does endowment worth better than FD?
Lots of people are comparing Fd and saving plan, this good that bad whatever.
Either long term or short term, to all forumers, which one you prefer if you have a 50k right now?

Will you diversify or will you just Save ALL IN FD?

*there are so many HLA agents here o.O*

This post has been edited by invisibleccc: Dec 22 2011, 11:44 PM

which company product u are mentioning about btw? there are too many endowment plan le.. depends on theyears and the premiums and the projected return..

as i see, FD could not fight inflation, inflation risk remains bro.
current market highest 3.6% which lock in a year
even RM10,000 x 3.6% = 360 A Year, which is only RM0.98/Day only.
it's morel likely you put the ten thousands under your bed O.o

---

Added on December 20, 2011, 11:48 amagreed, diversify savings is better than lump sum in FD.
well different product different benefits I supposed.

---

Added on December 20, 2011, 11:55 amAgreed, to all newbie HLA agents, please brief more product knowledge.
If not you'll definitely kill somebody in the future.
as i see from the product is more likely a wealth builder or cash builder, not taht saying the product is not good, just have to declare more product information to customer whether which is guarantee or not guarantee bro.

Even Great eastern also, I've met different agencies selling endowment product and they are more likely to mislead and miselling.
UNfortunately I have a little bit knowledge bout FD, insurance and endowment.

And this topic i was not comparing, i was just asking whether is endowment worth than FD which means that is diversifying good?
as if it is good, which endowment plan is THE BEST?

---

Added on December 20, 2011, 11:58 amBasic banking knowledge
Product knowledge
market Rates knowledge
Insurance knowledge
General Knowledge bout endowment
Reason of Saving
Reason of diversifying


This post has been edited by invisibleccc: Dec 20 2011, 11:58 AM

at least there's a chance for endowment to fight inflation?
likewise FD rates are fluctuating, no ones guarantee what ius the rate in the future, even japan is only 0.15% OMG

---

Added on December 21, 2011, 9:39 amproperty was an asset, an investment bro. Lets seperate investmenr and savings k?
FYI, do you know property market bubble going to burst soon?
Unlike real estate, the most valuable thing is you own a land instead of a property.

I see, endownment projected return no matter how, the worst case scenario they'll also hve a guarantee return and you won't lose your capital bro.
yours is TOTAL 10 yrs RM42k.. in how many years time you will get projected return 50k? before you save in an endowment plan, you have to read properly instead of letting agents mislead you.
I've been there before =/

---

Added on December 21, 2011, 9:44 amagreed, most of the people don't understand how endowment works, and what is the projected scenario, and the company performance declare rates and so as dividends. Customers are too blind to understand some basic knowledge about banking or savings.

the only things is those agencies blind them up.
Unless you are an analyst, analyze the whole endowment policy LOL.
Well, endownment are not that bad, just that you have to clearly understand how it works, and are you really sacing in an endowment plan or a unit trust =/

cause there are many unethical agents outside miselling =(

This post has been edited by invisibleccc: Dec 21 2011, 09:44 AM

yes i also agreed with you, but your statement doesn't prove that endowment plan was a worse saving plan also right?
there is no prove for FD and also endowment because we cant foreseen the future.
the only thing is, endowment plan has a chance to build up your savings with only a few years commitment, because definitely we're not putting one lump sum of our saving into endowment wad. Just a diversification.

whoever putting all their savings into the endowment plan, they're just too stubborn with 0 financial knowledge.

oh come on, the thing you were talking bout the job thingy, you cant diversify, whereby money ucan diviersify into many many portion okay.
50k savings:
25% to endowment,
10% savings acc
30% FD
15% investment
10% emergency
10% Etc

what is a person get a 2 year contact job? can he diversify into many portion? =)
I'm not from cash builder, i'm not from any agencies. I'm just trying to ask people's opinion about endowment plan here whereas many people have many different examples and perspective

---

Added on December 22, 2011, 11:20 pmTOTALLY AGREED TO THIS POST
*LIKE*

---nothin' is perfect---
---might have a chace for a better return---

This post has been edited by invisibleccc: Dec 22 2011, 11:20 PM

hey hey, this is what i believe in okay,
i believe that endowment is not an investment
i believe the market will burst in Malaysia, eventually.
sorry we're not debating about goodwill or not. it's just you own a land, you're rich.

oh too bad, you totally don't understand what i'm talking about, the guaranteed return is not about the sce.a or sce.b return, is the base guarantee return, which is below their capital.
i was a part time agent before, in HLA & GE. something like double crossing. so i get to learned both products and the way they run their business.
in either way, i didn't support any one of'em.

here we are talking about, was endowment plan worth or not. Since the future we can't foreseen, you cant said that endowment plan isn't working also right?
nothing is perfect.

IF FD bla bla
IF ENDOWMENT bla bla

it's just a guessing, FD? Endowment? worth or not? it depends.

---

Added on December 22, 2011, 11:35 pmi know that also, becuz what you said is what's happening right now.
some people save money, some people earn commission.
this is how it works, you want a chance to grow your saving, they'll spent up all your money at the beginning few years.

then only they try to give u bek the return.
in other way, which can say that someone is willing buy and someone is willing to sell.
to those who put 500k into an endowment plan, are they stupid?
idk.

---

Added on December 22, 2011, 11:37 pmthe first endownment plan arise in the early 2000's, so there havent been any endowment plan matured yet, unless surrender earlier.
at that time, the endowment plan was 10yrs and 12yrs payment, how could it matured so fast?
are you saying they purchases unit trust in the early 90s?

This post has been edited by invisibleccc: Dec 22 2011, 11:37 PM

agreed to bone scythe =)