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How many RM got retrench in DBS??  

 

iPunter Supreme

Posted: 04-Nov-2008 08:44       Contact iPunter          *  Quote this Post!

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I think you may have it all wrong about the selling thing...  Since I am rather concerned that many dabblers lose a lot of money in the stock market, I always like to see them being properly guided by sound principles. I have found "The Genie Tutorials" to be such good stuff that I live by its teachings as a living religion... Simply owning the  set of great tutorials is not enough. One will still lose a lot of money even if one buys it but does not live and breathe the teachings in the real world... Although I own a mountain of stock market books, I adore these tutorials most, simply because it is presented in a homely, friendly and matter-of-fact manner by the two loving Australian authors. It's a great gem of a complete education. There's no need to get any other instruction. Of course as usual,  I expect Cashier to shoot it down with his double-barrel gun... hehehe...     Your post sound like a sour grape to me. Still trying to make a living selling ebooks here? or should i say conning ppl to buy ebooks that give u the most commission?  a leopard never change its spots except from spot to spots!

 

stupidfool      ( Date: 04-Nov-2008 21:30) Posted: RM is and always be around. They just call themselves in a different title and soon ppl just forgot that it was once RM. Just gif themselves another high sounding name....like maybe wealth creation manager.....lol

 

RM is and always be around.

They just call themselves in a different title and soon ppl just forgot that it was once RM.

Just gif themselves another high sounding name....like maybe wealth creation manager.....lol

 

Anyone has news about the Job Market for RMs now?

 

One can have more wrongs than rights, but the big gains from the less numbered right actions can far outweigh the small gains of all the rights combined... 

This is a fundamental principle  of market play...  

 

what you mentioned and it's very true..  to me, your statement is very encouraging...

Now here to show off but to state the fact. When u are good in something, u can make back more than u lost. hence success is not abt lost or lossing but about how much more correct thing u do over the wrong things.

gave you a good tick for your post...  way to go...

cashiertan      ( Date: 03-Nov-2008 19:30) Posted: I lost 100k on minibond as i sold my stocks on last year to switch to bond. my fault for too trusting the RMs. I asked if this is bond. he said yes and i just signed. However while i submitted my complaints with letter to to send to both the Bank and the RM. oh Yes, that RM will not escape nor will the bank. I wont give up a fight for nothing.  Even as i lost 100k on this "bond" fund, I made back 5 times or more in just 2 months.  Now here to show off but to state the fact. When u are good in something, u can make back more than u lost. hence success is not abt lost or lossing but about how much more correct thing u do over the wrong things. Not forgotting that my few ventures are rolling and gathering steam. thou i am not sure if all or most of my veture will make money, however i am sure that even if all of them failed, i have no problem replenshing the capital again.

 

Ipunter shd document how cashiertan make his millions and start to sell the book.

This way ipunter can also make his million....lol.

 

iPunter      ( Date: 03-Nov-2008 20:53) Posted: The superb power of leverage in fx is a beautiful thing...

 

very beautifully true n also very horribly untrue. 

 

 

I lost 100k on minibond as i sold my stocks on last year to switch to bond. my fault for too trusting the RMs. I asked if this is bond. he said yes and i just signed. However while i submitted my complaints with letter to to send to both the Bank and the RM. oh Yes, that RM will not escape nor will the bank. I wont give up a fight for nothing.


 Even as i lost 100k on this "bond" fund, I made back 5 times or more in just 2 months. 

Now here to show off but to state the fact. When u are good in something, u can make back more than u lost. hence success is not abt lost or lossing but about how much more correct thing u do over the wrong things.

Not forgotting that my few ventures are rolling and gathering steam. thou i am not sure if all or most of my veture will make money, however i am sure that even if all of them failed, i have no problem replenshing the capital again.

 

From these whole minibond saga, these people are really the top brains. Look at it this way, who else can screw the global economy, escape the financial disaster with huge loads of cash and 'compensation' in their wallets, and yet absolve from all the mess by making other countries and other foreign investors as their scapegoat?? E.g. able to make DBS be accountable for the minibond investors cos they know investors will only hammer the ones who sold them the products (DBS) but not go so far as trace to the origin of the source (e.g CEO of Lehman Bro).

All i can say is that their strategy is real world class, make loads of money for themselves whether economy is boom or bust.

elfinchilde      ( Date: 31-Oct-2008 17:20) Posted: huh. not like the ppl with ivy league degrees are fairing any better. look at all the mess created in wall street by these so-called top brains. Wharton school of business, anyone? degree doesn't beat real life experience in the end, where the market is concerned.

 

I'm not a RM but back then i guess many people really did not expect Lehman bro to drown. I didn't expect this to happen 6 months back then too. Also, if the US govt had intervened and rescue Lehman, all the minibonds investors would have been saved. Just two words 'no rescue' from them and the whole world got to pay for all these losses and mess.

If banks and RMs were to be blame, then those fat jokers in wall street should bear hundred times more responsible.

 

Remember those days when POSB havnt been take over by DBS yet.

POSB encourge savings (only got SAYE saving scheme) started since i am boy. I believe the older generation will agree with me. Those days banks dun focus so much on profit i guess. More on how to grow the market.

Maybe vietnam and malaysia got no rich aunt and uncle, that why no lehman crisis. But i see ferarri and merc on the road in these countries also. MAS should blame them for not moving fast in credit deriviative, if not they got excuse to say this incident happen to the whole of asian countries also, we must be rational. HAHA

iPunter      ( Date: 02-Nov-2008 10:15) Posted: Since when were banks, etc not like supermarkets... eager to get more and more business for themselves?.. .

 

Since when were banks, etc not like supermarkets... eager to get more and more business for themselves?.. . 

 

Just hope banks will be bank, banks are like supermarket nowsdays full of relationship manager (no different from promoters of supermarket).

Now no demand for sales in banks, they can still work at NTUC fairprice, Carrefour or hypemarket. Sure need promoter.s You dun have to know what you are selling. got melatine also not your fault can blame the manufacturers as the imply risk is buying food must be safe for consumption . Hee Hee

 

 

To pikachu

I am not a RM.



To langhelper501

Good.

You got brain.


Investing is actually very simple.

"Be greedy when others are fearful"


But only a few smart people able to execute this, successfully.

 

I remember clearly a certain RM (but not his name) also tried very hard to convert me to taking his product some years ago...

But as I was sternly serious with him on my stand, he very quickly gave up his aggressive selling ...
Thus I saved myself from doom...

 

gamble urself more fun oso lol

 

Yah, I have encountered a couple of times by these RMs, trying to sell me these products which all these while I was not keen at all. I always ask them is it kind of unit trust where the fiund will be pooled together and invest in stocks, bonds, etc. If the $$ I invested goes into stocks, it is as good as gambling because there is no guarantee in the stock mkt all knows that! If wish to gamble, why pay and have someone gamble for you. Why not ganble yourself and you do not get to get hefty fee for these managers. Also if you gamble yourself, you may get to see dividends yearly...