Investing with AXA (Inputs please)

[Samsia]

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Knowledge is Power!

[pijavier]

Just research

[COMCAM]

Wow. Articles really paint pretty and colorful pictures.
managed by expert investment professionals!

We opened a honeypot account on January 2007, balanced and bond. After almost one year, im at a grand total of -4%.

Opted for a fund switch from bond to equity. Took a total of 6 weeks to process with a lot of headaches along the way.

Even if i didnt make the fund switch id still end up with a whopping -2.8%. I made a very bad move.

My other account (same capital) from another company opened last March 27, 2007 is up by 8%. I find this a very interesting comparison to AXA's expert investment professionals considering everything was bullish until around August 2007 when AXA's expert investment professionals already had a head start.

I sent a letter of complaint. Reply was around 6 weeks later. There was no resolution made but i didnt care anymore.

My agent and the people he phones to consult are just warm bodies behind their well decorated desks. Questions about pricing are answered one (sometimes two or three) phone call(s) at a time.

Haha. What a coincidence, this agent im talking about is the second agent. the first one resigned. I wonder if he'll still be there when i visit to cancel my account but thats when i break even. If i break even.


This is probably the only good thing i can say about AXA in its entirety (aside from the well decorated desks). You end up with more units since the charge is only 2%. But then again, thats where the list ends.

Ho Ho Ho. A lesson learned. An expensive one, but well assimilated.

You really made a wrong move. If your performance is negative, it doesn't mean to say that you should make a fund switch, all you could do best is to wait. The economy is always like a bouncing ball. Sorry to hear, your agent seems to have no idea. You better talk with the agents who are with bankassurance and most specially those who have enough experience like 2 years or so.

[dukegulliver]

phil axa agents are bookish... they tell you by the book, yet they don't know what's going to happen. they just pass you the projections, then what all they tell their clients are projections, false projections. i've been in and out of that office for 3 years. my friends worked as agents. i've known the people who worked at the front desk. the good ones who asks questions too much end up losing their jobs. it's like a don't ask policy. even bankassure people don't know how to answer questions i throw at them. i've even talked to the VIP's of the banks' other subsidiaries. all financial decisions are made by metrobank and not it's subsidiaries. Axa would have been better off if it had tied up with other financial institutions other than metrobank.

AXA world wide is good. it's only here in the philippines that their reputation is questionable.

Investments such as this will not end up on the losing end unless the entity closes. But with Phil AXA, clients will surely end up on the loosing end. Majority will.

Phil AXA is one of two companies that makes false projections. Investment wise, i'd still recommend the other company rather than Phil AXA. But there are a lot of companies which are good.

the bottom line, DON'T INVEST IN PHIL.AXA...

i had an 8 year investment with phil axa and i still end up losing... i ended my investment 2 years ago. i started investing 1998... until a friend and a consultant of bpi taught me a lot of things about investment portfolio... and phil axa really sucks in terms of investment returns.

[jaydy]

Naging victim na kami ng axa na yan. We tried to withdraw money from them but they didn't follow the price, eh sana mataas pa ang aming returns. They said that they will base the price for the coming week pa. To tell you this is not an amazing thing.

Kaya naman naging number 3 yan or 2 sa bansa natin kasi may binayaran silang mga taga media na ganito ganyan.

So folks, I will make a website to warn people about AXA na iyan.

Second demotion sa sabi ng mga tao sa taas. Anyway, I have tried sa manulife na mag claim, ang galing talaga ng service. Itong AXA if you are claiming tatawagan ka pa to offer different options para manatili pera mo sa kanila. AXA kadiri ka.

[lorenzoleo]

Don't invest immediately if you don't understand the plan, you will just regret it if you don't understand.

[lorenzoleo]

phil axa agents are bookish... they tell you by the book, yet they don't know what's going to happen. they just pass you the projections, then what all they tell their clients are projections, false projections. i've been in and out of that office for 3 years. my friends worked as agents. i've known the people who worked at the front desk. the good ones who asks questions too much end up losing their jobs. it's like a don't ask policy. even bankassure people don't know how to answer questions i throw at them. i've even talked to the VIP's of the banks' other subsidiaries. all financial decisions are made by metrobank and not it's subsidiaries. Axa would have been better off if it had tied up with other financial institutions other than metrobank.

AXA world wide is good. it's only here in the philippines that their reputation is questionable.

Investments such as this will not end up on the losing end unless the entity closes. But with Phil AXA, clients will surely end up on the loosing end. Majority will.

Phil AXA is one of two companies that makes false projections. Investment wise, i'd still recommend the other company rather than Phil AXA. But there are a lot of companies which are good.

the bottom line, DON'T INVEST IN PHIL.AXA...

i had an 8 year investment with phil axa and i still end up losing... i ended my investment 2 years ago. i started investing 1998... until a friend and a consultant of bpi taught me a lot of things about investment portfolio... and phil axa really sucks in terms of investment returns.

IMG can help educate people regarding Financial Institutions and have some financial concepts and solutions to solve this financial delimas

[wealthyhead]

I think AXA is not an investment company it's a life insurance company. Yes, it's with Metrobank.

If you really want to invest with Metrobank, go to FAMI (First Metro Asset Management Inc.) --> Mutual Funds.

[raket4u]

What are the recent developments of AXA nowadays...Any updates. i am planning to invest

[MK]

IMO, try to know what's your investment purpose...AXA is more of an insurance products...naa lang product that carry investment option of course. And if you invested in AXA product for longer than 5 years (or any other company for that matter) and pulled it out around 2008/2009 then, its not AXA's fault that your money was way below than original value market that time was crazy broken...blame it on Lehman Brothers hehe.
actually, it was the right time to invest as everything was cheap that time But then again, if you are looking for pure investment...go with Mutual Funds companies or UITF's from banks instead of an insurance company product...