I believe everybody is aware about the New Economic Model (NEM) which was announced by our prime minnister a few days ago which aim to bring Malaysia to high income nation in 10 years time.
However, what interest me more is the news on Government and EPF to jointly develop 3000 acres of land in Sungei Buloh into a new hub for the Klang Valley. If is it true then the property price around the area may increase. This is a good news for property investor.
But, where is the exact location?
There are huge opportunities that we can gain from auctioned property but remember that there are huge traps too. As a general rule, any investment that give an opportunity to make a lots of money also have a high risk of a losing lots of money too.
So, remember that if you want to make money from property auctions, you must know what you are doing. Otherwise, you could lose it all and get a major problem.
Some of the properties being auctioned off are very cheap. Some properties being auctioned off for less than RM20,000. That is less than the price of some second-hand cars.
If you plan to buy a new car and do not know which banks give the best interest rates, you are at the right place. Just bear in mind that, the rate listed below are for new cars only.
The table below shows the current hire purchase or car loan package that banks in Malaysia offer as in March 2010 for comparison purpose. The package may change, so for confirmation, you can check with the respective bank.
For financial end 2009, ASB pays 7.3 sen dividend and 1.25 sen in bonus to the unitholders. In the same period, a total of 6.8 million peoples subscribe to ASB with total fund size of more than RM70 billion. At this size, ASB is the biggest funds that manage by ASNB.
Have you ever wondering where do ASB invest investor’s money?
In summary, ASB invest 86% of the total funds size in Malaysia Stock Market. The remaining is in cash or other income instrument.
The following table show which company that ASB invest into & also unitholder distribution for financial end 2009.
Amanah Saham Nasional Bhd (ASNB) has maintained the rates of income distribution for all three Amanah Saham Gemilang (ASG) funds for the financial year ending March 31, 2010.
ASG-Pendidikan investors will receive 5.5 sen per unit while ASG-Kesihatan and ASG-Persaraan unitholders 6.0 sen and 5.0 sen per unit respectively.
Based on the net asset value (NAV) on March 23, the income distribution translated to a yield of 5.81 per cent for ASG-Pendidikan, 6.12 per cent for ASG-Kesihatan and 5.05 per cent for ASG-Persaraan.