Thread: PFS-Platinum Financial Services: Ok?

send me privately your statements Baldrick, I will be happy to calculate your true rate of return on an annual basis, you will be amazed how poor they would be.

I will be curious on what techniques Generalli is using to "hide" their fees. Probably kickbacks from Fund Management company.

Btw, Generalli was sanctioned by some European regulatory entity a few years ago for their aggressive and misleading sales techniques. It's a competitive market.

Those guys are currently promoting their platform to expats in Thailand, they do everything from legal, tax advisory, loan and mortgage, and Investment Funds.

https://www.devere-group.com/

Originally Posted by Butterfly

let alone 14% per year.

I am not saying 14 % per year - it has been going about 3 1/2 years and the cash out amount is 14% higher than contributions

I don't really give too much of a fcuk as it is just a bonus

so what happened to your claim it was about 10% per year ? you were talking out of your ass again ?

14% over 3.5 year is quite poor, it's less than 4% per year compounded, and depending on the asset you were investing, you did worse than a basic Index Fund with no fees over the last 3 years. The rest of your performance was taken by Generalli administrative fees, so any gains are being taken out in fees, I guess for some it's still better than eating out directly into your capital. If next year proves to be bad for the asset class you are invested into, you bet that poor 14% over 3 years will turn to some negative numbers once Generalli gets all their fees. Watch out.

Conclusion = it's a free bonus from your company but it would be better invested in whores, beers or bars in Pattaya

Originally Posted by baldrick

the cash out amount

also check the exit fees, any amount to be taken out definitely before the term of the plan will be charged some penalty fees. Basically, they lock you in all kind fees for the life of the plan. Even taxes wouldn't be that high in most countries.

Originally Posted by Butterfly

also check the exit fees,

yes , but I think it is acceptable

Thank you for your email.

- Please be advised that there is a withdrawal charge of $50 which will be taken from your account.
- If you wish to specify a certain percentage from your investment election please just write this on your form, for example 20% from JPM Pacific Securities.
- The payment of balance means where you would like the withdrawal amount to be paid. You can provide bank details or an address to send a cheque.

Once you have completed the form, please email it to myself for processing.

I hope this is of assistance, however if you have any queries please do not hesitate to contact me.

Originally Posted by Butterfly

Conclusion = it's a free bonus from your company but it would be better invested in whores, beers or bars in Pattaya

I am thinking that early next year as it is in USD I will place most of it in the bank in a USD account and wait for the cutting back of the stimulus and then convert to SGD

Originally Posted by Scandinavian

Royal London 360 Quantum

Infinity Solutions, based in Bangkok, have spoken to me about one of the Quantum funds, Royal London was one of them and another one.

Initially it looked good, for a 30 year fund. Until I realised that ten years into it they were taking 10% of what I paid in. So for every $1000 US I paid in $900 made it to my account.

Didn't seem right so I spent my money on beer instead.

Originally Posted by mrsquirrel

Didn't seem right so I spent my money on beer instead.

A shrewd investment.

Originally Posted by mrsquirrel

Initially it looked good, for a 30 year fund. Until I realised that ten years into it they were taking 10% of what I paid in. So for every $1000 US I paid in $900 made it to my account.

Didn't seem right so I spent my money on beer instead.

here we go, the best part is their "investment professional" not even blinking when they tell you they will charge 10% on your money for doing fuck all. Like I said, they could be running boiler rooms with their poker face.

Originally Posted by baldrick

yes , but I think it is acceptable

the 50 USD is nothing, but depending on your plan, they might still charge you the full 5% to 10% on the initial amount deposited, even if you take half of it out of the plan. Check the fine prints.

So in short, they would still charge the "administration" fee on the amount you withdrew. Fucking priceless, isn't it ?

Originally Posted by Kurgen

Originally Posted by mrsquirrel

Didn't seem right so I spent my money on beer instead.

A shrewd investment.

Amen.

Originally Posted by Butterfly

Originally Posted by mrsquirrel

Initially it looked good, for a 30 year fund. Until I realised that ten years into it they were taking 10% of what I paid in. So for every $1000 US I paid in $900 made it to my account.

Didn't seem right so I spent my money on beer instead.

here we go, the best part is their "investment professional" not even blinking when they tell you they will charge 10% on your money for doing fuck all. Like I said, they could be running boiler rooms with their poker face.

He was.

I know some that have invested with him, it wouldn;t be my place to tell them not to however I wasn't confident with what was told me to.

I was shown a 'what i need by the time i retire' chart, even with what I planned to put away, I was still about 300k GBP under the target amount.

I will just keep paying my life insurance montyhly until I'm 65. If the missus is still alive, then she cann fuck off, if the kid hasn't managed to sort herself out by then, she can have the money and blow it on smack and whores.

64 years and 11 monthw look out for me in the Pattaya jumpers thread,

^ your claim, not sure what you are reporting is even true since you get easily confused between contribution and returns as previously demonstrated.

anyway, what is the asset class they have invested into ? if we are to calculate returns and then annualized return over several periods, I need the asset value as the end of each period. You probably don't even know where to look on your statement for those.

first step to investment analysis: learn how to read a statement and locate the items needed to calculate returns

can you even locate the lines for the "administrative fees" ? probably not

no butters

above is hyothetical , but similar

but I would like you to explain where is the problem - 12k is put in and after 12 months I could retrieve 13.8k ( less 50 USD )

forget this drivel about asset class , annualized blah blah - this is the snake oil of your average financial consultant

I can look at my statement - I see what has gone in and what I can retrieve.

Originally Posted by baldrick

above is hyothetical , but similar

it's not similar, it's over simplification that doesn't exist in the real world. If you can't read your own fucking statements, then it's a pointless exercise.

The whole purpose of investment analysis is to do a comprehensive calculation and eventually do a comparison with other asset classes. For that, you need to understand statements and resolve the discrepancies between what is reported and what is actual. So, no, it's not similar. Only in a mickey mouse club for investment, it's very simple, but not in reality.

Hope that helps, but send me your actual statements etc... and I will "analyze" it for you as an exercise. Always happy to teach someone to be smarter about their investment.

Originally Posted by baldrick

this is the snake oil of your average financial consultan

do you understand the concept of the time value of money ? it might be snake oil for you, but it's the pillar of modern finance and capitalism. Thais for example don't have that concept, that's why they have unrealistic expectations and ends up losing money most of the time.

nobody is interested with hypothetical, actual and accurate numbers is what you need to do investment analysis. You sound like a "boiler room" guy with his hypothetical 300% per year.

I want facts, not some BS story with a BS statement you probably can't even read properly.

Originally Posted by Butterfly

but it's the pillar of modern finance and capitalism.

attempting to baffle with bullsh1t

all this waffle and trying to tell me I do not know is essentially your average boiler room pitch

I have told you - my statement says

the total that has been deposited by my company +14% - 50 USD is what I am entitled to cash out

the asset class that I care about is cash - the total fluctuates slightly with the price of the share bundle and I am only concerned about that as I think the stock market will have a good stumble when benake turns off the tap

Originally Posted by Butterfly

resolve the discrepancies between what is reported and what is actual

what discrepancies - are you telling me that what they have said in their email reply is a lie ?

Originally Posted by baldrick

attempting to baffle with bullsh1t

bs ? you mean like you claiming you were making 15% per year when it was actually over 3 years ?

Originally Posted by baldrick

I have told you - my statement says

you don't know what's on your statement, that's my point. Show your statements in details and I will call you on your BS.

I have read hundreds of those statements for dozens of individuals, it's always the same story, they think they understand their statements while in fact they always got it wrong with approximation. They think they make 15% but actually lost 15%

You are no different,

Originally Posted by Butterfly

you mean like you claiming you were making 15% per year when it was actually over 3 years

quote it then ?

I have stated many times that the total is ~15% more than the sum of what has been deposited

Originally Posted by Butterfly

you don't know what's on your statement, that's my point.

of course I fcuking know what is on my statement - english is my native language you Quebecois merkin

not everyone needs a "low noise investment" , "time and space arbitraged" with "background corroboratory timeliness evacuation "

listen you uneducated British chav, you are barely literate in your native language, and at your age, reading is becoming a problem.

there is nothing sophisticated in analyzing properly your account, or maybe it is for you as some low level engineer

stop being a petty British chav for a minute, and get the proper education I am offering you. If you are too dumb and stubborn to understand that, then there is nothing I can do

Originally Posted by Butterfly

quote it then ?

see below, in the order of appearance in the thread

Originally Posted by baldrick

its given about 10% a year

Originally Posted by baldrick

I just look at the total of the contributions the company has made and the member valuation

I just did the calculation - it is 14%

you posted 14% per year, not 15%

Originally Posted by baldrick

"low noise investment" , "time and space arbitraged" with "background corroboratory timeliness evacuation "

is that what it says on the Generalli brochure ?

Originally Posted by Butterfly

there is nothing I can do

we are in agreement then

indeed, you are dumb as a rock and confuse annual returns with total multi-periods returns,

and then get all minced up when called on it

anyway, don't forget to spend it all on whores and bars when you are in Pattaya, annual returns won't matter then