Personal Finance
Why Singaporeans Fall Prey to Scams
By Financial Planning Central  •  August 16, 2009
[caption id="attachment_2281" align="alignright" width="150" caption="Photo by silverfox09"]Photo by silverfox09[/caption] A couple of weeks back, I received the same sms from 2 friends on the $49 worth of free calls by the 3 telephone operators to celebrate singaporean’s sending out 60 billion local smses. I smell a rat immediately and ask my friend:”Are u sure?”. Both gave the same reply:” No harm trying!” About 2 years back, a friend was approached to join the Swiss Cash scam. When warned about high possibility of it being a scam, the reply was again “No harm trying”… Recently, a more innovative “scam” have surfaced. This company sells you gold at a much higher cost compared to the market price. It then guarantees you a 2% interest every month and a buy back at the original bought price when you decide to sell. Many people, including churches, have expressed interest. No harm trying… A typical scammer will present his scam in this way: Read more...
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By Financial Planning Central
Tiang Chuan is a Independent Financial Adviser (IFA) with PromiseLand Independent Pte Ltd, an Independent Financial Advisory Firm. One of the reasons that propel him to join the Financial Advisory industry is the realisation of the importance of proper Financial Planning due to the experiences in his growing-up years. Read about his story to know more about what he went through
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