Amanah Saham unit trusts are never meant for me. I woke up early this morning to queue up for Amanah Saham Malaysia (ASM) outside post office. When I arrived at the post office, there was only a queue of around 20 persons there. I said to myself this might just be my lucky day. For your information, this is the first time I queue up for Amanah Saham unit trusts. I have decided to move my fixed deposit to Amanah Saham, and why not looking at the steady 7% return per annum if compared to 3% return per annum for fixed deposit.
I reached there at around 0715. From time to time, there were 1 or 2 persons joining the queue in the middle. By 0800, there were like 50 persons in front of me! I calmed myself down with a hope to still able to buy the unit trust. But I was so wrong! When the front door of post office was opened at 0815, everyone suddenly dashed toward the entrance. I was left puzzled there wondering what the purpose of queuing up is if everyone acted so barbarian like this! By the time I got my numbering, it was 95th! In between, many squeezing and pushing at the counter that an old lady had fallen sitting on the floor! I could not take it anymore! I was like so shocked looking at this scene, totally speechless. I walked out from the post office and vowed not to come back for any of the Amanah Saham unit trusts in the future! Why Malaysians are like that? I feel shameful…
With my experience this morning, I draw a conclusion here. Amanah Saham is only meant for 3 groups of people as follows.
1. Rude and shameless individuals. You have to be able to join the queue in the middle, ignoring the angry look of others. You should also be able to push your way to the counter ruthlessly even if you have to push away a 90-year-old nanny!
2. Corrupted and crooked persons. I misheard there are some who paid RM 50 commission to bank and post office officers to get all the procedures done. They will never need to join you in the long queue!
3. Bumiputera (indigenous people). Congratulations! You can buy Amanah Saham unit trusts on any day throughout the year. You can definitely avoid the crowds and long queue!
I do not belong to any of the aforementioned groups. That is why Amanah Saham is never meant for me! What about you?
The Amanah Saham Is Never Meant for Me! by Life Is Like That, unless otherwise expressly stated, is licensed under a Creative Commons Attribution-Noncommercial-Share Alike 2.5 Malaysia License.