09-03-2015, 12:02 PM
(06-03-2015, 07:07 PM)Layman A Wrote: Thank you guys.
I have in fact paid the price, learned a precious lesson , and put the whole episode behind me.
In fact I have forgotten about the company until CityFarmer brought it up... ,
in fact it surprise me that it take so long for the crook to delist the company.
Some questions to ask after so may S-Chip companies have came and gone, taking away billions of shareholder's money with them.
1. What has SGX learnt after the whole S-Chip saga ?
2. What has MAS learnt after the whole S-Chip Saga ?
3. Is there anything put in place , like a legal framework or something to prevent a similar scenario in the future ?
With that I rest my case here.
if there is any consolation, let me tell you even though i know how dangerous it is to invest in "S-Chips", i have gone into some of them. Some of them, i have manged to hit and run but overall i have been "pensoned" by them.
This remind me of :-
"If to do were as easy as to know what were good to do, chapels had been churches, and poor men's cottages princes' palaces. ."
So better stick to WB's rule No.1 and No.2 (aka i am not that smart to be a hit-man)
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.