Ten years ago (or thereabouts), I invested $50,000 in a unit trust with Fundsupermart in the name of my wife.
I had trouble logging in to their website as I forgot the password. They send statement to me encripted with their PDF password. I was not able to open the statement.
I tried to change the password but they send the new password to me by snail mail, which would arrive in "a few working days". It was too troublesome for me to look out for that mail. So, I never kept track of that investment for 10 years.
I had an online chat with the staff of Fundsupermart and complained about their troublesome procedure. She told me that the statement was encripted with the NRIC of the account holder. I was able to open it for the first time in 10 years.
To my surprise, the investment of $50,000 had grown to $92,000 in 10 years, giving a yield of 6.2% per annum.
It was not as good as STI ETF, which probably yield 9% p.a. (or thereabout) during the same period. But it was a satisfactory yield.
I would be withdrawing my investment and closing my account.
I had trouble logging in to their website as I forgot the password. They send statement to me encripted with their PDF password. I was not able to open the statement.
I tried to change the password but they send the new password to me by snail mail, which would arrive in "a few working days". It was too troublesome for me to look out for that mail. So, I never kept track of that investment for 10 years.
I had an online chat with the staff of Fundsupermart and complained about their troublesome procedure. She told me that the statement was encripted with the NRIC of the account holder. I was able to open it for the first time in 10 years.
To my surprise, the investment of $50,000 had grown to $92,000 in 10 years, giving a yield of 6.2% per annum.
It was not as good as STI ETF, which probably yield 9% p.a. (or thereabout) during the same period. But it was a satisfactory yield.
I would be withdrawing my investment and closing my account.
Tan Kin Lian
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