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Old 01.11.2010, 12:22
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Investment Fund Savings Plan/Income Plan

Hello!!

Did any of you had experience with any Investment Fund Savings Plan/Income Plan?
I was looking the ones form credit Suisse and seemed really good..For example, (numbers are approx.) with a capital of 20,000 and a monthly payment of 1,500 in one year you will reach a final amount of 50, 000,practically 20,000+ 18,000(1500*12)=38,000 my annual payment and 12,000 will be the earned money. Sounds good, right? I am wondering If I am missing something… Of course I intent to contact them and discuss this in detail, however do you know where the risk can lay or where is the catch, if any?

Thank you…….
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Old 01.11.2010, 12:28
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Re: Investment Fund Savings Plan/Income Plan

hi there
this invest figure can charming.. only to lure you into there cash pooling strategies. i propose to meet the bank officers for a direct discussion on the real + actual yield you can expect from an investment
cheer
arewa77
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Old 01.11.2010, 12:32
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Re: Investment Fund Savings Plan/Income Plan

I think you are missing something. YOu need to earn an interest of 35% p.a to get that.

I am guessing that monthly payments is actually annual payments. So annual payments of 1500 ?
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Old 01.11.2010, 15:40
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Re: Investment Fund Savings Plan/Income Plan

Maybe it is like this: Fr.20,000 down

Fr.125 per month, or Fr.1500 annually.

for 12 years.

Total you paid in after 12 years is Fr.38,000. IF it earns an average 3% per annum, you will have Fr.50,000. This is nothing special, but, it is a big IF.

My usual question for investment funds is their commissions. It is no use if you choose a fund which expect to earn 4% but they charge 2% annually for their management fees. Even worse, they say they charge only 1% fees, but forget to tell you that there is a minumum charge of Fr.50 (which if you pay Fr.1500, is a lot more than 1%).
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Old 01.11.2010, 15:45
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Re: Investment Fund Savings Plan/Income Plan

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Maybe it is like this: Fr.20,000 down

Fr.125 per month, or Fr.1500 annually.

for 12 years.

Total you paid in after 12 years is Fr.38,000. IF it earns an average 3% per annum, you will have Fr.50,000. This is nothing special, but, it is a big IF.

My usual question for investment funds is their commissions. It is no use if you choose a fund which expect to earn 4% but they charge 2% annually for their management fees. Even worse, they say they charge only 1% fees, but forget to tell you that there is a minumum charge of Fr.50 (which if you pay Fr.1500, is a lot more than 1%).
It sounds like this is a 3% guaranteed net return. Which is fair, but not great.
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Old 01.11.2010, 15:49
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Re: Investment Fund Savings Plan/Income Plan

Do not trust Credit Suisse. I have over a decade of experience dealing with them and investing in their funds: what a mistake. I have only lost money based on their recommendations, my financial "advisor" was a different person each time, they outright lied to me about the management fees (saying as a CS customer I was exempt from paying managements fees...the trick is they embed them in the rate so it is invisible, but very much there).

If you don't have at least a million invested you are little more than a cockroach to them. Stay clear of Credit Suisse (and UBS for that matter).

If you really want to invest in the stock market do it directly with a low-cost broker and invest in a simple Index Tracker fund.
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Old 01.11.2010, 16:32
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Re: Investment Fund Savings Plan/Income Plan

is there any program who will accept bank instruement as well ? for weekly or monthlu payout ? how we could reash the trader or asset manager ?
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Old 01.11.2010, 16:40
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Re: Investment Fund Savings Plan/Income Plan

I would suggest that you go personally to the credit suisse bank and speak with the customer service manager .They will direct with you with investment portfolio manager .This will help you in taking the right direction.
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Old 01.11.2010, 22:46
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Re: Investment Fund Savings Plan/Income Plan

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If you really want to invest in the stock market do it directly with a low-cost broker and invest in a simple Index Tracker fund.
+1 for a simple index tracker fund. If you just want to put in an annual amount and not have to manage it for the next 10 years, this is probably the simplest. Because it is quite basic, it usually runs at very low commission levels.
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Old 01.11.2010, 22:52
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Re: Investment Fund Savings Plan/Income Plan

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+1 for a simple index tracker fund. If you just want to put in an annual amount and not have to manage it for the next 10 years, this is probably the simplest. Because it is quite basic, it usually runs at very low commission levels.
-1 for a simple index tracker fund. Obviously if you know what you're doing and you have time to devote then great. Financial planning in general isn't about simple market exposure (which market, for whom, at what stage in life?). Most people will enter the market at the wrong time, need their money while the market is down and all in all be in for an expensive (though low cost) exercise.
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