Being on the radio..
Surprise surpise! I was being interviewed by Live 938 Fm for information regarding DBS triple happiness fund. Its my first time ok, i know its nothing big.. but come on! Im probably the first "Ho" family memeber to get on radio right?! Plus with an interview like that to spice up my espically boring life (NS), i couldnt ask for more.
Basically, this Lady journalist (very nice person) found my analysis on the forum , thus she was interested on my take and feeling as an investor of that fund. So i just provided her with my analysis on my take on the fund and then got on radio lor. Well come to think of it, its pretty short, like 10s the most. But im glad to at least have a little taste of what is like being on the radio. Beacuse arh.. for soooo many times, ive been trying to get 978fm to play my songs and hear my dedications, but always can't get thru to them..ahah who wouldve thought a radio wanting to get thru to me ! Quite honored and humbled la, makes me want to work even harder,smarter and gain more knowlegde on finnance and investment.. omg im like soo pumped up about investments-amen to that. I want to know/master/understand/apply the art,techquie and functions of investing wisely and the know hows of the finnacial world. This interview has surped me to go all out to persue my interests and not other pointless activities like tution,aiming for As in my studies, drumming(espeaiclly those that involve japanese ones) and swimming. Well im quite tired of bragging , just for the record, i copied down the scrip from Live 9.38 Fm regarding my interview. :]
-----------------------Updated: 6th November 2008, 1940 hrs ---------------------------
Uncertainty for investors of Capital-Gauranteed Fund
Another group of investors in Singapore is feeling the heat from financial failures on Wall Street.Investors who bought into DBS Triple Happiness Capital Gauranteed Fund, have been informed that their money may not be protected afterall.That's because the fund was gauranteed by a subsidiary of US insurer A-I-G, which is in financial trouble and had to be bailed out by the US government in September.Irene Chan finds out more.So far, investors of the Triple Happines Fund have not been as vocal as the Lehman Minibond investors.Probably because Triple Happiness investors know AIG has received a financial lifeline from the US government.Still, they've been warned in a letter by the distributor of the product, DBS Asset Management,that there is a possibility AIG may run into bankruptcy.So in the event of a default by AIG, its subsidiary -- Banque AIG -- may not honour the capital guarantee on the Fund, and other agreements.22-year old NS man Ivan Ho, who had invested XX thousand dollars in the fund, says he was shocked when he received the letter from DBS Asset Management.He said the POSB relationship manager who sold him the product, had not even informed him at the time that the fund was guaranteed by a third party."I was interested in investing in government bonds, then they recommended me this product, saying that it's like government bonds, very safe, 100 percent return back your capital. So when I first saw the letter, I was in shock, I don't wish to lose all my capital. I would be very upset if the fund actually collapses, because the money is actually for my university studies."But Mr Ho says he's now calmer.DBS Asset Management had assured him that none of the underlying securities have defaulted at this stage and that it's monitoring the situation at AIG.Nicholas Chew, financial consultant at independent private wealth management firm, Providend, explains a number of things can happen under such circumstances.
"If the guarantor goes, then the trustee of the notes can try to get another guarantor. But if worse come to worst, they have to trigger an early termination of the notes, what the investors get back is the market value of the underlying securities less costs. The problem is, in times like these, the underlyings would be hit quite badly."
In the event where investors dispute the outcome, Mr Chew says the course of action for them is to lodge a complaint with the financial institution, or FIDRec, the Financial Industry Disputes Resolution Centre.
Basically, this Lady journalist (very nice person) found my analysis on the forum , thus she was interested on my take and feeling as an investor of that fund. So i just provided her with my analysis on my take on the fund and then got on radio lor. Well come to think of it, its pretty short, like 10s the most. But im glad to at least have a little taste of what is like being on the radio. Beacuse arh.. for soooo many times, ive been trying to get 978fm to play my songs and hear my dedications, but always can't get thru to them..ahah who wouldve thought a radio wanting to get thru to me ! Quite honored and humbled la, makes me want to work even harder,smarter and gain more knowlegde on finnance and investment.. omg im like soo pumped up about investments-amen to that. I want to know/master/understand/apply the art,techquie and functions of investing wisely and the know hows of the finnacial world. This interview has surped me to go all out to persue my interests and not other pointless activities like tution,aiming for As in my studies, drumming(espeaiclly those that involve japanese ones) and swimming. Well im quite tired of bragging , just for the record, i copied down the scrip from Live 9.38 Fm regarding my interview. :]
-----------------------Updated: 6th November 2008, 1940 hrs ---------------------------
Uncertainty for investors of Capital-Gauranteed Fund
Another group of investors in Singapore is feeling the heat from financial failures on Wall Street.Investors who bought into DBS Triple Happiness Capital Gauranteed Fund, have been informed that their money may not be protected afterall.That's because the fund was gauranteed by a subsidiary of US insurer A-I-G, which is in financial trouble and had to be bailed out by the US government in September.Irene Chan finds out more.So far, investors of the Triple Happines Fund have not been as vocal as the Lehman Minibond investors.Probably because Triple Happiness investors know AIG has received a financial lifeline from the US government.Still, they've been warned in a letter by the distributor of the product, DBS Asset Management,that there is a possibility AIG may run into bankruptcy.So in the event of a default by AIG, its subsidiary -- Banque AIG -- may not honour the capital guarantee on the Fund, and other agreements.22-year old NS man Ivan Ho, who had invested XX thousand dollars in the fund, says he was shocked when he received the letter from DBS Asset Management.He said the POSB relationship manager who sold him the product, had not even informed him at the time that the fund was guaranteed by a third party."I was interested in investing in government bonds, then they recommended me this product, saying that it's like government bonds, very safe, 100 percent return back your capital. So when I first saw the letter, I was in shock, I don't wish to lose all my capital. I would be very upset if the fund actually collapses, because the money is actually for my university studies."But Mr Ho says he's now calmer.DBS Asset Management had assured him that none of the underlying securities have defaulted at this stage and that it's monitoring the situation at AIG.Nicholas Chew, financial consultant at independent private wealth management firm, Providend, explains a number of things can happen under such circumstances.
"If the guarantor goes, then the trustee of the notes can try to get another guarantor. But if worse come to worst, they have to trigger an early termination of the notes, what the investors get back is the market value of the underlying securities less costs. The problem is, in times like these, the underlyings would be hit quite badly."
In the event where investors dispute the outcome, Mr Chew says the course of action for them is to lodge a complaint with the financial institution, or FIDRec, the Financial Industry Disputes Resolution Centre.
posted by Chlorophyll Inc at
5:59 PM
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