Maybank PremierValue Savers Plan

Ok. I think this plan has been asked earlier by a person, i forgot your nick already. I went to the nearest Maybank branch and I checked out on this plan. So, what is this Maybank PremierValue Savers plan?

As explained by the Financial Executive to me.

Generally, this is a 3+1 plan
I will list down the 3 things and I will explain them one by one.

1) Saving
2) Invest
3) Protection

1) Saving
Off coz. You need to have a savings account with Maybank before you can embark on this plan. So, how it works? Every month, a minimum of RM100 to a maximum of RM480 will be debited from your account to be invested into mutual funds which are off coz, handled by the bank. The amount that you want to invest between RM100 to RM480 depends on you. And off coz, this is a long term investment plan, and by theory, it is a 100 years old plan. For sure, not many of us can reach that age, so it is just a theory. You can stop the plan any time you want.

2) Invest
As explained earlier, the money debited was invested. The return per year is approximately 3-12%. The lowest they paid out before was 3%. Usually, it will be around 5-8% per year.

3) Protection
Ok. In simple words, this is an insurance scheme. RM6.40 will be taken from the amount of money debited and will be put into this protection part. What does it protect? 2 condition. One is Death and another one is Permanent Disability. If any one of these two conditions happens, they will be paying RM50k to the beneficiary.

Thus, assuming that RM100 is debited per month, RM6.40 will be gone to the protection, leaving RM93.60 to be invested. Off coz, you can go to a maximum of RM480 per month if you want. I think this is not really a bad plan but it requires a long period of time. Moreover, you can start with RM100 per month and if you are not satisfied, just stop it. What I dislike is the RM6.40 deducted for the protection. But well, an extra protection doesn't hurt. I actually started this thing, just to try it out. A return of 5-8% averagely per year is not that bad. So, if you can part with RM100 per month for some long term investment, why not?

Hi... I dont know if this is the place to ask this questions but I am so lost in these things...

The China's Yuan is being undervalued to boost the export. Now, US is pressuring the Chinese to re-evaluate their Yuan, rite? Since the Yuan is going up, how does this actually affect our currency, which will also be stronger if Yuan is on the rise. And also, how does undervaluing your own currency boosts export? Why does US so concerned bout this?

I tried to figure it out but I guess I am just now a business oriented guy... lol