right eyelid twitching

[Leongsam]

boss, was "guranteed" mentioned???

http://www.sammyboy.com/showthread.php?133982-right-eyelid-twitching&p=1286818#post1286818

I took "promised" to mean that the bank guaranteed that figure.

Even if it's not "guaranteed", I'm still very interested in any fund where a bank promises a certain return. Most of the time, the disclaimer clause promises that you could well end up losing everything.

Details please. Cheers.

 

[Leepotism]

Mine has been twitching all my life.

Right , nothing to do with superstition.

 

[eatshitndie]

Even if it's not "guaranteed", I'm still very interested in any fund where a bank promises a certain return. Most of the time, the disclaimer clause promises that you could well end up losing everything.

Details please. Cheers.

look up senior housing properties trust (snh). it's a diversified reit, and it delivers a 7% dividend, which is pretty rare. as i'm getting older, i'm investing in old school funds that provide a dividend. some telco stocks like vz provide a 5% dividend. another chunk of my investment goes into medical reit. although i'm not very familiar with snh, which is heavily into senior living facilities, i'm more familiar with medical reits. the medical reit fund that i'm investing in is given me good returns.

 

[Thick Face Black Heart]

Throughout my years of investing I have come to agree with a long standing axiom:

Those who chase yield, lose principal.

 

[scroobal]

He will not be able to quote the gold related fund from DBS and he will tell you that his friend is not exactly his friend.A Bank can waive fees and commission for high net worth client but not the yield. There might be profit sharing deals but the yield is something they cannot be adjusted for each client.

The information is not confidential.

OK it has dipped but I'm still very interested even if it's down to 4.8%. I'm struggling to get a reasonable return on my cash holdings at the moment. Interest rates are less than half of what they were 4 years ago.

Please call him and ask him what the returns are now and also get the name of the fund. Thanks in advance.

 

[Leongsam]

Krafty have you called your friend yet? I'm still waiting for the details. Is it that difficult? I'm not asking you to disclose any private information. All I want to know is the name of the fund so I can then do my own research.

For your info I called DBS yesterday afternoon and nobody seemed to know what I was talking about so the mystery deepens.

 

[krafty]

tmr....lah...

 

[Thick Face Black Heart]

tmr....lah...

Krafty, pls call your fren tomolo. This thread has piqued my interest as well. Both Leongsam and Scroobal commenting furiously. Something good is happening here and I want to know. So pls remember ok, don't forget.

 

[Leongsam]

Those who chase yield, lose principal.

The NZD has bucked this trend over many years. For that, I am thankful.

 

[scroobal]

Just so that we do not forget the key takeways of this thread
- TS knows someone who has millions
- the millionaire is his friend
- they discussed investments
- the discussion took place at the ultra elite Tanglin Club
- rich people invest in gold bonds
- friend's institution promised 6% reutrn annually
- promise is not the same as guarantee
- this bank is the first bank to make a promise
- the promise was in Aug but the post was made yesterday
- the bank that made the promise is DBS
- tomolo we wait.
-

 

[Leongsam]

Just so that we do not forget the key takeways of this thread

My request is simple and straightforward :

1. The name of the fund.
2. The current [lower] "promised" yield.

Krafty spoke to his millionaire friend less than 24 hours ago so he obviously easily contactable.

 

[scroobal]

while we wait for tomolo here is a little tale.

Noticed neighbour sold his relatively 2 new cars and replaced them with an old beaten up car. Asked him what was wrong and he told that he was cheated by a Japanese run bucket shop in Singapore. The Japanese chap would execute trade via telex from his office to a telex in his apartment in Bayshore which was purportedly in Tokyo. The Japanese was eventually jailed but holds the record for a single criminal charged with the most number of offences. It ran into thousands.

My neighbour was introduced to this bucket shop by an ex-classmate. My neighbour told me that he tracked the deals on daily basis, read books on trading, horned his skills over months, and all the while no trade was ever executed with the exchange. eBut he got the confirmation sheet by post regularly.

Over the years I had to intervene on behalf of friends, relatives etc and nearly all the pitch were either made in offices in the business district, 5 star hotels or top clubs.

I gave up when the same clowns began buying time-share apartments in the Iberian Coast.

 

[chuckyworld]

Interesting....alway do your own DD.....

 

[Leongsam]

and all the while no trade was ever executed with the exchange. eBut he got the confirmation sheet by post regularly.

That's how I got conned out of my life savings too. The difference is that I'm a fast learner. I was 23 at the time. I've never made the same mistake since.

 

[TikeMyson]

That's how I got conned out of my life savings too. The difference is that I'm a fast learner. I was 23 at the time. I've never made the same mistake since.

Good to see you post this. If one does not learm fast then one would be doomed to make the same mistake again and again, and thats a crying shame.

 

[Leongsam]

Good to see you post this. If one does not learm fast then one would be doomed to make the same mistake again and again, and thats a crying shame.

It's actually very simple to spot a scam. When anyone, regardless of how they're dressed, who they work for, what qualifications they claim to possess and what fancy title they hold, wants to use YOUR money to enter into a scheme which is a surefire way towards achieving riches, ask yourself why they aren't using their own money instead.

 

[Faidenk]

Why can't you simply tell me which bank so I can give them a call to gather more details. A 6% guaranteed return is an excellent deal given the current slump in interest rates the world over.

Even the Kiwi dollar only pays between 4% to 4.5% which is pittance by historical standards. 4 years ago, I was getting 9.5%.

This is what I've gathered from other sites :



I cannot find any institution that is offering a fixed return of any sort.

Maybe this might interest you:

But, I've heard the banks here are not really 'reliable'. Many have not much liquidity, having speculated heavily into properties. I heard a Japanese bank here is Yakuza-owned. Last year, one east European bank offered something like 12% term deposit.

Beware.

 

[TikeMyson]

It's actually very simple to spot a scam. When anyone, regardless of how they're dressed, who they work for, what qualifications they claim to possess and what fancy title they hold, wants to use YOUR money to enter into a scheme which is a surefire way towards achieving riches, ask yourself why they aren't using their own money instead.

This is easier though and said than done. Sitting at home and thinking this through does help create some kind of resolve but when an 'opportunity' comes along that seems very exciting and greed takes over, then all the planning can go down the drain if discipline is not exercised. This unfortunately is the case with most people.

 

[TikeMyson]

Maybe this might interest you:

But, I've heard the banks here are not really 'reliable'. Many have not much liquidity, having speculated heavily into properties. I heard a Japanese bank here is Yakuza-owned. Last year, one east European bank offered something like 12% term deposit.

Beware.

I dont mean to be rude or anything but this offer looks very dodgy.

 

[Leongsam]

This is easier though and said than done. Sitting at home and thinking this through does help create some kind of resolve but when an 'opportunity' comes along that seems very exciting and greed takes over, then all the planning can go down the drain if discipline is not exercised. This unfortunately is the case with most people.

There's one exception to the rule. Do you ever wonder why the rich invariably get richer very easily? The answer is simple... they have insider information provided by their cronies who are on the same rich list.

They don't ask for your money. All they do is tell you where to put it. If it works out, you then owe them a favour. That's all that's expected. You scratch my back... I scratch yours. In the meantime, the peasants are being conned in more ways than one.