Tuesday, June 01, 2010

Risky financial products

This article explains that the approach taken in Hong Kong may not be sufficient to protect the investors.

My comment.
There is a mention of Deposit Plus which is similar to the dual currency deposits sold in Singapore. It is risky and should be avoided.
at

5 comments:

  1. AnonymousJune 01, 2010 5:43 PM

    DBS keep on sms me to try the currency deposit in dual currency,
    why are they bugging me on this product.
    Still trying to con me.

    ReplyDelete
  2. AnonymousJune 01, 2010 7:08 PM

    Eversince the "Madoff investment scandal" I view most Financial Products/Investments in today's World as "FATAL ATTRACTION"

    ReplyDelete
  3. AnonymousJune 01, 2010 10:50 PM

    Mr. Tan

    Please share with us your view why dual currency deposit is considered risky?

    Thanks
    Loh

    ReplyDelete
  4. AnonymousJune 02, 2010 6:27 AM

    KLoh,
    it is because it is not transpaent. If you keep betting on the contract, you will find that your original principal get smaller and smaller as you lose in the bets.

    ReplyDelete
  5. AnonymousJune 02, 2010 10:46 PM

    Thank you for your reply.

    Loh

    ReplyDelete