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How I avoided MFGlobal’s bankruptcy?
By Dr Wealth  •  November 6, 2011
The recent MFGlobal bankruptcy saga was all in the news and it was such a hot topic that The Sunday Times put up a report and interviews on local Singaporeans investing/trading in stocks and CFDs. I guessed their agenda was to evaluate the investing climate of Singaporeans, and if there is a large percentage of people using CFDs. In fact, most of the interviewees were young adults in their early 20s. I guessed the journalists assumed this is a high risk group of people who are internet savvy and can easily be enticed into CFD trading, given the promise of making fast money. Without sufficient experience and knowledge, the youngsters may run into debts by leveraging on their trades. Most of the interviews showed that the youngsters mainly invested in stocks and stayed away from CFDs. I am unsure if this is deliberate to advise youngsters to avoid CFDs unless ......
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By Dr Wealth
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