Shall I terminate by bank investment product?

Dear Mr Tan

I have invested $5000 on an investment product from a bank which give me 10% upfront. The investment will mature upon reaching 15% or upon a period of 10 years. It is based on the 3 least performance funds to determine the % of gain.

After 3 years, I notice that the gain is always 0%. Should I cancel this investment? Is it not advisable to buy investment products from banks as their charges are higher?

ET

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Dear ET

You should ask the bank what you will get, if you terminate the plan now. I suspect that you might have to suffer a loss. In that case, it may not make sense for you to withdraw from the plan.