tag:blogger.com,1999:blog-11702093.post8182135795824194920..comments2024-03-28T17:36:33.351+08:00Comments on Tan Kin Lian's Blog: NUS dean also exposed to lossTan Kin Lianhttp://www.blogger.com/profile/00617069056914635271noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-11702093.post-48029219554131072222008-10-29T09:31:00.000+08:002008-10-29T09:31:00.000+08:00If a NUS Finance Academic had invested in the Lehm...If a NUS Finance Academic had invested in the Lehman products - it shows how complex and misleading the structured investment products are even to an academic whom should be knowledgeable about risky investments.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11702093.post-37644170044825757592008-10-28T20:26:00.000+08:002008-10-28T20:26:00.000+08:00quote the article on sunday:"A corporate support o...quote the article on sunday:<BR/><BR/>"A corporate support officer, who gave her name only as Madam Teoh, 45, and her 50-year-old husband who was retrenched in 2006, had invested about $240,000 in Lehman Minibonds they bought from Maybank and Hong Leong Finance in 2006 and last year respectively.<BR/><BR/>The couple, who have two teenage sons, say a large part of their savings is tied up in the bonds .<BR/><BR/>'We're so worried. Can we get our money back or are we losing it all?' said Madam Teoh. "<BR/><BR/>the writers still referred the now infamous minibonds as bonds - this means the creation of this name was an apparent attempt to mislead.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11702093.post-52866546095179236162008-10-28T17:29:00.000+08:002008-10-28T17:29:00.000+08:00I am a graduate. I am also caught in this blood su...I am a graduate. I am also caught in this blood sucking saga. I bought S$50k mini bond series 2 from OCBC Securities. I trust everything that is sold in Singapore! Singapore is SAFE! Naive or ignorant? I don't know what to do now....cindiihttps://www.blogger.com/profile/02179932631486674280noreply@blogger.comtag:blogger.com,1999:blog-11702093.post-49386658355383988462008-10-28T16:52:00.000+08:002008-10-28T16:52:00.000+08:00Earlier last year, i heard that an actuary said "m...Earlier last year, i heard that an actuary said "market will never fall". I hope he has not jumped out of the window.<BR/><BR/>Highly educated professionals are human being too. They are subjected to the same human deficiencies as uncles/aunties on the street. And they are more prompt to these weaknesses if they are too proud of their own achievements and abilities.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11702093.post-11555171996093902432008-10-28T14:34:00.000+08:002008-10-28T14:34:00.000+08:00i think our local universities imported some "subp...i think our local universities imported some "subprime" finance professors from america and europe.. <BR/><BR/>abt prof bernard yeung, he apparently didnt learn much from the superior NYU professor nouriel roubini!..<BR/><BR/>i wonder if he can cry mis-selling since is an expert of finance?..ymhttps://www.blogger.com/profile/07507282903179047830noreply@blogger.comtag:blogger.com,1999:blog-11702093.post-45232614989394547992008-10-28T12:16:00.000+08:002008-10-28T12:16:00.000+08:00I am not sure why people are surprised that a Prof...I am not sure why people are surprised that a Professor losses money in investment. It only shows that good investment decision making does not come automatic regardless of a person's education level and background. It only warns everyone not to take things for granted.Things that people tend to take things for granted are like:<BR/><BR/>(1) Believe everything the mass media says - like journalists' opinions<BR/>(2) Believe everything what politician says<BR/>(3) Believe everything their banker/RM says<BR/>(4) Believe everything bloggers say<BR/>(5) Believe that money is safe in the bank (it is safe for now but never forever)<BR/>(6) Believe that investment is so easy. <BR/>(7) Believe that prudent investment is boring investment (for example, during the good times nobody bothers about asset allocation)<BR/><BR/>Actually all the cries about massive losses about the current investments have been due to very poor asset allocation. It is quite unbeliever that people can put 90% of their nest eggs in Lehman SD or 90% in stocks. Some even put 100% of the wealth with one bank allowing just one RM to manage everything.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11702093.post-63778715135227081422008-10-28T11:53:00.000+08:002008-10-28T11:53:00.000+08:00Hi G C & allThank you for highlight the 'n...Hi G C & all<BR/><BR/>Thank you for highlight the 'norm & basic' requirements in the process of investment. But nowaday, RM don't bother to open ad explain in details of the pro & con of the investment/products. To them this may waste their time and may lost the sales, due to possible of disclose more risk details to the clients. I'm sure most if not all, the Minibond victims are experience this. For my case,(3 series altogether). The RM did not even flip open the prospectus booklet. Maybe, they also don't know what they are selling of and the potential reputational risk they are created for their FI. Hope that this will end with a fair & justice to all very soon. Keep calm & hope for the best. Thank you.<BR/><BR/>AT63Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11702093.post-30436959316728888192008-10-28T10:57:00.000+08:002008-10-28T10:57:00.000+08:00That's simply the price of ignorance. That could h...That's simply the price of ignorance. That could happen to anyone. Just like a seasoned fund manager can sometimes make a big boo boo, due to ... ignorance, wrong judgement, and etc.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11702093.post-41445613186836888092008-10-28T10:46:00.000+08:002008-10-28T10:46:00.000+08:00As I always believe for any investment that requir...As I always believe for any investment that required an investor to read a thick documents that is call prospectus is tough, no to mentioned that most of the investors could not and willnever read it any way. So most of the investors will just invest in what it appear the return will be and without any second thought on the risks involved. The understanding on the risks factors are also difficult to understand by most of the investors regardless how educated you are and how relevant your education back ground would be. It is therefore why I strongly agreed with what Mr. Tan has been mentioned in his comment that a good investment product should be easy to understand by a investors.<BR/><BR/>It is also important that all conditions attached should be simple and take minium time to explain to prospective investors other wise it will not be suitable to be market to the masses, and it will most likely only allowed to be market to institution investors. Time to have serious think on the issues now.G Chttps://www.blogger.com/profile/12521911406927901200noreply@blogger.comtag:blogger.com,1999:blog-11702093.post-48581321388223391082008-10-28T09:43:00.000+08:002008-10-28T09:43:00.000+08:00Oops, Prof Yeung believes a broker.Must be a trust...Oops, Prof Yeung believes a broker.<BR/>Must be a trusted friend.<BR/><BR/>I think it will not be too heart-breaking for him to overcome this experience. He has long learnt how to diversify his wealth.Everlearninghttps://www.blogger.com/profile/10946658575272889471noreply@blogger.comtag:blogger.com,1999:blog-11702093.post-90953474832382628902008-10-28T09:11:00.000+08:002008-10-28T09:11:00.000+08:00Our Government believes the American banks and dum...Our Government believes the American banks and dumped in billions of US$. Solid and branded banks they said. But not for too long!<BR/><BR/>Prof Yeung believes the Singapore banks and sorry to say it is not what it seems!<BR/><BR/>Now the pertinent question is "Do you still think the Singapore System can last a very, very long time?Everlearninghttps://www.blogger.com/profile/10946658575272889471noreply@blogger.comtag:blogger.com,1999:blog-11702093.post-51699977931214708792008-10-28T08:53:00.000+08:002008-10-28T08:53:00.000+08:00Professor also kena so retail investors no chance ...Professor also kena so retail investors no chance lah!Anonymousnoreply@blogger.com