tag:blogger.com,1999:blog-3276688108456391559.post6773693133458315550..comments2024-02-27T13:41:46.698+08:00Comments on SG Young Investment: The Opportunity To Invest In SMEs in SingaporeSGYIhttp://www.blogger.com/profile/09445517891969740960noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-3276688108456391559.post-6306149538674184942018-03-13T17:12:17.100+08:002018-03-13T17:12:17.100+08:00Appreciate this post. Will try it out.Appreciate this post. Will try it out.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-57321402354349979772016-03-29T16:42:59.412+08:002016-03-29T16:42:59.412+08:00Hi,
Thanks for this info. Appreciate a lot for yo...Hi,<br /><br />Thanks for this info. Appreciate a lot for your sharing :)SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-16152545939433501002016-03-29T12:14:36.750+08:002016-03-29T12:14:36.750+08:00Risk free:
Fixed deposits
SG Savings Bond Risk free:<br />Fixed deposits<br />SG Savings Bond Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-82416028585634178772016-03-29T09:41:46.674+08:002016-03-29T09:41:46.674+08:00Currently there are no products in the banking sys...Currently there are no products in the banking system that can provide a non-collateral term loan for $2,000,000 from a single source. <br /><br />There are business term loans which usually range from $100-500k and their interests would be about 9-11% p.a. <br /><br />Diversification is the key. No banks can afford to give a line of this quantum to a borrower. Crowdlending on the other hand has this diversification worked out in the form of small amounts ranging from $1,000 from a pool of investors.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-60444152236522283332016-03-09T18:02:49.502+08:002016-03-09T18:02:49.502+08:00Hi EH,
Yes there will always be risk in investing...Hi EH,<br /><br />Yes there will always be risk in investing. If we're not comfortable, we shouldn't invest in it. Risk management is always important.SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-15714527683073444562016-03-09T10:35:35.292+08:002016-03-09T10:35:35.292+08:00Looks like this is not without risks.
http://www...Looks like this is not without risks. <br /><br />http://www.businesstimes.com.sg/banking-finance/singapore-p2p-online-lending-sector-may-see-first-loan-defaultKChttps://www.blogger.com/profile/15681244843883578276noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-84457000913450025042016-03-07T08:50:48.412+08:002016-03-07T08:50:48.412+08:00Hi J,
Thanks for the reminder. It is indeed impor...Hi J,<br /><br />Thanks for the reminder. It is indeed important to know that investing in SMEs have its risk.<br /><br />I agree that if the management are fraudsters and they decide to conceal information, then there is nothing we can really do about it. Moolahsense platform have constant reminder to investors that there is always a risk in investing in SMEs. They don't want people to invest too much and end up losing a lot also. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-25071055780585750512016-03-06T21:27:39.328+08:002016-03-06T21:27:39.328+08:00Yep, I think it's important to temper such pos...Yep, I think it's important to temper such posts with a warning. I'm okay even if I lose all the money I put in these loans because I didn't invest a large amount, and was disciplined enough to restrict myself to the minimum investable amount for each loan, but I've seen some people invest 10-20k in ONE loan. I hope they are rich and that's money they can afford to lose.<br /><br />BTW, regarding the company I mentioned that folded, their loan was assessed to be quite safe (<0.5% risk of default), but that was because the management purposely concealed information. If management are fraudsters and disappear there really is very little that can be done. In this case we sought legal advice but the directors didn't have any assets in Singapore and no one knew where they were so they couldn't be sued in court either.Jnoreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-72827113758623261862016-03-05T08:46:50.532+08:002016-03-05T08:46:50.532+08:00Hi TFS,
Sure! Feel free to visit and explore thei...Hi TFS,<br /><br />Sure! Feel free to visit and explore their website. I think its a good opportunity if we spot a good one. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-29561140132140600442016-03-05T08:45:48.139+08:002016-03-05T08:45:48.139+08:00Hi J,
Yes permanent loss of capital is a very rea...Hi J,<br /><br />Yes permanent loss of capital is a very real threat investing in sme. When we invest, we must be prepared for losses. I have met up seperately with the people from moolahsense and i was told they actually do scrutinise the companies they allow on their platforms by talking to their management and also visiting their offices. For failure of repayments, they do engage external debt collection companies to recover the payments and also try to negotiate with the management at least to pay back the initial capital. Hope this clarifies. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-38846411468944998092016-03-04T14:38:50.862+08:002016-03-04T14:38:50.862+08:00Hi SG Young Investment,
That's a good post on...Hi SG Young Investment,<br /><br />That's a good post on MoolahSense. I had no idea we were able to invest in SMEs in Singapore. Will have a look at the website. Thanks!<br /><br />Cheers,<br />TFSAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-87130354788552278202016-03-04T13:32:04.884+08:002016-03-04T13:32:04.884+08:00Beware of bad debt. I have an account with one of ...Beware of bad debt. I have an account with one of these local crowdlending platforms (not MoolahSense, but similar) and invested $5000 in around 7 separate loans each (I rolled over some of the money I got back as interest and capital repayments). Of these, 2 have repaid their loans, 1 company has folded (we found out later that the director had taken large loans from other investors, which they didn't reveal, and now he is MIA in Hong Kong or China), 1 is still making repayments, and the rest are in arrears (most have missed their scheduled repayments by about a month).<br /><br />Permanent loss of capital is a very real threat here. Jnoreply@blogger.com