for many people, GREED is GOOD,
btw, what is the minimum sum required?

This post has been edited by MUM: Feb 7 2023, 07:33 PM

Min. is just 1k usd. No harm to try for a year as its very new to the market. But i am just like everyone here, i am very sceptical with this investment plan, so i just try out with 1k. Still need some time to understand the background. If anyone is keen to go, let me know and just try to understand the investment plan and share your thoughts.

Instead of putting the money that you will be losing you be better off buying Bitcoin instead 🤦‍♀️

That is why scam likes it is so easy to flourish in Malaysia

just in case,...the investor really needed the money after deposit but before the 1 year lock in period expired, ....he cannot withdraw or they allowed withdrawal but subject to penalty fees?
if the deposit is subjected to penalty,...how many % will be deducted?

Sorry guys, i didnt inquire that much on penalty fee. I am not a smart investor. 😂
And they recently expand the investment plan to HK.

thanks for telling...
since you had already joined....
can you just check it out for the benefits of those that could be interested?

thanks

I just checked with them. They said unable to withdraw as the contract is one year locking period. As of now, my account is generating profit of $30. Will withdraw once accumulate to $50.

Thanks for checking an confirming it out.
Appreciated all the info you had shared.
Hope those interested and having read your info as compiled in post 58, would contact you.
Post 58 are sort of some basic FAQs.

And yes, just like one of them mentioned, its backed by Yong Tai Berhad. Should still be safe as of now since its quite new to the market.

I think, some would also keen to know what that company invested in with the money. As the more than 36% pa returns is very high. They maybe doubt the sustainability of the payout.

Is there documented evidence that that product is really from Yong Tai Berhad?
That company that offer that scheme may just be a subsidary. Thus not much direct legal implications to YongTai Berhad if a subsidiary were to close down.

Did Yong Tai Berhad sign any documents directly with YOU?

If your agreement are made with that subsidary or your payment are made to that subsidary....Go chase after the subsidary, not Yong Tai Berhad.


This post has been edited by MUM: Feb 9 2023, 12:34 PM


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Provide some proof that this is backed by Yong Tai Bhd?

You can get into legal troubles if you're making things up.

Most likely and he assumed that the so called asset backed is from Yong Tai properties

Still unbelievable with 36% because even the greatest eve hedge fund can’t beat that YoY 🤦‍♀️

Yong Tai as a public listed company in is bound by the SC guidelines and Bursa MMLR, cannot simply issue instruments like this without the prior approval of the authorities (mainly SC).

Any written back up of that statement?

Safe because it is new and not so safe if it has been in the market for a while? what kind of logic is this if the issuance by a public listed company is legitimate and approved?

That is why we questioned it from the start already as this so called ABS is nothing but a scam 🤦‍♀️

Now name throwing with the so called assets

ytbcap.com/program-structure - this is the program which is under ytb which one of you mentioned earlier. The profit is 6% (guaranteed) + x% (non-guaranteed).

For the one i invested in, its daily profit of 0.10% (est.) And for the one i invested in, i did not sign off anything. Its basically a website where kyc is required, just like how you open an account with broker.

Ah okay returns of only 6% p.a. It’s like a bond lah, you pay RM10k upfront and get annual coupons. Your money is locked for 10 years. Just like all bonds this can default too. But worse is, I’m not sure you will have the protections regular bond holders will have.

There is another investment which is under abs too. You invest and you get the assets too. You can sell back to them after x amount of years if you do not wish to own it. Limited of assets up for grab, what I heard is its pretty hot selling as in the investors would grab this opportunity to invest and perhaps sell it later.

https://www.bnm.gov.my/skimcepatkaya




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For the asset investment, there is S&P to be signed off by both parties. Loan processing through the banks. For this asset investment, quite a big amount (just like housing loan), so i did not take up. I am still sceptical actually. Attend the talk/presentation few times, i wasnt quite impressed tbh. The vibe is macam skim cepat kaya, siapa cepat dia dapat. But surprisingly, even a top insurance agent (quite high ranking) also joined and manage to pull their client to join in. It seems very promising. But again, i am scared to put in large amount of fund.

Seems you are hesistant yet you still asking ppl to join 🤦‍♀️

It is just another scam by pulling you small gains and put in more in the future

Another Zillion Wealth in the making soon 👏

This post has been edited by xander2k8: Feb 9 2023, 06:21 PM