SG Daily Update - DBS sagat….

[chech01]

Yes i am busy reporting any edmwers

the translation genes are quite strong. Vaccines could not eradicate or change it

 

[Iop]

To lose 700 k in a product, did he invest 1 Million into it?

Should have place 200 K each for lesser risk.

Structured note is a high risk product with certain risk and rewards.

 

[mel1888]

Anyway i look at this, its just a investment gone wrong. If it performed, he will sing praises & give thanks to RM. But it went south.
So if there is evidence that RM did highlight associated risks, theres not much case to fight. Hes fighting tooth & nail its bec ultimately, its gonna be his money but now poof up in smoke.

 

[harbinger255]

whether it is 1% or 10%, the risks need to be explained. This is what MAS is now putting in place. And by the way, this is not some shady service provider but the number 1 bank in Singapore.

Your mother would have sold her soul to them if they asked. Unless the prodigal smartass son has a better place to invest in. A place where they offer less than FD and also have the same risks. This way you can feel secure knowing that you did not fall for the high returns trick.

LMAO

Whether it has been explained sufficiently is for the courts to decide and whatever evidence they can bring up... looking at which the trouble this fella is causing - I am inclined to believe is little....

Oh please... My mother has better sense than you and is a lot more risk adverse than me.... I had to explain so long to her about Tbillls back when it was so much more attractive. Greed is greed.... you don't wanna ask the correct questions or ignored downplayed disclaimers but still warnings nonetheless, it's on you.

Banks offering less than FD but more risk adverse but you still willing to buy into it?? Are you stupid??

 

[boredom2012]

This one got whole series in tik tok.

https://vt.tiktok.com/ZSPnboDhN/

Is about overcharged

 

[harbinger255]

Fixed Coupon Notes (FCNs) from DBS can lead to a total loss. These equity-based structured products provide regular coupons but expose investors to the risk of receiving the worst-performing stock in a basket, which can drop to zero value on maturity if it falls below the strike price.

Key FeaturesFCNs involve a basket of equities with defined strike, knock-in, and knock-out levels. Investors receive coupons regardless of market direction, but at maturity, repayment depends on the least performing equity (LPE): full principal plus coupons if above strike, or physical delivery of the LPE shares (potentially worthless) if below.

This is one of the product from dbs

You can get FCN in most banks no.... ? As with any equity based product, make sure you are comfortable with the fundamentals of the companies in the basket... bad case scenario you end up with stocks of a company you have been eyeing while worst case is zero like you said... but you buy stocks you face the same risks

I just have no idea why I wanna pay banks to do this when I can save all the middleman fees

 

[Roundtreex]

To lose 700 k in a product, did he invest 1 Million into it?

Should have place 200 K each for lesser risk.

Structured note is a high risk product with certain risk and rewards.

1 more day of sleeping pill for edmwers.
Bank has accredited investors to sign declaration form so no way this case can win.
Court will definitely not looking at the accredited investors who is supposed to be educated.

 

[Devilsire]

https://www.facebook.com/share/v/17qEDmxZVk/

This was the 2nd part of the video

many edmwers are, as always, jumping to conclusions without reading/listening
its already mentioned that it's his parents' funds involved (very likely he only knew abt it later)

after listening to the 2nd video, although many facts/info are not mentioned, i agar guess what its abt
Assumptions:
his elderly parent(s) pushed to a fund/investment product by RM which locked their 700k savings for xx years?
unlikely there any major investment loss, but probably failed to generate any "promised" returns and fund being locked up
after complaining via various dept, there's no other resolution (fund still locked) other than an $2.5k settlement sum offer. (700k if @ 2% interest = 14k)
unwilling to go legal route due to cost (vs a bank in sg ), he's trying to kick a public fuss and via socials, to bring the heat onto DBS in resolving it?

 

[Roundtreex]

many edmwers are, as always, jumping to conclusions without reading/listening
its already mentioned that it's his parents' funds involved (very likely he only knew abt it later)

after listening to the 2nd video, although many facts/info are not mentioned, i agar guess what its abt
Assumptions:
his elderly parent(s) pushed to a fund/investment product by RM which locked their 700k savings for xx years?
unlikely there any major investment loss, but probably failed to generate any "promised" returns and fund being locked up
after complaining via various dept, there's no other resolution (fund still locked) other than an $2.5k settlement sum offer. (700k if @ 2% interest = 14k)
unwilling to go legal route due to cost (vs a bank in sg ), he's trying to kick a public fuss and via socials, to bring the heat onto DBS in resolving it?

I am not going to involve in stirring the biggest Singapore bank

 

[chech01]

Whether it has been explained sufficiently is for the courts to decide and whatever evidence they can bring up... looking at which the trouble this fella is causing - I am inclined to believe is little....

Oh please... My mother has better sense than you and is a lot more risk adverse than me.... I had to explain so long to her about Tbillls back when it was so much more attractive. Greed is greed.... you don't wanna ask the correct questions or ignored downplayed disclaimers but still warnings nonetheless, it's on you.

Banks offering less than FD but more risk adverse but you still willing to buy into it?? Are you stupid??

For a person who claimed to have only average intelligence (you admitted it yourself) you seem to have a lot of knowledge on financial investments.

Hope you are not one of those on youtube advertising how you have made millions and now wish to share your knowledge with the world. But lucky. MAS put a stop to these illegal financial advice.

TBills is also not without risk. FD is also not without risk. Bank deposits including FD are covered up to 75K. So, if you think these are risks free then you are giving the same kind of advise to your mother as these "bankers". Lucky your mother prefer to put them into a milo tin rather than listen to his average intelligence son (mother knows best).

I am not stupid and neither is your mother. I know how to listen to myself. Your mother after years of bringing up her son also know not to listen to her dim wit son trying to act smart. Quite hard to accept when your own mother has so little trust in her son. Hurts. Right?

 

[Cookie Muncher]

the job of rm is to have a relationship only listen to them for investments is lol

 

[chech01]

many edmwers are, as always, jumping to conclusions without reading/listening
its already mentioned that it's his parents' funds involved (very likely he only knew abt it later)

after listening to the 2nd video, although many facts/info are not mentioned, i agar guess what its abt
Assumptions:
his elderly parent(s) pushed to a fund/investment product by RM which locked their 700k savings for xx years?
unlikely there any major investment loss, but probably failed to generate any "promised" returns and fund being locked up
after complaining via various dept, there's no other resolution (fund still locked) other than an $2.5k settlement sum offer. (700k if @ 2% interest = 14k)
unwilling to go legal route due to cost (vs a bank in sg ), he's trying to kick a public fuss and via socials, to bring the heat onto DBS in resolving it?

Now that I agree is a fair and better assessment of the situation. Rather than some who immediately jump in to slam the poor son who is trying to do good for his aged parents. I think that is a filial son.

But many here would throw their parents under the bus on this as they did not go to them for advice. Parents know best. They raise their children and they can see who is good and who is not. Although they lover each and every one of them but they have to be honest with their children's ability.

Hence many would not look for financial advice from their mediocre children instead they count on eminent banks like DBS to give them good advice. I mean if you cannot trust DBS then it means you do not trust PAP.

 

[HoGnix]

Fixed Coupon Notes (FCNs) from DBS can lead to a total loss. These equity-based structured products provide regular coupons but expose investors to the risk of receiving the worst-performing stock in a basket, which can drop to zero value on maturity if it falls below the strike price.

Key FeaturesFCNs involve a basket of equities with defined strike, knock-in, and knock-out levels. Investors receive coupons regardless of market direction, but at maturity, repayment depends on the least performing equity (LPE): full principal plus coupons if above strike, or physical delivery of the LPE shares (potentially worthless) if below.

This is one of the product from dbs

This FCNs risk product even can buy from mobile banking. how DBS assess clients risk?

 

[harbinger255]

For a person who claimed to have only average intelligence (you admitted it yourself) you seem to have a lot of knowledge on financial investments.

Hope you are not one of those on youtube advertising how you have made millions and now wish to share your knowledge with the world. But lucky. MAS put a stop to these illegal financial advice.

TBills is also not without risk. FD is also not without risk. Bank deposits including FD are covered up to 75K. So, if you think these are risks free then you are giving the same kind of advise to your mother as these "bankers". Lucky your mother prefer to put them into a milo tin rather than listen to his average intelligence son (mother knows best).

I am not stupid and neither is your mother. I know how to listen to myself. Your mother after years of bringing up her son also know not to listen to her dim wit son trying to act smart. Quite hard to accept when your own mother has so little trust in her son. Hurts. Right?

I do my own DD, question enough, paid my school fees for failing and try to avoid making the same mistakes... That is pretty much what every reasonable investor should do in the first place... the rest of the equation is just time... so yeah, I am pretty average in terms of intellect.

Yeah I knew someone is going to bring up the SDIC sooner or later.... Then how? I put my millions in milo tin?? Face the risk of cockroaches destroying your notes too wor.... Eat cai png also got risk of choking and die... how how how?

Dumb retort..... If bank run or Tbills default, that one you have bigger worries to think about besides your immediate loss in investments/deposits.... but I hedge in foreign currencies as well so don't you worry about me.

The only one really hurting me now is you lor.... stomach really pain from laughing so much

 

[samferguson]

The police officers also sian half liao ...

 

[Ironside]

sagat? share price touch $56 today.

 

[the_dog]

I see the type of products my RMs try to sell me, I also wonder who dares to trust them to buy.

Can talk until got dragon got phoenix, and seems their final selling point is "I got a lot of other customers also buy this product, so its very popular with {insert demographic} "

 

[harbinger255]

Now that I agree is a fair and better assessment of the situation. Rather than some who immediately jump in to slam the poor son who is trying to do good for his aged parents. I think that is a filial son.

But many here would throw their parents under the bus on this as they did not go to them for advice. Parents know best. They raise their children and they can see who is good and who is not. Although they lover each and every one of them but they have to be honest with their children's ability.

Hence many would not look for financial advice from their mediocre children instead they count on eminent banks like DBS to give them good advice. I mean if you cannot trust DBS then it means you do not trust PAP.

Oh..... And I thought all the while you are maintaining that it is likely that the RM that is scamming the poor parents in the video... now you trying to make it an institutional issue?

 

[Elfblade]

Most like sore loser spotted ?

700k nia, these bankers are planning their holidays to euro for countdown and this joker went down to one branch on a Saturday?

Watch too much western movie some more video here and there without doing proper due diligence first.

And the editing is really poor. Too much repeat and trying to slander the police and bank come on rah you get the best legal advisor they also smack their head first before entertaining you

700k is a lot of money. Wow, seems like you are an asiah kia drive Porsche one izit? 700k is nothing?

I can understand the anger there. When you are angry, you lose all your thinking and patience.

He can request for the older or more senior staff there to talk to. Most of them are too young (in my opinion as a 50+ uncle) and have not many years or experience in handle complex customer complaints.

$700K is a lot to me too! Even if I do Draw down method and not put the money into investments, FD to earn interest, I can withdraw about $3K per month for 20 years b4 I deplete the capital sum of $700K!

Somemore it is the parent's money, should be their 退休金。

I can understand the frustration of this Unker making the Beedio.

 

[purplewave]

what's going on?