Golden Plan 8

Golden Plan 8, sounds like gold investment or smth relate to retirement though.

The Golden Plan 8 is the sequel of the Golden Care Plan launched by Nirvana Corporation Berhad in 9/9/2008. Nirvana Corporation Berhad is the No.1 Bereavement Service Provider in SEA and listed in Bursa Malaysia.

What is Golden Plan 8?

The golden plan 8 provide an opportunity for risk-averse investors looking for high return.

There are two components in Golden Plan 8,

1.The Urn Compartment in "Tang Villa", Shah Alam Memorial Park(can be transfer at anytime)

2.ING investment fund (its' unit trust fund that can be transfer at anytime too)

WHy it is an opportunity?

Malaysia is facing inflation year by year, did your money grow in tandem with the inflation?

 Now, the compartment is selling at attractive price especially for early bird.

^Let's take two scenarios as example,

1.Buying the compartment at RM20,000 & for self-use only. 5 years later, it appreciate to RM40,000. Your will get 14.8% saving every year. In addition, you get certain of ING investment fund for free.

2.Buying the compartment at RM20,000 & for investment purpose. Selling it 5 years later for RM40,000.

Your will get 14.8% return every year. Even after selling the compartment, you can still maintain possession of the investment fund.

From these two scenarios, there are Double Return for investment

Although the price of compartment after 5 years is depend on market conditions, but always remember that you can hold the compartment until it appreciates.

Conclusion:

I personally think that investment in the bereavement products is consider a new trend in Malaysia. The Golden Plan 8 is an opportunity for everyone, whether for self-consumption or investment.

For sophisticated investors, have you start your plan to diversify?

For more information about the Golden Plan 8, contact Nirvana at this toll free number 1800 - 88 - 1818

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Life Settlement

The crash of subprime mortgage securities is still fresh in mind. Well, the great bankers are heading to a new product that could bring them back to profit like before. Guess what is in their mind this time? Plantation? Technology? F & B? No, no, no. The meat they want is life insurance.

What is life settlement?
In US, many ill and elderly person default on paying premium on their insurance policies as they counln't afford it anymore or their families do not need the insurance payout during the death of the elder or premium might become too expensive.
In the past, dying people lapse the policy and insurance companies making more money as there is less payout.
Now, there is a new option for the ill and elderly people. Investment bankers planned to established a market where the ill and elderly people can sell their policy for cash.
The investment bank will bought over the policies and continue to pay premium. Then, the policies will be "securitized" into bonds or other collateralized securities. These would then sell to investors.

How to define Profit or Loss?
Most people know that the cash value in an insurance policy is less.
^For example, a policy cover up to $1million of payout may have cash value of $100,000.^
So, the premium are to be paid continuously until the insured (the ill and elderly seller) reach a condition to entitle for payout (mostly is death).
If the insured die very soon and less premium being paid, then the investors will make profit from their investment.
If the insured die after many years where a huge amount of premium being paid, then the investors will make loss from their investment.
Profit or loss is greatly depend on insured life expectancy.

Advantages of life settlements
1. Creating a platform for ill & elderly people to sell their policy for cash in case they don't need it anymore. (20 to 200% higher than the surrender value)
2. Investors had got a new type of investment vehicle. ( The market for life settlement has less correlation with the market and the overall economy. Systemic risk will be minimum)

Conclusion:
Life settlement is nothing new, but the investment banks such as Credit Suisse and Goldman Sach had eyed on the $26 trillion life insurance market in US alone. By creating a new market, Wall Street investment bankers (the big conman) can again make sky-rocketing profit from creating the bonds, selling them, and in the end trading them.
In the long run, the payouts by insurance companies become higher and the premium would rise subsequently. In other words, layman like us would suffer for paying higher premium. Let's pray that this investment vehicle doesn't come to Malaysia. ><>

For more info, click here.

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Citibank-Reader Digest Contest

Did anyone received a letter sent by reader digest attached with a RM250,000 mock cheque and car keys? The letter notify you to subscribe to 1 year of reader digest at discounted rate.

How it works?
Of course, the subscription of 1 year reader digest magazine entitle you a right to participate in the whatever contest. But you will get a free watch upon the subscription.
Then, you will automatically enter the contest of winning a car and RM250,000 paycheck by replying to the invitation via sending back of authorization for subscription attached with the mock cheque and the car key.

Do you think you can win?
I personally think that this is a marketing oriented strategy. So, the chance of winning is extremely small. Moreover, the invitation to subscribe is limited to selected Citibank Credit Card users. Which means you will still have to compete with tenth of thousands of Citibank Credit Card users.
Lastly, Reader Digest company had file for chapter 11 bankruptcy to reduce debt. I think your subscription money can be a portion RD's debt reduction policy, the marketing gimmick continues.

Please share your comment =)

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RM1.80 for RON95 Petrol

The government had phased out RON92 petrol and replace by RON95 petrol in major petrol kiosks. However, the initial pricing of RM1.75 per litre had been increased to RM1.80 per litre due to rising world oil price. I am sure that many Malaysian had been disappoint by the announcement. For every full tank of petrol, let say 30 litre. (30*5 cents) We should make a saving of RM3, which afford us at least 2 roti kosong + 1 teh tarik or 1 nasi lemak + 1 teh tarik. Now, everything had gone. The expectations of saving money by using RON95 petrol shattered.

List of RON95 compatible vehicles, the below list exclude models from Honda. From the source of MalaysianInsider.com, all Honda models released since 2001 are compatible with RON95 except Honda Civic Type R.

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