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Jaytea
21-07-2009, 01:36 PM
they released the Bumi portions to the non-Bumis today.
Has anyone in the forum gone to purchase?
Any updates?

USJ27Resident
21-07-2009, 01:50 PM
they released the Bumi portions to the non-Bumis today.
Has anyone in the forum gone to purchase?
Any updates?

Sorry la... but I just do not BUY into this Amanah Saham crap...

if it is so good... why isn't the RESERVED portions snapped up oredi... I also don't buy the excuse of "no money" crap... cos' the bumiputras are still shopping like NO TOMORROW... plus, even if got "no money", bumiputras can still BORROW MONEY TO MAKE MONEY in the Amanah Saham scam... :rolleyes:

Amanah Saham whatever... just looks like a huge Govt scam to me...

Rhiga
21-07-2009, 02:37 PM
The thing that turns me off is the purchase ceiling. For this case, it is max RM20k.

I am not rich and I never look down on any sum of money. The reasons I think not worth the effort to buy are:
1. Bank offers about 3-4% annual return and most of these Amanah Saham give 6-7% annual return. Sounds good !!
2. With the extra 3-4% return over RM20k, it is about RM800 extra a year which is about RM67 extra per month.

I seriously donít want to go through the hassle of going to BSN, give them my money to be their working capital and then earn extra RM67 per month.

totoro
21-07-2009, 02:48 PM
An account by a blogger: http://lifeislikethat.com/?p=1631

pucman
21-07-2009, 03:20 PM
Last time I queue up for 4 hours and didn't get anything. So this time, I am not going to buy again.

I think it's a scam. They use current exercise to fund the previous amanah.

When they don't have money , then they used new exercise to fund the previous funds again. How long can this go on ?

bugbear
21-07-2009, 03:20 PM
Gotten my share already this morning. :)

pucman
21-07-2009, 03:32 PM
Gotten my share already this morning. :)

how many hours u queue ?

Sentinel
21-07-2009, 03:40 PM
Gotten my share already this morning. :)
Me too... bring four cousins / nephews with ICs, over in 1 hour! Have to buy them pasembor and make them sign transfer forms.... :D

umadavid
21-07-2009, 03:47 PM
Last time I queue up for 4 hours and didn't get anything. So this time, I am not going to buy again.

I think it's a scam. They use current exercise to fund the previous amanah.

When they don't have money , then they used new exercise to fund the previous funds again. How long can this go on ?
Sure ah? Actually, I also am wondering why suddenly so many ASM etc n etc made available.

Sentinel
21-07-2009, 03:53 PM
Sure ah? Actually, I also am wondering why suddenly so many ASM etc n etc made available.Simple mah, the take-up rate by the Bumiputras were poor. The rich ones can only take 20,000 units max and the poor cannot afford to subscribe. So, to have the fund fully operational, they need big capital /funds so they open up lah... its quite transparent looking at the brochures and prospectus, forget about the other allegations lah, its guaranteed investments anyway. They fail they will lose power because majority unit holders are still the Bumiputra portion.

Phres
21-07-2009, 04:31 PM
Got mine from Maybank in 45 minutes. no sweat :D

yyhhcc
21-07-2009, 04:46 PM
Last time I queue up for 4 hours and didn't get anything. So this time, I am not going to buy again.

I think it's a scam. They use current exercise to fund the previous amanah.

When they don't have money , then they used new exercise to fund the previous funds again. How long can this go on ?


a very well covered Ponzi scheme...even Sentinel fall for it.. :eek:

cskok8
21-07-2009, 06:12 PM
Me too... bring four cousins / nephews with ICs, over in 1 hour! Have to buy them pasembor and make them sign transfer forms.... :D

Wah, Sentinel, don't trust your cousins/nephews??
;)

AaronOng
21-07-2009, 06:17 PM
Actually I don't know whether the Amanah Saham thingy is a scam or not but if any thingy is divided into bumi this and bumi that, please count me out.

If Jibby is really serious about his 1 Malaysia, let's see him introduce 1 Amanah Saham without any bumi this and bumi that crap.

No offense to my Malay friends and forummers.

Sentinel
21-07-2009, 08:52 PM
Wah, Sentinel, don't trust your cousins/nephews??
;)Not say don't trust... read my 'signature' below again....I am a sucker for Murphy's Law, thats why the managers who worked for me all these years have grey hair while mine is still all blacker than black.... :D

Sentinel
21-07-2009, 08:56 PM
a very well covered Ponzi scheme...even Sentinel fall for it.. :eek:
This is not the first time I have subscribed to ASN schemes my friend. So far, touch wood, they have been paying between 6.5% to as high as 14% over the years and in the last 10 yrs I have had no problem... if I say I laugh all the way to the bank, then people will say I am cocky again. The truth is the investments had been the best in my portfolio, except for real estates lah...

bslee
21-07-2009, 08:59 PM
Simple mah, the take-up rate by the Bumiputras were poor. The rich ones can only..........snipped

You really think so?... Do you think the "Bumiputra" are only from one particular ethnic origin ah? On the quiet, I've witnessed another brand of bumis also with fat bank accounts and ready cash you can't see at all that take up this kind of offers and other various bumi only investment schemes. THEY are the real hidden winners and making a fortune out of it all,..ALL on the quiet and very unassuming.

cskok8
21-07-2009, 09:15 PM
Sure you did not just dyed it. :D

Sentinel
21-07-2009, 09:16 PM
You really think so?... Do you think the "Bumiputra" are only from one particular ethnic origin ah? On the quiet, I've witnessed another brand of bumis also with fat bank accounts and ready cash you can't see at all that take up this kind of offers and other various bumi only investment schemes. THEY are the real hidden winners and making a fortune out of it all,..ALL on the quiet and very unassuming.
BS, I agree with your point but the subject is off tangent. I am saying Bumiputras as in rural Malays ok. Your UMNOputras is a different kettle of fish, okay.

bslee
21-07-2009, 09:35 PM
Your UMNOputras is a different kettle of fish, okay.

Unfortunately, Wrong again. its far from them. A mention of Nasi Kandar ring any bells?

Sentinel
21-07-2009, 09:59 PM
Unfortunately, Wrong again. its far from them. A mention of Nasi Kandar ring any bells?I live beside one, used to be bow-tied minister.

He told me he bought his land on which he built his house at special price at RM200 psf. I knew he lied because I bought mine at full price at RM155. That meant he didn't buy coz he didn't know the price...

patrick
21-07-2009, 10:26 PM
Wifey & I got ours topped up by another 20k within 45 minutes. We have invested in ASM since the first time they launched it. Also the Wawasan 2020. No complaint. Anyway, not much other options besides stocks and shares. But I am a bit upset with stocks and shares since they implement the single tier tax.

bslee
21-07-2009, 10:28 PM
But I am a bit upset with stocks and shares since they implement the single tier tax.

There MUST be some way obscure way they'd bleed you. You're not supposed to earn too much..no? :)

Sentinel
21-07-2009, 10:37 PM
There MUST be some way obscure way they'd bleed you. You're not supposed to earn too much..no? :)Not really lah BS. If you look at Unit Trust companies like Public Mutual, the initial management fees and then the subsequent fees for sales, transfer etc adds up to a fair bit. Its the same with ASN but on a smaller scale. In the past 10 years, I have not traced anything out of the ordinary they have deducted. I find their prospectus and quarterly reports as detailed and transparent (as they can be lah...) as other unit trust companies. I know you are surprised but so was I in the beginning....

The other thing that surprised me too was, being sceptical in the beginning, I was pleasantly surprised some of the dividends pay-out for those portfolios I owned (as a non-Bumi) is the same and sometimes more too, than those Bumi units...

pucman
21-07-2009, 11:50 PM
The other thing that surprised me too was, being sceptical in the beginning, I was pleasantly surprised some of the dividends pay-out for those portfolios I owned (as a non-Bumi) is the same and sometimes more too, than those Bumi units...[/FONT][/SIZE]

Since you're the ASN expert here, mind telling me if I do a premature withdrawal after one or two months (instead of one year), will I be able to earn pro-rated dividends ?

Sentinel
22-07-2009, 12:14 AM
I am not an ASN expert and neither do I want to claim to be one. My guess answer would be a NO. How can you earn any dividends even if they are prorated dividends when the final value of the units (ie the profits or losses) are not known yet. I am sure it is the same with other commercial unit trusts. I am also sure they will also deduct the usual management / admin fees if you terminate your investments prematurely.

I think our misconception about ASN here is that they are special compared to other mutual funds. I think the only difference between them and the other commercial ones are they get their hands a lot of new IPOs and special allocations from GLCs plus they get a big first bite at government bonds and treasury bills thus giving them an edge in terms of costing and returns (thus higher returns). Other than this, I think they are just like any other mutual trust funds.

patrick
22-07-2009, 10:50 AM
Perhaps they are also better able to "manipulate" the market due to their HUGE capitalization!

pucman
22-07-2009, 11:08 AM
Wifey & I got ours topped up by another 20k within 45 minutes. We have invested in ASM since the first time they launched it. Also the Wawasan 2020. No complaint. Anyway, not much other options besides stocks and shares. But I am a bit upset with stocks and shares since they implement the single tier tax.

How come you guys are so lucky ?

THis morning i queue up again only to be told 'all sold out'. :mad:

This is the second time in 4 months i 've been rejected after queueing. :(

Sentinel
22-07-2009, 11:22 AM
Last time I queue up for 4 hours and didn't get anything. So this time, I am not going to buy again.

I think it's a scam. They use current exercise to fund the previous amanah.

When they don't have money , then they used new exercise to fund the previous funds again. How long can this go on ? Why do you queue for 4 hours when you mentioned you will never do so again? Also, you think the scheme is a big scam? Funny fella lah you...

praetor
22-07-2009, 01:54 PM
Hahaha, If it is a Ponzi scheme then I pray it will never ever collapse. If it collapses, it means our government is out of money and then it means... jeng jeng jeng.... how I know??? :confused: :rolleyes:

On the other hand, if it is a national Ponzi then we should all join in till we all sink to the bottom of the ocean. But if it is a genuine investment opportunity then go get 'em guys!!!

By the way, I was there at 6.. You think I got or not? :p

pucman
22-07-2009, 02:04 PM
Why do you queue for 4 hours when you mentioned you will never do so again? Also, you think the scheme is a big scam? Funny fella lah you...

after u convinced me it is not scam loh. else u are the one who die first.

Sentinel
22-07-2009, 02:26 PM
after u convinced me it is not scam loh. else u are the one who die first.Do not judge others by your standards... 100,000 units won't kill me, it might cause a small bruise but I definitely won't die from it. Sorry to disappoint you.

PeterHng
22-07-2009, 03:31 PM
just top ours yesterday as well. Picked up the top-up number around noon time at USJ Maybank and asked them what time to come back. Back abt at 3pm and settled by 3.45pm:)

clfoo
23-07-2009, 12:18 AM
I think our misconception about ASN here is that they are special compared to other mutual funds. I think the only difference between them and the other commercial ones are they get their hands a lot of new IPOs and special allocations from GLCs plus they get a big first bite at government bonds and treasury bills thus giving them an edge in terms of costing and returns (thus higher returns). Other than this, I think they are just like any other mutual trust funds.

now to stimulate the mind a bit ... why not epf just let these fund managers manage the money and enjoy easy return buta-buta?

kuma
23-07-2009, 01:17 AM
Also, you think the scheme is a big scam? Funny fella lah you...

:D The last time I saw this was when the country was plagued by those 'Cepat Kaya Schemes', think it was 2007......the very same guys at the office who kept commenting about 'what a #@$% scam it was' were the very ones who got caught off guard when the s#$t the roof. These are the 'secret investors'....cant bear being left out when Dick & Harry make money.

Usually the go in late...when the Ponzi is about to go bust.

gtl
23-07-2009, 09:55 AM
personally, i wud not buy bcs i have very little fate in msian run companies which ASN invest in, so with little accountability on their part, i rather abstain.

bugbear
23-07-2009, 10:46 AM
Hahaha, If it is a Ponzi scheme then I pray it will never ever collapse. If it collapses, it means our government is out of money and then it means... jeng jeng jeng.... how I know??? :confused: :rolleyes:

On the other hand, if it is a national Ponzi then we should all join in till we all sink to the bottom of the ocean. But if it is a genuine investment opportunity then go get 'em guys!!!

By the way, I was there at 6.. You think I got or not? :p
Ha ha...we will never know if it is a national ponzi until it collapsed isn't it? That is why I never put all my nest eggs in one basket. Until then, we all have to live by faith somehow.

Sentinel
23-07-2009, 11:57 AM
Ha ha...we will never know if it is a national ponzi until it collapsed isn't it? That is why I never put all my nest eggs in one basket. Until then, we all have to live by faith somehow.Thats the key, never all the eggs in one basket. Like I said in my response above to Pucman the Pessimist turned Optinist turned Opportunist, if it collapses, I might get bruised but I won't die. The one that will be dead will be the BN government coz all the depositors and unit holders will be at their main door....

Thats my caveat... and thus the little faith Bugbear :D

hackwire
23-07-2009, 12:15 PM
Do not judge others by your standards... 100,000 units won't kill me, it might cause a small bruise but I definitely won't die from it. Sorry to disappoint you.
what a dumb parrot!

kwchang
23-07-2009, 12:27 PM
Hackwire just made another rule violation -

2a - No attacks, threats, insults, name-calling or inflamed speech for the sake of argument.

Therefore a banana for name-calling and argueing in the Forum.
Double banana means a "pisang goreng" - welcome to a long stay at the plantation. You'd have to find out when the gates open one day ...

praetor
23-07-2009, 12:52 PM
Si hackwire, kenapa dengan dia? Biasanya dia baik saja. Mesti ada problem kalau tidak.. HOW I KNOW???

Sentinel, not bad ah your portfolio. I need to get my boss to give me a raise. :p

Sentinel
23-07-2009, 01:24 PM
Sentinel, not bad ah your portfolio. I need to get my boss to give me a raise. :pI have to be very careful too Praetor, to make sure my retirement funds are protected and can last me till old age, what to do.

Speaking of raise, do you think the timing is good now? Perhaps wait till we can all see light at the end of the tunnel first???

praetor
23-07-2009, 02:44 PM
I say bro.. Now that you mentioned it, I don't think I can get a raise till... I see God.

Sentinel
23-07-2009, 03:21 PM
I say bro.. Now that you mentioned it, I don't think I can get a raise till... I see God.Don't despair. The key strategy right now is to hang on with what you have first and ride out the storm these 2 years... I am sure the management will appreciate your contribution if you do a good job these two years.

Despite what many economists are predicting, I am still not convinced we are going to be out of this storm in the near foreseeable future.

Sure, KLCI climbed more than 60 points in the last 5-6 trading days cumulatively but this is not based on economic fundamentals but on the market indices at Dow Jones, Nikkei and Hang Seng, so its still not standing on firm ground.

There are people still being VSS'ed out but these are done very quietly and not even reported in the mainstream media.

My 2-sen advise is hang on tight and ride out this storm, you will be fine I am sure.

patrick
23-07-2009, 06:15 PM
How come you guys are so lucky ?

THis morning i queue up again only to be told 'all sold out'. :mad:

This is the second time in 4 months i 've been rejected after queueing. :(

A lot depends on what time you went and which branch you went to. Some branches are very crowded and hence the processing was slow. So you have to know which are the branches which have a better chance.

pucman
23-07-2009, 10:46 PM
, so its still not standing on firm ground.

.

What I find funny is that since the govt lowered the FD interest rates to stimulate the economy, why ask a certain group to save inside the unit trust with promised high interest rates ?

This govt unit trust is just like bank fixed deposit with guaranteed capital preservation and interest rates.

Sentinel
24-07-2009, 12:39 AM
What I find funny is that since the govt lowered the FD interest rates to stimulate the economy, why ask a certain group to save inside the unit trust with promised high interest rates ?

This govt unit trust is just like bank fixed deposit with guaranteed capital preservation and interest rates.
The bank takes your deposit and lend it out to earn interest and pays you your FD interest. They cannot do other things with your money except to lend, to buy approved government securities like bonds and treasury notes. Banks guarantee you the pre-agreed interest rate and your FD is guaranteed by Bank Negara. Lower risk than unit trusts.

The unit trust don't lend out your money. They practically "gamble" with your money in stocks and shares, securities like bonds and tresury notes and even invest in real estates (for REITs). They make or they lose money. Your income is never fixed nor guaranteed. People have lost their pants in unit trusts. Higher risk factor.

As you can see from my layman explanation above, they ain't the same brader...

tupai
24-07-2009, 02:43 AM
What I find funny is that since the govt lowered the FD interest rates to stimulate the economy, why ask a certain group to save inside the unit trust with promised high interest rates ?

This govt unit trust is just like bank fixed deposit with guaranteed capital preservation and interest rates.

u answered yrself lah!

see the pix in Star front page,whats the demographics? these 'rich' pendatangs are the ones giving 'loan' to the gomen on a promise of >6% ROI...and the gomen gonna use these pendatangs money to 'stimulate' the economics lah...e.g. give soft loans, buy out certain companies, invest in mega projects, all kinda tupainomics lah...

BUT then again, unless u think the BN gomen is gonna fail 100%, yr money is safe lah. GUARANTEED returns better then 2% FD lah. :p

me? Of course i believe the gomen aint gonna fail... them commies aledy dieded long long ago! hahahahah

Yang Berkhidmat utk sendiri latotupai

Carolrasiah
24-07-2009, 03:04 PM
The bank takes your deposit and lend it out to earn interest and pays you your FD interest. They cannot do other things with your money except to lend, to buy approved government securities like bonds and treasury notes. Banks guarantee you the pre-agreed interest rate and your FD is guaranteed by Bank Negara. Lower risk than unit trusts.

The unit trust don't lend out your money. They practically "gamble" with your money in stocks and shares, securities like bonds and tresury notes and even invest in real estates (for REITs). They make or they lose money. Your income is never fixed nor guaranteed. People have lost their pants in unit trusts. Higher risk factor.

As you can see from my layman explanation above, they ain't the same brader...
like the way u put it.............i fully understand & will not have my $$$ gambled away.......if i ever i do, it will be genting highlands.........that is the way to do it.

patrick
24-07-2009, 03:17 PM
like the way u put it.............i fully understand & will not have my $$$ gambled away.......if i ever i do, it will be genting highlands.........that is the way to do it.

Aahhhh...but there is one big difference, to my mind. Whilst the former "gamble" with calculated and educataed risks, the other gamble with the element of chance. To me, that's a BIG difference!!

Sentinel
24-07-2009, 09:19 PM
Aahhhh...but there is one big difference, to my mind. Whilst the former "gamble" with calculated and educataed risks, the other gamble with the element of chance. To me, that's a BIG difference!!
But gamblers think "fate" is a more powerful thing that calculated and educated risks... anyway I always think 19 will come up at the roulette table I play on! I had a dream... :D

patrick
24-07-2009, 11:15 PM
But gamblers think "fate" is a more powerful thing that calculated and educated risks... anyway I always think 19 will come up at the roulette table I play on! I had a dream... :D

Guess you are right. Oh ...19 is also one of my fav at the roulette table!

Sentinel
24-07-2009, 11:20 PM
Guess you are right. Oh ...19 is also one of my fav at the roulette table!
I once started a roulette game at Burswood with a full number 19 payout as the first spin and the last spin 3 hours later, nothing in between. Lost money summore.... so I am one of those who "sometimes" think luck is more important than calculated and educated risks. :D

bugbear
25-07-2009, 11:01 AM
I once started a roulette game at Burswood with a full number 19 payout as the first spin and the last spin 3 hours later, nothing in between. Lost money summore.... so I am one of those who "sometimes" think luck is more important than calculated and educated risks. :D
I am sure all you educated guys out there know the odds is heavily staked against you the moment you enter the casino? Sometime we spend hours on the table and ended up losing more than we bargain for in the end. But I guess, the fun is in the playing part that pulls a lot of unsuspecting fellows to the game in the first place. Otherwise, my advice is to just hand in your money at the counter and then take your leave. This way, you save your precious time and also losing money at the same time. The outcome in the end is the same in both instances. QED. ;) :p

Sentinel
25-07-2009, 12:31 PM
I am sure all you educated guys out there know the odds is heavily staked against you the moment you enter the casino? Sometime we spend hours on the table and ended up losing more than we bargain for in the end. But I guess, the fun is in the playing part that pulls a lot of unsuspecting fellows to the game in the first place. Otherwise, my advice is to just hand in your money at the counter and then take your leave. This way, you save your precious time and also losing money at the same time. The outcome in the end is the same in both instances. QED. ;) :pOf course, I am aware of the odds stacked against me Bugbear, not to worry. I only try my luck and have some fun in Genting once a year, on the 6th day of every CNY when me and varsity mates meet for our annual reunion... food at Gohtong Jaya, music and songs and drinks up in Genting, gamble and take photos and yak about friends and family and till the next year.... those sojourns into Burswood and Vegas are holiday stints lah brader...

tupai
25-07-2009, 02:58 PM
my partner's brother came back from spore for a hol...he took the parents to genting for a weekend. This chappie is not a gambler but while strolling in, he decided to change rm50 in coins to 'play' the 1-arm bandit (actually now is a push button bandit)...Afetr his dunno how many tries, this lucky fella struck the jackpot of RM130,000+ loose change! :eek:

Talk about (_!_) luck! :D


Yang Bertuah sket-sket latotupai :p

bugbear
25-07-2009, 05:00 PM
Of course, I am aware of the odds stacked against me Bugbear, not to worry. I only try my luck and have some fun in Genting once a year, on the 6th day of every CNY when me and varsity mates meet for our annual reunion... food at Gohtong Jaya, music and songs and drinks up in Genting, gamble and take photos and yak about friends and family and till the next year.... those sojourns into Burswood and Vegas are holiday stints lah brader...
I use to tell my friends who are frequent visitor to Genting that whenever they are going there to send my regards to uncle Lim and please do not forget to hand in your money once there and then proceed to enjoy the rest of their stay there. They get a quick laught out of it but proceed to go anywhere and as usual manage to lose money without fail. :D

Sentinel
25-07-2009, 05:24 PM
I use to tell my friends who are frequent visitor to Genting that whenever they are going there to send my regards to uncle Lim and please do not forget to hand in your money once there and then proceed to enjoy the rest of their stay there. They get a quick laught out of it but proceed to go anywhere and as usual manage to lose money without fail. :D
Again, each individual has a different values and perception in life. I don't gamble per se and I approach a round or two of roulette per year as recreation with a limited budget for that recreation each time. While I agree with you, others might have a different view. So, live and let live lor...

Even then, both wifey and I, though we play some of these casino games once a while, will never agree to work for Genting, Magnum, Toto, GAB, Carlsberg, BAT etc... its just personal and religious conviction. Others might not agree...

shthang
26-07-2009, 10:54 AM
Occasional indulgence(not addiction) in gambling during special events ie CNY, overseas trip, etc is ok as long as the bets are within your affordability and you won't fret even if you lose it.

For me, i play mahjong (small bets) occasionally with childhood friends to maintain our relationship and also unwind myself from a day's hardwork.

Carolrasiah
26-07-2009, 01:06 PM
Aahhhh...but there is one big difference, to my mind. Whilst the former "gamble" with calculated and educataed risks, the other gamble with the element of chance. To me, that's a BIG difference!!
Oh dear dear me..........so now we are chating on gambling dear dear me

bugbear
26-07-2009, 04:37 PM
Oh dear dear me..........so now we are chating on gambling dear dear me
Actually, it is an off shoot from ASM. The question here, is ASM a gamble? :confused:

silver_bird
29-07-2009, 04:47 PM
Heard from little bird : Announcement launching of Amanah Saham 1 Malaysia on Frday, 31 July 2009 (Confirmed)
Cap at RM50k (Not Confirm)

patrick
30-07-2009, 10:21 PM
Oh dear dear me..........so now we are chating on gambling dear dear me

Oh dear...NO, NO....I wasnt referring to gambling as in "gambling in Genting" but rather the two class of so called investors! Refer to Sentinel's earlier posting.

praetor
30-07-2009, 11:35 PM
Heard from little bird : Announcement launching of Amanah Saham 1 Malaysia on Frday, 31 July 2009 (Confirmed)
Cap at RM50k (Not Confirm)


Sentinel, what is your take on this one? I have put most of my eggs on this cute basket. Can get a little more dough without compromising my lifestyle. The good news is I have no liabilities to worry at this moment. No house loan and not even a car loan to worry.

Sukdershan
30-07-2009, 11:45 PM
Sentinel, what is your take on this one? I have put most of my eggs on this cute basket. Can get a little more dough without compromising my lifestyle. The good news is I have no liabilities to worry at this moment. No house loan and not even a car loan to worry.
As A citizen we should like the ASB allowed to take loans.
HIDUP SINGH !!!!
BANGKIT SINGH !!!!!

Sentinel
31-07-2009, 12:22 AM
Sentinel, what is your take on this one? I have put most of my eggs on this cute basket. Can get a little more dough without compromising my lifestyle. The good news is I have no liabilities to worry at this moment. No house loan and not even a car loan to worry.My take is that your little bird might be wrong... I think ASN has already announced in public they are launching two new funds in September... so I don't know and don't think I should comment on something I am not aware of.

praetor
31-07-2009, 12:37 AM
Let it go by eh? Good time to invest at this moment but one must be prudent and careful lest I get stuck in a tight spot.

Thanks bro.

Sentinel
31-07-2009, 01:02 AM
CNBC asked this question tonight..."is the summer rally gonna last?" Hey, the Dow is at a record high again, S&P also high and Nasdaq also high... unemployment numbers in the US down...

Locally, KLCI has gone up and up (except for last 2 days).... just one example, Parkson (5657) has gained from RM4.74 a week ago to RM5.60 yesterday... hey thats a 18% gain in one week lah...

Isn't there a more exciting playing field than ASN?

silver_bird
31-07-2009, 01:02 PM
Amanah Saham 1 Malaysia

# Sale ........ Wed, 5 Aug 2009 (10 Bil Units)
# Quota ...... Bumi = 50%, Non-Bumi = 30%, Indian = 15 & Others = 5%
# Cap ......... Below 55 yrs old = RM50k, Above 55 yrs = RM100k
# Promo ...... 1st year IPTA = Free 100 units

After 30 days, the remainder would be open to all.

http://thestar.com.my/news/story.asp?file=/2009/7/31/nation/20090731122608&sec=nation

silver_bird
31-07-2009, 01:30 PM
AS1M will be bench-marked against the Malaysian Government Securities average 5-year yield which is currently between 3.7 and 4 per cent.
http://malaysiainsider.com/index.php/malaysia/33843-as-1-malaysia-fund-available-from-aug-5

Take note of one reader's comment.

silver_bird
04-08-2009, 06:01 PM
Thunder usually follow after lightning.
But for sale of AS1M tomorrow, this thread don't seem to build much steam here.
Not interested to invest ?

Ditto
04-08-2009, 06:25 PM
what one malaysia lah when u talk abt 50% to this group, 30% to this group & another 20% to another group..that's crap lah...better go fly a kite

praetor
04-08-2009, 07:14 PM
Actually, this might make some sense... If we follow the American way where the strong lives and the weak left to fend for themselves, chances are that there will many from a certain ethnic group will be similar to the African-American where they will never be able to be get out of an economic pit.

But at this day and age, I fail to see the necessity for a quota. However, this is not for me to decide and I will just wait faithfully tomorrow before work tomorrow. Sentinel, I am sure I can get it.. :D :D

silver_bird
12-08-2009, 05:40 AM
AS1M :-
# To date, 16% of 10 bil units sold
# Chinese quota - 50 percent sold.

http://www.themalaysianinsider.com/index.php/business/34906-16b-units-of-as1m-taken-up-already

Phres
12-08-2009, 07:33 AM
Looks like even the Chinese who someone claims to be "masters" of this nation are unable to take up their quota. :D

blueginger
12-08-2009, 09:35 AM
..or the chinese are too cautious or smart enough not to rush this time.

Whichever way, I am not surprised...I also have not taken up any this time :D

gtl
12-08-2009, 09:59 AM
read the fine print before anyone buy.

smoothead
12-08-2009, 11:17 AM
People, well at least, some people, are smarter now. All of a sudden, you have ASM opening up to a lot of people.

So, these other people flock to the banks and buy, buy, buy, because finally it is open to the other people.

Now, like I said, these people have come to realise that these funds might probably end up in this recently launched venture fund and also to prop up the market, but, not just any counters, you see...so, that is why this time around the response is lukewarm.

Anyway, the people learn fast...you all get the meaning...?...I'm blur!!!

tsd
12-08-2009, 11:21 AM
People, well at least, some people, are smarter now. All of a sudden, you have ASM opening up to a lot of people.

So, these other people flock to the banks and buy, buy, buy, because finally it is open to the other people.

Now, like I said, these people have come to realise that these funds will be use to prop up the market, but, not just any counters, you see...so, that is why this time around the response is lukewarm.

Anyway, the people learn fast...you all get the meaning...?...I'm blur!!!

some people queue up from 4-5am... :eek:

pucman
12-08-2009, 01:01 PM
People, well at least, some people, are smarter now. All of a sudden, you have ASM opening up to a lot of people.

So, these other people flock to the banks and buy, buy, buy, because finally it is open to the other people.

Now, like I said, these people have come to realise that these funds might probably end up in this recently launched venture fund and also to prop up the market, but, not just any counters, you see...so, that is why this time around the response is lukewarm.

Anyway, the people learn fast...you all get the meaning...?...I'm blur!!!

Yesterday, I saw somebody at maybank trying to buy 1malaysia shares and I advised him not to buy because the capital is not guaranteed. Unluckily, he didn't believe me.

Carolrasiah
12-08-2009, 02:57 PM
what one malaysia lah when u talk abt 50% to this group, 30% to this group & another 20% to another group..that's crap lah...better go fly a kite
agree with u..............all this make me sick :eek:

bugbear
13-08-2009, 12:08 PM
I read somewhere that as of yesterday, only 1.6 billions was subscribed out of the 10 billions at hand. What happen? No confident in 1Malaysia?

blueginger
13-08-2009, 12:23 PM
In my case, no confidence if not capital guaranteed...

Might as well, I invest in the share market myself..and if I am chicken / not sure / blur..then I don`t :D

Jennylim
14-08-2009, 04:00 PM
I read from Maybank annoucement, PNB and EPF were buying and selling huge amount of their shares in July, has this got to do with ASW money? The recent hike in KLSE, has it got to do with all the money they collected from ASN, ASW, etc?

Sentinel
14-08-2009, 05:20 PM
I read from Maybank annoucement, PNB and EPF were buying and selling huge amount of their shares in July, has this got to do with ASW money? The recent hike in KLSE, has it got to do with all the money they collected from ASN, ASW, etc?
Not really Jenny. Maybank is in a cesspool itself. They have been directed by the top people from government and Bank Negara to "restructure" their shareholdings and members of the board of directors after the disastrous investment in Bank International Indonesia (BII) which was bought from Temasek Holdings and has burned a big black hole in Maybank.... Main shareholders of Maybank are EPF and PNB. It was alleged that Maybank paid RM1 billion too much to Temasek for the share in BII... talking about due diligence and high-flying CEOs....LOL!

Watch the Maybank counters over next few weeks yah... dun say I didn't tell ya!