Sorry for the late update.

I have met up with the SA from Hong Leong Assurance, they are pushing a 6 year savings plan called "Gain Wealth".
You choose an amount (10k or 20k or any amount you are comfortable with) and you have to deposit each year that amount for 6  years. Each deposit they will give an interest of 20%, let me illustrate:-

So...any comments or advise?
Wishing all those celebrating a very merry Christmas and a happy 2016 new year to all forumers!

Well you are paying with the amount of interest given compare to what can you get by parking your money somewhere earning double digit almost every year. Let's just say 10% of RM250k vs 4.5% of RM250k. That's a difference of about RM13k. More than enough money to go on vacations.

I will take the RM13k (vacation every year) compare to being a priority customer.

I already PM you about this stuff before. Won't talk about it here. Later kena marah. Well planning to follow in his footstep next year to "Holland". Just hope really won't go "Holland".

I already PM you about this stuff before. Won't talk about it here. Later kena marah. Well planning to follow in his footstep next year to "Holland". Just hope really won't go "Holland".

Please use the word properly, interest and cashback has different meaning all together.
It can be deemed a misleading statement on the bolded part

Told that in before, it is a saving plan. 

Please read the saving plan topic to know about how saving plan works. 

Well you are paying with the amount of interest given compare to what can you get by parking your money somewhere earning double digit almost every year. Let's just say 10% of RM250k vs 4.5% of RM250k. That's a difference of about RM13k. More than enough money to go on vacations.

I will take the RM13k (vacation every year) compare to being a priority customer.

but for the other mach fd, you are richer by rm109.59 in 1 day..............  

Haha..

I dun want to boast much, but i had to tell u my investment is more than 500% return last year, and this year also nothing less than 200% with the capital employed. 10% is good, but if that money is risking for only 10% return, not attractive at all.. lol

But despite that, why i put FD for 4.5% ?

FD is almost no risk, unless bank collapse and ur money gone. Even that, pidm still protect 250k per bank.

FD is really do nothing and get passive income. You dun even need to find tenant or repair your leaking house and pay cukai tanah and etc.

Only risk is currency risk.

but for the other mach fd, you are richer by rm109.59 in 1 day..............  

how did you count that? 

no offence but i wouldn't take any advice from ramjade. he's still a student and so far he is all only talk. he's hasn't actually go into all those. he only have fd, fp-asx and some vp-asx. talk is easy, comes at no price.

Haha..

I dun want to boast much, but i had to tell u my investment is more than 500% return last year, and this year also nothing less than 200% with the capital employed. 10% is good, but if that money is risking for only 10% return, not attractive at all.. lol

But despite that, why i put FD for 4.5% ?

FD is almost no risk, unless bank collapse and ur money gone. Even that, pidm still protect 250k per bank.

FD is really do nothing and get passive income. You dun even need to find tenant or repair your leaking house and pay cukai tanah and etc.

Only risk is currency risk.

if u can consistently getting 200% to 500% return, with just few hundred thousand capital, u are multi millionaire in just few years' time! then why talk of 4.5% return and dream of 6% fd return?  

No matter how good your investments work, you still need to secure/ lock your profit some day, where will be the best place to safe keep your hard earned money?

Haha..

I dun want to boast much, but i had to tell u my investment is more than 500% return last year, and this year also nothing less than 200% with the capital employed. 10% is good, but if that money is risking for only 10% return, not attractive at all.. lol

But despite that, why i put FD for 4.5% ?

FD is almost no risk, unless bank collapse and ur money gone. Even that, pidm still protect 250k per bank.

FD is really do nothing and get passive income. You dun even need to find tenant or repair your leaking house and pay cukai tanah and etc.

Only risk is currency risk.

if u can consistently getting 200% to 500% return, with just few hundred thousand capital, u are multi millionaire in just few years' time! then why talk of 4.5% return and dream of 6% fd return?  

2 separate issues, boss kim! the one u mentioned is if one day u want to secure and get out fm volatile investment that can get 200% to 500% return.

another is like big bones said of doing the investment and fd. if really can get consistent return of so high percentage of 500%, no need to talk of fd. until the day we want to retire.

Check your PM

U see... 1 year is 500%, another is 200%.. the fluctuations is very big. Next year maybe -50%, possible stuff.

My style is like this
Example..

Year 1 - capital employed 100k
Total year end profit + capital = 400k
So take 200k locking FD

Year 2 start 200k
Total year end profit + capital = 300k
So take probably 100k to 150k locking

Year 3 start 150k
And etc...

Sorry for the late update.

I have met up with the SA from Hong Leong Assurance, they are pushing a 6 year savings plan called "Gain Wealth".
You choose an amount (10k or 20k or any amount you are comfortable with) and you have to deposit each year that amount for 6  years. Each deposit they will give an interest of 20%, let me illustrate:-

Let's take for example the deposit amount is 100k each year:-

Year.    Deposit amount.    Interest given
1.                100k.                          20k
2.                100k.                          20k
3.                100k.                          20k
4.                100k.                          20k
5.                100k.                          20k
6.                100k.                          20k

Total.            600k.                          60k

Only on the 7th year can you touch the deposit amount. The interest you can use after year 1 (I think so).anyway, if you decide not to take out the interest, the interest amount will earn 5.25% pa interest.

They tell me that the principal and interest given is guatanteed and if case of any unfortunate circumstances before the plan is finish, they will guarantee the whole 6 year principal amount to the nominated beneficiaries.

They also indicate that the interest amount will written black n white on the policy.

So...any comments or advise?

Wishing all those celebrating a very merry Christmas and a happy 2016 new year to all forumers!

unker, oops, bones, key point is asset diversification. so after your year 1, discipline enugh to do as u said, then good. but it does points to high way to multi millionaire within years if you can consistently getting that type of returns! it is possible but not everyone can made it.