Read? Playing The Game of Leverage (3) The mind of an investor can easily change their perception of risk/reward when the investing idea for the SAME financial instrument is presented in different scenarios depending on the mind perceiving it as Greed, Doubt or Fear. Let take DBS 6% NCPS as an example for such financial instrument Scenario 1 I believe Investor easily has SPARE $20K that can be used for investing; but he rather keep it in bank or money market earning low return of 1% for whatever reasons or simply waiting for better investing opportunity to come. If you ask him to invest this SPARE $20K in DBS 6% NCPS to earn passive income of 4%. He have to think hard whether is this a good idea or not? Scenario 2 But for the same financial instrument, in this case DBS 6% NCPS can be thought to be a good candidate for leveraging ......