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

[The_Davis]

Wait till chocolate finance stop withdrawal hits the boomers through zaobao or what nots all hell is gonna break loose

没有办法的
我们这一辈， 最好早点去死

 

[articland05]

I believe seth video somewhat triggered the bank run

whatever the outcome I'm very sure Seth will not escape unscathed. if CF nv go after him every other Tom Dick or Harry suddenly post such beedios then how?

come out play one day must return de...
Seth better get prepared

 

[Mecisteus]

This is not ftx lah. Unless got fraud then call police liao. Meanwhile still waiting for ftx to refund $$$

wah heng I collected my FTX claims liao.

2x accounts some more.

 

[CantStopWhining]

The qn is not addressed to you but to chocfin, unless you are also one of them.

Friend. You quote my message. How I know it's not addressed to me?

 

[The_Davis]

I wouldn't put my hard earned monies in an institution names kokolate. I might try Coconut Bank though.

The financial coconut and chief financial coconut ah?

 

[articland05]

from economic point of view their current biggest issue is with bank run… i personally doubt they kept more than 10% in liquid cash… in reality our local bank dont have so much liquidity as well… if 10-20% of people decide to run will also trigger liquidity issue… the only difference is bank is sdic insured…

that why reputation in financial sector super important… as long one missteps trust all gone

CEO nv come out post your "funds are #safu"

 

[Mecisteus]

whatever the outcome I'm very sure Seth will not escape unscathed. if CF nv go after him every other Tom Dick or Harry suddenly post such beedios then how?

come out play one day must return de...
Seth better get prepared

Most likely will tio something.

That's why there is a new regulation on such videos.

 

[fire]

but its safe write cuz they hold underlying assets?

Their assets more than the deposits they had taken?

 

[wulu1_69]

Yes....shopee cannot...it says not enough fund

Same for Youtrip also, sian

 

[standarture]

There is no bank run cos they wont guarantee your exact principal back. Thats why kumgong kias keep kenna scammed by annual returns %.

 

[Evil_Boss]

whatever the outcome I'm very sure Seth will not escape unscathed. if CF nv go after him every other Tom Dick or Harry suddenly post such beedios then how?

come out play one day must return de...
Seth better get prepared

the video barely got 39k views. assuming 40k people all withdraw they cannot take it already?

 

[Smtsai]

whatever the outcome I'm very sure Seth will not escape unscathed. if CF nv go after him every other Tom Dick or Harry suddenly post such beedios then how?

come out play one day must return de...
Seth better get prepared

Provided all going well and everyone get back their deposits. If the other way round then hosey…

 

[fire]

Lucky I never put my money in cf. I always felt something is shady. I invested in maribank invest instead.

I feel maribank is much safer than cf.

Instant withdrawal. 3.3% daily returns. Insured. Much better than cf.

Maribank invest no difference from cf.. your investment not protected by sdic.

 

[The_Davis]

Next month moi moving to GXS liao Bro The_Davis...

When GXS cutting?

 

[Warocks]

your money should be at these places

1. dbs / uob / ocbc (salary deposit here)
2. gxs / maribank / trustbank (emergency funds here)
3. investment funds (cspx, vwra, unit trust like allianz, pimco) from reputable exchanges like philipcapital (operated since 1970), moomoo etc

the rest like non sdic protected, i put money i can afford to lose

1. crypto
2. anything else

 

[leonaheidern]

run fast, last time i put money in sth like that, the website say nice nice say very safe and no margin etc, in the end they take my money go open leverage etc and lost everything it is my hard earned money..
nowadays i only park my money in places like gxs, maribank, trustbank because they are sdic protected
and my investment on philipcapital funds that operated since 1970, and also i will consider moomoo, tiger, ibkr.
no more shady things for me

yep somehow as old as Warren Buffett Ah Gong is ,his advice is still sound. only play with what you can afford to loose. and don't let greed blind you

technically SSB isn't sdic protected haha. but you park there because it's Singapore Government backed and sdic will fail also if Singapore Government fails right?




Read HWZ Forum Rules!

 

[Smtsai]

Maribank invest no difference from cf.. your investment not protected by sdic.

At least MariBank is insured .. cf is not ..

 

[The_Davis]

Singapore Pools is like Black Hole leh.

u wanna fly out, only got 0.00000000000000001% chance and u need to have a 0.0000000000000000000001 Class hyperdrive in your modified hyperdrive system.

Like interstellar? Then fly out Liao, still back to starting point?

 

[Hyruga]

Be careful. Later you get sued for not saying that you received the money already. Spread fear.

 

[fire]

whatever the outcome I'm very sure Seth will not escape unscathed. if CF nv go after him every other Tom Dick or Harry suddenly post such beedios then how?

come out play one day must return de...
Seth better get prepared

I'm very sure he will be unscathed