I was just reading something about investing in ASB the other day when another topic somehow distract me from my reading. While it’s still discusses about investing in ASB, but it touches on a topic that i don’t already know yet. So far, i’ve known the few ways you can make money investing in ASB – hard-saving your own money, or take loan to invest in ASB. But using overdraft, or OD in short, to invest in ASB – now that’s something new that i haven’t really heard about.
The premise is simple – you take money out of your OD account at about 6%/annum interest, put in ASB and earn something like 8%/year dividend. While i don’t really have the details yet (still working out the budgeting and planning on this), i saw how the calculations was made and i must say that i’m kinda impressed.
And of course, there’s another school of scholars saying that Muslims shouldn’t use OD to invest, or rather, not even take any loans at all for ASB. For them, it’s a sin. Like i care. Let me find out more about this OD thing and see if i can come up with something 
Why can’t non-Malays, especially poor ones, have access to ASB? That’s racism, and social inequality, isn’t it?
And also why all the super-rich Malays can still have access to ASB when they don’t need it?
And why is ASB’s dividends higher than ASN? The managers running ASN’s investments are crappier, or just forced to be racists?
ghorl:
firstly, calm down.
secondly, read what ASB means – Amanah Saham Bumiputera.
Thirdly, the non-Bumi (not non-Malays) have access to ASM (Amanah Saham Malaysia), which, pay quite well (although not as good as ASB).
Fourthly, Malays are Bumi, and it didn’t matter whether they are rich or poor – they can invest in ASB. There’s always a limit of investment of RM300k/account, and 1 person can only have 1 ASb account.
Fifthly, ASN is a free-for-all trust fund, where the price changes everyday, like your usual stock market. ASB is a kinda fixed & safe trust fund.
Although i don’t really agree on your racist remarks, but i allow your comment anyway. I may be wrong in some of my response above, but i wrote based on what i read in the prospectuses available.
ASB is an investment vehicle which is very conservative.. Do you want to earn 6-8% per annum?
I don’t think so. If you have money, do you still want to invest just for 6-8%?
I would prefer go to move higher gain Unit Trust rather than ASB.
It is not about Malays or Non-Malays but if you have financial intelligence, i don’t you will invest in ASB.
For a start, yes but not for long..
Think about it! Bring up your financial intelligence. FGS
newbie – thanks for dropping by. Of course, like you, i want to go to higher gain unit trust. but my first target is to get my ASB account filled up first – 8% per annum on RM300k, although not much, but it’s still money, right?
Salam semua
Untuk download OD Tracker – tool untuk manage OD dan interest.. silalah melawat ke blog saya.. EmasdanTanah.com
Wida
http://www.emasdantanah.com
Nota pelaburan emas dan hartanah
wida – thanks. but make sure ur link to ur OD tracker is working first ya?