The first two offsprings of Adam and Eve were Cain and Abel. Out of envy, Cain killed his brother.
When questioned by God as to the whereabouts of Abel, the defensive Cain protested to God with this blurt of defiance "am I my brother's keeper?"
Regulations have always been with us in the financial industry. In the "boom boom years" of deregulation in the West, it was often implemented with a light touch.
With 9/11, the subprime debacle, and the hunger for tax revenue, regulations today are very much more stringent and too some extent onerous.
Does it mean then that you the investor can rest easy?
Afraid not and coincidentally, just this morning, as I was browsing a Japanese news website, I chanced upon a financial education website set up by our Central Bank. And we share the same banner title for our sites. No intended plagiarism intended on my part, but that is how God works. He affirms things done in His will.
And rightly so, for investors must be willing to be educated to save themselves from future griefs.
Do check out the website www.moneysense.gov.sg.
In the main, most investors will need the guidance and expertise of the investment professionals.
But it is very necessary that investors should take time to pick and get to know their key advisers well.
That in itself is an investment and an important one as well.
And much as many might prefer to be hands off on their investments, it is again basic wisdom to exercise controls on the key parameters, for none can predict the markets and even with good intentions, your adviser can err.
A little knowledge on your part in this case do help.
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