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2012
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05/27 - 06/03
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- Avoid investing in too many funds
- Yielding to panic
- Mis-understanding on the terms of a life insurance...
- Praise for Prof Lim, query for NTUC
- Losing the competitive edge
- Population of Istanbul
- Disappointing Turkish Airlines
- No need for immigtation cards at Istanbul Airport
- Hope for a new beginning
- Praise for Mr. Desmond Choo
- Student should not buy life insurance too early
- Moving towards a democratic society
- Questionable funds
- No one in charge
- Land banking
- Uncommon set-top box
- Facebook Illusion
- Do you hear the people sing
- Convincing win in Hougang By-election
- FISCA - Financial Services Consumer Association
- Mis-reporting on a charity event
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- Fair value of a stock
- FISCA AGM, 26 May 2012
- Air bags in cars
- Illegal fund raising
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- 10 worst bits of advice
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- Act against car racing
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- Importance of compound interest
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2 comments:
In some cases, LandBanking = Old Products in New Package.
The new package in some cases, comes with glittering brochures,Land Title Deeds/
Insurance too, affordability often with short timeframe Exits,and guaranteed max. ROI .....all too good to be true! Buyers Beware.
I wonder does the below statement also apply when people are offered investment returns on their land banking plot (like the AAA scheme one Land Banking company was using to offer 12.5% per year). If it does then consumer protection law would seem to be the only way to go for grossly overstated promises
NO LEGAL RECOURSE HERE
http://www.singaporelawwatch.sg/remweb/legal/ln2/rss/legalnews/67463.html?utm_source=rss%20subscription&utm_medium=rss
'Land-banking investments involve investors acquiring direct interests in real estate rather than in securities related to real estate and, as such, fall outside the scope of the SFA and FAA.'
A Monetary Authority of Singapore spokesman, referring to the Securities & Futures Act (SFA) and the Financial Advisers Act (FAA)
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