Amanah Saham Bonds
September 11, 2007 – 1:12 pmA couple of evenings ago, I received a phone call from my friend. He told me that the government is releasing a new batch of Amanah Saham Bonds. He wanted to know if it is worth buying. He told me that the dividend could go from 6 - 8%. I am not sure, because the previous market crash, these bonds fell from a purchase value of MYR1 to MYR0.80, or lower, I do not remember anymore.
And, I am not confident of letting a certain group of people to manage the funds whom we know from track record has been using funds like this to bail out GLCs. Why must I put my money on the line to be used to save somebody else’s ass right?
I concede that it is very tempting to buy, though, judging from the large crowds in banks on the day of release. Only thing is, I need reassurance that that the funds will NOT be misused.
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3 Responses to “Amanah Saham Bonds”
I queued up for the fund too. Had a tiring morning…
By Neo on Sep 13, 2007
Hi Neo,
You sound like you managed to buy some. Congrats
By Cyberpartygal on Sep 13, 2007