Do you invest?
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I just came across a investment website and it's Forex investment which offers the risk of losing only the amount which the person invested only.
While I'm keen to join it and start earning part time income from there.
But on the other hand..
I'm here to listen to advices and comments when it comes to investments..
Since SAF isn't generous with our salary.
Anybody here who invest?
ETFs, Bonds, Mutals, Forex, Stocks, CPF, Property etc?
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Hello, for me, i used to speculate in stocks when i started work, then bought stupid tech. units trusts which crashed from my friend agent...haiz...all so commission minded these advisors...i lost 9,000...alot to me last time!
the lesson i learnt is don't trust yr advisor, agent or stockbroker totally..simply because they earn when u buy. so why they care about u?
nowadays, I seek unbiased investment advice at www.secondopinion.asia ...they only charge for advice ...paid only $90 for my last advice from this team of exbankers, fund managers..
there are also good financial sites like www.fool.com in USA..not much in sgp
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normally buy unit trusts from reputable banks with 100% principal protected
also buy alot of insurance policies lol
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these principal products have very high commission that's hidden in the structure...i bought one
and got back only principal after 5 years! since then i swore off these banks
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Originally posted by Janice888:
these principal products have very high commission that's hidden in the structure...i bought one
and got back only principal after 5 years! since then i swore off these banks
mine ok wat
first 6 mths they guarantee to pay 5% interest & i even received the cheque
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NS is the time to save money.... every day eat SFI, when u ord got some $$ to invest liao lor...
Easier said than done though... the sfi food in my camp was hai....
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Start small if you don't have much capital, as there is always risk involved. Be prepared to lose all, so you have to set aside if the investment is lost.
Some bank investment deposit are good. I found UOB ones are not bad. Every quarter, can get back hundreds or thousands. While some bank will give over estimated returns.
One of the ways to invest is using CPF, as there's a limit. But still risk is there.
Property is where you have more $ set aside. You can when you can pay the downpayment, bank loans and necessary expenses.
There are some other investment like Land banking, wine investment, oil investment that you have to study and do research on. As some might be good, but some might not. Find a good advisor in that company is one of the good start.
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Originally posted by Janice888:
Hello, for me, i used to speculate in stocks when i started work, then bought stupid tech. units trusts which crashed from my friend agent...haiz...all so commission minded these advisors...i lost 9,000...alot to me last time!
the lesson i learnt is don't trust yr advisor, agent or stockbroker totally..simply because they earn when u buy. so why they care about u?
nowadays, I seek unbiased investment advice at www.secondopinion.asia ...they only charge for advice ...paid only $90 for my last advice from this team of exbankers, fund managers..
there are also good financial sites like www.fool.com in USA..not much in sgp
well dun let one bad experience bring you down..many pple lost money in tech funds too..just tat e market din turn out to be wat it expected to be..it doesnt mean tat ur advisor isnt trustworthy...but its good to seek 2nd opinions..