11/19/2008

Myth 194 - The fallen myths

There are many myths that have fallen flat on the ground. We used to be told that if people invest their money in stocks, in the long run they will be better off. This tooth has been proven beyond any doubt, that this is not the case. Many have lost their CPF savings when they put their money in stocks. So the next truth is to not to put money in stocks but in unit trusts to spread the risk. The result is the same. Kaput. Ok, try another option. Put your money with the experts. Let the fund managers handle your money and invest for you. What a wise recommendation. Another kaput. Trust only the big and proven funds. The bigger the better. We all know where it will all end up. The final option, keep your money in CPF. Very safe. Guaranteed. This one will surely not become a myth.

7 comments:

Anonymous said...

CPF sure safe? 100%?
I agree it is till 2009. Pass that maybe some people may emigrate to account for the losses.
Of course, I pray it will never be.

redbean said...

you seem to know something that i don't.

Matilah_Singapura said...

When it comes to the question of "where to put your money", you can rest assured that most answers to that question are pure myth, aka BULLSHIT.

As the old saying goes: "Business and investing are all about money and experience. Those with the experience get the money. Those with the money...."

redbean said...

those with the experience get the money.

let me try to understand this wisdom of yours. now lehman bros must be very experienced.

Anonymous said...

Put it in your stomach. That's the safest. Nothing can beat that.

Matilah_Singapura said...

Not just lehman, but goldman sachs, jp morgan, lunch et al.

They are all ex-spurts in obtaining corporate welfare, and have been doing so FOR DECADES. (e.g. Morgan since 1913)

redbean said...

ok, i get your point. many great brands will not stand a chance when they get out of hand with what they were originally set out to do. when they forget their first mission, they will falter and falter until they lost themselves and get delusion.