I had fun over the weekend being part of the E.y.E Investment Bootcamp as a faci. I'm really glad that this year's turnup was very good and that the participants enjoyed the games designed and excecuted flawlessly by the awesome team that runs the camp!
It is great to see a bunch of committed people having fun while working effectively with each other. And at the end of the day, celebrating each other's success.
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We had a great speaker on the second day of the camp who talked about asset allocation strategy. She's awesome! I share her anger at financial products that is introduced irresponsibly to the lay person. She talked about different forms of Structured Products that is being introduced in banks which is being touted as a Fixed Deposit alternative. However, it is NOT!
Some examples of structured products
I'll try to understand what the speaker has said and will try to blog about the potential risks and return soon.
Meanwhile, read this great introduction to investing written by Xin Hong for the first time investor( and yah, not forgetting to shamelessly plug E.y.E club here. It written for our members.) Its an awesome guide and reads like a storybook.
"By periodically investing in an index fund, for example, the know-nothing investor can actually out-perform most investment professionals. Paradoxically, when "dumb" money acknowledges its limitations, it ceases to be dumb."
Warren E Buffett ~ 1993 Chairman's letter
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