Hi, i am new to investment thingy. For the last few months I have resorted ways of positioning my savings into an investment, from FD to forex. Until recently i had decided to abort the FD and recreate an account for E-FD so to ease my deposit.

Upon cancelling the FD, i was approached by a banker who mentions about equity funds that provide more interest than current FD in a short period of 3 years. I was interested so have decided to sign up for this.

Any expert care to shed some light about this? I wont mind to bleed as the result of this as i still have some basic savings each month.

It is important for you to find out whether the so-called "more interest than current FD" is guaranteed? If yes then by who and is it written black and white.

As far as I know equity fund don't give interest. They give you distribution (depends on how well they are doing).

what did u sign up for exactly?

What is this Maybank Premier Wealth thingy? what kinda equity fund is it?

yeah it earn more that FD

worth it bro

Of course more
...but u could lose ur money too

Premier wealth is for preferred customers right? How did they plan your wealth for u lol

Minimum deposit with MBB need 250k.

Did u sign up for that too? How does it goes?

I was provided with a list of funds that i can invest in, among them i had chosen
1) Etiqa Ins: PREMIER INCOME FUND - 50% allocated, 3yrs, 13.53% return, medium risk
2) Etiqa Ins: DANA EKUITI PRIMA - 50% allocated, 3yrs, 39.78% return, high risk

Upon maturity, the invested amount along with % return is credited into ur bank account.

This post has been edited by Fork: Apr 20 2014, 02:56 PM

Any unit trust, equity fund do not guarantee any return rate for future.

Those are past performance data, which do not guarantee future will be the same, better or worst.

One can lose money in equities unit trust as well, if market condition is not favourable.

Premier Wealth in MBB is a kind of "product" or "service" offered for Private Banking customers. You will need to have 250K in deposit or 1M in loan & deposits. Basically you will be assigned a Relationship Manager to take care of your well-being.

Similar services like CIMB Preferred, HSBC Premier..

looks like some Insurance+Investment mix product only

Ya...I signed up yesterday primarily because I don't have to wait in queue anymore at MBB. All you need is to show your PW card to information and you get to jump queue. Worth it? Definitely.

I never believe all these insurance linked investments...

It also depends on which MBB branch you signed up. Not all are good - I am hitting out on the SS2 branch. The one at Bandar Puteri is OK.

Did you get a gift when you signed up?
I signed up with the Medan Tuanku branch. Didn't really planned to do so but was up there visiting my friend the branch manager for other businesses and he bloody forced me to sign up.
I think I just got suckered big time.

Never used a debit card before and tried it at a petrol kiosk today. When I checked my online transaction, the bloody card deducted RM200 from it. Ya, I know they hold back a certain amount becos it is a debit card. My question is how long do they hold it and will this happen everytime I pump in petrol? Even if I pump in twice a day???

This post has been edited by GI Jie: Jul 24 2014, 11:33 PM

Invest yourself via fundsupermart.
Lower sales charge.

This post has been edited by yw46: Jul 25 2014, 09:30 AM

I didn't get any gift when upgraded to Premier Wealth

Hardly any benefit though, other than being able to skip the queue. But sometimes the counter isn't manned so you end up waiting any (Desa Parkcity branch)

Nope, I get nothing because I was from their Private Banking (which is rebranded to Premier Wealth) so nothing

Oooh , didn't know this.

I'll have to see if can still request for free gift.

Took them months to sort out my debit card as well