Another step towards retirement adequacy taken.

My voluntary contribution in 2015 to CPF is done:

With this, I will enjoy the risk free interest rates of 2.5% to 4.0% earlier.

Sit back, relax and wait for the magic of compounding to do its work.

Related post:
Retirement: AK is buying a AAA rated bond.

Friend selling exclusive investment with 6% a month return. (Could this be a great investment?)

"Those at the bottom are left with a loss."

This is another example of my ignorance:

Hi S,

Welcome to my blog. :)

What you have described is something very esoteric. Well, at least to me, it is.

I am afraid I know nothing about something like this. If you would like me to blog about it to see if other readers might be able to throw some light on the matter, let me know. :)

Best wishes,
AK


What was this in response to? This:

Hi AK,

Just a basic introduction of myself, I am a 21 year old teenager, I have been reading your blog since I was 19. I made my first small sum investment when I was 19 too.

Here is my query:

Recently, a friend of mine contacted me to sell an investment policy to me. It was described as an "exclusive" investment. Here is how it goes.

- Minimum sum invested must be at least SGD $2 million dollars

- Period of investment is 25 months

- The investor will get a return of 6% a month (4% being the capital return, 2% being the interest of the sum invested)

- There is a banker's guarantee attached to this investment for the capital return too

So I did my simple math and calculated, if someone invested 2m, by the end of 25 months, it will be 3 mil. I was very skeptical about it at first, but after consulting one of my friend from the bank, he said there are such things. Why is there such an investment instrument in the market? What's more the security is there with a banker's guarantee attached. Can investment like these be trusted just because there is a banker's guarantee attached? We all know 2m is not a small sum, therefore I am humbly enquiring about this with you. Could you give me some opinions on this?

Thank you:)

Best regards,

S

Sure thing, share it with the readers. I am really curious, is there really such thing as a "almost-zero-risk" investment like this?:) thank you AK.

Much appreciated.

Sounds too good to be true? A healthy dose of skepticism is likely to improve our chances of survival in the field. However, what if it were true?

If you have any idea what this is or if you have something to say about this, please leave a comment for us. Thank you.

A useful reminder as we are offered opportunities:
Advice from a fraudster.