Archive for category ASB
Explaining the ASB Loan Plus OD Method
As I have promised, here is the explanation of the ASB loan with OD facility. You can download the Bahasa Malaysia Version in my earlier post. This is not a step-by-step guide as I haven’t try the method myself. Instead, I will try to explain the concept behind this method.
First of all, you basically need 3 stuffs to make this method working.
- A significant amount of ASB saving (this can be either from your saving or loan)
- An overdraft facility against the ASB account above.
- Credit Card
1. When you have these 3 items, the first thing that must do is to pay all outstanding balance in your credit card (CC) account.
This step is to avoid paying expensive 18% charges by CC providers. Instead, you only have to pay (7%) OD fees.
ASB Loan Plus OD Method – The Beginning
Maybe a lot of investors especially Malays are interested in the method of using ASB loan and Overdraft Facility. Recently I have been able to have a long chat with Bro Lat who get to know this method through his Sifu Awang. With his permission, I’m going to explain mainly about the concept of this much hyped method in the next posts. Right now, I would recommend those who are interested in this method to give a read-through for the document below. The document describes about this method and step-by-step guide in Bahasa Malaysia.
Pengurusan Kewangan Yg Betul.doc
Any questions are welcome.
clarification : The term loan here is not pointed to specific loan for ASB because loan for ASB can’t be used for OD application. Use of personal loan or own money is some of the options.
ASB Calculator v3.3 Usage Tips
Posted by admin in ASB, Calculators on July 8, 2007
We have received a couple of inquiries from our valued readers on how to use the most recent ASB Calculator V3.3. Here are some tips of using it.
First Step:
Here you can edit the start date of your investment and the amount of your initial investment. Nothing complicated here.
Read the rest of this entry »
ASB Calculator V3
Posted by admin in ASB, Calculators on July 3, 2007
Thanks to M. Ridzuan’s time and neater Excel skill, he came out with some modifications to my current ASB calculator V2 and improved it here and there. Here are the new features of ASB Calculator V3:
- Monthly and yearly contributions are editable for every year.
- Users can now scroll the table without losing the headers’ sight.
- Mini Loan calculator to show how much you lose to the bank.
- Starting date and year of investment is now specifiable. Read the rest of this entry »
Previous ASB rate
Gary asked me about ASB rate for previous year. I got this from cari.com.my discussion forum. It’s just from 1990 onwards.
Tahun Dividen Bonus
1990 8.0 6.0
1991 8.5 4.0
1992 7.5 5.0
1993 9.0 4.5
1994 9.5 4.5
1995 10.0 3.0
1996 10.25 3.0
1997 10.25 1.25
1998 8.0 2.5
1999 10.50 1.5
2000 9.75 2.0
2001 7.0 3.0
2002 7.0 2.0
2003 7.25 2.0
2004 7.25 2.0
2005 7.25 2.0
2006 7.20 1.5
2007 7.30 1.25
Check Who are You
Posted by admin in Anatomy of Investment, ASB, Useful and Interesting on April 18, 2007
Investing world is very personal. Some could take bigger risk, while some prefer secure investment like ASB. To know which side you are belong to, you can fill this short quiz and check the result yourself. Just make sure to be as honest as possible.
Here What I got:
Your score for risk capacity is 34:
With a score between 30 and 38 you have the wherewithal to take selective investment risks that includes both stocks – which carry higher risk – and bonds, that have much less risk. You might consider a portfolio that is anchored by large company U.S. stocks — perhaps 40 percent — maybe in an index fund. Include small company U.S. stocks, too, at about 20 percent. International stocks should play a role — perhaps another 20 to 25 percent of your portfolio. The final 20 percent could split between short to medium term bonds and some type of hedge, such as a natural resources fund. This type of portfolio could lose about 20 percent in a year.
Your score for risk tolerance is 34:
With a tolerance of 33 to 41, you have a healthy tolerance for risk with the capacity to match. You have the wherewithal to take selective investment risks that could lose as much as 20 percent of its value in any given year
Now, go there and let me know how are you doing.
Additional Units for ASW 2020 and ASM
Posted by admin in Anatomy of Investment, ASB on March 12, 2007
Via http://mywealthplanner.wordpress.com
Was just informed by my dearest Lil Mom that PNB will be launching additional units for its two funds – the Amanah SahamWawasan 2020 and Amanah Saham Malaysia – on March 12. A total of 800 million units on ASM and 1 billion units on ASW 2020 will be added.
Don’t lose the opportunity to invest in one of the hottest, most wanted Unit trust in Malaysia.
Read more at http://mywealthplanner.wordpress.com
Let’s Compare our ASB Plan
The last post about ASB is getting too long. So here I dedicated a post for visitors’ ASB/other investment plan. The main purpose is to share and discuss about ones’ method. If we got enough examples, we might know which one is better. Here I list some example from some readers.
ayie:
Loan=$20k
Duration= 20 years
Monthly Payment= $157 + 100 extra investment
1) loan method –> Balance after 20 years: $155,726.08
2) Conventional –> Balance after 20 years: $149,149.98
Difference = $6,576.10 (4.409% increase in 20 years)
Mýr
Loan=$10k
Duration= 10 years
Monthly Payment= $115 + 100 extra investment
1) loan method –> Balance after 10 years: $39,411.00
2) Conventional –> Balance after 10 years: $38,474.00
Difference =$937.00 (2.435% increase in 10 years)
Now it’s your turn. Grab this calculator and post what you got. Or you could just give the detail and I will calculate for you.
ASB Calculator v2
Posted by admin in ASB, Calculators on January 29, 2007
update: ASB Calculator V3 is now available
My last ASB calculator doesn’t calculate the bonus for ASB. In this new version, I implemented an extra algorithm to include the bonus. If you find any glitch or error, please let me know 🙂
ASB Rate for 2007
Amanah Saham Nasional Bhd (ASNB) has declared an income distribution totalling RM3.55 billion or 7.3 sen per unit for Amanah Saham Bumiputera (ASB) for its financial year ending Dec 31, 2006 (FY06).
ASNB is also making a bonus payment of 1.25 sen per unit, totalling RM409.82 million, for ASB, versus 1.5 sen per unit last year.
ASNB, a unit of Permodalan Nasional Bhd (PNB), said the income distribution was RM521 million or 17.22% higher than the RM3.03 billion (7.2 sen per unit) paid last year.
Up until Dec 15, 2006, ASB recorded a gross income of RM3.89 billion against RM3.44 billion in FY05, representing an increase of 12.84%.
Resources: TheEdgeDaily.com
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