If FIs had shown the investors this video when explaining their structured notes products, investors will have a good laugh and no one will be able to accuse them of misrepresenting.
People saw it coming... and its quite unfortunate that banks continue to sell those dubious structured investment products to aunties throughout the entire period of 2007 to 2008. Even comedians saw it coming last year.
Buy and hold strategy, which worked well in developed markets from 1980-2000, is unlikely to give investors any exciting inflation adjusted return in the coming decade.
If FIs had shown the investors this video when explaining their structured notes products, investors will have a good laugh and no one will be able to accuse them of misrepresenting.
ReplyDeletePeople saw it coming... and its quite unfortunate that banks continue to sell those dubious structured investment products to aunties throughout the entire period of 2007 to 2008. Even comedians saw it coming last year.
ReplyDeleteThis is unbelievable. These British comedians depict the scam and con job as is, 1 yr before it hit us.
ReplyDelete-Lingam
Blood on the street = opportunities.
ReplyDeleteBuy and hold strategy, which worked well in developed markets from 1980-2000, is unlikely to give investors any exciting inflation adjusted return in the coming decade.
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