Wednesday, November 19, 2008

NTUC Income shares

Hi Mr Tan,

I would like to seek your advise with regards to the Income Shares which i had 'invested' in. Are these shares safe to hold on in the midst of the financial meltdown?

While I had trust in NTUC, I'm just afraid the monies collected by Income could be used to invest in junk derivatives and erode Income's financial position.

Would you be able to offer your advise? Many thanks for your time, and do continue the fighting spirit!

Thomas

REPLY
It should be safe. I also have shares in Income and will keep them during the financial crisis.