Hong Leong bank evergreen fund, Have you heard of this aggressive fund ?
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 Nov 5 2014, 02:44 PM
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#1
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All Stars
10,162 posts Joined: Nov 2014 
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This HLA evergreen is just a saving plan managed by CIMB by buying into mutual fund-like scheme.
The returns are very similar to most of the other company saving plan. The main point is that a saving plan is there to provide you a fixed savings that you put into if you're not the kind of person that saves a lot as a pool of fund for additional fund for retirement or education. |
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Sep 22 2015, 11:41 PM
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#2
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All Stars
10,162 posts Joined: Nov 2014
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QUOTE(frostfrench @ Sep 22 2015, 04:58 PM) I spoke to HLA salesperson last week about this fund. The summary of the conversation are yes, it is an insurance linked investment funds. During the course of my investment, if I mati, yes there're will be an investment payout to my family. This is a long term saving plan.... don't expect to profit in the first 15 years ...Another point is, say i start investment for 30k first year, i have to continue invest another 30k for 2nd year and 30k for 3rd year. If i take out before the 3rd year, sure will not return 100 percent. There's only a profit return after the 3rd year. Can I say only guaranteed profit after 3 years? Am I correct?  |
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Oct 8 2015, 09:19 AM
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#3
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All Stars
10,162 posts Joined: Nov 2014
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QUOTE(Ah Goo @ Oct 6 2015, 11:04 PM) Thank you. Appreciate. It's advisable to get your financial planning check again by someone who genuine is there is help you out and see if it's reasonable to cancel it or not.  dont feel to continue next year . maybe i will cancel it. not sure if i get anything back...If you have any question, feel free to ask me. |
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Dec 19 2015, 12:12 PM
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#4
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All Stars
10,162 posts Joined: Nov 2014
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I wouldn't advise to save inside a saving plan unless you're not a prudent saver or you are good in investing in other areas that will generate you a better return
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Apr 15 2016, 05:30 PM
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#5
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All Stars
10,162 posts Joined: Nov 2014
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QUOTE(primacom @ Apr 7 2016, 03:22 PM) Hi, anybody know how much commission will the agent get when close evergreen deal ? depends on the tenure, I think their plan all revert back to ILP already. 20% of 10k = 2ke.g Yearly 10k deal |
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Sep 5 2016, 08:36 AM
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#6
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All Stars
10,162 posts Joined: Nov 2014
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QUOTE(usps369 @ Sep 5 2016, 08:34 AM) 15 years is too long for most of us here, I think The point is the plan is to force you to save now for your retirement in the future instead of giving high return investment. |
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Oct 15 2016, 11:10 PM
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#7
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All Stars
10,162 posts Joined: Nov 2014
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QUOTE(activexxx @ Oct 15 2016, 10:42 PM) I was approached by HLA agent and he intro me 3 different plans: Guarantee 12%?1. Pure savings plan 2. Hybrid savings (guarantee 12% annual return + interest rate return for Evergreen fund investment) 3. Full investment plan (as mentioned above, invest on Evergreen fund). After researching this thread, I guess better for me to stick back to FD... Please sign me up and the rest of the Malaysian and HLA will be the top company in Malaysia for the next 40 years to come to perform better than EPF. EPF and other glc should also invest all their stocks into HLA. Why need fund managers or stock brokers? |
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