Read? When Your Bank RM Called??? (5)
Sillyinvestor 26 December 2020 at 11:29:00 GMT+8
Hmm CW,
You haven answer Hyom or I could not fathom enough. Any impact if interest rate raises? Is 10 years and is a long time
Reply Delete
Doing some Maths to keep his mind functioning! LOL!
RM's illustration is based on projected income @ 4.75% return on top of guaranteed fixed monthly income and projected bonus.
Projected 4.75% return by RM may be too juicy so Uncle8888 used 3.25% to do his Maths!
Actually; the real investment gains from this Premium Financing plan will depend on how well Uncle8888 invests this free up $144K which was previously locked up as Cash asset under AUM in the Bank earning low interests.
Time for him to power up! LOL!...