Royal Skandia…On The List of Legal Corruption?
by andrew hallam · Published · Updated
The stories of heartache continue rolling in from investors feeling duped by groups like Friends Provident, Zurich International and Generali Vision.
But it wouldn’t be fair to ignore the horrific costs of Royal Skandia. One Hong Kong based financial rep suggests that 75 percent of investment platforms sold in Hong Kong are insurance linked. Known as variable annuities in the U.S., these products sold in Asia appear far worse than their U.S. counterparts.
As this South China Post article explains, there’s a long (now very visible) trail of woe in the wake of these schemes.
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by andrew hallam · Published April 13, 2016
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- Andrew Hallam Jul 29, 12:03 AM
It's tough to say what your average annual return will be. Over 30 years, it should be between 7% and 10% per year. Over ten...
- moortomas Jul 28, 10:52 PM
You can make a special article about re-investing ETFs-advantages and disadvantages vs normal ETFs-to see in the long term,is there any big difference(no taxes on...
- Paul Jul 28, 10:40 PM
As a Canadian expat, I find that it is much simpler to invest in ETFs back home in Canada. Large Canadian banks allow you to...
- Paul Jul 28, 10:32 PM
I faced the same problem than Angela with a brokerage account held at TD Ameritrade in the US for 10 years. I was forced to...
- Jen Jul 28, 9:42 PM
I was resident in Qatar for 10 yr's, before this UAE and Saudi. I opened with Saxo (by emailing the Dubai branch). It was easy...
- Andrew Hallam Jul 28, 7:56 PM
Moortomas, It does look like you are right. I wonder if the tax benefit is enough to offset the slightly higher expense ratio. If the...
- Andrew Hallam Jul 28, 7:41 PM
Mostafa, My book, The Global Expatriates Guide To Investing explains how people can build portfolios of ETF from the middle east. Cheers, Andrew
- Mostafa Jul 28, 6:03 PM
Hi Andrew, great Job with the book and the blog ; it's very informative. i'm a resident of the middleeast and i'm facing the problem...
- moortomas Jul 28, 5:25 PM
As you saw,they are Physical products(not Swapped) in the description and automatically re-invested.. You mean that ishares are not saying the truth and they are...
- Bradley Jul 28, 11:14 AM
Hi Andrew, Sorry for the delay in replying. Wise words as ever. I think my plan just firmed up. I shall keep enough cash reserves...
- Andrew Hallam Jul 28, 11:03 AM
Hi Justin, Based on your first sentence, you already know the answer. Cheers, Andrew
- Justin Tang Jul 28, 10:25 AM
Hi Andrew, I know you do not subscribe to market timing; but there is a current anomaly in the financial markets where both bonds and...
- Patrick Jul 28, 6:45 AM
Fantastic. Thank you
- Andrew Hallam Jul 27, 9:30 PM
With the physical shares, dividends aren't reinvested back into the ETFs Moortomas. This is only the case with synthetic, swap based products. Cheers, Andrew
- rick Jul 27, 9:07 PM
For those of us from Europe, an interesting and cheap alternative is DeGiro, available to any european with an IBAN Number.
- moortomas Jul 27, 7:52 PM
Hello again. It seems that there is no tax at all-here is the official answer: "Dear Mr. Moor, Many thanks for your enquiry and the...
- Andrew Hallam Jul 27, 7:32 PM
Patrick, You're welcome. Just remember that you shouldn't want to see markets rise if you're still adding money. That's the tough part. You can't measure...
- Andrew Hallam Jul 27, 7:30 PM
David, Thank you for providing the links. The Vanguard product is definitely better. It provides access to more than 2,400 global stocks. The iShares products...
- David in Vietnam Jul 27, 3:17 PM
Apologies Andrew, Saxo have said they do not support this fund and so cannot add it. Please could you give me your opinion on these...
- Patrick Jul 26, 11:05 PM
Andrew As always thank you. Great encouragement and coincidentally your books arrived today!!!! I should be setup to start everything by next week. I'm not...
- David S Jul 26, 9:07 PM
Andrew, Yes - good call. Low and stable prices means it is a good time to buy! I need to be more wary of the...
- Andrew Hallam Jul 26, 6:39 PM
James, Did you read about these products in my book? I mentioned that Horizon's products are backed by the National Bank of Canada. That's still...
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