Editable ASB calculator

AH, what BS. Only bumiputras (both poor and RICH) can invest more. What kind of “racially fair” country is this?

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Well mr aw, there are lot more way to invest rather than ASB. Emily has plenty of advices in this matter.

http://mywealthplanner.wordpress.com/

Even some investments might produce more return than ASB’s 7 %.

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So… “just go and invest in something else? This is only for Bumiputras?”

Just makes me feel like a 2nd class citizen. I tell everyone I am Malaysian and I contribute to the development for the country. Why are these capital-guaranteed investments available only to Bumiputras? Have they contributed more to the country than I have?

If they are available only to the poor, I can understand. If every Malaysian has the same quota in investing in ASB, I understand. But no.

When I was a student, I proudly tell people, Malaysians live in harmony! There is no prejudice!

What a fool I am.

I’m sure you are a nice guy in person, but it seems that most Bumiputras are just comfortable where they are in the exploitation of the minorities and like you turn a blind eye to the injustices.

I mean, where do you see this going in the long term? Is this fair for everyone? Will we be able to shake hands and enjoy a teh tarik as friends if your rulers insist on unjustly barrring minorities from investments?

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Mr AW..
to clarify on the matter, ASB has a deposit ceiling of 200K.. so.. not so good for those rich bumiputera. :p
as for the interest, 7% isnt that much compared to Mutual Fund that can reap even more from the investment.

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Aside, there is ASW for non-bumi but unfortunately the it;s full already afaik

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You ask why Aw…

Ask and you shall receive..

Oleh: Prof. Wan Mohd Nor Wan Daud

Pembangunan di Malaysia: ke arah satu kefahaman baru yang lebih sempurna terbitan ISTAC

“Setiap darah yang tumpah; di laut, di sungai, di pasir dan di bukit, demi mempertahankan rantau ini daripada orang Siam, orang Portugis, Komunis, British, dan Jepun, kebanyakannya adalah darah orang Melayu dan Islam – to protect and preserve factor. Bukan orang lain.”

Teruskan membaca…

Sesetengah daripada cendekiawan dan ahli politik pernah menghujahkan hak-hak tertentu Bumiputera khasnya orang Melayu berdasarkan kepada isu bahawa orang Melayu datang ke Semenanjung ini lebih awal dari bangsa-bangsa lain seperti Cina dan India. Hujah ini tidak berasas sama sekali kerana tentunya kaum Bumiputera lain di Semenanjung ini seperti pelbagai puak orang-orang asli datang lebih awal. Terdapat juga segolongan yang mendasarkan hak-hak tersebut kepada ketuanan Melayu di mana bangsa Melayu pernah berkuasa di seluruh semenanjung ini khasnya yang berpusat di Melaka ketika zaman kegemilangan Kesultanan Melayu di abad ke-14 dan awal 15 Masehi.

Istilah Melayu yang digunakan masa kini lebih umum sifatnya, tidak sama dengan yang dimaksudkan sebelum Merdeka di mana terdapat penekanan khusus di antara Melayu, Jawa, Banjar, Bugis, Minang dan sebagainya. Bangsa Melayu kini merangkumi semua keturunan-keturunan ini asalkan mereka beragama Islam, berbahasa dan beradat resam Melayu. Hujah ketuanan tersebut juga tidak begitu kukuh kerana kuasa Melayu seperti yang pernah terdapat di melaka itu juga boleh hancur. Bagi mereka yang kehilangan kuasa, apakah hak-hak ang harus dikekalkan bagi anak cucu mereka?

Ada juga yang mengatakan bahawa hak-hak tertentu Bumiputera khasnya Melayu harus dipertahankan kerana kaum Bumiputera seluruhnya merupakan golongan yang miskin berbanding kaum-kaum yang lain terutamanya kaum Cina. Memang semua orang miskin mempunyai hak-hak masing-masing, tetapi hak-hak tersebut tidak harus dikekalkan khasnya bagi mereka yang tidak miskin lagi.

Maka itu saya mengutarakan apa yang disebut sebagai justifikasi sejarah dan moral akan ‘hak istimewa orang Bumiputera khasnya Melayu’ yang tidak boleh disangkal lagi dan harus dipertahankan. Hujah yang akan saya kemukakan bersifat self-evidence. Jika hujah-hujah ini tidak difahami oleh orang orang Melayu khasnya dan seluruh rakyat Malaysia, selagi itulah akan timbulnya rasa iri-hati dan cemburu yang tidak berasas. Dan apabila berlakunya perpecahan di kalangan orang-orang Melayu, isu hak-hak Bumiputera ini akan diperjudikan.

Pertama sekali, peranan orang Melayu yang beragama islamlah, bukan sahaja telah memberikan identiti tetapi membawa tamadun antarabangsa ke rantau ini. orang asli yang asal, walaupun mereka mempunyai keunikan dan kelebihan tersendiri, namun they did not create a civilization of international nature, sebuah tamadun yang bertaraf antarabangsa yang menyatukan orang Minang, Jawa, Banjar, Bugis, Kelantan, Johor dan sebagainya dengan satu bahasa (Melayu) dengan satu agama (Islam). di peringkat antarabangsa, tamadun ini menghubungi kepulauan ini dengan India, Turki, China, dan Afrika melalui Islam dan sebagainya.

Ketiganya, setiap darah yang tumpah; di laut, di sungai, di pasir dan di bukit, demi mempertahankan rantau ini daripada orang Siam, orang Portugis, komunis, British, dan Jepun, kebanyakannya adalah darah orang Melayu dan Islam – to protect and preserve factor. Bukan orang lain.

Seterusnya, bila British membawa orang India dan Cina datang ke sini, para nasionalis Melayu hanya menentang British, mereka tidak menggangu gugat orang Cina dan India. Malah mereka menjadi Tuan rumah (host) yang mesra. Mereka menjadi pelanggan (customer) kepada penjual-penjual Cina dan India dan menjadi jiran tetangga yang baik. Kalau orang Melayu Muslim tidak memerintah dengan baik, dan tidak menjadi pelanggan yang baik maka orang-orang Cina dan India tidak boleh menjadi peniaga yang berjaya sebab majoriti pelanggan adalah orang Melayu.

Ini adalah dari sudut moral, kalau orang Melayu tidak bermoral sebagai pentadbir-pentadbir dan jiran tetangga, orang Cina dan India tidak boleh berjaya kerana orang Melayu akan memeras, menggangu, merompak dan sebagainya.

Seterusnya, nasionalis Melayu tidak mengikis hak-hak tabi’i bangsa lain seperti agama, bahasa dan kebudayaan mereka. Jarang-jarang sekali kita dengar atau kita baca berita tentang sekolah, rumah, kuil atau perniagaan orang-orang Cina atau India diceroboh semata-mata kerana perbezaan bangsa dan agama mereka. Jarang-jarang sekali kita terdengar orang-orang Cina atau India baik lelaki mahupun perempuan dibelasah atau diperkosa semata-mata kerana perbezaan kaum atau agama. Jika berlakunya jenayah, perlakuan tersebut bukan didorong oleh sikap yang membencikan suatu kaum atau agama tetapi sifat jahat yang asli.

Selepas memberikan pelbagai sumbangan sejarah dan moral di atas, orang-orang Melayu, walaupun mereka memegang kuasa politik, masih merupakan satu bangsa yang terkebelakang berbanding dengan bangsa-bangsa lain di Malaysia ini. So these are the historical and moral justifications for the special privileges for the Malays. Bukan kerana kita datang awal, kita tiada harta atau miskin, bukan kerana kita berkuasa sahaja tetapi kerana apa yang telah kita lakukan kepada rantau ini selama ini, historically and morally

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i agree with Toh.
what a detail explaination! bravo…

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erm.. can we let go this small matter aside. coz i don’t really see the positive discussion out of this topic .

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hey Irwan.

I’m wondering if your calculator is an accurate means of calculating what I should have got annually.

I lent some money to my cousin mid year, and he is in process of paying me back including interest lost on my ASB during the time he borrowed. Can this be used to calculate?

I’m a bit of a “bonggol” with numbers. If you could assist I would be grateful.

Thanks

Abd. Rahman Alias

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[...] My last ASB calculator doesn’t calculate the bonus for ASB. In this new version, I implemented an extra algorithm to include the bonus. If you find any glitch or error, please let me know [...]

Hi Jim, to accommodate your need, I tried to compile a new version of ASB calculator that include bonus dividend. This one is more accurate than the previous version. And I think it will suit your need to calculate the outcome of your friend’s loan. check it here

http://www.irwan.biz/asb-calculator-v2/

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Thanks Irwan,

I noted you said “This one is more accurate than the previous.” Does this mean that your calculator will yield fairly close results or will it be able to yield to the cent the same result as ASB would.

Thanks.

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Hi Jim,

‘Yield to the cent the same result’ might be a strong word for it. The calculator just use a single dividend plus bonus rate. So the most accurate result that you will get is when the real ASB use the same rate for 20 years.

To use this calculator, you have to assume yourself the average dividend and bonus rate for the duration of your loan to your friend.

However, the calculator follows the exact method of how to calculate ASB dividend.

And in case you need a calculator that calculate the dividend with different rate every year, just tell me. I’ll edit it for you.

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Hi Irwan,

How do I email you? Don’t want to air my financial queries out in the open la.

Thanks.

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I’ve sent you an email.

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Hi.

Thanks ‘wan. I think we worked out the details. Se-sen dua tu kira halal je lah..

Thanks again for the resource. Hope you don’t mind I email your calculator to kawan kawan I yang giat melabur ASB ni.

Regards.

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hi Jim, I got ur email but still haven’t find any time to put my thought into it.

Sure, pass it to your friends. I’m glad that you do it.

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How many percent was bonus this year and dividend this year? My book update gave me 3 entries:

Pelarasan 2006: $0.00
Pndapatan ASB 2006: $x,000.00
Bonus ASB 2006: $y,000.00

But it doesnt say the percentage.

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you got mail..

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for 2006 it’s

7.3 sen per unit
and 1.25 sen bonus.

you can get some other info here http://www.irwan.biz/category/asb/

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Nuzz, correction, the ceiling for the investment can increase each year, up to 320k maybe more im not sure..Plus if you have many children, thats a bonus too, since you can stash your money using their name in joint accounts. Basically, if you have 2 million to play around with and 10 kids, feel free to put 200k in each account..each year you get rm 160,000 guaranteed free money.

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dear Irwan,
i think this topic is very interesting…
some questions to ask you 1) if we want to make ASB loan, which bank we should choose? i mean that give lowest interest? 2) we only earn positive gain if we make loan and at the same time we invest by ourselves in the ASB account? i really hope that u can answer my question..a bit of confius here

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Hi Irwan,

As far as I have noticed. ASB bonus is calculated by average fund for 5 years divided by 5 and multiply by bonus percentage. It’s not simply added into dividend percentage and straight away get the figure.

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hi irwan..
sy assh 26thn..plan nk wt loan 10k..salary among 1k.. so x tau nk wt loan brape lamer???any sugesstion sir??

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tolong a nk wt loan 10k ni..x tau..
kire nak u tol assist la nieyyy…
plezzzz..

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To all the non-bumiputera readers..
1) Have you checked Forbes magazine? For 5 years in a row, what race occupies the top 10 richest people?
2) Have you look how Singapore handles Malay? See how they ‘define’ 2nd class?

How ungrateful

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how to open this calculator???
i already download it but this calculator not open…
some1 pls help me…
email me mkh_87_cairo@yahoo.com

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Mr Izwan,

i’ve tried to look ur topic and discussion on the calculation. i’ve seen you calculation table as well. can look at it. in my case, say i have some amount in my ASB. but now i would like to make the loan. so how to calculate in the calculator. can u advise?

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sorry..typo..Mr Irwan

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saya orang baru pasal loan ni dan saya amat berminat pasal loan ASB.kalau boleh la saya nak buat gini…

1)loan 10k dari asb selama 25 thn utk rm56 sebulan…setahun pas tu…reloan utk tutup loan pertama 15k pula.so dalam asb ada 25k.kalau dapat interest asb lepas setahun 25k x 7% interest asb = RM 1750..so senang la tak perlu keluar duit lagi mau bayar loan ambik ja dari interest…kalau saya buat gitu sampai asb penuh boleh ke?saya sedang terfikir mau buat macam tu kalau boleh…so kalau ada apa2 pandangan tolong bagitau ok!saya ni bole lah dikatakan “noob” dalam hal2 macam ni haha

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