What's this? You deposit RM5000 in Najib's new Skim Amanah Saham Rakyat 1Malaysia (Sara) as well as you can consequence RM134 per month for 5 years?
That functions out to RM1608 per year (32 per cent per annum) for a lapse of RM8000 over a 5 years (assuming a monthly lapse is not re-invested).
Alternatively, if a RM134 per month is re-invested in further to a primary RM5000 investment to give around RM13000 after 5 years, which would mean an in effect compound interest of tighten to twenty per cent per annum.
No income to invest? No problem; you can steal to invest. You have monthly repayments of RM84 over 5 years (totalling RM5040) upon your borrowing though you get back RM134 per month from your "investment". Wah! So clever Even EPF can't beat that.
Only one problem: Where is PNB investing a income it will raise for it to consequence such a high lapse to compensate a investors?
But then again, a monthly lapse of RM134 it is not going to be since out in cash, is it? More likely, it will be provided to participants in a form of one more Amanah Saham 1Malaysia units?
The scheme, managed by Amanah Saham Nasional Berhad, offers a sum of RM500m to 100000 households "based upon a grant of Amanah Saham 1Malaysia, i.e. Bumiputera 50%; Chinese 30%; Indian 15%; Others 5%".
Is this a new section certitude intrigue with upon trial returns?
Wait a minute theSara websitesays:
Through this Scheme, eligible Malaysians will have a opportunity to request for a RM5,000 loan from participating financial institution to deposit in Amanah Saham 1Malaysia (AS 1Malaysia)I managed by Amanah ! Saham Na sional Berhad (ASNB)*, as well as will receive tasteful inducement payments upon their savings as well as investments.*ASNB is a wholly-owned subsidiary of PNB obliged for managing a AS 1Malaysia section certitude fund.
So it is essentially a loan intrigue to deposit in a section certitude account managed by ASNB.
TheAmanah Saham 1Malaysia fundwas essentially launched upon 1 Jun 2009. It offered 10 billion units for subscription during a fixed cost of RM1 per unit.
Last September,Bernama quotedthe PNB President/chief senior manager military officer as observant which 55 per cent of a units had been subscribed as well as a share since to a Chinese community has been entirely taken up. But a Bumiputera as well as Indian quotas had not been entirely subscribed.
Are they right away charity loans so which a residue can be taken up?
And are a Sara earnings guaranteed? AS 1Malaysia gets a profit from a sale of shares (51 per cent), dividend income from investee companies (37 per cent) as well as investment in short-term instruments as well as other income (12 per cent). Last year, AS 1Malaysia yielded 8.6 sen per RM1 unit, though it gave out 6.5 sen per unit.
we notice a Sara website doesn't say anything about fixed or upon trial earnings upon a investment. Instead, a fine print upon theSara websitestates:
IThe Master Prospectus of a section certitude supports of ASNB dated thirty Jun 2011, a First Supplementary Master Prospectus dated seventeen August 2011, as well as a Second Supplementary Master Prospectus dated 1 Jan 2012, have been registered with a Securities Commission Malaysia as w! ell as a re available during any office of ASNB as well as a agents. Units will be released upon taking of a registration form as included in a mailing in a prospectuses. Before investing, greatfully review as well as understand a content of a above prospectuses.Total lapse upon a investments may go down as well as up. Past performances of a section certitude supports of ASNB are not guarantees of destiny performances.Before investing, pleasantly consider a fees as well as charges involved.(Emphasis mine)
Me? we am all confused. New intrigue or old scheme? Guaranteed earnings or earnings "may go down as well as up"? And more importantly, how will PNB's investment portfolio perform in a entrance years?
- anilnetto
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Courtesy of Bonology.com Politically Incorrect Buzz & Buzz
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