i brought some premium from maybank and when i received the statement.. WOW YOu know what?? they deduct RM478 for admin fee.. half of what i have invested!! walau eh, never heard sales person in maybank told me it will deduct the amount i paid for a year. how come this fellow do job like that. really sh*t waste my time and money. some more no earning at all. have to pay half year charges for them. i dont trust any more premium or anything.. even UNIT TRUST.. so beware..

ANY COMMENT?

This post has been edited by michaelwong: Sep 23 2006, 01:46 PM

It is like that, which is why it was said in the investment topic there is a craze for people being "financial planner" selling mutual fund, unit trust and etc.

So do beware about these so called "financial planner" who doesn't have a single idea about the financial market yet trying to sell you something just so they can earn something in between.

I'm sorry for your encouter. Do look out the next time whether it is a front end or back end load fund.

I think you bought the premier invest some sort of investment-cum-saving plan. You won't be seeing any earnings in short term. If I'm not mistaken, it's a 10-year long plan. My brother "accidentally" bought that and he has surrendered with a loss of nearly 45% of total premium paid.

You need to consult a proper certified financial planner.

This post has been edited by David83: Sep 23 2006, 09:59 PM

surrender? this kind of fellow (bank) really wanna kill them lar. 10 years duno what will happen. later all the capital lost also duno. better ask bank give me money and let me invest. Actually they need to tell us the cost we need to bear when we invest but they never do.. wht the .. is this call cheat?

Surrender in finance means you terminate the plan and sell the units you got in your hand.

Well, investment always got risk and they didn't provide your guaranteed return like FD or savings.

That's why when buying investment or unit trust product u should always consult people like Financial Planner. Anyway..Its not a good steps to surrender on the 1st year.