12/16/2008

Myth 202 - Let the experts manage your money

I am sure many of you must have heard of this advice. It is an advice based on track records and experience. The experts must be the experts. Let the experts manage and invest your money and you can sleep well. You can see all the adverts in the trains and on TV as well. Wow, let other people manage your money. Have faith in the experts. Singaporeans are sooooo trusting. Actually so gullible. We have the minibonds. Hopefully no one puts money in Madoff's fund.

4 comments:

The Hermit said...

Unfortunately, all Singaporeans are mandated by law to put their money in an experts managed fund known as the CPF so that they will feel rich every month when they see their statements.

They are probably better off putting their money in red bean fund for that higher rate of return. = =

redbean said...

ya hor. 10% interest still no takers : )

Anonymous said...

when one applies for a job they look at yor work experiences and experties, now these are irrelevant...

redbean said...

all the age old principles have been thrown into the dustbins. the world is spinning under a new set of principles.