Wednesday, July 14, 2010

Dual currency investment

Read this article. A dual currency investment carries high risk but does not give a commensurate return. It should be avoided.
Posted by at

2 comments:

Anonymous said...

I had tried it for one month only, and relationship manager told me if the foreign currency depreciates against the other (i.e.
S$), the bank would close the account immediately, and I had to bear the exchange loss, and thus the principal capital invested would be affected, making a loss.
When the Euro looked shaky, I closed the account against advice, and I was right. Never trust bank relationship managers, like what MAS said, you die your own fault.

July 14, 2010 11:55 AM
Anonymous said...

MAS has a golden rule i.e. NMP : Not My Problem.

You can see how hard HK regulators work and to the extend DBS HK is compensating HK investors for misrepresentation or mis-selling.

The only thing I see MAS work very hard is how to publish good statistic so that their Chairman and Deputy Chairman has a easier time when asking for a pay raise....

Sometime I think being a Sinaporean is a disadvantage..

July 15, 2010 9:25 AM

Post a Comment

Subscribe to: Post Comments (Atom)

Blog Archive