Lost monyet here, can anyone kindly enlighten me how does cash trust for real estate planning work in Malaysia?

Was approached by an agent to invest in their 10 anniversary that promises 9 - 11% returns.

While i am tempted, I have seen old news accusing UBB of being a ponzi scheme. I Do Not Know Whether This Is True.

If it really is a ponzi scheme, not regulated or recognized, and it is promising those high returns, then I'm not sure whether it is a good bet to invest in it because if the scheme collapses from this high return promises, I'm pretty sure I'm not getting my money back despite the agent telling me its "protected".

Not sure if this can help boost confidence.

just noticed you wrote "real estate planning".

cash trust is not for real estate, it is for "estate planning", ie not related to properties. just google estate planning to understand better.

each to their own. if you have spare cash and are ok to risk it, can always invest.
people tend to forget that investment comes with risk. it is not a guaranteed thing, whether the return nor the capital.

Definite can boost confidence of those promoters.

It is for "Best brand" award.
Not a cannot run away or close down award....so investors may be sceptical too when they ponder of how the company can sustain the said returns or where to look for where or how they invest or why no annual audited report

Definitely not regulated by SC in the 1st place but Ponzi or not time will tell when they collapse anytime

Paid awards 🤦‍♀️ these days any brands who want such awards can buy it for a sum

look like a quick rich scheme

I've seen their office in Hartamas area. They also won an award in The Edge recently. But I'm convinced there is something fishy in their modus operandi. They should share their investment portfolio, I don't think they do so at the moment.

oh does it look like a get quick rich scheme?

i donno, but since i set up my trust here for the past 7-8 years now i did get a consistence dividen.

6% a year doesnt make me rich but okay okay la. can pay my car, insurance and among other things la. but takde la terus kaya nak mampos.

now they promoting 10% which is even better, tho seems too good to be true, i still believe them as my trustee, i had my uncle passed away recently due to old age, their family receive the capital not les than 10 days. i think that pretty fast. and their wasiat gonna took a long effing time because family gadoh.

sad to see company kena tuduh mcm mcm on social media. but i guess thats business for ya.

for those dont believe in the company, why bother to pening kepala just avoid it .

as a customer. i find them doing the right thing for creating this estate planning solutions to the public. i would like to see what happen to this company in the next 10 - 20 years. worst case i lose my money. if that happen u all sure laugh at me.

won’t laugh at u. coz i seen too many this kind of thing. investor insists they are legit. so ended up losing. nothing much outsider can do 1 i tell u when victim fall for it.

Just beware, ...already published in May 2022.
https://theedgemalaysia.com/article/several...e-ponzi-schemes




Attached thumbnail(s)

yes saw this last year too. including the MP lim lip eng statement in parliament. it does bug me in the beginning, almost terminate one of the account, but decided not too and wait, so have receive back my capital and replace it again for this promo.

u dunno how they trade / gain in detail.

Good for you.
Just be wary and do control you own acessment. It is you own money and your own decision.

I am not saying this ubb is a sure scam.
But many investors of MGs had also received the returns many times before the added in more money or let their money compounded over time.
There was a platform that had been operating and giving out consistent roi every 5 weeks since 2013 without withdrawal issue, ...just that in DEC22, it did the unbeliever able things.

Absolutely, to a rational investor, this is the crucial information. How does a "CASH" trust make way more than FD rate or money market fund rate?

The entity make no explanation or disclosure of any sorts on how do they make money to pay this higher than usual returns to the investors. That is what irks me

Anyway, people who go for it are people who aren't interested about the mechanics. They are interested of the return rate promised; and whether people have been getting the returns as promised. But then, that's how money game is played isn't it?

nah not really, i dont know except what they tell me their investment only what is allowed under the trsutee act 1949. not mistaken under the authorized investment clause in the trustee act.

so far i happy with ubb. i hope they dont fucked up la..

If so good, agent invest themselves and no need to reruit you and earn your commission lor. They can "promise" anything, but it's worth nothing legally. And money is "protected"? By who? PIDM? Else no value.

Basically, there is no guarantee for any investment other than FD and EPF (minimum 2.5% as stipulated). Now, this is a promise backed by PIDM and the Goverment of Malaysia.

Don’t forget MGS also are backed by the govt itself

MGS/GII are government guaranteed, also some other federal government guaranteed corporate bonds such as Cagamas, MRT, Prasarana, 1MDB etc.

This post has been edited by contestchris: Sep 17 2023, 01:52 PM

Gov bonds of course. But i guess that is too obvious it didn't crossed my mind. Name also "government bonds".

Whatever happened to that adage ... "If it sounds too good to be true, it probably is" ?