tag:blogger.com,1999:blog-11702093.post2595352834498179414..comments2024-03-28T22:56:40.743+08:00Comments on Tan Kin Lian's Blog: Smart Alec and the dubious investment productsTan Kin Lianhttp://www.blogger.com/profile/00617069056914635271noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-11702093.post-73170534628433715642011-12-29T13:23:30.817+08:002011-12-29T13:23:30.817+08:00The dubious investment products are those scam lim...The dubious investment products are those scam limited payment endowment and cashback products. They are NO INVESTMENT or SAVING vehicles by any definition. You don't save to lose, right? These products prey on kiasu and ignorant stupid consumers and there are many including the smart alecs.zhummmenghttps://www.blogger.com/profile/11494903461266369989noreply@blogger.comtag:blogger.com,1999:blog-11702093.post-60338291593771698052011-12-29T10:04:49.270+08:002011-12-29T10:04:49.270+08:00Unfortunately, this government's mindset is to...Unfortunately, this government's mindset is to equate "to do the right thing" as "reduce cost" or "increase profit". The latter two are fundamental and precede all policy considerations.sgcynichttps://www.blogger.com/profile/17870133031748420663noreply@blogger.comtag:blogger.com,1999:blog-11702093.post-47487180193145758952011-12-28T14:54:28.554+08:002011-12-28T14:54:28.554+08:00The starting point for any public servant is "...The starting point for any public servant is "to do the right thing" rather than "reduce cost" or "increase profit".<br /><br />If "do the right thing" exceeds the government budget, then bring this to the attention of the public.<br /><br />And let the public decide whether to "reduce cost" or "increase taxes so that we can afford to do the right thing."Singapore's 5 Minute Investment Diaryhttps://www.blogger.com/profile/06643736619481219029noreply@blogger.comtag:blogger.com,1999:blog-11702093.post-1602960737128022902011-12-28T14:12:44.216+08:002011-12-28T14:12:44.216+08:00@yuyuan. It is quite easy to evaluate financial pr...@yuyuan. It is quite easy to evaluate financial products, compared to a pharmaceutical product. <br /><br />The impact of a bad financial product can be quite serious, as it may lose the loss of a large fortune that affect a person and the family for a long time.<br /><br />The authority only needs to think out of the box, rather than to avoid taking responsibility and continue a bad practice blindly.Tan Kin Lianhttps://www.blogger.com/profile/00617069056914635271noreply@blogger.comtag:blogger.com,1999:blog-11702093.post-39912318109319781992011-12-28T12:56:29.120+08:002011-12-28T12:56:29.120+08:00Let's put on our thinking caps.
Why the Author...Let's put on our thinking caps.<br />Why the Authorities use different standards for investment and pharmaceutical products.<br />When people die after consuming medicinal products, Govt is held accountable for their deaths for being lax, so large sums of money and time are spent on engaging laboratory staff and buying equipments to test these drugs for safe human consumption.<br />As for dubious investment products, they dun want to allocate such expensive huge resources to vet them for sale to the public, so die die is your own business. <br />It all boils down to saving money first, then dun wan to be responsible, saving them the headache and embarrassment of another Lehman-like episode.<br />The money saved could be used to pay the regulator and other senior staff big salaries and bonuses.<br />It's the smell of money and pushing away responsibility that is the crux of the whole matter.<br />So folks, trust yourself first, and also read Dr Andy Ho's articles in the ST papers, regarding health matters, dun also trust our Health authorities blindly on what they approve for sale of drugs and supplements, paying attention on research of nano-technology being promoted in Singapore. Nano particles could be deadly to our bodies.yujuanhttps://www.blogger.com/profile/09726993183726863734noreply@blogger.comtag:blogger.com,1999:blog-11702093.post-83985005360503123372011-12-28T12:48:18.624+08:002011-12-28T12:48:18.624+08:00Shummmeng, I am not referring to the insurance sal...Shummmeng, I am not referring to the insurance sales people, but to the other people who stand by and said that these people deserved to be cheated, because they were greedy (to get a higher return) and did not make their own research.Tan Kin Lianhttps://www.blogger.com/profile/00617069056914635271noreply@blogger.comtag:blogger.com,1999:blog-11702093.post-9493207452106912142011-12-28T12:31:19.302+08:002011-12-28T12:31:19.302+08:00Mr. Tan, you are not wrong to use the words 's...Mr. Tan, you are not wrong to use the words 'smart alec' to describe some of these charlatan salesmen. There are so many of them giving dubious advice right in the insurance companies and banks.These smart alecs are glib tongue salesmen and women who con their own freinds, policy holders and relatives who trust them. This is how the smart alec operate their business. They have no conscience to rob them.zhummmenghttps://www.blogger.com/profile/11494903461266369989noreply@blogger.comtag:blogger.com,1999:blog-11702093.post-53894125573893031222011-12-28T11:12:04.737+08:002011-12-28T11:12:04.737+08:00Normally, I avoid using labels such as "Smart...Normally, I avoid using labels such as "Smart Alec" to any group of people. But, I have received the response from this type of people so often, and they think that they are right, that I wish to make an exception to my own standard. But, it will be an exception, as I do not wish to label people unfairly.Tan Kin Lianhttps://www.blogger.com/profile/00617069056914635271noreply@blogger.com