By: Patrick Lim Every Sunday, I always look forward to going to church for a time of worship and after which, I enjoy 'catching-up' with fellow worshippers. And once home, and to relax, one of the things i will do is to pick up a copy of the Sunday times and dive straightaway to Ms Lorna Tan's invest page and to Ms Sumiko tan's article which this week focuses on the lamentations of her one and only encounter on investment with a "relationship manager" who persuaded her to park her savings of $80,000 into the DBS star track fund. After 5 years, Ms Sumiko received a total of $82,342.40 which is a return of $3,242.40 on her initial capital of $80,000. but she reasons this is inferior and she would have been $4,000 richer if she had instead put her capital into a fixed deposit assuming a 1% interest return per annum over the same 5 year period. And she went on to point out how the cost of living is rising every day which is certainly not about greed (on increasing's one wealth) but rather, it's all about survival and fear. Why fear? Because and I quote from her article: "people need to find ways to invest their money such that the returns are higher than the scary inflation rate. but she asks, " the question is, how?." and yes, she emphasises the desire to make a quick buck is hard to suppress because she'll never be a hare who can take wild gambles, play the market and strike brillant deals to fatten the bank account. In conclusion, she must have sighed when she opined: "I just need to look for a reliable bank to park my money in fixed deposits, never mind if the interest is paltry. at least, my money will be save." My comments: Read more...