QUOTE(ikanbilis @ Dec 31 2019, 02:06 PM)
despite putting in so much efforts to buy ASM123, I got bupkis onlyUltimate Discussions of ASNB Fixed Price UT, Magical UT only in Malaysia
Ultimate Discussions of ASNB Fixed Price UT, Magical UT only in Malaysia
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Dec 31 2019, 02:08 PM
Show posts by this member only | IPv6 | Post
#941
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Senior Member
7,816 posts Joined: Jan 2005 |
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Dec 31 2019, 02:10 PM
Show posts by this member only | IPv6 | Post
#942
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7,816 posts Joined: Jan 2005 |
QUOTE(wild_card_my @ Dec 31 2019, 01:42 PM) Yeap, they don't. ahh yeah i remember your explanation. i just dividend so that the general population understands.However, the distribution, by nature can be determined by the fund manager however he likes. He even has the rights to give 0% despite the performance of the funds. You can complain but when you signed up for the funds you agreed to that Distribution is not equivalent to dividend. They are similar, but they are practically very different i guess ASN tries their best to keep everyone happy. if they do a 0% stunt, many will just withdraw and it'll cause them some cashflow problem |
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Dec 31 2019, 02:14 PM
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785 posts Joined: Mar 2012 |
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Dec 31 2019, 02:15 PM
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Senior Member
2,542 posts Joined: Jan 2003 |
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Dec 31 2019, 02:15 PM
Show posts by this member only | IPv6 | Post
#945
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7,816 posts Joined: Jan 2005 |
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Dec 31 2019, 02:30 PM
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Senior Member
6,562 posts Joined: Jan 2003 From: Kuala Lumpur |
QUOTE(beLIEve @ Dec 31 2019, 02:10 PM) ahh yeah i remember your explanation. i just dividend so that the general population understands. yeah man, that goes without saying. In fact, I believe, even if they are making some losses, they would try to give some distribution so people would be happy, this happens with normal UT, but can be adapted by fixed-price UTi guess ASN tries their best to keep everyone happy. if they do a 0% stunt, many will just withdraw and it'll cause them some cashflow problem The problem is, the distribution given out does not correlate with the NAV/unit price; immediately after distribution is paid out of the fund, the NAV would be reduced accordingly, so the new NAV/unit price should also change. This lack of transparency can be... dangerous to say the least. This post has been edited by wild_card_my: Dec 31 2019, 02:31 PM |
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Dec 31 2019, 03:28 PM
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417 posts Joined: May 2009 |
QUOTE(beLIEve @ Dec 31 2019, 03:15 PM) ahh yeah that's what i was told. i thought qualified people will get it automagically without asking mah Last year I remember someone posted a website showing design of new calendar, so always thought HNWI get different calendars than normal investors Year end get nothing from the hunt, the pool so so so dry. I think this past 1/2 year didn't even get 5 digit in total P.S. suddenly got ASM2 hah hah, really must complain then only can get units This post has been edited by samuraix79: Dec 31 2019, 03:33 PM |
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Dec 31 2019, 04:15 PM
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#948
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Senior Member
7,816 posts Joined: Jan 2005 |
QUOTE(wild_card_my @ Dec 31 2019, 02:30 PM) yeah man, that goes without saying. In fact, I believe, even if they are making some losses, they would try to give some distribution so people would be happy, this happens with normal UT, but can be adapted by fixed-price UT i thought as they make profit throughout the year, NAV/unit increase but not reflected because of the fixed price nature. distributing them units brings it closer to $1/unitThe problem is, the distribution given out does not correlate with the NAV/unit price; immediately after distribution is paid out of the fund, the NAV would be reduced accordingly, so the new NAV/unit price should also change. This lack of transparency can be... dangerous to say the least. QUOTE(samuraix79 @ Dec 31 2019, 03:28 PM) Last year I remember someone posted a website showing design of new calendar, so always thought HNWI get different calendars than normal investors i thought HNWI gets to join ASN Premier league. semi HNWI gets the calendar. LNWI gets error 068Year end get nothing from the hunt, the pool so so so dry. I think this past 1/2 year didn't even get 5 digit in total P.S. suddenly got ASM2 hah hah, really must complain then only can get units |
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Dec 31 2019, 04:17 PM
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Senior Member
3,050 posts Joined: Oct 2008 |
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Dec 31 2019, 06:03 PM
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Senior Member
6,562 posts Joined: Jan 2003 From: Kuala Lumpur |
QUOTE(beLIEve @ Dec 31 2019, 04:15 PM) i thought as they make profit throughout the year, NAV/unit increase but not reflected because of the fixed price nature. distributing them units brings it closer to $1/unit No one knows. As for ASB/2, they dont tell you the number of units outstanding (units purchased by the market), so even if we know the NAV (which we do), we would not know what is the true NAV/uniti thought HNWI gets to join ASN Premier league. semi HNWI gets the calendar. LNWI gets error 068 I am quite sure this applies to the other fixed price units |
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Dec 31 2019, 08:26 PM
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Senior Member
7,816 posts Joined: Jan 2005 |
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Dec 31 2019, 08:31 PM
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Senior Member
8,667 posts Joined: Aug 2019 From: Penang <-> Singapore |
QUOTE(PrincZe @ Dec 31 2019, 04:17 PM) Ya, me too. Never receive anything from them before.PNB-related news: https://www.thestar.com.my/business/busines...lil-as-director KLCI bled a lot today... |
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Dec 31 2019, 09:26 PM
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7,816 posts Joined: Jan 2005 |
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Dec 31 2019, 10:17 PM
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Senior Member
7,816 posts Joined: Jan 2005 |
QUOTE(thesoothsayer @ Dec 31 2019, 07:53 AM) Yeah, it's hard to get. I'm giving up on this also since the effort doesn't seem worth it. actually, if you look on a daily basis, it's hard to get and not worth. But if monthly basis, seemed ok. As long as you put in long term.I'd just cut back on the celebrations cost instead. This has the advantages of compounding interests and better than FD still. |
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Dec 31 2019, 10:48 PM
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Junior Member
48 posts Joined: Mar 2019 |
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Dec 31 2019, 10:56 PM
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Senior Member
6,562 posts Joined: Jan 2003 From: Kuala Lumpur |
yeha. but kinda funny that Public Mutual, CWA, (UTMCs) all give you Gold status, starclub status and loads more than some flimsy calendar...
I guess this is good, less frills. No need to waste on unneeded costs |
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Dec 31 2019, 10:57 PM
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Senior Member
1,917 posts Joined: Sep 2012 |
possible to introduce a new fund called Wawasan 2030?
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Dec 31 2019, 10:59 PM
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Senior Member
1,917 posts Joined: Sep 2012 |
QUOTE(wild_card_my @ Dec 31 2019, 10:56 PM) yeha. but kinda funny that Public Mutual, CWA, (UTMCs) all give you Gold status, starclub status and loads more than some flimsy calendar... eh, public mutual gives gold status?? what kind gold status? You mean like gold status in hotel loyalty programme, frequent flyer programmes? I didn't know.I guess this is good, less frills. No need to waste on unneeded costs |
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Dec 31 2019, 11:00 PM
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Senior Member
6,562 posts Joined: Jan 2003 From: Kuala Lumpur |
QUOTE(moosset @ Dec 31 2019, 10:59 PM) eh, public mutual gives gold status?? what kind gold status? You mean like gold status in hotel loyalty programme, frequent flyer programmes? I didn't know. Yeap, something like that. To make you feel exclusive a bit la. You spent so much money on the sales charge |
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Dec 31 2019, 11:01 PM
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Senior Member
7,816 posts Joined: Jan 2005 |
QUOTE(wild_card_my @ Dec 31 2019, 10:56 PM) yeha. but kinda funny that Public Mutual, CWA, (UTMCs) all give you Gold status, starclub status and loads more than some flimsy calendar... I don't know all of these funds, but Public Mutual charges commission right? So status is indirectly paid with commission. |
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