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

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Wedchar2912
post Aug 3 2023, 02:41 PM

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QUOTE(il0ve51 @ Aug 3 2023, 02:19 PM)
UBB got many red flag on the internet, but surprising those who actually signup their package have no negative comment from them. so i guess all this red flag on the internet is very much competitor sabotage .
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a scheme, legal or not, can continue for a long time. Those who didn't get impacted really have no reason to sabo own investment right?

What's unique about UBB's offering is that traditionally cash trust is used for estate planning, not really for investment. This is impressive work by UBB really.
Wedchar2912
post Aug 4 2023, 12:41 PM

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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.
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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... tongue.gif
Wedchar2912
post Aug 13 2023, 09:39 PM

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QUOTE(tkwfriend @ Aug 13 2023, 09:16 PM)
hi i would like to create a new ubb like style scheme.

But I need cash flow, I have ready clients to deal with. My projection return is 24% per annum. is safe and guarantees your capital.
my business method is to borrow to corporate only the maximum period loan is a 24-month short-term loan. with a 1 to 3 ratio of collateral.

in a real case scenario is confirmed doable, if you think UBB giving 10% is so BIG, they are actually giving you a peanut only.

While the bank is just giving you the skin of a peanut. Bank Earn a lot more than you can imagine, if not how they can say bad, and yet earn many times more in actual result?
24% is easily achievable with no doubt.
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great. under what legal vehicle are you thinking of creating this under?
deposit or investment taking must be regulated... else too fishy.
Wedchar2912
post Sep 9 2023, 01:41 PM

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QUOTE(KalaluWilly @ Sep 4 2023, 01:13 AM)
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".
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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.
Wedchar2912
post Nov 24 2023, 05:34 PM

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QUOTE(cloudy_eye @ Nov 24 2023, 04:46 PM)
Ive recently ask my agent for an update of the case. apparently they receive an injunction over the case.

GUAMAN SIVIL NO: WA-22NCvC-393-07/2022

I would like to see the final verdict from the court regarding this. since been having a few trust account here. i also would like to know from people here with legal background as what will happen in future, (OFC i ask my agent he said injunctions good for ubb mah)
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the injunction is on Learnabee or UBB?
Wedchar2912
post Jan 7 2024, 11:48 PM

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QUOTE(MUM @ Jan 6 2024, 09:08 PM)
This forummer had in Oct 2022 talked of positive experience on his platform that had established since 2009 and had been having funds giving out positive experience every 5 weeks since 2013 without fails.
Look at the millions they were said to had made

Past performance is not an indicator of possible same or continuous same performance of future performance.
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A ponzi scheme can last very very long.... It is always safe until it is not... smile.gif

 

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