| Are you a high networth? |
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| Written by Wilfred Ling | ||||||
| Monday, 01 September 2008 | ||||||
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I do not admire "high networth" individuals. They are constantly exposed to "exotics" which they can never know. Is what you are investing really risk free? I am afraid you can never ever know. The Auction Rate Security (ARS) is marketted as something safe as cash to institutions and high networth individuals. But it turned out to be quite a different animal. Educate yourself on ARS: HERE before getting burnt (again). For investment, stick with simple products like ETFs that track the market indices. For cash, get an account that is 90% insured.
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