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The Futurizts Profile picture
@TheFuturizts
May 2, 2023 • 13 tweets • 5 min read • Read on X
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Amanah Saham Malaysia (ASM) has recently increased its fund size by RM5 billion.

The investment is open to ALL investors on a first come first serve basis.

Here’s a breakdown of everything you need to know about ASNB. 🧵 Image
1. Amanah Saham Nasional Berhad (ASNB) is a unit trust company established in 1979.

There are currently 16 types of funds offered, each with a varying degree of risk.

For today’s purposes, we’ll focus on the ones with the lowest risk - ASB and ASM. Image
2. ASB and ASM are fixed-price funds that are always sold at RM1 per unit.

This means that you can plan your investments without worrying about market volatility or price swings.
3. ASB and ASM both pay decent dividends.

The payout averaged 6.92% and 5.68% in the past 11 years for ASB and ASM, respectively.

During the height of the pandemic in 2020, both funds managed to deliver dividends above 4%. Image
4. ASB and ASM dividends are not taxable!

There are also no sales charge or upfront costs when you start investing, unlike other ASNB funds, which charge up to 5%.
5. Redeem anytime, instantly.

You can withdraw up to 2,000 units (or RM2,000) from ASB or ASM every month through the myASNB app online.

For bigger amounts, you can do so at an ASNB branch. Image
6. What are the risks?

• Returns are not guaranteed. ASB and ASM dividends fluctuate based on market conditions and interest rates.

• All funds by ASNB are not insured by PIDM.
7. How do I register?

i. Download the myASNB app and enter your personal details.

ii. Take a photo of your IC and be ready to take videos/selfies for verification.

iii. Setup your username and password.

*It took us only 10 minutes to register and get approved. Image
8. Additional things to note:

When you login for the first time, ASNB will request you to complete a one-time risk assessment.

After that, you’ll be prompted to make an initial investment of RM10 via FPX. Image
Thanks for reading till the end!

We hope this thread was helpful to you.

Follow us @TheFuturizts to stay updated on the latest market movers and financial matters.

Subscribe to our weekly newsletter for free:
thefuturizts.beehiiv.com
Further readings and sources:

i. ASNB:
asnb.com.my/onlineredempti….

ii. MisterLeaf:
misterleaf.com/11708/amanah-s…

iii. NoMoneyLah:
nomoneylah.com/2022/01/23/int…
You may also be interested in:
More things to note about ASM:

Link:
asnb.com.my/img/banner/202… Image

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More from @TheFuturizts

The Futurizts Profile picture
Dec 1
TNG is in trouble. 🚨

Apparently, a user’s account got frozen without any reason.

• He complained to CS for 3 weeks.

• His ticket got closed, but his account is still suspended.

Let me catch you up with this corporate tea. ☕️

🧵 Image
1. The trouble began on 11 November when the user’s account got suspended for no reason.

There were no notifications, no calls, no SMS, and no emails.

He had 4 digits of savings, presumably stored in the GO+ account. Image
2. Over the next few days, the user called and emailed TNG’s customer service.

At first, TNG requested for verification documents and said the issue will be resolved in 5 business days. Image
Read 14 tweets
The Futurizts Profile picture
Nov 3
The Ringgit appreciated to RM4.1895 against the US dollar this morning. 📈

Could this be due to the ASEAN Summit and PMX?

Yes, but it’s not the only driving factor.

Allow me to explain. 🧵 Image
1. Currencies fluctuate due to supply and demand.

Many factors influence this balance, such as:

• Interest rates by central banks
• Domestic growth & trade
• Foreign investor confidence and capital flows
• Inflation
2. During the ASEAN Summit on 26-28 October, the ringgit strengthened noticeably.

And yes, the successful event boosted investor confidence in Malaysia, which in turn, helped to strengthen the local currency.

But only marginally.Image
Read 9 tweets
The Futurizts Profile picture
Oct 14
🗣️What apps are you using to manage your money?

Me: Image
AEON Bank (My Main Spending Account):

✅ Earn 3% pa in Savings Pots

✅ Up to 4% cashback on grocery spending

✅ 0.50% cashback on debit card spending

✅ Protected by PIDM

✅ Shariah-compliant Image
TNG GO+ (2nd Main Spending Account):

✅ Earn 3.07% pa

✅ Interest paid and compounded daily

✅ Shariah-compliant

❌ RM20,000 deposit limit*

❌ Not protected by PIDM

*You’ll earn ~RM1.70 per day if you max out. Image
Read 9 tweets
The Futurizts Profile picture
Aug 13
If one was born B40, how does one get out of it? 😯

This powerful question was posted on Threads recently, and it quickly went viral.

Allow me to share the top answers. 🧵Image
1. Almost every reply revolved around the power of Education.

One user shared how his father was a rubber tapper and his mother a labourer.

Today, he’s a medical lecturer and a general surgeon.Image
2. Another recalled using Nescafe bottles as pelita (oil lamps), with their mother waking up early to sell kuih and send all five siblings to university.

They’re now nurses, lecturers, and technicians.Image
Read 8 tweets
The Futurizts Profile picture
Jul 30
A few positive things from DOSM’s recent salary report:

• Malaysia’s median wage rose to RM3,000 in March (+5.5% y-o-y).

• The pay gap between genders is now almost equal.

• Wages went up for all age groups.

More numbers. 🧵Image
1. Looking across age groups,

the most notable increase is among workers under 20, whose median wage surged by 13.3% to RM1,700.

^ This is probably due to the implementation of the minimum wage of RM1,700. Image
2. By race:

• Chinese employees recorded the highest median wage (RM4,482)

• Followed by Indian (RM2,900)

• And Bumiputera (RM2,545). Image
Read 6 tweets
The Futurizts Profile picture
Jul 7
EPF, ASB, and ASM take one year to generate 5-6% returns.

It’s safe, stable, and consistent.

But if you want to retire earlier (or more comfortably), you have to explore different assets to maximize your returns.

Let me explain. 🧵Image
1. Assuming your investments generate ~5% per year, it will take about 14.4 years for your current funds to double.

This is a LOONG TIME.Image
2. But if you increased your returns by 2%, the time taken to double your funds reduces to 10.3 years.

That’s 4 years quicker.

And we’re not even talking about extra deposits or investments yet.Image
Read 11 tweets

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