Hong Leong Cash Builder Scheme
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 Dec 1 2011, 09:42 PM
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#1
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Senior Member
1,143 posts Joined: Sep 2008  
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My colleague just ask me to sign up for this scheme.
According to him, this scheme has better return compared to savings in the bank.  The savings plan is for 6-10years. The question.. is do I need this scheme? I save 50% of my income every month. To me, this scheme is suited for people who can't save money well. Any advise for me? Thanks. |
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Dec 1 2011, 10:42 PM
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#2
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Senior Member
1,143 posts Joined: Sep 2008
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QUOTE(MNet @ Dec 1 2011, 10:33 PM) @wu ming LOL, very contradicting. Thanks for the advise. u nid buy coz saving canot beat inflation   |
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Dec 2 2011, 01:48 AM
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#3
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Senior Member
1,143 posts Joined: Sep 2008
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QUOTE(Bonescythe @ Dec 2 2011, 01:26 AM) But that is true. Saving in bank account will rot your $$$ So do you mean that the Cash Builder Scheme is better? |
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Jan 3 2012, 06:58 PM
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#4
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Senior Member
1,143 posts Joined: Sep 2008
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QUOTE(richard168 @ Jan 3 2012, 03:20 PM) Fully agree, I salute you as one of the insurance agent which is not selling this so called "savings plan" which is neither a savings nor investment plan but it's an endowment plan... But most of the insurance agents are marketing this as a savings plan rather than an endowment plan which is rather confusing  to the end buyer. The marketing catch of this product are the high returns in dividends and interests rates which are promised over a period of long time.  Not all people will be able to finish up the scheme and some might not reach the target (death). |
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