Exchange Traded Endowments

Dear Mr. Tan,
I've never heard you mention about Traded Endowment Policies (TEP). Well, I might have overlooked your articles. Is it true that TEPs are safe even when the market's down because they claim that one can still get average returns of 6-8% during times of uncertainty.

Here's the link.http://www.tradedendowment.com/index.php?option=com_content&task=view&id=29&Itemid=40
Your thoughts please

REPLY
I have written about traded endowment policies in my blog. You can search my blog for my articles.

I advise against investing in these products as the intermediary, who arranges the investment, takes a fee (which is usually not transparent). As the investor, you carry the risk.