As an investment blogger, my commitment is to deliver quality content so that readers can benefit from reading my blog. Beyond this, I also hope to build a community by engaging my readers. Thus, if you find this article useful, please email subscribe to my blog for free or share your thoughts in the comment block. Today, I will share the scary truth about accredited investor rule in Singapore.
I learned about the accredited investor rule a few years ago from a local entrepreneur who worked in the financial sector for many years. He candidly shared with me his experience as a wealth manager and touched on how the industry made money from investors based on this rule.
I have previously written about this rule in this blog but apparently many readers still have many doubts about it. You may check it out here.
Make your money work hard
Like many people, I share the same aspiration to enjoy the good life through building wealth. In this regard, my conviction is that investing offers the possibility of a ticket to financial freedom.
But have you ever wondered why so many Singaporean investors lost big sum of money in financial products like Minibond Notes, High Notes 5 and Pinnacle Series 9 and 10 Notes back in 2008? Instead of making money work hard for them, ironically they lost substantial wealth. Last year, many investors also got burned after investing their hard-earned money in Swiber corporate bonds.
Many of you would presume that you would not suffer the same fate but you may be wrong. This is because these investment products are not scams, but legitimate products sold by reputable banks and financial institutes to retail investors. This means that it could happen to any one of us.
Many of these individuals are affluent but were unaware of the risks behind these financial products. Given their lack of understanding of these investments, how on earth did they manage to get access to these financial instruments in the first place? This is where the accredited investor rule [This is a premium article. The rest of the content is blocked and can be accessible by SG Wealth Builder Members only. To read the full content, please sign up as member.]
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