The Business Times
business-time-50
WEALTH & INVESTING

Learning from the world’s greatest investors on avoiding investment scams

google-preferred-sourceAdd BT as a preferred source
    • Warren Buffett, chairman and chief executive officer of Berkshire Hathaway., during the company's annual meeting in Omaha, Nebraska, in 2022. Berkshire's annual return was 9.34 per cent from January 2002 to December 2021.
    • Over a 30-year investment period in the S&P 500 index fund, your annual returns might range from 7.8 per cent to 14.8 per cent, with average annual returns of around 11 per cent, based on 95 years of data from 1926 to 2020.
    • Gold did very well in two distinct periods – the annual return was close to 29 per cent in the 1970s and 14 per cent in the 2000s.
    • Warren Buffett, chairman and chief executive officer of Berkshire Hathaway., during the company's annual meeting in Omaha, Nebraska, in 2022. Berkshire's annual return was 9.34 per cent from January 2002 to December 2021. PHOTO: BLOOMBERG
    • Over a 30-year investment period in the S&P 500 index fund, your annual returns might range from 7.8 per cent to 14.8 per cent, with average annual returns of around 11 per cent, based on 95 years of data from 1926 to 2020. PHOTO: AFP
    • Gold did very well in two distinct periods – the annual return was close to 29 per cent in the 1970s and 14 per cent in the 2000s. PHOTO: BLOOMBERG

    Ching Poy Seng

    Published Sat, Jun 15, 2024 · 05:00 AM

    IT IS sad to hear about more and more people falling into investment scams. The misfortunes have led to billions of dollars being lost, and hundreds of families ruined.

    This is typically what happens: Potential investors come across an “outstanding” investment firm or fund on social media or are introduced to it by friends or relatives. After being convinced by strong persuasion or a glib pitch, the investors decide to part with their money, drawn by the prospects of high returns without due attention to the risks. Later, the investors see their money vanish.

    Is there anything we can learn from the world’s greatest investors on avoiding investment scams?

    Wealth & InvestingScams

    TRENDING NOW

    Tribunal Magistrate Jared Kang described dismissal law as “a little more layered, difficult and unclear than it perhaps needed to be”.

    Firm loses wrongful dismissal case despite following termination clause

    The Vietnamese economy has long relied heavily on bank lending, straining commercial banks as they shoulder the bulk of the financing needed by companies and large infrastructure projects.

    Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks

    UOB’s asset quality was a recurring theme across all broker notes.

    Citi, OCBC downgrade UOB post-Q2 results; RHB upgrades on valuation

    Soilbuild and its executive chairman Lim Chap Huat are reportedly seeking unspecified damages over Brookfield’s alleged breach of their agreement.

    Soilbuild’s Lim Chap Huat sues Brookfield, claims it reneged on joint venture: WSJ

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More