Everyone is saying that the Market is very bad, a lot of people are losing their jobs and etc. Is this real? I don’t think so. From what I’ve seen from bank this morning, It was showing that a lot of people are having extra money, especially those aunties and uncles.
I went to Maybank at 9:15am today to buy Amanah Saham Wawasan 2020. When I got to the bank, people are already queuing until the entrance. Lucky I have a passbook and just need to top-up, so the bank officer passed me a top-up number which is no. 35. By 9:20am, it only started no.1. So I went back home to work, and got back to the bank at 12:20pm. By that time, it was not as crowded as morning. I went to the counter and asked what number is it now? Who knows the officer said ASW was fully SOLD OUT by 11:45am! And the last number which managed to buy was no. 30! Har, did I hear her say wrongly? To my doubt, I asked another teller, but I have got the same answer!!! I thought that people already bought SUKUK, and ASN before thus this time shouldn’t be a lot of people buying ASW. But it proves that my thought was wrong! Even If people have bought SUKUK or ASN, they still have money to buy ASW. And I guess mainly of them are buying the maximum unit, which is RM20k and made the 9 million funds reserved for non-bumi sold out in just 3 hours+.
So, don’t ever tell me that the Market is bad now, this is so not true and is a LIE. And to all bosses, don’t use this as an excuse not to revise your employee’s salary or bonus because God know all of you are LIAR.