CNA - MAS issues advisory letters to five content creators who provided financial advice

[sg-united]

Later drive more traffic

So what it is driving more traffic. MAS supposed to educate the public, especially retail investors.

MAS dare to create a Investor Alert list publicly shaming all these companies but not dare name these youtubers. All these youtubers white horses?

 

[Warocks]

So what it is driving more traffic. MAS supposed to educate the public, especially retail investors.

MAS dare to create a Investor Alert list publicly shaming all these companies but not dare name these youtubers. All these youtubers white horses?

Those youtubers got 1m and not by trading, is from luring people to the trading casino and earn the commission

i met a guy with 100m+ which is x100 times of those youtubers he legitly said those youtubers have no clue what they talking about, what product good, just promote it.

wonder why i post all those ? i got a friend got burnt 400k (lost all his life savings) on luna / anchor protocol after listening on youtubers, gotten depression and wanted to suicide. I posting here is to stop more victims like my friend

the 1m portfolio is full of blood, it cojld
means someone listened to your advice and lost all their life savings

 

[Itsthatguy]

I'm more surprised there are peepur who acherly follow their advice..

Because maybe the gurus have met with warren buffet over lunch buffet. Or worked in some enormous banks before lor.

 

[kitsura]

C is a girl?

Nope I already hinted is course seller for investing.

 

[Itsthatguy]

Want to earn easy money? Just buy this, LA. It's very easy, LA.

Disclaimer: I am a programmer by training.

You wrote a programme, see red sell, see green buy. huat huat.

 

[kitsura]

the real finanicial advice i got is not from those youtubers

they are top 400 richest people in sg, they are the real deal, they really know how to play this investing game, if not how to grow to 100m+

those youtubers got 0 clues on what the top richest people in sg is doing. they earn money from noobs and keep changing their youtube titles to how to earn 100k before 30, etc.

All those money is not rightfully earned

I know a few UHNW people. Not just know as in take picture before but actually sit down talk to them those kind. One is a lady who lives in Kranji and never worked a day in her life! She probably inherited most of the wealth from her dad so nothing you can learn from her. Another guy is based in UK and has several (dunno exact number) zone 1&2 London properties he made most of his wealth from working in finance so you can’t follow him as well.

End the day the story is that everyone needs to find their own way of working hard for many years to finally becoming very rich. There is no get rich quick scheme and investment is not it. As Warren Buffett used to say, “good things takes time, you can’t have a baby in one month by getting nine women pregnant.” Also most of the high return financial instruments that HNW people invest or speculate on are not available to retail investors either because the risk level is too high or unknown or the minimum buy-in is too high!

P.S I’ve encountered PL several times before in one location at Orchard Rd but I don’t dare approach him since I doubt he would enjoy being disturbed!

 

[kitsura]

totally clueless who these ppl are

Good! That means you won’t get influenced by their rubbish. These people I’ve met many times before at all those seminar or finance fest so I won’t out them here since they can recognize limpeh. But those who know will know. The same group of people show up all the time.

 

[TimsTom]

I remember the kelwin learns invest has friends and all of them did livestreams

 

[stanlawj]

wonder why i post all those ? i got a friend got burnt 400k (lost all his life savings) on luna / anchor protocol after listening on youtubers, gotten depression and wanted to suicide. I posting here is to stop more victims like my friend

Your friend lost money because of greed.

 

[mryongtan]

5 only? There's definitely more that needs to be caught

finance & related stuffs get one of the highest payout from youtube, hence these unlicensed "advisors" kept doing it.

 

[nonameless]

Is it those give advice liao then say with a disclaimer dyod I'm not financial adviser.

 

[phunware]

Is it the guy who look like Chee Hong Tat and always face palm in his thumbnails?


Keep jio ppl buy REITs

 

[phunware]

What's the point of this stupiak news when it doesn't reveal the names of those involved.

It's like warning people that heyyy tonight typhoons will hit 5 areas of the country, better be prepared so you won't be affected, but we won't tell you which 5 areas... you own self guess !!

Stupiak right

It’s for the new PAP MPs to file a question in Parliament so that they look like hero and beef up their resume

 

[Roastduck]

Just look at moelanyong's cpf thread... So many are still topping up their CPF...

Why is it bad to top up our CPF?
Especially after age 55, top up special ac for the high interest rate, No Good?

 

[Acetone]

Since those guys are guilty of providing financial advice without license, then should educate the public by releasing their names mah…

 

[networked]

Tons more on tikkok and their secret tg channel.

 

[Shion]

warn only ? shld ban them, fine them, jail them

 

[ahnyaahnya]

Its either insorlent agents or stock market gurus ...

Insurance agents? I think very easy to pass exam to become financial adviser . Cos someone I know managed to do that. She knows nuts one

 

[sseasea]

All this youtubers almost bring down chocolate finance
Jin satki men

 

[ahnyaahnya]

I think 1 or 2 years back got people question whether are they allowed to give their views or give advice on TikTok live or YouTube live without license

Then some people say u think here North Korea meh?

Now at least MAS already make it clear now

Cannot even give their views?
I see many selling courses, do they have the licence?
Imo, if only expressing own opinion about a stock or the market direction, should be ok what. And specify that one is not qualified financial advisor. Especially if they don't do it frequently.
But cannot sell any product/ course