Originally posted by t_a_s:
5 years ago there was a lady agent from DBS who asked me to invest in DBS swing fund, and she guaranteed me that if the investment of special acc lost money , after 5 years they will return the principal sum plus 4% interest for that 5 years, but in actual when i received the statement, i was astonished to find out that i only received the principal plus $238 so i lost $3762. All this ppl sweet talk u, and they did not tell the truth, do u agree
Agree to a certain extent.
Funds, like any other securities traded on the market, are subjected to market forces and risks. With the exception of govt bonds or F.Ds, one should not seriously expect a "guaranteed" rate of return when investing in equities of that nature.
That being said, the lady agent did not exactly tell you the full story but she can always refer you to the fine print on the contract/agreement which you signed on . Sadly, not much people bother to read the fine print and take the agent's word at face value..
And almost every sales-line personnel never tells you the full story, no matter the industry their in. Can you imagine how they can do business if they did? I.e. You wish to buy a white T-shirt but the sales person tells you the "full story"/"truth" and says the T-shirt's actual cost-value is $5 to the company but their selling it to you at $25 to make a profit, its dyed with bleaching agents that "might" irritate your skin etc etc.
Edited: Typos.