INSURANCE

please go to bnm and see prudential is licence under what.

This is how the insurance companies teach the agent. I'm 99% sure it's investment-linked plan. you wait 10 years before can break even la.

Insurance agents have been selling it like this.

"you take it as savings lo, every month put RM200 in"

"Anytime you want to withdraw, also can, when you need the fund for any emergency"

Subject to if you have money to withdraw in the first place, it's a lot of money being deducted for the charges. want to see some $$, wait 10 years ba.

Edit: not be too focus on these sales person, would like to let you know that it is insurance with investment element. i wouldn't call it investment in the strictest sense


This post has been edited by adele123: Aug 8 2014, 03:51 PM

Actually UT is for longer term than 2 years. 2 years is very short. If market condition is not favourable, there’s a chance you may not even breakeven in two years due to high sales charge by distributors, at about >5%.

And there’s no MAGIC formula on which is the best fund to invest. At your risk level, you can look at equity funds. but if you need the money in 2 years' time, i'm not sure if what is right for you.

You may check out Fundsupermart thread. DIY unit trust investing, sales charge up to max 2%.

FSM tutorial

This post has been edited by adele123: Sep 22 2014, 05:12 PM

When? Does that matter? Point is, now you can.

the latter, well even if it's true it's a different time now.

If you are selling insurance, please dont mask it as an investment product. Very unethical.

Also... yes... epf do invest overseas, that really doesn't correlate with why epf can consistently pay 6%+

You should have received something for your initial contribution with CIMB. Regardless of initial amount.

For the RM500 that you were told, it's actually called youth incentive and it's applicable to all other ppl who fulfills the age criteria. I never received any later saying that the RM500 has been paid to my PRS account. It will however be reflected in your annual/semi-annual statement from CIMB since it's supposed to show everything. The RM500 should be paid to your PRS account end of April.

UT, need to know when you invest, which fund you invested. It could be market is bad, and you were just right place wrong time, etc.