I am quite.. .intrigued as to how you guys are doing this. So when you click you want to buy, youneed to enter the amount. So you just keep spamming? If you fail, you go back, and redo it till it gets to the page where it says "you have 15 minutes to complete the transaction"?

huh interesting. Full disclosure, I am using screenshots of this thread to show to my fellow eligible clients about how people who are not eligible for the units by default (as in they have queue an all) are going through a lot just to get a few units to propup their investment portfolio

On the other hand, we have Bumiputras with their 200k quota and RM500 balance criticizing ASB for giving 5.5% return. That is ludicrous on them.

Keep up the good fight guys, I am impressed by your grit.

I tell my clients to transfer to ASB3 if they cant get into ASB2. Never had any problems with new deposits for ASB3

edit: this is for this who are taking financing for the maximum 200k, but they already have deposits in their ASB1 account and need to move it elsewhere. ASB2 is priority, if not, ASB3

This post has been edited by wild_card_my: Jan 1 2020, 01:43 PM

Fair enough. Understood~ Not much experience in spamming. When my clients complain about ASB2 being full, I may just tell them to transfer to ASB3. It is their call though.

Your sarcasm knows no boundaries


Historically, which funds out of these FP are giving out the best returns? As in do you guys have a preferred ranking? For me it is ASB, then ASB2. But I am not familiar with the other FPs

maybe they are tired of people spamming their servers They should just do a lottery of sorts each day.

ASB dropped from 7 to 6.5 then to 5.5

Of course, it was noisy

A lot of Bumiputras will say otherwise. But when i ask which other investments that they invest in that gives as good a return and as low a risk, they answer: <silence>

And then they ask for more help and demand why the government doesn't help them. ASNB is the help, but damn, talk about blind or deaf, or stupid

Can you elaborate on the equity share ownership goal failing? Want to hear your thoughts on that

I am not too familiar with stocks, Ill be the first to admit that. I know of it but perhaps not enough; the 30% ownership is required continuously for listed companies? Or just for listing?

yes, if you like your bumiputra friends and to help them, explain to them what you understand about how ASNB is massively helping them, and you can tell them to see me to get their finances in order hahaha

Now, I would not be a good source for some of the answers. As a consultant, about 60% of my customers are Malays. These Malays are mostly in the white-collar industries; they understand the important of wealth accumulation and preservation, so they meet me for consultations - both paid as well as commission-based

In my personal views which may be biased due to the non-normal distributions of my clients, NEP has worked wonders; without which plenty of Malays would have been prevented from partaking in the country's economy. As you know, most Malays live in the villages, had their children and grandchildren remain there they would continue to become formers or any village-based employments. The Chinese community migrated to Tanah Melayu with a different mindset that is to make something for themselves; they are more studious and focussed to get what they want in life. These mentalities are yet to be ingrained in the Malay community as a whole

It may not seem fair, but due to the differences between the two cultures, it is a given that the Malays would be unable to compete unless given a hand to out-Malay themselves. Have you noticed that most white-collar, professional Malays are generally very different than the rest of the Malays? I am referring to their openness to accept something that is different what they have been led to believe, their acceptance that at some point we need to accept merit-based appointments as opposed to clinging to "hak Melayu"? But did you know that these professional, white-collar Malays that we are discussing have benefited from NEP?

Their parents and themselves may have benefited from these policies, such as those through MARA - UiTM & MRSM. The ones that turned out well after coming through these systems realize that these affirmative-actions will not remain forever and have continued to better themselves.

Had there not been any NEP, it would not be impossible for Malaysia to turn into Singapore, where Malays make up the majority of the labor forces and are excluded from the nation's economic activities. It may be good for Malaysia, but I would have none of it, not yet at least. It will take a few more decades for more Malays to change, if it will. If you ask a Chinese couple to raise a Malay child, he would turn out as successful, studious, academically-oriented as any Chinese or as his siblings - only that he would look-like a Malay.

The NEP is there to change out-Malay the Malays, perhaps it is misled, perhaps it is honorable. But when I was in Singapore for my business calls to meet my clients, kesian looking at the situations the Malays are in there - janitors, cleaners, fastfood employees are almost exclusively Malays. There are exceptions, but hey, I am an exception. What good are exceptions, Malays need to rise as a people too.

These are only my personal views though, and nothing that any of us here say would change the politically-biased economic landscape of the country.

Thank you for you opinion. What are you doing to change the system for the better?

That is you being prejudice, you are self-victimizing, and using that excuse where you sit back and do nothing - except for complain and criticize online.

As for myself, I try to uplift the Bumiputras so one day we would be on the same level as the rest, if not better. I am doing what I can to make the situation better within my capacity. At the same time, I am making some pocket money for myself.

It is ok to complain about any situation, but sometimes you have ask yourself "what am I doing to make the situation better?" If you sorely believe that the "tongkat" deters from things getting better, well you are always welcome to fight it in the open instead of behind a Lowyat nickname. Write blogs, articles, "letters to the editors", attach you names behind your beliefs.

Do something. Or not, and continue complaining how people are "attacking you".

Just so you know, I get criticized by fellow Bumiputras too for the things that. But do you see me stopping on my track? Nope, I am strong and I believe in what I do

Correct, this is the right attitude to hold onto. Some of us have received our share of help, now we have to stand on our own two feet, or better, help those in need. Most of the Bumiputras that are successful today can be traced back down to the kampungs. Opportunities in these areas were limited, their own parents didn't know how to make themselves nor their own children successful. Without any interventions, these villagers would simply spiral down or remain as they are without any social mobility. Might I remind you that most Chinese migrated to Malaysia with a mindset to make something for themselves. No one migrates (berhijrah) just so they would end up worse than their current situation, even refugees - that, by definition are fleeing war, persecution, or natural disaster.

I understand that the Affirmative Action policies in Malaysia is racially-based/biased. But the intention was to level the playing field, without which, the rich-poor gap between two aforementioned racial-groups would only widen. I am not trying to fear-monger the May 13th 1969 incident, but nothing good will come without doing anything to break that cycle of poor/undereducated children coming from poor/undereducated families. The Malay culture at the time simply didn't have the ability to rid themselves of this monotony; they were under multiple foreign power rules for centuries, these foreign powers do little to uplift, educate, nor train the Malays - as such they have very little abilities nor experience to better themselves. This is why most of the Malay leaders, who were the agents of change for the country at the time hail from the royalties, namely Tunku Abdul Rahman and his closest of entourage - these people were the exceptions as they had the opportunities to learn what the rest of the Malays have not.

Again, might I remind you that when the Chinese came to Tanah Melayu, they brought themselves their collective education systems, schools, and even teachers that are paid by the community. They came in packing, ready to unload their 4four-centuries of civilization; they had a head start, and now they are calling for "equality", for there to be a level-playing-field between themselves and the natives. There was no level-playing-field to begin with, the advantages were overtly on the Chinese migrants' side and for the time being, calls for "equality" would be disingenuous - because one group started way ahead of the rest

What about Indians you say? Forced labor, enough said.

What about rich Indians? Exactly, they also came packing as travelling merchants who chose settle down here. Advantages on them.

But that is NOT to say that the Malays are incompetent. Just look around your workplace (such as MNC and successful GLCs like Sime Darby), there are professional/executive Malays that are just as good, if not better than their counterparts. And of course, yours truly which is "enough said" but I will say it anyways: I get asked by a lot of people that I meet for the first time for my name, and when I say it was "Faiz Azmi", they would be a little confused. They try to hide their confusion, but if I press on, they would surrender that they thought I was an Indian. Perhaps it was due to the skin color, but my facial-structure do not back that up, and not all dark-skinned Malays would be mistaken for an Indian. If pressed even further, they would say it was due to my command in the English language, which is unusual for a Malay chap.

I am at the level where I get paid to talk. Well to be more specific, I moonlight tutoring Malay executives in improving their conversational English:



My dad was raised in a poor family but have received numerous assistance from the government and he retired as the CEO of a Khazanah subsidiary, his children were all successful and professionals - dentists, accountants, engineers, and yours truly - a consultant (who is a professional, Associate RFP from MFPC, a professional body). None of this would have happened if it was not for the NEP. But all of us are fully prepared to roll back the NEP, we do not expect that it would remain longer than necessary

As it is, I see that non-Bumis are just as much to blame for their lack of action as well as self-victimizing - they use this as an excuse to do nothing. They could have done a lot more, such as joining a political party, creating their own NGOs or work with established ones. They should be the agents of change that they want to see, instead of sarcastically yelling and chiding short, unoriginal, terms like most of them have done in their posts across /k/ all this while

Perhaps some of them are not interested in seeing Malays rise to the same level, which is fine, which also explains their actions and attitudes toward the whole system - they want to yank it right beneath the Malays's feet, putting back years of development. But please, don't piss on me and call it rain. They should just say it out loud that they prefer the Malays to remain backward and removed from participating in the larger economic activities of the nation: Just like how it is in Singapore

Which I would say game on

This post has been edited by wild_card_my: Jan 9 2020, 09:59 AM

TAC is at most 6-digits long, with options to correct any typos. Yet you put it in wrongly; I don't see why not

1. Well great!!! You are a great agent of change then, you want the people around you that you care to better themselves. Ignore the penunggang agama, most of these people who quote religious facts also commit sins, they smoke, they mingle, etc. Yet when someone is asking them to do what they are uncomfortable with (to invest their money, which would take away from spending on themselves), they would use "agama" as an excuse. ASB is deemed "harus" and not "haram".

But it is on them, we cannot force any Muslims to invest because the "Fatwa", says that ASB is "harus", because that is their personal decisions. But these people have no rights to overrule the Majlis Fatwa Kebangsaan. These people cannot go on record or in public claiming that ASB is non-halal or haram. This is because they do not have the rights to do so:

a. no islamic knowledge
b. no financial knowledge (knowledge of the domain)
c. they were not authorized by the government of the land

The above are important to stop every Ahmad and Jamal from coming up with Fatwas that would divide the Muslims

2. And if you do find those who wants to take ASBF and are eligible for it, you know what to do. You can let them know of me haha

So when people chide you, you cower away. You are using other people opposing your ideas as your excuse to not fight for the change you believe in? I would have taken you seriously if you were in DAP (or as you claimed, DAPig), NGOs, or have proven efforts to make any changes, even in your own ways that may not be compatible with mine. But as it is, you are just complaining about the issue online, hiding behind a handler and giving excuses as to why you refuse to help.

Put it this way: This is a systemic problem, and you are not doing anything to help. Maybe you do not think that it is your responsibility as a Malaysian, which is fine too. But stop crying.

This post has been edited by wild_card_my: Jan 9 2020, 08:58 PM

There is an upcoming by-election?

The most important thing that you cannot see is the outstanding units in the market. As a fixed-unit-price fund, you do not now know what the actual NAV/unit, because despite knowing the NAV, you do not know what the outstanding units in the market.

So when you pay RM1/unit, could you be overpaying (the atual NAV/unit is less than RM1/unit) or underpaying (the inverse of the previous statement)

Did your wife open the account exclusively online?

If yes, tell your wife to go to ASNB branch to credit money in cash to your wife's ASB fund

I kena before so i just activated something by going to asnb branch. Recommend you bring the transferee to the branch and explain your situation