Try post 117, 119 n also especially post 17.....

This post has been edited by MUM: Jan 16 2021, 10:46 AM

What you were told were not lies but definitely they didnt tell you the other side of the story.

did you check what is the fund price right now for the funds you bought?

example:

1/1/2021 - Price is RM1.0000
1/1/2022 - Maturity guaranteed at RM1.1500

In theory: Return of 15%. but since you have to pay a sales charge of 5% your nett return is 10% ONLY.

Now, IN REAL LIFE this 15% IS NOT GOING TO HAPPEN.

as the fund approaches maturity, the unit price of the underlying investment will CONVERGE to the maturity price. HLA is not running a charity. if they see that the maturity is coming soon, they will buy assets, conservatively, to reach that 1.15. so in actual scenario it will not happen.

So the question you should find the answer to is what is price now and what is the price at maturity, and what is the % gain of the price maturity over current price in %p.a.. i can quite confidently tell you, the gross return is likely around 5% or lesser, and your gain is zero. the gross return has to be at least 7.5% p.a. for you to "earn" above the FD rate.

To put it to the test, let's go to the HLA website again and re-enact my post that i written almost 7 years ago:
HLA Fund Price

let's look at HLA EverGreen 2023 which matures in 2023, not sure early or end of year, i forgot. let's say Jan 2023.

Current Price (CP) 1.1519
Maturity Price (MP) at Jan 2023 1.2358 (same price as my example back in 2014 in post #17). Hilariously the number did not change since then.

MP / CP return is 7.3% over 2 years, if you top up now, you gain a nett 2.3% (-5% sales charge) over 2 years...

I can get 2.3% in FD in one year.

I hope this gives an idea why it's just not making sense for you to top up. Just don't. enough is enough of this stupid investment. time to move on to other actual investment.

EDIT: my example assume the fund matures at Jan 2023. But if i recall, it's supposed to be Dec 2023 (so technically it's like 3 years getting 7.3%, so ya, stop listening to those insurance agents).

This post has been edited by adele123: Jan 16 2021, 02:18 PM

how ur calculation?

HLA 2035
CP 0.9216
MP 1.4221

1.4221 - 0.9216 = 0.5005

0.5005 / 0.9216 = 54.3077% u will gain

Why u say loss?

https://www.hla.com.my/CMS/Investment-Linke...tail.aspx?id=10

because its an investment linked product
and basically for these type of product
it will incur monthly charges


for anyone who interested, please triple think.
for me, i paid 36k and now worth 18k

wholly agreed - Sus! Airlock them all.

lots of calls from Hong Leong... Assurance bwhaaha
They wont identify the last word - making one think HLB. Nowadays i'll just clarify -
IF HLA
THEN auto-reply no thanks bye. hangup
ELSE wassup
ENDIF
XD

very very Sus! Why spoofing HLB? Why selling as FD?
Proven when i "gave chance" 2x, both time also want to argue CAGR calculation in Excel wrong when i point to 2.xx%pa effective AND for such lock-in, siaow/gila/crazy. Sell properly la - sell as FD pulak & impersonate/spoof as HLB

i was stupid that time.. sigh.. anyhow, lesson learned and now i am warning to all potential ''customer''
its one thing wanting insurance ONLY but never ever link/thinking of investment with insurance. (tho i heard nowadays, most if not all insurance are ''linked'')

so damn true, not just HLA/B tho.
i was being polite but keep on bugging until fed up arguing them with facts to shut them up about their ''investment'' is good/high return/better than xxx xxx xxx

This post has been edited by xcxa23: Jan 17 2021, 04:52 PM

no worries - janji we learn from our mistakes or others, we become better and less easy of a target
that's one of the reasons we are in this particular forum

trust me - i'm not smart, i just survived my earlier stupidities & learned
eg wholelife insurances as investment early 1990s, futures trading, wimmin with forked tongue (ok la, that time er. hormones raging ), etc,

my wife oso buy Evergreen 2035 since 2017, but agent told my wife can pay 7 year only n get the money back....

if get back the money in 7 yrs,...if MINUS the agent commission fees, the COI, etc, etc.....just wondering how much left?

Ya lo, my wife said agent mention can get the money out after 7 year, just wonder how much?
May tinggal half only.
My wife pay 3k annually

looking at the performance of the Actual Annual Investment Returns for the Past Nine (9) Calendar Years

sourced
https://www.hla.com.my/CMS/CMSPages/GetFile...A6-3DAFFFD39F31


Attached thumbnail(s)

i know but my wife rela bg org lain komisen pun x mahu bg i komisen...

i said i help to manage n u bg komisen like agent......x mahu dia....

that why i always said she prefer saving plan than UT like this....

CIMB also hv evergreen but no need buy insurance
https://www.cimb.com.my/en/personal/help-su...-account-i.html

I would avoid at all cost
Solely based on their performance

Head over to fsm thread. Lots of members giving helpful insight and data.
On better performance UT

This post has been edited by xcxa23: Jan 18 2021, 03:17 PM

Pretty sure it's at least 40% loss
Just login HLA
See available unit * current nav

Even if you * promised nav,
I am 99% will in the red

what to do

my wife like this kind of product.....

brain wash many time oledi

I last time also kena brainwash eh
Especially the "promised" nav

Anyhow, newcomer
Please be aware.
Do your own research, due diligence

Sorry if this is out of topic, but are all the mentioned plans/products mentioned in this thread similar to an endowment plan?

Because from what I've read so far, it seems to be the same as my Great Eastern plan called Smart Protect Max. I'll have to pay a certain amount each year for 10years, then on I dont have to pay any thing.

may b just charge the wrapping (kulit) aje but inside almost same ....

If I want to sell back my evergreen, what is the charges involved? How many percent of the money will I get back? Thanks.