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Singapore Dollar Fixed Deposit/Time Deposit

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BillyB
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Re: explore other options?

Postby BillyB » Wed, 17 Oct 2012 3:28 pm

honodie wrote:when i first returned to sg, i was disappointed with the low rates too. my aud is getting much higher returns in a fixed deposit there. however, the problem comes in when now i am earning sgd and converting it, would inevitably lose some money.

about two months ago, i came across a company who sources for sound reliable, international property investment programs. Only those that pass their strict assessment would be marketed to Singapore.

for example, there is a one year program that pays out 15% fixed returns, all in sgd, and assures capital as they are all backed by asssets. This fixed percentage is stated in its legal contract.

if you are interested to know how they can achieve that, here goes:
Developer buys distressed property, adds value to it by basic renovation, sells it a little lower than market rate to ensure quick sale. Partners with mortgage brokers to ensure sales. Then he performs this cycle as many times as possible in one year. (he doesnt just earn 15% in one cycle)

Our capital goes into an escrow fund, managed by two parties, a lawyer and a trustee, who only releases the funds when the developer gives the title deeds in exchange. this basket of title deeds will be in our names. assuring our capital.

All parties involved have been audited and cleared. And this program has even been UK SIPP Approved.

So there can be other options available. It just depends on if you are open to explore options and will you then, seize opportunities.

cheers.


Who are you trying to fool - you mean you work for the company and are trying to peddle it's services?!

Sounds like a complete crock of sh*t, and I'd strongly recommend people to stay away........i

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There u go.

Postby honodie » Wed, 17 Oct 2012 3:43 pm

Sadness, How u feel is ur opinion. But there is no need to be rude. I was under the impression that this was a place where we discuss things.

End of the day, I have my aud and sgd where I like it.
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sundaymorningstaple
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Postby sundaymorningstaple » Wed, 17 Oct 2012 3:49 pm

Frankly, I saw a veiled sales pitch as well. But, I let it go when you first posted it to see what developed. Looks like I wasn't the only one.....

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BillyB
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Re: There u go.

Postby BillyB » Wed, 17 Oct 2012 4:09 pm

honodie wrote:Sadness, How u feel is ur opinion. But there is no need to be rude. I was under the impression that this was a place where we discuss things.

End of the day, I have my aud and sgd where I like it.


If you stick around and become an active member of the forum - as opposed to a 10 post wonder - I'll retract my statement.

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Postby nakatago » Wed, 17 Oct 2012 4:18 pm

It's like being contacted by an acquaintance from long ago, asking to catch up but only when you finally meet and he orders the drinks, tells you about this great "business opportunity" that hopes to "expand its business" in "new markets" that based on its "performance" in its home country, earns a lot, especially if you recruit your friends to do the same after you have agreed to also sell their "products."

Yes, it feels like that to us when someone who has no track record suddenly speaks of this great but unknown opportunity.

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Postby Mi Amigo » Wed, 17 Oct 2012 5:43 pm

nakatago wrote:It's like being contacted by an acquaintance from long ago, asking to catch up but only when you finally meet and he orders the drinks, tells you about this great "business opportunity" that hopes to "expand its business" in "new markets" that based on its "performance" in its home country, earns a lot, especially if you recruit your friends to do the same after you have agreed to also sell their "products."

Yes, it feels like that to us when someone who has no track record suddenly speaks of this great but unknown opportunity.

But look what s/he is offering:

honodie wrote: ... a one year program that pays out 15% fixed returns, all in sgd, and assures capital as they are all backed by asssets.

What could possibly go wrong? :twisted:

Or does it really mean "backed by ass sets"?
Be careful what you wish for

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Thank u

Postby honodie » Wed, 17 Oct 2012 7:28 pm

Thank u, Billyb.
I understand why now u felt that way. Reason why I'm a newbie, was because I was exploring fixed deposit rates when I chanced upon this forum. Perhaps I shouldn't have taken some questions literally and attempted to share.
However, since my post seems to be offending some, I would delete it if I knew how. I am sure u will also understand why I am now not very encouraged to post anything more. [/i]
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Re: Thank u

Postby Strong Eagle » Wed, 17 Oct 2012 7:44 pm

honodie wrote:Thank u, Billyb.
I understand why now u felt that way. Reason why I'm a newbie, was because I was exploring fixed deposit rates when I chanced upon this forum. Perhaps I shouldn't have taken some questions literally and attempted to share.
However, since my post seems to be offending some, I would delete it if I knew how. I am sure u will also understand why I am now not very encouraged to post anything more. [/i]


You seem to be very naive about these kinds of investments. First, you seem completely unaware of currency fluctuations when dealing in foreign investments. Many have been wiped out playing games with multiple currencies.. whether direct currency swap contracts or the stuff that you are promoting.

But more importantly... you must know that a guaranteed 15 percent AND a guaranteed return on capital is absolute BULLSHIT. If this actually existed, we'd all be rich.

No, you are in the "distressed properties" game... it has been around for 50 years at least... some make it, most don't. Very quickly, if the game takes off anywhere, "distressed properties" become desirable and the price goes up.

Bottom line: Have you made any REAL money... cash in the bank? Or are you a shill for this very questionable investment?

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Thanks strong eagle

Postby honodie » Wed, 17 Oct 2012 7:51 pm

Thanks strong eagle for ur feedback. I do hope u're wrong cos I got some. However, I really don't want to post anymore.

I miss brissy.
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Postby JR8 » Wed, 17 Oct 2012 8:02 pm

Mi Amigo wrote:
honodie wrote: ... a one year program that pays out 15% fixed returns, all in sgd, and assures capital as they are all backed by asssets.


What could possibly go wrong? :twisted:


IT SOUNDS AMAZING. WHERE DO I SIGN UP!!!!!!!!

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sundaymorningstaple
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Postby sundaymorningstaple » Wed, 17 Oct 2012 8:20 pm

Doing a little.....

Image

....are we?

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Postby Mi Amigo » Wed, 17 Oct 2012 9:19 pm

JR8 wrote:IT SOUNDS AMAZING. WHERE DO I SIGN UP!!!!!!!!

My ass-set :P
Be careful what you wish for

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Re: Thanks strong eagle

Postby Mi Amigo » Wed, 17 Oct 2012 9:26 pm

honodie wrote:I miss brissy.

Who dat?
Be careful what you wish for

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JR8
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Re: Thanks strong eagle

Postby JR8 » Wed, 17 Oct 2012 9:29 pm

honodie wrote:Thanks strong eagle for ur feedback. I do hope u're wrong cos I got some. However, I really don't want to post anymore.

I miss brissy.


Since you're not in this to sell or promote anything here (for which you'd get deleted), why not just tell us who this 'amazing opportunity' is through, and then let us be the judge?

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sundaymorningstaple
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Postby sundaymorningstaple » Wed, 17 Oct 2012 9:29 pm

Brisbane?


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