Madoff Vestment @Manulife
AirBnB: No property but a landlord. Booking.com: No hotels, no aircrafts, yet a hotelier or Airliner. Manulife Vestment: No invest, still can pay 9% p.a. lifetime + guaranteed capital upon death. "Prof. Madoff paradox". ~~~~ On Manulife Vestment product, Adam always advocate that one should stay invested; lest the value of our assets will devalue over time due to inflation. Manulife Vestment is the total opposite to this principle. 1. It does not invest our funds; yet it pays us 9% p.a. lifetime; earns 1~2% p.a. fees. 2. Its entry age is 0 to 70. So, new born can borrow money from parent to invest in Vestment. After 10 years, return 90% back to his parent. Yet enjoy lifetime 9% p.a. passive income. * $1,000,000 x 0.09 = $90,000 p.a. lifetime payout, or $7.5k p.m. lifetime passive income from age 11, after returning his parent money. * The teenager will not need to work his whole lifetime. * His parent just need to give him a Retirement seed $100k.