"High returns mean high risk. There is no free lunch. " Those greedy retards who can't even comprehend these two simple financial truisms deserve to lose their pants and more.
Another financial truism: "There is a sucker born every minute"
I have zero sympathy for rich people who have no brains. They give the really rich people a bad name. These retards deserve to be poor..lolzz
DBS High Notes investors at risk
Thu, Sep 18, 2008
The Straits Times
By Francis Chan
SOME local investors of a product linked to bankrupt investment giant Lehman Brothers have received late-night phone calls from DBS Bank warning them that their entire stake may be wiped out.
The investors have their cash in a product called DBS High Notes 5 that the bank offered wealthier clients last year. It came with a promised annual return of about 5 per cent.
But Lehman's collapse on Monday means the product will be unwound and investors may only get a portion of their investment back - or none at all.
Another financial truism: "There is a sucker born every minute"
I have zero sympathy for rich people who have no brains. They give the really rich people a bad name. These retards deserve to be poor..lolzz
DBS High Notes investors at risk
Thu, Sep 18, 2008
The Straits Times
By Francis Chan
SOME local investors of a product linked to bankrupt investment giant Lehman Brothers have received late-night phone calls from DBS Bank warning them that their entire stake may be wiped out.
The investors have their cash in a product called DBS High Notes 5 that the bank offered wealthier clients last year. It came with a promised annual return of about 5 per cent.
But Lehman's collapse on Monday means the product will be unwound and investors may only get a portion of their investment back - or none at all.