Look at Lehmen Brother case in Singapore, the government is blocking the refund to investor.
It's a different case in Hong Kong for mis-selling, investor got their refund back.

BTW, TS.
If you think you are not compatible with your insurance agent, time to move on.
When you advance to the next level, it's best to change your team of advisor.

I like to give my point of view in mutual fund.


They are the best if you intend to work till retirement age and don't bother increasing your financial intelligence.

Most people go into stock market and earn money, yet later they lose it back again to the market. The reason is because they lack the plan.
Mutual fund can provide that plan for you.
The only problem is, it only works well in an up-market.

No, some business do well in a up market and even better in a down market.

Bartender business theory.
When times is good, business is as usual.
Times is bad, the bar business is better, because many people want to drown their sorrow.


My first deal a 42k low cost flat, rental RM380 last year June.
Currently rental went up to RM450.
Too bad I cannot make this deal.

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Added on May 9, 2009, 9:10 amWhen one retire just at / after the crash of the stock market, all his retirement fund gone bye bye.

Many soon to be retirees in Singapore lost money in the Lehmen (lemon), one of them being interview on the TV.
One of them claim losing S$500k, after that the voice start to change.
Almost cried.

So you may want to tell your friend how lucky he is to get it back.
Some are even luckier, retire with US$1mil and few years ahead of schedule.

This post has been edited by jasonhanjk: May 9 2009, 09:10 AM

Most people don't really understand what investing really means.
Even financial planner today don't know either.

Investing is a plan.
No matter you live or die, stock market go up or down, housing price go up or down.
The plan must work in all scenario.

Scenario A is for a safe and secure plan.
Scenario B is for a plan to comfortable.
Finally, there is the plan for being rich.

To be rich, all 3 plans are needed.
Plan to be rich, plan to be comfortable and a plan for safe and secure.


I agree it's stupid to put all your money in the stock market, it's as good as jumping off the building without a parachute.
Bad financial planner do recommend that but it's the investor must take full rensposibility.

This post has been edited by jasonhanjk: May 11 2009, 08:35 AM