Sharing: experience with RMs

[wahkao3]

Can share an example of a low risk and high return provide which the bank distribute? I'm curious if such products really exist.

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i also looking
if u find pls tell me.

so far no such thing. thats why banks and financial advisers have absolutely no value add

 

[cscs3]

Can share an example of a low risk and high return provide which the bank distribute? I'm curious if such products really exist.

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Use CPF to run for you.

 

[edmund77]

Use CPF to run for you.

Cpf return is v low leh. Any index such as S&P can easily achieve much higher returns without taking excessive risks

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[edmund77]

i also looking
if u find pls tell me.

so far no such thing. thats why banks and financial advisers have absolutely no value add

No such things but yet previously u said have. If don't have, how u expect the bank to provide ... But most RMs are sales driven which is why I prefer to speak to my service RMs. Most banks should have SRMs now.

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[arctician]

thanks, was told customised products need much higher investment amounts so its out of my league as i just want to dabble a little

i just wanted eln for single stocks like apple, google etc back then because i was prepared to buy and hold those stocks if the strike price was reached...if not i just collect the premium as interest payment.

of course if super bullish on the stock, it's definitely better to just buy the stock directly.

most of the time, the elns recommended include a basket of 3 stocks A, B, C. problem with those is that i may only like stock A but may be forced to pick up stock b or c

personally do not prefer ELN, because you never get to fully participate in the upside as one gets exposed to the downside, so the risk and reward is unfavourable to me

 

[cscs3]

Cpf return is v low leh. Any index such as S&P can easily achieve much higher returns without taking excessive risks

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May be you expect more. To me, even 2.5% in OA is very good as is theoretically zero risk.

 

[cybercom8]

personally do not prefer ELN, because you never get to fully participate in the upside as one gets exposed to the downside, so the risk and reward is unfavourable to me

its true, i only treat ELNs as spare savings account in search of better yields and pray no need to pick up the share(s)

but if suay suay must pick up, can only console myself that i was going to buy and keep that share any way

 

[wondrdoggie]

My rm experiences are for private banks. The rms for treasures, privilege levels don't really interact with me much beyond occasional emails.

Quality of rms from local banks cannot compare with foreign banks (American and Swiss) in terms of knowledge and demeanor. I get better and fast advice and action from the foreign bank rms so much so that I have stopped banking with local banks.

I think what makes a good rm is when they understand that when you gain, they gain. If I feel that they are not keen to protect me or help me, and is only keen on churning volumes, I will drop them. My best rms will fight to get me the best rates, take time to research for my portfolio, make sure I understand what I am buying and be available for consultations.

But I think it's equally important that the relationship is a 2 way street. People are naturally more helpful and nicer to people who treat them with respect. I do not order my rms around, nor do I expect them to treat me like some entitled brat. I always ask if a meal is paid for by the bank, if not, I will pay my share. They do appreciate that and many times, they will drop their PC-ness and tell me in plain language what they really think, even if it's not house view.

 

[wondrdoggie]

I do buy quite a few elns and fcns but at 100k bitesize, you can easily buy options yourself on ameritrade at smaller amounts.

I only buy elns of single stock and it must be of a stock I want to hold. Plus I will only do yields of at least 12%. So far, I have collected Apple twice and baba once. Held on to them for a while, both making nice profit, especially Apple giving over 100%.

 

[neanea]

wondrdoggie , what investment your RM recommend you to buy now?