Hi, i’m very real… =D
Apologise but maybe u mis read my post?

In my opinion 5% is NOT high return. Which is y i feel there’s mis selling due to the marketing of the Mini Bonds as Low Return Low Risk. I hope this clarifies my previous post.

But of coz i may ve misunderstand ur post also… Apologise if i did and would hope tat u could explain farther.

I think post #7 also think the same as me such tat 5% is not high returns at all, thus not at all suitable for the high risk tat follows the product. And confirm not suitable for the investors profiles.

Hope this has clear things up. =D

5% return high risk right ?

Daniel Ling and the guy in post #7) , you must be really brainwashed to believe that 5% is high-return-high (disapportionate)- risk. Do you know how bank is charging for late payment per annum with all the backing of the law behind them if you default.

Even your long-term or short-term borrowings from banks are mostly collaterised. Try not paying and you will see what you will get.

At 5% p.a, it will take you 20 years to recover the principal sum without even counting the usually inflating value of money.

I agree with your comment: Greedy pple would prefer HIGH returns HIGH risk.

The smart ones want Low Risk, High Returns.

Who want Low returns high risk? Only the dumb and dumber.

Actually it’s similar.

The structured products were very complex. High Risk, Low Returns and confirm not suitable for most of the investors profile.

Maybe the writer didn’t write clearly, but generally the concept his trying to explain is tat there was mis selling. And now the sellers r taking the stand tat it’s ur fault… For believeing me tat the product is suitable for u.

Of coz there r pple who out of greed bought the product. But i mean, i’m greedy too, but i won’t buy a 5% return high risk right? Since there’s lots of other 5% low risk products anyway.

Greedy pple would prefer HIGH returns HIGH risk… not LOW returns HIGH risk…

Very bad analogy – shooting yourself in both feet. If the drug has not been tested as safe for general consumption, it would not be permitted for sale. Period. End of story.

CIMB-GK to buy back Lehman, Merrill Lynch-linked products
By Valarie Tan, Channel NewsAsia | Posted: 28 October 2008 1957 hrs

Some questions in my mind:

1. Why brokerage CIMB-GK buying back from “vulnerable investors” in the first place? Was it a sincere and serious offer? Do we know what is the progress?

2. The CNA report said: “Those who fall outside the vulnerable category will be handled on a case-by-case basis.” So it gave the impression that the brokerage is going to handle other mis-selling cases.

So, how wide spread is this the top management of brokerages have already taken a firm stand that they are only the “Order Executor” …. position?

Thus the pt of mis selling where the seller with held impt info. Although yes, it’s stated black and white. But then it would be the same as the Bank as seller where the Black and White was on the 1st and 2nd page but in bold.

But the sellers agressively marketed the product as low risk EVEN THOUGH it was stated in 1st and 2nd page tat it was high risk.

So it’s almost like, i keep telling u, this product STEADY~~~ then u trust me and dun really read the black and white from 1st page top to last page btm.

Sad to say, i dun do tat too. Reading black and white from 1st page top to last page btm. =( And if u ask me, 5% returns is surely low risk. =( So yes i do feel there’s mis selling.

Since if i ask u to buy a 5% return high risk product, wat would u say?
If u already bought the 5% return but marketed as low risk product and someone tells u, hey y did u buy a high risk 5% return? Wat would u say? Wat would u try to do?

You still have not elaborated how mis-representation has taken place. If you can supplement this, people would be more sympathetic to your case.

Best regards

Why can take tried and tested Panadol do take, so experiment new thing?
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Want to early redemption without penalty – join the fixed deposit queue. try to jump queue to take quick and easy shortcut, but now found the shortcut lead to dead-end, want to join back queue.

Why will people learn to be responsible for their own decisions?