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

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Buyalotforgaming
post Jul 15 2021, 06:17 PM

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QUOTE(JC999 @ Jun 21 2021, 08:20 PM)
Sounds dodgy, btw 7% return and 7% distribution is different. I think there is some misunderstanding.

If the 7% is coming from the fund to you then actually is your own money. 7% return means you invested 100 and it becomes 107 at the end of the year is 7% return.

This trust sounds like invest 100, and I get 7 the year but my value in the trust becomes 93
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Is anyone able to confirm this? Thank you.
Buyalotforgaming
post Aug 16 2021, 10:01 PM

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QUOTE(kok_pun @ Aug 16 2021, 12:55 PM)
I have signed up in 2020 and your Q has me relooked at my Trust Deed. and there is no "distribution" pertaining to the investment part. It was worded as "projected profit share".

another clause wrote deed dissolution is upon full disbursement of Trust Capital in accordance with the T&C. So I guess Capital is unaffected.

so I think it is Legit la cos I have gotten the % of profit already last month
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I have friends who have invested in these sort of Trusts for a few years already. They say they've been getting their projected returns as well.

If I had one question, I wonder how these Trusts are able to maintain such distributions/payouts given the current economic climate.
Buyalotforgaming
post Aug 17 2021, 11:40 PM

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QUOTE(MUM @ Aug 16 2021, 10:33 PM)
yar lor,...some trusts has subscription fees and some has stated annual fees too....(all in must generate abt 10% pa)
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Exactly. In some sense, if it were as risk free as it sounds, I might as well take a loan and put it here laugh.gif but I also must admit my knowledge on the matter is extremely limited. Could be entirely wrong.

QUOTE(kok_pun @ Aug 17 2021, 10:43 AM)
My guess is lending.
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When you signed up for it, isn't there a prospectus? Or at least some sort of detail on how they generate their returns etc?

If they are involved in lending, I would assume that their clients could be those that are unable to obtain loans from your normal banks. Having said that, there is a high likelihood that borrowers may be even worse off in the current climate.

This post has been edited by Buyalotforgaming: Aug 17 2021, 11:45 PM
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