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arieswilson

  19 months ago

Hundreds got burnt by investing in Hyflux. Some of them are retirees who have used their life savings for the investment.
Are you one of them? What lessons can we draw from this incident?

1) When it comes to investments, never place all your eggs in 1 basket.

2) Don't use up all your savings for investments. Always set aside a comfortable amount as an emergency fund first, and then use the rest for investments.

3) Perform due diligence in research, before investing. This is what sets an informed investor apart from a mere speculator.

4) And if you really want to play it safe, invest small first, or a comfortable amount which you are prepared to lose, just like lending money. Take calculated risks, not unnecessary risks.
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singchee82

  19 months ago
No Reply
0 comments

shann1

  19 months ago
Hyflux used to be very good, it is consider a reliable stock.
Unfortunate things happened, so one need to be satisfied with one’s profit, sell it when they feel it ‘enough’.
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shelae

  19 months ago
not one of them Reply
0 comments

sivkanni

  19 months ago
No Reply
0 comments

azmani1234

  19 months ago
not sure Reply
0 comments

CandyDollBaby

  19 months ago
not stupid and naïve to be one. No such easy thing as investment else everyone doesn't need to slog hard and just enjoy life. Think lehman brothers' collapse and yet people still don't learn the lesson. Reply
0 comments

A3338356g

  19 months ago
Agree Reply
0 comments

A3338356g

  19 months ago
No Reply
0 comments

23Good

  19 months ago
Nope, didn't invest. Yes, I agree that it's very important to invest only amounts which would not "wipe you out" should something go wrong. So, I think I would only invest money left over after my expenses and savings. Guess I'm not much of a risk-taker and can't afford to be too much of one. ;) Reply
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gates8233

  19 months ago
2 Reply
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