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 Asset Backed Solutions ABS

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FairyCheek
post Jan 12 2023, 08:22 AM

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I just went attend for the talk yesterday.
I have deposited some amount and gonna see how can they generate the income for me. In other words, "test water".
According to them, its backed by SSM and the profit will be generated on weekly basis.
They have a guaranteed fixed investment return, but i did not take up that investment.

FairyCheek
post Jan 23 2023, 03:14 PM

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QUOTE(MUM @ Jan 12 2023, 08:27 AM)
Mind elaborating what is "backed by SSM" means?
Is SSM gonna fulfill what that company failed in its promises to you?

What is the locking period of your money?
Are there any penalty if you need to withdraw suddenly next 2 months?
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1 year locking period. Daily profit about 0.10-0.15%.
FairyCheek
post Jan 24 2023, 11:15 AM

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QUOTE(AbbyCom @ Jan 23 2023, 09:36 PM)
This really look similar to how Triumph FX, macam still at early stage where they promise 4%-ish monthly returns. When they promise 7%-10% returns with newer funds then start to run road ya...
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Agree, its pretty much similar as Triumph FX. The profit generated even for weekends too. So far for a week, I've got $10. But the profit can be withdraw at every $50.
FairyCheek
post Feb 1 2023, 10:53 PM

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QUOTE(glamoroussoul @ Jan 28 2023, 05:05 PM)
So one year locking period is for the capital? Profit can be withdrawn every time it reaches $50?
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Yes, you are right. One year locking period for the capital. Min. $50 for profit withdrawal.
FairyCheek
post Feb 1 2023, 10:55 PM

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It does sound interesting, isnt it. I am just trying out. It has been in the market for about 2 years.
FairyCheek
post Feb 7 2023, 03:48 PM

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Do any of you interested to join in the investment talk? Perhaps you can understand better.
FairyCheek
post Feb 7 2023, 07:26 PM

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QUOTE(MUM @ Feb 7 2023, 03:57 PM)
i believe some would be interested to know more by themselves before PM you for more details about that investment talk.
they may prefer to "research" more about it without being subjected to "pressure sales" while at the investment talk, or go there unprepared in advance as of what to ask.
thus i believes it would be beneficial for them if you could details more about your company in the open here.

i think,
if you are NOT soliciting for money, i believes it should be ok with the moderator
as you are just sharing some "investment" vehicle
if it is offered for free and without cost for those info, why not. The world needs more free things.

so far, some of the info given by you are ......
potentially interested parties do take note of this "its backed by SSM"
potentially interested parties do take note of this
if 0.10% daily = 0.10 x 365 days = 36.5% pa
if 0.15% daily = 0.15 x 365 days = 54.75% pa

potentially interested parties do take note of this "its pretty much similar as Triumph FX"
potentially interested parties do take note of this "One year locking period for the capital. Min. $50 for profit withdrawal"
potentially interested parties do take note of this ...."about 2 years in the market"
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Yup, understand on your end. I am not the agent btw, for me, i just invest some small fund to let it run for a year. I am attracted by the profit, well, thats greed in me! Haha. Having that said, i am ready to lose that amount of small fund. smile.gif

FairyCheek
post Feb 7 2023, 08:54 PM

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QUOTE(MUM @ Feb 7 2023, 07:33 PM)
for many people, GREED is GOOD,
btw, what is the minimum sum required?
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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.
FairyCheek
post Feb 8 2023, 07:52 AM

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QUOTE(MUM @ Feb 7 2023, 09:08 PM)
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?
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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.
FairyCheek
post Feb 8 2023, 12:31 PM

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QUOTE(MUM @ Feb 8 2023, 07:57 AM)
thanks for telling...
since you had already joined....
can you just check it out for the benefits of those that could be interested?

thanks
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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.
FairyCheek
post Feb 8 2023, 12:55 PM

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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.
FairyCheek
post Feb 9 2023, 11:41 AM

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QUOTE(contestchris @ Feb 8 2023, 01:22 PM)
Provide some proof that this is backed by Yong Tai Bhd?

You can get into legal troubles if you're making things up.
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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.
FairyCheek
post Feb 9 2023, 01:14 PM

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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.
FairyCheek
post Feb 9 2023, 04:25 PM

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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.
FairyCheek
post Feb 10 2023, 07:01 AM

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QUOTE(xander2k8 @ Feb 9 2023, 06:21 PM)
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 👏
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The vibe is off, scam or no, i am not sure yet. But not asking anyone to join to invest. Just join the talk/sharing and me your own decision and perhaps share your thoughts here, on the overall sharing by them. Not
FairyCheek
post Feb 10 2023, 11:35 PM

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What i could share is there are 3 types of investment plan offer from abs. I would say the one i invested in, i find it the safest, one year locking period despite the odd-vibe during the sharing session. Janji profit 😆
Not gonna share any further as some negative minded would assume im the sales agent, conman, scammer, blah blah.
I am gonna wait for one year to get back my fund and my monthly profit.
FairyCheek
post Feb 12 2023, 09:52 PM

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QUOTE(rae0724 @ Feb 12 2023, 12:22 PM)
do you mind share to us again after 6 months maybe?
I am actually quite interested but well, I also worried it's a scam
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Sure, i will definitely share here. I am confident to get back all my invested fund and profit! biggrin.gif
FairyCheek
post Feb 12 2023, 09:55 PM

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QUOTE(rae0724 @ Feb 12 2023, 07:43 PM)
I just asking for review...
no wonder ppl scare sharing anymore here
pls be open minded la
If scam also no wrong to ask for more info right?

btw am I saying I will invest or put money in?
zzzzz triggered
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Yes...haha..probably he got scammed before.
But i will share the review here icon_idea.gif
FairyCheek
post Aug 26 2023, 12:54 AM

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I still manage to get my monthly withdrawals.

 

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