Author Topic: Hong Leong Cash Promise  (Read 59191 times)

Offline U.K.

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Re: Hong Leong Cash Promise
« Reply #50 on: February 21, 2014, 10:37:20 PM »
:) :)    baby can u read my lips  :D :D ;)

This payphone RUNNNNNNNNNNNNNNNNN very fast after each posting, i want to read you also not enough time.

But I can ask my good fren Hairy * to read your personality, he is ^ good in mind reading.  :)

Offline warren buffet

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Re: Hong Leong Cash Promise
« Reply #51 on: February 21, 2014, 10:37:24 PM »
Ok, let me guess.

UK  -- 45
WB -- 29
Dorky --26
Me --69  :D :D ;)

Wahh..this payphone really not bad..I 29 this year.. :thumbsup:

Offline payphone

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Re: Hong Leong Cash Promise
« Reply #52 on: February 21, 2014, 10:39:54 PM »
This payphone RUNNNNNNNNNNNNNNNNN very fast after each posting, i want to read you also not enough time.

But I can ask my good fren Hairy * to read your personality, he is ^ good in mind reading.  :)

who is Hairy?
Always go against the crowd. Detach from the crowd, think outside of the crowd. Don't be a crowd follower. BE A CONTRARIAN.

Offline payphone

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Re: Hong Leong Cash Promise
« Reply #53 on: February 21, 2014, 10:40:24 PM »
Wahh..this payphone really not bad..I 29 this year.. :thumbsup:

 :thumbsup: :thumbsup: :thumbsup: :clap: :clap: :thumbsup: :thumbsup: :thumbsup:
Always go against the crowd. Detach from the crowd, think outside of the crowd. Don't be a crowd follower. BE A CONTRARIAN.

Offline U.K.

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Re: Hong Leong Cash Promise
« Reply #54 on: February 21, 2014, 10:45:52 PM »
UK..your turn now... :D

Dorky is a banana guy from somewhere in semenanjung Msia, but not Klang Valley, not JB, and not Penang. 

Although he cannot speak & read andchinese characters, but he can write his own chinese name pretty well, bcos he practice it almost everyday.  :handshake:

 :D :D :D

Offline Dorky

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Re: Hong Leong Cash Promise
« Reply #55 on: February 21, 2014, 10:47:10 PM »
Dorky is a banana guy from somewhere in semenanjung Msia, but not Klang Valley, not JB, and not Penang. 

Although he cannot speak & read andchinese characters, but he can write his own chinese name pretty well, bcos he practice it almost everyday.  :handshake:

 :D :D :D

Teka umur lah, bukan teka benda lain.  :D
Buy, sell, up, down, gain, gain.

Offline U.K.

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Re: Hong Leong Cash Promise
« Reply #56 on: February 21, 2014, 10:49:07 PM »
Teka umur lah, bukan teka benda lain.  :D

Dorky is from a cantonese family.  ;)

Offline payphone

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Re: Hong Leong Cash Promise
« Reply #57 on: February 21, 2014, 10:50:20 PM »
Dorky is a banana guy from somewhere in semenanjung Msia, but not Klang Valley, not JB, and not Penang. 

Although he cannot speak & read andchinese characters, but he can write his own chinese name pretty well, bcos he practice it almost everyday.  :handshake:

 :D :D :D
:thumbsup: :thumbsup: :thumbsup: :thumbsup:

very informative,,,,  I thought Dorky just a guy wearing banana leaves only :D :D :D
Always go against the crowd. Detach from the crowd, think outside of the crowd. Don't be a crowd follower. BE A CONTRARIAN.

Offline warren buffet

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Re: Hong Leong Cash Promise
« Reply #58 on: February 21, 2014, 10:50:24 PM »
Teka umur lah, bukan teka benda lain.  :D

I think Dorky roughly 40++.. :D

Offline payphone

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Re: Hong Leong Cash Promise
« Reply #59 on: February 21, 2014, 10:51:26 PM »
Dorky is from a cantonese family.  ;)

walau, u know so much of him, r u actually stalking him all the time??
Always go against the crowd. Detach from the crowd, think outside of the crowd. Don't be a crowd follower. BE A CONTRARIAN.

Offline U.K.

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Re: Hong Leong Cash Promise
« Reply #60 on: February 21, 2014, 10:55:12 PM »
walau, u know so much of him, r u actually stalking him all the time??

bcos to do mind reading, the subject has to be online after posting messages.

If he runs away like payphone does, then no way to forecast his details and personality loh  :giggle:

Offline Ļaughing Ģor

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Re: Hong Leong Cash Promise
« Reply #61 on: February 21, 2014, 10:56:28 PM »
Dorky is a banana guy from somewhere in semenanjung Msia, but not Klang Valley, not JB, and not Penang. 

Although he cannot speak & read andchinese characters, but he can write his own chinese name pretty well, bcos he practice it almost everyday.  :handshake:

 :D :D :D

What is dorky chinese name?
Can someone to give me a Loan and then leave me Alone?

Offline payphone

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Re: Hong Leong Cash Promise
« Reply #62 on: February 21, 2014, 10:57:10 PM »
bcos to do mind reading, the subject has to be online after posting messages.

If he runs away like payphone does, then no way to forecast his details and personality loh  :giggle:
:thumbsup: :thumbsup: :thumbsup: :thumbsup:


u sounds more like a stalker than a mind reader  :D :D ;)
Always go against the crowd. Detach from the crowd, think outside of the crowd. Don't be a crowd follower. BE A CONTRARIAN.

Offline warren buffet

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Re: Hong Leong Cash Promise
« Reply #63 on: February 21, 2014, 10:57:41 PM »

Offline Dorky

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Re: Hong Leong Cash Promise
« Reply #64 on: February 21, 2014, 10:57:45 PM »
bcos to do mind reading, the subject has to be online after posting messages.

If he runs away like payphone does, then no way to forecast his details and personality loh  :giggle:

Biasalah if you have been following the posts of a person.
I know you're an employee of a firm.
I know you're Chinese-educated.
I know you're a Chinese.
I know you're already married and above 40.
Buy, sell, up, down, gain, gain.

Offline U.K.

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Re: Hong Leong Cash Promise
« Reply #65 on: February 21, 2014, 10:58:21 PM »
What is dorky chinese name?

天机不可泄露  ;)

Offline U.K.

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Re: Hong Leong Cash Promise
« Reply #66 on: February 21, 2014, 10:59:12 PM »
Biasalah if you have been following the posts of a person.
I know you're an employee of a firm.
I know you're Chinese-educated.
I know you're a Chinese.
I know you're already married and above 40.

That is LG, not me.  :giggle:

Offline Dorky

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Re: Hong Leong Cash Promise
« Reply #67 on: February 21, 2014, 11:00:37 PM »
Buy, sell, up, down, gain, gain.

Offline U.K.

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Re: Hong Leong Cash Promise
« Reply #68 on: February 21, 2014, 11:00:51 PM »

 :D :D :D :D :D :D :D :D :D :D :D :D

anybody heard of the story abt  Ha'ry C-oc-k  and Lee Chee Ba'i

 :) :) :) :) :) :) :) :) :) :) :) :) :) :) :) :) :) :) :)

he has reincarnated into a new person, who like to wear T-shirt with a big smiley luv.   :D

Offline payphone

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Re: Hong Leong Cash Promise
« Reply #69 on: February 21, 2014, 11:03:33 PM »
he has reincarnated into a new person, who like to wear T-shirt with a big smiley luv.   :D
:thumbsup: :thumbsup: :clap: :clap: :clap: :thumbsup: :thumbsup:
Always go against the crowd. Detach from the crowd, think outside of the crowd. Don't be a crowd follower. BE A CONTRARIAN.

Offline Dorky

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Re: Hong Leong Cash Promise
« Reply #70 on: February 21, 2014, 11:04:27 PM »
U.K. is a hairy yindian.
Buy, sell, up, down, gain, gain.

Offline payphone

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Re: Hong Leong Cash Promise
« Reply #71 on: February 21, 2014, 11:05:05 PM »
Always go against the crowd. Detach from the crowd, think outside of the crowd. Don't be a crowd follower. BE A CONTRARIAN.

Offline U.K.

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Re: Hong Leong Cash Promise
« Reply #72 on: February 21, 2014, 11:11:14 PM »
U.K. is a hairy yindian.

 :D :D
Not relevant. If you are not able to forecast, maybe let be tell you a bit about myself.

One of my dreams is to migrate to a developed nation, bcos i dont like bodoland and being minority race here.  :thumbsdown:

I dont like to live with people who cannot and dont want to progress...

Offline Raynard_Abraham

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Re: Hong Leong Cash Promise
« Reply #73 on: February 21, 2014, 11:12:48 PM »

Hong Leong Cash Promise:

year   1year   total dividend   yield
1       100       100   20       20.00%
2       100       200   20       10.00%
3       100       300   20         6.67%
4       100       400   20         5.00%
5       100       500   20         4.00%
6       100       600   20         3.33%
7       100       700   20         2.86%
8       100       800   20         2.50%
9       100       900   20         2.22%
10      100     1000   20         2.00%

Duration: 10 years
Total Savings: 1000 thousands or 1 million
Total Dividend: 200k

Fixed Deposit of 3.5%:
year   1year   total   yield   dividend
1       100    100.00   3.50%   3.50
2       100    203.50   3.50%   7.12
3       100    310.62   3.50%   10.87
4       100    421.49   3.50%   14.75
5       100    536.25   3.50%   18.77
6       100    655.02   3.50%   22.93
7       100    777.94   3.50%   27.23
8       100    905.17   3.50%   31.68
9       100   1036.85   3.50%   36.29
10     100   1173.14   3.50%   41.06

Duration: 10 years
Total Savings: 1000 thousands or 1 million
Total Dividend: 214.2k

The longer you invest with Hong Leong Cash Promise, the worse the yield becomes.

The best is to invest within a 2 year timeframe which I am very sure is not allowed.
Raynard_Abraham, can we invest just within a 2 year timeframe? If not, what is the minimum timeframe?

If the performance is going to be like fixed deposit then what's the point?

Hong Leong Cash Promise:

year      1year      total  :     G Y I           Cash Dividends     Compounding on total (GYI + Cash divindens)
1       100       100   20       x       ?                x        5.25%
2       100       200   20       x       ?                x        5.25%
3       100       300   20       x       ?                x        5.25%
4       100       400   20       x       ?                x        5.25% 
5       100       500   20       x       ?                x        5.25%
6       100       600   20       x       ?                x        5.25% 
7         0               600   20       x       ?                x        5.25%
8         0             600   20       x       ?                x        5.25%
9         0                600   20       x       ?                x        5.25% 
10         0             600   20       x       ?                x        5.25%
15 Y        0             600       20         x       ?                x        5.25%
20 Y        0             600       20         x       ?                x        5.25%
25 Y        0             600   Total based on age 36 and healthy: RM1,663,155

Duration: 25 years (optional) 6 years minimum
Total Savings: 600k
Total Returns: 1,600,000
Total Earn    : 1,000,000

Guys, theres no need for all this confusion and what not "Confucius" has to say. What i am trying to tell you is,
 its as safe as saving your money in the FD and even FD doesn't "gaurantee" you anything.

N guys, I am sure that we are all business men out here, WE are all trying to "Touch the Sky"
BUT What about saving a portion for "The Rainy Day"

Cash Promise gives you a passive income for 25 years.

Its just like buying a "KFC" for 600k (paying 100k yearly to ease your burden.)
Then enjoy the benefit of 20k for 25 years. AND
When you wanna close down you get back your "investment" NOT GOOD AH???

to be honest with you, it may be lower then most of the risky investments lah, but its kept for a "rainy day" right??

And ASSUMING the FD rate is AT 3.5% you guys do the counting lah.
Raynard Abraham,
Hong Leong Assurance bhd.
HP     : 017-3462-672
Email: Raynard8787@gmail.com

Offline Dorky

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Re: Hong Leong Cash Promise
« Reply #74 on: February 21, 2014, 11:14:07 PM »
:D :D
Not relevant. If you are not able to forecast, maybe let be tell you a bit about myself.

One of my dreams is to migrate to a developed nation, bcos i dont like bodoland and being minority race here.  :thumbsdown:

I dont like to live with people who cannot and dont want to progress...

Hairy yindian.  :D
Buy, sell, up, down, gain, gain.

Offline Raynard_Abraham

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Re: Hong Leong Cash Promise
« Reply #75 on: February 21, 2014, 11:16:35 PM »
Hong Leong Cash Promise:

year      1year      total  :     G Y I           Cash Dividends     Compounding on total (GYI + Cash divindens)
1       100       100   20       x       ?                x           5.25%
2       100       200   20       x       ?                x           5.25%
3       100       300   20       x       ?                x           5.25%
4       100       400   20       x       ?                x           5.25% 
5       100       500   20       x       ?                x           5.25%
6       100       600   20       x       ?                x           5.25% 
7         0       600   20       x       ?                x           5.25%
8         0       600   20       x       ?                x           5.25%
9         0       600   20       x       ?                x           5.25% 
10        0       600   20       x       ?                x           5.25%
15 Y      0       600   20       x       ?                x           5.25%
20 Y      0       600   20       x       ?                x           5.25%
25 Y      0       600   Total based on age 36 and healthy:    RM1,663,155

Duration: 25 years (optional) 6 years minimum
Total Savings: 600k
Total Returns: 1,600,000
Total Earn    : 1,000,000(optional)
Raynard Abraham,
Hong Leong Assurance bhd.
HP     : 017-3462-672
Email: Raynard8787@gmail.com

Offline Dorky

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Re: Hong Leong Cash Promise
« Reply #76 on: February 21, 2014, 11:20:33 PM »
Okay, so that 5.25% is the maximum (assuming there will be cash dividends)?
Buy, sell, up, down, gain, gain.

Offline Raynard_Abraham

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Re: Hong Leong Cash Promise
« Reply #77 on: February 21, 2014, 11:24:40 PM »
Okay, so that 5.25% is the maximum (assuming there will be cash dividends)?

Dude. seriously.
5 benefits With Cash Promise

3 Ways u going to earn money
- Gauranteed yearly income
- Cash Dividends
- 5.25% compounding on the 20k ++

Free death & TPD benefit.

clear enough for u??
Raynard Abraham,
Hong Leong Assurance bhd.
HP     : 017-3462-672
Email: Raynard8787@gmail.com

Offline Dorky

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Re: Hong Leong Cash Promise
« Reply #78 on: February 21, 2014, 11:29:46 PM »
Dude. seriously.
5 benefits With Cash Promise

3 Ways u going to earn money
- Gauranteed yearly income
- Cash Dividends
- 5.25% compounding on the 20k ++

Free death & TPD benefit.

clear enough for u??

What better alternative do you know is out there?
What about over 90% in good quality stocks and around 10% in term/PA insurance?
Buy, sell, up, down, gain, gain.

Offline Raynard_Abraham

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Re: Hong Leong Cash Promise
« Reply #79 on: February 21, 2014, 11:31:19 PM »
What better alternative do you know is out there?
What about over 90% in good quality stocks and around 10% in term/PA insurance?
no i don't buy u may enlighten me
Raynard Abraham,
Hong Leong Assurance bhd.
HP     : 017-3462-672
Email: Raynard8787@gmail.com

Offline Raynard_Abraham

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Re: Hong Leong Cash Promise
« Reply #80 on: February 21, 2014, 11:36:48 PM »
Hong Leong Cash Promise:

year      1year      total  :     G Y I           Cash Dividends     Compounding on total (GYI + Cash divindens)
1       100       100   20       x       ?                x           5.25%
2       100       200   20       x       ?                x           5.25%
3       100       300   20       x       ?                x           5.25%
4       100       400   20       x       ?                x           5.25% 
5       100       500   20       x       ?                x           5.25%
6       100       600   20       x       ?                x           5.25% 
7         0        600   20       x       ?                x           5.25%
8         0        600   20       x       ?                x           5.25%
9         0        600   20       x       ?                x           5.25% 
10        0        600   20       x       ?                x           5.25%
15 Y      0       600   20       x       ?                x           5.25%
20 Y      0       600   20       x       ?                x           5.25%
25 Y      0       600   Total based on age 36 and healthy:    RM1,663,155

Duration: 25 years (optional) 6 years minimum
Total Savings: 600k
Total Returns: 1,600,000
Total Earn    : 1,000,000(optional)
Guys, theres no need for all this confusion and what not "Confucius" has to say. What i am trying to tell you is,
 its as safe as saving your money in the FD and even FD doesn't "gaurantee" you anything.

N guys, I am sure that we are all business men out here, WE are all trying to "Touch the Sky"
BUT What about saving a portion for "The Rainy Day"

Cash Promise gives you a passive income for 25 years.

Its just like buying a "KFC" for 600k (paying 100k yearly to ease your burden.)
Then enjoy the benefit of 20k for 25 years. AND
When you wanna close down you get back your "investment" NOT GOOD AH???

to be honest with you, it may be lower then most of the risky investments lah, but its kept for a "rainy day" right??

And ASSUMING the FD rate is AT 3.5% you guys do the counting lah.

THEN u can call me, we'll make a date, have a cup of coffee and I'll give you a BLACK & WHITE point of view on how Cash Promise Will benefit you.
Raynard Abraham,
Hong Leong Assurance bhd.
HP     : 017-3462-672
Email: Raynard8787@gmail.com

Offline Dorky

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Re: Hong Leong Cash Promise
« Reply #81 on: February 21, 2014, 11:46:29 PM »
no i don't buy u may enlighten me

I mean if I have 100k every year for 6 years at my disposal, wouldn't it be far better if I allocate 90K to good quality blue chip stocks and 10k to a good term/PA insurance policy every year for 6 years?
So by end of year 6 I would have allocated 540k to good blue chip stocks and 60k to good term/PA insurance.
10k (RM833 per month) for a term insurance may be a bit too high because there are insurance providers that require around RM100++ per month for coverage of few millions (so 60k may help insure me for many several millions).
Buy, sell, up, down, gain, gain.

Offline Raynard_Abraham

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Re: Hong Leong Cash Promise
« Reply #82 on: February 22, 2014, 12:09:32 AM »
I mean if I have 100k every year for 6 years at my disposal, wouldn't it be far better if I allocate 90K to good quality blue chip stocks and 10k to a good term/PA insurance policy every year for 6 years?
So by end of year 6 I would have allocated 540k to good blue chip stocks and 60k to good term/PA insurance.
10k (RM833 per month) for a term insurance may be a bit too high because there are insurance providers that require around RM100++ per month for coverage of few millions (so 60k may help insure me for many several millions).
Raynard Abraham,
Hong Leong Assurance bhd.
HP     : 017-3462-672
Email: Raynard8787@gmail.com

Offline Raynard_Abraham

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Re: Hong Leong Cash Promise
« Reply #83 on: February 22, 2014, 12:22:03 AM »
I mean if I have 100k every year for 6 years at my disposal, wouldn't it be far better if I allocate 90K to good quality blue chip stocks and 10k to a good term/PA insurance policy every year for 6 years?
So by end of year 6 I would have allocated 540k to good blue chip stocks and 60k to good term/PA insurance.
10k (RM833 per month) for a term insurance may be a bit too high because there are insurance providers that require around RM100++ per month for coverage of few millions (so 60k may help insure me for many several millions).

I suggest you saving 20k with Cash Promise every year and securing a passive income for another 25 years. And do this again and again till you have 1million saved and have 200k coming in as a steady income flow and the rest of your money you have into what evers the best out there.

Just maybe 20% or maybe 30% if you are a safer invester. What ever amount you are comfortable with
Raynard Abraham,
Hong Leong Assurance bhd.
HP     : 017-3462-672
Email: Raynard8787@gmail.com

Offline warren buffet

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Re: Hong Leong Cash Promise
« Reply #84 on: February 22, 2014, 09:30:01 AM »
I suggest you saving 20k with Cash Promise every year and securing a passive income for another 25 years. And do this again and again till you have 1million saved and have 200k coming in as a steady income flow and the rest of your money you have into what evers the best out there.

Just maybe 20% or maybe 30% if you are a safer invester. What ever amount you are comfortable with

Dorky can simply punt into call warrant and simply earn feel million within few months..

Online iiinvestsmart

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Re: Hong Leong Cash Promise
« Reply #85 on: February 22, 2014, 01:29:51 PM »
Hello, anyone here invested in this savings plan? It was presented to me yesterday and I find it really toooo good to be true. But I am sure there are some loopholes in it. Anyone care to share?

Apparently for every 10k invested, we get 20% (2k) every year as GUARANTEED RETURN each year.  If I invest 100k, I will get 20k as guaranteed return, on top of some dividend etc. I just need to keep the money with them and not withdraw, till the 6th year. There after I don't even need to deposit the 10k, I will continue have a guarantee return of 2k every year.
Doesn't it sound fishy?

This is a pictorial representation of the above scheme.
Let's assume that the $2,000 interest for the previous year is paid at the beginning of the next year.
The actual scenario is as depicted in the Chart 1.
This is equivalent to the scenario as depicted in Chart 2.



Chart 1.
Year   Capital      Int Rec      Ret of Cap
1   10,000      0      
2   10,000      2,000      
3   10,000      2,000      
4   10,000      2,000      
5   10,000      2,000      
6   10,000      2,000      
7         2,000      
8         2,000      
9         2,000      
10         2,000      
11         2,000      
12         2,000      
13         2,000      
14         2,000      
15         2,000      
16         2,000      
17         2,000      
18         2,000      
19         2,000      
20         2,000      
21         2,000      
22         2,000      
23         2,000      
24         2,000      
25         2,000      
26         2,000      
27         2,000      
28         2,000      
29         2,000      
30         2,000      
31         2,000      
32         2,000      
33         2,000      
34         2,000      
35         2,000      
36         2,000      
37         2,000      
38         2,000      
39         2,000      
40         2,000      60,000


Chart 2.
Year   Cap      Int Rec      Ret of Cap
1   10,000            
2   8,000            
3   8,000            
4   8,000            
5   8,000            
6   8,000            
7         2,000      
8         2,000      
9         2,000      
10         2,000      
11         2,000      
12         2,000      
13         2,000      
14         2,000      
15         2,000      
16         2,000      
17         2,000      
18         2,000      
19         2,000      
20         2,000      
21         2,000      
22         2,000      
23         2,000      
24         2,000      
25         2,000      
26         2,000      
27         2,000      
28         2,000      
29         2,000      
30         2,000      
31         2,000      
32         2,000      
33         2,000      
34         2,000      
35         2,000      
36         2,000      
37         2,000      
38         2,000      
39         2,000      
40         2,000      60,000



In chart 2, Let us calculate the future value of the cash flows at the 7th year assuming that the investment is growing at an interest rate of 3.5% per year.

         Growth      At 7th Year
Year   Cap      Rate                   each deposit has grown to
1   10,000      3.50%       12,292.55
2   8,000      3.50%       9,501.49
3   8,000      3.50%       9,180.18
4   8,000      3.50%       8,869.74
5   8,000      3.50%       8,569.80
6   8,000      3.50%       8,280.00


Total value at 7th Yr          56,693.77

As HL promises cash of $2,000 per year, this translates to a interest rate of
= $2,000 / $56,693.77
= 3.53%.

At the end, you received your $60,000.



How great is this investment?

1.  NOT good at all.
2.  Effectively, you are saving with HL and receiving around 3.53% per year.
3.  There is no growth in your initial capital.
4.  They are effectively asking you to save your money and giving you back in present FD rates.
5.  Perhaps, the only person who may benefit is someone who cannot save without discipline, buying this forces them to save. 
6.  There are a lot of better products available.
7.  Those into this scheme has a high probability of losing money in real terms, when they take into account inflation.


PLEASE AVOID SUCH 'INVESTMENTS'.
Itís better to buy a wonderful company at fair price than a fair company at wonderful price.

1.  Understand the business
2.  Business must have DCA
3.  Management with integrity
4.  Buy at a sensible price

Big Fat Pitch.  Focus Investing.  Long term portfolio for capital appreciation and income.

Offline KLSE LOSSER

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  • Wat to do tis year.
Re: Hong Leong Cash Promise
« Reply #86 on: February 22, 2014, 05:05:48 PM »

Offline Raynard_Abraham

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Re: Hong Leong Cash Promise
« Reply #87 on: February 22, 2014, 08:54:00 PM »
This is a pictorial representation of the above scheme.
Let's assume that the $2,000 interest for the previous year is paid at the beginning of the next year.
The actual scenario is as depicted in the Chart 1.
This is equivalent to the scenario as depicted in Chart 2.



Chart 1.
Year   Capital      Int Rec      Ret of Cap
1   10,000      0      
2   10,000      2,000      
3   10,000      2,000      
4   10,000      2,000      
5   10,000      2,000      
6   10,000      2,000      
7         2,000      
8         2,000      
9         2,000      
10         2,000      
11         2,000      
12         2,000      
13         2,000      
14         2,000      
15         2,000      
16         2,000      
17         2,000      
18         2,000      
19         2,000      
20         2,000      
21         2,000      
22         2,000      
23         2,000      
24         2,000      
25         2,000      
26         2,000      
27         2,000      
28         2,000      
29         2,000      
30         2,000      
31         2,000      
32         2,000      
33         2,000      
34         2,000      
35         2,000      
36         2,000      
37         2,000      
38         2,000      
39         2,000      
40         2,000      60,000


Chart 2.
Year   Cap      Int Rec      Ret of Cap
1   10,000            
2   8,000            
3   8,000            
4   8,000            
5   8,000            
6   8,000            
7         2,000      
8         2,000      
9         2,000      
10         2,000      
11         2,000      
12         2,000      
13         2,000      
14         2,000      
15         2,000      
16         2,000      
17         2,000      
18         2,000      
19         2,000      
20         2,000      
21         2,000      
22         2,000      
23         2,000      
24         2,000      
25         2,000      
26         2,000      
27         2,000      
28         2,000      
29         2,000      
30         2,000      
31         2,000      
32         2,000      
33         2,000      
34         2,000      
35         2,000      
36         2,000      
37         2,000      
38         2,000      
39         2,000      
40         2,000      60,000



In chart 2, Let us calculate the future value of the cash flows at the 7th year assuming that the investment is growing at an interest rate of 3.5% per year.

         Growth      At 7th Year
Year   Cap      Rate                   each deposit has grown to
1   10,000      3.50%       12,292.55
2   8,000      3.50%       9,501.49
3   8,000      3.50%       9,180.18
4   8,000      3.50%       8,869.74
5   8,000      3.50%       8,569.80
6   8,000      3.50%       8,280.00


Total value at 7th Yr          56,693.77

As HL promises cash of $2,000 per year, this translates to a interest rate of
= $2,000 / $56,693.77
= 3.53%.

At the end, you received your $60,000.



How great is this investment?

1.  NOT good at all.
2.  Effectively, you are saving with HL and receiving around 3.53% per year.
3.  There is no growth in your initial capital.
4.  They are effectively asking you to save your money and giving you back in present FD rates.
5.  Perhaps, the only person who may benefit is someone who cannot save without discipline, buying this forces them to save. 
6.  There are a lot of better products available.
7.  Those into this scheme has a high probability of losing money in real terms, when they take into account inflation.


PLEASE AVOID SUCH 'INVESTMENTS'.


Again u guys are forgetting something.
Hong Leong Cash Promise:
1. Guarantee yearly income: rm10, 000 - rm2, 000
2. Cash dividends: the least hl is going to give is about 2%
3. Compounding interest: 5.25% yearly.
4. Complementary death benefit: important if you dont have a will. Banks will freeze your assets.

And u still think its only 3.53%?

GET YOUR FACTS RIGHT PLS!
Raynard Abraham,
Hong Leong Assurance bhd.
HP     : 017-3462-672
Email: Raynard8787@gmail.com

Offline Raynard_Abraham

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Re: Hong Leong Cash Promise
« Reply #88 on: February 22, 2014, 08:56:23 PM »
Hong Leong Cash Promise:

year      1year      total  :     G Y I           Cash Dividends     Compounding on total (GYI + Cash divindens)
1       100       100   20       x       ?                x           5.25%
2       100       200   20       x       ?                x           5.25%
3       100       300   20       x       ?                x           5.25%
4       100       400   20       x       ?                x           5.25% 
5       100       500   20       x       ?                x           5.25%
6       100       600   20       x       ?                x           5.25% 
7         0        600   20       x       ?                x           5.25%
8         0        600   20       x       ?                x           5.25%
9         0        600   20       x       ?                x           5.25% 
10        0        600   20       x       ?                x           5.25%
15 Y      0       600   20       x       ?                x           5.25%
20 Y      0       600   20       x       ?                x           5.25%
25 Y      0       600   Total based on age 36 and healthy:    RM1,663,155

Duration: 25 years (optional) 6 years minimum
Total Savings: 600k
Total Returns: 1,600,000
Total Earn    : 1,000,000(optional)
Guys, theres no need for all this confusion and what not "Confucius" has to say. What i am trying to tell you is,
 its as safe as saving your money in the FD and even FD doesn't "gaurantee" you anything.

N guys, I am sure that we are all business men out here, WE are all trying to "Touch the Sky"
BUT What about saving a portion for "The Rainy Day"

Cash Promise gives you a passive income for 25 years.

Its just like buying a "KFC" for 600k (paying 100k yearly to ease your burden.)
Then enjoy the benefit of 20k for 25 years. AND
When you wanna close down you get back your "investment" NOT GOOD AH???

to be honest with you, it may be lower then most of the risky investments lah, but its kept for a "rainy day" right??

And ASSUMING the FD rate is AT 3.5% you guys do the counting lah.

THEN u can call me, we'll make a date, have a cup of coffee and I'll give you a BLACK & WHITE point of view on how Cash Promise Will benefit you.
Raynard Abraham,
Hong Leong Assurance bhd.
HP     : 017-3462-672
Email: Raynard8787@gmail.com

Online iiinvestsmart

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Re: Hong Leong Cash Promise
« Reply #89 on: February 23, 2014, 07:51:42 AM »
Again u guys are forgetting something.
Hong Leong Cash Promise:
1. Guarantee yearly income: rm10, 000 - rm2, 000
2. Cash dividends: the least hl is going to give is about 2%
3. Compounding interest: 5.25% yearly.
4. Complementary death benefit: important if you dont have a will. Banks will freeze your assets.

And u still think its only 3.53%?

GET YOUR FACTS RIGHT PLS!


Please let us look at the whole product.
I will try to do some calculation to see how good this product is.
Then we can consider the potential returns and the risk (upside/downside).
Then compare with some alternatives.



Stock market returns over the long run.
Itís better to buy a wonderful company at fair price than a fair company at wonderful price.

1.  Understand the business
2.  Business must have DCA
3.  Management with integrity
4.  Buy at a sensible price

Big Fat Pitch.  Focus Investing.  Long term portfolio for capital appreciation and income.

Offline Raynard_Abraham

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Re: Hong Leong Cash Promise
« Reply #90 on: February 23, 2014, 08:55:46 PM »
I can't give you an exact number because of the cash dividends and the insurance element.

1. The cash dividends might vary from 3% to 6%. Or maybe more.
2. The insurance will depend on your age and how healthy you are.

What I can do for you is, if u just give me a call, tell me your age and how much you think you want to save. I will get a quotation for you. Everyones quotation would be alittle different depending again on their age. So I dont want to promise you guys anything.

The only promise I can make is if you save 100k with Hong Leong's Cash Promise, on the first year itself u would get a guaranteed amount of RM20, 000. And it's safe as Fixed Deposit.

1. A gauranteed yearly income.
2. Cash dividends
3. And extra 5.25 compounding interest on returns yearly.
4. A death benefit. So that this account wouldn't be frozen and within a week it will help your family.

Just call me, we can set a date, have a cup of coffee and I will show you in black and white how much you are able to get from Cash Promise from year 1to year 25 in detail.

1. How much u would get yearly is you don't touch this account.
2. How much u would get yearly if you decide to use the returns yearly.

And no worries, there is no obligation to save with us. Just a deeper understanding on how Cash Promise will benefit you.

THIS IS NOT AN INVESTMENT.

It's SAVINGS
Raynard Abraham,
Hong Leong Assurance bhd.
HP     : 017-3462-672
Email: Raynard8787@gmail.com

Offline Raynard_Abraham

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Re: Hong Leong Cash Promise
« Reply #91 on: February 24, 2014, 11:18:43 AM »
Anyone else interested?
Raynard Abraham,
Hong Leong Assurance bhd.
HP     : 017-3462-672
Email: Raynard8787@gmail.com

Online iiinvestsmart

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Re: Hong Leong Cash Promise
« Reply #92 on: February 24, 2014, 11:32:19 AM »
I can't give you an exact number because of the cash dividends and the insurance element.

1. The cash dividends might vary from 3% to 6%. Or maybe more.
2. The insurance will depend on your age and how healthy you are.

What I can do for you is, if u just give me a call, tell me your age and how much you think you want to save. I will get a quotation for you. Everyones quotation would be alittle different depending again on their age. So I dont want to promise you guys anything.

The only promise I can make is if you save 100k with Hong Leong's Cash Promise, on the first year itself u would get a guaranteed amount of RM20, 000. And it's safe as Fixed Deposit.

1. A gauranteed yearly income.
2. Cash dividends
3. And extra 5.25 compounding interest on returns yearly.
4. A death benefit. So that this account wouldn't be frozen and within a week it will help your family.

Just call me, we can set a date, have a cup of coffee and I will show you in black and white how much you are able to get from Cash Promise from year 1to year 25 in detail.

1. How much u would get yearly is you don't touch this account.
2. How much u would get yearly if you decide to use the returns yearly.

And no worries, there is no obligation to save with us. Just a deeper understanding on how Cash Promise will benefit you.

THIS IS NOT AN INVESTMENT.

It's SAVINGS



OK

This is an insurance product with a savings component.


My advice:

1.  AVOID this product.
2.  If you wish to have protection (insurance), buy term insurance for the purpose.  Cheaper and specific.
3.  For your savings or investments, you should seek other products and NEVER one linked with insurance products.


Itís better to buy a wonderful company at fair price than a fair company at wonderful price.

1.  Understand the business
2.  Business must have DCA
3.  Management with integrity
4.  Buy at a sensible price

Big Fat Pitch.  Focus Investing.  Long term portfolio for capital appreciation and income.

Online iiinvestsmart

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Re: Hong Leong Cash Promise - Don't buy insurance for INVESTMENT.
« Reply #93 on: February 24, 2014, 11:35:12 AM »
Buy insurance for PROTECTION.  Don't buy insurance for INVESTMENT. 

For the same protection, term insurance is more affordable than the insurance that gives protection with investment included.

Insurance products that also include investments are unlikely to give spectacular investment returns as these insurance companies are regulated and can invest in certain 'safe and low risk assets' only.

The savings through buying term insurance can then be invested into other investment products that may potentially give better returns.


 :handshake: :cash:
Itís better to buy a wonderful company at fair price than a fair company at wonderful price.

1.  Understand the business
2.  Business must have DCA
3.  Management with integrity
4.  Buy at a sensible price

Big Fat Pitch.  Focus Investing.  Long term portfolio for capital appreciation and income.

Offline cashflow technology

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Re: Hong Leong Cash Promise
« Reply #94 on: February 24, 2014, 11:44:37 AM »

OK

This is an insurance product with a savings component.


My advice:

1.  AVOID this product.
2.  If you wish to have protection (insurance), buy term insurance for the purpose.  Cheaper and specific.
3.  For your savings or investments, you should seek other products and NEVER one linked with insurance products.


Yes, Avoid this product at all cost.   :thumbsdown:

Offline Raynard_Abraham

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Re: Hong Leong Cash Promise
« Reply #95 on: February 24, 2014, 01:29:57 PM »

OK

This is an insurance product with a savings component.


My advice:

1.  AVOID this product.
2.  If you wish to have protection (insurance), buy term insurance for the purpose.  Cheaper and specific.
3.  For your savings or investments, you should seek other products and NEVER one linked with insurance products.




It's always up the investor on how much risk to take on your capital.

1. It's about 6 - 7 % returns on savings. Where else u can find a safe investment that gives u that percentage.
2. If the market crash in the near future. Which I think is coming soon. Atleast u have a lump sum saved.
3. In the event of death. All assets will be frozen. This would be a good back up fund.
4. This is not an investment. It is savings.

Which other savings gaurantee a 3.53% and up to 7% returns?
Raynard Abraham,
Hong Leong Assurance bhd.
HP     : 017-3462-672
Email: Raynard8787@gmail.com

Offline mark1970

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  • Part time Fund Manager. Full time Trader.
Re: Hong Leong Cash Promise
« Reply #96 on: February 24, 2014, 02:20:44 PM »
I can't give you an exact number because of the cash dividends and the insurance element.

1. The cash dividends might vary from 3% to 6%. Or maybe more.
2. The insurance will depend on your age and how healthy you are.

What I can do for you is, if u just give me a call, tell me your age and how much you think you want to save. I will get a quotation for you. Everyones quotation would be alittle different depending again on their age. So I dont want to promise you guys anything.

The only promise I can make is if you save 100k with Hong Leong's Cash Promise, on the first year itself u would get a guaranteed amount of RM20, 000. And it's safe as Fixed Deposit.

1. A gauranteed yearly income.
2. Cash dividends
3. And extra 5.25 compounding interest on returns yearly.
4. A death benefit. So that this account wouldn't be frozen and within a week it will help your family.

Just call me, we can set a date, have a cup of coffee and I will show you in black and white how much you are able to get from Cash Promise from year 1to year 25 in detail.

1. How much u would get yearly is you don't touch this account.
2. How much u would get yearly if you decide to use the returns yearly.

And no worries, there is no obligation to save with us. Just a deeper understanding on how Cash Promise will benefit you.

THIS IS NOT AN INVESTMENT.

It's SAVINGS


Hi

Is the 20k income reinvested on paid out?

Can you give a rough projection how much would i get (including conservative cash dividends and interest) if i withdraw everything at the end of 6th year if i go for the minimum 6 years plan? Say 100k savings per year.

Online iiinvestsmart

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Re: Hong Leong Cash Promise
« Reply #97 on: February 24, 2014, 03:55:04 PM »
It's always up the investor on how much risk to take on your capital.

1. It's about 6 - 7 % returns on savings. Where else u can find a safe investment that gives u that percentage.
2. If the market crash in the near future. Which I think is coming soon. Atleast u have a lump sum saved.
3. In the event of death. All assets will be frozen. This would be a good back up fund.
4. This is not an investment. It is savings.

Which other savings gaurantee a 3.53% and up to 7% returns?


Simple logic points out that the returns from such scheme are poor.

What you put into the scheme in the early years, you receive back at the end of the period at the same amount.  Therefore, already, the PV of this future cash flow is already so much lower than what you "invested".  On top of that, what you received in "income" is miniscule. 

It is better for young people to take a bit more risk in their early years of investing.  Provided, they know how.



Itís better to buy a wonderful company at fair price than a fair company at wonderful price.

1.  Understand the business
2.  Business must have DCA
3.  Management with integrity
4.  Buy at a sensible price

Big Fat Pitch.  Focus Investing.  Long term portfolio for capital appreciation and income.

Offline Ļaughing Ģor

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Re: Hong Leong Cash Promise
« Reply #98 on: February 24, 2014, 03:57:13 PM »
Buy insurance for PROTECTION.  Don't buy insurance for INVESTMENT. 


Yes! Well said!
Can someone to give me a Loan and then leave me Alone?

Offline Raynard_Abraham

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Re: Hong Leong Cash Promise
« Reply #99 on: February 24, 2014, 06:58:51 PM »
Hi

Is the 20k income reinvested on paid out?

Can you give a rough projection how much would i get (including conservative cash dividends and interest) if i withdraw everything at the end of 6th year if i go for the minimum 6 years plan? Say 100k savings per year.
Email me your date of birth and full name and I will produce a quotation for the next 25 years

1. If you decide to accumulate the returns.
2. How much will your returns be if you wish to use the 20k yearly.
3. If the cash dividends pay out at 4% and 6%.

All the information you need accurately will be shown.
Raynard Abraham,
Hong Leong Assurance bhd.
HP     : 017-3462-672
Email: Raynard8787@gmail.com