Looks like our leaders are generally NOT SYMPATHETIC to the minibond investors who lost their entire life-savings........
On the plight of investors who have lost money investing in Lehman-related mini-bonds, Mr Lee had this word of caution.
“Please remember, when you get higher returns than what is the average in the markets, that means you are incurring higher risk. So on that message I leave you to ponder about your next purchase,” he said.
Mr Lee said many educated and young investors went in with their eyes open and banks will offer compensation according to what is fair.
EDITORS’ NOTE: According to MM Lee’s reasoning, then the Lehman products, which offered only miserly 5% yield should be considered low to moderate risk. The reality is such that the banks themselves ranked it 8 out of a scale of 10 in terms of complexity and risks profile. Even stocks which offer a much greater risk do not see their values dissipate overnight. We hope these investors will go in to the next general election with their eyes OPEN too.
Watch the CNA video here:
http://wayangparty.com/2008/11/10/mm-lee-to-investors-you-walk-in-with-your-eyes-open/
On the plight of investors who have lost money investing in Lehman-related mini-bonds, Mr Lee had this word of caution.
“Please remember, when you get higher returns than what is the average in the markets, that means you are incurring higher risk. So on that message I leave you to ponder about your next purchase,” he said.
Mr Lee said many educated and young investors went in with their eyes open and banks will offer compensation according to what is fair.
EDITORS’ NOTE: According to MM Lee’s reasoning, then the Lehman products, which offered only miserly 5% yield should be considered low to moderate risk. The reality is such that the banks themselves ranked it 8 out of a scale of 10 in terms of complexity and risks profile. Even stocks which offer a much greater risk do not see their values dissipate overnight. We hope these investors will go in to the next general election with their eyes OPEN too.
Watch the CNA video here:
http://wayangparty.com/2008/11/10/mm-lee-to-investors-you-walk-in-with-your-eyes-open/
