[Alleggsinonebasket]

Dear fellow investors,

I would like to share a cautionary tale about my experience investing in a dbs's digital investment program.

In testing the water, I had invested S$1,080/- in this program

and during the first three months, there was a paper return of around 3%.

However, after the bank's first quarter review, the investment suffered paper losses.

Despite this setback, I continued to hold on to my investment for 10 months.

However, when I finally closed the account, I only received S$1,060 back, which was less than my original investment amount.

What happened to the S$22/- dividend that was stated I received?


More at https://tinyurl.com/2jvsrzp3

[sgbuffett]

No head no tail poorly written account.

[jameslee58@hotmail.com]

Most banks are terrible in designing investment product because their starting position is to benefit themselves

Just like casino, they also design the game in their favour, yet, still have peoples throw money to them
You should ask yourself, are you a gambler?
If you buy a banking product and your lost money, then you are a qualified gambler
You should print yourself a certificate, certified gambler

The bank tell you if you lost money is your problem, not theirs, written in the contract, lopsided terms, but you have to pay them first, inorder for you to lose money
Pay to lose

[sgbuffett]

Most banks are terrible in designing investment product because their starting position is to benefit themselves

Just like casino, they also design the game in their favour, yet, still have peoples throw money to them
You should ask yourself,  are you a gambler?
If you buy a banking product and your lost money,  then you are a qualified gambler
You should print yourself a certificate, certified gambler

The bank tell you if you lost money is your problem, not theirs,  written in the contract, lopsided terms, but you have to pay them first,  inorder for you to lose money
Pay to lose

People who expect not to lose money investing are fools.
All investments carry risks and rewards.

The banks makes money from fees so it always wins.
Investors should check to make sure it is not more than 0.5%

There are people who should not invest their money and the author of the poorly written article is one such person. It is too painful for him to lose money in an investment so he should put it in CPF or a fixed deposit. ...something he concluded himself at the end of his long winded article.

[jameslee58@hotmail.com]

Don't be stupid to buy product designed by the bank
On the day sign up, you already lost money, they charged you upfront

There are other product not designed by bank, you can invest in other stuff not designed by banks
If you have nothing to invest, or don't have much knowledge to invest, just put in saving account, still better than losing money

[Alleggsinonebasket]

Lmfao

[grotesqueness]

DBS.........

Definitely Bank of the Snakes






they burned your money off for you

[fuch_asia]

Dear fellow investors,

I would like to share a cautionary tale about my experience investing in a dbs's digital investment program.

In testing the water, I had invested S$1,080/- in this program

and during the first three months, there was a paper return of around 3%.

However, after the bank's first quarter review, the investment suffered paper losses.

Despite this setback, I continued to hold on to my investment for 10 months.

However, when I finally closed the account, I only received S$1,060 back, which was less than my original investment amount.

What happened to the S$22/- dividend that was stated I received?


More at https://tinyurl.com/2jvsrzp3

Gian png kia spotted