26 Nov '12, 7am

Private Banking Services? Worth it? - Page 3

Quote: Originally Posted by gwlip Thanks Kaiser, that is great advice! I was looking at various private banking options, like DBS and UOB asking for 5M minimum yet OCBC's arm is requiring 1M USD. Do you have any recommendations? (erm with Chio Bu banker lagi better la ) Even the hedge funds are losing money in this volatile mkt. What make you think your private banker can help U to make a decent return. Majorities of the clients are losing money from improper advise. The private banker has a sale tgt to hit. From 30m to 100m. They will pump alot of investment ideas to U so that U will invest. Only used private banking to leverage buying GOOD bond with high LTV. Next 2 years should be safe. If U have a fairly investment knowledge. Use Saxo for FX & E-trade to ELN. Almost same product better return (10-15%).

Full article: http://forums.condosingapore.com/showthread.php?p=336951#...

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