Edwin Kah Wei Teo asked 6 years ago
Dear KC Lau,
Good day and hope all is well for you. My name is Edwin Teo and I am a proud member of your PWM. First of all, i would like to Thank you for all the financial knowledge that you have shared over the years to educate us on how we should be smarter with money. Definitely learnt a great deal and I am definitely smarter with my money after listening to your valuable webinars.
The reason I am dropping you this email is because I have a question on one of the living trust product which is not very well known or is not been talked enough on. I have never heard of this living trust from your webinar or topics discusses in investment.
Recently, I was made aware of this Living Trust called UBB amanah. I first heard of this from My unit trust agent who claimed that the returns are “Promised/Guaranteed” from 5-7% P.A. But that time i think it was too good to be true and did not pursue further. However, recently my wife and i decided to write a will and trust upon attending 2 of your webinars talking about these. Upon meeting Jocelline, I once again heard of this Living trust being mentioned , UBB Amanah. Same thing, she mentioned that the returns are promised between 5-7% P.A regardless of the economic situation and the rate is renewed every 3 years. Once again, i think this is an extremely safe and secure investment which yield such good returns.
This good returns definitely cast a doubt in my head. If it is such a good and safe investment, Why is this not been talked and discussed more often? The main purpose i like this living trust is because it is a more liquid trust compared to a WILL for my beneficiary when in case something happen to me. But at the same time the returns on parking my money or investing money in this living trust is so high that it easily beats ASB or EPF yield. Kind of like a no-brainer investment.
Do you have any insights on this product or this living trust? If so, would you mind sharing with me as well as the KCLau community on this awesome product, if it is true at all the promised returns.
Hope to hear and learn from you.
KCLau Staff answered 6 years ago
Dear Edwin,
Thanks for your kind feedbacks.
Regarding UBB Amanah, frankly, I am a bit skeptical about the promised return. I tried to dig up detailed information but I just couldn’t find anything on the web, except the brochure. The brochure don’t show much about how it works.
Generally, when I couldn’t verify and understand how a scheme work, I will pass. Better be safe than sorry.
I am asking Jocelline Chee more about it, if she is promoting it.
Edwin Kah Wei Teo
replied 6 years ago Hi KC,
Thanks for the feedback and verification. I appreciate it. Yes, i was skeptical as well about the promised return and as you say i am not able to find any detailed information about this. This is why i approached you with this question in case you may heard about this or is aware about this investment scheme.
Hope to hear from you soon and please do share with me once you get some additional insights or information about this.
And yes Jocelline Chee is promoting this living trust as one of her alternative product.