QUOTE(netcrawler @ Nov 18 2009, 07:37 PM)
Since your are an agent for HLA, please shed some light on this product for better understanding:
1. Is the 5.5% dividen guaranteed from first year?
2. Is the RM700 for every year just a projected figure for an investment of RM250 per month?
3. Can the bounus distribution accumulate into principal to enjoy 5.5% interest?
4. Could I pay lum sum (let say RM250 monthly, RM18000 for 6 years) so I could have
RM700 + RM990 (5.5% dividen) yield yearly?
Tks in advance
If you want more information, you should PM the user above. He's an agent. If not, you could go to HL website and drop a feedback for an agent (That was what I did.).
But roughly, if I am not mistaken..(forgive me if I have made any mistakes)
Note : Correction to figure : To yield RM700 a year, the investment is RM295 per month. Input for 6 years. Enjoy for 30 years. 1. The dividend is RM700 (based on RM295 savings per month) per year. The dividend is distributed based on the group performance (Hong Leong Group). The 5.5% is just interest to encourage you NOT to withdraw the dividend. If you withdraw the amount (there's a limit), there will be no 5.5% interest for that particular year.
2. As I have mentioned, the RM700 according to group performance....I believe it's just estimated figure. You may earn more, or earn less.
3. 5.5% is on dividend only, I doubt it includes the capital (There is no such good deals on earth
)
4. Yes, if I didn't recall wrongly, you could pay in a lump sum. However, please note,
the interest is on dividend only!= RM700 + RM38.50
QUOTE(ahnien @ Nov 18 2009, 11:40 PM)
kononnya, is every year oso yield the guaranteed interest.
but actually kononnya the guaranteed interest is higher than the actual annual interest rates.
i havent sign up for one but, i feel the package offered is pretty much a good inflation hedger.
but things to consider is: how stable is HL bank. yes indeed. an established bank in malaysia. but during the pass 10years, how many local banks went into merger & acquisitions?? how can we guarantee that HL bank wont go into the same footsteps in the next 10-35years to come?? and what will happen to our invested money IF... IF that day really came into reality??
p/s: cash builders / other type of savings plans offered by many other banks and so on so forth financial institutions / insurance company are ACTUALLY ways to persuade people to deposits money into their banks / institution. its not scam, but basically, the more deposits in a bank, the stronger the instituition & the more revenue they generate. vice-versa
personally, i think HLA cash builder is one of the best inflation hedgers in the market - CURRENTLY. but ther's other factors to consider as well other than jus putting a lumsum of money into a bank awaiting for future yield.
indeed, GUARANTEED annual yields. but GUARANTEE that HL wont fall in the next 10-30years?? a good example: earlier this year - citibank
conclusion: WHY NOT?? its a good package. i would say its better than any FDs in the market or any other GIA (general investment accounts). dun compare with other high risk high return investments (forex, etc)
personal preference applied
It's actually issued by
Hong Leong Assurance, not Hong Leong Bank. This is because, if it's issued by the bank, they could not offer such high interest rates (government restriction). However, for Hong Leong Assurance, they could not just offer this cash savings scheme (because they are not banks), that's why there's small element of insurance attached together with it. The money will be used for investments I think.
Nonetheless, I cannot deny that the group performance is based on Hong Leong Group as a whole, which includes the Bank. I believe even if there's M&A, customer's interest will be taken into account. The acquirer will not be dumb enough to kill its own reputation (there sure will be protests, because some people paid RM8000 - RM10000 per month). UNLESS, Hong Leong declares bancrupt...that's another issue. I am just worried if it's another dangerous scheme similar to the one that contributes to US financial crisis.
There is risk in every investment you make, it's universal fact. The US crisis is one good example and a lesson for all of us. Unless you are buying ASN or other risk free investments.
My conclusion : Of course, if you are an expert in investment, this scheme is nothing for you. For those who are rich and don't know how to investment, my advise is, invest in properties (depends on your selection) and harvest your investment when time is right. As for those earning average income, you could consider this plan.
As for me, the reason why I didn't invest is because I am just too young to invest
Side note : Actually, I believe bank FD rates will increase, maybe to 4% in the future. The economy is improving. By that time, maybe there are better schemes for me
Added on November 19, 2009, 10:05 amQUOTE(hong0228 @ Nov 19 2009, 09:37 AM)
i'm oso HLA agent. hope my answer below is helpful
1. HLA Cash builder got 2 portion which is guaranteed and non-guaranteed.
non-guaranteed is base on the participating fund earn how much every year. Average past 3 years return is 7.42%
guaranteed amount will be given base on the premium you choose.
For guaranteed, you can choose to cash out or accumulate into plan.
if accumulate, example as below:
premium RM4242 yearly, will given guaranteed RM300 for 4 years, then RM700 for the remaining 31 years.
So far is given 5.5%p.a (subject to change) for the guaranteed amount if the guaranteed amount is accumulate into the plan.
The 5.5%p.a (subject to change) will be given out after 1 year base on guaranteed amount you accumulate which same as FD given the 2.5%p.a after 1 year matured.
So far is given 5.5%p.a base on guaranteed amount, it is subject to change. Same as FD, this month given 2.5% p.a, may b next month given 2.0%.pa. So my advise is confirm with the agent b4 you sign for the plan.
2. the guaranteed amount will be given base on the premium you choose.
3. refer to Answer 1.
4. For lum sum, example as below:
yearly premium RM4242, total 6 years RM25452.
[attachmentid=1312031]
B3=B2-D2
B4=B3-D3...
If pay lum sum RM25452 in advance, will given you RM708.53 as a bonus.
You also have the choice to withdraw the advance payment.
example:
If need the advance premium after 2nd year,
you will able to withdraw RM4242x4=16968,
but will take back the bonus pay out early which is RM119.74+RM116.15+RM112.66+RM109.28=RM457.83
your plan will still continue as long as you pay the premium at the 3rd year.
feel free to reply or PM for more detail.
Hmmm...is a bit different from what I heard.
May I know its a combination of which builder?
Note to others : There are actually quite a few builders.....Builder 1, builder 2, builder 3...etc. Some agents present to you only Builder 1 (one builder), but other agents may present to you different combinations : Buider 2 + Builder 5 (a combination).
As for my example, it's just Builder 1, if not mistaken.
This post has been edited by cheekiyaya: Nov 19 2009, 10:05 AM 
Nov 18 2009, 09:37 AM, updated 17y ago
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