| Greatlink Choice (Aug 2013) - The House is on Fire!! |
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| Written by Wilfred Ling | ||||||
| Sunday, 05 October 2008 | ||||||
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This is a continuation blog entry from HERE. As on 1 Oct 2008, the Greatlink Choice (Aug 2013) is worth $0.244! In the month of September 2008, it was worth $0.469. Really must thank God that my father did not invest in this monster. In the meantime, I pity those who had invested in this and was misled by their agent into thinking it was safe. It is far from safe. In fact, seems that it is worst than investing in China or India fund. Those who think that they can get back their capital on maturity is just dreaming. Why? From Oct 2008 to Aug 2013 is 5 years of period. To break even the annualized return required is power (1/0.244,1/5)-1= 32.5% per annum over that 5 year period!! The house is on fire!! Run for your life!
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