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All That Is Gold Does Not Glitter
By Sethisfy  •  April 26, 2011
Wouldn’t it be great if your investment gave you such returns as seen in this chart? Consistent and impressive indeed. This was one of Madoff’s funds which gave abnormally consistent returns for almost two decades before crumbling spectacularly and revealed as an elaborate Ponzi scheme in 2008. While everyone knows of the adage of something being too good to be true, many people are still seemingly caught up in dubious “investments” that promise quick, high and guaranteed returns. While Madoff’s investment scandal may be a bit far from home, Singapore does have its fair share of such schemes, with Sunshine Empire happening not too long ago. Still, it appears to me that there are people who continue to be lured by such dazzling returns. Most recently, I have spoken with someone I know who is vested in a scheme that offers some 2% per month return, which is more than ......
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By Sethisfy
As an adult, I’ve been through many ups and downs in my career path and personal finance journey, not unlike many Singaporeans. From my years as a tied insurance agent turned independent financial adviser, I realised that there are very few sources of proper, unbiased financial advice for working adults to access. Worse, self-styled “financial consultants” are selling products like savings plans and ILPs to the detriment of the clients whose interests they were supposed to serve.
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