Welcome Guest ( Log In | Register )

20 Pages < 1 2 3 4 5 > » Bottom

Outline · [ Standard ] · Linear+

 Ubb CASH TRUST 3 years nett 6-8% pa anyone?, UBB Amanah Bhd

views
     
me_1980s
post Sep 23 2020, 12:36 PM

Getting Started
**
Junior Member
161 posts

Joined: Jan 2006


UBB is a legit trustee company and only a handful of trustee companies were approved to operate. However, just a matter of precaution, I suggest TS to enquire directly with UBB rather than confronting agent. After satisfaction, then only sign up with the agent because agent also susah cari makan nowadays. Give the agent some commission la, they susah payah hard sell to you.
jw_ P
post Oct 22 2020, 06:12 AM

New Member
*
Probation
4 posts

Joined: Oct 2020
I personally seen the Trust deed by DCS Private Trust as my relative asked me to help her to go thru the deed.
DCS PT is the name of the product/consultant as mentioned by agent, it’s a product/consultant by Global Asset Trustee Berhad.
My research on ATCM: https://www.atcm.com.my/office-bearers
I saw the name of GATB.

In the deed, there is a clause something like this “to achieve at least returns of eight per centum (8%) per annum. Hereafter referred to as “the Dividend” on the subscribed sum for the benefit of the trustor as long as the Trust subsists.”

This is what I remember. The agents also told my relative the Trust deed is getting for Common Seal but not stamping.

Hope my info do help.

jw_ P
post Oct 22 2020, 06:19 AM

New Member
*
Probation
4 posts

Joined: Oct 2020
QUOTE(MUM @ Jul 16 2020, 08:04 AM)

refer to GUY3288 posting above, see Management of trust capital,....there is a mention of "Authorised Investment",....

thus i think the more appropriate question would be "what are those?"

but then, as per CYCLOPES post about Trustee's ACT 8/1/d,...which reads...
(d) to act as investing and financial agent for and on behalf
of executors, administrators and trustees or any other
persons whatsoever, and to receive money in trust for
investment and to allow interest thereon until invested;
and to undertake for and on behalf of executors,
administrators and trustees or any other persons whatsoever
the negotiation of loans of all descriptions and the procuring
and lending of money on the security of any description
of property, immovable or movable, or without taking
any security on such terms as may be arranged, and to
advance and lend moneys to protect any estate, trust or
property entrusted to the company as aforesaid and to
charge interest upon any such advances:
Provided that nothing herein contained shall be held
either to restrict or extend the powers of the company as
trustee or agent under the terms of any trust or agency
that may be conferred upon it;

.......btw,...since they are governed by this ACT....
i cannot find in the ACT that mentions that THEY MUST have a license to do that management of trust capital....
i could be wrong or missed reading it....
Please go thru and correct me if i erred in reading it
TRUST COMPANIES ACT 
http://www.agc.gov.my/agcportal/uploads/fi...N/Act%20100.pdf

NO wonder you cannot find more info about how they operate in their website......for as per the ACT, they are obligate / mandated to just need to submit annual statement to the Register....no mention of the need to put for public viewing too...
*




As per I read the Malaysia Trustee Act 1949, it mentioned

https://pictr.com/images/2020/10/22/784Itg.md.jpg
Cyclopes
post Oct 22 2020, 06:29 AM

Casual
***
Junior Member
474 posts

Joined: Mar 2011
From: Kuala Lumpur


QUOTE(jw_ @ Oct 22 2020, 06:19 AM)
4.1.b will likely refer to Malaysian Government Securities e.g. bonds issued by government.
GrumpyNooby
post Oct 22 2020, 07:13 AM

10k Club
********
All Stars
12,387 posts

Joined: Feb 2020
QUOTE(Cyclopes @ Oct 22 2020, 06:29 AM)
4.1.b will likely refer to Malaysian Government Securities e.g. bonds issued by government.
*
So they're investing primarily into MGS and MGII.
nightpipper
post Oct 22 2020, 07:25 AM

Getting Started
**
Junior Member
51 posts

Joined: Jul 2019
How does MGS have a return of 7% after fees shocking.gif
GrumpyNooby
post Oct 22 2020, 07:25 AM

10k Club
********
All Stars
12,387 posts

Joined: Feb 2020
QUOTE(nightpipper @ Oct 22 2020, 07:25 AM)
How does MGS have a return of 7% after fees  shocking.gif
*
I also curious over there too! hmm.gif
T231H
post Oct 22 2020, 07:44 AM

Look at all my stars!!
*******
Senior Member
5,143 posts

Joined: Jan 2015
QUOTE(nightpipper @ Oct 22 2020, 07:25 AM)
How does MGS have a return of 7% after fees  shocking.gif
*
The 7% after fees is info from "current participants".
The official document mentioned projected return, n the mention of annual mgmt fees.
If their official returns track records are as good as posted by the "current participant".... Why don't they published that in the news as a marketing tools?
Instead of the public has to know of it thru the unofficial channel?
Cyclopes
post Oct 22 2020, 08:00 AM

Casual
***
Junior Member
474 posts

Joined: Mar 2011
From: Kuala Lumpur


QUOTE(GrumpyNooby @ Oct 22 2020, 07:13 AM)
So they're investing primarily into MGS and MGII.
*
QUOTE(nightpipper @ Oct 22 2020, 07:25 AM)
How does MGS have a return of 7% after fees  shocking.gif
*
It also allows them to invest in properties. I too am interested to know what other investments they can make to generate such healthy returns.
GrumpyNooby
post Oct 22 2020, 08:02 AM

10k Club
********
All Stars
12,387 posts

Joined: Feb 2020
QUOTE(Cyclopes @ Oct 22 2020, 08:00 AM)
It also allows them to invest in properties. I too am interested to know what other investments they can make to generate such healthy returns.
*
Do they publish semi-annual or annual report like the fund houses?
Cyclopes
post Oct 22 2020, 08:10 AM

Casual
***
Junior Member
474 posts

Joined: Mar 2011
From: Kuala Lumpur


QUOTE(GrumpyNooby @ Oct 22 2020, 08:02 AM)
Do they publish semi-annual or annual report like the fund houses?
*
Not that I know, but they could circulate to only those who subscribe to the scheme.
nightpipper
post Oct 22 2020, 08:27 AM

Getting Started
**
Junior Member
51 posts

Joined: Jul 2019
Yes, the lack of information is very disturbing. You would have thought with those returns, that they would market it more and people would be lining up to invest
jw_ P
post Oct 24 2020, 05:17 PM

New Member
*
Probation
4 posts

Joined: Oct 2020
QUOTE(nightpipper @ Oct 22 2020, 08:27 AM)
Yes, the lack of information is very disturbing. You would have thought with those returns, that they would market it more and people would be lining up to invest
*
Agent mentioned and advise, "Please do not treat it investment and also ROI, it's an inheritance fees, it's estate planning."

The agent does mentioned that Global Asset Trustee Berhad mainly investing in property. They will purchase under market value property which around 300k and resell. I researched on DCS PT, they have a subsidiary property company which runs the buy and sell and they do have a bunch of youngster who well prepared to purchase the property which around 300k whereby they only afford as they are the low-range youngster who just get into the society.
That's what i heard from agent.


jw_ P
post Oct 24 2020, 05:22 PM

New Member
*
Probation
4 posts

Joined: Oct 2020
QUOTE(Cyclopes @ Oct 22 2020, 08:10 AM)
Not that I know, but they could circulate to only those who subscribe to the scheme.
*
This one I could help to answer. My relative actually did the research on their annual financial report. It's negative.
But as well as he research on other Trustee Company such as R*B Trustee, M**Ban* Trustee and also U*B Trustee, all shows negative also.

Agent does tell us that Trustee does know how to avoid tax, that why it'll always show negative.
Same as the client could avoid tax by doing Estate Planning.

MUM
post Oct 24 2020, 05:32 PM

10k Club
********
All Stars
14,856 posts

Joined: Mar 2015

QUOTE(jw_ @ Oct 24 2020, 05:17 PM)
Agent mentioned and advise, "Please do not treat it investment and also ROI, it's an inheritance fees, it's estate planning."

The agent does mentioned that Global Asset Trustee Berhad mainly investing in property. They will purchase under market value property which around 300k and resell. I researched on DCS PT, they have a subsidiary property company which runs the buy and sell and they do have a bunch of youngster who well prepared to purchase the property which around 300k whereby they only afford as they are the low-range youngster who just get into the society.
That's what i heard from agent.
*
what is there for estate planning or inheritance planning when the UBB Crisis trust tenure is 2 yrs while UBB Cash Trust stated the tenure is only 3 yrs....? hmm.gif hmm.gif

This post has been edited by MUM: Oct 24 2020, 05:37 PM


Attached thumbnail(s)
Attached Image
AnasM
post Oct 24 2020, 06:01 PM

On my way
****
Junior Member
569 posts

Joined: Aug 2020
QUOTE(MUM @ Oct 24 2020, 05:32 PM)
what is there for estate planning or inheritance planning when the UBB Crisis trust tenure is 2 yrs while UBB Cash Trust stated the tenure is only 3 yrs....? hmm.gif  hmm.gif
*
i think it different product
ubb cash trust and ubb crisis trust
MUM
post Oct 24 2020, 06:26 PM

10k Club
********
All Stars
14,856 posts

Joined: Mar 2015

QUOTE(AnasM @ Oct 24 2020, 06:01 PM)
i think it different product
ubb cash trust and ubb crisis trust
*
if i am not mistaken,...i think since from post 1, we are discussing about either of 2 products, where the "current participants" mentioned that they got 6~8%% pa NETT of fees....

they even posted in this thread....
Ubb Trustfund covid19 6.5%
https://forum.lowyat.net/topic/4955758/+40

anyway, jw_,...are you talking about these product?
Cyclopes
post Oct 24 2020, 06:55 PM

Casual
***
Junior Member
474 posts

Joined: Mar 2011
From: Kuala Lumpur


Conceptually, a trust company’s first priority is the management of the trust. By comparison, a unit trust company's priority is achieving the best return for your portfolio.

If you’re out to grow your wealth, unit trust or other investment based company may be best suited for it.

If you’re looking to set up future generations and maintain the wealth you already have, a trust company may be a good fit.

This post has been edited by Cyclopes: Oct 24 2020, 06:56 PM
Direngrey
post Nov 9 2020, 12:04 PM

New Member
*
Junior Member
6 posts

Joined: Jun 2006


QUOTE(Cyclopes @ Oct 24 2020, 06:55 PM)
Conceptually, a trust company’s first priority is the management of the trust. By comparison, a unit trust company's priority is achieving the best return for your portfolio.

If you’re out to grow your wealth, unit trust or other investment based company may be best suited for it.

If you’re looking to set up future generations and maintain the wealth you already have, a trust company may be a good fit.
*
I agree to this post.

In my opinion, if there is an investment scheme involved, we investors are entitled to know the investment portfolio as least where our cash is going to.. Such as a proper unit trust management company providing us prospectus or also fund reports for us to review/ refer..

A trust company could not actually publish all these information officially seems a bit sketchy to me as to the legality of the whole process.. I believe they would not post any of the return/dividend rates at their main web page as they are not an actual fund management company, without a proper license to run an investment scheme. Ubb main web page never seem to mentioned any investment plan clearly, only the requirements to enter the cash trust scheme. So in the end, is it right to take the trust money and invest privately and promising a projected return at the background?
dreamyboy
post Nov 9 2020, 03:08 PM

New Member
*
Junior Member
40 posts

Joined: Sep 2009
was approached by an agent as well. Told them off straight because i think 8% per annum is quite low and you're talking about the money is stuck there for 3 years.

my friend who's a fund manager offer me 6 months close to 10%

20 Pages < 1 2 3 4 5 > » Top
 

Change to:
| Lo-Fi Version
0.0242sec    0.98    6 queries    GZIP Disabled
Time is now: 1st December 2025 - 02:31 PM