Innocent VS Calm --
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yesterday have our lunch at commonwealth with liting , mei ping , and qian ting. Was being caught by those agent selling some kind of policies. Then they bought us to their roadshow and started to promote their policies. There was 2 of them , named Aces and "No.5".... Hear quite a long while. They said we just have to put in $70/mth and you will received a 3% interest monthly. Yes , of course at the beginning you will be attracted by the 3% instead of those normal bank which just gives us 0.25%.
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But all this benefits has its bad points.
You cannot withdraw any money for the first 2 years.
After the 2 years , you only can withdraw 63% of your yearly deposit.
It means we cant flexibly use our own money.
The polices will only end it at the end of 25 years.
Can you imagine , what if one day we die suddenly , then our money will goes to them.
In the end , liting and mei ping was convicts by them. Then they start to tell us other better policies.
$70/mth - 4% interest - Cant withdraw any money for the whole 25 years. This is like crazy. So it means that one year $840. Then end of 25 years is $21 000. O man. I save up $21000 but cant use it. What kind of logic.
Another one is , pay $840 in one shot for the whole year , 5% interest. Money can be withdraw after the second year.
Seriously i don't really find its good. The agent keep asking me to sign up. I said I'm not sure have to ask my parent , he still insist me to give a reason.
In the end , liting sign for the normal 3 % policy , mei ping sign for the 5 % policy. After all the application has made , they were ask to paid for $70. At first i thought its a admission fees but later on then i was heard by liting , its was for the first month payment. And since mei ping is signing for the the 5% policy , she have to make a payment of $840. Without asking for parent consent and any consideration , mei ping hand her $840 cash to the guy. What a risks , she was a risk-taker instead we can call her silly. Haha , then this morning during class liting said she ask comment from her sis , she feels that the policy is not that good and wanted to cancel it. SEE , see , i told you. Mei Mei 16 only also more calm and steady with this stuff. You two so big liao , but look like so innocent. Aiyo...!
Labels: Innocent VS Calm
August 2008
