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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
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
The Futurizts Profile picture
Jun 13
I read through the 222-page SST document.

Here’s (almost) everything the current govt considers as “non-essentials”.

🧵Image
1. IMPORTED FRUITS

- Apples
- Oranges
- Starfruit
- Ciku
- Lemons
- Rambutans
- Jackfruit
- Longans
- Papayas

As long the fruit is imported, it will be taxed, regardless of whether its counterpart is locally produced. Image
Image
2. Almost ALL cooking oils (except palm oil):

- Corn oil
- Olive oil
- Coconut oil
- Sesame seed oil
-Rapeseed (Canola) oil
- Any other oils (vegetable or animal based) Image
Image
Image
Image
Read 14 tweets
The Futurizts Profile picture
May 19
I went to Kyoto and Osaka for 9 days.

These are the travel tips I wish I knew.

🧵Image
Image
1. Book a hotel that’s within walking distance of the subway station.

Don’t hesitate to spend a bit more for a comfortable and spacious room.

An extra 30 sq ft means A LOT, especially when you’re carrying big luggage.
2. LEGROOM for flights is important!

The travel time is about 7 hours, so try selecting spacious seats.

For me, I booked MAS' premium economy and chose the front-most row.

The flight was RM5,925 for two people, thru and fro.

Expensive, but well worth it. 💯Image
Read 14 tweets
The Futurizts Profile picture
Apr 30
It’s not just Nasi Lemak.

White Rice: +73.7%
Chicken Satay: +113.7%
Roti Canai: +71.1%
Beef Meat: +98.6%
Cockles: +400.3%
Big Onion: 139.4%

🧵 Image
Image
1. Meanwhile, the reported national inflation rate during this period (2011-2024) was 28.7%.

The annual average was 2.05%. Image
2. But the national inflation rate tracks a wide basket of goods and services.

For a more accurate comparison, we have to look into the inflation rate of Food & Beverages.

In this case, the group experienced a 47.9% increase in the past 14 years, averaging 3.42% per year. Image
Read 10 tweets
The Futurizts Profile picture
Apr 5
What are tariffs anyway?

And what does Trump aim to do with them?

If you have no clue of what’s happening and how it will impact you, read on to understand more.

🧵
1. Tariffs are a tax placed on foreign goods entering the country.

They are usually implemented to protect local producers and strengthen domestic supply chains.

This is why buying local stuff is (usually) cheaper than imported goods.Image
2. Who pays these tariffs?

The companies that import foreign goods into the country will have to pay the tax.

However, these companies can choose to

• pass some (if not all) of the cost to consumers, OR

• import fewer goods.
Read 15 tweets

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