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Unit Trust Bank Scams

August 18, 2007

Five years ago I was cajoled by the DBS bank teller to enroll my money into a 5 year 5% interest guaranteed Unit Trust plan. I invested my hard earned $10,000 money hoping to get a better deal than 1.5% interest in savings account.

 They initially deducted $300 as processing fee from my investment of $10,000.

Five years has passed  and I was eagerly awaiting the computation of my 5% for my 5 years investment.

Today I opened my account and saw that my money has only earned $189 for my investment for 5 years.

So BEWARE of banks come on regarding this Unit Trust…the bank earns more from your money. Better invest it somewhere else 

 

Posted by tonylopez at 9:12 pm | permalink

Previous Comments

tol subukan mo ang mutual fund, nag invest ako noong 2005, ang NAVPS noon ay 6.00 pesos palang ngayon mga 12.00 pesos na

Posted by dexter at February 5, 2008, 7:49 pm

try mutual funds

Posted by dexterslab at March 14, 2008, 7:10 pm

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