ICT Zone Ventures - 8% p.a. yield, Highly not recommended to invest
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 Aug 17 2011, 02:28 PM
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#1
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Senior Member
952 posts Joined: Feb 2011  
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QUOTE(michspc @ Aug 17 2011, 02:06 PM) so is it safe to invest? is it too good to be true? 8% nett per annum for 9 years till 2020 8%, almost = to ASB.  is this scheme register with securities Commissions? |
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Aug 17 2011, 05:19 PM
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#2
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Senior Member
952 posts Joined: Feb 2011
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QUOTE(joey85 @ Aug 17 2011, 04:56 PM) means every year enjoy 8% interest and in 9th year (maturity) i can get back my initial capital in full? accrding to the scheme, yes as per below;This redeemable ICT Interest Scheme offers investors an 8% fixed nett annual yield for a period of nine years on a minimum investment of RM5, 000 per ICT Interest. At the end of the nine-year period investors will be offered a full redemption of their investment capital. An investor’s capital is protected within a cumulative nine-year Redemption Reserve Fund which is managed by an established trustee. BUT, NO COMPUNDING INTEREST LIKE UT. U CAN'T RE-INVEST THE DIVIDEDNS. |
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