Last night, I'm attending Advance Premier's launching held by Citibank and PT.Avrist at Bakerzin. again, I'm faced with bunch of delicious food *God please help me. I love their roasted chicken and fish & chips, desserts were also great, so for the food, it's okay.
But their main attraction, the product itself, not really good. In my own opinion, it sucks. Their main purpose is for investment in foreign investment, but the proportion is bad. 80% in Indonesia's bonds and 20% in foreign bonds. Oh God, how many return you can get when you invest only in bond? Their backtest result shows 5.5% minimal and 9% at most in return. Contract is for 6 years. oh my, bad bad product. You must pay the management fee for $1.5 each year, administration fee $3 each month and if you break your contract before 6 years, you'll be charge 8% from your investment. Good side from this product, you can get 125% of your investment for life insurance, which you can also get from the same kind product but from other company with better return.
Conclusion : never ever buy that product. It brings a lot profit for Avrist and Citibank, but not for customers.
Another news, JCI drop 8.88%
This is a good moment for new investors, but really bad for us who already invested :(
Not really bad because we can still out our money in cause it will be a big bounce after this
I already got a big feeling about this and HSBC already told me this is going to happen. Too bad I didn'd listen to my feeling and what HSBC said. So, I didn't redeem my shares.
