Who are you trying to fool - you mean you work for the company and are trying to peddle it's services?!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.
Sounds like a complete crock of sh*t, and I'd strongly recommend people to stay away........i