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 Hong Leong Cash Builder Scheme

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Bonescythe
post Oct 14 2011, 08:02 PM

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QUOTE(smartinvestor01 @ Oct 14 2011, 06:46 PM)
Please evaluate the total cost or premium you have to pay before saying the returns are nice...
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Agreed.

But saving plans is definitely for a long term running.. If you put it in a long run, yes it is good as it provide capital preservation and good ok ok returns.

It will be a good tool to mitigate risk in the whole investment portfolio.

Too heavy is not good, just adequate will be the best one.. Don't feel stress because of paying it, so you will feel better. smile.gif Cheers
Bonescythe
post Oct 14 2011, 09:22 PM

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QUOTE(smartinvestor01 @ Oct 14 2011, 08:14 PM)
Yape, its a long term commitment, we have to feel comfortable about it..  nod.gif

Any problems with it, the policy will be terminated and ended up in nothing..  brows.gif
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Yea, takes a lot of patient to reap the fruits. If can put 35 years, you can surely see the big effect. If continue putting more, like 40-50 or 60 years, give your children punya children, that kind of amount if really handsome for them to use.

A good tool to leave a good legacy with medium term commitment, ride on the compounding...

But again.. Low risk, reasonable gain, capital preservation, but long term.

If any of your want to have fast return, cool.. That is great, welcome to share trading then..
http://forum.lowyat.net/StockExchange
Fast money, and fast bankrupt as well.. Haha, but with good knowledge, then will be able to make big money and fast return.
Bonescythe
post Nov 24 2011, 05:22 PM

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QUOTE(icebabyx86 @ Nov 24 2011, 03:44 PM)
Sorry r i dont really understand. According to the agent that is guaranteed income ma, you can withdraw the interest every year but not the capital. The agent oso said that at the end of 6 year can get back full capital but dont earn that much. I was like huh?? that what is the guaranteed income for... Bluff wan.
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If I am your agent and you are my client, and you will tell me that you want to withdraw at the 6th year, I will recommend you not to buy at all.
This saving plan is mend to see it's effect in a long run, long term planning. 30 years, or 35 years.

If you want to withdraw in the 6th year, maybe you can choose other investment, unit trust, share market or short term bond.

Unless you are prepared to commit the money, to pay the premium from year 1 to year 6, and to keep it for 30 years, then you will see the power.
Bonescythe
post Nov 25 2011, 12:59 PM

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QUOTE(wschoo26 @ Nov 24 2011, 10:25 PM)
The problem is some agents are twisting the fact and lure you into their lie. I do not blame HLA but there is some misconduct by their agents. I have met the agents twice with my friends...so there is no misunderstanding and I still hold his handwritten writing of how he discuss the plan to me (telling me i get rm43k at surrender at maturity of 6 years). I also have his name card with me. Surrender at maturity of 6 years definitely wont give u rm43k( with annual deposit of rm6k) Look at the attachment. The agent refuse to print out the proposal to me but somehow I have my ways to get it. When he refuse to print the proposal..my doubts set in. I always watchful and doubt when someone told me it is p&c , cant be printed out, be quick to sign up ..left few units only, a lot waiting for it , earn 100% in 1 year, how i left my usd10k job for trading etc etc. When I want to buy a rm3.99 maggi mee..i have the right to read the product instruction how to cook it , the ingredient etc on its plastic wrapping..and this one...is rm6k product..i cant even read it first before i made my decision? what logic is that? Just a basic logic but many are ignorant.
To agents out there...do your sales in sincere manner as clients nowadays are not bodoh. Easy to get information nowadays unlike the old days. However I like the HLA plan as just having pay for 6 years and let the plan run itself is wonderful. 6 years very fast past. Oh yes, please dont pm me for meet up to discuss the plan....thank you for respecting me.
Below is the link to see the proposal which I manage to get.
http://s8.postimage.org/h9656q8cl/IMG_2423.jpg
HLA cash builder proposal
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Is like this.. When people are desperate, they can do anything.
In the view of sales, desperate is good.. Company likes it..
For customer point of view, this agent is a cheater.

Same like MLM, like Amway. No doubt this is a good company, but... Look at the market response towards it.. It is the agent that made it..
Bonescythe
post Dec 2 2011, 01:26 AM

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QUOTE(wu ming @ Dec 1 2011, 10:42 PM)
LOL, very contradicting. Thanks for the advise. laugh.gif
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But that is true. Saving in bank account will rot your $$$
Bonescythe
post Dec 2 2011, 01:11 PM

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QUOTE(wu ming @ Dec 2 2011, 01:48 AM)
So do you mean that the Cash Builder Scheme is better?
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No.. Depends on your appetite.

You want cash builder, make sure you are committed for 6 years in payment. And then commit another 24 years to let it grow mushroom and fungus..

After 30 years, then only you will see a good big pile of mushroom
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