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 Private Retirement Fund, What the hell is that??

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pustapazik
post Sep 22 2014, 04:13 PM

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if can afford usd$500/mth, can put into Investor Trust Assurance 15yrs savings plan, capital protected, potential upside unlimited, historical payout 12%-14%p.a., (guaranteed 4.3%p.a. worst case)
pustapazik
post Sep 22 2014, 04:57 PM

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QUOTE(wongmunkeong @ Sep 22 2014, 04:30 PM)
wow.. seriously?
Cayman islands and see the red fonts below from it's website.
"
Welcome to Investors Trust
The information provided on this website is not intended for distribution to, or use by, any person in the United States or in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject ITA, or any of ITA’s products, services or affiliates to any authorization, registration, licensing or notification requirement within any jurisdiction in Latin America, the Caribbean, Asia or elsewhere. The website has been created for informational purposes and is intended to be accessed or used only by authorized insurance salesmen or current policyholders that are resident outside of the United States.
"

U must be either very wealthy and not mind the risks involved
or very knowledgeable to manage such,
to invest in this notworthy.gif
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They're members of the Malaysian Financial Planning Council, http://www.mfpc.org.my/membership/corporate-members
If they cant be trusted, why should we trust other members in it too? tongue.gif
pustapazik
post Sep 22 2014, 06:08 PM

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QUOTE(wongmunkeong @ Sep 22 2014, 05:11 PM)
yup, so they are
so is Handsard Group - a huge mis-selling by an consultant to my sister, locked-in 5 years and current losses in USD10K+
the devil's in the T&C + mis- or appropriate selling.

BTW, that ITA scheme you're referring to - is it PRS approved?
ie - tax relief and stuff?
or just suggesting an alternative to PRS?
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Wahh how come losses usd10k? But no doubt I don't prefer Hansard as they do hv some hidden charges. ITA very transparent, charges explained in details. Not sure the scheme got tax relief or not. only know It's under offshore platform, roi is tax free
pustapazik
post Oct 1 2014, 07:45 PM

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Need to be prepare incase another currency crisis hit like 97/98, balance ur portfolio. Don't put everything in RM only, diversify to foreign currency too
pustapazik
post Oct 3 2014, 11:26 PM

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QUOTE(sylar111 @ Oct 2 2014, 04:18 PM)
What if I told you that this time the currency crisis may not just be an Asian one.
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Nobody know, just be prepared :-)

 

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