reading the papers over the wkend, the main article about 500 plus ppl heading out to spk corner to KP about banks cheating them. now they demand some of their money back??? OMG WTF R u serious?? after reading more, it seems those more adversely affected were those retirees who decided to buy into these products. my qn to them is: you can't even read english, let alone understand the market dynamics and yet U fork out your savings just cos some sly banker told you it was a gd investment?? If it was such a gd investment, Y are we still working...we all just invest la!!
To all my frens, a word of advice dun trust the banks! i mean yep of cos there are exceptional products which can deliver the dividends it promises, however similar to the Lehman Bros linked product its soo cross-linked, if one institution fails the whole contract renders invalid, meaning NO PAYOUT. But pls don't go around tinking that investments like these have money-back guarantees. To be safe, LEARN N INVEST on your own. Try not to fork out ur money to banks cos they're just pushing money around. To them ur 20K is peanuts to the amount they play with, so instead watch these big players' moves and copy. If there's a company who think is preeti sound but the banks investing in it start pulling out, dun't Kay kiang and still keep buying, sumthing fishy mite be goin on that only they know. Only you know how much risk ultimately you wanna indulge in, plus since ur working so hard to earn from ur 9-5 job and not OUTSOURCING that, y should U do the same for ur investments huh?
Not engaging in hard-selling (I'm not getting a friggin cent from dis...DARN...o well tink of it as GD KARMA), but Adam's bk titled the 'Secrets of Millionaire Investors ' is really a gd read for yal to get started in knowing about stuff like stocks, options, technical indicators. Trust me anyting i recommend is realli gd, even if its picking out clothes...LOL, so ya start by reading this book then a MUST-TRY go start signing up for a virtual account at any online broker and get some hands-on experience with what you've learnt. Hope this helped you guys a bit but if ur more interested, jus lemme noe i can help clear ur doubts or at least try find out for you k!!
As i always say, "Money does grow on trees, its just whether U got da balls to climb up that tree or keep whining with the rest down below waiting for it to fall to the ground"
