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Stay Away From AIA Investment Funds

Posted on : 31-03-2010 | By : stargaterich | In : Facts Of Life

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If there is one deep regret that I have in life time, it must be the stupid decisions that I made with regards to putting almost 100K of my CPF savings into AIA Investment Funds. I guess I didn’t use my brain when I agreed to buy those risky funds from my long time AIA Insurance Agent Josephine Tan Kim Choo.

Actually I wasn’t interested to part with my CPF savings but her relentless calling took a toll on me and in the end I gave in and invested the amount that she recommended. I wonder what was I thinking when I signed on the dotted line? Even though people learn from mistakes, there are some mistakes which we simply cannot afford to made in the 1st place. I have lost almost half of the 100K that I put into AIA Investment Funds.

At one time she even has the audacity to ask me to invest in US dollars even though it was clear and obvious that the US dollar was losing ground against other currencies. Just a couple of months way back she even called me and told me she had good news. The so-called good news was that she managed to find another investment opportunities pertaining to some sort of currency exchange stuffs.

Come to think of it, the best job in the world is investment fund manager. You get to dabble with other people’s money and regardless of profit or loss, you get to charge investors for management fees. Each time I look into all my investment portfolios, my blood boils.

Now that AIA has been bought over by Prudential it remains to be seen if those AIA investment funds will take a turn for the better.
I can only hope and pray that the financial market will turn for the better so that I can cut my losses to as much as possible before I pull out from it.

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