Advice on AIA Pro Achiever

[jason1239]

This is a product that was introduced by my friend, it is pure investment on unit trust partner with mercer. Should I just learn to invest on myself or just leave it to the company?

 

[JuniorLion]

This is a product that was introduced by my friend, it is pure investment on unit trust partner with mercer. Should I just learn to invest on myself or just leave it to the company?

I took a quick look at it.

Short Answer:
Looks very much like an ILP, repackaged and complexified. People always say "Stay away from ILP."

Even DCA in sti etf can net you better returns!

 

[Shion]

You should do the investments yourself.

 

[Shion]

https://www.my15hourworkweek.com/2014/04/27/money-mistake-19-aia-achiever-plan/

http://sgcompareinsurance.com/pros-and-cons-of-aia-pro-achiever/

 

[jason1239]

I guess my gut also told me the same thing to invest on my own as the product is 12years!!!

 

[jason1239]

Thx for the reply

 

[computers70]

Take a look at the charges, this will tell is the product worth.
If your friend is pushing to hard, it means the comm is good. If he is just sharing, most probably the comm is not very good or it is just not worth the agent time

 

[jason1239]

But for investment best is to stay away from insurance agency and diy it myself?

 

[akwl88]

But for investment best is to stay away from insurance agency and diy it myself?

never mix investment with insurance

 

[jason1239]

never mix investment with insurance

But for this product I been told is 100% will go into investment and there is no insurance in it

 

[jason1239]

But for this product I been told is 100% will go into investment and there is no insurance in it

https://ibb.co/ehQk1b

 

[anfielder]

But for this product I been told is 100% will go into investment and there is no insurance in it

the insurance is minimal, but it's not true that there's no insurance.

 

[Shion]

https://ibb.co/ehQk1b

Still showing 4% and 8% ? Wow...

8% non-guaranteed, break even at 10th year
4% non-guaranteed, break even at 13th year

Lets look at the par fund performance from the insurers:

 

[jason1239]

Still showing 4% and 8% ? Wow...

8% non-guaranteed, break even at 10th year
4% non-guaranteed, break even at 13th year

Lets look at the par fund performance from the insurers:

Haha yup. lucky I done some homework

 

[Shion]

Haha yup. lucky I done some homework

The pre-2008 days have yet to return.

IIRC 2004-2007 the insurers returns were well above 10%

 

[kangkang86]

But for this product I been told is 100% will go into investment and there is no insurance in it

Was also quoted this product a few days ago. No insurance portion. Just invest in the funds recommended by mercer. After 12 years, for each dollar you put in after that they give you $1.05 worth of units. There's also no bid and offer spread for the funds.

 

[jason1239]

Was also quoted this product a few days ago. No insurance portion. Just invest in the funds recommended by mercer. After 12 years, for each dollar you put in after that they give you $1.05 worth of units. There's also no bid and offer spread for the funds.

Did u buy the policy?

 

[anfielder]

Was also quoted this product a few days ago. No insurance portion. Just invest in the funds recommended by mercer. After 12 years, for each dollar you put in after that they give you $1.05 worth of units. There's also no bid and offer spread for the funds.

The annual management fee for such funds is somewhere around 2% per year. As your portfolio increases in value, AIA's cut of the fee gets bigger and bigger. How else do you think they can give you extra 5% worth?