Quote:
Originally Posted by dman19
Wise words, I would like to add on for anyone that is planning to invest when you suddenly have money to touch (eg. Cpf, toto, inheritance etc). Please allow yourself some time (can be months or years for some) to navigate whichever markets you are going into and know yourself what is the limit that if you lose you will not be able to sleep. Seen enough sad stories of friends blowing out their cpf because they never handle that much money in their life. Plus, as yiu get older, you are SUPPOSED to invest safer.
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Quite true. Also stay away from bank RMs and insurance agents peddling toxic investment products.
I lost money on banks structured notes and unit trusts and now I avoid my RMs like a plague!