Written By: Tiang Chuan on November 22, 2011 No Comment

High Court Justice Tay Yong Kwang dismissed the court appeals by Sunshine Empire trio, company founder James Phang, former director Jackie Hoo Choon Cheat and Phang’s wife Neo Kuon Huay, reports the November 22nd 2011 edition of The Straits Times (Sunshine Empire appeals dismissed).

James Phang, Jackie Hoo and Neo [...]

Tags: []
Written By: Tiang Chuan on November 19, 2011 No Comment

A director of landbanking firm, Profitable Plots, have failed to get back her passport after a second attempt, reports the 19th November 2011 edition of The Straits Times (Profitable Plots director can’t get back passport). She made the first attempt in May this year.

The Singaporean requested to be allowed [...]

Tags: []
Written By: Tiang Chuan on November 13, 2011 6 Comments

Every Sunday, there will be an article on the papers that features a successful investor in a Q&A format. Part of the Q&A will be a question on their worst and best investment. Normally, the best investment would be business of the interviewee.  However, it was different today. The best investment is an [...]

Tags: [, ]
Written By: Tiang Chuan on November 9, 2011 No Comment

According to the 09th November 2011 edition of Today (Profitable Plots sends legal letters to SIAS, CEO), Securities Investors Association of Singapore (SIAS) and it’s CEO, Mr David Gerald, have received lawyer letters from Profitable Plots on the latter’s consideration of defamation suit [...]

Tags: []
Written By: Tiang Chuan on October 3, 2011 2 Comments

A landbanking firm claims that they have never lost money for their clients. They claim that their accounts have been vetted by a renowned auditing firm and they have very strict criteria in selecting their projects. Sounds to be the perfect investment! But let’s cool down and think through the possible issues.

Tags: []
Written By: Tiang Chuan on October 1, 2011 No Comment

The quote “Bearish brokers have skinny children” stuck after attending a wealth management forum. This simple phase speak volumes about the issues facing not just the wealth management industry, but the whole investment community. The issues discussed at the forum were starting to sound like a broken record. No clear solutions was offered.

Written By: Tiang Chuan on September 26, 2011 No Comment

A businessman deposits $1m into a bank. Down comes the relationship manager with 2 proposals that total, you guessed it, $1m.

2 hot funds plus a universal life plan were proposed. A whopping 5% sales charge was imposed but there was no attempt to asset allocate at all. The investment was split [...]

Written By: Tiang Chuan on September 25, 2011 No Comment

As F1 roars into town and private banks get to wine and dine their clients, a growing number of millionaires are realizing who actually is footing the bill.

According to the 22nd September 2011 report on Bloomberg (Millionaires Form Family Offices to Avoid Private Banks), successful Asian families are setting [...]

Written By: Tiang Chuan on September 23, 2011 No Comment

The past few weeks must have been really fun for Mr Market. Investors have been placed onto Battlestar Galactica and the ride has been going on for a few weeks. Below is a just a few observations of how things have gone wrong for many. Note: I am not trying to say that [...]

Written By: Tiang Chuan on September 11, 2011 No Comment

Listen to John Bogle, founder of Vanguard group and inventor of index funds, on why diversification is NOT for idiots. A good 20 min video.

 

Copyright © 2009 - 2011 Financial Planning Central, All rights reserved.