I have written a FAQ on how a unit trust operates and what to look for when you invest in a unit trust. Go to my website and search for the keyword "Unit Trust".
www.tankinlian.com
Friday, July 30, 2010
Thursday, July 29, 2010
Job training and jobs
Read this letter.
My view
Singapore is giving a lot of emphasis on job training. It creates jobs for the trainers, but does not find employment for the trainees, who remain unemployed. It is better to provide job subsidy for recruitment of the unemployed (similar to the Job Credit scheme, which is now being phased out). The subsidy can be for the older people, who now find it difficult to get employment.
My view
Singapore is giving a lot of emphasis on job training. It creates jobs for the trainers, but does not find employment for the trainees, who remain unemployed. It is better to provide job subsidy for recruitment of the unemployed (similar to the Job Credit scheme, which is now being phased out). The subsidy can be for the older people, who now find it difficult to get employment.
Promotion on TKL books
The promotion will end tomorrow midnight (31 July 2010). To enjoy the lower price, order now.
Investing in gold
Mr. Tan,
My friend approached me to invest in gold. I pay a price for the gold bar and am allowed to keep the gold. I can sell back the goal at a guaranteed price and earn an attractive rate of return. Is this a good investment?
Bob
REPLY
You are probably required to pay for the gold at a much higher price than the market price. When the time comes for you to sell back the gold bar, you will probably not find the seller. At that time, you have to hold the gold bar at an inflated price, i.e. the actual price is lower than the amount that you have invested.
Remember this message: whenever someone comes to market an investment product to you, you have to be careful. It is likely to be a scam, even though the seller may be your friend and your friend may not be aware of the scam. Read my article on "Marketed Financial Products" which can be found in www.tankinlian.com (click on Information and enter the search word "Marketed".
www.tankinlian.com
My friend approached me to invest in gold. I pay a price for the gold bar and am allowed to keep the gold. I can sell back the goal at a guaranteed price and earn an attractive rate of return. Is this a good investment?
Bob
REPLY
You are probably required to pay for the gold at a much higher price than the market price. When the time comes for you to sell back the gold bar, you will probably not find the seller. At that time, you have to hold the gold bar at an inflated price, i.e. the actual price is lower than the amount that you have invested.
Remember this message: whenever someone comes to market an investment product to you, you have to be careful. It is likely to be a scam, even though the seller may be your friend and your friend may not be aware of the scam. Read my article on "Marketed Financial Products" which can be found in www.tankinlian.com (click on Information and enter the search word "Marketed".
www.tankinlian.com
TKL Website - change name of document
Dear Mr. Tan
I like the design of your website, especially as it allows me to download a document to read later. I can also send it by e-mail to a friend. However, I saw that the saved file does not have a descriptive title, and will only show a number. Can you use the title of the document as the file name?
REPLY
A few people have made the same request. I checked with my developer, but he explained that it would take a lot of work and the database has to be restructured. I already have a lot of documents stored in the database and wish to avoid this tedious work.
I suggest that you can rename the file before it is actually saved. Your browser will ask you for the name, so you can type in the title. You can even change it to suit your own naming style. I hope that this works for you. It will be quite convenient after you get used to it.
www.tankinlian.com
I like the design of your website, especially as it allows me to download a document to read later. I can also send it by e-mail to a friend. However, I saw that the saved file does not have a descriptive title, and will only show a number. Can you use the title of the document as the file name?
REPLY
A few people have made the same request. I checked with my developer, but he explained that it would take a lot of work and the database has to be restructured. I already have a lot of documents stored in the database and wish to avoid this tedious work.
I suggest that you can rename the file before it is actually saved. Your browser will ask you for the name, so you can type in the title. You can even change it to suit your own naming style. I hope that this works for you. It will be quite convenient after you get used to it.
www.tankinlian.com
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