The subprime crisis started to topple major banks ranging from Bears Stearns, Lehman Brothers, AIG to name a few... created wave of panic selling resulting global meltdown... with STI went down to 1,900 points (3 years low).
My purchase of the minibonds has vanished - most probably to reduce mini, if not totally wiped off. Hopefully, HSBC Trust, MAS or even NTUC former-CEO, Mt Tan can perform some miracle for the small retail investors like us. Losing 20K is not small amount and the lessons learnt is great! Seemed that my wife has taken the news with lesser fear and anger by my choice of investment. This really bond us together. Moreover, despite my failed investment, I am still very optimistic about the finance market for the years to comes as today's global ecomonic, financing and crediting is an essential services. In the years to come, I may be more risk-averse and perhaps, put more monies into fixed deposits and bonds... (even insurance may not be most secured!)
Again, hopefully, I can get some "mini-s" from the investments! Good luck to me!
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