Morning Matt n rest of forumers, i was quite early into asnb, those 50s+ uncles in  pagoda t shirt. I built my asnb, kwsp, Sg stocks (bleeding, SgxxxK) & Sg bonds (sub 2% dividends) investments to achieve annual passive income ++ rm250k @ 5% dividends. Im still actively working, but now thinking of early retirement. (Actually, childhood fear of falling into poverty)
I like most investors in this asnb thread, underestimated the counterparty risk with MYR deficit spending, food inflation & malaise economy. (As with most asnb forumers, im risk adverse). I now conclude, my beloved MY will continue to be in a quagmire.... (fullstop), unless theres will to change.
Last 2 years, i bought + 2Kg of physical gold as inflation hedge, but we now learn,  gold price like most other commodities are heavily manipulated. It will surely help if MY goes into stagflation, otherwise, gift to my grandchilren (haha, although i now drummed to my children, need not follow society's view of marriage).
Cutting to the chase, i find yr msg to be always very polite, decent & transparent hence sharing my thoughts, my journey...in taking some financial risks. I just invested in crypto with 1% networth. Because of crypto crash, yesterday ard 3pm, i redeemed rm100k asm (good luck to the lucky fishermen). Just devote time to research, mix in the real crypto community n overcome the investment fears/fomo. We asnb forumers have the right temperament n discipline to invest in crypto. Its a new world, for us older 'kids' to learn new investments n excitement. (I calculated, over last 20 years, i burnt rm200-300k on 4D, with nothing to show), haha, going to try again this sat, sun. Isnt this madness? The crypto return (investment, not trading), is 50-100x asnb. Not flexing my asnb bags (as always, in god we trust, others show proof) needless to say, as always the wife has a bigger stack....
But, this is not a financial advise nor marketing...and not suitable for everyone, im just an uncle in pagoda t shirt.

https://www.theedgemarkets.com/article/form...iz-pnb-chairman

Not long ago new CEO, now new chairman.

https://www.theedgemarkets.com/article/form...iz-pnb-chairman

Hopefully that translates into better dividend payout.

There are some conditions for the 60k to be paid interest if I’m not mistaken.  The reason is discourage withdrawal but keep Epf as long term investment

PNB are, I believe, steadily increasing their investment in overseas markets.

I guess it will still be 4% for ASM3 though at the end of the month.

Until 100 years old. Real question will be, whether got money to deposit?
Wage vs age earning curve, a person likely to hit max earnings btw 45-55 y/o.
The most important is power of compounding interest + getting into the investment (asnb, kwsp, sspn) early.
I was quite risk adverse, only investing in SGX blue chips, while making money from Ocbc, Dbs....net loss 2 Merz GLC250 in Singtel, $4.60-3.320.

For asnb,  my wife was lining up before 730am n hugging backpacks of cash to asnb offices during GE13, we have friends n relatives warning us asnb likely another govt scam, asnb will close shop, unsustainable dividends, principle sum cannot withdraw, etc.
Back then, no daily limit...peak deposit we hit was $400K+.I agree it is still a financial game of musical chairs. But who cares? Where else to get dividends higher than FD?
Theres empathy looking at al the younger gen, trying hard to buy asm123 now.

Now, learning crypto. Back in Feb, invested in Ether @ Usd1350, XRP @ Usd0.45. To share if i can achieve +RM700K, and retire comfortably  by this year.

Hi Equatorian, i reply your posts as over the years, you come across as an intelligent investor n well read person.
Forum is for responsible sharing n we are not competing against each other, everyone deserves to die rich (as to born poor)

Over  RM1.x Mil, parked in physical gold n Sgd currency (SSB), which doesnt provide any dividends. Some Sgx shares all sink/sunk, haha. Sigh!

Over the 6 months, i have since invested up to 2% net worth in crypto. Its a wild ride n new asset class that i immerse to learn.
If i lose, its just 6 months interest of my traditional investments. Watch CTO Larsson, XRP DAI, Brad Kimes, John Deaton n Jeremy Hogan legal briefs.
Limited regulated crypto exchange in MY. Use Luno Apps, im certain Ether n XRP will deliver 3-4x gains over next 6 months. No traiditional investment can deliver such gains. DYODD!!!!

Im thankful to be in a better situation than most, yet driven to active engagement, instead of praying n hoping for a 4-5% asnb, kwsp, sspn.
So far, the gains is 100%, but still $590K away from goal. Gonna park the gains in sspn, as the 4% dividends will sustain my family's medical insurance premium till  wife/myself pass on.

Anyway, i am out of topic. Lastly, for those gold bugs, go read Gold Investment forum, i posted something today.

Overseas diversification and politics just might push the dividends a little higher than you are suggesting. That is my hope.

https://loanstreet.com.my/ms/pusat-pembelaj...lepas-meninggal

Can take a look at this article for a reference. Unfortunately I don't have any personal experience regarding it. Maybe other forummers with personal experience of this can share. Would like to know as well.

1st million charged rm5125 = 0.5125% and beneficaries keep the units.

I am a non Malaysian nominated beneficiary of my wife's ASNB accounts. In the event that she passes before me I need to provide a death certificate and the funds (less fees) will be paid into my Maybank account within 21 days I think.

Hello, MattSally, cause you are nominated beneficiary, so when you apply inherited ASNB units, you can't hold the units but you can on the spot choice not "convert" into cash, but transfer to anyone or directly to your children, eg. transfer to three children and who is Malaysian citizen, 18 year old and can open asnb account on the spot?
You can avoid "convert" into cash and transfer decease/your units to your new beneficiaries?
You plan do like that and already make sure ASNB allow you do like that?
Thank you.

Kinda.. after that no more i tried as well

Aiyo need RM 20k one shot

I have managed to top up to 100000 units of ASM1 purchased since 1/5/23. Has anybody had any luck buying more than 100000? Don't want to waste my time if it's not possible. Thanks.

many want to top up but limited to fpx limit. i can only do 150k max a day by using 2 banks . if no limit, maybe funds already fully sold off.... asm already hit allocation max for 3 accounts. Only can try top up asm2 2am every morning now but no more $$$$.. can start sleeping back at night...