thanks. you're fast. I tried to search last nite, not yet available.

Sometimes there are leftover units which asnb release the next morning. There used to be people reporting grabbing 30k one shot at 7am

i thought the limit is 200k per / person per fund ?

1. 1st day is a buffer period for distribution calculation that is based on the monthly-minimum balance. That means if you buy units on the 1st of the month, your minimum balance would include said units. e.g. Your current balance is 0 and you bought 5,000 units on the 1st of December, the minimum balance for December is 5,000. If you had bought your units on the 3rd of December, the minimum balance of that month is 0

2. The 1st of the month is also the first day that investors could redeem their units without losing out on the distribution of the previous month

So it is like a "transaction" date between buyers of the units, and sellers of the units. I am assuming that you are not Bumiputra, so you would need to chase the units, buying whatever was sold.

Interestingly, PNB’s newly minted CEO in a recent twitter exchange, addressed the issue of lower returns.

In one LinkedIn reply, an individual questioned why PNB was explaining its low returns by benchmarking it against fixed deposit rates and the FBM KLCI index. He said that PNB ought to benchmark itself against fund managers who beat the index and that the volatility and unpredictability in the markets are not grounds enough for PNB to show lower returns. He also claimed that PNB fund managers were too cautious and risk averse. In response, Jalil said this: “That would mean taking on additional risks and that would mean you need to be prepared for higher losses. ASB is a fixed price fund that’s meant to give stable rates of return. There is no such thing as higher risks, capital protected and higher returns sitting together, ” he quipped in his reply.

Hence, it is likely that lower returns are going to be the norm in the foreseeable future should the markets remain challenging.

By definition of distribution, thy are not holding or giving away any "profits". Any funds can give away distribution even when the fund is not profitable.

This is why it is important to use the term distribution and not dividend. A company cannot (I am not sure if legally) give away dividend when they are making a loss. SO when you refer the distributions given by ASB/other-UT as dividends, you are implying that the fund size grew over they year. No such thing.

Do nice, how to get

Thanks. Actually EPF already can wire in direct, why ewallet? To spend and earn rewards?

ASN already accept debit card (I wonder if bigpay works) but must go to their office. They should make debit or even credit card available in FPX. Extra credit card charges is going to cost us dividend though.

Boost and bigpay can. Touch and go cannot. I don't use other ewallet, so I don't know.

Both has option to transfer to bank.

Bigpay can go ATM to withdraw. Check out the Bigpay first post for do's and don'ts. basically, there are some banks that you should not use your bigpay card on.

Boost will charge a fee to customers who transfer out money from their Boost wallet to their bank account of choice with a 2% fee, up to a maximum of RM2 fee for each transfer out request. The charges will be paid by deducting from the Boost available balance.

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

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.