Monday, September 29, 2008

Goh Chok Tong's comments on minibonds, high notes

Some investors have expressed disappointments at the comments made by Mr. Goh Chok Tong on minibonds and high notes.

I believe that Mr. Goh made the comments while in China. He may not be aware that many investors are retirees with low risk profile and were misled into investing in these high risk products by the advisers.

I suggest that investors should prepare the Petition letter to your Member of Parliament. You should see your MP to tell the MP about how you were misled into the investment. If the MPs hear the story from many of their constituents, they may be moved into taking this matter up in Parliament.

You can also sign the Petition letter to the Singapore Government. I will include my report on the possible wrong doings for the Government to investigate.