any agents can PM me and give a general intro/plan/offerings from ur respective funds?

thnx!

P.S just starting to read up on Funds/Unit trusts.. kinda noob

This post has been edited by plankton: Feb 7 2008, 11:57 PM

Guys, I just started investing in an endownment fund with Great Easten. I pay RM335 per month till I'm 55 (26 now) and then they pay me the whole lump sum. Interest is at 7%. Is this a good deal?

If the interest is guaranteed, then it's ok for retirement fund.

It does looks like a good retirement plan...like Jordy said...do double check on the interest rate. Is it fixed? Or is there any possibilities that the interest rate fluctuate/changes?

Besides, can check on whether if u wan to take out the $$ earlier, wat is the charges/penalties & wat happened if u miss out the payment for a month or so

houlierr,

What is that lump sum amount?? 10,000?? Or what?? What is 7%?? Per year?? How do you know that it is 7% per year?? Do you know how to calculate and check whether they are telling the truth??

Dreamer

Yes, its guaranteed 7% per annum.

Becareful to read those tiny and little word in the policy.

I had Endowment insurance also, it is not guaranteed but projected.

I am not sure what kind/type you are taking up, so can't comment on your part but remember insurance company needs to make money to pay tou the interest/return, they won't make a losing business after all. If they can't generate 7% or more return on their capital, there is no way they can pay the policy holders at 7%.

Just my 2 cents.

Cheers.

houlierr,

How do you know that it is actually 7%?? If you are so sure, why you DARE NOT tell us the exact amount and we can audit the number for you. Or you are another insurance salesperson pretending to be a customer.

Dreamer

it is depend,are you buying a good fund?do you think that fund still have 'future'?

if both answer are no,then you dont buy that fund,search other.nowaday,the amount of bad fund are not less than good fund.

even 7% is guarantee,i believe it only will pay you after you complete the saving term,a.k.a 21 years for your case(55-24).

so at the end,if you only want is invest,not insurance,the return is not attractive as you feel.

by the way,whats the plan named?

This post has been edited by athlon 11: Feb 10 2008, 09:51 PM

anyone heard of inter-alliance company? (i think they are some kind of broker for fund management)... anyone? are they good?

I do my own analysis before investing.
Practically, if you invest in the right funds, you will see money in the end.
Buying fund is just like marriage, you need to think ahead, not just listen to anyone

I have not heard of such company.
It could be a new company?
Have you done a search on google?
If it's an established company, it would at least have a website.
Alternatively, you could go to www.fmutm.com.my to search for approved unit trust managers.
They have a list of all the fund managers on the website

they have a website alright...
http://www.inter-alliance-int.com/about/in...ional/asia.html

they are not fund manager... they are consultant which has access to oversea funds...
i think they are under LOFSA regulation...

recently they promote alot of their products (oversea funds - which apparently is tax free according to them) in kl via their marketers... minimum investment is RM1,000 i think (they invest in pounds coz hq in Europe)

not sure abt their credibility though... that's why i'm askin...

Huh? Not fund managers? I think you got tricked by the twisting of their words
Problem with the website is that it does not provide a lot of information on their funds.
The transparency is very bad, should be cautious in my opinion.
We would not want to see the re-emergence of Swisscash.

Public Islamic Equity Fund (PIEF) Eligible for EPF Investment


Good News!

We are pleased to inform that Public Islamic Equity Fund (PIEF) will be accepting EPF investment with effect from 18 February 2008.

PIEF is an Islamic equity fund that seeks to achieve capital growth with diverse selection of growth stocks that complies with Shariah Principles. It is suitable for investors with aggressive risk-rewards temperament.

Please make sure of this. Most of this kind of plan, they giv 4% guaranteed interest, and 3-5% projected interest.

Gong xi fachai to all

This post has been edited by chinkw1: Feb 13 2008, 12:37 PM

4% is guranteed interest + 3% is dividen given according to market condition

but from what i know most of the insurer company are goin to withdraw back their
traditional whole life/ endowment plan as a savings account according to the news publish by BNM

This post has been edited by Colaboy: Feb 14 2008, 04:44 AM

Can enlighten we all about the "news published by BNM" that u mentioned?

I believe It is based on future projections. a 7% is high for endorsement plan like yours ( traditional policies ).

For a traditional policy, a large sum is locked in fixed deposit or interest earning instruments.

Most traditional plans only guarantee you on the cash value, not the returns which are depending on the performances of fixed deposits and share markets from year to year.

Moreover, insurance companies have problems ( not enough in the markets ) to invest in good assets ( safe investments ) with annual 7% returns in the markets. Do not forget they have to pay the agents some commissions to do marketing ( which is fair ) and administration overheads to take care.

Think about it, any good and established company would not even want to borrow money at 10% interest. They have choice to get cheaper loans from oversea.

In fact, many insurance companies are giving out home loans at about 7% fixed rate, from money collected from you. It is considered as one of their best investment returns.

This post has been edited by SKY 1809: Feb 17 2008, 10:33 AM