QUOTE(Jinglexo @ Feb 3 2017, 09:05 PM)
Actually some people say don't buy too much coz gov no money repay back. What is your take on this? I'm quite new to this.
That is the million dollar question.
I was trying to find out what happened to Greece's EPF equivalent, did the account holders manage to get their capital? No answer yet. That will give me some idea of this govt monetary game they play. Trustee or not, that will not keep ASX 100% fail safe.
My take is, if the govt is really in that situation, then many other financial institutions will be in similar situation, most will be in even worst situation as the govt can do this and that with their magic hands to stay afloat.
Don't just put money in there (or any other places blindly). For ASX, keep yourself up to date on what is happening with ASX. Eg are they going to change from FP to VP? Sign of trouble ahead. I will get out within 1-2 days if the news is confirmed.
Keep your eyes and ears open for other secure investments with good returns. Do lots of study. Then park some $$$ there.
I know a friend who has invested some $ with 20% return every month! AND HE HAS BEEN DOING THAT FOR OVER A YEAR NOW! Too good to be true and I prefer to stay away from that.
All the best.