Went to bought Amanah Saham Wawasan 2020 this morning at 8.45am (a unit trust fund that have sound performance, around 6-10% per annum). Since I already got an account opened last time, I can just take a number and wait. My number is 34. For those who didn’t have an account, they have to queue up! Heard that the person who get the 1st place came at 6.00am. A young man at position 5 came at around 7.00am.
The best of the story is not how many people are queuing up or how early they came.
There are 100 people waiting to but the fund, but only 1 person manage to buy. Not even the second person! Fund sold off immediately after the first person completes his transaction. haha.
1. There are hundred thousands other people queuing at 808 banks (Maybank, BCB & RHB) and 662 post offices in the whole country to grab the fund.
2. BACK DOOR! Those who have ‘relationship’ with the bank might have been buying even before those who use the main door. ‘Relationship’ can be bank manager’s father-in-law, bank officer’s daughter, security guard’s friend, etc. Today, they said their server is offline and is not able to enter any transaction for the first 20 mins. Offline? Maybe at the back of the office a computer has already been connected and a staff is busy entering transactions for all the back door customers. When the are ‘managed to connect’, it actually means they have finish processing all the back door transactions.
People who know how to use back door and relationship get all the tenders, loans, agreement, license, promotions, grant, sales, etc.