[COLOR=purple]receive a call from HLB agent said to invest their new mutual fund.... now selling 0.70 cent per unit and they guarantee buy back at rm1.30 after nine years or what ever highest price over these 9 years...

hard to believe.... anyone experience it?

Nothing comes free

copy ideas from insurance.

This is not Hong Leong Bank, this is Hong Leong Assurance evergreen fund(If I'm not mistaken about the name).

I don't really remember the product feature but it's something like you have to buy it at RM1 price now and they guaranteed to give you minimal price of (example: RM1.1) in 10 years time, it's written in black and white.

However, the floor price that they are giving is too low, I've calculated that the floor price they are giving is about 0.5% Compound Annual Growth Rate(CAGR) interest over 10 years time. Anyhow, with this kind of guaranteed return investment, I don't expect the price of the unit will be fly very high, and it's proven with the HLA fund track record over the past 5 years, it's only drop but never hike.

85% return? 9 years, average interest 9+% PA, guaranteed? BULLSHIAT

The only thing with guaranteed return is FD. (but it will not preserve value)

9 months then ok lah, 9 yrs? gtfo.

got give dividen yearly or not ??

what is floor price?

that lady keep saying if drop can buy more, then the return would be better after nine years....
minimum rm3500 per year to be invested....

i also calculated the same way... that why i said hard to believe...

dun think so....

marketing la. the guaranteed return so low. not much difference form putting in fixed deposit.

world is liddis one. if you want no risk, then the return very low (and sometimes very long)

if you want high returns, then you need higher risk. it's almost like a law of nature.

just remember, anything above 5% guaranteed PA is fishy already

you can make much much more with other non guaranteed UT.

scam...

Last year, 3 HLA agents came to see me.

I NBTD, so I layan them. Didn't buy anything.

Also, they weren't hot.

The floor price is the price they are guaranteed to buy back from you in a certain period of time.

it's not scam, just the return benefit worse than FD.

HLA income builder performance
http://www.hla.com.my/promo/IncomeBuilder.pdf

HLA unit performance
http://www.hla.com.my/quickaccess/venture_...rice_graph.aspx

same with this
https://forum.lowyat.net/topic/805771

thanks to all...

but if in black and white written buy now at RM 0.7 and they guarantee buy back rm1.30 after nine years...

or 9.5% pa return which very good....