QUOTE(il0ve51 @ Aug 4 2023, 11:59 AM)
i saw the issue is raised, but i dont see anyone objecting it. Because this industry seem to have many unqualified/unregulated agent it seem it is the cause that makes trust company with bad name.
yea it is estate planning, but typical malaysian dont know what is estate planning some layman even think is is estate agent (sell house). i guess the agent promote it in Fixed Deposit/investment style to approach customer for them to understand the concept of estate planning. but the question is are the red flag really a red flag? cause people that subscribe to cash trust so far have no issue. market have many trust company other than ubb, i dont see other trust company have issue as well. so far everyone seem to get back their promise on trust deed.
sorry guys to ask so much, my dad want to invest in their product but ask me to do research, when i search online i found these so seeking some help around here.
Disclaimer: Please don't listen to me, as I am just simply talking nonsense in this reply.
Just invest sahaja if your dad got no other alternative investment choices... why worry so much. It is just money to begin with... anything goes wrong, still have the kids to help out (ie you).
a scheme, legal or not, can continue for a long time. remember Madoff's funds?
In fact, I last week told a friend of mine that there is no harm in putting 10 to 30K rm, because she was really fixated with it until crazy. Its only 10K... (I did tell her whatever she throw in is what she can afford to lose).
Its like me itchy hand 2 years back bought AAX, knowing it was damn close to bankruptcy. hand too itchy, but luckily sold recently...