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Snake Oil Financial Instrument Sold
By Create Wealth Through Long-Term Investing and Short-Term Trading  •  September 21, 2021
Examples Lehman Brothers Minibonds that are affordable to average retail investors.  Products sold by Big Boys are safe lah! ??? Latest financial snake oil is ... ONE of China Evergrande Group's main lenders has made provisions for losses on a portion of its loans to the embattled property developer, while some creditors are planning to give it more time to repay, four bank executives told Reuters. The Chinese banks' measures, reported for the first time, show how financial institutions in the world's second-largest economy are bracing for a possible collapse of Evergrande. The developer epitomised China's freewheeling era of borrowing and building, with nearly US$305 billion in liabilities across loans, bonds, so-called trust products and money owed to contractors and suppliers, among others. Agricultural Bank of China (AgBank), the country's No 3 lender by assets, has made some loan loss provisions for part of its exposure to Evergrande, one...
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By Create Wealth Through Long-Term Investing and Short-Term Trading
I am 62 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016. Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 3nd year Uni in SUTD. I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild. I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038. Cheers!
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