Singapore Senior Minister (SM) and current Chairman of Monetary Authority of Singapore (MAS), Mr Goh Chok Tong, recently commented on the now hot Minibonds and High Notes failed investments.
He commented:
"I know (individual) Singaporeans have been hurt; they have invested in Lehman Brothers mini-bonds, in High Notes ... and more have been hurt investing in equities, but that’s life — if you want to have a good rewards, you’ve got to take risk.
“Otherwise, leave your money in your CPF ... Four per cent is a fabulous return without risk. Singaporeans complained it was too low, (but) now they know the meaning of a capitalistic existence."
In my personal opinion, I thought Mr Goh could have commented in a way whereby the many ordinary retail investors' concerns over their jeopardized huge savings are addressed especially in the current possible mis-selling by the banks. I am disappointed.
Computer, Technology, Databases, Google, Internet, Mobile, Linux, Microsoft, Open Source, Security, Social Media, Web Development, Business, Finance
Subscribe to:
Post Comments (Atom)
Popular Posts
-
Google url shortener service, goo.gl , is now much improved with newly included features like easier copy and paste, and ability to delete e...
-
I would like to apologize that sigining of my guestbook is not possible at the moment due to an unexpected bug. There is already 74 entries ...
-
The Google Adsense made a blog post with a video to help us understand the concept behind eCPM (Effective Cost Per Thousand Impressions). ...
-
An efficient method to find out the total record counts of all tables in an Oracle database. select table_name, to_number(extractvalue(xm...
-
*********** Try to sleep now, close your eyes Soon the birds would stop singing Twinkling stars, are shining bright They'll be watch...
No comments:
Post a Comment
Do provide your constructive comment. I appreciate that.