Omg tried to withdraw money from chocolate finance cannot immediate withdrawal. Say need up to 10 working days to withdraw

AlmightyOnes

AlmightyOnes

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Edixfan said:
If CF does what they say, which is to invest in low risk short term government bonds and fixed income instruments, then they sure won’t toh.

they may toh, if everyone ask to withdraw the funds at the same time, cos they may have to sell their investments at a loss.

so it’s a self-fulfilling scenario. And the 2 influencers triggered it. It does not matter what their video says. Once they say they are withdrawing everything, everyone just follow.
These 2 guys jialat liao if u ask me. MAS going to ask them for kopi
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For sure, they need someone to answer for it.
To make it worst, they 'promoted' it before n got paid, took $ le, now suddenly 360 degree turn n chut such stunt n backstab CF... really geng.
 
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artncraft

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This is the ChatGPT summary of the first video. In essence, the first influencer was unhappy with the FI and he was moving to greener pasture. So some viewers just withdrew also. Interesting...


Summary of the Video on Withdrawing from TRU Finance​


The speaker explains why they are withdrawing from TRU Finance, listing three main reasons:

  1. Lower Interest Rates – TRU Finance's current rates (3.3% for the first $20K, 3% for the next $30K) are no longer competitive. Other bank accounts (e.g., UOB One at 4%, OCBC 360 at 4.65%) and alternatives like Singapore Savings Bonds (SSB) offer better rates with lower risk.
  2. Trust Issues with TRU Finance – The speaker has had difficulties trusting the company due to their interactions and communication. While they initially held back from speaking out, recent events pushed them to share their concerns.
  3. AXS Payment Issue – TRU Finance’s card stopped working for AXS payments on March 4, 2025. Initially, TRU Finance implied that AXS blocked the card, but later it was revealed that TRU Finance itself requested the block. This lack of transparency reinforced the speaker’s doubts about the company’s integrity.

Next Steps for Withdrawals​

  • The speaker will withdraw funds but not close their TRU Finance account.
  • They suggest withdrawing in amounts of $20K per day to benefit from instant withdrawals.
  • They will keep a small amount for using the TRU Finance card, which remains useful despite the AXS restriction.

Conclusion​

  • The speaker is disappointed rather than angry, as they once believed in TRU Finance.
  • They acknowledge that this video may impact their ability to get referrals or sponsorships from TRU Finance.
  • They recommend alternative savings options and invite viewers to join their Telegram group for updates.
 
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Emperor_Hippo

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Carnesir said:
Lucky this Seth guy left his previous job as financial advisor otherwise his boss got to step up to cover his rubbish finfluencing rubbish Liao.

Haven is the advisory firm
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wtf. i tot his creds is what some Senior Vice President at a leading investment house like JPM or at least a local bank.

什么都不是。滚！
 
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Emperor_Hippo

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yellowduck said:
ok lai, give some prediction for 6mth later... :LOL:
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trump pull back all his tariffs. Canada and Mexico willing to pour more investments into USA. Fed cut rate until 0.25%.

China stop trade war and buy more US Bonds. Japanese yen strengthen against SGD and rise back to 70JPY to 1SGD after BOJ increase rate to 5%.

come. all in JPY. mai tu liao.
 
Yuripa

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Emperor_Hippo said:
is "influencer" even a proper full time job?

just some guy making funny nonsense video on youtube.
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If they need to declare both tangible money and intangible items of value they earn from working as an influencer and if they end up need to pay income tax for the final amount they earned then yeah, it's definitely a full time job.

This era people can earn their keep anywhere and everywhere as long as they are willing to do so.

As for the price tag? Well, it really depends on how they can justify it.

Willing buyer willing seller.

Our parents and grandparents generation is all about company loyalty etc but I believe due to modern capitalism, it doesnt hold or wield as much conviction for some of the employees any longer.

If you're lucky, you can find the perfect job that is comfortable enough for you to last until you retire. Otherwise, job hopping will be trending for years to come.
 
carey

carey

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1.koln said:
Financial influencers should be regulated like financial professional

The consequences of lax rules in finance is far too damaging

Even the US president is outright scamming his own voters
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Yes, I believe that such legislation is in the works to regulate them like financial advisors/representatives
 
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ctan84

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Carnesir said:
Lucky this Seth guy left his previous job as financial advisor otherwise his boss got to step up to cover his rubbish finfluencing rubbish Liao.

Haven is the advisory firm
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I hope MAS strip off this bugger's financial license siah...
 
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