I read an article from the straits times on 4th July excellently written by Tan Min Lan, who is the head of UBS Wealth investment office. https://www.straitstimes.com/business/economy/how-to-invest-for-a-slump-or-a-bump Unfortunately, it is for subscribers only. I shall attempt to write a synopsis of the article. Hope I interpreted it correctly;-) Here goes:
Others
Be wary of stock tips from people not met before
Despite warnings from our SPF, MAS and Straits Times, people continue to fall victim to pump and dump scheme.
Alas a friend bought HK stock Renco Holding last Thurs and today it fell 64% in a day. Thousands of hard earned money lost in a few days.
