Move over JP Morgan and other investment gurus like Warren Buffet.....this Malaysian scheme will leave you for dead.
According to the malaysiakini article 1M'sia investment scheme: Old wine in new bottle?, the Malaysian government has devised a scheme that will pay an investor back an investor RM13,000 if he invests RM5,000 in the fund for 5 years.
That is a pretty good scheme if the returns are guaranteed; quite unlke unit trusts where the manager can never guarantee the return and even your capital can decline.
So why is the government only doing this now?
Well the General Elections are due soon and the BN regme is touting this scheme as proof they are transforming the nation.
But for me, this is a blatant form of vote buying!