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Martin
Yes, regulation is underway. The thing about regulation is that too strict, you risk killing genuine innovation; too lax, and you get inadequate protection. Also, with regulations, you will need to evolve fast enough to be effective.
Why not leverage on the collective wisdom of the crowd?
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22-08-2014, 12:31 PM
(This post was last modified: 22-08-2014, 12:31 PM by opmi.)
Said many times, SG runs on 'complaint' based enforcement regime. No complaints no action.
No proactive enforcement unless trying to raise awareness.
If YOU care strongly about agartree investment, YOU just feedback/complain to MAS directly.
Most people dont do anything because they waiting for others to do it.
Just to paraphase the famous quote, "Scams prevail when knowledgeable people do nothing"
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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(22-08-2014, 05:53 PM)muns Wrote: From what I understand, there are some companies that offer investment packages to buy x trees for $x. They do have "booths" or "open houses".
They were also recently at Invest Fair SG in Aug.
Personally not sure about the risk-reward though.
But regarding the MAS situation, I think its unrealistic to expect them to monitor EVERY SINGLE company. At the end of the day , it still boils down to oneself.
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investors has to know what they are investing in. MAS cannot monitor every single transaction, it will be too controlled, and that kills innovative, and good products.
You can buy a House/Rolex that is fake/lousy investment, MAS will not able to regulate in this area. By putting on the Alert list, MAS already tell the investors that, these companies are not regulated by MAS, and Investors should do their part due diligence before entering into investment/dealings with such companies. In MAS alert list doesn't mean these companies are scams, if not these companies would have been closed down!
If investors are into forestry, or crab farming, investors must know that these can easily because of climates or natural conditions causes the plants or crabs to die or whatsoever. It is something beyond the investor or even the farmer's control.
what about the worse case scenario?
all these must be taking into consideration before entering into any investment.
For Land, is it a raw land, or zoned land? what is the time frame. basically land is much more secure, in my opinion, as it cannot be moved.
is there a security arranged? what is the track records? all these investors must know.
If investors are not planning to know all these, they might as well keep their money in FD or unit trust. where somebody make the decision for you. Of course you can't expect good returns if that is the case.
If you are looking for something better, you have to spend some time study on it. If you don't know, then don't any how invest, risk reduces if you know how it works and convinced it works.
cheers
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Dunno what to say for those who lost money in this scam. Anyone who attended the sales seminar would have smelled it was a scam from a mile away. I guess the free food and drinks provided at the sales talk is difficult to resist
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