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 Ubb Trustfund covid19 6.5%

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MUM
post May 5 2020, 06:45 AM

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QUOTE(curmbox @ May 5 2020, 01:54 AM)
............

Any comments ? Low entry .. i am thinking of it ...
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even thought is has lower entry amount,......do check out the annual fees to be charged per annum

https://www.ubbamanah.com/crisis-trust

https://www.ubbamanah.com/cash-trust

and do take note of the word "Projected" as in Projected Profit share"...thus is just a projected number

This post has been edited by MUM: Jul 24 2020, 01:03 AM


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MUM
post Aug 3 2020, 12:50 PM

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QUOTE(HJK_93 @ Aug 3 2020, 12:40 PM)
Hi, thank you for your interest and enquiry.

1) How much guaranteed returns per annum for this one?
- This is a government bond investment, and no company regulated by BNM can give you a “guaranteed” return for this investment. However, based on the track record, investors had been honoured with returns averaging from 5% and above. Government bond investment is not as volatile as stock market so I cannot tell you the returns are “guaranteed” but it is stable and had shown that it’s going the right direction.

2) How much annual fees for this one?
- There is no annual fee for this investment. The only charge applied is a one time 3.75% for administration and commission charges. There is absolutely no other hidden fee, ..............
3) Is there sales charges for this one?
- As mentioned above, other than the one time 3.75% charges, there is absolutely no other charges. You will also get extra tax exemption of up to RM 1000 yearly.

................
Regards,
Kong
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thanks for providing the above inputs... notworthy.gif
thus SC of 3.75% is about 0.75% pa over 5 yrs....(3.75/5=0.75)

5% pa - 0.75% = 4.25% pa of possible returns

btw, what is the extra tax exemption of RM1000 yearly from/for/how?

This post has been edited by MUM: Aug 3 2020, 12:51 PM
MUM
post Aug 3 2020, 01:31 PM

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QUOTE(HJK_93 @ Aug 3 2020, 01:26 PM)
You’re most welcome. The tax exemption is for you or anyone that is still paying income tax yearly. It works just like life insurance product, because you’re actually getting a product licensed by insurance company. And PIDM protection for investment is up to RM 500k, whereas life insurance product only up to RM 250k.

Note: The 5% is only a projected return, because I’m not here to convince you or anyone that this is the best investment, we have honoured higher return but it’s always depending on the performance of the market. In this case, our government bond had shown really strong ability in competing, because of the fantastic job they did to contain the pandemic. I, myself is a very conservative investor, and I take every investors’ money very seriously because it’s all our blood and sweat money. 💪
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thanks for clarifying again. notworthy.gif

wish to hear from you again,
btw, i think you have reached your daily posts of 3 (for new forummer that is under probation)
MUM
post Jul 18 2022, 01:05 PM

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QUOTE(annyeongabe @ Jul 18 2022, 12:26 PM)
guys,

can search for more educational videos on cash trust in learnabee or KCLau facebook page.

Just search keyword *cash trust* in learnabee

OR, In gripeo website, search for UBB Amanah Berhad.
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Btw, just for info, there are many BAD reviews by readers of the article written n posted in gripeo ..

Personally I think the writer did not post any useful solid proof by merely postings of "speculative", "non proven" accusations...... Posted or questioned by others..... Just like what "I" (or "we) do mostly here
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