Regular readers of my blog would know that my parents are super resistant to any form of stock investments. This is due to the horror stories reported during the Asian Financial Crisis in 1998/1999. Reports of investors committing suicides were splashed all across the front pages of tabloids. My parents were not involved in the stock market back then, but the tragic stories were firmly etched in their minds. The US sub-prime crisis in 2008/2009 served to reinforce their utter distaste of stocks. So, imagine the chaos that ensued when I told them I bought shares 3 years ago. I tried convincing them to follow my footsteps to no avail. Finally, 2 months ago, my Mom decided to let me manage around S$20k of her savings. The rest of her money is in fixed deposits from various banks. As for my Dad, he is still as stubborn as a mule. ......
