How to avoid scams

Hello, Mr. Tan,

I was approached by an financial consultant offering an investment product called forex phaetorian. This product originated from an investment company in Singapore. It is a 2 years term, capital guaranteed and 12% interest guaranteed payable every six month. The consultant told me that 12% investment return in singapore is very common.


Mr Tan, what do you think? I mean, if it is so good, then the whole of Singapore should know about it and sold out fast. Why do they have to come to Malaysia and sell to us? I was told it is a private placement and not a public offering product.


REPLY

There must be a catch. If something is too good to be true, then it is likely to be a scam. Do not trust any product that appears "too good to be true".

Joke: reduce the probability

An actuary is walking down the corridor when he feels a twinge in his chest. Immediately, he runs to the stairwell and hurls himself down.

His friend, visiting him in the hospital, asks why he did that. The actuary replies, "The chances of having a heart attack and falling down the stairs are much lower than the chances of having a heart attack only."

How to stretch your dollar

Dr. Money writes about how to stretch your dollar with the right type of insurance plan:

http://newpaper.asia1.com.sg/columnists/story/0,4136,172456,00.html

http://www.tankinlian.com/drmoney/