ASB 2023 - My Thoughts And ASB Financing Calculation

PNB just announced a 5.25% dividend for their flagship fund, Amanah Saham Bumiputera (ASB), for 2023.
I share my thoughts on it as well as show a comparison of directly investing into ASB vs investing via ASB Financing
Apply for ASBF via Maybank (www.maybank2u.com.my/maybank2...)
⌚ Timestamps:
00:00 ASB 2023
1:20 Why invest in ASB
2:47 ASB dividends and dividend split
7:03 ASB's role in my portfolio
7:40 ASB vs ASBF comparison in 2023
14:37 Why I'm continuing my ASBF in 2024
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#TheMillennialFinance

[@haziesthoughts3869]

coming here from X!

[@MillennialFinanceMalaysia]

Thanks for supporting!

[@harisz9976]

I would like to ask, I have no problem to pay my ASBF. But the interest 4.7% I have asked the bank and they cannot reduce the rate. Is it better I terminate and just take a new ASBF without or lowest takaful with higher financing amount?

[@MillennialFinanceMalaysia]

Yep I would give it a try. Speak to Maybank and see if they can give you what you’re looking for

[@wheelchair89]

The background music is kinda distracting. Other than that, the content is bomb

[@MillennialFinanceMalaysia]

Thanks for the feedback!

[@2025Lax]

for non bumi, can I take ASBF loan and invest in S&P 500?

[@MillennialFinanceMalaysia]

Nope, asbf loan is purely for asb haha the money doesn’t go to your bank acc

[@muhammadadibhakimi1286]

I want to ask should I put my money in versa or asb as emergency saving?

[@MillennialFinanceMalaysia]

Personal preference. Versa is slightly more liquid since asb has a max monthly withdrawal of RM2k

[@muhammadadibhakimi1286]

@@MillennialFinanceMalaysia Im 21 this year so for long term should I go with asb. I don't have plan to withdraw the money, just want to have some fund for my future 😅

[@muhammadadibhakimi1286]

The apr on asb is higher right as for versa you still have to pay for the management fee of 0.3 something right?

[@muhams82]

Only thing for Muslim. US ETF not syariah complaince. HLAL is a good option though

[@lutfilhady1998]

There’s ISDU, ISDE and ISDW iirc

[@MillennialFinanceMalaysia]

Yep HLAL is decent, check out SPUS too :)

[@muhams82]

Thanks! will check those out as well.

[@SaadonAksah]

Well I dont know I must be old school as I would rather not having any loan except for buying property 😂

[@MillennialFinanceMalaysia]

That’s understandable, lots of ppl are like that. Not an issue haha, end of the day it’s preference

[@Vincentmiaw99]

I still invest directly to ASB amd now GX Bank

[@MillennialFinanceMalaysia]

Good choices!