I used d card to pay cond maintenance and utility bills.

Then should not problem.. 30 days before and after the date u go to ppl .. so 60 days should not problem for spending rm500 am I righ

bro, what card are u using ? can share abit

bro,

I m using FSM services only. their Client Investment Specialist's advise is excellent and charges is less than 2% only. believe much on them as their view is not biased to any Fund house. u may consider to sign up an acc with them.

used to have UT with Public Mutual but I stop buying with them. rather than with FSM. I have a well diversified portfolio as well guided by the CIS of FSM.



This post has been edited by prince_mk: Apr 17 2018, 08:31 PM

Just a random question, since this thread is mainly about priority bankings, what about private bankings? Anyone here knows or experience any of it, or actually if it's a different thing all together lol lol #NoobHere?

I wonder how much they differ from the usual Priority Bankings? Just some food for thought.

These are what I've lightly googled about:

Maybank Private Wealth
Eligibility "USD1 million in Investable Assets with Maybank"

CIMB Private Banking/Private Wealth?
Eligibility "Not sure MYR 1M I think?"

products offered are far far different. you get to invest in more exotic product and they are more flexible with the leverage

How they charge 2% oh？once off per advice or purchase or yearly??

1.75% per transaction. If the amount with them increases, the sales charge also drop.

This is the initial charge right? Or is this for Client Specialist's "advice"? Then on top of this, pay some more initial charge and service fees? Sorry, never heard of this Client Specialist before. Need to check out the platform more.

Ang pow packet is different. RM is more experienced, smarter and attentive, will meet for coffee/lunch outside. Invited dinner is served not buffet. Instead of selling u.t and products; advisory, research and investment options from investment bank.

To those have over us$1m investable assets, most privilege accorded is affordable, within reach and nothing special.

This post has been edited by icemanfx: Apr 23 2018, 06:01 AM

That's the initial charge. AFAIK, when you open a FSM account, you are assign one client specialist who is practically your go to guy/girl for any question. Review portfolio, give recommendations.

Advise is free. But best to email them to double confirm.
clienthelp.my@fundsupermart.com

This post has been edited by Ramjade: Apr 23 2018, 08:23 AM

Anyone here Alliance Privilege member? Any feedback to share?

after repeated haggling by tiger bank, finally moved my butt to join their "wealth" status, previously known as aspire.

no welcome gift.
although RM seems enthusiastic enough.

pushing for an endowment plan that seems quite interesting though.

capital of say RM32k per annum for 6 years.
first 6 years get RM4k per annum.
subsequently next 14 years get RM8k or so.

anyway long story short, pay total of 32kx6 years = approx 192k

get back over 20 years period = 142k interest guaranteed

insurance if unclaimed, 50k guaranteed at end of period or balance left if there's claim
unguaranteed bonus estimates rm90k at the end of period.

so guaranteed return = 192k (total return) / 192k (total vested) / 20 years
5% p.a?
better than fd if one discount the compounding interest effect.
but again they give rm8k yearly by year 7 with total capital of rm192k, still approx 4% already.

bonus is on the unguaranteed bonus?

good deal kah?

and really dissapointed that there's no welcome gift.

consultation advise is free.

every purchase of equity or balance funds, you need to pay 1.75% from total purchase. simple as that.

went to KLIA2 PPL..nothing special .

How abt KLIA PPL ?

You mean they don't have free flow of Krug at klia2 ppl?!

Saving plan is mostly rubbish..

Capital 192K.

Max Get back = (4x6)+(14x8)+90+50 =276

Returns, 276-196 = 84
Simple rate of return = (84/192)/20 ~ 2.18%

Good return? There is a risk of getting near zero as well..on the unguaranteed portion pffftttt...

Let say you put the same amount in FD, 4.3%.. compound the interest you get back RM 402,159 at end of 20 years period.

That is why I never pick up phone from my RM one.. too much hard selling on nonsense products:w

This post has been edited by gark: Apr 27 2018, 10:05 AM

the only non guaranteed portion is the 90k.
guaranteed return is 4x6 + 14x8 + 50 = 186k

186k/192k / 20 years = 4.8%

Fixed, Flat,Variable and Compound are based on different calculations.
If you are unable to use mathematical formulas, try finding calculators online.

I agree with gark user: savings plans only benefits the financial institutions.

This post has been edited by powerlinkers: Apr 27 2018, 11:36 AM

How you calculate get 4.8%..

In most saving/endowment plan.. you dont get back your capital one..just the distribution.. check in more detail with the RM, ask him to give you the projection of earnings on paper.

If you get 186k after 20 years and invested 192k.. you get a NEGATIVE number..

This post has been edited by gark: Apr 27 2018, 11:42 AM