Update: tried at 2am.. error.. try 2.10am. error.. try 2.15am.. error.. try 2.20am.. 5k one shot go through so instead of 2am they are releasing at 2.20am on the dot.

Like i said... It's safe, convenient and simple. I too stupid to do the hard or difficult way. So asm simplest plus i wanted them very long already but never get any. Now got chance rather than fish.

First of all i just wanted to get some coz i been wanting them for a very long time but unable to do so. Second, it is safe and simple. It is easier than going to bank and open account just for a short term (12 to 18 months) FD. FD i can easily do later if no other options but asm1 is like wwe. Other methods like reits or oversea requires monitoring and skill and knowledge plus issues of inheritance. Asm you just put in and forget and get dividen yearly and you can withdraw 2k per month easily using apps. If need more just go to branch or banks. Simplicity and convenience. It is also liquid as i don't have to wait for maturity (FD) or wait for a good market cycle to exit. So safe, easy and convenience.

I also in the opinion that currently short term they might lose it by a few % but in the long term it should do better. Asm has FD and assets. It's like a diversification all in one. During economic downturn like now, they are dependant on FD. But during economic upturn the assets will give better return. So it is not bad to accumulate now and wait for the economy to return. Worse case i can just liquidate later at 0 losses (only wasting time). That is why i am buying now when i "can" as i mentioned previously. It is very hard to buy. 😂

Considering pulling another 5k out of kdi save and put into asm1 tonight one more round before CNY i might do it. Still thinking.

40s. That is why i prefer simplicity, stable and convenience. And i also considering about inheritance if i kick the bucket. I don't see myself living past 80.. 75 is consider a bonus

The dividen is announced once a year. For ASM1 is March 31st. ASM2 is september 30th. ASM3 is October 31st. For example IF ASM1 announce 4% DIVIDEN for 2023 (EXAMPLE ONLY). If you have 10k from march 2022 (last year) all the way until december 2022 (last year) and in January 2023 you withdraw 5k (balance 5k) and in february 2023 (this year) you top up 20k (balance 25k) and keep it until March 2023 (this year). Then your DIVIDEN is as follow:-

Monthly dividend = 4%/12 = 0.33%
April 2022 to December 2022 (last year with monthly minimum 10k) = 10,000 x 0.33% (monthly dividen) x 9 (9 months) = 297
January 2023 (first withdraw) = 5,000 (lowest in January) x 0.33% = 16.50
February 2023 = 5,000 (top up but lowest is still 5k unless you top up 1st february 2023) x 0.33% = 16.50
March 2023 = 25,000 x 0.33% = 82.50
Total = 297+16.50+16.50+82.50 = 412.50

I just had coffee so i hope my calculation is correct. But the concept is monthly MINIMUM value aka the lowest value for that month will get the monthly interest. As for topping up 1st of month, i not sure coz i never withdraw all my life (sorry... I treat them like gold coz old times it's very very very hard to buy and we have to queue up in banks and wait whole day). So that one you need to take with a grain of salt and it's mentioned by ppl here. Any other qs?

This post has been edited by Wolves: Jan 18 2023, 10:17 AM

Actually no. Both is best done on the 1st of the month if this is true. If you withdraw 1st, then the previous month you get full dividen for the month. If you buy 1st of the month, the monthly minimum is the new balance (this is what the forumers here claim but i never really bother or try).

That is why i collecting like mad now. Rare chance to get asm1 even if it's a norm from now onwards i still will continue to try to accumulate some every month. Just withdraw another 5k for tonight session. 😂 Retirement.. here i come~~ 😂

The CPI announcement really changed my plan. I am expecting a few more interest hikes in US this year which means Malaysia will follow suit but slower. Next year should be interesting when the fed pivots to very dovish stance. Anything above 4% is good enough plus this is stable. Sacrifice aggressive earn to gain stability in the long term. Cannot afford to lose more value.

Today's update. 2am on the dot. 5k units ASM1 one shot. Still plentiful there that's it for this month.

This post has been edited by Wolves: Jan 19 2023, 02:05 AM

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.

This post has been edited by Wolves: Jan 19 2023, 10:50 AM

Dunno. No bother try. I believe they all should be there. The issue is if i try and no buy, i scare units locked up and deny others a chance coz if it's available and you leave it there, technically it will go back to the pool that is being locked up. So i no try if i no intention to buy.

Heh? 2am only.. lai dota.. 😂 set alarm lo or you ask friends who sleep late to call you up. 😂

Oh, they stopped working long ago already coz now ppl who sell, the system just hold them. I been trying every 5 minutes from 8am to 6pm before for months. And yes i very free. 😂

This post has been edited by Wolves: Jan 19 2023, 10:44 AM

Previously before this system it is 15 minutes. Now with this system in place i believe if you lock up at 2am, it will not be released until 3am. Suspect la coz i tried at 3am and 4am before and can get. So i afraid if you no buy in that 15 minutes the units will get locked up until next release.

I believe he is aiming for asm1. 😂

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.

This post has been edited by Wolves: Jan 19 2023, 03:01 PM

Why not count average from the years when all 4 product exist? That's what i do. Coz if you coz from inception it's going to be biased coz economy then different from now. Count average from when all 4 product exist and see the average.

This post has been edited by Wolves: Jan 19 2023, 03:36 PM

Asm1 from 2010 to 2022 (13 years) average : 5.78%
Asm2 from 2010 to 2022 (13 years) average : 5.71%
Asm3 from 2010 to 2022 (13 years) average : 5.69%

Kwsp from 2012 to 2021 (10 years average : 6.115% (cannot find 2010 2011 2022 data)

Just for comparison. Of coz past few years kwsp is doing better so that's why i say it's my second option coz of liquidity issue

This post has been edited by Wolves: Jan 19 2023, 03:45 PM

Care to share all 4 product's figure? Would like to see the difference like i said, i too stupid to learn new stuff. So i can only do averages

No problem boss. Great to talk about it and get reaffirmation.. Both for you and for me. I also a bit doubtful. 😂

Creative accounting. Normal in Malaysia. 😂 Probably a lot of skeletons to hide under the carpet.

I just watched this video which was what i am thinking as well. Let me see if i still know how to share link on YouTube..



Basically it touches 4 main factors in 2023 and i have been thinking about all of the factors as well and the cpi data makes me change my direction from saving to go into stocks (still will but asm1 priority first now) or investing overseas (totally out now and this video kinda confirmed my worries) to putting money into asm (asm1 preferably) or money market. Basically "lending" money (which asm is one of many vehicle) should yield more this year moving forward (higher interest rate and investment to good projects or gov thingy). Since i am not financial savvy, just let the fund managers do it rather than i worry about it myself. Just watched this video a few minutes ago and thinking about sharing to see what you ppl think.

This post has been edited by Wolves: Jan 19 2023, 11:47 PM

Looks like FD rates is around 4.2% highest so far... Around same as asm1 predicted rate. 😂 My bet is still in asm1. Lol

Just in case ppl wondering, i went to bed at 1.30am and accidentally woke up at 3.30am and i tried a small amount of 3k but 0 units available. 😂 Either nobody release or i too late kena sapu already. So i guess my previous few days hard work is correct. 😂 Now just need to wait March to see what they announce

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

Nothing happens if you deposit funds less than 1 year and you still get dividend if you qualify before ex date. As i mentioned and count before. Like my case asm1 i just deposited this month. When comes march 31st they announce dividend, i will qualify for feb 2023 and march 2023 at the minimum monthly value. For example asm1 announce 4% dividend for March 2023 (example only) and i put 10k in before january 31st 2023 and i never touch or put in anymore, i will get:-

Monthly dividen = 4%/12 = 0.33%
April 2022 to december 2022 = 0 (coz i started january 2023) x 0.33% = 0
January (2023, this one controversial coz some say first deposit is consider minimum but i gonna put 0 coz i think it makes more sense i stay with 0) = 0 x 0.33% = 0
February 2023 = 10,000 x 0.33% = 33
March 2023 = 10,000 x 0.33% = 33
Total dividends = rm66

April 2023 onwards will depend on 2024 March announcement.

This post has been edited by Wolves: Jan 21 2023, 10:34 AM

Doesn't matter. As long as monthly minimum value is there you get it. If you put in 15th january 2023 and withdraw everything 5 February 2023 then you get nothing coz monthly minimum value for january 2023 is 0 (just put in) and monthly minimum value for February 2023 is 0 (coz you take out everything) so you get 0 monthly minimum value from April 2022 to march 2023. If you put in 15th january 2023 (monthly minimum value 0) but you keep until 5th March to withdraw all, you get february 2023 dividend. Get it?

They need an excuse ma. Plus market downtrend. Cannot do anything also. Where you put also it's probably red right now. At least another year or two of red then we should see an uptick. This year i expect a recession. Probably Q3 or Q4. At least asm partly in FD market also. Make do la. But i probably stop buying already. Maybe another round these few days before feb and that's it. Just wait to collect dividend. End of March should be interesting time coz asm1 and kwsp should give us a figure and we see the number and then think what to do lo. So chill.. CNY.. happy a bit la.