Low risk low return

Yesterday i was at NP Atrium when a guy approached me to do a survey. Initially i dont want to do it as i was too tired and sleepy to do and was also waiting for my friend. But just to please him, i accepted lah. How wrong am i after doing the survey.

He sit down and intro himself and began his sales talk. I think i have show him alot of my body language that im not interested at the moment yet he still yakking away. He was trying to ask me to put my savings in an insurance company instead of a bank just to earn higher interest.

Hello? Insurance company interest is not guaranteed and put a higher figure more than the bank. The interest rate is pegged to the current economy and again, it is not guarantee. I forgotten to ask him what is the guaranteed interest rate we are getting if we put it in the insurance company than the bank. I was totally unconvinced the way he talk.

If insurance company is so good in providing an interest rate higher than the bank and is guarantee, the following points will happen:

• No need for sales person to come and convince us
• People will withdraw all their money in their bank and put it in insurance companies
• Low risk low return investment

Since the interest rate is per annum, do you think people will put their money in it just to see the interest grow at a rate which is higher than the bank? Yes and no.

Yes in a sense that some people is assured of the higher interest. That whatever you put in, you will still get back.

In another side of the coin, there will be people who will go for high risk high return investment where interest is much more than the insurance company and the bank.

Hai, i just hope no more survey for me. Im more appealed to the high risk high return investment where i know that i could make a loss the next instance, or a profit within a few hours.
-----------------------------------------------------------------------------------------------
Today, i become a lift janitor for a moment. Instead of asking, "which floor, sir/mdm?" i go, "hi! bye!" to tutors and friends in the lift.