::2008 Resolutions CrapBox::

last SG · 2007-12-25T03:03:33+00:00

fren say can bring me out for sarper…. shd i go…...?

sunny3510 SG

their plans are unethical lo...

they r more well-informed financially... they sell this kinda plan where can counter inflation.????

FireIce SG

Happy Boxing Day!

FireIce SG

so sian
i go puff first
then prepare to koon liao

tml have to pia work again

MooKu SG

If you let your mom in a little on the investments you make here and there, then next time she won't fall for such things leow loh. Wink

sunny3510 SG

Hers is hard-earned $$ lo...

MooKu SG

What I mean is, share with her what kind of financial instruments there are out there. In this way, she will know which are the good apples and which are those that will give her a bad tummyache.

Or you might as well manage her money for her, but don't take risks that are too big lah. It is possible to earn a return sufficient to fight inflation by taking moderate/low risk right?

sunny3510 SG

me rather she go spend all her money... nt enough juz take frm me...

no nid go feed banks and salesperson

MooKu SG

I told my mom to always bring home a brochure or something if anyone asks her to invest in anything. If it's okay, then I'll make the trip to the bank with her to make sure I've not left out anything.

Cos there was once she put quite a bit of money in this equity fund. I'm not familiar with that, but the value dropped by a few thousand. I low risk appetite mah, so scared leow, tell her dun anyhow anyhow loh. Thankfully the monthly returns can cover the loss...

MooKu SG

I don't know how your mom is like, but sometimes aunties are like.. they don't know anything, so when the salespeople at the bank introduce to them something, they see some benefit and buy into it regardless of whether they need it or not. So it's may not be a matter of wanting to grow her own money so she will have enough to spend..

sunny3510 SG

my mum is illiterate .... so can forget abt financial education....

she juz know how to save, save and save

MooKu SG

Alamak.

I thought I ate a lot today.

How come gastric pains coming!!!

FireIce SG

still is savings wat
not like she lost all the money or wat
dun freak lah

MooKu SG

sheng2 sheng2 sheng2, mother zui4 bang4! Mr. Green

FireIce SG

shd be sheng3

but now no more see shop n save ads liao

sunny3510 SG

she so old le... still save for wad?

and i dun nid a single cent frm her when she left

FireIce SG

savings is still good to have mah....
u neber know when u need the money......

sunny3510 SG

precisely~

den y still tie up her money?

FireIce SG

spare cash can invest mah
earn some interest oso fun
maybe she want to have more money for u next time leh

i go koon liao

bai bai

littlestream SG

alamak....just when i wanna wish FI merry christmas. Sad

nite nite FI. sweet dreams Wink

MooKu SG

Maybe you can write in to the bank and ... well, demand an explanation as to why the financial adviser recommended the product to your mom even though it wasn't suitable for her... and maybe even ask if they can cancel it. Like, kick up a big fuss and complain complain to the head of the department...

What did your mom buy into?

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