Investors in a Squid Game cryptocurrency lost an estimated US$3.38 million when the anonymous creators abruptly pulled the plug, according to tech website Gizmodo.

Unfortunately, this coin looks like a scam.

The Squid Game cryptocurrency was hyped up, promising returns that did not materialise.

Investors, or should I say speculators, went in with the wrong expectations, and ultimately, made the wrong choice.

There’s something to learn from this unfortunate episode.

As investors, we are faced with a dizzying array of choices on where to put our money to work.

Some choices are safer than others.

The safer options available today include leaving your money in your bank account, fixed deposits or bonds.

Some investors may even prefer to top up their CPF account to earn a return of between 2.5% to 4% per year.

But what is safe today may not be good enough for tomorrow’s needs.

Inflation is unmistakably on the rise, if you look around you.