Forex trading courses

I have received a report that some people have paid several thousand dollars to attend a forex trading course on the expectation that they can learn some trading techniques to make money. Most of these people earn up losing money on the trading activities. And they are too shy to admit that they have made a big mistake in entering into this line.

If you have been misled into paying money for the course, and you have proof of the mis-representation, e.g. the trainer has told a lie about the profit made by other traders using his technique or about his past trading experience, you can recover your fees through the small claims court. See this past case.

Test your vocabulary

Test your vocabulary by rearranging the letters to form the correct words that fit the definitions.

Word Power 2-1
Word Power 2-2

I will be launching a new book that has the scrambled words at various levels, suitable for primary and secondary students.

Please give your views on whether this type of exercise can help the student to learn more words and if it is interesting and fun to attract their attention. I have organised the book to have 80 puzzles of 20 words each, in order of difficulty. It allows the student to record the time taken to solve each puzzle and also the number of words that are obtained correctly.

Request for assistance

If you need my assistance, you have to submit a report based on the following:

Mis-selling of financial product
Insurance claim

Warren Buffett and US economy

Warren Buffet said that all the businesses under the Berkshire Hathaway group are booming, except for those connected with the housing market. This means that the US economy is expected to rebound and do well. It is worth watching. Read this report.

Invest in foreign currency

If you find that interest rate is too low in Singapore and you wish to earn a higher interest rate by investing in foreign currency, e.g. Australian dollar, you should be aware of the following:

• You have to bear the risk of currency fluctuation
• You have to incur the cost of converting your Singapore dollars to the foreign currency and to convert back to Singapore dollars on maturity

After you take these factors into account, it is better to avoid investing in foreign currencies. But if you still wish to consider it, you should read this FAQ.

My preference is to invest in blue chip shares, REITS or the STI ETF. You can find shares that give an attractive dividend yield of 3% or higher and enjoy the benefit of capital appreciation. Although these shares may be risky in the short term, the risk is reduced considerably for a long term investor. These concepts are explained in the FISCA workshop on financial planning. Register here. 

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Bravo to the New York Attorney General

The New York Attorney General is active in looking after the interest of ordinary people. If they find evidence that a bank has been defrauding its customers, it is ready to take legal action on behalf of the people. It recognizes that the AG office is really the lawyer for the people, and not just for the Government. Read this report.

I hope that our AG office in Singapore and the Minister for Law will recognize that it has a duty to the people of Singapore to uphold justice and to protect the interest of ordinary people when there is suspicion that the business enterprises are set up to defraud the people, e.g. collecting deposits with the likelihood of folding up or designing financial or investment contracts that are unfair to consumers. If they need financial expertise they can cooperate with the Monetary Authority of Singapore.

It is not reasonable to expect that the ordinary people can afford to engage lawyers to pursue civil actions against these business enterprises. Many cases need to be investigated, and ordinary people do not have the resources or the power to carry out the investigation.


  

Financial Planning Workshop

Register early for this workshop.  Do not wait until the last minute, as the workshop will be cancelled if there is insufficient response.

Due to the high cost of booking the venue, we have to cancel a talk if there is insufficient response within one week of the talk. Do not wait until the last minute to register, if you are interested for the talk to be conducted.

Note:
The talk on life insurance scheduled earlier had to be cancelled due to insufficient response. After the talk was cancelled, a few people wrote to me to ask about how to register for the talk. If they had registered earlier, we would have continued the talk.

Profit without tax

It seems that large companies lobby for a tax holiday but does not help to protect jobs. http://www.cnbc.com//id/44769782