Skim Amanah Rakyat (SARA) 1Malaysia (which offer 32.16% return p.a.) is being opened to public today 30/1/12. The subscription will extend for a year or upon full subscription (most likely finish within hours)
32.16% p.a. mind you! and so far I can't seem to see any catch!
According to the PNB president & group CE
- Investment limited to RM5000 / household
- Investor will receive RM134 dividend every month for 5 years
Here's how you can participate
- Invest with own money
- Invest with bank's money/loan (this is the interesting part) : dividend received RM134 - monthly repayment to bank RM84 = profit RM50 per month. But the beauty is, remember you didn't fork out a single cent and you didn't had any opportunity cost of putting your own RM5k inside. So, we get RM50 per month out of nothing?
Perhaps these are the catches (the eligibility) :
| 1. | Malaysians aged between 18 and 58 years; |
| 2. | Applicants must have a combined gross household monthly income of between RM500 – RM3,000; |
| 3. | Applicants must not be declared bankrupt throughout the loan funding period; |
| 4. | Applicants and / or spouse(s) must not be a beneficiary of other Government special schemes managed by Amanah Saham Nasional Berhad (ASNB) i.e."Program Pembangunan Rakyat Termiskin (PPRT)", "ASB Sejahtera" and "ASW2020-Bandar"; |
| 5. | Applicants and / or spouse (s) do not have any investments in ASNB unit trusts, OR, if there is, applicants and /or spouse(s) (household) have a combined aggregate investment totaling RM10,000 or less in all ASNB products; |
| 6. | Only one household is eligible to obtain the loan funding; and |
| 7. | Approval on applications is also subject to other terms set by the financial institutions. **** DEFINITION OF HOUSEHOLD****Eligible household refers to individuals with gross household monthly income of between RM500 and RM3,000 including the following categories:
How to start?
Something you may want to know though
The distribution of funds is opened to all Malaysians based on the allocation of Amanah Saham 1Malaysia (AS 1Malaysia)I, i.e. Bumiputera – 50%; Chinese – 30%; Indian – 15%; Others – 5%.
Personally I think if we are eligible, why not invest?
The stake at risk is RM5k and it's not even our own money (if taking loan).
Come to think of it, nothing to lose except maybe a little time, effort and minimal cost.
** ps. btw, we know of the 'OBVIOUS' but I'm just sharing from purely point of financial view. I don't care about the motives/the games/whatever |
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