The poor are sure going to buy this latest scheme to make them rich. Most times these poor people are targeted by crooks out to con them with fantastic returns scheme promising 50-100 and even 200% returns for just meager lump sum investment.
So to believe a scheme that promises so much for practically so little is sure going to be a winner at least in terms of election bait.
This is the Skim Amanah Rakyat 1 Malaysia just launched and promises 32% return a year or two and half times return in the whole 5 years tenure. It combines a unit trust investment and loan product.
If you invest RM5k you can choose to get a fixed monthly return of RM134, or else re-invest these proceeds in the scheme, to RM13,000 at the end of five years.
The magic of this product is you can even take a loan, yes half a billion ringgit of loan up for grabs for the lower income earning between RM 500 and RM 3,000. You borrow and you repay RM84 which gives you RM50 spare change. At the end of five years, the families would receive RM10,000 each.
How is it that those highly paid investment fund managers can't think up of such high return but the remarkable 1Malaysia can? Shows he is an economist after all right? With astronomical returns, 1Malaysia makes Warren Buffett really like a juvenile kid investor right?
Noone is sure how they are going to get so high returns. Which bonds or equities are giving such high returns of above 32% so that the government would not lose a sen to pay the promised dividend? Must be the oil palm when they public list that Felda company, that Global company is going to earn billions to pay these poor investors.
With such high returns goes to show our government fund managers are really smart fellows. Can we ask the EPF fellows to learn the secret or trick from the Amanah fun?d managers how they managed to get 32% returns! My three capital guaranteed fund return was valued less than an egg. Only got back the capital and NO RETURN. Selling an egg gives me a higher return than having invested for a cumulative total of nine years yielded zero return!
Now our government fund managers have found the magic equities or bonds to invest in to get such stella return.
It's really unbelievable which puts our Pakatan fellows to real shame! For half a billion ringgit, they are able to generate two and a half times more which is 13 billion ringgit!!! We are certainly out of the fear of bankruptcy right?
But how can these low income chaps get the loan? If you loan RM5k you can earn RM10k means dirt cheap interest rate right? Which means financial institutions can afford to give lower rates so that all of us are able to save a lot which will help us spend our way out of any bankruptcy right?
Seriously, the Scheme is just a charity to the poor as likely you don't need to come up with a sen to borrow RM5k. You need to find at least 21% interest compounded yearly to give that return. Where is the money coming from? Taxpayers money? Or is it some Ponzi scheme?
Which magic investment basket of goodies is yielding above 20% because many millions of investors would also want to invest. Why is 1Malaysia so stingy in not publicly telling us where they are investing to get such returns? It will help all those who are suffering from the unit trusts they are holding on to that is worth less than the price of an egg, for 1lot not per unit trusts mind you! That will help millions out of their misery losing so much of their savings?
Those who lost in the unit trusts offered by fund managers and financial institutions are already in dire straits and considered poor. Cannot 1Malaysia reveal the super investment secret so that the fund managers can help at least to return the initial capital investment of the millions of these unit trust holders?
With the kind of super intelligent and mind boggling fund managers in the 1Sara scheme able to churn out an outstanding unbelievable 32% return, BolehLand fellows have no reason to fear the reaching 50% of debt! We will be able to invest whatever billions is left and get at least 32% return in five years!
The Wharton School of Economics and LSE and the many thousands of MBA offering institutions must surely be descending to Putrajaya to learn about the new investment theory in getting guaranteed super high return!
With such promising guaranteed return, it does make many middle income who are poor wishing they are even poorer too right? Imagine in five years time, they will leapfrog from the poor band to bypass the middle income to the upper and near rich group too right? And good news to 1Malaysia if they are still around, it means more taxes coming in! No more debts everything surplus 32% times more!
We must certainly be proud to live up to our BolehLand tag again, this time as the World's Best Unit Trust or Investment or Fund Manager.
Still doubt 1Malaysia who always reminds us that we are so fortunate to be living in a land of milk and honey and a government that does not take sides, is not corrupt, cares for everyone justly and fairly and able to wipe off the poor label of 100,000 people in five years time? The return is instantaneous, not even five years, the first month already earn them middle income level because they got RM50 extra to spend compared to the middle income group, right?
Bet after the launch of this Scheme, Putrajaya must be having calls from Greece, followed by Iceland, Germany, Italy, France, even Uncle Sam and don't forget the banana republics of Africa on 32% returns investment 101 lessons right? - YAHMEH!!!
That sounds pretty nice, I think that it is a good thing to try investing in at least something during your life. It is a good skill to have, if you can learn how to do it effectively. If you study up on it, you can usually make a pretty good investment.
ReplyDeleteJason.
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I have been wanting to invest in a company for awhile now. However I can't find one I feel comfortable with. Should I just risk it or wait until things start to pick up a little more?
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