investment?, a thing tat better than investment
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 Sep 20 2006, 10:15 AM
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#1
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Senior Member
1,059 posts Joined: Mar 2006 From: KL  
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QUOTE(dreamer101 @ Sep 20 2006, 08:24 AM) Rule of 72. Double the money after 10 years, so rate of return = 72/10 = 7.2% per year. Thanks, dreamer for this info. This is the first time I heard of Rule of 72...Dreamer  If the plan guarantee we can get double of the capital in 10years, then this is a good saving plan...I don't think there's saving plan giving return higher than 7%. Although investment may give us more return, there is risk associated. |
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Sep 20 2006, 12:03 PM
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#2
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Senior Member
1,059 posts Joined: Mar 2006 From: KL
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QUOTE(cherroy @ Sep 20 2006, 10:43 AM) It is common mistake of people make, when said the one investment can double the capital in 10 years or so, it sounds great but in real fact, it is 7.2% annually. For sure we must be clear about all the terms and conditions of the scheme. If you feel that you have the extra money and looking for a low risk long term saving plan, then this is the option. 7% return is considered ok, as the inflation commonly around 4%.Although it is an ok return rate attactive than FD but bare in mind you have to commit for 10 years before can see the fruit. It is an insurance scheme so if you terminate half way so you may lose out depended on their rules. So one need to find out what rules are stated in the scheme, don't just blindly invest in then regret, 10 years is not a short period. |
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Sep 20 2006, 03:16 PM
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#3
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Senior Member
1,059 posts Joined: Mar 2006 From: KL
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QUOTE(feralee @ Sep 20 2006, 01:59 PM) i heard new from OSK-UOB offering gurantee investment The fund is called BRIC...This is a capital guarantee fund, so your capital is guaranteed to be returned to you after maturity. It takes 3 years to maturity date. They expect 10% return p.a., but this depends. Anyway, you won't loss your capital after 3 years. The minimum investment is 5k...u wont loose money either u get return will get 13% per annum or get back the full amount of the money u invesut but min is rm5k anyone know bout it?  |
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