3.33 billion units are up for grabs for ASM starting April 21st (which was yesterday) and 2 billion units for ASW 2020 starting April 27th. However, each account holder is limited to only 20,000 units for both ASM and ASW 2020 respectively whether it's for additional or new subscription.
I have bought units from both ASM and ASW 2020 and I think they are pretty good investments to fight inflation!
I bought ASW 2020 units back in 1996 just before the financial crisis in 1997.
Here's the dividend paid out at the end of August every year thereafter.
Year Dividend
1997 - 10.10%
1998 - 9.80%
1999 - 8.20% + 2.00%* = 10.20%
2000 - 8.80%
2001 - 7.25%
2002 - 7.25%
2003 - 6.60%
2004 - 7.00%
2005 - 7.10%
2006 - 6.80%
2007 - 7.00% + 1.00%* = 8.00%
2008 - 7.00%
*Special additional dividends
I still remember a close relative of mine bought 100,000 units at RM1 per unit back in 1996. (50,000 units for himself and 50,000 units for his wife). When they received the dividend payout of a little over RM10,000 (it's 10.10% returns in 1997), they spent the entire amount for a holiday in USA. It's like a completely free holiday to them!
I bought ASM units in year 2000, and here's the dividend paid out at the end of March every year thereafter.
Year Dividend
2001 - 7.80%
2002 - 7.00%
2003 - 6.60%
2004 - 7.00%
2005 - 7.20%
2006 - 6.75%
2007 - 6.80%
2008 - 7.80%
What do you think? Are these good investments or not?
If you have lots of money kept in the fixed deposit or savings accounts in the bank, it may be a wise move to take those money out and transfer into these higher yielding unit trust funds!
I wish I can buy more units but unfortunately, I do not have enough extra cash at the moment for investment! How sad!
Well, don't be like me! If you have the money, grab this opportunity and invest your hard earned money!
FIRST COMMENTER
Get free travel blog widget
48 comments:
CHOP!
Yay!!!! FC!!
Wow! How nice to go on vacation with the "free money" eh? Thanks for sharing Foong! :)
The dividend payout is good. Better than keeping $$ in FD.
Thanks for the tip! I am terrible at any kind of investing!
It is a good investment if you are not a risk taker. The dividend payout beats the pathetic dividends of FD and bank savings. But the FD rate during economy crisis is so high 11%. It beats the ASW 2020. I have put some in ASW 2020 long long time ago.
I believe in investing on my favorites! My wines and whisky. they do appreciate you know... And also on myself so I can get a rich man and get married. isn't that a good ROI?
Were you first in the queue? :)
A lot or just a few thousands, the important thing is we put aside some money there, right and get good returns for it.
I'm lucky that as a Bumi, there's always ASB to invest in.
Now you know I am an early bird FC!! Haha...can't beat me eh ;)
Kinda sad looking at USD FD rates. At least Malaysian FD rates are better than US. :(
(Not that I have any investment is USD...)
Mei Teng is an earli bird posting at her blog too. :)
Wow, good stuff the dividends. Now if only I had money to invest :D
mariuca, congrats for being FC today! Yes, it's definitely very nice to go on vacation with free money! : )
mei teng, yes definitely better than FD at current rates! : )
heidi, you are welcome! : )
superman, yes pretty good for low risk investment : )
eiling, wines and whisky are good investment too provided you don't drink finish them all! Haha! Investing in yourself so you can snag a rich man? Pretty good ROI! I think you can do it!! : )
lina, you mean when I first invested long time ago? No, that time the queue was not as long as nowadays.
If you are talking about yesterday, I didn't have the extra money to invest further : (
But I heard there were no queue yesterday. Maybe people were caught unaware of this sudden launch? They need time to take out money from their banks or money that are locked in other investments.
You are indeed lucky to be able to invest in ASB. I heard the returns are much, much higher sometimes reaching 21%. Is that true?
hi..thanks for the info.. but i think this year 2009 only around 6.2? am i right? can u reply in my cbox or post page..thanks a lot. i will add u in to my blogroll..
mei teng, if I really want to beat you, I will just have to wake up early and visit all the blogs before you! Haha! But I think my sleep is more important lah. haha! : )
lina, yes USA FD rates are pathetic. Malaysian FD rates are better, but still can't fight inflation!
Yeah, I know Mei Teng is early bird at her own blog posting too. I also sometimes early bird but in a different way. I set the time for my post to be published in the early morning the night before. Haha!
Foong, thanks so much for sharing.
nick phillips, no money to invest? Just like me lah! Sad!
reenaclaire, I'm not sure about this year. Actually I should know cos now is April already right? Wait, let me check - don't know where I kept the statement! - and get back to you at your cbox or post page.
Btw, thanks for dropping by! : )
:( not invested in those.. :(
Maybe ppl already spent their savings to buy the Sukuk Bonds earlier.
21% return? I wish! Maybe a long long time ago. Before 1997, the returns was better at 14-15% but nowadays it is 7-8%. Still, much better than FD or putting in savings account.
sigh, those 14-15% days are long gone.
wow..this is great///btw whre to buy it? u queue?
thanks for sharing.
the div payout is definitely better than the FD rates.
unfortunately, i don't have a lot of extra $$$ to invest in this schemes. :(
i also invest in ASM but now i'm diversifying my investment into more aggressive investments for higher returns.
Okay, let me borrow some money from taiyilong and invest in those. Hey, any idea what's taiyilong's rate?
Saving is good, investing is something more. Whatever works best for you or anybody, this is a great way to keep your future secured.
Errr... I don't understand shares/investments thingy and I think I'll never will..lol! :D
I would like to buy one, but just couldn't find time to go out and wait in the long queue.
The ASM allocated for Chinese have all been snapped up!
hm,mmm sounds cool men
my mom had an investment but i really dont know the process of that thing
hehhe maybe im too young to know about that
just dropping by here again
have a great day and happy blogging
happy earth day
I just went to SC and found out that my money is sitting there for only about 2% pa. How sad. I am planning to removed it and place it else where may be as you suggested. Big thanks!
KS said: The ASM allocated for Chinese have all been snapped up!KS, exactly as I thought it would be, just like the last time and before. No loss. I'll stick to stocks then. Thanks for the info.
happysurfer, yes all snapped up! Well, you can still try for the ASW2020 on Apr 27th : )
merryn, well you can start on the ASW 2020 this Apr 27th, as ASM allocation for Chinese already snapped up.
lina, now only 7-8%? It's the same with ASM and ASW 2020. I hope it will go back to those double digits! : )
calvaryzone, yeah, sigh...
devi da lil' devil photography, you can buy the units at Maybank or CIMB or even at post offices. Of course, be prepared to queue, which I hate! I'm not buying any this time cos no money to invest! : )
life ramblings, yeah definitely better than FD. Oh, you are just like me - no money to invest! : )
renaye, you are young, so it's a good idea to go for more agressive and risky investments : )
neo, I hope you are just joking! No point borrowing from taiyilong aka loan shark cos the interest you need to pay the loan shark will be more than the dividend you earn from ASM or ASW 2020. In fact, even borrowing from bank is not even worth it!
ayie, you are so right! : )
cashmere, well you can always learn slowly by reading books and asking friends who know. I'm not that good either, just know the basics : )
jam, maybe you pay me 10% of the amount you want to invest and I will help you wait in the long queue to invest for you? Haha!
khengsiong, incredible right?
bluedreamer27, well never too young to start learning! Anyway, the younger you staert investing, the more you will gain! Ask your mom to teach you. Oh, and Happy Earth Day to you too! : )
molly, yes take your money out of SC and place in unit trusts like ASW 2020. Btw, ASM now already fully subscribed (allocation for Chinese)
Have to stick with FD as I've no time to check up the good deals. :P
fd is worthless as the interest cannot compensate for inflation at the moment
Foong, I also don't have extra cash for investment at the moment!
eastcoastlife, what's the FD rate in Singapore?
bengbeng, totally agree with you on that! : )
monica, well, we are in the same boat then. Haha!
I heard in the Star that all the ASN units allocated for the Chinese (whatever they mean by that) had been snapped up. That's one huge sell if you ask me. I guess ASN might be a good investment but remember the first post I had here, foongpc? Lol. I'll still invest in real gold/silver, even more so as the price of gold, and now silver, is predicted to rise due to various circumstances in the current economy. But of course people may disagree with me as that's my personal opinion.
I wanted to invest but I'm not sure if I can make the cut. Because there'll be thousands man! I will try it next Monday! Ha :D
JL, yes they have allocated 30% for Chinese, and all those units were snapped up by the Chinese! Maybe they should increase the percentages : )
tekkaus, try your luck on Monday then! : )
Post a Comment