Z
Zombie
Guest
It does matter, because it affects the amount of duty of care. That is why they take care of vulnerable investors. The rest can go to court.
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Flawed Financial Products
- Thread starter Goh Meng Seng
- Start date
It does matter, because it affects the amount of duty of care. That is why they take care of vulnerable investors. The rest can go to court.
For the benefits of many here, I shall post the article on what Minibond is all about:
The name "Minibonds" itself is a misleading word for investors. quote]
Did I hear mini-bombs? Well, fortunately for my aunt, she did not buy into it as this was exactly what she heard.Even the name already gave the hint. Why didn't these investors do a counter-intuitive and kept their pens off their check books? Why, why, why. Tell me why.
Mini-bonds is a great product, cause the High netwrth guys avoid it, knowing that risk free 5yrs treasury bonds pays about 3 plus % (then). And these 5 yr bonds are liquid in that you can sell them on the markets anytime at the prevailing price.
So they sell it to the clueless wannabes, at a time were everyone was complaining about low yields. A sure hit.
So they sell it to the clueless wannabes, at a time were everyone was complaining about low yields. A sure hit.
Wrong. They are all flawed. The simple mechanism everyone understand. Actual workings so complicated, even Nobel prize economists cannot understand. All I bankers and managers selling u do not understand the product and do not understand the final outcome. U cannot predict how global borrowing into the future looks like and with a growing real economy.
http://isites.harvard.edu/icb/icb.do?keyword=k44822
Z
Zombie
Guest
These experts 馬後炮, don't need noble prize.
What have they been doing since 2000-1?
No choice lah. Finance hot topic. If department close, they no job or no big research fund. Research on a topic, outcome always 50-50 good fake wat.
GMS
That's a real pity.
Becuase I honestly believe that the only way to real progress is for more opposition MPs in parliament. If you noticed, LHL had an entirely opposite view about opposition MPs. Hehehe
People who continue as activists, dissidents, social commentators, any role out-of-parliament, etc will always be "sidelined and bracketed". They will always have a role to play, but it will be very difficult to take Singapore forward.
Do you mind telling us what are your other commitments?
GMS
That's a real pity.
Becuase I honestly believe that the only way to real progress is for more opposition MPs in parliament. If you noticed, LHL had an entirely opposite view about opposition MPs. Hehehe
People who continue as activists, dissidents, social commentators, any role out-of-parliament, etc will always be "sidelined and bracketed". They will always have a role to play, but it will be very difficult to take Singapore forward.
Do you mind telling us what are your other commitments?
Dear JWS,
The PM is worried that many of those youngsters who are dissatisfied with the PAP government's policies would join opposition. This is reflected in one of his recent speech, urging these people to "work with government" rather than joining opposition parties! LOL!
Having said that, I think the size of opposition, especially WP, has grown from strength to strength. There would be enough people to carry on the fight and most probably, in time to come, some may just get into parliament.
For me, its basically my personal commitment. I have spent much time on political and social activism for the last 7 years and it is now time for me to take stock of my other commitments and obligations, especially towards my immediate family.
I always believe, no one is indispensable, be it in politics or otherwise.
Goh Meng Seng
Thanks for the insight.
Exactly my point, I read the same thing that you did. I think he is really concerned that he and his team will look bad after the next GE results. Hahaha
Of course you have every right to live your life as you deem fit. But I would suggest that you and Steve get together and convince each other to step forward again. Your country needs you.
The rest of us are either too selfish or too apathetic to want to do anything. My personal view is that the majority of Singaporeans are not worth the trouble.
Exactly my point, I read the same thing that you did. I think he is really concerned that he and his team will look bad after the next GE results. Hahaha
Of course you have every right to live your life as you deem fit. But I would suggest that you and Steve get together and convince each other to step forward again. Your country needs you.
The rest of us are either too selfish or too apathetic to want to do anything. My personal view is that the majority of Singaporeans are not worth the trouble.
Agree with you bro.
At the end of the day, we all know who the idiots are!
http://books.google.com/books?hl=en...ts=MtK4mt0yn_&sig=ahOr8gxyd1aCvN-oF7z3gw0WE7Q
At a time when FDs were paying less than 1 % interest, these Minibonds offered 5%. If people are idiotic enuff to believe that it's such a good deal and that it is low risk, then they deserve to lose their money. If it sounds too good to be true, it probably is too good to be true.
We should always help the poor and the needy, regardless of our willingness to make a political stand.
But many who remain ignorant and/or apathetic include a great number of lottery buying heartlanders or CBD area corporate executives. These people are obviously not helpless, but choose to continue focusing on what matters to them only and remain oblivious to what the country needs. Are they worth helping?
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