QUOTE(azfamy @ Aug 12 2008, 01:58 PM)
Actually, the ASB is meant for the poor bumis. Those who can't afford to invest in other funds.
Can u buy only a single unit (RM1) of stock in any other funds? I doubt it.
Why poor bumis? I don't know.
But with regards with the bumis, in terms of absolute numbers AND on a proportionate basis, comparatively, there are still more poor bumis than none bumis.
However, the weakness here is the possible abuse of the funds where the rich bumis are also allowed to invest in this fund.
Yes, the rate of returns is usually higher than other funds, and the capital fixed. The aim is to assist them. Would we want those poor people to remain poor? No, I'm sure we're not that selfish.
yes i agree with you the distribution of wealth should be fair, and there is a lot of rich malay are taking advantage on the Govt policies (no need for me to elaborate more)
However i believe that poor people is not limited to Malay only, there are thousands of chinese, indian, kadazan, iban, bidayuh, orang asli etc who are poor. I think they deserve a chance to invest in ASN (Am i dreaming?)