ASM 1? or Wawasan @ 2

because friend of mine said...
got endless units around 12noon for ASM 2 Wawasan..
click 10k or 20k also can get just per shot 

You should have done it on 1 Jan so buyers can get the full Jan. interest.

nobody wants d

Wah sell liao, where you parking?

Old timers who used to camp at agent banks, post office or ASNB branches know this well

Friendly reminder to ASNB: CIMB eFD 6M 3.85% ASNB don't mempersiasuikan yourself when announcing for ASM

I see. Then the general feel does seem to indicate funds are flowing out from ASMx.

I feel heavy hearted hence still monitoring the situation.

I have reduced my ASNB holding by 60% over the past few months.

I intend to redeem more ASM on 1 April to a minimal amount after dividend.

Attachment : my ASM redemption 40k yesterday.

[attachmentid=11385380]

Where did you park? Fd?

You had to fill in a declaration form as the amount was more than 25k, right? Was it troublesome? 

Thanks.

Currently park at PBB 4.5% 18m.

No declaration required for my 40k redemption.

All ASNB good times must come to an end.

The end of a period will herald the begging of the next period.

ASNB will likely only underperform FD in the very short term. But even that is not certain, we can suddenly experience a period of higher growth or see appreciation in KLCI were Ringgit to appreciate further, and poof, suddenly ASNB is declaring 5.00%++ dividends.

Likewise, if inflation starts tapering off, or even falling, we'll eventually see the end of rate hikes, and eventually a bit of rate decreases too.

And yet, we might see the start of a period where cash yields more than any other asset class.

Put simply, anyone investing with the longer term in mind, who's shifting money in and out of ASNB and FD, is only exposing their foolishness. Just my 2 cents.

One of the considerations of taking a long term view is the likelihood of being able to buy back into ASM2/3 if you sell now to go into FD. I read the post as inferring that you may get a better short term return on FD but that long term you may well lose out if ASM2/3 returns improve and you can't buy back in. In other words, it's worth risking a short term reduction in returns to be in a position to secure better medium/long term returns.

Personal choice and appetite for risk I suppose. There is no 'right' solution as all our personal circumstances and aspirations will be different.

Good for you to have so much faith in asnb, but do not label other people who move away from asnb as foolish.

Many of us who invested in ASNB are professionals (including myself as fellow member of ACCA). We know what’s best for ourselves and “foolishness” is definitely not a term we like to be called upon.

I do not support ASNB whatsoever, or have "so much faith" or whatever else you have to say.

I guess what I'm trying to say is, market timing based on macro factors NO ONE can reliably predict is a fools errand. Which is what some of you guys are trying to do.

You got ACCA so what? I say fund managers themselves are fools at large and they have got CFA and 30+ years of industry experience managing many billions ringgit worth of funds.

Put simply, anyone investing with the longer term in mind, [COLOR=red]who's shifting money in and out of ASNB and FD, is only exposing their foolishness.

What market timing? There is no market timing here. People sell for various reasons. I sell simply because i dont like what i see in their financial statements and how PNB is injecting cash into ASNB to pay dividends. I am not buying back ASNB even if it goes beyond 6% in future.

You seem like a proud person. First you say we are foolish people selling ASNB because market will suddenly recover and ASNB declaring dividend 5%++. Then you say these CFA fund managers are fools managing billion ringgit funds. ACCA so what they are just bookkeepers (also fools). So everyone is a fool except you of course.

Plenty of asm3. Can try if you want.

Huhuhuhu...

The so called "good" old days is back...
Where one just click & get whatever amount / units needed 😎

Back to the hotly discussion going on....

There's No right or wrong....
It's all personal choice & investment objectives respective individuals....

Want to keep or move away its own choice...
Refrain from any name calling....

Choice is yours hand...
FD or EPF or even SSPN... Own decisions 🙏

wah bro, clearing out your ASMs?

Anywhere better to put other than the pbb 24m @ 4.8%p.a?

Same here, not able to get any ASM 1 and ASM 2.

ASM 3 seems lot easier though.

👏. if u manage to get 5%, you'll be the first person to achieve that rate.  good luck.

I am waiting for bnm meeting soon. If got 5% promos, I'll withdraw some on 1 feb.

I will also withdraw more ASM on 1 Feb

If BNM does increase OPR next week (and I think it will), a statement from PNB trying to reassure investors really should be made.

All it needs to say is that 'PNB expects to deliver better returns across all FP funds for the remainder of 2023 than it achieved in 2022 and it sees this improvement continuing into 2024 and beyond.'

If PNB can't or won't do this then I think it is time to get out.

I thought those rates are subject to OPR changes anyway.

Jump ship to where please?

despite all the hoo-ha, all the 'sold' units are picked up almost instantly. still many supporters

Well...
There's always hardcore supporters anywhere...
Even in ASNB funds especially ASMx funds....

That's why...
ASNB / PNB management just chilling... No worries at all...
Always got people to buy even release early morning... Got buyers to scoop all the units 😝😆😎

That's why I don't bother nowadays. Quality of life more imp

1% different won't be life and death. If the 1% is significant enough, then you are already well off and don't need the difference anyway.

Hi, guy3288.

Did you manage to keep a copy of the receipt (the one shown in your photo), for yourself?

Thank you for your information.

itu la. that's y i said some dun even care about 0.1% what more 1%

Too much $$$..

That 1% is nothing I guess 😎

ASMx always in heart / first choice for these groups of people 😏

If you look at the compounding effects of an additional 1% over just 5 years it might make you think again.

Assume Capital invested RM1,000,000

Five years at 4% = RM 1,216,652

Five years at 5% = RM 1,276,281

RM 60k difference. And it gets more and more exponential with time.

what about non-compounding fd?

Withdrawing ASW to put in EPF makes sense. At least some rebalancing and redistribution of wealth.

Withdrawing ASW just to put inside cyclical FD does not make sense.

That is my opinion.

Thank you. And yes i am stubborn

Ah.. you are shaken and wondering if you should sell like some of the ppl here. Well, this is not financial advice.

My personal opinion. First of all, this is as good as a bank can get. PNB is gov entity (or semi gov) and asnb is under the PNB umbrella. Can they screw up? Sure. But it's something the gov created to enrich the bumi (then the non). So it is as stable as it gets. Unless Malaysia goes bankrupt, i don't see how this thing will go bust. And if Malaysia do go bankrupt, then where you put in Malaysia is pointless. This is better than MAS coz MAS went private. This one still under gov. And look at MAS most importantly, they cannot screw up coz bumi uses it too.

Second of all, it is liquid. You can withdraw 2k per month and if you need more, go to the branch or any banks in Malaysia. It's like a universal bank that all banks recognized and service. That should say something about it's reliability. You can even go post office for this.

Third of all, its fixed fund. Aka no matter what happen (unless they change the fixed fund), it will forever be rm1 per unit. Like i said previously. Worse case scenario you lose time and get 0 interest for a year. By that time you can just liquidate them.

These fundamentals don't change. Unless it changes then i might act on it. Now we talk about potentials. If you look at interest rates only. Yeah.. they "could" potentially be lower by a bit. But don't forget. If 2023 March announced 4% interest rate, it actually means April 2022 (last year) until March 2023, aka previous 12 months. Not future 12 months. If you look at data, from April 2022 to march 2023, what's the average interest rate of banks? We talking about average. I believe "highest" until december 2022 (last year) was 3.8%. 4% and above only happened around january 2023. So technically they are doing better than FD. On "average". They might not beat every bank and every scenario out there but they do beat majority. If you are chasing the best of the best of the best then yes they sucks. But with that you have to chase like no others as well. Not everybody have access to every bank and have account in every bank and access thier privileges and combos products and fulfilled thier requirements for the special rate. And definitely i am not going to go there every 12 to 18 months to redo all over again as most require "fresh fund" aka you need to withdraw and then put into another account and then withdraw or transfer over every cycle.

In terms of other vehicles, yes there is reits, oversea investments, sp500, US bonds, ETFs, insurance cum investment, mutual funds and properties for rentals and so on and so forth which can gives you higher returns. Even stocks. The question will then become, do you know how to do it? And can you weather the price volatility and the risk involved? Do you wanna lock your funds up for a period of time? 5 years? 10 years? Do you want to look at it everyday and do maintenance? The higher the yield the more you need to do. Property need to pay tax and lawyer fee to acquire. You need to find a "good" tenant or you are toast. You need contracts and you need maintenance. It sounds good. But when you start doing it, it's a different story. Unless you are lucky you get a good place and you are lucky the lawyer did not overcharge and you are lucky to have a very good tenant for next 20/30 years (loan time) and interest rates doesn't eat into your income and lhdn doesn't knock your door and no natural disasters or pest did not come say hello. If you are young (below 30s) then yes coz you got plenty of time and energy to play with this. But even so, i still choose this asm. 0 buy fee 0 sales fee 0 maintenance fee 0 risk 0 fuss. Buy and forget and every year wait dividends.

And that is why i so rajin lo when i see asm1 units available. Can correct me if i am wrong and that's the drive behind my decisions. If asm units no longer available and if i can last 5 more years, i will put into kwsp coz higher yield and same advantages except need to wait until 50 to withdraw some and then 55 to withdraw when i need. Kwsp also have a guranteed minimum interest every year. So it is better in some sense if not for the age requirement to withdraw.

I think the system just lock all sold unit (unclaimed as well) and released at the predetermined time. That's what my feeling is. If so then it makes sense to lock those units that ppl qualify but doesn't pay as well. This will explain why 3am and 4am still got. Why 2am? Coz that's when they do maintenance and 2am finish maintenance and they release. They need to release after asnb or bank office hour. Why not 6pm? Ppl will be busy and they not yet update everything and maintenance i suppose. So they released first thing after maintenance. That's my thought on it. And that's good news to me since i sleep late. 😂 Maybe they heard my prayer. 😂
Very good information
It's open to all races. And if anything were to happen all products will be affected. This is gov approved investment. And if they steal asm, asb will be affected and ppl will run also. So i don't agree with your statement above. It affects all and reputation will be tarnished. So it doesn't matter which product and all product under that "company" will be affected and the company will be tarnished.
I agree. I am late to the party. But i am late coz i cannot buy any that is why i collecting now when i can. Like i said, fundamentals are still there. And yes i might not earn more than newer products but if it beats average it is still a good place for me coz i am "stupid" to learn new tricks and i cannot stomach much risk coz i am getting old. Plus it's liquid. I might start to withdraw in a few more years to support my retirement if i retire. Still the best place to park. Kwsp will be my second choice when i nearing the age. Right now i have a choice of asm 1 which gives around 4% (optimistically this March 4.2%) or my money market that offers same liquidity (where i withdraw from to buy asm) that gives 3.5% EAR (or 3.44%/365 daily) interest. It is no a brainer for me to swap 3.5% EAR to 4% (plus minus). I still leave some cash in the money market just for fast withdrawal and usage but the rest i park in ASM. Will i use the money in the next 5 years? I doubt so. Why i don't put FD or oversea or stocks or etf or kwsp? I don't like being bound and i don't want to watch them everyday or get stucked in a bad economy time or unfortunate market down scenario and have to resort to selling at a loss or get a loan with higher interest. Yes i very very very conservative. And yes i don't want to play with risk. Play enough risk and got burnt hard past 2 years. Cannot afford to play with fire anymore.

Bro Guy, lu sure boh calling yourself old timer? You sound like young guy, 40+ le?

Ya, I oso like sweet things.

🤝

aiyah, over at fd thread mentioned starting from today public bank no more 24mth 4.8% p.a.

ruined my plan for withdrawal on 1st feb to place into that promo.

Hehehe...
Really old timers with deep pocket even during earlier days 💪

6 or 7 account like that right?
Lost count already... Too many ASMx account for multiple people 🤣

Now need to move on with others...
Life also like this...

Start from first love ASMx funds.... Now move to others 😁

Unkerpanjang

Wah! Then you all Nexona, Bro Guy, Bro DlttDltt, Believe, Lucifah, Telegram Group all big time players one.
Unler pay homage n respects.
Once become whale, always remain whale.

Walau! Unker is like freshie compared to Bro DBH, Saitong, Xing n  all above Sifus. Unker started Asnb thread 2019.
Unker start investing $50, $100...a time via apps.

Important msg is to realize how far we all have come, instead of how much more to go. Life is meant to be happy.

Unker, hungry wait Auntie go eat  fav roti canai.

Can buy doesnt mean your particulars are updated. A few question will be, is your particulars updated? Is it an old account that your parents made for you before you are 18 and now you are 18 and never went and update it? How long have you not update it?
Gong xi fatt chai..2019 ah.. missed all the high dividend rate but slow is better than never. We should see an uptrend from here. Market are cycles. The only question is how rajin the fund manager is. Hopefully bunny year they hop around more and more active. Hmmm.. mentioning uncle lucifah.. i haven't seen that fella in a while. I wondering if he is at his old place... Hmm...

Gong xi fatt chai everybody! Hope the bunny brings more ong to everybody

Back in 2018 I withdrew everything. I can't even remember which month exactly, but there was completely zero left in ASM3. Last year, when I got my RHB account, I saw there was RM4xx in ASM 3. When I looked back at the historical statements, I can see that I got a dividend for 2018 despite withdrawing everything before dividend date.

T This will put pressure on BNM to raise OPR again in March which will affect the ASNB benchmark Maybank 12 month FD rate. If ASM dividends do not recover (either naturally or via 'support') then I can see significantly better returns in FDs than ASNB funds this year and next.

Ikan paus is not me. I am ikan bilis. 

I put some in FD and some divert to singapore.

Still have some ASM2 and ASM3 to sell next month.

HLB 6 mths 4.13% still have.

I know we all have different hopes and expectations but, for me, there is more than 0.5% difference between 3.5% and 4.0%. What I mean by that is that 3.5% means that dividends are continuing their downward trend whereas 4.0% means the recovery has, hopefully, begun.

Whilst 4.0% would only allow me to pay my bills, I would be happy with it. If 3.5% it would leave me worried about fund manager’s competence and would see me selling more of my ASMx units.

Because we really don't know what asnb would do...
Looks like no serious action taken... Or probably just at minimal level...

Since they don't really feel pressured like others funds managers ... Got many people still buying even at 2am.... So why headache & worries... And work hard....

That's why I says many times...
Don't buy anything anymore....

If possible...
Withdraw & move elsewhere...

FD or EPF is the easiest way... No headache to strategies...
Dump & forget... Autopilot mode 😁

last time i bring briefcase of cash lineup outside asnb to buy units

We were planning on remaining invested for a little while yet but if there are now issues with withdrawals we will have to give the matter some serious thought.

Probably system overload by mass withdrawal 🤪😅😏

Previously happened during ASB 1 ex-dividends 😁

i used house cheques instead. crossed the a/c payee only part and initials on a few parts, and its as good as cash and much safer