 days of ASM1 interest (if i put in today)?

Therefore best case is withdraw ASM2 on june 1st and topup ASM1 on same day to get ASM1 June interest? (provided still got units by then)

that's why ASM1 always bottom of the list...

ASB 1 & 2 is first choice

ASB 3 & ASM 2 is second choice

ASM 3 & ASM 1 is last choice



why the third choice...

Because ASM 3 is new fund... while ASM1 always no units available... needed to wake up 2am to buy... why waste time when can buy ASM 2 or 3 easily 

More chance for ASM 2 come June 2 as I will withdraw and put to ASM 1 if 5b still not sold out yet

That is exactly what I did.

That was "hopeful". 😂 Let's just hope he is right.

Hi everyone, would like to double check how is the dividend calculation each month? and which day of the month is the best time for redemption in terms of dividend calculation?

Not 5mil now ahhh?? 🤔🧐

Yes. That one cheaper options... But need to do everything own self.... Download & print from the website 🙏

Main thing
Make sure no conflicts amongst the the next of kin... Especially children 😁 money matter always break up family....

ASNB knows this... That's why got products to divide the $$$$ accordingly 😁

Seriously...
Should just do like EPF
Straight forward & it's FOC too 👍

very high possible could be available till then.....

partly thanks to EPF self-contribution limit increase to 100k??? (since those with actual spare $$$ is old folks & retirees) which is the main target of ASMx funds & EPF (probably the reason of 2 month delay in changing the new limit - to give ASM1 chance first,.. thinking can be sold-out in 1 month time but it didn't happen  )

very fast habis - all prepare bullet go to bank and buy
bank will have long queue on 1st August Tuesday which is a working day
and all must be bought on 1st August else the month of August no interest le
so is a big deal for all those T20
again this is for T20, for those in T5 they dont give a shit, maybe few millions sitting in bank account also dont give a shit
the T20 will have to use all their brain power and wits to figure out how to earn more money else when come 1st Jan with PADU data and targeted subsidy approach they will cry
want go out also have to think should drive car or just stay at home cook
want switch on aircond also have to think, should just switch on fan

What’s the best day of the month to transfer from ASM to EPF without losing a month’s interest?

Or there isnt any, sure to lose?

I protest! I am going to be different from the rest of the ppl here. If they are of retired age, the disadvantages of kwsp becomes advantage. I will move 80 to 90% to kwsp slowly (100k max a year) and i will do this IF you are the waris yang dinamakan. Why? Asm no inheritance thingy and to redeem after thier death you need to pay stuff... Kwsp gives free redemption.

2. Kwsp can act as savings too and you can withdraw anytime at any amount plus the interest is earned until the day before withdrawal date and this does not affect the monthly dividend. Asm when you withdraw 2k in the middle of the month (any date actually), you will lose the whole month dividend for that 2k withdrawal. For example i withdraw 2k from kwsp on 15 may, i still earn 2k dividend until 14th may. Where as if i withdraw 2k on 15th may from asm, whole month of may is counted without that 2k dividend. Amount is small but it is still advantage. And kwsp, the total amount you have is the limit. Asm you can only withdraw 2k per month from apps and any larger need to go queue up at bank/branch. In this case kwsp is better

3. In terms of rate, i will say kwsp is better last 3 years and there are chances the gap will get smaller BUT NOW it is a lot higher. Capitalize it now and later smaller gap you already have advantage. They are mostly similar most of the time. So i will keep 80 to 90% in kwsp and the rest in asm... IF the age is past retirement age.

That's all..

MyASNB is the choice

FOC 👍. And real time update too (actually not that advantage because some banks also updated real time now) ☺️

It's the FOC is the main selling points & the 30k limit per transaction is issues... Banks can buy more... Follow internet banking limit 🙏

Well, anything is possible I suppose but I think the likelihood of that scenario happening is incredibly low.

That is why I think ASNB knows that ASM2 and ASM3 always have to do quite a bit better than not only the benchmark but also market FD rates obtainable in other banks.

It is far cheaper to subsidise a dividend than it is to try to stop a serious run on all the funds.

Not sure if this has been asked before or if i can ask this here. Assuming i am 60+..is EPF or ASM a better choice?

Received msg below:

Dear Investors,

*ASNB Announcement: Amanah Saham Malaysia (ASM) (Fixed Price Fund) Update!*

Effective August 1st, 2023, the individual limit in ASM has been increased from RM100,000 to RM300,000.

Those who previously invested RM100,000 can now add RM200,000 more to their ASM fund.

*T&C apply.
*Limited availability
*First-Come-First-Served basis

Wit current price of arreit it looks more attractive compare to asm which gib dividend rate 4-5%

I’m not going to divulge my contact’s exact prediction for ASM2 but if he is right, I think we are going to be happy enough!

I was in that situation but I was made redundant in 2020 and have been drawing down off savings since then. Now, the savings are down to a level that I do not wish to see go lower so we will start to live off the dividends from this year.

Compound interest is a wonderful thing. We have benefitted frrom it for many years but now we will just hedge against inflation.