In the quest to find better returns at a lower risk, many people have been attracted to alternative investments. If these alternative investments do fall under the Securities and Futures Act (SFA), they are normally only available for Accredited Investor to purchase. Most common examples are hedge funds. However, many of these alternative investments do not fall under the definitions as … [Read more...]
You are viewing articles categorised under Scams
Land banking company uses many financial advisers to sell
There are many exotic investments that make your mouth water. One exotic is called Land Banking. I was approached by one land banking company to market their product and this is what I was told. They told me that the land banking gives out 11% commissions! Of course the salesman do not get it all because he has to share with his team leader and the team leader has to share with his group … [Read more...]
Turning to friends for advice turn out to be a bad advice
There was an article published here: It's Better To Get Your Hands Dirty. I would like to comment on (1) Scam and (2) Friendship On Scams It has been said that if an investment product is too good to be true – than it probably is. If a product can give 50% guaranteed over 2 years (for example), look no further as this is definitely a scam. Why? It is important to understand the meaning of … [Read more...]
SwissCash alert
It has come to my attention that an "investment" scheme is openly being marketed in Singapore through open seminars held in hotels. This is known as SwissCash. The returns are too good to be true. A person sought my advice on this and told me that for $1000 invested, he is promised a accumulated return of $3000 over 15 months period. The following mathematics involved will demonstrate that this a … [Read more...]
